earnings
confidence high
sentiment positive
materiality 0.75
Xos Q1 2026: record 38.6% gross margin, $11.2M revenue, operating loss down 49.5% YoY
Xos, Inc.
2026-Q1 EPS reported
-$0.43
revenue$11,225,000
- Revenue $11.2M (up 90% YoY from $5.9M); record gross margin 38.6% vs 20.6% in Q1 2025.
- Operating loss improved 49.5% to $4.7M; non-GAAP operating loss down 67.2% to $2.6M.
- Delivered 95 units (including 63 Blue Bird powertrains), up from 29 units in Q1 2025.
- Operating expenses cut 14% YoY to $9.0M; cash at $9.8M vs $4.8M a year ago.
- Launched Xos Hub 210/420/630 kWh; electric chassis priced at $99,000.
item 2.02item 9.01