Xos, Inc. reported Q4 and full year 2025 financial results, marking its third consecutive quarter of positive operating and free cash flow. The Company reduced its full-year operating expenses by 28.2% and cut its EBITDA loss by more than half, ending the year with $14.0 million in cash.
Key takeaways
Achieved third consecutive quarter of positive operating cash flow and free cash flow in Q4 2025.
Full year 2025 revenue was $46.0 million, down from $56.0 million in 2024, with 328 units delivered (up 10% YoY).
Full year operating expenses reduced by $14.0 million (28.2% YoY) to $35.8 million.
Full year EBITDA loss improved to $21.0 million from $42.2 million in the prior year.
Ended 2025 with $14.0 million in cash and cash equivalents, a 28% increase year-over-year.
2026 outlook projects revenue of $40.0 to $50.0 million and unit deliveries of 350 to 500 units.