Electric truck maker Xos's Q3 revenue misses estimates

Xos

13/11/2025 21:19

Overview

Xos Q3 revenue declined from Q2 and missed analyst expectations

Company achieved positive net income of $2.1 mln for Q3 2025

Operating expenses decreased 24% yr/yr, reflecting strong cost discipline

Outlook

Xos maintains 2025 revenue outlook at $50.2 mln to $65.8 mln

Company expects 2025 unit deliveries between 320 and 420 units

Xos forecasts 2025 non-GAAP operating loss of $26.9 mln to $24.4 mln

Result Drivers

GROSS MARGIN IMPROVEMENT - Xos expanded gross margins to 15.3% from 8.8% in Q2, attributed to a diverse customer mix

COST DISCIPLINE - Operating expenses decreased 24% yr/yr, reflecting strong execution and focus on operational performance

CASH FLOW POSITIVE - Achieved positive free cash flow for the second consecutive quarter, driven by faster inventory turnover and efficient receivables collection

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$16.50 mln
$17.33 mln (3 Analysts)
Q3 Net Income
$2.10 mln
Q3 Adjusted Operating Income
-$4.80 mln
Q3 Income From Operations
-$7 mln
Q3 Operating Expenses
$9.53 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto & truck manufacturers peer group is "buy"

Wall Street's median 12-month price target for Xos Inc is $6.50, about 61.7% above its November 12 closing price of $2.49

Press Release: ID:nGNX8m9X6R

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)