Xos Inc. Sets New Records in Q2 2025 Amidst Financial Challenges

In a remarkable display of resilience and growth, Xos Inc., a leading mobility solutions company based in Los Angeles, has set new records in its second quarter of 2025. Specializing in the manufacturing of battery-electric commercial vehicles, including electric trucks and powertrains, Xos has demonstrated significant progress in its mission to revolutionize the transportation industry with sustainable solutions.

On August 13, 2025, Xos announced its second-quarter results, revealing a record-breaking GAAP revenue of $18.4 million, a substantial increase from the $15.5 million reported in the same quarter of the previous year. This financial milestone was achieved through the delivery of 135 units, marking a significant improvement from the 90 units delivered in Q2 2024. The company’s ability to increase both its revenue and unit deliveries underscores its growing market presence and the increasing demand for electric commercial vehicles.

Despite these achievements, Xos reported its lowest operating loss as a public company at $7.1 million. This figure, while representing a loss, is a testament to the company’s efforts in reducing operating expenses by $4.7 million, or 35% year-over-year. Such cost-cutting measures have been crucial in navigating the financial challenges faced by the company, allowing it to post a positive operating cash flow of $4.6 million.

However, the journey has not been without its hurdles. The company’s gross margins declined to 8.8% from 20.6% in the previous quarter, attributed to product mix and inventory adjustments. This decline highlights the challenges Xos faces in balancing growth with profitability, a common theme for companies in the rapidly evolving electric vehicle sector.

Looking ahead, Xos maintains an optimistic outlook for the remainder of 2025. The company has reaffirmed its revenue outlook of $50.2-65.8 million and a unit delivery forecast of 320-420 units. However, it has revised its Non-GAAP operating loss projection, reflecting the ongoing adjustments and strategic decisions being made to ensure long-term sustainability and success.

As Xos continues to navigate the complexities of the electric vehicle market, its recent achievements in Q2 2025 serve as a beacon of progress and potential. With a focus on innovation, sustainability, and efficiency, Xos Inc. is poised to play a pivotal role in shaping the future of mobility solutions.

For more information on Xos Inc. and its offerings, interested parties are encouraged to visit their website at www.xostrucks.com . As the company moves forward, it remains committed to delivering high-quality, sustainable mobility solutions that meet the needs of its customers nationwide in the United States.