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Xos (XOS) Revenue & Revenue Breakdown

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Xos Revenue Highlights

Latest Revenue (Y)

$55.96M

Latest Revenue (Q)

$13.16M

Main Segment (Y)

Product

Main Geography (Y)

Product

Xos Revenue by Period

Xos Revenue by Year

DateRevenueChange
2024-12-31$55.96M25.69%
2023-12-31$44.52M22.40%
2022-12-31$36.38M620.60%
2021-12-31$5.05M91.14%
2020-12-31$2.64M130.25%
2019-12-31$1.15M272.40%
2018-12-31$308.00K-99.31%
2001-12-31$44.52M-

Xos generated $55.96M in revenue during NA 2024, up 25.69% compared to the previous quarter, and up 4878.90% compared to the same period a year ago.

Xos Revenue by Quarter

DateRevenueChange
2024-03-31$13.16M-28.37%
2023-12-31$18.38M10.06%
2023-09-30$16.70M251.20%
2023-06-30$4.75M1.21%
2023-03-31$4.70M-45.20%
2022-12-31$8.57M-22.14%
2022-09-30$11.01M12.72%
2022-06-30$9.77M38.90%
2022-03-31$7.03M112.93%
2021-12-31$3.30M824.93%
2021-09-30$357.00K-40.10%
2021-06-30$596.00K-24.84%
2021-03-31$793.00K-15.91%
2020-12-31$943.00K-16.18%
2020-09-30$1.13M-89.78%
2011-09-30$11.01M-
2001-09-30$11.01M131.55%
2001-06-30$4.75M-

Xos generated $13.16M in revenue during Q1 2024, up -28.37% compared to the previous quarter, and up 153.56% compared to the same period a year ago.

Xos Revenue Breakdown

Xos Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Stepvans And Vehicle Incentives$42.81M$41.38M$31.83M$2.73M
Ancillary$1.93M---
Manufactured Product, Other$1.78M---
Product$54.03M$43.39M$34.66M$4.89M
Fleet-As-A Service-$1.21M--
Powertrains-$795.00K$2.23M$2.15M

Xos's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (53.74%), Stepvans And Vehicle Incentives (42.58%), Ancillary (1.92%), and Manufactured Product, Other (1.77%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Ancillary$1.18M$748.00K----------
Manufactured Product, Other$1.66M$114.00K----------
Product$38.99M$15.04M$34.32M$4.64M$4.43M$7.82M$10.62M$9.26M$6.97M---
Stepvans And Vehicle Incentives$19.10M$12.12M$11.59M$32.84M$4.29M$4.26M$30.78M$9.95M$8.56M$6.86M$2.06M-
Automotive Regulatory Credits-$600.00K----------
Powertrains--$422.00K$567.00K$223.00K$5.00K$-23.15M$382.00K$656.00K$14.00K$1.08M$357.00K
Fleet-As-A Service--$628.00K$913.00K$127.00K$166.00K$285.00K$38.00K$95.00K---

Xos's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Product (63.99%), Stepvans And Vehicle Incentives (31.35%), Manufactured Product, Other (2.73%), and Ancillary (1.93%).

Xos Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21
Product$34.66M$4.89M
Powertrains$2.23M$2.15M
Stepvans And Vehicle Incentives$31.83M$2.73M

Xos's latest annual revenue breakdown by geography, as of Dec 22: Product (50.44%), Stepvans And Vehicle Incentives (46.32%), and Powertrains (3.24%).

Xos Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
OSKOshkosh$9.65B$2.85B
TEXTerex$5.13B$1.21B
HYHyster-Yale Materials Handling$4.31B$1.02B
REVGREV Group$2.38B$525.10M
MTWManitowoc$2.18B$524.80M
WNCWabash National$1.95B$464.04M
TWITitan$1.85B$447.99M
LNNLindsay$1.02B$187.06M
SHYFShyft Group$786.18M$-390.67M
HYFMHydrofarm Group$190.29M$44.01M
XOSXos$55.96M$13.16M
NKLANikola$35.84M$25.18M

XOS Revenue FAQ

What is Xos’s yearly revenue?

Xos's yearly revenue for 2024 was $55.96M, representing an increase of 25.69% compared to 2023. The company's yearly revenue for 2023 was $44.52M, representing an increase of 22.40% compared to 2022. XOS's yearly revenue for 2022 was $36.38M, representing an increase of 620.60% compared to 2021.

What is Xos’s quarterly revenue?

Xos's quarterly revenue for Q1 2024 was $13.16M, a -28.37% decrease from the previous quarter (Q4 2023), and a 180.22% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $18.38M, a 10.06% increase from the previous quarter (Q3 2023), and a 114.40% increase year-over-year (Q4 2022). XOS's quarterly revenue for Q3 2023 was $16.7M, a 251.20% increase from the previous quarter (Q2 2023), and a 51.67% increase year-over-year (Q3 2022).

What is Xos’s revenue growth rate?

Xos's revenue growth rate for the last 3 years (2022-2024) was 53.84%, and for the last 5 years (2020-2024) was 2018.93%.

What are Xos’s revenue streams?

Xos's revenue streams in c 24 are Stepvans And Vehicle Incentives, Ancillary, Manufactured Product, Other, and Product. Stepvans And Vehicle Incentives generated $42.81M in revenue, accounting 42.58% of the company's total revenue, up 3.44% year-over-year. Ancillary generated $1.93M in revenue, accounting 1.92% of the company's total revenue Manufactured Product, Other generated $1.78M in revenue, accounting 1.77% of the company's total revenue Product generated $54.03M in revenue, accounting 53.74% of the company's total revenue, up 24.54% year-over-year.

What is Xos’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Xos was Product. This segment made a revenue of $54.03M, representing 53.74% of the company's total revenue.