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Xos (XOS) Revenue & Revenue Breakdown

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Xos Revenue Highlights

Latest Revenue (Y)

$44.52M

Latest Revenue (Q)

$13.16M

Main Segment (Y)

Product

Main Geography (Y)

Product

Xos Revenue by Period

Xos Revenue by Year

DateRevenueChange
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$1.15M-

Xos generated $44.52M in revenue during NA 2023, up 22.40% compared to the previous quarter, and up 0.00% 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 23Dec 22Dec 21
Fleet-As-A Service$1.21M--
Stepvans And Vehicle Incentives$41.38M$31.83M$2.73M
Product$43.39M$34.66M$4.89M
Powertrains$795.00K$2.23M$2.15M

Xos's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (50.00%), Stepvans And Vehicle Incentives (47.69%), Fleet-As-A Service (1.39%), and Powertrains (0.92%).

Quarterly Revenue by Product

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

Xos's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (52.55%), Stepvans And Vehicle Incentives (42.34%), Ancillary (2.61%), Automotive Regulatory Credits (2.10%), and Manufactured Product, Other (0.40%).

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$8.28B$2.85B
TEXTerex$5.15B$1.21B
HYHyster-Yale Materials Handling$4.12B$1.02B
WNCWabash National$2.54B$464.04M
REVGREV Group$2.38B$579.40M
MTWManitowoc Company$2.23B$524.80M
TWITitan$1.82B$447.99M
LNNLindsay$1.02B$139.20M
SHYFShyft Group$872.20M$-390.67M
LEVLion Electric Company$253.50M$55.48M
HYFMHydrofarm Group$226.58M$44.01M
XOSXos$44.52M$13.16M
NKLANikola$35.84M$25.18M

XOS Revenue FAQ

What is Xos’s yearly revenue?

Xos's yearly revenue for 2023 was $44.52M, representing an increase of 22.40% compared to 2022. The company's yearly revenue for 2022 was $36.38M, representing an increase of 620.60% compared to 2021. XOS's yearly revenue for 2021 was $5.05M, representing an increase of 91.14% compared to 2020.

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 (2021-2023) was 781.99%, and for the last 5 years (2019-2023) was 3781.69%.

What are Xos’s revenue streams?

Xos's revenue streams in c 23 are Fleet-As-A Service, Stepvans And Vehicle Incentives, Product, and Powertrains. Fleet-As-A Service generated $1.21M in revenue, accounting 1.39% of the company's total revenue Stepvans And Vehicle Incentives generated $41.38M in revenue, accounting 47.69% of the company's total revenue, up 30.02% year-over-year. Product generated $43.39M in revenue, accounting 50.00% of the company's total revenue, up 25.17% year-over-year. Powertrains generated $795K in revenue, accounting 0.92% of the company's total revenue, down -64.29% year-over-year.

What is Xos’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Xos was Product. This segment made a revenue of $43.39M, representing 50.00% of the company's total revenue.