Xos

XOS

Auto - Manufacturers · Consumer Cyclical

Price

$3.50

-0.22 (-5.91%)

Market Cap

$35.8M

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+160.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 3.6M (2021) → 9.4M (2025)

Winston Score History

The full picture

Xos, Inc. is an American electric vehicle company that builds battery-powered commercial trucks. Its main products are medium- and heavy-duty delivery trucks and step vans designed for companies that run large fleets. Customers include parcel delivery services, beverage distributors, and other businesses that need to move goods around cities every day.

Xos makes money by selling its electric trucks directly to fleet operators. The company operates primarily in the United States and is a small player in a competitive market that includes much larger rivals like Rivian and traditional truck manufacturers adding electric options. With a gross margin of just over 11% and a deeply negative operating margin, Xos is spending far more than it earns, which is a significant financial risk. The key challenge ahead is scaling up production enough to lower costs and reach profitability before its cash runs out.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-74.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+39.6% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$8M/ year

↓ Declining (-25% vs prior year)

17.4% of revenue

4.3x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

57.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~18 months

$16M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Revenue declining

Xos's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

12.1%

Thin — 12.1% gross margin

Profit after running costs

Operating Margin

-167.7%

Losing money on operations — -167.7%

Return on the money invested

ROCE

-72.6%

Weak — -72.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-26.9%

Shrinking sales (-26.9% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

3.1%

Thin free cash flow (3.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.77

Moderate — manageable debt (0.77)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial