Xos annual operating expenses
2020
2021
2022
2023
2024
2025
Xos Operating Expenses Growth & History (XOS)
Xos's operating expenses was $35.8M for fiscal 2025.
View full Xos company overviewXos annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $35.8M | −$14.0M | −28.15% |
| 2024 | 2024-12-31 | $49.8M | −$13.8M | −21.73% |
| 2023 | 2023-12-31 | $63.7M | −$17.6M | −21.70% |
| 2022 | 2022-12-31 | $81.3M | $30.5M | +60.10% |
| 2021 | 2021-12-31 | $50.8M | $38.6M | +317.29% |
| 2020 | 2020-12-31 | $12.2M | — | — |
Xos quarterly operating expenses
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $8.5M | −$180,000 | −2.07% |
| Q1 2026 | 2026-03-31 | $9.0M | −$1.5M | −14.02% |
| Q4 2025 | 2025-12-31 | $7.1M | −$3.8M | −34.57% |
| Q3 2025 | 2025-09-30 | $9.5M | −$3.0M | −24.13% |
| Q2 2025 | 2025-06-30 | $8.7M | −$4.7M | −35.06% |
| Q1 2025 | 2025-03-31 | $10.5M | −$2.6M | −19.58% |
| Q4 2024 | 2024-12-31 | $10.9M | −$2.3M | −17.48% |
| Q3 2024 | 2024-09-30 | $12.6M | −$2.1M | −14.07% |
| Q2 2024 | 2024-06-30 | $13.4M | −$3.4M | −20.05% |
| Q1 2024 | 2024-03-31 | $13.0M | −$6.1M | −31.96% |
| Q4 2023 | 2023-12-31 | $13.2M | −$4.8M | −26.69% |
| Q3 2023 | 2023-09-30 | $14.6M | −$5.8M | −28.34% |
| Q2 2023 | 2023-06-30 | $16.8M | −$5.9M | −26.14% |
| Q1 2023 | 2023-03-31 | $19.2M | −$1.1M | −5.65% |
| Q4 2022 | 2022-12-31 | $17.9M | −$5.1M | −22.04% |
| Q3 2022 | 2022-09-30 | $20.4M | $6.1M | +43.12% |
| Q2 2022 | 2022-06-30 | $22.7M | $14.8M | +188.47% |
| Q1 2022 | 2022-03-31 | $20.3M | $14.6M | +258.32% |
| Q4 2021 | 2021-12-31 | $23.0M | — | — |
| Q3 2021 | 2021-09-30 | $14.2M | $11.2M | +366.13% |
| Q2 2021 | 2021-06-30 | $7.9M | — | — |
| Q1 2021 | 2021-03-31 | $5.7M | — | — |
| Q3 2020 | 2020-09-30 | $3.1M | — | — |
Xos operating expenses trends
Over the last five fiscal years, Xos's operating expenses increased from $12.2M to $35.8M, a change of $23.6M. The latest reported quarter, Q2 2026, shows $8.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Xos source filings ↗