Xos Q1 revenue rises to $11.2 million as operating loss narrows to $4.7 million
Xos reported first-quarter 2026 revenue of $11.2 million, up from $5.9 million a year earlier, with gross margin rising to 38.6% from 20.6% and the operating loss falling to $4.7 million from $9.3 million. The company maintained its full-year 2026 outlook of $40.0 to $50.0 million in revenue and 350 to 500 units delivered, and its non-GAAP operating loss outlook of $11.9 to $13.3 million.
Key points
- Q1 2026 revenue was $11.2 million versus $5.9 million in Q1 2025; units delivered were 95 versus 29.
- Gross margin was 38.6% versus 20.6%; net loss narrowed to $5.0 million from $10.2 million.
- Cash and cash equivalents were $9.8 million at March 31, 2026, down from $14.0 million at December 31, 2025.
- 2026 outlook was maintained: revenue of $40.0 to $50.0 million and 350 to 500 units.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.