Xos (XOS) Balance Sheet: Assets & Liabilities

Xos (XOS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Xos reported total assets of $60.36M and total liabilities of $37.08M. Shareholders' equity was $23.29M, down 30.7% from $33.61M a year earlier. Total debt stood at $21.59M against $14.04M in cash and short-term investments, a net debt position of $7.55M. That puts debt-to-equity at 0.93, compared with 0.02 a year earlier.

Xos Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Xos, Inc. (XOS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	14.04	11.00	11.64	35.63	16.14	10.36	0.02	0.86
Short-Term Investments	0.00	0.00	0.00	50.65	94.70	0.00	0.00	0.00
Cash & Short-Term Investments	14.04	11.00	11.64	86.28	110.84	10.36	0.02	0.86
Accounts Receivable	6.04	26.87	15.14	8.53	3.35	0.41	0.18	0.00
Inventory	25.43	37.29	37.84	57.54	30.88	1.87	1.57	0.32
Other Current Assets	4.84	7.87	2.60	10.85	5.92	0.06	0.02	0.00
Total Current Assets	49.88	82.30	71.70	163.20	165.96	12.69	1.78	1.18
Non-Current Assets
Property, Plant & Equipment (Net)	5.85	9.30	19.65	25.14	7.43	1.08	0.97	0.90
Long-Term Investments	2.76	0.00	0.00	0.00	54.82	0.00	0.00	0.00
Other Non-Current Assets	4.63	6.73	2.34	1.60	0.51	0.00	0.00	0.00
Total Non-Current Assets	10.49	16.03	21.99	26.74	62.75	1.08	0.97	0.90
Total Assets	60.36	98.33	93.68	189.94	228.71	13.77	2.76	2.07
Current Liabilities
Accounts Payable	2.47	8.93	2.76	2.90	10.12	1.17	1.48	0.72
Short-Term Debt	9.59	0.38	1.35	32.86	0.48	18.53	1.08	0.07
Current Portion of Long-Term Debt	6.50	19.97	0.35	26.85	0.48	18.53	-	-
Accrued Liabilities	9.51	9.75	7.44	7.59	4.30	4.29	-	-
Deferred Revenue	0.62	0.26	3.05	0.91	0.90	0.73	0.00	0.00
Other Current Liabilities	14.69	17.77	1.31	9.09	0.18	12.51	3.45	0.56
Total Current Liabilities	23.66	46.67	19.57	45.77	15.98	32.94	6.01	1.35
Non-Current Liabilities
Long-Term Debt	12.00	0.22	20.51	30.09	1.59	0.17	6.59	6.19
Other Non-Current Liabilities	1.35	17.93	0.04	2.01	29.24	7.86	0.69	0.43
Total Non-Current Liabilities	13.35	17.93	28.92	32.10	38.33	8.03	7.28	6.61
Total Liabilities	37.08	64.72	48.49	77.86	54.31	40.97	13.29	7.96
Stockholders' Equity
Common Stock	0.07	0.00	0.00	0.00	0.02	0.01	0.00	0.00
Retained Earnings	-228.74	-203.42	-153.26	-77.42	-4.09	-27.49	-10.83	-5.89
Accumulated Other Comprehensive Income	0.00	0.00	0.00	-0.74	-0.38	-7.86	0.00	0.00
Additional Paid-in Capital	252.03	237.03	198.46	190.23	178.85	0.29	0.29	0.00
Shares Outstanding	11.40	8.05	5.94	5.63	5.44	-	-	-
Total Stockholders' Equity	23.29	33.61	45.20	112.08	174.39	-27.20	-10.53	-5.89
Total Liabilities & Equity	60.36	98.33	93.68	189.94	228.71	13.77	2.76	2.07

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Xos Balance Sheet

How much debt does Xos have?

Xos had total debt of $21.59M as of Dec 31, 2025, against $14.04M in cash and short-term investments. Its debt-to-equity ratio was 0.93. Total debt was $601.00K a year earlier.

What are Xos's total assets?

Xos reported total assets of $60.36M as of Dec 31, 2025, down 38.6% from $98.33M a year earlier. Total liabilities were $37.08M.

What is Xos's shareholders' equity?

Xos's shareholders' equity was $23.29M as of Dec 31, 2025, or about $2.04 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition