Xos, Inc., a commercial EV fleet and charging solutions provider, reported sharply higher revenue but continued losses for the three months ended March 31, 2026. Revenues rose to $11,225 thousand from $5,879 thousand, lifting gross profit to $4,334 thousand from $1,211 thousand.
Operating loss narrowed to $4,677 thousand and net loss to $4,953 thousand from $10,186 thousand, or $(0.43) per share versus $(1.26). Cash and cash equivalents declined to $9,849 thousand while total convertible debt stood at $17,000 thousand. Management discloses substantial doubt about Xos’s ability to continue as a going concern and warns that absent new capital, collections, or refinancing, it may need to seek bankruptcy protection.
Xos, Inc., a commercial EV fleet and charging solutions provider, reported sharply higher revenue but continued losses for the three months ended March 31, 2026. Revenues rose to $11,225 thousand from $5,879 thousand, lifting gross profit to $4,334 thousand from $1,211 thousand.
Operating loss narrowed to $4,677 thousand and net loss to $4,953 thousand from $10,186 thousand, or $(0.43) per share versus $(1.26). Cash and cash equivalents declined to $9,849 thousand while total convertible debt stood at $17,000 thousand. Management discloses substantial doubt about Xos’s ability to continue as a going concern and warns that absent new capital, collections, or refinancing, it may need to seek bankruptcy protection.
Xos, Inc. reported strong Q1 2026 results, with revenue of $11.2 million and gross margin of 38.6%, its highest since going public. The company delivered 95 units versus 29 a year earlier and cut operating loss to $4.7 million from $9.3 million. Net loss narrowed to $5.0 million from $10.2 million. Cash and cash equivalents were $9.8 million as of March 31, 2026. Xos reaffirmed its 2026 outlook, targeting revenue of $40–$50 million, non‑GAAP operating loss of $11.9–$13.3 million, and 350–500 unit deliveries.
Xos, Inc. reported strong Q1 2026 results, with revenue of $11.2 million and gross margin of 38.6%, its highest since going public. The company delivered 95 units versus 29 a year earlier and cut operating loss to $4.7 million from $9.3 million. Net loss narrowed to $5.0 million from $10.2 million. Cash and cash equivalents were $9.8 million as of March 31, 2026. Xos reaffirmed its 2026 outlook, targeting revenue of $40–$50 million, non‑GAAP operating loss of $11.9–$13.3 million, and 350–500 unit deliveries.
Xos, Inc. director and Chief Operating Officer Giordano Sordoni reported a routine tax-related share disposition. On this Form 4/A, 9,637 shares of common stock were withheld by the company at a price of $1.89 per share to cover tax obligations from vesting Restricted Stock Units (RSUs).
After this withholding, Sordoni directly holds 1,636,043 shares of Xos common stock, which includes 492,795 unvested RSUs that may convert into additional shares as they vest. This event reflects compensation-related tax settlement rather than an open-market sale.
Xos, Inc. director and Chief Operating Officer Giordano Sordoni reported a routine tax-related share disposition. On this Form 4/A, 9,637 shares of common stock were withheld by the company at a price of $1.89 per share to cover tax obligations from vesting Restricted Stock Units (RSUs).
After this withholding, Sordoni directly holds 1,636,043 shares of Xos common stock, which includes 492,795 unvested RSUs that may convert into additional shares as they vest. This event reflects compensation-related tax settlement rather than an open-market sale.
Xos, Inc. Chief Financial Officer Liana Pogosyan reported a routine tax-withholding transaction related to restricted stock vesting. On May 10, 2026, the company withheld 3,163 shares of common stock at $1.89 per share to cover her tax obligations.
After this non‑market disposition, Pogosyan directly holds 163,752 shares of Xos common stock, which includes 112,911 unvested restricted stock units (RSUs). RSUs convert into shares as they vest, so this transaction reflects tax handling on previously granted equity compensation rather than an open‑market sale.
Xos, Inc. Chief Financial Officer Liana Pogosyan reported a routine tax-withholding transaction related to restricted stock vesting. On May 10, 2026, the company withheld 3,163 shares of common stock at $1.89 per share to cover her tax obligations.
After this non‑market disposition, Pogosyan directly holds 163,752 shares of Xos common stock, which includes 112,911 unvested restricted stock units (RSUs). RSUs convert into shares as they vest, so this transaction reflects tax handling on previously granted equity compensation rather than an open‑market sale.
Xos, Inc. Chief Executive Officer Dakota Semler reported a tax-related share disposition tied to vesting stock awards. On May 10, 2026, the issuer withheld 14,538 shares of common stock at $1.89 per share to satisfy tax withholding obligations on previously reported Restricted Stock Unit (RSU) awards. After this withholding, Semler directly held 877,061 shares of common stock, which the footnotes state include 499,430 unvested RSUs. This event reflects tax settlement on equity compensation rather than an open-market sale.
Xos, Inc. Chief Executive Officer Dakota Semler reported a tax-related share disposition tied to vesting stock awards. On May 10, 2026, the issuer withheld 14,538 shares of common stock at $1.89 per share to satisfy tax withholding obligations on previously reported Restricted Stock Unit (RSU) awards. After this withholding, Semler directly held 877,061 shares of common stock, which the footnotes state include 499,430 unvested RSUs. This event reflects tax settlement on equity compensation rather than an open-market sale.
Aljomaih Automotive Co. and Aljomaih Holding Co. report beneficial ownership of 3,738,303 shares of Xos common stock, representing 28.0% of the class. This includes 2,446,637 shares held directly and 1,291,666 shares issuable upon conversion of a $15,500,000 convertible promissory note.
A Third Amended and Restated Convertible Promissory Note dated May 8, 2026 reduces the conversion price from $71.451 per share to $12.00 per share and adds a mandatory conversion feature if the Daily VWAP exceeds $16.00 for twenty out of thirty consecutive trading days. Earlier amendments led to the issuance of 1,803,262 “Interest Shares” for about $6.0 million of accrued interest and set a quarterly principal repayment schedule through February 11, 2028. The reporting persons state they may buy or sell additional shares subject to applicable law.
Aljomaih Automotive Co. and Aljomaih Holding Co. report beneficial ownership of 3,738,303 shares of Xos common stock, representing 28.0% of the class. This includes 2,446,637 shares held directly and 1,291,666 shares issuable upon conversion of a $15,500,000 convertible promissory note.
A Third Amended and Restated Convertible Promissory Note dated May 8, 2026 reduces the conversion price from $71.451 per share to $12.00 per share and adds a mandatory conversion feature if the Daily VWAP exceeds $16.00 for twenty out of thirty consecutive trading days. Earlier amendments led to the issuance of 1,803,262 “Interest Shares” for about $6.0 million of accrued interest and set a quarterly principal repayment schedule through February 11, 2028. The reporting persons state they may buy or sell additional shares subject to applicable law.
Xos, Inc. has amended its financing arrangement with Aljomaih Automotive by entering into a Third Amended and Restated Convertible Promissory Note. The original $20 million convertible note’s conversion price is reduced from $71.451 per share to $12.00 per share of common stock, increasing the number of shares issuable upon conversion. The amendment also adds a mandatory conversion feature allowing Xos to compel conversion if the common stock’s Daily VWAP exceeds $16.00 per share for at least twenty out of thirty consecutive trading days. All other material terms of the convertible note remain unchanged.
Xos, Inc. has amended its financing arrangement with Aljomaih Automotive by entering into a Third Amended and Restated Convertible Promissory Note. The original $20 million convertible note’s conversion price is reduced from $71.451 per share to $12.00 per share of common stock, increasing the number of shares issuable upon conversion. The amendment also adds a mandatory conversion feature allowing Xos to compel conversion if the common stock’s Daily VWAP exceeds $16.00 per share for at least twenty out of thirty consecutive trading days. All other material terms of the convertible note remain unchanged.
Xos, Inc. Chief Executive Officer Dakota Semler reported a routine tax-related share disposition. The company withheld 14,538 shares of common stock at $1.85 per share to cover tax obligations tied to the vesting of previously granted Restricted Stock Units (RSUs), rather than an open-market sale. After this withholding, Semler directly holds 877,061 common shares, including 499,430 unvested RSUs that may convert into additional shares as they vest.
Xos, Inc. Chief Executive Officer Dakota Semler reported a routine tax-related share disposition. The company withheld 14,538 shares of common stock at $1.85 per share to cover tax obligations tied to the vesting of previously granted Restricted Stock Units (RSUs), rather than an open-market sale. After this withholding, Semler directly holds 877,061 common shares, including 499,430 unvested RSUs that may convert into additional shares as they vest.
Xos, Inc. Chief Operating Officer and director Giordano Sordoni reported a routine tax-withholding share disposition tied to restricted stock vesting. The company withheld 9,637 shares of common stock at $1.85 per share to cover tax obligations from previously granted RSU awards.
After this non-market transaction, Sordoni directly holds 1,636,043 shares of Xos common stock, which includes 492,795 unvested restricted stock units that may settle into additional shares over time.
Xos, Inc. Chief Operating Officer and director Giordano Sordoni reported a routine tax-withholding share disposition tied to restricted stock vesting. The company withheld 9,637 shares of common stock at $1.85 per share to cover tax obligations from previously granted RSU awards.
After this non-market transaction, Sordoni directly holds 1,636,043 shares of Xos common stock, which includes 492,795 unvested restricted stock units that may settle into additional shares over time.
Xos, Inc. Chief Financial Officer Liana Pogosyan reported a routine tax-related share withholding. On the transaction date, 3,163 shares of common stock were withheld by the company at a price of $1.85 per share to cover tax obligations arising from vesting of previously granted Restricted Stock Units (RSUs). After this disposition, she holds 163,752 common shares directly, which includes 112,911 unvested RSUs that may convert into additional shares as they vest.
Xos, Inc. Chief Financial Officer Liana Pogosyan reported a routine tax-related share withholding. On the transaction date, 3,163 shares of common stock were withheld by the company at a price of $1.85 per share to cover tax obligations arising from vesting of previously granted Restricted Stock Units (RSUs). After this disposition, she holds 163,752 common shares directly, which includes 112,911 unvested RSUs that may convert into additional shares as they vest.