Xos Inc (NASDAQ: XOS) is a commercial electric vehicle company that designs and manufactures medium-duty battery-electric trucks for fleet operators. Revenue is generated through vehicle sales, with manufacturing conducted at a facility in Byrdstown, Tennessee in partnership with Fitzgerald Manufacturing Partners, LLC. Xos is headquartered in an 85,142 square foot facility in Los Angeles, California, where it performs executive, administrative, and vehicle servicing functions. All Xos vehicles use lithium iron phosphate (LFP) battery packs sourced through third-party partners. The company carries a Convertible Note with $17.0 million principal outstanding as of March 26, 2026, repayable in quarterly installments from May 2026 through February 2028. Xos has never declared or paid a cash dividend. Dakota Semler serves as Chief Executive Officer. The company has not been profitable, reporting a cash-basis net loss of $26.2 million from normal operations for the year ended December 31, 2024.

Revenue model

Transactional vehicle sales of medium-duty battery-electric trucks to commercial fleet operators. The company also subleases portions of its Los Angeles headquarters, recognizing $0.5 million in sublease income in FY2025.

Products and services

Medium-duty battery-electric commercial trucks equipped with lithium iron phosphate (LFP) battery packs. Vehicles feature a redesigned high-voltage system architecture aimed at weight reduction and durability for fleet operations.

Customers and end markets

Commercial fleet operators requiring medium-duty electric vehicles. Specific customer names and concentration data are not disclosed in the filing excerpts.

Value-chain role

Original equipment manufacturer (OEM) of commercial electric vehicles. Manufacturing is outsourced to Fitzgerald Manufacturing Partners, LLC in Byrdstown, Tennessee. Battery packs are sourced from third-party partners. The company handles vehicle servicing and distribution from its Los Angeles headquarters.

Geographic exposure

Operations primarily in the United States. Headquarters in Los Angeles, California; manufacturing in Byrdstown, Tennessee; a former manufacturing facility in Mesa, Arizona (lease terminated per FY2025 filing).

Source: SEC 10-K, filed 2026-03-30

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