Xos, Inc. (XOS) intrinsic value & 10-year financials
Xos, Inc. (XOS) has a Graham intrinsic value of $7.31 per share. At $2.81 on Oct 17, 2026, the stock trades 62% below that value. Over the last 7 fiscal years revenue grew 77.1% a year to $46.0M, with an average return on invested capital of -6.6%.
- Graham intrinsic value
- $7.31
- Share price (Oct 17, 2026)
- $2.81
- Price vs Graham value
- 62% below
- Market cap
- $26.3M
- Revenue (FY2025)
- $46.0M
- Revenue growth (7-yr CAGR)
- 77.1%
- ROIC (10-yr avg)
- -6.6%
- Free cash flow (FY2025)
- $5.4M
XOS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $46.0M | -$25.3M | -$2.71 | $5.4M | -71.9% | -128.3% |
| FY2024 | $56.0M | -$50.2M | -$6.69 | -$49.1M | -82.0% | -114.0% |
| FY2023 | $44.5M | -$75.8M | -$13.11 | -$40.7M | -145.9% | -102.0% |
| FY2022 | $36.4M | -$73.3M | -$0.44 | -$142.1M | -306.1% | -90.5% |
| FY2021 | $5.0M | $23.4M | $0.22 | -$93.8M | -1053.0% | -33.6% |
| FY2020 | $2.6M | -$16.7M | -$0.23 | -$12.7M | -449.5% | 429.1% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Xos, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Xos, Inc. has historically struggled to out-earn its cost of capital, averaging just -77.4% ROIC.
Xos, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Xos, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.31 per share.