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Xos, Inc. logo
XOS$2.74+1.49%

Xos, Inc.

Sector: Motor Vehicle Parts & AccessoriesIndustry: Auto - ManufacturersCountry: USExchange: Nasdaq

Mkt Cap$38.96M
Float & O/S
Inst Own

DilutionScan read 34 of Xos, Inc.'s SEC filings and found 2 warrant series, 1 convertible, 1 ATM program, 1 equity line, 2 shelf registrations, 1 S-1 registration and 1 completed offering on file for XOS. The latest dilution event on file is ATM sales on Jun 30, 2026. Analysis updated Oct 4, 2026.

Signal8 Summary

XOS

Going-concern warning and shrinking revenue

Snapshot

Xos is a micro-cap manufacturer of electric commercial vehicles and mobile energy storage systems. The business is unprofitable and shrinking, with FY 2025 revenue falling 18% to $46M and a net loss of $25.3M. Despite the accounting loss, the company generated $5.4M in positive free cash flow, helped by zero capital expenditure.

What's Happening Right Now

  • : Xos secured a contract with the U.S. Air Force to deliver a prototype ruggedized mobile charging system, marking its entry into the defense market.
  • : Xos reported a second consecutive quarter of positive gross margin and reduced operating expenses in Q2 2026, highlighting operational efficiency despite a decline in revenue.
  • : A June prospectus filing highlighted substantial doubt about the company's ability to continue as a going concern over the next 12 months and disclosed a $6 million registered direct offering.

Raise routes on file: active ATM + effective shelf · latest dilution event 126 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Jun 30, 2026 · ATM Sale

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2023

Expired

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 2

What is this?

Exercise price, shares and dates with Pro

Warrant

Expired

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Expired

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 1

What is this?

Principal, conversion terms and dates with Pro

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2025

Active

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2022

Expired

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 2

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2023

Superseded

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 1

What is this?

Proceeds, price, shares and agent with Pro

Registered direct offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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