StocksMedium•12 November 2026•
1 min read
Xos Achieves Third Consecutive Quarter of Positive GAAP Gross Profit in Q3 2026
Key Facts
1Xos recorded its third consecutive quarter of positive GAAP gross profit in Q3 2026.
2The nine-month GAAP gross margin expanded to 26.9% from 13.3% in the prior year.
3Revenue grew 17.0% and adjusted EBITDA improved 15.6% sequentially.
Xos recorded its third consecutive quarter of positive GAAP gross profit in the third quarter of 2026. GlobeNewswire reported that the company achieved a 17.0% sequential growth in revenue, while adjusted EBITDA improved by 15.6% over the same period.
The nine-month GAAP gross margin expanded to 26.9% from 13.3% in the prior year, aiding in the narrowing of operating losses. XOS closed at $2.4 on November 11, 2026, with the stock trading between a low of $2.28 and a high of $2.41 during that session.