Xos (XOS) Shares Outstanding (Diluted Average): 11.57 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XOS Xos Inc XOS
80 GF Score
Price $2.15
GF Value $2.58
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Xos Shares Outstanding (Diluted Average)?

Xos XOS -0.92% 80 Shares Outstanding (Diluted Average) is 11.57 Mil as of Mar. 2026. GuruFocus rates XOS with a GF Score™ of 80/100 and a GF Value™ of $2.58 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Xos's average diluted shares outstanding for the quarter that ended in Mar. 2026 was 11.57 Mil.

Xos  (NAS:XOS) Shares Outstanding (Diluted Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Xos Shares Outstanding (Diluted Average) Related Terms

Xos Shares Outstanding (Diluted Average) Historical Data

* Premium members only.

The historical data trend for Xos's Shares Outstanding (Diluted Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xos Shares Outstanding (Diluted Average) Chart

Xos Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Diluted Average)
Get a 7-Day Free Trial 3.59 5.81 5.79 7.50 9.36

Xos Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Diluted Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.08 8.29 9.75 11.37 11.57
XOS
80GF Score
Xos Inc XOS
Shares Outstanding (Diluted Average) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xos Shares Outstanding (Diluted Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Diluted Average) of 11.57 Mil mean?
Xos (XOS) has a Shares Outstanding (Diluted Average) of 11.57 Mil as of Mar. 2026. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Xos and its competitors.
Is Xos' Shares Outstanding (Diluted Average) too high?
Xos' current Shares Outstanding (Diluted Average) is 11.57 Mil. Overall, Xos has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Xos' Shares Outstanding (Diluted Average) compare to SCAG and ARTW?
Xos' Shares Outstanding (Diluted Average) of 11.57 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Diluted Average) for a Farm & Heavy Construction Machinery company?
A good Shares Outstanding (Diluted Average) depends on the Farm & Heavy Construction Machinery industry context. However, Shares Outstanding (Diluted Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Diluted Average) mean?
A high Shares Outstanding (Diluted Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods including dilutive securities like preferred shares and convertibles. View historical data on Xos and its competitors. Xos's current Shares Outstanding (Diluted Average) is 11.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xos stock overvalued right now?
Based on GuruFocus' analysis, Xos (XOS) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.58, compared to a current price of $2.15 — trading 16.7% below its estimated fair value. The current Shares Outstanding (Diluted Average) is 11.57 Mil. Xos' overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Diluted Average) calculated?
Shares Outstanding (Diluted Average) is calculated from a company's financial statements. For Xos (XOS), the current Shares Outstanding (Diluted Average) is 11.57 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Xos (XOS) Overvalued in 2026?

Based on GuruFocus' analysis, Xos stock appears to be undervalued. The current stock price of $2.15 is trading 16.7% below its estimated GF Value™ of $2.58. GuruFocus considers Xos to be Modestly Undervalued.

Key valuation signals for XOS:

  • Shares Outstanding (Diluted Average): 11.57 Mil
  • GF Value™: $2.58 vs. price of $2.15 (16.7% below fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the XOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Xos Business Description

Other Exchanges 9KR0:Germany
Address 3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065
Xos Inc is a fleet electrification solutions provider committed to the decarbonization of commercial transportation. Xos designs and manufactures Class 5 through 8 battery-electric commercial vehicles that travel on last-mile, back-to-base routes of up to 200 miles per day. Xos also offers charging infrastructure products and services through Xos Energy Solutions to support electric vehicle fleets. Its products include Stepvan, MDXT, HDXT, Xosphere, and Xos Energy Solutions.
80GF Score

Get the complete analysis for XOS

Shares Outstanding (Diluted Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.15
Price
$2.58
GF Value