Xos (XOSWW) Scaled Net Operating Assets: 0.48 (As of Mar. 2026)

Xos XOSWW +2.63% 76 Scaled Net Operating Assets is 0.48 as of Mar. 2026. GuruFocus rates XOSWW with a GF Score™ of 76/100. The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Xos's operating assets for the quarter that ended in Mar. 2026 was $44.57 Mil. Xos's operating liabilities for the quarter that ended in Mar. 2026 was $15.44 Mil. Xos's Total Assets for the quarter that ended in Dec. 2025 was $60.36 Mil. Therefore, Xos's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.48.

Xos Scaled Net Operating Assets Related Terms

Xos Scaled Net Operating Assets Historical Data

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The historical data trend for Xos's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Xos Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Scaled Net Operating Assets

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4.77

0.39

0.34

0.70

0.32

Xos Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.64	0.59	0.54	0.42	0.48

XOSWW vs SCAG, ARTW, HCAI: Scaled Net Operating Assets Comparison

For the Farm & Heavy Construction Machinery subindustry, Xos's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Xos Scaled Net Operating Assets vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Xos's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Xos's Scaled Net Operating Assets falls into.

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76GF Score

Xos Inc XOSWW

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Xos Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Xos's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2025 )
=	(Operating Assets (A: Dec. 2025 )	-	Operating Liabilities (A: Dec. 2025 ))	/	Total Assets (A: Dec. 2024 )
=	(46.323	-	15.103)	/	98.333
=	0.32

where

	Operating Assets		(A: Dec. 2025 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	60.363	-	14.04
=	46.323

	Operating Liabilities		(A: Dec. 2025 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	37.076	-	12.387	-	9.586
=	15.103

Xos's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Mar. 2026 )
=	(Operating Assets (Q: Mar. 2026 )	-	Operating Liabilities (Q: Mar. 2026 ))	/	Total Assets (Q: Dec. 2025 )
=	(44.568	-	15.44)	/	60.363
=	0.48

where

	Operating Assets		(Q: Mar. 2026 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	54.417	-	9.849
=	44.568

	Operating Liabilities		(Q: Mar. 2026 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	34.627	-	10.228	-	8.959
=	15.44

Frequently Asked Questions Learn more about Scaled Net Operating Assets →

What does a Scaled Net Operating Assets of 0.48 mean?

Xos (XOSWW) has a Scaled Net Operating Assets of 0.48 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Xos and its competitors.

Is Xos' Scaled Net Operating Assets too high?

Xos' current Scaled Net Operating Assets is 0.48. Overall, Xos has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.

How does Xos' Scaled Net Operating Assets compare to SCAG and ARTW?

Xos' Scaled Net Operating Assets of 0.48 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 Scaled Net Operating Assets for a Farm & Heavy Construction Machinery company?

A good Scaled Net Operating Assets depends on the Farm & Heavy Construction Machinery industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?

A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Xos and its competitors. Xos's current Scaled Net Operating Assets is 0.48. 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?

Xos (XOSWW) has a current Scaled Net Operating Assets of 0.48. The current Scaled Net Operating Assets is 0.48. Xos' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Scaled Net Operating Assets calculated?

Scaled Net Operating Assets is calculated from a company's financial statements. For Xos (XOSWW), the current Scaled Net Operating Assets is 0.48 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.

Xos Business Description

Industry Industrials Farm & Heavy Construction Machinery

Comparable Companies SCAG ARTW HCAI CLEV GP HYFM UGRO NMHI BNC CAT DE OSTO:VOLV B PCAR TSE:6201 XTER:DTG TSE:6301 OSTO:EPI A SHSE:600031 TSE:6326 SZSE:000425

Other Exchanges XOS:USA 9KR0:Germany

Address 3550 Tyburn Street, Unit 100, Los Angeles, CA, USA, 90065

Website https://www.xostrucks.com

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.

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