Home / Going-concern warnings / Xos, Inc.
Filed 2025-08-13 路 Form 10-Q 路 Accession 0001819493-25-000128 nano
Price before filing: $3.37 (2025-08-12 close, split/dividend-adjusted)
Market cap at flag: $33.8M (2025-08-13) 路 Latest: $35.4M (2026-10-16)
| Window | XOS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -28.8% | +2.3% | -31.1% | 2025-09-12 |
| 90 days | -28.5% | +6.6% | -35.1% | 2025-11-11 |
| 180 days | -35.0% | +8.6% | -43.6% | 2026-02-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $16K (2 sales)
30 days after: 2 insiders sold $634K (14 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-27 | Ingargiola Luisa Director | Sale | 1,305 | $3.31 | $4K | no | Form 4 |
| 2025-05-28 | Ingargiola Luisa Director | Sale | 3,468 | $3.31 | $11K | no | Form 4 |
| 2025-08-13: red flag filed | |||||||
| 2025-08-18 | Bernstein Stuart N. Director | Sale | 14,347 | $3.07 | $44K | no | Form 4 |
| 2025-08-26 | Emerald Green Trust 10% owner | Sale | 41,894 | $3.02 | $127K | yes | Form 4 |
| 2025-08-27 | Emerald Green Trust 10% owner | Sale | 28,384 | $3.04 | $86K | yes | Form 4 |
| 2025-08-28 | Emerald Green Trust 10% owner | Sale | 20,398 | $3.00 | $61K | yes | Form 4 |
| 2025-08-29 | Emerald Green Trust 10% owner | Sale | 19,731 | $2.89 | $57K | yes | Form 4 |
| 2025-09-02 | Emerald Green Trust 10% owner | Sale | 24,593 | $2.62 | $64K | yes | Form 4 |
| 2025-09-03 | Emerald Green Trust 10% owner | Sale | 19,333 | $2.48 | $48K | yes | Form 4 |
| 2025-09-04 | Emerald Green Trust 10% owner | Sale | 13,110 | $2.28 | $30K | yes | Form 4 |
| 2025-09-05 | Emerald Green Trust 10% owner | Sale | 5,479 | $2.30 | $13K | yes | Form 4 |
| 2025-09-08 | Emerald Green Trust 10% owner | Sale | 11,686 | $2.29 | $27K | yes | Form 4 |
| 2025-09-09 | Emerald Green Trust 10% owner | Sale | 6,825 | $2.28 | $16K | yes | Form 4 |
| 2025-09-10 | Emerald Green Trust 10% owner | Sale | 6,195 | $2.35 | $15K | yes | Form 4 |
| 2025-09-11 | Emerald Green Trust 10% owner | Sale | 11,768 | $2.39 | $28K | yes | Form 4 |
| 2025-09-12 | Emerald Green Trust 10% owner | Sale | 7,922 | $2.39 | $19K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-15 to 2025-09-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These conditions and events raise substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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