Xos, Inc. (XOS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 354.3% of current shares
Recent Dilution: 54.56% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
12M
Potential Supply
41M
Additional shares possible
Splits
None
Past 2 years

Summary

XOS currently has 11.6M outstanding shares. with significant dilution risk as 41M authorized shares could dilute existing holders by 354.3%. The company has significantly diluted shareholders by 54.56% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 11.6M shares outstanding

12M 41M
Mar 30, 2026

10-K filing | 12.0M shares outstanding

12M 41M
Nov 13, 2025

10-Q filing | 11.3M shares outstanding

11M 41M
Aug 13, 2025

10-Q filing | 8.3M shares outstanding

8.3M 41M
May 15, 2025

10-Q filing | 8.1M shares outstanding

8.1M 41M
Mar 31, 2025

10-K filing | 7.5M shares outstanding

7.5M 41M
Nov 14, 2024

10-Q filing | 8.0M shares outstanding

8M 41M
Sep 06, 2024

POS AM filing: This prospectus relates to the resale of up to 3,333,333 shares of our common stock by YA II PN, LTD.

8M 41M
Aug 14, 2024

10-Q filing | 7.9M shares outstanding

7.9M 350M
May 15, 2024

10-Q filing | 7.9M shares outstanding

7.9M 350M
Mar 29, 2024

10-K filing | 7.8M shares outstanding

7.8M 350M
Dec 12, 2023

POS AM filing: This is a Post-Effective Amendment No. 1 to a registration statement on Form S-3 filed by Xos, Inc. The amendment terminates the effectiveness of the registration statement and removes from registration any and all securities of the Company registered but unsold under the Registration Statement as of the date hereof.

180M 350M
Nov 09, 2023

10-Q filing | 176.3M shares outstanding

180M 350M
Aug 11, 2023

10-Q filing | 171.0M shares outstanding

170M 350M
Aug 08, 2023

POS AM filing: This Post-Effective Amendment No. 2 relates to the registration statement on Form S-3 (File No. 333-264258) of Xos, Inc., which was initially filed with the Securities and Exchange Commission on April 13, 2022 and amended on February 2, 2023, registering up to 16,160,214 Shares of the Company's common stock.

180M 350M
Jul 27, 2023

S-1 filing: This prospectus relates to the resale of up to 100,000,000 shares of common stock by YA II PN, LTD., a Cayman Islands exempt limited partnership.

180M 350M
May 30, 2023

S-3 filing: The filing is an S-3 registration statement for a shelf offering, allowing the company to offer and sell up to $100,000,000 of common stock, preferred stock, debt securities, warrants, or units.

170M 41M
May 11, 2023

10-Q filing | 168.8M shares outstanding

170M 41M
Mar 31, 2023

10-K filing | 165.3M shares outstanding

170M 41M
Feb 02, 2023

POS AM filing: The filing registers 18,833,298 shares of Common Stock including shares of Common Stock issuable upon the exercise of warrants.

170M 41M
Feb 02, 2023

POS AM filing: This is a POS AM filing to register up to 16,160,214 shares of common stock for resale by YA II PN, LTD., and to register shares that may be issued under a standby equity purchase agreement for up to $125,000,000.

170M 41M
Nov 10, 2022

10-Q filing | 165.9M shares outstanding

170M 57M
Sep 30, 2022

S-3 filing: This S-3 filing describes a redemption feature for public warrants, allowing the company to redeem the warrants when the common stock price reaches $10.00 or higher, potentially below the warrant's exercise price of $11.50.

160M 57M
Sep 08, 2022

S-3 filing: Registration of common stock issuable from the conversion of convertible debentures.

160M 57M
Aug 11, 2022

10-Q filing | 164.0M shares outstanding

160M 57M
May 09, 2022

10-Q filing | 163.2M shares outstanding

160M 57M
Apr 13, 2022

S-1 filing: This S-1 filing relates to the resale of up to 16,160,214 shares of common stock by YA II PN, LTD., with the company potentially receiving up to $125,000,000 from sales of common stock to the Selling Securityholder.

160M 57M
Apr 06, 2022

POS AM filing: This POS AM filing by Xos, Inc. includes the issuance of common stock upon exercise of warrants and resale of common stock and warrants by selling securityholders.

160M 41M
Mar 30, 2022

10-K filing | 163.2M shares outstanding

160M 210M
Mar 28, 2022

8-K filing: Xos, Inc. entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. (Yorkville) to sell up to $125,000,000 of its shares of common stock and issued 18,582 commitment shares to Yorkville.

150M 210M
Nov 12, 2021

10-Q filing | 148.8M shares outstanding

150M 210M
Sep 14, 2021

S-1 filing: This S-1 filing registers the primary issuance of common stock (including shares issuable upon exercise of warrants) and the resale of common stock and warrants by selling securityholders of Xos, Inc.

160M 210M
Aug 18, 2021

8-K filing: NextGen's shareholders elected to redeem approximately 29,886,116 Class A ordinary shares.

38M 41M
Aug 17, 2021

10-Q filing | 37.5M shares outstanding

38M 41M
May 26, 2021

10-Q filing | 37.5M shares outstanding

38M 41M
Mar 31, 2021

10-K filing | 37.5M shares outstanding

38M 41M
Feb 22, 2021

8-K filing: NextGen Acquisition Corporation entered into a merger agreement with Xos, Inc., and concurrently entered into subscription agreements with PIPE Investors for 22,000,000 shares of NextGen Common Stock at an aggregate purchase price of $220,000,000, with the PIPE Investment to be consummated substantially concurrently with the Closing. ($220.0M proceeds)

38M 41M
Nov 20, 2020

10-Q filing | 37.5M shares outstanding

38M 41M
Nov 17, 2020

8-K filing: NextGen Acquisition Corporation completed the sale of 2,500,000 units at $10.00 per unit, generating gross proceeds of $25,000,000, and the sale of 333,334 private placement warrants for gross proceeds of $500,000. ($25.5M proceeds)

10M 41M
Oct 15, 2020

8-K filing: NextGen Acquisition Corporation consummated its initial public offering of 35,000,000 units at $10.00 per unit, generating gross proceeds of $350,000,000, and completed the private sale of 6,000,000 warrants to its sponsor for $1.50 per warrant, generating gross proceeds of $9,000,000. ($359.0M proceeds)

10M 41M
Oct 09, 2020

8-K filing: NextGen Acquisition Corporation consummated its initial public offering of 35,000,000 units at $10.00 per unit, generating gross proceeds of $350,000,000, and also completed a private sale of 6,000,000 warrants to its sponsor for $1.50 per warrant, generating gross proceeds of $9,000,000. ($359.0M proceeds)

10M 41M
Oct 05, 2020

S-1/A filing: NextGen Acquisition Corporation is offering 35,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant in an initial public offering.

10M 41M
Sep 18, 2020

S-1 filing: NextGen Acquisition Corporation is offering 35,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant, in an initial public offering.

10M 41M
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