XOS — what changed in the latest 10-Q
A section-by-section comparison of XOS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-13 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +38 | −28 | ~24 | 35 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | +5 | −6 | ~6 | 7 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | −2 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-13
On May 8, 2026, the Company and Aljomaih Automotive Co. (“Aljomaih”) amended the Convertible Promissory Note (as amended from time to time, the “Convertible Note”) to reduce the conversion price from $71.451 per share to $12.00 per share of Common Stock (subject to customary proportional adjustment)…
The Public Warrants, which have an exercise price of $345.00 per whole share, subject to adjustments, and are listed on the Nasdaq Capital Market with trading symbol “XOSWW,” will expire on August 20, 2026 or earlier upon their redemption or liquidation, and will cease trading on or prior to their e…
The U.S. trade policy environment has shifted materially since our last filing. Tariff measures imposed under Sections 232 and 301 remain in effect, and the scope and rates of these measures continue to evolve. Effective January 1, 2026, Section 301 tariff rates on certain products imported from Chi…
These overlapping and evolving tariff regimes have introduced significant volatility into our cost structure and procurement planning, particularly for power electronics, batteries and battery components, and structural materials. Uncertainty regarding implementation timelines, product coverage, app…
diversified our supply base by qualifying alternative suppliers in jurisdictions with lower tariff exposure;
Text removed vs the prior filing · source: 10-Q · 2026-05-14
On August 8, 2025, the Company and Aljomaih Automotive Co. (“Aljomaih”) amended the Convertible Promissory Note (as amended from time to time, the “Convertible Note”) primarily (i) to provide for payment of Interest Shares (as defined in the Convertible Note) with respect to all interest accrued thr…
On May 8, 2026, the Company and Aljomaih further amended the Convertible Note to reduce the conversion price from $71.451 per share to $12.00 per share of Common Stock (subject to customary proportional adjustment), and to add a mandatory conversion feature pursuant to which the Company may compel t…
The U.S. trade policy environment has shifted materially since our last filing. The U.S. Supreme Court's February 2026 ruling invalidating the U.S. International Emergency Economic Powers Act (“IEEPA”) based tariffs has prompted the Administration to re-anchor tariff measures under different statuto…
(unfair trade practices), supplemented in the near term by a 15% temporary global import surcharge (non-automotive) under Section 122 of the Trade Act of 1974 currently set to expire on or around July 24, 2026. Tariffs imposed under Section 232, including a 25% duty on certain semiconductors and adv…
These overlapping and evolving tariff regimes have introduced significant volatility into our cost structure and procurement planning, particularly with respect to power electronics, battery components, and structural materials. The uncertainty around tariff implementation timelines, the scope of ne…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-13
During the period ended June 30, 2026, management identified an additional material weakness related to the improper recording of vendor accrued inventory purchases, including instances in which accruals were overstated due to deficiencies in the purchase-to-pay process.
Management believes these material weaknesses resulted from limited resources within our accounting and operations functions, which restricted its ability to timely identify, evaluate, and address technical accounting and disclosure matters affecting the consolidated financial statements. As part of…
Based on the results of our evaluation and the material weaknesses described above, management concluded that the Company’s internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of annual and i…
Designing and implementing a precise control, using existing personnel, to ensure the proper recording of vendor accrued purchases, and coordination with our supply chain team to monitor aged purchase orders; and
Engaging external consultants with expertise in public company internal control compliance to assist in assessing and implementing additional controls related to revenue recognition.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Management’s Annual Report on Internal Controls over Financial Reporting
Management is responsible for designing, implementing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) under the Exchange Act. Our management, including the Chief Executive Officer and Chief Financial Officer, recognizes that our disclosur…
Our management assessed the effectiveness of our internal control over financial reporting as of March 31, 2026 and, in making this assessment, used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework (2013 fr…
Management believes these material weaknesses resulted from limited resources within our accounting and operations functions, which restricted its ability to timely identify, evaluate, and address technical accounting and disclosure matters affecting the consolidated financial statements. As part of…
Based on the results of our evaluation and the material weaknesses described above, management concluded that the Company’s internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of annual and i…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-13
On May 26, 2026, Dakota Semler, our Chief Executive Officer and chairman of our board of directors, terminated the previously disclosed Rule 10b5-1 trading arrangement, adopted December 30, 2025, with respect to the potential sale of up to an aggregate of 245,000 shares of our Common Stock, that was…
On June 30, 2026, Giordano Sordoni, our Chief Operating Officer and a member of our board of directors, entered into a Rule 10b5-1 trading arrangement (the “Sordoni Arrangement”) with respect to the potential sale of up to an aggregate of 883,125 shares of our Common Stock, that is intended to satis…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Principal Financial Officer and Principal Accounting Officer)
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice