XL — Stock Film
STOCK FILMSCENE 1/12XL · $1.14
Stock Expert AI presents
XL
XL Fleet Corp
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
XL Fleet Corp. What it actually does.

Develops and sells hybrid electric drive systems for commercial vehicles. Offers plug-in hybrid electric drive systems for commercial vehicles. Now — the numbers.

on the stock market since 2019
177 employees
$164.4M market value
WHERE DOES THE MONEY COME FROM?
84%PPA Revenue
PPA RevenueServices 8%Product and Service, Other 8%
84% of all revenue comes from a single line: PPA Revenue.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$111.8M
The loss that same year:
$26M
For every $1 it earns, the company spends $1.2.

The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.

In the vault right now:
$54.8M
DEBT: $681.9M
At this pace, that money lasts about 2.1 years.

Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.

Every quarter, analysts set a profit bar.
How many of the last 5 did the company clear?
4 / 5
EXPECTATIONS MET OR BEATEN
4
Mar 2021
Aug 2022
4 TIMES IN THE LAST 5 QUARTERS
It clears the bar, quarter after quarter.
THE PRICE TAG
MARKET VALUE / ANNUAL SALES
1.5×

This company is not turning a profit, so the market is pricing its sales instead: 1.5× for every dollar of annual revenue.

No analyst target is on record for this company.

What executives did with their own stock over the last 12 months:
43 buy19 sell

Executives buying with their own money is usually read as confidence in the company’s future.

THE FIVE-YEAR JOURNEY
A long and steep decline.

An investor who bought at the very peak is down 94% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.

1
THE BRIGHT SIDE · 1/3
Sales keep climbing

Over the last 1 years, sales grew about 36% a year on average.

2
THE BRIGHT SIDE · 2/3
The product is selling

Sales run at $111.8M a year. A small number, but proof the product has real buyers.

3
THE BRIGHT SIDE · 3/3
Executives are buying their own stock

Over the last 12 months, company executives reported 43 buys and 19 sells. Management buying with its own money is usually read as a good sign.

1
THE RISKS · 1/2
Running at a loss

A loss of $26.0M against $111.8M in annual sales.

2
THE RISKS · 2/2
The cash has a countdown

At the current pace of spending, the cash lasts about 2.1 years. After that, the company needs to find new money.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

What would you like to do next?
Open the stock page →

Not covered, because the filings we hold do not carry it: the growth trend.

This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film