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XPON

Expion360 Inc.

XPON

Expion360 Inc. • NASDAQ
$1.16 ▲ 0.87% (+0.01)
Market Cap $4.21 M
52w High $5.50
52w Low $0.60
Dividend Yield 0%
P/E 0
Volume 281.56K
Outstanding Shares 3.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.393M ▼ $3.52M ▲ $722.792K ▲ 30.202% ▲ $0.12 ▲ $753.669K ▲
Q2-2025 $2.99M ▲ $1.973M ▲ $-1.369M ▼ -45.782% ▲ $-0.41 ▼ $-1.334M ▼
Q1-2025 $2.049M ▲ $1.649M ▲ $-1.152M ▼ -56.213% ▼ $-0.37 ▼ $-1.112M ▼
Q4-2024 $1.985M ▲ $1.59M ▼ $-251.647K ▲ -12.674% ▲ $-0.12 ▲ $-215.416K ▲
Q3-2024 $1.389M $2.096M $-8.815M -634.378% $-24.55 $-8.301M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.294M ▲ $10.689M ▲ $1.677M ▼ $9.012M ▲
Q2-2025 $684.92K ▼ $8.605M ▼ $6.538M ▲ $2.067M ▼
Q1-2025 $1.093M ▲ $9.242M ▲ $6.046M ▼ $3.197M ▲
Q4-2024 $547.565K ▼ $9.107M ▼ $6.589M ▼ $2.518M ▼
Q3-2024 $3.325M $10.129M $7.584M $2.545M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $722.792K ▲ $-2.095M ▼ $0 ▼ $5.704M ▲ $3.609M ▲ $-2.095M ▼
Q2-2025 $-1.369M ▼ $-400.962K ▲ $1.5K ▼ $-8.225K ▼ $-407.687K ▼ $-400.962K ▲
Q1-2025 $-1.152M ▼ $-1.229M ▲ $2.75K ▲ $1.771M ▲ $545.042K ▲ $-1.229M ▲
Q4-2024 $-251.647K ▲ $-2.913M ▲ $-8.653K ▼ $144.255K ▼ $-2.778M ▼ $-2.922M ▲
Q3-2024 $-8.815M $-3.243M $44.927K $5.621M $2.423M $-3.243M

Five-Year Company Overview

Income Statement

Income Statement The company is still in an early commercial stage. Revenue has been very small and fairly flat over the reported years, and it has not yet translated into meaningful gross profit. Operating and net losses have been consistent, reflecting a business that is still investing more in people, product, and overhead than it brings in from sales. The sharp swings in reported earnings per share look more related to changes in share count or capital structure than to a fundamental shift in the business. Recent commentary about rising sales and improving margins sounds promising, but that improvement is not yet visible in the historical figures provided.

Balance Sheet

Balance Sheet The balance sheet is very light, with a small base of total assets and limited cash. Equity is thin, which means there is not a large financial cushion to absorb setbacks. Debt has appeared and then declined again, so leverage is not a dominant feature, but the overall scale of the balance sheet is small. Taken together, this points to a company that likely depends on ongoing access to capital markets or new funding rounds as it grows, rather than on a strong internal balance sheet.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, which is typical for a young company still building scale. Free cash flow is also negative, but not because of big capital projects; rather, ongoing operating costs outweigh cash coming in from customers. This pattern underscores that the business is still in a build-out phase and is not yet self-funding. Future stability will hinge on either reaching profitable scale or continuing to secure outside financing to cover this cash burn.

Competitive Edge

Competitive Edge The company competes in the lithium battery space but focuses on specific niches such as recreational vehicles, marine applications, and now home and small-business energy storage. Its edge comes from a mix of proprietary cell design, smart monitoring software, advanced heating and safety features, long product warranties, and established dealer and OEM relationships. This creates some differentiation and customer stickiness. However, it operates in a highly competitive global battery market with much larger, better-funded rivals, so execution, brand-building, and scaling its distribution network are critical to sustaining any advantage.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. The firm has developed its own battery cell architecture, a smart app for real-time monitoring of entire battery banks, and a specialized internal heating system to improve performance in harsh conditions. It has pursued safety certifications that can open doors in regulated markets, and it is extending its technology into home energy storage and industrial uses. New products like the Edge battery and potential U.S.-based manufacturing partnerships show an ambition to move up the value chain and secure more control over technology and supply. The key question is not whether ideas exist, but how efficiently and profitably they can be commercialized at scale.

Summary

Overall, this is a small, innovation-led battery company that is still in the early stages of turning technology and product development into a durable, profitable business. The financials show modest revenue, persistent losses, and ongoing cash burn, with a lean balance sheet that leaves limited room for error. On the other hand, the company has carved out a focused niche, built differentiated products and software, and is pushing into faster-growing areas like home energy storage and industrial applications. The main opportunities lie in scaling sales, deepening OEM and dealer partnerships, and proving that its technology can command healthy margins over time. The main risks center on competition from larger players, the need for continued external funding, and execution challenges in moving from promising product roadmap to sustainable profitability.

NEWS

November 13, 2025 · 4:05 PM UTC

Expion360 Reports Third Quarter 2025 Financial and Operational Results

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October 28, 2025 · 8:31 AM UTC

Expion360 Appoints Joseph Hammer as Chief Executive Officer and Chairman of the Board

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September 8, 2025 · 4:03 PM UTC

Expion360 Appoints Shawna Bowin as Chief Financial Officer

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