Saturday 17 October 2026 Export XPON’s income statement to Excel — free account

Expion Energy, Inc.

XPON Industrials Electrical Equipment & Parts

Expion Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.7 million, up 71.6% from fiscal 2024. In the quarter to June 2026, revenue fell 32.1%, EPS grew 72.8%, free cash flow fell 270.3% and total debt fell 26.9%, each against the same quarter a year earlier.

3.85 0.08 −2.04%

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Market cap: $4.0M
P/E: 0.0×
Fwd P/E: −0.4×
Dividend yield: —
F-score: 4/9
Altman Z: −7.90
Beneish M: −1.49
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 32.84%

Capital & Financial Ratios $m

Market Cap 3.98

Revenue 8.21

Net Income (6.76)

Free Cash Flow (7.13)

Net Debt (1.38)

Current Ratio 5.55

Debt/Equity 0.03

P/E ratio 0.00

Fwd P/E (0.35)

P/S ratio 0.45

P/B ratio 0.76

Past 5Y EPS Growth —

This Y EPS Growth 74.64%

Next Y EPS Growth 91.60%

Next Y revenue growth 58.10%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 26.14%

10-year low 10-year high

P/B against its own 10 years 26.40%

10-year low 10-year high

EV/Sales against its own 10 years 24.88%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	4	1	3	2
Receivables	0	1	1	1
Inventory	4	5	3	2
Other	—	—	—	—
	8	8	7	5

	2023	2024	2025	Q'26
Payables	0	0	0	0
ST’ Debt	1	0	0	0
Other	0	5	0	0
	4	6	1	1

Compound Annual Growth %

	10y	5y	3y
Sales	—	43.76%	10.45%
Cash Flow	—	0.00%	0.00%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	(17.42%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2	2	—	—	—
’25	2	3	2	2	10
’24	1	1	1	2	6
’23	2	2	2	1	6
’22	2	2	1	1	7
’21	1	1	1	1	5
’20	—	—	1	0	2

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(1)	—	—	—
’25	(1)	0	(2)	(2)	(6)
’24	(2)	(2)	(3)	(3)	(10)
’23	(1)	(2)	(1)	(1)	(6)
’22	1	(3)	(2)	(1)	(5)
’21	0	(1)	(2)	(1)	(4)
’20	—	—	—	(1)	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(1)	—	—	—
’25	(1)	0	(2)	(2)	(6)
’24	(2)	(2)	(3)	(3)	(9)
’23	(1)	(2)	(1)	(1)	(6)
’22	0	(3)	(2)	(1)	(6)
’21	0	(1)	(2)	(1)	(4)
’20	—	—	—	(1)	(1)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(2.04)	(1.34)	—	—	—
’25	(4.44)	(4.92)	1.20	(8.40)	(13.56)
’24	(372.15)	(360.14)	(294.72)	778.58	(252.46)
’23	(348.14)	(252.10)	(312.12)	(372.15)	(1.30k)
’22	(192.08)	(744.30)	(228.09)	(240.10)	(1.48k)
’21	(118.61)	(59.02)	(159.63)	(1.62k)	(1.96k)
’20	—	—	—	—	(432.82)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	1,080.00	1,632.00	21.12	7.20	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	13,548.00	8,580.00	6,528.00	66.00
People
People	Employees	—	—	—	—	—	21	25	23	20	22
	Revenue/emp, $m	—	—	—	0.00	0.00	0.22	0.29	0.26	0.28	0.44
Income, $m
Income, $m	Revenue	—	—	—	1	2	5	7	6	6	10
	Gross margin, %	—	—	—	35.07	19.28	36.43	31.95	26.34	20.54	13.86
	EBT	—	—	—	0	(1)	(5)	(8)	(7)	(13)	(6)
	EBT margin, %	—	—	—	(14.24)	(55.64)	(104.30)	(105.34)	(124.61)	(239.67)	(64.60)
	Net income	—	0	—	0	(1)	(5)	(8)	(7)	(13)	(6)
	Depreciation	—	—	—	0	0	0	1	0	1	0
Per share, $
Per share, $	Revenue	—	—	—	0.22	785.85	1,882.29	1,404.47	1,049.32	105.34	21.02
	Earnings	—	—	—	(0.03)	(432.82)	(1,956.78)	(1,476.59)	(1,296.52)	(252.46)	(13.56)
	Cash flow	—	—	—	(0.02)	(561.30)	(1,623.67)	(1,072.27)	(970.39)	(179.07)	(13.39)
	Capex	—	—	—	0.00	(18.40)	(47.37)	(101.12)	2.91	2.12	0.01
	Free cash flow	—	—	—	(0.02)	(579.70)	(1,671.04)	(1,173.39)	(967.47)	(176.95)	(13.38)
	Book value	—	—	—	(0.08)	(689.85)	940.21	2,275.88	938.54	47.16	14.24
	Shares, m	—	—	—	6	0	0	0	0	0	0
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	—	—	—	5.92	5.92	5.92	1.81	5.73	0.27	0.39
	P/B	—	—	—	21.97	21.97	21.97	1.12	6.41	0.61	0.57
	EV/Sales	—	—	—	6.20	6.20	6.20	0.99	5.26	0.22	0.10
	EV/FCF	—	—	—	(11.17)	(11.17)	(11.17)	(1.19)	(5.70)	(0.13)	(0.16)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	0	(1)	(4)	(5)	(6)	(10)	(6)
	Capex	—	—	—	0	0	0	(1)	0	0	0
	Free cash flow	—	—	—	0	(1)	(4)	(6)	(6)	(9)	(6)
Balance, $m
Balance, $m	Working capital	—	—	—	1	0	3	11	4	2	6
	Total debt	—	—	—	1	2	2	1	1	0	0
	Net debt	—	—	—	1	2	1	(6)	(3)	0	(3)
	Shareholders’ equity	—	—	—	(1)	(1)	2	12	5	3	7
Returns, %
Returns, %	ROA	—	—	—	(47.99)	(71.75)	(116.13)	(64.90)	(52.13)	(128.30)	(72.59)
	ROIC	—	—	—	0.00	(60.91)	(21.41)	(64.81)	(177.21)	(191.80)	(177.73)
	ROE	—	—	—	21.38	93.10	(1,076.85)	(108.72)	(87.95)	(342.64)	(137.73)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
EPOW E-Power Inc.	$8.5M	— (loss-making)	6.2×	+280.53% (above 0%: growing)	−216.67% (below 0%: shrinking)	−147.37% (below 0%: shrinking)	2.99%	0.00%	Compare
GWHT ESS Tech, Inc.	$6.3M	— (loss-making)	— (loss-making)	−96.90% (below 0%: shrinking)	n/m	+27.83% (above 0%: growing)	(10,165.75%)	(20,731.51%)	Compare
NXUR Nxu, Inc.	$6.1M	— (loss-making)	27.1×	−75.00% (below 0%: shrinking)	n/m	+61.06% (above 0%: growing)	(2,100.00%)	(256,000.00%)	Compare
DFLI Dragonfly Energy Holdings Corp.	$5.5M	— (loss-making)	— (loss-making)	−19.01% (below 0%: shrinking)	n/m	+47.29% (above 0%: growing)	33.00%	(22.03%)	Compare
CCTG CCSC Technology International Holdings Limited	$5.2M	—	—	—	—	−99.66% (below 0%: shrinking)	—	—	Compare
POLA Polar Power, Inc.	$4.1M	— (loss-making)	— (loss-making)	−62.37% (below 0%: shrinking)	n/m	+104.95% (above 0%: growing)	(33.07%)	(163.98%)	Compare
XPON Expion Energy, Inc.	$4.0M	— (loss-making)	— (loss-making)	−32.10% (below 0%: shrinking)	n/m	−270.31% (below 0%: shrinking)	32.43%	(64.10%)
ADNH Advent Technologies Holdings, Inc.	$3.0M	— (loss-making)	17.5×	−51.56% (below 0%: shrinking)	n/m	−96.29% (below 0%: shrinking)	(604.84%)	(3,829.03%)	Compare
ELPW Elong Power Holding Limited	$2.2M	—	—	—	n/m	+54.73% (above 0%: growing)	—	—	Compare
Median of peers	$5.3M	—	17.5×	−56.96%	—	+37.56%	(318.95%)	(1,996.50%)

All 52 Electrical Equipment & Parts stocks →

Expion Energy, Inc. (XPON) key facts

Strength: Expion Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.7 million, up 71.6% from fiscal 2024.
Expion Energy, Inc. (XPON) is an Electrical Equipment & Parts company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, XPON traded at $3.85, a market capitalization of $4.0 million.
Return on equity was −137.7% and debt-to-equity 0.03.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −7.90 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.