Expion360 Inc. (XPON) Income Statement
XPON 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXPON revenue and net income
Where XPON's revenue goes
2025Each bar shows an amount and its share of revenue. XPON kept −64.6% of revenue as net income.
XPON profit margins
XPON growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +71.6% | +10.5% | +43.8% | — |
| Gross profit | +15.8% | −16.4% | +34.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XPON quarterly EPS vs estimates
Expion360 beat the analyst EPS estimate in 3 of the last 5 quarters. Next report: November 12, 2026.
XPON income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.7M | $5.6M | $6.0M | $7.2M | $4.5M | $1.6M | $1.4M |
| Cost of revenue | $8.3M | $4.5M | $4.4M | $4.9M | $2.9M | $1.3M | $917,163 |
| Gross profit | $1.3M | $1.2M | $1.6M | $2.3M | $1.6M | $302,967 | $495,536 |
| Research & development | $558,882 | $295,292 | $397,662 | $278,382 | $58,544 | $126,218 | $17,319 |
| Sales, general & admin | $11.4M | $7.5M | $8.2M | $7.8M | $2.8M | $930,640 | $580,280 |
| Total operating expenses | $12.0M | $7.9M | $8.7M | $8.2M | $2.9M | $1.1M | $597,599 |
| Operating income | −$10.7M | −$6.8M | −$7.2M | −$6.0M | −$1.3M | −$753,891 | −$102,063 |
| Interest income | $16,147 | $86,121 | $101,026 | $239 | $169 | $851 | $5 |
| Interest expense | $20,226 | $976,618 | $124,511 | $1.6M | $554,044 | $196,887 | $99,065 |
| Income before taxes | −$6.2M | −$13.5M | −$7.5M | −$7.5M | −$4.7M | −$874,501 | −$201,123 |
| Income taxes | $150 | −$1,548 | $3,293 | −$8,850 | $9,300 | $1,979 | $150 |
| Net income | −$6.2M | −$13.5M | −$7.5M | −$7.5M | −$4.7M | −$876,480 | −$201,273 |
| EBITDA | −$6.1M | −$12.3M | −$7.1M | −$5.8M | −$4.1M | −$661,038 | −$88,273 |
| EPS (diluted) | −$6.13 | −$1026.72 | −$912.31 | −$1.74 | — | — | — |
| Gross margin | 13.9% | 20.5% | 26.3% | 31.9% | 36.4% | 19.3% | 35.1% |
| Operating margin | −110.9% | −120.1% | −119.9% | −83.1% | −28.0% | −48.0% | −7.2% |
| Net margin | −64.6% | −239.6% | −124.7% | −105.2% | −104.5% | −55.8% | −14.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0M | $1.6M | $2.2M | $2.4M | $3.0M | $2.0M | $2.0M | $1.4M | $1.3M | $971,859 | $858,719 | $1.9M |
| Cost of revenue | $1.4M | $1.2M | $2.5M | $1.9M | $2.4M | $1.5M | $1.6M | $1.2M | $952,646 | $794,116 | $700,950 | $1.4M |
| Gross profit | $658,266 | $372,706 | −$329,262 | $542,483 | $622,610 | $501,567 | $409,120 | $168,691 | $325,463 | $177,743 | $157,769 | $472,563 |
| Research & development | $59,232 | $142,960 | $262,495 | $74,209 | $78,816 | $113,740 | $66,510 | $68,617 | $84,663 | $75,502 | $81,293 | $145,111 |
| Sales, general & admin | $2.0M | $2.0M | $4.6M | $3.4M | $1.8M | $1.5M | $1.5M | $2.0M | $1.9M | $2.1M | $2.3M | $2.1M |
| Total operating expenses | $2.0M | $2.1M | $4.9M | $3.5M | $2.0M | $1.6M | $1.6M | $2.1M | $2.0M | $2.1M | $2.3M | $2.3M |
| Operating income | −$1.3M | −$1.8M | −$5.2M | −$3.0M | −$1.4M | −$1.1M | −$1.2M | −$1.9M | −$1.7M | −$2.0M | −$2.2M | −$1.8M |
| Interest income | $13,350 | $14,316 | $16,123 | $23 | $0 | $1 | $26,072 | $14,589 | $18,596 | $26,865 | $24,909 | $33,048 |
| Interest expense | $3,196 | $5,519 | $6,470 | $4,439 | $3,649 | $5,668 | $5,057 | $467,715 | $250,560 | $253,286 | $32,444 | $27,491 |
| Income before taxes | −$1.3M | −$1.8M | −$4.4M | $722,830 | −$1.4M | −$1.2M | −$254,574 | −$8.8M | −$2.2M | −$2.2M | −$2.2M | −$1.8M |
| Income taxes | — | $26 | $37 | $38 | $37 | $38 | −$2,927 | $460 | $460 | $460 | $1,951 | $1,380 |
| Net income | −$1.3M | −$1.8M | −$4.4M | $722,792 | −$1.4M | −$1.2M | −$251,647 | −$8.8M | −$2.2M | −$2.2M | −$2.2M | −$1.8M |
| EBITDA | −$1.3M | −$1.7M | −$4.4M | $753,667 | −$1.3M | −$1.1M | −$215,416 | −$8.3M | −$1.9M | −$1.9M | −$2.1M | −$1.7M |
| EPS (diluted) | −$1.34 | −$2.02 | −$5.44 | $0.10 | −$0.41 | −$0.37 | −$0.12 | −$294.60 | −$360.00 | −$372.00 | −$0.31 | −$312.00 |
| Gross margin | 32.4% | 23.8% | −14.8% | 22.7% | 20.8% | 24.5% | 20.6% | 12.1% | 25.5% | 18.3% | 18.4% | 25.0% |
| Operating margin | −64.1% | −113.1% | −234.4% | −125.4% | −45.2% | −56.0% | −59.5% | −138.7% | −131.4% | −202.4% | −253.5% | −96.2% |
| Net margin | −63.1% | −112.5% | −199.9% | 30.2% | −45.8% | −56.2% | −12.7% | −634.4% | −173.7% | −225.6% | −254.6% | −96.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XPON's financial statements (latest annual report filed March 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XPON financial results
In fiscal year 2025 (ended December 31, 2025), Expion360 reported revenue of $9.7 million, up 71.6% from the year before. It had a net loss of $6.2 million, a net profit margin of −64.6%. Diluted earnings per share came to −$6.13. Over five years revenue grew at an average rate of 43.8% a year.
See the XPON stock overview for the latest quote and news, or the XPON chart for price history and technical indicators.
XPON income statement FAQ
What is Expion360's annual revenue?
Expion360 reported total revenue of $9.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 71.6% from $5.6 million the previous year.
Is Expion360 profitable?
No. Expion360 reported a net loss of $6.2 million in fiscal 2025, a net profit margin of −64.6%; its operating margin was −110.9%.
What is Expion360's gross margin?
Expion360's gross margin was 13.9% in fiscal 2025: for every $100 of revenue, Expion360 kept $14 after the direct cost of its products and services.
How much does Expion360 spend on research and development?
Expion360 spent $0.6 million on research and development in fiscal 2025, 5.8% of revenue.
How fast is Expion360 growing?
Revenue grew 43.8% a year on average over the last five fiscal years, from $1.6 million to $9.7 million.
What are Expion360's earnings per share?
Expion360 earned $-6.13 per diluted share in fiscal 2025, compared with $-1026.72 a year earlier.
When will Expion360 report its next earnings?
Expion360 is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does Expion360's fiscal year end?
Expion360's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 17, 2026.