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Expion Energy (XPON) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Expion Energy (XPON) Q2 2026 earnings results →
Q2 2026 Revenue down 32% year over year to $2.0M · 63¢ of every $1 of revenue lost · operating margin -64.1%
Expion Energy made $2.0M in Q2 2026 (-32% Y/Y). Operating margin -64.1%, net loss $1.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.0M in Q2 2026, down 32% year over year and up 30% from the previous quarter.
Gross margin was 32.4%, up 11.6 points from Q2 2025. Operating costs exceeded revenue by $1.3M, an operating margin of -64.1%. Operating expenses fell 1% while revenue fell 32%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $1.8M loss.
Operating cash flow was −$1.5M. Non-cash charges added back $25K of depreciation and $52K of share-based compensation. Working capital and other items used $275K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $2.0M | -32% | -64.1% | −$1.3M | −$1.5M |
| Q1 2026 | 10-Q | May 15, 2026 | $1.6M | -24% | -113.1% | −$1.8M | −$1.1M |
| Q4 2025 | 10-K | Mar 17, 2026 | $2.2M | +12% | -234.4% | −$4.4M | −$2.4M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $2.4M | +72% | -125.4% | $723K | −$2.1M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $3.0M | +134% | -45.2% | −$1.4M | −$401K |
| Q1 2025 | 10-Q | May 15, 2025 | $2.0M | +111% | -56.0% | −$1.2M | −$1.2M |
| Q4 2024 | 10-K | Mar 31, 2025 | $2.0M | +131% | -59.5% | −$252K | −$2.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Expion Energy
Expion360 focuses on the design, assembly, manufacturing, and sale of lithium iron phosphate (“LiFePO4”) batteries and supporting accessories for recreational vehicles (“RVs”), marine, and industrial applications. Our high-powered lithium battery solutions incorporate innovative concepts and have been designed to include some of the most dense and minimal-footprint batteries in the RV and marine industries. In addition, we deploy intellectual property strategies to support product development, enhance safety and performance, and strengthen relationships across our target markets. This includes design, development and collaboration, using our IP to bring safety, quality and service to our current customers and to build relationships with customers in a variety of industries.
In its own words, from its 10-K, filed Mar 17, 2026.
Expion Energy against its Miscellaneous Electrical Machinery, Equipment & Supplies peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -32% against the peers' median +8%. Operating margin: -64.1% against the peers' median 2.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XPON Expion Energy | Q2 2026 | $2.0M | -32% | -64.1% |
| ENS EnerSys | Q1 FY27 | $936M | +5% | 16.2% |
| ATKR Atkore | Q3 FY26 | $795M | +8% | 8.1% |
| SPB Spectrum Brands Holdings | Q3 FY26 | $753M | +8% | 2.1% |
| ENR Energizer Holdings | Q3 FY26 | $734M | +1% | 6.8% |
| FLNC Fluence Energy | Q3 FY26 | $650M | +8% | -6.7% |
| NOVT Novanta | Q2 2026 | $266M | +10% | 6.8% |
| CHPT ChargePoint Holdings | Q2 FY27 | $116M | +18% | -29.3% |
| MVST Microvast Holdings | Q2 2026 | $87.3M | -4% | -2.0% |
Source: Expion Energy 10-Q on SEC EDGAR · CIK 1894954 · Miscellaneous Electrical Machinery, Equipment & Supplies
More on XPON
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results