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Expion Energy cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$1.5M in Q2 2026 · −$7.1M over twelve months

Operating cash flow−$1.5M
Free cash flow−$1.5M
Cash conversion cycle151 days

Analysis

In Q2 2026, Expion Energy generated −$1.5M of operating cash flow. That is $1.1M less than in Q2 2025 (−$401K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$7.1M; the largest uses were operating cash flow ($7.1M), net borrowing (+) / repaid (−) ($57K); besides operations, cash came from other financing ($5.7M), shares issued ($2.3M); the cash balance rose by $855K.

Operating cash flow was −$1.5M against net income of −$1.3M. The largest differences: inventory +$310K, payables −$71K, stock-based pay +$52K.

Its cash conversion cycle was 151 days (receivables 28 + inventory 149 − payables 25).

Free cash flow

Expion Energy: free cash flow by quarterExpion Energy: free cash flow by quarter−$3.2MQ3 2024−$2.9MQ4 2024−$1.2MQ1 2025−$401KQ2 2025−$2.1MQ3 2025−$2.4MQ4 2025−$1.1MQ1 2026−$1.5MQ2 2026
Operating cash flow less capital spending.
Expion Energy: operating cash flow against capital spendingExpion Energy: operating cash flow against capital spendingOperating cash flowCapital spending−$3.2M$0Q3 2024−$2.9M$0Q4 2024−$1.2M$0Q1 2025−$401K$0Q2 2025−$2.1M$0Q3 2025−$2.4M$0Q4 2025−$1.1M$0Q1 2026−$1.5M$0Q2 2026
Latest (Q2 2026): Operating cash flow −$1.5M, Capital spending $0.

Capital allocation, year by year

Expion Energy: where the cash came from (up) and went (down), by fiscal yearExpion Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$3.9MFY2021: Net borrowing $2.8MFY2021: Shares issued $838KFY2021: Capital spending −$114K$3.6MFY2021FY2022: Operating cash flow −$5.5MFY2022: Net borrowing −$2.3MFY2022: Shares issued $14.8MFY2022: Capital spending −$567K$14.8MFY2022FY2023: Operating cash flow −$5.5MFY2023: Net borrowing −$161KFY2023: Asset sales $37KFY2023: Capital spending −$20K$37KFY2023FY2024: Operating cash flow −$9.6MFY2024: Net borrowing −$119KFY2024: Shares issued $9.5MFY2024: Asset sales $133K$9.6MFY2024FY2025: Operating cash flow −$6.1MFY2025: Net borrowing −$33KFY2025: Shares issued $2.9MFY2025: Asset sales $4K$2.9MFY2025
Over these 5 years operating cash flow totalled −$30.6M; the largest uses were operating cash flow ($30.6M) and net borrowing ($2.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.5M
Debt$156K
Net cash$1.4M
Due within a year$31K
Cash runway3 months

Expion Energy is burning cash: its operations consume cash, a free cash flow of −$7.1M a year at the current rate against $1.5M of cash and investments: a runway of about 3 months; $31K of debt also comes due within a year, which would need refinancing or new money before any new financing.

Expion Energy: debt maturities by year (FY2025)Expion Energy: debt maturities by year (FY2025)$31KYear 1$30KYear 2$8KYear 3$4KYear 4$4KYear 5$120KAfter year 5
Principal due in each year as disclosed in the annual report, against $1.5M of cash and investments now.

Where the cash came from and went

Expion Energy: sources (+) and uses (−) of cash, Q2 2026Expion Energy: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$1.5MOperating cash flow−$1.5MNet borrowing (+) / repaid (−)−$33KShares issued−$3KAsset & business sales$2KNot reconciled−$2K
Expion Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Expion Energy: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$7.1MOther financing$5.7MShares issued$2.3MCash drawn (+) / kept (−)−$855KNet borrowing (+) / repaid (−)−$57KAsset & business sales$4KNot reconciled−$4K

From profit to cash

Expion Energy: net income to operating cash flow, Q2 2026Expion Energy: net income to operating cash flow, Q2 2026Net income−$1.3MDepreciation & amortization$25KStock-based pay$52KInventory$310KPayables−$71KAccrued liabilities−$32KOperating cash flow−$1.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20262814925151
Q1 20263820432210
Q4 20252711717127
Q3 20252521830213
Q2 20252021520215
Q1 20252631621322
Q4 20242424420248
Q3 20242625329251

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$1.5M−$33K−$3K$1.5M−$1.5M
Q1 2026−$1.1M−$8K$1.2M−$87K−$1.1M
Q4 2025−$2.4M−$8K$1.1M$1.3M−$2.4M
Q3 2025−$2.1M−$8K—−$3.6M−$2.1M
Q2 2025−$401K−$8K—$408K−$401K
Q1 2025−$1.2M−$8K$1.8M−$545K−$1.2M
Q4 2024−$2.9M−$10K—$2.8M−$2.9M
Q3 2024−$3.2M−$8K$8.7M−$2.4M−$3.2M

Expion Energy: income statement and cash flow

Expion Energy, Q2 2026: revenue $2.0M (-32% year over year), operating margin -64.1%. The chart follows the revenue to costs, profit and cash.

Expion Energy: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.