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
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow −$1.5M, Capital spending $0.
Capital allocation, year by year
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.
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
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Quarter
Receivable days
Inventory days
Payable days
Cash conversion cycle
Q2 2026
28
149
25
151
Q1 2026
38
204
32
210
Q4 2025
27
117
17
127
Q3 2025
25
218
30
213
Q2 2025
20
215
20
215
Q1 2025
26
316
21
322
Q4 2024
24
244
20
248
Q3 2024
26
253
29
251
Every quarter
Quarter
Operating cash flow
Net borrowing (+) / repaid (−)
Shares issued
Cash 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.
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.