Filing Flows › Expion Energy (XPON) › Q1 2026
Expion Energy (XPON) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Expion Energy (XPON) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), -24% from a year earlier and -29% from the quarter before. Operating margin was -113.1%, net loss $1.8M (112.5% of revenue).
Expion Energy, Q1 2026: revenue $1.6M (-24% year over year), operating margin -113.1%, net loss $1.8M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | -29% | -24% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $1.6M in Q1 2026, down 24% year over year and down 29% from the previous quarter.
Gross margin was 25.3%, up 0.8 points from Q1 2025. Operating costs exceeded revenue by $1.8M, an operating margin of -113.1%. Operating expenses grew 31% against a revenue fall of 24%. The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $4.4M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $25K of depreciation and $53K of share-based compensation. Working capital and other items added $556K.
Questions
What was Expion Energy's revenue in the first quarter 2026?
Expion Energy (XPON) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), -24% from a year earlier and -29% from the quarter before.
Was Expion Energy profitable in the first quarter 2026?
Operating loss was $1.8M (-113.1% of revenue) and net loss $1.8M.
Source: Expion Energy 10-Q on SEC EDGAR.