Filing Flows › Expion Energy (XPON) › Q3 2025
Expion Energy (XPON) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Expion Energy (XPON) reported revenue of $2.4M for the third quarter 2025 (Q3 2025), +72% from a year earlier and -20% from the quarter before. Operating margin was -125.4%, net earnings $723K (30.2% of revenue).
Expion Energy, Q3 2025: revenue $2.4M (+72% year over year), operating margin -125.4%, net earnings $723K, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4M | -20% | +72% |
| Operating profit | −$3.0M | — | — |
| Net earnings | $723K | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $2.4M in Q3 2025, up 72% year over year and down 20% from the previous quarter.
Gross margin was 22.7%, up 10.5 points from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -125.4%. Operating expenses grew 69% against revenue growth of 72%. Net earnings were $723K. The effective tax rate was 0.0%. Non-operating items added $3.7M, 515% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.1M. Non-cash charges added back $26K of depreciation and $268K of share-based compensation. Working capital and other items used $3.1M.
Questions
What was Expion Energy's revenue in the third quarter 2025?
Expion Energy (XPON) reported revenue of $2.4M for the third quarter 2025 (Q3 2025), +72% from a year earlier and -20% from the quarter before.
Was Expion Energy profitable in the third quarter 2025?
Operating loss was $3.0M (-125.4% of revenue) and net earnings $723K.
Source: Expion Energy 10-Q on SEC EDGAR.