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Expion Energy vs Evolution Metals & Technologies: XPON and EMAT compared
Expion Energy is the larger company: $2.0M of revenue in its latest quarter (Q2 2026) against $1.6M for Evolution Metals & Technologies (Q2 2026). Expion Energy is more profitable, with an operating margin of -64.1% against -744.9%.
Where the money goes: XPON and EMAT
Expion Energy (XPON) · Q2 2026
Expion Energy, Q2 2026: revenue $2.0M (-32% year over year), operating margin -64.1%, net loss $1.3M, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
Evolution Metals & Technologies (EMAT) · Q2 2026
Evolution Metals & Technologies, Q2 2026: revenue $1.6M, operating margin -744.9%, net loss $11.9M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| Expion Energy (XPON) | Evolution Metals & Technologies (EMAT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $2.0M | $1.6M |
| Revenue growth, Y/Y | -32% | — |
| Operating margin | -64.1% | -744.9% |
| Net earnings | −$1.3M | −$11.9M |
| Net margin | -63.1% | -728.0% |
| Operating cash flow | −$1.5M | −$9.2M |
Where the revenue comes from
Evolution Metals & Technologies
- Korean Domestic Sales: $1.6M (97%)
- Export Sales: $49K (3%)
Questions
Which is bigger, Expion Energy or Evolution Metals & Technologies?
Expion Energy is the larger company: $2.0M of revenue in its latest quarter (Q2 2026) against $1.6M for Evolution Metals & Technologies (Q2 2026).
Is Expion Energy or Evolution Metals & Technologies growing faster?
Expion Energy is more profitable, with an operating margin of -64.1% against -744.9%.
More: Expion Energy earnings · how Expion Energy makes money · Evolution Metals & Technologies earnings · how Evolution Metals & Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Aug 17, 2026). Fiscal quarters can end on different dates. Not investment advice.