Expion360 Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Expion360 has an operating margin of -120.1%, meaning the company retains $-120 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -119.9% the prior year.
Expion360's revenue declined 6% year-over-year, from $6.0M to $5.6M. This contraction results in a growth score of 12/100.
Expion360 carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Expion360's current ratio of 1.34 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Expion360 passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Expion360 generates $0.71 in operating cash flow (-$9.6M OCF vs -$13.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Expion360 earns $-6.9 in operating income for every $1 of interest expense (-$6.8M vs $977K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Expion360 (XPON) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Expion360 generated $5.6M in revenue in fiscal year 2024. This represents a decrease of 6.0% from the prior year.
Expion360's EBITDA was -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.5% from the prior year.
Expion360 reported -$13.5M in net income in fiscal year 2024. This represents a decrease of 80.8% from the prior year.
Expion360 earned $-21.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 80.6% from the prior year.
Expion360 held $548K in cash against $198K in long-term debt as of fiscal year 2024.
Expion360 had 2M shares outstanding in fiscal year 2024. This represents an increase of 2927.7% from the prior year.
Expion360's gross margin was 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 5.8 percentage points from the prior year.
Expion360's operating margin was -120.1% in fiscal year 2024, reflecting core business profitability. This is down 0.2 percentage points from the prior year.
Expion360's net profit margin was -239.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 115.0 percentage points from the prior year.
Expion360 invested $295K in research and development in fiscal year 2024. This represents a decrease of 25.7% from the prior year.
XPON Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4M-20.0% | $3.0M+45.9% | $2.0M+3.2% | $2.0M+55.3% | $1.3M+31.5% | $972K+13.2% | $859K-54.6% | $1.9M |
| Cost of Revenue | $1.9M-21.8% | $2.4M+53.0% | $1.5M+0.1% | $1.5M+62.4% | $953K+27.1% | $749K+14.6% | $654K-53.9% | $1.4M |
| Gross Profit | $542K-12.9% | $623K+24.1% | $502K+14.4% | $439K+34.7% | $325K+46.3% | $223K+8.5% | $205K-56.6% | $473K |
| R&D Expenses | $74K-5.8% | $79K-30.7% | $114K+66.3% | $68K-17.4% | $83K+9.7% | $76K-7.1% | $81K-44.0% | $145K |
| SG&A Expenses | $3.5M+79.7% | $2.0M+19.6% | $1.6M+1.9% | $1.6M-19.2% | $2.0M-8.5% | $2.2M-8.1% | $2.4M+4.0% | $2.3M |
| Operating Income | -$3.0M-122.4% | -$1.4M-17.6% | -$1.1M+2.8% | -$1.2M+29.7% | -$1.7M+14.6% | -$2.0M+9.6% | -$2.2M-19.7% | -$1.8M |
| Interest Expense | -$4K-21.6% | -$4K+35.6% | -$6K+98.9% | -$512K-104.2% | -$251K-198.9% | $253K+680.7% | $32K+18.0% | $27K |
| Income Tax | $38+2.7% | $37-2.6% | $38+101.3% | -$3K-736.5% | $4600.0% | $460 | N/A | $1K |
| Net Income | $723K+152.8% | -$1.4M-18.8% | -$1.2M-357.8% | -$252K+88.7% | -$2.2M-1.2% | -$2.2M-0.3% | -$2.2M-20.5% | -$1.8M |
| EPS (Diluted) | $0.10+124.4% | $-0.41-10.8% | $-0.37-100.6% | $65.02 | $-30.20 | $-31.30 | N/A | $-26.25 |
XPON Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.7M+24.2% | $8.6M-6.9% | $9.2M+1.5% | $9.1M+4.0% | $8.8M-12.6% | $10.0M-15.9% | $11.9M+1.9% | $11.7M |
| Current Assets | $9.6M+29.6% | $7.4M-8.7% | $8.1M+3.0% | $7.8M+41.2% | $5.6M-16.3% | $6.6M-19.7% | $8.3M+5.1% | $7.9M |
| Cash & Equivalents | $4.3M+526.9% | $685K-37.3% | $1.1M+99.5% | $548K-39.3% | $902K-60.1% | $2.3M-42.5% | $3.9M+35.1% | $2.9M |
| Inventory | $3.6M-29.3% | $5.1M-14.9% | $6.0M+24.9% | $4.8M+43.7% | $3.4M-11.1% | $3.8M-1.2% | $3.8M-8.0% | $4.2M |
| Accounts Receivable | $568K-20.6% | $716K+20.8% | $593K-3.3% | $613K+73.7% | $353K+47.8% | $239K+54.2% | $155K-67.3% | $473K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.7M-74.4% | $6.5M+8.1% | $6.0M-8.2% | $6.6M+5.7% | $6.2M-1.7% | $6.3M-3.3% | $6.6M+35.1% | $4.9M |
| Current Liabilities | $1.0M-82.1% | $5.8M+8.0% | $5.4M-8.0% | $5.8M+44.4% | $4.0M+0.8% | $4.0M0.0% | $4.0M+104.4% | $2.0M |
| Long-Term Debt | $175K-4.3% | $183K-4.1% | $191K-4.0% | $198K-8.0% | $216K-3.7% | $224K-25.0% | $298K-4.2% | $311K |
| Total Equity | $9.0M+336.0% | $2.1M-35.3% | $3.2M+26.9% | $2.5M-0.3% | $2.5M-31.3% | $3.7M-31.3% | $5.3M-21.7% | $6.8M |
| Retained Earnings | -$36.4M+1.9% | -$37.1M-3.8% | -$35.7M-3.3% | -$34.6M-35.5% | -$25.5M-9.5% | -$23.3M-10.4% | -$21.1M-11.6% | -$18.9M |
XPON Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.1M-422.6% | -$401K+67.4% | -$1.2M+57.8% | -$2.9M-68.0% | -$1.7M-3.7% | -$1.7M-26.3% | -$1.3M-92.9% | -$686K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $11K | $0+100.0% | -$14K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$1.7M-27.1% | -$1.3M-89.0% | -$700K |
| Investing Cash Flow | $0-100.0% | $2K-45.5% | $3K+131.8% | -$9K | $0-100.0% | $77K | $0-100.0% | $13K |
| Financing Cash Flow | $5.7M+69451.1% | -$8K-100.5% | $1.8M+1127.8% | $144K-61.4% | $374K+599.5% | -$75K-103.2% | $2.3M+19610.2% | -$12K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
XPON Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.7%+1.9pp | 20.8%-3.7pp | 24.5%+2.4pp | 22.1%-3.4pp | 25.5%+2.6pp | 22.9%-1.0pp | 23.9%-1.1pp | 25.0% |
| Operating Margin | -125.4%-80.3pp | -45.2%+10.9pp | -56.0%+3.4pp | -59.5%+71.9pp | -131.3%+71.0pp | -202.4%+51.1pp | -253.5%-157.3pp | -96.2% |
| Net Margin | 30.2%+76.0pp | -45.8%+10.4pp | -56.2%-43.5pp | -12.7%+161.0pp | -173.7%+51.9pp | -225.6%+28.9pp | -254.6%-158.6pp | -96.0% |
| Return on Equity | 8.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 6.8%+22.7pp | -15.9%-3.4pp | -12.5%-9.7pp | -2.8%+22.6pp | -25.4%-3.5pp | -21.9%-3.5pp | -18.4%-2.8pp | -15.5% |
| Current Ratio | 9.18+7.9 | 1.27-0.2 | 1.50+0.2 | 1.34-0.0 | 1.37-0.3 | 1.65-0.4 | 2.06-1.9 | 4.00 |
| Debt-to-Equity | 0.02-0.1 | 0.09+0.0 | 0.06-0.0 | 0.080.0 | 0.09+0.0 | 0.060.0 | 0.06+0.0 | 0.05 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -173.1%-19.0pp | -154.1%-117.1pp | -37.0% |
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Frequently Asked Questions
What is Expion360's annual revenue?
Expion360 (XPON) reported $5.6M in total revenue for fiscal year 2024. This represents a -6.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Expion360's revenue growing?
Expion360 (XPON) revenue declined by 6% year-over-year, from $6.0M to $5.6M in fiscal year 2024.
Is Expion360 profitable?
No, Expion360 (XPON) reported a net income of -$13.5M in fiscal year 2024, with a net profit margin of -239.6%.
What is Expion360's earnings per share (EPS)?
Expion360 (XPON) reported diluted earnings per share of $-21.03 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Expion360's EBITDA?
Expion360 (XPON) had EBITDA of -$6.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Expion360 have?
As of fiscal year 2024, Expion360 (XPON) had $548K in cash and equivalents against $198K in long-term debt.
What is Expion360's gross margin?
Expion360 (XPON) had a gross margin of 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Expion360's operating margin?
Expion360 (XPON) had an operating margin of -120.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Expion360's net profit margin?
Expion360 (XPON) had a net profit margin of -239.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Expion360's operating cash flow?
Expion360 (XPON) generated -$9.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Expion360's total assets?
Expion360 (XPON) had $9.1M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Expion360 spend on research and development?
Expion360 (XPON) invested $295K in research and development during fiscal year 2024.
How many shares does Expion360 have outstanding?
Expion360 (XPON) had 2M shares outstanding as of fiscal year 2024.
What is Expion360's current ratio?
Expion360 (XPON) had a current ratio of 1.34 as of fiscal year 2024, which is considered adequate.
What is Expion360's debt-to-equity ratio?
Expion360 (XPON) had a debt-to-equity ratio of 0.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Expion360's return on assets (ROA)?
Expion360 (XPON) had a return on assets of -148.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Expion360's cash runway?
Based on fiscal year 2024 data, Expion360 (XPON) had $548K in cash against an annual operating cash burn of $9.6M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Expion360's Piotroski F-Score?
Expion360 (XPON) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Expion360's earnings high quality?
Expion360 (XPON) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Expion360 cover its interest payments?
Expion360 (XPON) has an interest coverage ratio of -6.9x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Expion360?
Expion360 (XPON) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.