Every 10-Q that Expion Energy, Inc. (XPON) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XPON and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XPON filings page.
Expion360 Inc. designs and sells lithium iron phosphate batteries for RV, marine and industrial uses and reported continued losses for the three and six months ended June 30, 2026. Net sales were $2.0 million for the quarter and $3.6 million for the first half of 2026, down from $5.0 million in the prior-year period, while net loss widened to $3.0 million for the six months versus $2.5 million a year earlier.
Total assets were $6.1 million, including $1.5 million of cash and cash equivalents, against total liabilities of $1.3 million. Operating cash outflows were $2.6 million in the first half, and accumulated deficit reached $43.9 million. Management states these recurring losses, negative operating cash flows and limited cash balance raise substantial doubt about the company’s ability to continue as a going concern within 12 months.
The company has 953,192 common shares outstanding and continues to rely on equity financing, including an at-the-market program that raised about $1.2 million in the first half of 2026 and prior public and private offerings with warrants. Expion360 highlights customer concentration, heavy use of Asian suppliers, and tariff exposure, while also noting expanded OEM relationships and new product launches. A one-for-12 reverse stock split in July 2026 helped Restore compliance with Nasdaq’s minimum bid price requirement.
Expion360 Inc. reports Q1 2026 results with net sales of $1.6 million and a net loss of $1.8 million, and discloses substantial doubt about its ability to continue as a going concern. Revenue declined 24% year over year as the company exited certain low‑margin accessory resales and some OEM customers reduced orders due to elevated inventory levels.
Gross margin was 25.3%, roughly flat versus the prior year, while selling, general and administrative expenses rose to $2.2 million, significantly widening the operating loss. Expion360 used $1.1 million of cash in operating activities but ended the quarter with $3.1 million of cash and cash equivalents, helped by raising about $1.2 million through an at‑the‑market stock program.
The company continues to incur recurring losses and negative operating cash flows and has an accumulated deficit of $42.6 million as of March 31, 2026. It is pursuing additional capital, cost controls, and supply‑chain initiatives, but its auditors highlight that these conditions create substantial doubt about its ability to remain a going concern. Expion360 also received a Nasdaq notice for falling below the $1.00 minimum bid price and has until July 28, 2026 to regain compliance.
Expion360 Inc. reported Q3 2025 results showing stronger sales and a one‑time swing to profitability. Net sales were $2,393,192, up from $1,389,495 a year ago, with gross profit of $542,483. Operating loss was $3,002,183, but other income of $3,725,013 led to net income of $722,792 ($0.10 diluted EPS). The other income reflects the removal of a suspended cash true‑up liability tied to prior warrant terms.
For the nine months, net sales reached $7,432,470 and net loss was $1,798,066. Cash and cash equivalents were $4,293,797, total assets $10,689,001, and stockholders’ equity $9,012,065 as of September 30, 2025. Current liabilities were $1,041,972 and long‑term debt totaled $205,575.
Management disclosed that recurring losses and cash needs raise substantial doubt about the company’s ability to continue as a going concern. Three customers accounted for approximately 52% of Q3 sales and 61% of accounts receivable as of quarter end. As of November 13, 2025, 9,656,739 common shares were outstanding.
Expion360 reported meaningful sales growth but remains loss-making with material liquidity and listing risks. Net sales rose to $2.99 million for the three months ended June 30, 2025, up 134% from $1.28 million a year earlier, and to $5.04 million for the six months, up 124% versus 2024. Gross profit improved, and net loss narrowed to $1.37 million for the quarter (a 38% improvement) and $2.52 million for six months (a 43% improvement). Cash and cash equivalents were $684,920 at June 30, 2025, and the company carried an accumulated deficit of $37.1 million. Management disclosed substantial doubt about the company’s ability to continue as a going concern. The company completed a January 2025 public offering that generated $2.60 million gross ($1.78 million net) and used $500,000 toward a suspended reverse-split cash true-up, leaving a suspended liability of $4.49 million. Customer concentration remains high (two customers = ~53% of quarterly sales). On July 1, 2025 Nasdaq staff determined the company failed the $1.00 minimum bid price rule and initiated delisting proceedings; a hearing is scheduled for August 19, 2025.