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Expion360 Inc. (XPON) Fundamental Analysis & AI Grade 2026

XPON Nasdaq Miscellaneous Electrical Machinery, Equipment & Supplies NV CIK: 0001894954
Updated This Month • Analysis: May 23, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
88% Confidence
N/A
D
88% Conf
Pending
Analysis scheduled

📊 XPON Key Takeaways

Revenue: $1.6M
Net Margin: -112.5%
Free Cash Flow: $-1.1M
Current Ratio: 6.44x
Debt/Equity: 0.03x
EPS: $-0.17
AI Grade: D with 88% confidence
Expion360 Inc. (XPON) receives a D fundamental grade with 88% confidence from our AI analysis based on SEC 10-K filings. With revenue of $1.6M, net profit margin of -112.5%, and return on equity (ROE) of -29.1%, Expion360 Inc. demonstrates mixed fundamentals in the Utilities sector. Below is our complete XPON stock analysis for 2026.

Is Expion360 Inc. (XPON) a Good Investment?

Claude

Expion360 exhibits critical fundamental distress despite 71.6% revenue growth, with operating losses of $1.8M against only $1.6M in revenue, resulting in a -113% operating margin that indicates a fundamentally broken unit economics model. With negative operating cash flow of $1.1M annually and $3.1M in cash, the company has approximately 2.8 years of runway before insolvency, with no visible path to profitability and zero insider activity suggesting management lacks confidence in turnaround prospects.

Expion360 Inc. Key Strengths (XPON)

Claude
  • + Strong revenue growth of 71.6% YoY demonstrates market demand
  • + Solid balance sheet with low debt (D/E 0.03x) and $3.1M cash provides runway
  • + Positive gross margin of 25.3% indicates viable product gross profitability

XPON Stock Risks: Expion360 Inc. Investment Risks

Claude
  • ! Catastrophic operating losses ($1.8M) exceed total revenue, with -113% operating margin indicating business model failure
  • ! Severe cash burn of $1.1M annually against limited $3.1M cash reserves provides only ~2.8 years runway
  • ! Zero Form 4 filings in 90 days indicates no insider confidence in company recovery
  • ! Negative free cash flow of $1.1M (-72.7% FCF margin) while minimal capex ($10.6K) suggests no reinvestment in growth infrastructure
  • ! Interest coverage ratio of -7.0x reflects inability to service debt from operations

Key Metrics to Watch

Claude
  • * Operating margin improvement trajectory and path to breakeven
  • * Cash burn rate and operating cash flow trend in next 2-3 quarters
  • * Gross margin sustainability as revenue scales
  • * Operating expense reduction relative to revenue growth

Expion360 Inc. (XPON) Financial Metrics & Key Ratios

Revenue
$1.6M
Net Income
$-1.8M
EPS (Diluted)
$-0.17
Free Cash Flow
$-1.1M
Total Assets
$7.5M
Cash Position
$3.1M

💡 AI Analyst Insight

Strong liquidity with a 6.44x current ratio provides a solid financial cushion.

XPON Profit Margin, ROE & Profitability Analysis

Gross Margin 25.3%
Operating Margin -113.1%
Net Margin -112.5%
ROE -29.1%
ROA -23.4%
FCF Margin -72.7%

XPON vs Utilities Sector: How Expion360 Inc. Compares

How Expion360 Inc. compares to Utilities sector averages

Net Margin
XPON -112.5%
vs
Sector Avg 12.0%
XPON Sector
ROE
XPON -29.1%
vs
Sector Avg 10.0%
XPON Sector
Current Ratio
XPON 6.4x
vs
Sector Avg 0.8x
XPON Sector
Debt/Equity
XPON 0.0x
vs
Sector Avg 1.4x
XPON Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Expion360 Inc. Stock Overvalued? XPON Valuation Analysis 2026

Based on fundamental analysis, Expion360 Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
-29.1%
Sector avg: 10%
Net Profit Margin
-112.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.03x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Expion360 Inc. Balance Sheet: XPON Debt, Cash & Liquidity

Current Ratio
6.44x
Quick Ratio
4.07x
Debt/Equity
0.03x
Debt/Assets
19.7%
Interest Coverage
-6.99x
Long-term Debt
$189.7K

XPON Revenue & Earnings Growth: 5-Year Financial Trend

XPON 5-year financial data: Year 2022: Revenue $7.2M, Net Income -$4.7M, EPS N/A. Year 2023: Revenue $7.2M, Net Income -$7.5M, EPS N/A. Year 2024: Revenue $6.0M, Net Income -$7.5M, EPS $-108.25. Year 2025: Revenue $9.7M, Net Income -$13.5M, EPS $-21.03.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Expion360 Inc.'s revenue has grown significantly by 35% over the 5-year period, indicating strong business expansion. The most recent EPS of $-21.03 indicates the company is currently unprofitable.

XPON Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-72.7%
Free cash flow / Revenue

XPON Quarterly Earnings & Performance

Quarterly financial performance data for Expion360 Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $1.6M -$1.2M $-0.17
Q3 2025 $1.4M $722.8K $0.10
Q2 2025 $1.3M -$1.2M $-0.41
Q1 2025 $971.9K -$1.2M $-0.37
Q3 2024 $1.4M -$1.5M $-24.55
Q2 2024 $1.3M -$1.5M $-0.21
Q1 2024 $971.9K -$2.0M N/A
Q3 2023 $1.4M -$696.9K N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Expion360 Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$1.1M
Cash generated from operations
Capital Expenditures
$10.6K
Investment in assets
Dividends
None
No dividend program

XPON SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Expion360 Inc. (CIK: 0001894954)

📋 Recent SEC Filings

Date Form Document Action
May 15, 2026 10-Q xpon_10q.htm View →
May 15, 2026 8-K xpon_8k.htm View →
Apr 30, 2026 10-K/A xpon_10ka.htm View →
Mar 17, 2026 10-K xpon_10k.htm View →
Mar 17, 2026 8-K xpon_8k.htm View →

Frequently Asked Questions about XPON

What is the AI rating for XPON?

Expion360 Inc. (XPON) has an AI grade of D with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are XPON's key strengths?

Claude: Strong revenue growth of 71.6% YoY demonstrates market demand. Solid balance sheet with low debt (D/E 0.03x) and $3.1M cash provides runway.

What are the risks of investing in XPON?

Claude: Catastrophic operating losses ($1.8M) exceed total revenue, with -113% operating margin indicating business model failure. Severe cash burn of $1.1M annually against limited $3.1M cash reserves provides only ~2.8 years runway.

What is XPON's revenue and growth?

Expion360 Inc. reported revenue of $1.6M.

Does XPON pay dividends?

Expion360 Inc. does not currently pay dividends.

Where can I find XPON SEC filings?

Official SEC filings for Expion360 Inc. (CIK: 0001894954) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is XPON's EPS?

Expion360 Inc. has a diluted EPS of $-0.17.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is XPON's fundamental grade?

Based on our AI fundamental analysis in June 2026, Expion360 Inc. has a D grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is XPON stock overvalued or undervalued?

Valuation metrics for XPON: ROE of -29.1% (sector avg: 10%), net margin of -112.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is XPON's AI grade for 2026?

Our dual AI analysis gives Expion360 Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is XPON's free cash flow?

Expion360 Inc.'s operating cash flow is $-1.1M, with capital expenditures of $10.6K. FCF margin is -72.7%.

How does XPON compare to other Utilities stocks?

Vs Utilities sector averages: Net margin -112.5% (avg: 12%), ROE -29.1% (avg: 10%), current ratio 6.44 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 23, 2026 | Data as of: 2026-03-31 | Powered by Claude AI