Expion360 (XPON) Q4 2025 earnings summary

Executive summary

• FY 2025 net sales rose 72% year-over-year to $9.7 million, driven by strong demand for battery products and expansion into new markets.

• Gross profit increased 16% to $1.3 million, with sales growth in premium LiFePO4 batteries and accessories, especially in the RV market.

• Net loss improved to $6.2 million from $13.5 million in 2024, reflecting higher sales and removal of a suspended liability.

• Cash and cash equivalents increased to $3.0 million, and working capital rose to $6.0 million as of year-end 2025.

• Strategic leadership changes and partnerships set the stage for entry into industrial and construction markets.

Financial highlights

• Net sales for 2025: $9.7 million, up from $5.6 million in 2024.

• Gross profit: $1.3 million, up from $1.2 million; gross margin fell to 14% from 21% due to a one-time obsolete inventory adjustment.

• Net loss: $6.2 million, improved from $13.5 million in 2024.

• SG&A expenses: $12.0 million, up 52% year-over-year, but down as a percentage of sales.

• Cash used in operations: $6.1 million, down from $9.6 million in 2024.

Outlook and guidance

• Three new next-generation lithium battery models to launch in the second half of 2026, targeting industrial and commercial applications.

• Focus on expanding OEM partnerships and entering adjacent verticals, including construction and industrial sectors.

• Continued innovation in battery technology, modular platforms, and energy management systems.