Expion360 (XPON) Gross Margin (2021 - 2026)
Expion360 (XPON) posted Gross Margin of 25.29% for Q1 2026, up 270.5% on a QoQ basis from 14.84% in Q4 2025, and up 82.0% year-over-year from 13.9% in Q1 2025.
Expion360 (XPON) Gross Margin (2021 - 2026) Analysis & Trends
Expion360's Gross Margin history runs 6 years deep, the most recent figure standing at 25.29% for Q1 2026.
- Quarterly Gross Margin rose 82.0% year-over-year to 25.29% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.44% (down 796.0% YoY) and the FY2025 annual result came in at 13.86%, down 668.0% from the prior year.
- Gross Margin was 25.29% for Q1 2026 at Expion360, up from 14.84% in the prior quarter.
- Across five years, Gross Margin topped out at 39.99% in Q1 2022 and bottomed at 14.84% in Q4 2025.
- A 5-year average of 22.89% and a median of 24.47% in 2025 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 1053 bps in 2025, while the deepest fall reached 3692 bps in 2025.
- Expion360's Gross Margin stood at 22.32% in 2022, then climbed by 7 bps to 23.89% in 2023, then dropped by 8 bps to 22.09% in 2024, then tumbled by 167 bps to 14.84% in 2025, then jumped by 270 bps to 25.29% in 2026.
- Business Quant data shows XPON's Gross Margin at 25.29% in Q1 2026, 14.84% in Q4 2025, and 22.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Electrovaya | 424.38 Bn | 424.36 Bn | 6.04 Mn | 33.45% |
| 2 | Vertiv Holdings | 116.45 Bn | 113.95 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 61.23 Bn | 58.77 Bn | 225.54 Mn | 30.03% |
| 4 | Hubbell | 25.93 Bn | 25.43 Bn | 505.30 Mn | 33.32% |
| 5 | nVent Electric | 25.66 Bn | 25.47 Bn | 445.60 Mn | 35.88% |
| 6 | Advanced Energy Industries | 11.88 Bn | 11.18 Bn | 200.90 Mn | 39.32% |
| 7 | Acuity Inc. (De) | 9.90 Bn | 9.48 Bn | 606.40 Mn | 50.62% |
| 8 | Powell Industries | 9.42 Bn | 8.87 Bn | 87.94 Mn | 29.65% |
| 9 | EnerSys | 7.49 Bn | 7.05 Bn | 290.87 Mn | 29.44% |
| 10 | Expion360 | 2.24 Mn | -812,999.50 | 396,076.00 | 25.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.29% |
| Dec 31, 2025 | -14.84% |
| Sep 30, 2025 | 22.67% |
| Jun 30, 2025 | 20.82% |
| Mar 31, 2025 | 24.47% |
| Dec 31, 2024 | 22.09% |
| Sep 30, 2024 | 12.14% |
| Jun 30, 2024 | 25.46% |
| Mar 31, 2024 | 22.90% |
| Dec 31, 2023 | 23.89% |
| Sep 30, 2023 | 25.00% |
| Jun 30, 2023 | 26.34% |
| Mar 31, 2023 | 29.42% |
| Dec 31, 2022 | 22.32% |
| Sep 30, 2022 | 29.13% |
| Jun 30, 2022 | 32.07% |
| Mar 31, 2022 | 39.99% |
| Dec 31, 2021 | 35.20% |
| Sep 30, 2021 | 40.13% |
| Jun 30, 2021 | 37.86% |