Expion360 (XPON) Gross Margin (2021 - 2026)
Expion360's (XPON) quarterly Gross Margin came in at 25.29% in Q1 2026, up 82.0% YoY from 13.9% in Q1 2025, and up 270.5% on a QoQ basis from 14.84% in Q4 2025.
Expion360 (XPON) Gross Margin (2021 - 2026) Analysis & Trends
Expion360 (XPON) has 6 years of Gross Margin data on file, last reported at 25.29% in 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 grew to 25.29% in Q1 2026, from 14.84% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 39.99% in Q1 2022 to a low of 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.
- The widest YoY moves for Gross Margin: up 1053 bps in 2025, down 3692 bps in 2025.
- Tracing XPON's Gross Margin over 5 years: stood at 22.32% in 2022, then gained by 7 bps to 23.89% in 2023, then decreased by 8 bps to 22.09% in 2024, then sank by 167 bps to 14.84% in 2025, then surged by 270 bps to 25.29% in 2026.
- The last three Gross Margin figures came in at 25.29% (Q1 2026), 14.84% (Q4 2025), and 22.67% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertiv Holdings | 99.92 Bn | 96.81 Bn | 1.23 Bn | 37.71% |
| 2 | Bloom Energy | 57.49 Bn | 54.82 Bn | 355.57 Mn | 33.38% |
| 3 | Hubbell | 24.85 Bn | 24.45 Bn | 613.00 Mn | 35.81% |
| 4 | nVent Electric | 24.78 Bn | 24.53 Bn | 558.00 Mn | 37.93% |
| 5 | Advanced Energy Industries | 11.07 Bn | 9.65 Bn | 236.10 Mn | 41.13% |
| 6 | Acuity Inc. (De) | 10.33 Bn | 9.92 Bn | 606.40 Mn | 50.62% |
| 7 | Powell Industries | 7.19 Bn | 6.56 Bn | 95.30 Mn | 30.57% |
| 8 | EnerSys | 6.92 Bn | 6.39 Bn | 313.36 Mn | 33.49% |
| 9 | Plug Power | 3.23 Bn | 2.91 Bn | -1.68 Mn | -0.94% |
| 10 | Expion360 | 3.45 Mn | 1.91 Mn | 658,266.00 | 32.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.43% |
| 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% |