Expion360 (XPON) Gross Margin (2021 - 2026)
Expion360 (XPON) reported Gross Margin of 25.29% for Q1 2026, up 82.0% on a YoY basis from 13.9% in Q1 2025, and up 270.5% quarter-over-quarter from 14.84% in Q4 2025.
Expion360 (XPON) Gross Margin (2021 - 2026) Analysis & Trends
Expion360 has reported Gross Margin for 6 years, with the latest figure at 25.29% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 82.0% year-over-year to 25.29%; the trailing twelve-month figure through Mar 2026 stood at 13.44% (down 796.0% YoY), and the FY2025 full-year result was 13.86%, down 668.0% from the prior year.
- Gross Margin for Q1 2026 stood at 25.29%, up from 14.84% in the prior quarter.
- The five-year high for Gross Margin was 39.99% in Q1 2022, with the low at 14.84% in Q4 2025.
- Historically, Gross Margin has averaged 22.89% across 5 years, with a median of 24.47% in 2025.
- The largest YoY upside for Gross Margin was 1053 bps in 2025 against a maximum downside of 3692 bps in 2025.
- Expion360's Gross Margin 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 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 37.73% |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 30.03% |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 35.88% |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 33.32% |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 39.32% |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 29.65% |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.77% |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 49.29% |
| 10 | Expion360 | 4.99 Mn | 1.89 Mn | 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% |