Growth Metrics

Expion360 (XPON) Operating Expenses (2021 - 2026)

Expion360 posted quarterly Operating Expenses of $2.2 million for Q1 2026, up 31.38% year-on-year from $1.6 million in Q1 2025, and down 55.54% on a QoQ basis from $4.9 million in Q4 2025.

Expion360 (XPON) has 6 years of Operating Expenses data on file, last reported at $2.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 31.38% year-over-year to $2.2 million; the trailing twelve-month figure through Mar 2026 stood at $12.6 million (up 88.59% YoY), and the FY2025 full-year result was $12.0 million, up 67.25% from the prior year.
  • Operating Expenses for Q1 2026 stood at $2.2 million, down from $4.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $4.9 million in Q4 2025 and bottomed at $299831.0 in Q1 2023.
  • The 5-year median for Operating Expenses is $1.8 million (2022), against an average of $2.1 million.
  • The widest annual swing landed in 2022, when Operating Expenses jumped 767.6%; it then plunged 61.67% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $1.8 million in 2022, then jumped by 35.17% to $2.4 million in 2023, then sank by 32.02% to $1.6 million in 2024, then jumped by 201.05% to $4.9 million in 2025, then slumped by 55.54% to $2.2 million in 2026.
  • The last three Operating Expenses figures came in at $2.2 million (Q1 2026), $4.9 million (Q4 2025), and $3.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vertiv Holdings 125.39 Bn 122.89 Bn 999.70 Mn 451.80 Mn
2 Bloom Energy 85.22 Bn 82.75 Bn 225.54 Mn 153.35 Mn
3 nVent Electric 26.63 Bn 26.44 Bn 445.60 Mn 249.90 Mn
4 Hubbell 25.22 Bn 24.72 Bn 505.30 Mn 241.50 Mn
5 Advanced Energy Industries 12.25 Bn 12.25 Bn 200.90 Mn 132.60 Mn
6 Powell Industries 10.16 Bn 9.61 Bn 87.94 Mn 30.13 Mn
7 Acuity Inc. (De) 8.82 Bn 8.55 Bn 520.40 Mn 387.40 Mn
8 EnerSys 8.70 Bn 8.26 Bn 290.87 Mn 19.72 Mn
9 Plug Power 5.25 Bn 4.87 Bn -21.61 Mn 87.88 Mn
10 Expion360 5.48 Mn 2.38 Mn 396,076.00 2.17 Mn

Historic Data

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DateValue
Mar 31, 2026 2.17 Mn
Dec 31, 2025 4.87 Mn
Sep 30, 2025 3.54 Mn
Jun 30, 2025 1.97 Mn
Mar 31, 2025 1.65 Mn
Dec 31, 2024 1.62 Mn
Sep 30, 2024 1.70 Mn
Jun 30, 2024 1.70 Mn
Mar 31, 2024 2.19 Mn
Dec 31, 2023 2.38 Mn
Sep 30, 2023 2.29 Mn
Jun 30, 2023 1.39 Mn
Mar 31, 2023 299,831.00
Dec 31, 2022 1.76 Mn
Sep 30, 2022 1.66 Mn
Jun 30, 2022 3.62 Mn
Mar 31, 2022 362,182.00
Dec 31, 2021 1.45 Mn
Sep 30, 2021 725,529.00
Jun 30, 2021 417,426.00
Mar 31, 2021 317,415.00