Expion360 (XPON) Operating Expenses (2021 - 2026)

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

Expion360 (XPON) Operating Expenses (2021 - 2026) Analysis & Trends

Expion360's Operating Expenses history runs 6 years deep, the most recent figure standing at $2.2 million for Q1 2026.

  • Quarterly Operating Expenses rose 31.38% year-over-year to $2.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.6 million (up 88.59% YoY) and the FY2025 annual result came in at $12.0 million, up 67.25% from the prior year.
  • Operating Expenses was $2.2 million for Q1 2026 at Expion360, 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.
  • A 5-year average of $2.1 million and a median of $1.8 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 767.6% — and 2023, when it sank 61.67%.
  • Expion360's Operating Expenses stood at $1.8 million in 2022, then surged by 35.17% to $2.4 million in 2023, then plunged by 32.02% to $1.6 million in 2024, then surged by 201.05% to $4.9 million in 2025, then sank by 55.54% to $2.2 million in 2026.
  • Business Quant data shows XPON's Operating Expenses at $2.2 million in Q1 2026, $4.9 million in Q4 2025, and $3.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Electrovaya 424.38 Bn 424.36 Bn 6.04 Mn 2.76 Mn
2 Vertiv Holdings 116.45 Bn 113.95 Bn 999.70 Mn 451.80 Mn
3 Bloom Energy 61.23 Bn 58.77 Bn 225.54 Mn 153.35 Mn
4 Hubbell 25.93 Bn 25.43 Bn 505.30 Mn 241.50 Mn
5 nVent Electric 25.66 Bn 25.47 Bn 445.60 Mn 249.90 Mn
6 Advanced Energy Industries 11.88 Bn 11.18 Bn 200.90 Mn 132.60 Mn
7 Acuity Inc. (De) 9.90 Bn 9.48 Bn 606.40 Mn 413.10 Mn
8 Powell Industries 9.42 Bn 8.87 Bn 87.94 Mn 30.13 Mn
9 EnerSys 7.49 Bn 7.05 Bn 290.87 Mn 589.73 Mn
10 Expion360 2.24 Mn -812,999.50 396,076.00 2.17 Mn

Historic Data

Download Data
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