Expion360 (XPON) Operating Expenses (2021 - 2026)
Expion360 (XPON) reported Operating Expenses of $2.2 million for Q1 2026, up 31.38% on a YoY basis from $1.6 million in Q1 2025, and down 55.54% quarter-over-quarter from $4.9 million in Q4 2025.
Expion360 (XPON) Operating Expenses (2021 - 2026) Analysis & Trends
Expion360 has reported Operating Expenses for 6 years, with the latest figure 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.
- The five-year high for Operating Expenses was $4.9 million in Q4 2025, with the low at $299831.0 in Q1 2023.
- Historically, Operating Expenses has averaged $2.1 million across 5 years, with a median of $1.8 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 767.6% — and 2023, when it slumped 61.67%.
- Expion360's Operating Expenses stood at $1.8 million in 2022, then soared by 35.17% to $2.4 million in 2023, then slumped by 32.02% to $1.6 million in 2024, then soared by 201.05% to $4.9 million in 2025, then tumbled 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 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 451.80 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 153.35 Mn |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 249.90 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 241.50 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 132.60 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 30.13 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 16.90 Mn |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 387.40 Mn |
| 10 | Expion360 | 4.99 Mn | 1.89 Mn | 396,076.00 | 2.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |