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
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