XPON Expion Energy, Inc.

Overview and Growth

Expion Energy, Inc. generated $9.65M of revenue in fiscal 2025, with net loss of $6.24M and an operating cash outflow of $6.15M. The $9.65M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 71.6% above fiscal 2024 revenue of $5.62M, marking a year-over-year increase. The company reported diluted EPS of -$1.13, adding a shareholder-level measure to the absolute income figures considered below. The company employed $8.07M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 1.2x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $1.34M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 13.9% of revenue, showing how much of the top line remained after direct costs. The company recorded an operating loss of $10.70M after the reported operating expense base. Relative to revenue, the operating deficit measured 110.9%, showing the shortfall after operating costs. The bottom-line result was a net loss of $6.24M after operating, financing, tax, and other recognized items. The net loss equaled 64.6% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported negative EBITDA of $10.59M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Before income taxes, the company recorded a loss of $6.24M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 64.6%. Income tax expense totaled $150.00, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 95.4% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 77.3%. Compared with a $13.48M net loss in fiscal 2024, the current loss improved to $6.24M.

Liquidity and Capital Structure

The company held $8.07M of assets against $1.54M of liabilities and $6.54M of equity, revealing how the asset base was financed. Current assets were $7.04M against $996.94K of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 7.07x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $2.97M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 297.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $197.25K, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.03x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 2.4%, showing how much of the asset base was matched by borrowing. Book equity represented 81.0% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 19.0%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 36.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $9.11M in fiscal 2024, the current asset base moved 11.4% and finished lower. Reported equity changed 159.5% from $2.52M in fiscal 2024, placing the current capital base higher year over year. The reported cash balance changed 442.2% from $547.57K in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $6.15M, rather than cash generation from operations. Compared with a $9.56M operating cash outflow in fiscal 2024, the current outflow improved to $6.15M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.