Expion360 Inc. (XPON) reported a net loss per share of $1.13 for the year ending December 31, 2025, down significantly from a loss of $21.03 the previous year. The company’s revenues increased by 72% to $9.7 million, compared to $5.6 million in 2024. Despite the strong revenue growth, Expion360’s shares have declined by 19.2% since the earnings report, compared to a 2.9% decline in the S&P 500 index.
For the fourth quarter, net sales rose 12% year over year to $2.2 million, although the company incurred a gross loss of $0.3 million, contrasted with a gross profit of $0.4 million in the same period in 2024. Management reported a significant increase in operating expenses, which totaled $12 million, leading to an overall net loss for the quarter of $4.4 million, up from $0.3 million in the previous year.
Cash and cash equivalents improved to $3 million by the end of 2025, up from $0.5 million at the end of 2024. Looking ahead, Expion360 plans to launch three next-generation battery models in the latter half of 2026 and expand into industrial applications, aiming to strengthen its market position in the energy sector.
