One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Expion Energy, Inc.
XPON · NCM · Industrials · Electrical Equipment & Parts
Current price
$4.66
52-week range
$2.77 - $21.60
Market cap
$4.44M
Balance sheet
Healthy
-529.20x Concerning
Net cash $838.63K. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Expion Energy, Inc.
Expion Energy makes and sells advanced lithium batteries and accessories for things like RVs, boats, and home energy storage systems. The company makes most of its revenue (the total money brought in from sales before any costs are taken out) by selling to dealers and other businesses that use Expion's batteries in their own products. This matters because as more things go electric, from homes to vehicles, the need for reliable energy storage is growing.
How the company got here
Expion Energy started in 2016 under the name Expion360, focusing on making powerful and long-lasting lithium batteries for things like RVs and boats. [5, 7, 11] For years, this was their main business, building a reputation in the outdoor and marine markets. [4] In a major strategic shift in August 2026, the company changed its name to Expion Energy and made a surprising move into a completely new field: oil and gas exploration. [9, 12] This turning point involved acquiring land leases in Louisiana and bringing in a new CEO (the person who runs the company) with a background in the energy sector to lead this new direction. [12, 18]
What it actually does
The company designs and sells advanced battery systems based on a technology called lithium iron phosphate, which are known for being lighter and lasting longer than traditional lead-acid batteries. [5, 17] You'd find their products powering recreational vehicles, boats, and golf carts, or even storing energy for a home. [5, 9] Alongside the batteries, they also sell a range of accessories needed to manage the power, such as battery monitors, chargers, and portable solar panels. [5] Recently, the company has also entered the energy industry and is now involved in exploring for oil and gas. [12]
Lithium Battery Solutions
This is the company's original and core business, where it designs and sells high-performance lithium batteries and accessories. Its main customers are dealers, wholesalers, and other companies that build products like RVs and boats, known as original equipment manufacturers (OEMs). [5, 17] These batteries are sold for use in recreational vehicles, marine applications, and for off-the-grid power. [5] While this segment has been the foundation of the company, it has recently focused on selling more profitable products to improve its margins (the amount of profit made on each sale). [19]
Oil and Gas Exploration
In a brand new venture started in August 2026, the company is now exploring for oil and gas. [12] This part of the business involves acquiring the rights to drill on land, in this case in Eastern Louisiana, with the goal of finding and producing oil and gas. [12, 18] This is a significant pivot from its battery business and represents a new way the company is trying to make money. This segment is just getting started and is in the very early stages of exploration. [12]
What management is betting on now
The company's leadership is making a big bet on diversifying into the energy sector with its new oil and gas exploration project. [12, 18] This is a major strategic change, highlighted by the hiring of a new CEO with deep experience in the oil and gas industry. [12] At the same time, they haven't abandoned their original business and are working to make it more profitable by focusing on higher-margin products (items that earn more profit per sale). [19] They are also expanding into industrial markets through strategic partnerships, like developing hybrid energy systems for construction sites. [2, 5]
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$2.03M
Net income
$-1.28M
Diluted EPS
-1.34
Operating cash flow
$-1.48M
Free cash flow
—
Fetching…
Sources
Revenue
$1.57M
Net income
$-1.76M
Diluted EPS
-0.17
Operating cash flow
$-1.13M
Free cash flow
—
Fetching…
Sources
Revenue
$2.22M
Net income
$-4.44M
Diluted EPS
-0.45
Operating cash flow
$-2.42M
Free cash flow
—
Fetching…
Sources
Revenue
$2.39M
Net income
$722.79K
Diluted EPS
0.10
Operating cash flow
$-2.10M
Free cash flow
—
Fetching…
Sources
Revenue
$2.99M
Net income
$-1.37M
Diluted EPS
-0.41
Operating cash flow
$-400.96K
Free cash flow
—
Fetching…
Sources
Revenue
$2.05M
Net income
$-1.15M
Diluted EPS
-0.37
Operating cash flow
$-1.23M
Free cash flow
—
Fetching…
Sources
Revenue
$1.99M
Net income
$-251.65K
Diluted EPS
35.12
Operating cash flow
$-2.91M
Free cash flow
—
Fetching…
Sources
Revenue
$1.39M
Net income
$-8.81M
Diluted EPS
-24.55
Operating cash flow
$-3.24M
Free cash flow
—
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $4.66
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $838,630 - more cash than debt. Interest coverage -529.2x.
Net debt
$-838.63K
Interest coverage
-529.20x
Expion Energy, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
XPON
BASELINE
Expion Energy, Inc.
Total debt $701.72K Interest coverage -529.20x This is the baseline the peer rows are being compared against.
Total debt $32.93M Interest coverage -1.01x Neither company has much profit cushion over interest right now.
Total debt $8.51M Interest coverage -3.77x Neither company has much profit cushion over interest right now.
Total debt $3.94M Interest coverage -11.07x Neither company has much profit cushion over interest right now.
Total debt $17.46M Interest coverage -30.44x Neither company has much profit cushion over interest right now.
Total debt $9.21M Interest coverage -14.72x Neither company has much profit cushion over interest right now.
What you should know
The case for and against XPON
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -196.3% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-0.39x
P/B
6.98x
P/S
0.54x
EV/EBITDA
-0.33x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
15.4%
Operating margin
-64.1%
Net margin
-82.3%
ROE
-196.3%
ROA
-95.6%
Health
Liquidity and balance-sheet strength
Debt / equity
0.15x
Current ratio
5.55x
Quick ratio
2.27x
Total debt
$701.72K
Total cash
$1.54M
Growth
How the business has been compounding
Revenue TTM
$8.21M
Revenue 5Y CAGR
10.5%
EPS TTM
-7.50
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-7.13M
Free CF TTM
$-6.15M
FCF margin
-74.9%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—