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
$2.50
52-week range
$2.26 - $19.20
Market cap
$2.53M
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 rechargeable lithium iron phosphate batteries and related items like chargers and inverters for things like RVs, boats, and home energy systems. Their main income comes from selling these batteries and accessories to dealers and manufacturers who then sell them to customers. This matters because it shows where their money is coming from and what parts of their business are most important.
How the company got here
Expion Energy, Inc., founded in 2016, was formerly known as Expion360 Inc.. The company initially focused on designing, assembling, manufacturing, and selling lithium iron phosphate (LiFePO4) batteries and accessories, primarily for the recreational vehicle (RV) and marine industries. In August 2026, the company changed its name to Expion Energy, Inc. to reflect a broadened operating strategy and expanded energy platform. This strategic shift included the acquisition of oil and gas assets in Eastern Louisiana, marking its entry into the oil and gas exploration sector. This move was supported by a $9 million private placement of convertible debentures. Expion Energy is headquartered in Redmond, Oregon.
What it actually does
Expion Energy designs, builds, and sells advanced lithium iron phosphate (LiFePO4) batteries and related accessories. These batteries are known for being half the weight of traditional lead-acid batteries but offer three times the power and ten times the lifespan (number of charging cycles). The company's products are used in a variety of applications, including recreational vehicles, marine, home energy storage, industrial uses, and off-grid power solutions. Expion Energy sells its products through a network of dealers, wholesalers, private label customers, and original equipment manufacturers (OEMs).
RV battery systems
This segment represents the largest portion of Expion Energy's business, accounting for about 55% of its revenue. It involves lithium battery packs specifically designed for recreational vehicles (RVs) and their electrical systems. These batteries provide power for various functions within RVs, from lighting and appliances to entertainment systems, offering a lighter and more powerful alternative to traditional batteries. Expion Energy supplies these systems to RV manufacturers, who integrate them into new vehicles, as well as to the aftermarket through dealers and distributors.
Marine and off-grid batteries
Making up approximately 20% of the company's revenue, this segment focuses on LiFePO4 battery solutions for marine applications and off-grid power systems. For boats, these batteries can power trolling motors, navigation equipment, and onboard electronics, offering reliability in harsh marine environments. In off-grid scenarios, they provide essential power for homes or remote locations not connected to the main electrical grid, often used in conjunction with solar or wind power systems. These products are sold to boat manufacturers and distributors serving the marine and renewable energy sectors.
Home energy storage
This is a smaller but developing part of Expion Energy's business, contributing about 5% of its revenue. The company offers the e360 Home Energy Storage solution, which is a wall-mounted system that includes a 10kWh battery and can be expanded with additional battery cabinets. These systems are designed to store energy generated from sources like solar panels, providing backup power during grid outages or helping to manage energy consumption. They are sold to homeowners and potentially to installers or solar energy companies.
Industrial and specialty applications
This segment accounts for roughly 10% of Expion Energy's revenue and includes battery products for various industrial uses, golf carts, and other specialized energy storage needs. For industrial applications, these batteries can power equipment in warehouses, factories, or on construction sites. The company also partners with other businesses, such as Dealer Accessory Supply, to develop specific energy storage solutions for commercial use, like the DASGen Hybrid Energy Storage System for job sites. These products are sold to industrial equipment manufacturers and specialized distributors.
Accessories and supporting products
Comprising the remaining 10% of revenue, this segment includes a range of accessories that complement Expion Energy's battery systems. These items include battery monitors to track performance, DC-DC chargers, solar charge controllers, communication cables, portable solar panels, inverters like the AURA Powercap, and the e360 SmartTalk mobile app for managing energy systems. These accessories are sold alongside the batteries to customers across all application segments, enhancing the functionality and usability of the company's core products.
What management is betting on now
Expion Energy is undergoing a significant strategic pivot, expanding beyond its core battery business into oil and gas exploration. Management is focused on leveraging its expertise in energy delivery to explore and develop oil and gas assets, starting with an acquisition in Eastern Louisiana. This move is intended to capture demand driven by power generation needs, industrial growth, and expanding LNG markets. The company is also positioning itself to potentially supply natural gas to growing AI data centers. This strategic shift is supported by new leadership with deep industry experience and a focus on capital markets.
Price history
How the share price has moved
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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
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Revenue
$1.57M
Net income
$-1.76M
Diluted EPS
-0.17
Operating cash flow
$-1.13M
Free cash flow
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Revenue
$2.22M
Net income
$-4.44M
Diluted EPS
-0.45
Operating cash flow
$-2.42M
Free cash flow
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Revenue
$2.39M
Net income
$722.79K
Diluted EPS
0.10
Operating cash flow
$-2.10M
Free cash flow
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Revenue
$2.99M
Net income
$-1.37M
Diluted EPS
-0.41
Operating cash flow
$-400.96K
Free cash flow
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Revenue
$2.05M
Net income
$-1.15M
Diluted EPS
-0.37
Operating cash flow
$-1.23M
Free cash flow
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Revenue
$1.99M
Net income
$-251.65K
Diluted EPS
35.12
Operating cash flow
$-2.91M
Free cash flow
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Revenue
$1.39M
Net income
$-8.81M
Diluted EPS
-24.55
Operating cash flow
$-3.24M
Free cash flow
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Is it cheap or expensive?
Fair value — vs current price $2.50
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 $8.22M 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 -27.17x 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)
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Forward P/E
-0.21x
P/B
0.49x
P/S
0.31x
EV/EBITDA
-0.14x
PEG ratio
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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
-10.53
EPS 5Y CAGR
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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
0.0%
Payout ratio
0.0%
Last ex-div date
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