Expion360 Inc. Common Stock (XPON)

FairStock Score: 40/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I start with the business. Expion360 designs and sells lithium iron phosphate batteries and accessories for solar and industrial uses. It is very small: 22 employees and fiscal 2025 revenue of $9.7 million. I see no durable moat in a tiny battery assembler. The financial record is troubling. In fiscal 2023 it lost $7.5 million; in fiscal 2024 it lost $13.5 million; in fiscal 2025 it lost $6.2 million. The latest quarter, fiscal Q2 2026 ended 2026-06-30, had revenue of $2.0 million and a net loss of $1.3 million, a -63.08% margin. Revenue fell from $3.0 million in fiscal Q2 2025, so the business is shrinking. Trailing free cash flow is -$7.1 million, and FairStock's FCF yield is -186.5%. FairStock's Piotroski score is 4/9 and Altman Z-score is -7.78, which point to financial distress. On the positive side, debt is low: D/E 0.15. Fiscal Q3 2025 showed a small profit of $722,792, but one profitable quarter is not a trend. At the 2026-10-13 close of $3.97 and a $3.8 million market cap, FairStock's P/B is 5.93 and P/E is -0.53. With negative earnings and cash flow, I cannot calculate a margin of safety. The price may look small, but cheapness without earning power is not value. I would want to see sustained revenue growth, positive cash flow, and a stronger financial position before treating this as anything other than speculative.

In plain English: Expion360 makes lithium batteries and accessories for solar and industrial uses. It has lost money for four years in a row and is burning cash, so the business looks weak. The stock closed at $3.97 on 2026-10-13 and the whole company is valued at $3.8 million, but with no profits and shrinking sales, it is not clearly cheap based on its current numbers.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer