Expion360 Inc.
XPONNasdaqTechnology · Miscellaneous Electrical Machinery, Equipment & Supplies · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
| Revenue | $9.7M | $5.6M | $6.0M | $7.2M | $4.5M |
| Operating income | −$10.7M | −$6.8M | −$7.2M | −$6.0M | −$1.3M |
| Net income | −$6.2M | −$13.5M | −$7.5M | −$7.5M | −$4.7M |
| Total assets | $8.1M | $9.1M | $11.9M | $16.7M | $6.5M |
| Total liabilities | $1.5M | $6.6M | $6.6M | $5.1M | $4.3M |
| Equity | $6.5M | $2.5M | $5.3M | $11.6M | $2.3M |
| EPS (diluted) | $-1.13 | $-21.03 | $-108.25 | — | — |
| Shares out. | 3.1M | 7.0M | 6.8M | 6.8M | 4.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −110.9%
- Net margin
- −64.6%
- Return on equity
- −95.4%
- Return on assets
- −77.3%
- Return on capital (ROCE)
- −151.3%
- Liabilities / assets
- 19.0%
- Debt / equity
- 0.23×
- Book value / share
- $2.08
- Revenue growth (YoY)
- 71.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -16.01distress
- Accruals / assets
- −1.1%clean
- Beneish M-Score
- -1.66elevated
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 4 warning● 3 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- L1 Capital Global Opportunities Master Fund, Ltd.Passive (13G)Feb 17, 2026
- Altium Capital Management LlcPassive (13G)Nov 4, 2025
- S.H.N. Financial Investments Ltd.Passive (13G)Mar 18, 2025
- 3i, LpPassive (13G)Feb 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 197,127 | 1.6 | -20.5% |
| Apr 30, 2026 | 247,826 | 1.5 | -19.3% |
| Apr 15, 2026 | 307,145 | 1.5 | -24.4% |
| Mar 31, 2026 | 406,440 | 1.4 | -18.8% |
| Mar 13, 2026 | 500,633 | 2.6 | -22.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 15, 2026
- Results of operationsMar 17, 2026
- Delisting / listing-standard noticeJan 30, 2026
- Results of operationsJan 28, 2026
- Regulation FD disclosureJan 13, 2026
- Entered a material agreementDec 15, 2025
- Results of operationsNov 13, 2025
- Entered a material agreement · Unregistered equity sale · Director / officer changeOct 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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