Tearsheet

Expion360 (XPON)


Market Price (5/5/2026): $0.7072 | Market Cap: $6.8 Mil
Sector: Industrials | Industry: Electrical Components & Equipment

Expion360 (XPON)


Market Price (5/5/2026): $0.7072
Market Cap: $6.8 Mil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72%

Megatrend and thematic drivers
Megatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more.

Weak multi-year price returns
2Y Excs Rtn is -140%, 3Y Excs Rtn is -174%

Penny stock
Mkt Price is 0.7

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -111%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -64%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -64%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -95%

High stock price volatility
Vol 12M is 128%

Key risks
XPON key risks include [1] substantial doubt about its financial viability due to a history of significant losses and negative cash flow and [2] intense competition from larger, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72%
2 Megatrend and thematic drivers
Megatrends include Battery Technology & Metals, Renewable Energy Transition, and Smart Grids & Grid Modernization. Themes include Advanced Battery Components, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -140%, 3Y Excs Rtn is -174%
4 Penny stock
Mkt Price is 0.7
5 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -11 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -111%
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -64%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -64%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -95%
9 High stock price volatility
Vol 12M is 128%
10 Key risks
XPON key risks include [1] substantial doubt about its financial viability due to a history of significant losses and negative cash flow and [2] intense competition from larger, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Expion360 (XPON) stock has lost about 10% since 1/31/2026 because of the following key factors:

1. Expion360 reported a significant miss in its Q4 2025 earnings and a substantial decline in gross margin. On March 17, 2026, the company announced an earnings per share (EPS) of -$0.70 for Q4 2025, which missed analyst expectations of -$0.55 by 27.27%. Furthermore, the gross margin for the full fiscal year 2025 decreased to 14% from 21% in 2024, attributed to an obsolete inventory adjustment.

2. The company received a Nasdaq listing compliance warning due to its stock price falling below the minimum bid requirement. On January 30, 2026, Expion360 was warned by Nasdaq that its shares had fallen below the $1 bid price, indicating a risk of delisting. This warning introduces significant uncertainty and can negatively impact investor confidence.

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Stock Movement Drivers

Fundamental Drivers

The -10.3% change in XPON stock from 1/31/2026 to 5/4/2026 was primarily driven by a -37.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)13120265042026Change
Stock Price ($)0.790.71-10.3%
Change Contribution By: 
Total Revenues ($ Mil)9102.5%
P/S Multiple0.50.740.9%
Shares Outstanding (Mil)610-37.9%
Cumulative Contribution-10.3%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/4/2026
ReturnCorrelation
XPON-10.3% 
Market (SPY)3.6%66.3%
Sector (XLI)3.6%43.4%

Fundamental Drivers

The -47.1% change in XPON stock from 10/31/2025 to 5/4/2026 was primarily driven by a -65.5% change in the company's Shares Outstanding (Mil).
(LTM values as of)103120255042026Change
Stock Price ($)1.340.71-47.1%
Change Contribution By: 
Total Revenues ($ Mil)81014.7%
P/S Multiple0.50.733.6%
Shares Outstanding (Mil)310-65.5%
Cumulative Contribution-47.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/4/2026
ReturnCorrelation
XPON-47.1% 
Market (SPY)5.5%54.9%
Sector (XLI)11.0%42.6%

Fundamental Drivers

The -18.9% change in XPON stock from 4/30/2025 to 5/4/2026 was primarily driven by a -78.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020255042026Change
Stock Price ($)0.880.71-18.9%
Change Contribution By: 
Total Revenues ($ Mil)61071.6%
P/S Multiple0.30.7117.7%
Shares Outstanding (Mil)210-78.3%
Cumulative Contribution-18.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/4/2026
ReturnCorrelation
XPON-18.9% 
Market (SPY)30.4%32.7%
Sector (XLI)32.1%22.5%

Fundamental Drivers

The -99.9% change in XPON stock from 4/30/2023 to 5/4/2026 was primarily driven by a -99.3% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020235042026Change
Stock Price ($)480.000.71-99.9%
Change Contribution By: 
Total Revenues ($ Mil)71034.7%
P/S Multiple4.60.7-84.4%
Shares Outstanding (Mil)010-99.3%
Cumulative Contribution-99.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/4/2026
ReturnCorrelation
XPON-99.9% 
Market (SPY)78.7%19.6%
Sector (XLI)78.8%13.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
XPON Return--71%134%-100%-72%3%-100%
Peers Return-7%-32%0%-16%45%35%3%
S&P 500 Return27%-19%24%23%16%6%92%

Monthly Win Rates [3]
XPON Win Rate-22%50%8%33%60% 
Peers Win Rate48%38%48%35%55%56% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
XPON Max Drawdown--88%-38%-100%-72%-27% 
Peers Max Drawdown-40%-54%-34%-61%-34%-21% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENS, FLUX, MVST, ENVX, AMPX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/4/2026 (YTD)

How Low Can It Go

EventXPONS&P 500
2025 US Tariff Shock
  % Loss-51.7%-18.8%
  % Gain to Breakeven106.9%23.1%
  Time to Breakeven101 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-26.5%-9.5%
  % Gain to Breakeven36.0%10.5%
  Time to Breakeven65 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.8%-6.7%
  % Gain to Breakeven34.8%7.1%
  Time to Breakeven1 days31 days

Compare to ENS, FLUX, MVST, ENVX, AMPX

In The Past

Expion360's stock fell -51.7% during the 2025 US Tariff Shock. Such a loss loss requires a 106.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventXPONS&P 500
2025 US Tariff Shock
  % Loss-51.7%-18.8%
  % Gain to Breakeven106.9%23.1%
  Time to Breakeven101 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-26.5%-9.5%
  % Gain to Breakeven36.0%10.5%
  Time to Breakeven65 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.8%-6.7%
  % Gain to Breakeven34.8%7.1%
  Time to Breakeven1 days31 days

Compare to ENS, FLUX, MVST, ENVX, AMPX

In The Past

Expion360's stock fell -51.7% during the 2025 US Tariff Shock. Such a loss loss requires a 106.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Expion360 (XPON)

Expion360 Inc. designs, assembles, manufactures, and sells lithium iron phosphate batteries and supporting accessories under the VPR 4EVER name for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications. It also provides various models of industrial tiedowns; battery monitors; terminal blocks; and bus bars. The company also engages in the development of e360 Home Energy Storage systems. It serves dealers, wholesalers, and original equipment manufacturers in the United States and internationally. The company was formerly known as Yozamp Products Company, LLC and changed its name to Expion360 Inc. in November 2021. Expion360 Inc. was founded in 2016 and is headquartered in Redmond, Oregon.

AI Analysis | Feedback

Here are a couple of analogies for Expion360:

  • Like Generac, but specializing in advanced lithium batteries for RVs, boats, and home backup power, rather than traditional generators.
  • Imagine Tesla's Powerwall, but expanded to offer high-performance battery solutions for RVs, marine, and off-grid living, in addition to home energy storage.

AI Analysis | Feedback

  • Lithium Iron Phosphate Batteries (VPR 4EVER): High-performance batteries designed for recreational vehicles, marine, golf, industrial, residential, and off-the-grid applications.
  • Battery Accessories: Supporting products that complement their lithium batteries, essential for various installations and operations.
  • Industrial Tiedowns: Various models of equipment used for securing items in industrial settings.
  • Battery Monitors: Devices used to track and display the status and performance of batteries.
  • Terminal Blocks: Insulated electrical connectors that secure and terminate two or more wires.
  • Bus Bars: Metallic strips or bars used in electrical power distribution for conducting electricity within an apparatus.
  • e360 Home Energy Storage Systems: Systems currently under development, aimed at providing energy storage solutions for residential applications.

AI Analysis | Feedback

Expion360 (XPON) primarily sells to other companies, serving dealers, wholesalers, and original equipment manufacturers (OEMs).

Based on publicly available information, major OEM customers include:

  • Winnebago Industries, Inc. (NYSE: WGO)
  • Forest River Inc.

AI Analysis | Feedback

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AI Analysis | Feedback

Joseph Hammer, Chief Executive Officer and Chairman of the Board

Joseph Hammer was appointed Chief Executive Officer and Chairman of the Board of Expion360 in October 2025. He brings over 20 years of experience as a financial executive and board director. Prior to joining Expion360, he served as Chief Investing Officer at LHX Corp., a family office service company, since February 2025, and before that, as Chief Investing Officer of LH Financial since 2010. In these roles, he sourced potential investments for the family office and provided guidance for investments, particularly in the Middle East. Mr. Hammer has also served as Chairman of the Board for Nasdaq-listed Trailblazer Merger Corporation I since 2023 and as a board member of Gratitude Railroad LLC since 2016. He is the founder of The JDH Foundation, a charitable organization established in 2020.

Shawna Bowin, Chief Financial Officer

Shawna Bowin was appointed Chief Financial Officer of Expion360 in September 2025. She possesses over 20 years of progressive experience in accounting, having served both public and private companies, overseeing accounting operations, financial reporting, compliance, and internal controls. Ms. Bowin joined Expion360 in 2022 as Senior Accountant and was promoted to Controller in February 2025. Her previous experience includes serving as Accounting Manager at Hodge Western Corp. and holding accounting-related roles at JTS Animal Bedding and American Licorice Company. She holds a Bachelor of Science in Accounting from Linfield College and is currently pursuing a Master of Business Administration.

Carson Heagen, Chief Operating Officer

Carson Heagen has over 10 years of leadership experience encompassing operations, finance, global supply chain management, and ERP systems. He previously held the role of Interim Chief Operating Officer of Expion360 from November 2024 to February 2025 and served as Vice President of Operations, having been promoted from Director of Finance within the same year.

AI Analysis | Feedback

Expion360 (XPON) faces several key risks to its business, primarily centered around its financial viability, external economic factors, and market dynamics.
  1. Financial Sustainability and Going Concern: Expion360 has consistently reported ongoing losses and negative free cash flow, raising substantial doubt about its ability to continue as a going concern. The company is classified as "Distressed" by some financial indicators, with an Altman Z-Score in the distress zone. To sustain operations and fund growth, Expion360 relies on external funding, which has led to significant shareholder dilution through equity or debt sales. Despite some revenue growth, profitability challenges persist, as evidenced by a negative operating margin and a long-term decline in gross margin. The company's cash and cash equivalents have also been relatively low. This overarching financial instability affects its operational capacity and long-term prospects.
  2. Tariffs and Supply Chain Dependence: The business is significantly impacted by tariffs on lithium batteries and components, which have exerted pressure on gross margins and overall profitability. Expion360 has been actively pursuing tariff relief, maintaining substantial inventory, diversifying its supply chain, and planning to onshore manufacturing of key components to mitigate these cost pressures and uncertainties. Disruptions in the supply or increases in the cost of battery components and raw materials could further harm the business.
  3. Market Competition, Cyclical Demand, and Customer Concentration: Expion360 operates in a highly competitive industrial products industry, facing larger battery and energy storage manufacturers that could impact its pricing power. A significant portion of its revenue is tied to cyclical end-markets like recreational vehicles (RVs) and outdoor adventure, making its performance vulnerable to fluctuations in consumer spending and broader economic cycles. Furthermore, the company exhibits substantial customer concentration, with a limited number of customers accounting for a significant portion of its sales, which poses a risk if these relationships are disrupted. The failure to consistently introduce new products or the broad adoption of competitor technologies could also adversely affect its market position.

AI Analysis | Feedback

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AI Analysis | Feedback

Expion360 (NASDAQ: XPON) operates in several addressable markets related to lithium iron phosphate (LFP) batteries and home energy storage systems.

Lithium Iron Phosphate (LFP) Battery Market

  • The global lithium iron phosphate (LFP) battery market was valued at approximately USD 65.03 billion in 2024 and is projected to reach USD 160.30 billion by 2030. Another estimate indicates the global market size was USD 52.22 billion in 2025 and is projected to reach USD 168.02 billion by 2033.
  • In the U.S., the LFP battery market was valued at over USD 5.7 billion in 2024. This is expected to grow to USD 6.32 billion by 2026. A further projection indicates the U.S. market was valued at USD 9.85 billion in 2025 and is projected to reach USD 32.27 billion by 2033.

Home Energy Storage Systems / Residential Energy Storage Systems (HESS/RESS) Market

  • The global residential energy storage systems market was valued at USD 14.86 billion in 2023 and is expected to reach USD 61.33 billion by 2032. Another source states the market size stood at USD 26.02 billion in 2026 and is expected to reach USD 57.93 billion by 2031.
  • North America held approximately a 45% share of the global home energy storage systems market in 2024. The U.S. battery energy storage system market was valued at USD 3.62 billion in 2025 and is anticipated to reach around USD 36.47 billion by 2035. The U.S. energy storage sector added 57 GWh of capacity in 2025.

Marine LFP Battery Market

  • The Americas Lithium Iron Phosphate Marine Battery Market is projected to grow from USD 1.9 billion in 2025 to USD 4.8 billion by 2032.
  • The global marine battery market (which includes LFP) was estimated at USD 775.9 million in 2025 and is projected to reach USD 2,821.5 million by 2033. Lithium batteries held about a 59.8% market share in 2025 within this market.

Lithium Golf Cart Batteries Market

  • The global lithium golf cart batteries market was valued at USD 708.1 million in 2024 and is expected to grow from USD 793.8 million in 2025 to USD 2.5 billion by 2035.

Recreational Vehicles (RVs) Battery Market

  • The Recreational Vehicles (RVs) Battery Market is projected to grow at a 5.33% Compound Annual Growth Rate (CAGR) from 2025 to 2035. Lithium-ion batteries are noted as the fastest-growing segment within this market.

Industrial, Residential, and Off-the-Grid LFP Battery Applications

  • These applications largely fall under the "stationary batteries" segment of the LFP battery market. Stationary batteries dominated the LFP market with a 46.20% share in 2025. The LFP battery market for energy storage systems is projected to grow at a CAGR of about 19.5% by 2034. Furthermore, LFP batteries hold a substantial share of approximately 80% within the broader energy storage systems (ESS) market.

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Expion360 (XPON)

Expion360 (XPON) anticipates several key drivers for its revenue growth over the next 2-3 years, stemming from market expansion, new product introductions, and strategic partnerships.

  1. Expansion into the Home Energy Storage Market (e360 HESS): Expion360 has initiated the distribution of its e360 Home Energy Storage Solutions (HESS) in partnership with Wellspring Solar, marking a significant entry into the residential energy storage market. This new product line is expected to benefit from a rapidly growing battery energy storage market and consumer uptake, potentially driven by state and federal incentives.

  2. Continued Growth in Recreational Vehicle (RV) and Marine Markets: The company expects sustained revenue growth from its traditional RV and marine applications. This growth is anticipated through expanded outreach to Original Equipment Manufacturers (OEMs) and a recovering RV market.

  3. Diversification into New Industrial and Commercial Applications: Expion360 is strategically expanding beyond its core RV business into new industrial sectors, including construction, light electric vehicles (LEV), and data centers. The company also plans to develop specialized energy storage solutions for critical applications like surveillance and remote monitoring.

  4. Introduction of Next-Generation Battery Models: The upcoming release of three new battery models, expected to be commercially available in the second half of 2026, is a significant growth driver. These next-generation batteries will feature higher energy density, improved performance (including patent-pending VHC internal heating for cold conditions and advanced CAN Bus communication), and are expected to be offered at a lower cost than current equivalent models, enhancing competitiveness across existing and new markets.

AI Analysis | Feedback

Share Issuance

  • On January 3, 2025, Expion360 completed a registered direct offering and private placement, generating approximately $2.6 million in gross proceeds from the sale of common stock and pre-funded warrants.
  • In December 2025, the company entered into an At-The-Market (ATM) Issuance Sales Agreement to sell common stock over time, with net proceeds intended for working capital and general corporate purposes.
  • The number of common shares issued and outstanding increased from 2,096,082 as of December 31, 2024, to 3,374,468 as of June 30, 2025, indicating substantial share issuance.

Inbound Investments

  • On January 3, 2025, the registered direct offering and private placement with institutional investors resulted in approximately $2.6 million in gross proceeds.
  • Expion360 announced it received $1.249984 million in funding in October 2025.

Capital Expenditures

  • Over the last 12 months (as of approximately Q3 2025), capital expenditures totaled approximately -$8,653.
  • For 2026, Expion360 plans to expand into industrial and construction sectors and develop specialized energy storage solutions for surveillance applications, implying future capital investments.
  • The company is managing tariff risk by building over $5 million in inventory and plans to onshore manufacturing of key components for long-term resilience, which suggests future capital deployment.

Better Bets vs. Expion360 (XPON)

Latest Trefis Analyses

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GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
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RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
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RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
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VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
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UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-1.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

XPONENSFLUXMVSTENVXAMPXMedian
NameExpion360EnerSys Flux Pow.MicrovastEnovix Amprius . 
Mkt Price0.71211.171.301.876.7520.384.31
Mkt Cap0.07.80.00.61.52.61.0
Rev LTM103,73861428325859
Op Inc LTM-11475-411-177-31-7
FCF LTM-6441-856-114-36-7
FCF 3Y Avg-7320-4-77-155-40-23
CFO LTM-6539-776-95-34-7
CFO 3Y Avg-7422-31-103-31-5

Growth & Margins

XPONENSFLUXMVSTENVXAMPXMedian
NameExpion360EnerSys Flux Pow.MicrovastEnovix Amprius . 
Rev Chg LTM71.6%5.2%-0.0%12.6%37.9%235.7%25.2%
Rev Chg 3Y Avg16.4%1.1%-1.3%28.8%87.7%154.6%22.6%
Rev Chg Q11.8%1.4%-16.1%-15.0%15.9%172.8%6.6%
QoQ Delta Rev Chg LTM2.5%0.3%-4.3%-3.8%5.1%30.7%1.4%
Op Inc Chg LTM-58.5%8.0%47.4%148.5%11.8%29.8%20.8%
Op Inc Chg 3Y Avg-24.4%25.9%21.7%86.6%-17.9%-43.2%1.9%
Op Mgn LTM-110.9%12.7%-6.1%2.6%-557.0%-53.8%-29.9%
Op Mgn 3Y Avg-116.9%12.0%-8.8%-12.7%-1,447.5%-319.5%-64.8%
QoQ Delta Op Mgn LTM-40.0%-0.5%3.3%-9.4%-2.8%31.3%-1.6%
CFO/Rev LTM-63.7%14.4%-12.2%17.8%-299.5%-58.3%-35.3%
CFO/Rev 3Y Avg-108.7%11.5%-5.4%-2.0%-713.0%-242.9%-57.1%
FCF/Rev LTM-63.7%11.8%-13.3%13.1%-356.7%-61.9%-37.6%
FCF/Rev 3Y Avg-109.0%8.7%-6.7%-26.3%-1,111.7%-344.8%-67.7%

Valuation

XPONENSFLUXMVSTENVXAMPXMedian
NameExpion360EnerSys Flux Pow.MicrovastEnovix Amprius . 
Mkt Cap0.07.80.00.61.52.61.0
P/S0.72.10.41.445.944.61.8
P/Op Inc-0.616.4-6.955.1-8.2-83.1-3.8
P/EBIT-1.118.8-6.9-20.7-10.7-83.1-8.8
P/E-1.124.9-5.0-21.0-9.3-83.1-7.2
P/CFO-1.114.4-3.48.1-15.3-76.5-2.3
Total Yield-90.9%4.5%-19.8%-4.8%-10.7%-1.2%-7.8%
Dividend Yield0.0%0.5%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-100.0%7.1%-11.3%-19.0%-7.5%-11.3%-11.3%
D/E0.10.20.20.60.40.00.2
Net D/E-0.30.10.20.50.0-0.00.1

Returns

XPONENSFLUXMVSTENVXAMPXMedian
NameExpion360EnerSys Flux Pow.MicrovastEnovix Amprius . 
1M Rtn19.0%19.1%16.1%29.0%33.4%27.4%23.2%
3M Rtn-9.4%13.6%0.0%-28.1%-1.5%55.0%-0.7%
6M Rtn-45.8%68.7%-51.1%-65.4%-44.7%50.3%-45.3%
12M Rtn-22.0%134.7%-24.0%-8.8%6.3%767.2%-1.2%
3Y Rtn-99.9%157.1%-66.5%61.2%-46.6%132.6%7.3%
1M Excs Rtn9.6%9.7%6.7%19.6%24.0%18.0%13.8%
3M Excs Rtn-12.6%10.3%-3.2%-31.3%-4.7%51.8%-3.9%
6M Excs Rtn-50.1%63.7%-70.0%-71.1%-46.2%60.3%-48.2%
12M Excs Rtn-48.8%114.8%-53.3%-29.0%-18.6%802.1%-23.8%
3Y Excs Rtn-174.0%89.1%-139.4%2.3%-110.1%47.4%-53.9%

Comparison Analyses

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Financials

Price Behavior

Price Behavior
Market Price$0.71 
Market Cap ($ Bil)0.0 
First Trading Date04/01/2022 
Distance from 52W High-64.9% 
   50 Days200 Days
DMA Price$0.68$1.06
DMA Trenddowndown
Distance from DMA4.6%-33.4%
 3M1YR
Volatility78.2%128.6%
Downside Capture2.492.43
Upside Capture314.02301.77
Correlation (SPY)64.9%32.6%
XPON Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta4.173.583.453.373.361.72
Up Beta3.254.083.572.722.171.50
Down Beta10.673.082.532.194.051.99
Up Capture457%425%391%483%850%13%
Bmk +ve Days15223166141428
Stock +ve Days12202855112322
Down Capture692%295%315%271%207%113%
Bmk -ve Days4183056108321
Stock -ve Days10233664127402

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XPON
XPON-15.6%128.3%0.41-
Sector ETF (XLI)31.2%15.4%1.5622.4%
Equity (SPY)29.7%12.5%1.8332.5%
Gold (GLD)39.6%27.2%1.216.8%
Commodities (DBC)50.7%18.0%2.18-1.5%
Real Estate (VNQ)12.1%13.5%0.6015.8%
Bitcoin (BTCUSD)-19.0%42.2%-0.3916.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XPON
XPON-75.2%152.1%-0.46-
Sector ETF (XLI)12.6%17.4%0.5614.4%
Equity (SPY)12.8%17.1%0.5917.4%
Gold (GLD)20.1%17.9%0.915.6%
Commodities (DBC)14.1%19.1%0.605.0%
Real Estate (VNQ)3.3%18.8%0.0810.9%
Bitcoin (BTCUSD)7.3%56.2%0.3410.4%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with XPON
XPON-50.2%152.1%-0.46-
Sector ETF (XLI)13.8%19.9%0.6114.4%
Equity (SPY)14.9%17.9%0.7117.4%
Gold (GLD)13.4%15.9%0.705.6%
Commodities (DBC)9.7%17.7%0.465.0%
Real Estate (VNQ)5.6%20.7%0.2310.9%
Bitcoin (BTCUSD)67.1%66.9%1.0610.4%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 3312026-24.4%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity9.7 Mil
Short % of Basic Shares3.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/28/2026-6.9%-17.3%-27.3%
11/13/2025-8.7%-19.7%-26.0%
8/4/20251.8%-2.7%17.7%
3/31/2025-2.6%-20.6%-7.3%
11/14/2024-24.6%-28.7%-42.9%
8/14/20242.4%-15.1%-33.6%
3/28/2024-17.6%-27.9%-29.5%
11/9/2023-3.2%-13.3%13.7%
...
SUMMARY STATS   
# Positive212
# Negative101110
Median Positive2.1%3.0%15.7%
Median Negative-7.8%-17.3%-26.6%
Max Positive2.4%3.0%17.7%
Max Negative-24.6%-28.7%-42.9%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/17/202610-K
09/30/202511/13/202510-Q
06/30/202508/13/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/14/202410-Q
12/31/202303/28/202410-K
09/30/202311/09/202310-Q
06/30/202308/10/202310-Q
03/31/202305/11/202310-Q
12/31/202203/30/202310-K
09/30/202211/10/202210-Q
06/30/202208/11/202210-Q
03/31/202205/12/202210-Q