Expion360 2025 Q3 Earnings Record Revenue, Profitability Turnaround

Expion360 (XPON) delivered a stunning third-quarter performance, far exceeding expectations with 72.2% revenue growth and a dramatic shift from a $24.55/share loss to $0.12/share profitability. The company’s new leadership team and strategic focus on RV market recovery and OEM partnerships underpinned the results, though ongoing execution risks remain.

Revenue

Expion360’s total revenue surged to $2.39 million in Q3 2025, a 72.2% increase from $1.39 million in the same period last year. The growth was driven by robust demand in recreational vehicle (RV) battery sales, expanded OEM partnerships, and new dealer onboarding. The company’s home energy storage segment also contributed meaningfully, reflecting the successful launch of its e360 Home Energy Storage Solutions in early 2025.

Earnings/Net Income

The company achieved a remarkable profitability turnaround, reporting a net income of $722,792 in Q3 2025, a 108.2% positive swing from a $8.81 million loss in Q3 2024. Earnings per share (EPS) improved from a loss of $24.55 to $0.12, driven by higher sales volumes, improved gross margins, and reduced cost of goods sold as a percentage of revenue. This marks the first quarterly profit in six years, signaling a pivotal recovery.

Post-Earnings Price Action Review

Following the release of its Q3 results, Expion360’s stock experienced significant volatility. Shares plummeted 27.04% on the day of the earnings report, despite the positive financial results, and declined 23.68% month-to-date as of November 14, 2025. The sharp selloff contrasts with the company’s improved financials, reflecting market skepticism around the sustainability of the turnaround. While the stock surged 28.35% after-hours on the earnings beat, it remains down 63.2% year-to-date, highlighting the challenges of regaining investor confidence.

CEO Commentary

Joseph Hammer, newly appointed CEO and Chairman, emphasized the company’s momentum in a press release, stating, “The third quarter underscored our recovery, driven by strong organic sales growth and strategic leadership changes.” Hammer highlighted the RV market’s rebound, OEM expansion, and the introduction of home energy storage as key drivers. He also outlined priorities for the next phase: increasing OEM partnerships, refining product offerings, and exploring new markets beyond energy storage. The CEO’s tone was cautiously optimistic, acknowledging the need for disciplined cost management despite the improved liquidity.

Guidance

Expion360 did not provide specific financial guidance for future quarters in its Q3 report. However, management indicated continued focus on scaling OEM relationships and expanding into home energy storage, with plans to introduce new battery technologies and form factors. The company also aims to maintain gross margin improvements and reduce SG&A expenses as a percentage of sales.

Additional News

Recent developments include the appointment of Joseph Hammer as CEO and Shawna Bowin as CFO, signaling a leadership reset. Expion360 also regained Nasdaq compliance on September 17, 2025, after resolving liquidity concerns. Additionally, the company launched its e360 Home Energy Storage Solutions in January 2025, targeting residential and small commercial customers. These moves, combined with the Q3 earnings beat, have positioned Expion360 to focus on long-term growth, though execution risks and financial fragility remain.

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