Sign in

XPON on Nasdaq

Expion Energy, Inc.

Expion Energy, Inc. is an American miscellaneous electrical machinery company based in Redmond.1 Its shares trade on Nasdaq under the symbol XPON.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with Laser Photonics Corp, NOVONIX LIMITED or TurnOnGreen, Inc., or pick any stock.

  • TickerXPON on Nasdaq1
  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
  • HeadquartersRedmond, Oregon1
  • Incorporated inNV2
  • Business address2025 Sw Deerhound Ave, Redmond, Or 977562
  • Filer category, Emerging growth company2
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

Volt GC2 LiFePO4 battery was the first model to incorporate e360 SmartTalk for electric golf carts and other light electric vehicle applications.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.9%Gross margin4
-110.9%Operating margin4
-64.6%Net margin4
71.6%Revenue growth, 20254
-95.4%Return on equity4
0.03×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue40¢$8.3M
  • Research and development3¢$558.9K
  • Selling, general and admin58¢$12.0M
  • Income tax0¢$150

Out of $9.7M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$9.7M in 2025+114% since 2021
0$2.5M$5.0M$7.5M$10.0M2021: $4.5M$4.5M20212022: $7.2M$7.2M2022+59%2023: $6.0M$6.0M2023−16%2024: $5.6M$5.6M2024−6%2025: $9.7M$9.7M2025+72%
Gross profit5674$1.3M in 2025−19% since 2021
0$1.0M$2.0M$3.0M2021: $1.6M$1.6M20212022: $2.3M$2.3M2022+39%2023: $1.6M$1.6M2023−31%2024: $1.2M$1.2M2024−27%2025: $1.3M$1.3M2025+16%
Operating income5674-$10.7M in 2025+747% since 2021
-$15.0M-$10.0M-$5.0M02021: -$1.3M-$1.3M20212022: -$6.0M-$6.0M2022+371%2023: -$7.2M-$7.2M2023+20%2024: -$6.8M-$6.8M2024−6%2025: -$10.7M-$10.7M2025+58%
Net income5674-$6.2M in 2025+32% since 2021
-$15.0M-$10.0M-$5.0M02021: -$4.7M-$4.7M20212022: -$7.5M-$7.5M2022+60%2023: -$7.5M-$7.5M2023−1%2024: -$13.5M-$13.5M2024+81%2025: -$6.2M-$6.2M2025−54%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Net sales$9.7M$5.6M
Cost of sales$8.3M$4.5M
Gross profit$1.3M$1.2M
Selling, general and administrative$12.0M$7.9M
Loss from operations-$10.7M-$6.8M
Interest income-$16.1K-$86.1K
Interest expense$20.2K$976.6K
Loss on sale of property and equipment$13.4K$146.8K
Settlement expense$709.9K
Suspended liability expense / (income)-$4.5M$5.0M
Other (income) / expense$48-$6.1K
Total other (income) / expense-$4.5M$6.7M
Loss before taxes-$6.2M-$13.5M
Tax (income) / expense$150-$1.5K
Net loss-$6.2M-$13.5M
Net loss per share basic-$1.13-$21.03
Net loss per share diluted-$1.13-$21.03
Weighted-average number of common shares outstanding basic5.5M shares641.0K shares
Weighted-average number of common shares outstanding diluted5.5M shares641.0K shares

Compare Expion Energy, Inc. with another company

Corporate structure

Expion Energy, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Expion Energy, Inc.

  • Five Narrow Lane LP Filed SCHEDULE 13D on Expion Energy, Inc., latest Aug 28, 2026 (2 filings since Aug 24, 2026)
  • L1 Capital Global Opportunities Master Fund, Ltd. Filed SCHEDULE 13G/A on Expion Energy, Inc., latest Feb 17, 2026 (3 filings since Aug 15, 2024)
  • Altium Capital Management LLC Filed SCHEDULE 13G/A on Expion Energy, Inc., latest Nov 4, 2025 (2 filings since Aug 16, 2024)
  • S.H.N. Financial Investments Ltd. Filed SCHEDULE 13G/A on Expion Energy, Inc., latest Mar 18, 2025 (2 filings since Aug 15, 2024)
  • 3i, LP Filed SCHEDULE 13G/A on Expion Energy, Inc., latest Feb 13, 2025 (3 filings since Feb 5, 2024)
  • Masaya Otsuka Filed SC 13G/A on Expion Energy, Inc., latest Sep 27, 2024 (2 filings since Sep 23, 2024)
  • John Henry Yozamp Filed SC 13G on Expion Energy, Inc., latest Feb 8, 2024
  • Expion Energy, Inc. Redmond, Oregon

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Expion Energy, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$807.1K4 Dec 31, 2025$914.1K4 Dec 31, 2024−11.7%
Accumulated depreciation$478.9K4 Dec 31, 2025$430.2K4 Dec 31, 2024+11.3%
Property and equipment, net$328.2K4 Dec 31, 2025$483.9K4 Dec 31, 2024−32.2%
Operating-lease assets (leased space)$666.2K4 Dec 31, 2025$754.8K4 Dec 31, 2024−11.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.0M4 Dec 31, 2025$547.6K4 Dec 31, 2024+442.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.9M4 Dec 31, 2025$4.8M4 Dec 31, 2024−40.8%
Raw materials$589.5K4 Dec 31, 2025$754.4K4 Dec 31, 2024−21.9%
Finished goods$2.3M4 Dec 31, 2025$4.1M4 Dec 31, 2024−44.3%

Properties, in its own words

Our corporate headquarters are in Redmond, Oregon, and house our engineering, sales, accounting, and operations staff. Our primary product warehouse is also located there. Our headquarters is approximately 15,000 square feet, leased at a base rent that increases 3.0% annually on January 31st of each year. From January 31, 2025 to January 30, 2026, the rental cost of our headquarters is approximately $20,200 per month.

In May of 2025, we leased a warehouse facility next door to our existing warehouse in Redmond, Oregon. The square footage of this facility is approximately 6,545 square feet, and from May 1, 2025 to April 30, 2028, the rental cost of this warehouse is approximately $6,545 per month.

The rest of Item 2

We also lease a property in Elkhart, Indiana that provides office space for sales associates and a stocking location for several large manufacturers in the area. Elkhart is a hub for RV manufacturing in the United States. The square footage of this facility is approximately 7,000 square feet and rental cost is approximately $4,900 per month.

We believe these facilities are sufficient to meet our current and anticipated needs in the near term and that additional space can be obtained on commercially reasonable terms as needed.

Item 2 of the 10-K filed Mar 17, 2026.3

Leadership

Who has led Expion Energy, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Henry Yozamp2022
  2. Brian Paul Schaffner2024–2025
  3. Joseph D. Hammer2025–2026
  4. Kevin Sellers2026–now

President

  1. Paul Thomas Shoun2025–now

Chief financial officer

  1. Brian Paul Schaffner2022–2023
  2. Gregory Scott Aydelott2023–2024
  3. Shawna Lee Bowin2025–2026
  4. Robert L. Winspear2026–now

Chief operating officer

  1. Paul Thomas Shoun2022–2024
  2. Brian Paul Schaffner2023
  3. Carson E. Heagen2025–now
2025
Board members and other officers (14)

Former names

  • Expion Energy Inc.Aug 24, 2026 to Aug 24, 20262
  • Expion360 Inc.Nov 29, 2021 to Aug 24, 20262

Timeline

  1. Aug 31, 2026New chief executive Kevin Sellers becomes CEO10
  2. Aug 31, 20268-K Executive or director change; Director nominations; Regulation FD disclosure31
  3. Aug 24, 20268-K Entered a material agreement; Executive or director change; Bylaws or fiscal year changed32
  4. Aug 7, 20268-K Results of operations33
  5. Aug 4, 20268-K Executive or director change; Other events34
  6. Jul 16, 20268-K Bylaws or fiscal year changed35
  7. Jul 7, 20268-K Executive or director change36
  8. May 15, 20268-K Results of operations37
  9. Mar 17, 20268-K Results of operations38
  10. Jan 30, 20268-K Listing notice or transfer39
  11. Jan 28, 20268-K Results of operations40
  12. Jan 13, 20268-K Regulation FD disclosure41
  13. Dec 15, 20258-K Entered a material agreement42
  14. Nov 18, 2025New chief executive Joseph D. Hammer becomes CEO11
  15. Jan 17, 2024New chief executive Brian Paul Schaffner becomes CEO12
  16. Apr 11, 2022New chief executive John Henry Yozamp becomes CEO13

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202643

When it reported results

  1. Aug 7, 2026Reported quarterly or annual results33
  2. May 15, 2026Reported quarterly or annual results37
  3. Mar 17, 2026Reported quarterly or annual results38
  4. Jan 28, 2026Reported quarterly or annual results40
  5. Nov 13, 2025Reported quarterly or annual results44
  6. Aug 13, 2025Reported quarterly or annual results45
  7. Aug 4, 2025Reported quarterly or annual results46
  8. May 15, 2025Reported quarterly or annual results47

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

242 filings to the SEC since October 2021: 7 annual reports, 14 quarterly reports, 65 major events, 67 insider forms, 15 large holders, 3 private raises, 71 other. The latest 20:

  1. Sep 18, 2026DEFA14A EDGAR
  2. Sep 18, 2026DEFA14A EDGAR
  3. Sep 18, 2026DEF 14A EDGAR
  4. Sep 9, 20263 EDGAR
  5. Sep 8, 2026D EDGAR
  6. Sep 8, 2026PRE 14A EDGAR
  7. Aug 31, 2026144 EDGAR
  8. Aug 31, 20264 EDGAR
  9. Aug 31, 20264 EDGAR
  10. Aug 31, 20263 EDGAR
  11. Aug 31, 20263 EDGAR
  12. Aug 31, 20268-K EDGAR
  13. Aug 28, 2026SCHEDULE 13D EDGAR
  14. Aug 25, 20264 EDGAR
  15. Aug 25, 20264 EDGAR
  16. Aug 25, 20264 EDGAR
  17. Aug 25, 20264 EDGAR
  18. Aug 25, 20264 EDGAR
  19. Aug 25, 20264 EDGAR
  20. Aug 25, 20264 EDGAR

The 242 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 0 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 5, 2024Yozamp John Henry10% ownerSale29,727$1.57$46.7KForm 4
Jun 4, 2024Yozamp John Henry10% ownerSale5,273$1.67$8.8KForm 4
Jan 16, 2024Yozamp John Henry10% ownerSale23,035$4.72$108.7KForm 4
Dec 18, 2023Yozamp John Henry10% ownerSale23,035$4.60$106.0KForm 4
Nov 16, 2023Yozamp John Henry10% ownerSale23,035$3.92$90.3KForm 4
Nov 16, 2023Yozamp John Henry10% ownerSale23,035$3.92$90.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Paul Shoun$219.7K$1.3M55
2025Brian Schaffner$223.6K$1.3M55
2025Carson Heagen$172.5K$785.8K55
2025Shawna Bowin$127.8K$641.5K55
2025Joseph Hammer$68.8K55
2024Former ChiefExecutive Officer$282.4K$294.6K55
2024Former PresidentChief Operating Officer and Chairman of the Board$234.1K$246.2K55

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$11.7M 2021–2026
Money received by yearMoney received by year, 2021–2026: $11.7M in all. Private raises (Form D) $11.7M.$0$2.5M$5M$7.5M$10M2021 · Private raises (Form D): $250.0K202120232025 · Private raises (Form D): $2.5M20252026 · Private raises (Form D): $9.0M2026
Figures by year
YearPrivate raises (Form D)Total
2026$9.0M$9.0M
2025$2.5M$2.5M
2021$250.0K$250.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Aug 21, 2026Raised $9 million in a private offering of debt56 Form D: $100 million offered in all Form D
  2. Jan 2, 2025Raised $2.5 million in a private offering of securities57 Form D: 2 investors so far Form D
  3. Oct 27, 2021Raised $250,000 in a private offering of equity58 Form D: 4 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Copia Wealth Management5$20.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Expion Energy, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARExpion Energy, Inc.1
  • CIK0001894954
  • Employer ID (EIN)81-27010493
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2025 Sw Deerhound Ave, Redmond, OR 977561
  • Phone541 -797-67141
  • Shares outstanding962,335 as of Aug 6, 20269
  • Public float$3.1M as of Jun 30, 20253
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 29, 20211
  • Filings242 in all: 8-K (65), 4 (42), 3 (15), 10-Q (14), CORRESP (12), 4/A (8), S-1/A (7), UPLOAD (7)1
    All 32 form types

    EFFECT (6), SC 13G (6), 144 (5), S-8 (5), 10-K (4), 424B3 (4), 424B5 (4), DEF 14A (4), S-1 (4), SCHEDULE 13G/A (4), 10-K/A (3), 424B4 (3), D (3), DEFA14A (3), 3/A (2), PRE 14A (2), SC 13G/A (2), SCHEDULE 13G (2), 8-A12B (1), CERT (1), FWP (1), POS AM (1), S-3 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 17, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Sep 18, 2026
    Latest 8-K (8-K) Aug 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par value per shareXPONNasdaq

From the cover page of the 10-K filed Mar 17, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Expion Energy, Inc. names in Item 1A of its 10-K filed Mar 17, 2026: 43 risks under these headings, as written.3

  • Risks Related to Our Business
  • Risks Related to Ownership of Our Common Stock
  • Risk Related to Our Capital Structure
  • We operate in an extremely competitive industry and are subject to pricing pressures.
  • We have a history of losses. As our costs increase, we may not be able to generate sufficient revenue to achieve and sustain profitability.
  • Our audited financial statements include a statement that there is a substantial doubt about our ability to continue as a going concern and a continuation of negative financial trends could result in our inability to continue as a going concern.
  • Our results of operations could be adversely affected by changes in the cost and availability of raw materials and our reliance on third-party manufacturers and suppliers.
  • Increases in costs, disruption of supply, or shortage of any of our battery components such as electronic and mechanical parts could harm our business.
  • Our business and future growth depends on the needs and success of our customers.
  • We have substantial customer concentration, with a limited number of customers accounting for a substantial portion of our sales in 2025 and 2024.
  • We may not be able to successfully manage our growth.
  • Our results of operations may be negatively impacted by public health epidemics or outbreaks.
The other 34 risks
  • If we fail to expand our sales and distribution channels, our business could suffer.
  • Our ability to expand into international markets is uncertain.
  • Nearly all of our raw materials enter the United States through a limited number of ports and we rely on third parties to store and ship some of our inventory; labor unrest at these ports or other product deliver difficulties could interfere with our distribution plans and reduce our revenue.
  • The uncertainty in global economic conditions could negatively affect our results of operations.
  • Government reviews, inquiries, investigations, and actions could harm our business or reputation.
  • We are currently, and will likely continue to be, dependent on a limited number of warehouse facilities. If our facilities become inoperable for any reason, our ability to produce our products could be negatively impacted.
  • Lithium-ion battery cells have been observed to catch fire or release smoke and flame, which may have a negative impact on our reputation and business.
  • We could face product liability or warranty claims relating to our products, including the components thereof, which could reduce market adoption, result in reputation damage, and result in significant costs and liabilities, which would reduce our profitability.
  • Our operations expose us to litigation, tax, environmental and other legal compliance risks.
  • Our failure to introduce new products and product enhancements that respond to customer and end consumer demand, and any broad market acceptance of new technologies introduced by our competitors, could adversely affect our business.
  • We may not be able to adequately protect our proprietary intellectual property and technology and we may need to defend ourselves against intellectual property infringement claims.
  • Quality problems with our products could harm our reputation and erode our competitive position.
  • Any acquisitions that we complete may dilute stockholder ownership interests in the Company, may have adverse effects on our financial condition and results of operations, and may cause unanticipated liabilities.
  • If our electronic data is compromised, or we experience a failure in our information technology or storage systems, our business could be significantly harmed.
  • Our ability to raise capital in the future may be limited, which could make us unable to fund our capital requirements and our stockholders may be diluted by future securities offerings.
  • We depend on our senior management team and other key employees, and significant attrition within our management team or unsuccessful succession planning could adversely affect our business.
  • Changes in tax laws or tax rulings could materially affect our financial position, results of operations, and cash flows.
  • A failure to keep pace with developments in technology could impair our operations or competitive position.
  • Our stock price may fluctuate significantly, and you may lose all or a part of your investment.
  • We do not anticipate paying dividends on our common stock in the foreseeable future, and you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
  • If securities or industry analysts do not publish research or reports about our business, if they adversely change their recommendations regarding our stock, or if our results of operations do not meet their expectations, our stock price and trading volume could decline.
  • You may be diluted by the future issuance of additional common stock in connection with our incentive plans, acquisitions, or otherwise.
  • Sales of substantial amounts of our securities in the public markets, or the perception that such sales might occur, could reduce the price of our securities and may dilute your voting power and your ownership interest in us.
  • Although our common stock is listed on Nasdaq, the exchange could subsequently delist our common stock if we fail to comply with ongoing listing standards.
  • The exercise of outstanding warrants may result in a substantial increase in the number of shares of our common stock that are outstanding.
  • Provisions of the Series A Warrants and Series B Warrants we sold in the August 2024 Public Offering may discourage an acquisition of us by a third party.
  • The Series A Warrants and Series B Warrants may have an adverse effect on the market price of our common stock and make it more difficult to effect a business combination.
  • We continue to incur considerable legal costs as a result of operating as a public company, and our management will be required to devote substantial time to comply with public company regulations.
  • Our management team has limited experience managing a public company.
  • We are an “emerging growth company” and elect to comply with certain reduced reporting requirements applicable to emerging growth companies, which could make our securities less attractive to investors.
  • Failure to maintain effective internal control over financial reporting in accordance with Section 404 of Sarbanes-Oxley could have a material adverse effect on our business and stock price.
  • If our shares become subject to the penny stock rules, it would become more difficult to trade our shares.
  • Risks Related to Our Capital Structure
  • Our long-term lease and debt obligations could adversely affect our ability to raise additional capital to fund operations and limit our ability to enter into certain transactions.
  • Our Articles of Incorporation provide that the Nevada Eighth Judicial District Court of Clark County, Nevada shall be the exclusive forum for certain litigation that may be initiated by our stockholders, including claims under the Securities Act, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.

Legal proceedings

We may become, from time to time, involved in routine litigation or subject to disputes or claims related to our business activities. We are not currently party to any pending legal proceedings that we believe would, individually or in the aggregate, have a material adverse effect on our financial condition, cash flows, or results of operations.

On January 29, 2026, we received a determination from the Staff that the bid price of the common stock had closed below the $1.00 minimum required by Nasdaq Listing Rule 5550(a)(2) for the prior 30 consecutive business days (the “Minimum Bid Price Requirement”) and that the Staff had determined to delist our securities from the Nasdaq Capital Market subject to a compliance period. Nasdaq provided us with a 180-calendar day compliance period, or until July 28, 2026, to regain compliance with the listing rule. We are currently evaluating options to regain compliance and intend to timely regain compliance with the Minimum Bid Price Requirement. Under Nasdaq rules, we are currently eligible to conduct a reverse stock split of our common stock to regain compliance if necessary.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58