Expion360 (NASDAQ:XPON) on Tuesday reported full-year 2025 net sales of $9.7 million for the period ended December 31, 2025, an increase of 72% from the prior year, reflecting continued expansion in lithium battery solutions for recreational vehicles, marine and industrial applications.
Gross profit rose 16% year over year to $1.3 million, though gross margin declined to 14% due to a one-time adjustment for obsolete inventory.
The full-year net loss narrowed significantly to $6.2 million from $13.5 million in 2024, driven by revenue growth and operating expense discipline despite ongoing investments in product development and market expansion.
Cash and cash equivalents also increased to $3 million at year-end, with working capital rising to $6 million and stockholders’ equity reaching $6.5 million, providing improved financial flexibility.
Elsewhere, the company announced the appointment of a new chief executive officer to lead its next phase of growth.
Expion360 also formed an industrial partnership with DASGen to advance battery applications in heavy-duty and stationary energy storage markets.
Additionally, the company plans to introduce three next-generation battery models in the second half of 2026, targeting enhanced performance, longer cycle life and broader industrial use cases.