Revenue decline and cash burn at $1.1M/quarter on $3.1M cash give ~2.7 quarters runway without additional financing. Monitor Q2 2026 for OEM inventory normalization and next-gen product launch timing. The 24% YoY revenue drop and widening losses suggest continued dilution risk.
Price Chart
Executive Summary
Expion360 reported Q1 2026 net sales of $1.6M, down 24% YoY from $2.0M, with net loss widening to $1.8M from $1.2M. Revenue decline driven by discontinued low-margin accessories and elevated OEM inventory destocking; management expects normalization in Q2 2026. Cash burn continues at $1.1M/quarter with $3.1M cash runway.
Key Financial Metrics
Key Facts
- Net sales $1.57M, down 24% YoY from $2.05M
- Gross profit $0.40M (25% margin), down 21% YoY from $0.50M (24% margin)
- Net loss $1.76M vs $1.15M in prior year period
- Operating cash burn $1.13M vs $1.23M YoY
- Cash and equivalents $3.06M, unchanged from $2.97M at year-end 2025
- Working capital $5.6M vs $6.0M at year-end 2025
- Stockholders' equity $6.05M vs $6.54M at year-end 2025
- SG&A expenses $2.17M, up 31% from $1.65M YoY
- Three next-gen battery models expected commercial availability H2 2026
- DASGen Hybrid Energy Storage System partnership for industrial market
Financial Impact
Revenue decline of $0.48M (24% YoY) and net loss increase of $0.61M (53% YoY) on a $7M market cap base
Risk Factors
- Cash runway limited to ~2.7 quarters at current burn rate
- OEM inventory normalization may not materialize as expected
- Next-gen product launch in H2 2026 may face delays or lower-than-expected adoption
- SG&A cost growth (31% YoY) outpacing revenue trajectory
- Potential need for dilutive equity financing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3296117 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | S-3 | $3.57 | awaiting T+20 | — | $3.70 (−3.64%) |
Oct 23, 2026 4d ago | 8-K | $3.57 | awaiting T+20 | — | $3.70 (−3.64%) |
Sep 18, 2026 5w ago | DEFA14A | $4.85 $3.76 | ▲ +22.47% | ▲ +21.57% | $3.70 (+23.71%) |
Sep 18, 2026 5w ago | DEFA14A | $4.85 $3.76 | ▲ +22.47% | ▲ +21.57% | $3.70 (+23.71%) |
Sep 18, 2026 5w ago | DEF 14A | $4.65 $3.85 | ▲ +17.20% | ▲ +17.41% | $3.70 (+20.43%) |
Aug 31, 2026 8w ago | 3 | $6.17 $4.58 | ▼ −25.77% | ▼ −26.95% | $3.70 (−40.03%) |
Aug 31, 2026 8w ago | 8-K | $7.01 $4.55 | ▼ −35.09% | ▼ −34.91% | $3.70 (−47.22%) |
Aug 24, 2026 9w ago | 8-K | $6.20 $5.30 | ▲ +14.52% | ▲ +15.83% | $3.70 (+40.32%) |
Aug 7, 2026 11w ago | Press Release | $3.55 $5.73 | ▲ +61.39% | ▲ +62.30% | $3.70 (+4.23%) |
May 15, 2026 23w ago | 8-K | $6.47 $5.64 | ▲ +12.80% | ▲ +14.38% | $3.70 (+42.80%) |
US Market Status
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