Expion360 Inc · Q1 2026 earnings

Briefing

Expion360 Inc reported a net loss of $1.8 million on revenue of $1.6 million for Q1 2026.

Expion360 Inc. recorded net sales of $1.57 million for the three months ended March 31, 2026, down 24% year-over-year due to a strategic shift away from low-margin accessory sales and elevated customer inventory levels. The company posted a net loss of $1.76 million and used $1.13 million in cash from operations, while raising $1.22 million through equity issuances to support working capital. Gross margin improved slightly to 25.3% amid product mix optimization, though operating expenses rose 31% primarily from legal and personnel costs.

• Revenue declined 24% to $1.57 million as the company discontinued low-margin resale items and OEM customers worked through prior inventory builds.
• Gross profit fell to $396 thousand but margin expanded 0.8 points to 25.3% through favorable product mix and pricing discipline.
• Net loss widened to $1.76 million as selling, general and administrative expenses increased 31% to $2.17 million, driven by higher legal and compensation costs.
• Cash position strengthened to $3.06 million after raising $1.22 million in equity, while operating cash burn improved modestly to $1.13 million.

Headline financials

Revenue & EPS history

Management continues to focus on cost containment, new product launches, and channel expansion while monitoring tariff and supply-chain risks.