Expion360 Inc (XPON) - Net Assets
Based on the latest financial reports, Expion360 Inc (XPON) has net assets worth $6.05 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.53 Million) and total liabilities ($1.48 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how large is Expion360 Inc's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.05 Million |
| % of Total Assets | 80.34% |
| Annual Growth Rate | N/A |
| 5-Year Change | 189.64% |
| 10-Year Change | N/A |
| Growth Volatility | 192.57 |
Expion360 Inc - Net Assets Trend (2019–2025)
This chart illustrates how Expion360 Inc's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Expion360 Inc to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Expion360 Inc (2019–2025)
The table below shows the annual net assets of Expion360 Inc from 2019 to 2025. For live valuation and market cap data, see Expion360 Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $6.54 Million | +159.53% |
| 2024-12-31 | $2.52 Million | -52.93% |
| 2023-12-31 | $5.35 Million | -53.91% |
| 2022-12-31 | $11.61 Million | +414.38% |
| 2021-12-31 | $2.26 Million | +263.55% |
| 2020-12-31 | $-1.38 Million | -174.19% |
| 2019-12-31 | $-503.18K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Expion360 Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4030724500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.78K | 0.15% |
| Other Components | $47.34 Million | 724.27% |
| Total Equity | $6.54 Million | 100.00% |
Expion360 Inc Competitors by Market Cap
The table below lists competitors of Expion360 Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
REGENER8 Resources NL
AU:R8R
|
$5.11 Million |
|
Luceco plc
LSE:LUCE
|
$5.11 Million |
|
Mask Investments Limited
NSE:MASKINVEST
|
$5.12 Million |
|
Mantle Minerals Ltd
AU:MTL
|
$5.12 Million |
|
Socket Mobile Inc
NASDAQ:SCKT
|
$5.10 Million |
|
Alta Zinc Limited
F:8EE
|
$5.10 Million |
|
Norwood Systems Ltd
AU:NOR
|
$5.09 Million |
|
Foresight Autonomous Holdings Ltd ADR
NASDAQ:FRSX
|
$5.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Expion360 Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,518,324 to 6,535,760, a change of 4,017,436 (159.5%).
- Net loss of 6,235,187 reduced equity.
- New share issuances of 2,874,185 increased equity.
- Other factors increased equity by 7,378,438.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.24 Million | -95.4% |
| Share Issuances | $2.87 Million | +43.98% |
| Other Changes | $7.38 Million | +112.89% |
| Total Change | $- | 159.53% |
Book Value vs Market Value Analysis
This analysis compares Expion360 Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-7.81 | $0.45 | x |
| 2020-12-31 | $-21.41 | $0.45 | x |
| 2021-12-31 | $35.01 | $0.45 | x |
| 2022-12-31 | $189.16 | $0.45 | x |
| 2023-12-31 | $77.67 | $0.45 | x |
| 2024-12-31 | $3.93 | $0.45 | x |
| 2025-12-31 | $1.19 | $0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Expion360 Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -95.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -64.60%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.23x
- Recent ROE (-95.40%) is above the historical average (-149.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -14.25% | 1.68x | 0.00x | $-150.95K |
| 2020 | 0.00% | -55.77% | 0.98x | 0.00x | $-738.51K |
| 2021 | -209.21% | -104.50% | 0.69x | 2.89x | $-4.95 Million |
| 2022 | -64.93% | -105.22% | 0.43x | 1.44x | $-8.70 Million |
| 2023 | -139.38% | -124.66% | 0.50x | 2.23x | $-7.99 Million |
| 2024 | -535.26% | -239.64% | 0.62x | 3.62x | $-13.73 Million |
| 2025 | -95.40% | -64.60% | 1.20x | 1.23x | $-6.89 Million |
Industry Comparison
This section compares Expion360 Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $292,547,722
- Average return on equity (ROE) among peers: 0.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Expion360 Inc (XPON) | $6.05 Million | 0.00% | 0.24x | $5.10 Million |
| Advent Technologies Holdings Inc (ADN) | $5.00 Million | 57.46% | 44.20x | $1.38 Million |
| Ads Tec Energy PLC (ADSE) | $-10.82 Million | 0.00% | 0.00x | $843.77 Million |
| Advanced Energy Industries Inc (AEIS) | $407.06 Million | 8.44% | 0.13x | $11.84 Billion |
| Amprius Technologies Inc. (AMPX) | $103.81 Million | -42.41% | 0.51x | $1.75 Billion |
| Asia Pacific Wire & Cable Corp Ltd (APWC) | $209.32 Million | -1.26% | 0.86x | $56.90 Million |
| Atkore International Group Inc (ATKR) | $176.47 Million | -41.90% | 5.72x | $2.34 Billion |
| Acuity Brands Inc (AYI) | $2.04 Billion | 14.98% | 0.75x | $8.75 Billion |
| Bloom Energy Corp (BE) | $-167.86 Million | 0.00% | 0.00x | $74.98 Billion |
| CBAK Energy Technology Inc (CBAT) | $156.60 Million | -8.93% | 2.01x | $53.68 Million |
| CCSC Technology International Holdings Limited Ordinary Shares (CCTG) | $1.39 Million | 20.24% | 0.55x | $2.20 Million |
About Expion360 Inc
Expion360 Inc. designs, assembles, manufactures, and sells lithium iron phosphate (LiFePO4) batteries and supporting accessories in North America. The company offers 12V batteries, including Group 24, Group 27, GC2, and EX1 custom; and 48V batteries, such as GC2. It also provides accessories comprising battery monitors, DC-DC battery chargers, solar charge controller battery chargers, CANBus comm… Read more