Expion360 Sales Surge 72% to $9.7M, Improves Cash to $3.0M, Names New CEO
Expion360's 2025 sales rose 72% to $9.7 million with gross profit up 16% to $1.3 million and cash used in operations improving 36% to $6.1 million. It ended with $3.0M cash, appointed Joseph Hammer CEO, formed an industrial DASGen partnership, and plans three new battery models for H2 2026.
1. Financial Results
Expion360 reported net sales of $9.7 million for the year ended December 31, 2025, a 72% increase from $5.6 million in 2024, with gross profit rising 16% to $1.3 million. Net cash used in operations improved by 36% to $6.1 million, despite a one-time inventory adjustment that lowered gross margin to 14%.
2. Balance Sheet Strengthening
The company finished 2025 with $3.0 million in cash and cash equivalents, up from $0.5 million a year earlier, alongside working capital of $6.0 million and shareholders' equity of $6.5 million, reflecting a more than 150% increase in equity year-over-year.
3. Leadership Appointment
Expion360 appointed veteran financial executive Joseph Hammer as Chief Executive Officer and Chairman of the Board, tasking him with driving strategic direction, expanding market opportunities, and overseeing next-generation product development.
4. Industrial Partnership and Product Roadmap
Expion360 entered an industrial partnership to launch its DASGen Hybrid Energy Storage System for construction and industrial sites and announced plans to release three next-generation lithium battery models commercially in the second half of 2026, aimed at improving energy density and reducing costs.