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Side-by-side financial comparison of Aeluma, Inc. (ALMU) and Expion360 Inc. (XPON). Click either name above to swap in a different company.
Expion360 Inc. is the larger business by last-quarter revenue ($2.2M vs $1.3M, roughly 1.7× Aeluma, Inc.). Aeluma, Inc. runs the higher net margin — -145.7% vs -199.9%, a 54.2% gap on every dollar of revenue. On growth, Expion360 Inc. posted the faster year-over-year revenue change (11.8% vs -21.1%).
Aeluma, Inc. is a U.S.-headquartered technology firm focused on the design, development, and production of high-performance optoelectronic components and semiconductor products. Its core offerings include photonic sensors and laser diodes, serving the LiDAR, 5G/6G communication, industrial sensing, and automotive markets across North America and the Asia-Pacific region.
Expion360 Inc. is a provider of high-performance lithium iron phosphate (LFP) battery solutions and supporting energy storage products. Its core customer segments cover recreational vehicle owners, marine users, off-grid lifestyle enthusiasts and residential users across the U.S. market, delivering safe, durable and low-carbon energy storage options.
ALMU vs XPON — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $2.2M |
| Net Profit | $-1.9M | $-4.4M |
| Gross Margin | 27.8% | -14.8% |
| Operating Margin | -163.6% | -234.4% |
| Net Margin | -145.7% | -199.9% |
| Revenue YoY | -21.1% | 11.8% |
| Net Profit YoY | 36.0% | -1663.2% |
| EPS (diluted) | $-0.11 | $-0.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.3M | $2.2M | ||
| Q3 25 | $1.4M | $2.4M | ||
| Q2 25 | — | $3.0M | ||
| Q1 25 | — | $2.0M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | — | $1.4M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $971.9K |
| Q4 25 | $-1.9M | $-4.4M | ||
| Q3 25 | $-1.5M | $722.8K | ||
| Q2 25 | — | $-1.4M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | — | $-251.6K | ||
| Q3 24 | — | $-8.8M | ||
| Q2 24 | — | $-2.2M | ||
| Q1 24 | — | $-2.2M |
| Q4 25 | 27.8% | -14.8% | ||
| Q3 25 | 49.4% | 22.7% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 25.5% | ||
| Q1 24 | — | 22.9% |
| Q4 25 | -163.6% | -234.4% | ||
| Q3 25 | -116.1% | -125.4% | ||
| Q2 25 | — | -45.2% | ||
| Q1 25 | — | -56.0% | ||
| Q4 24 | — | -59.5% | ||
| Q3 24 | — | -138.7% | ||
| Q2 24 | — | -131.4% | ||
| Q1 24 | — | -202.4% |
| Q4 25 | -145.7% | -199.9% | ||
| Q3 25 | -107.8% | 30.2% | ||
| Q2 25 | — | -45.8% | ||
| Q1 25 | — | -56.2% | ||
| Q4 24 | — | -12.7% | ||
| Q3 24 | — | -634.4% | ||
| Q2 24 | — | -173.7% | ||
| Q1 24 | — | -225.6% |
| Q4 25 | $-0.11 | $-0.45 | ||
| Q3 25 | $-0.09 | $0.10 | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-0.37 | ||
| Q4 24 | — | $65.02 | ||
| Q3 24 | — | $-24.55 | ||
| Q2 24 | — | $-30.20 | ||
| Q1 24 | — | $-31.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.6M | $3.0M |
| Total DebtLower is stronger | — | $197.2K |
| Stockholders' EquityBook value | $40.8M | $6.5M |
| Total Assets | $42.6M | $8.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $3.0M | ||
| Q3 25 | $25.9M | $4.3M | ||
| Q2 25 | — | $684.9K | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $547.6K | ||
| Q3 24 | — | $3.3M | ||
| Q2 24 | — | $902.3K | ||
| Q1 24 | — | $2.3M |
| Q4 25 | — | $197.2K | ||
| Q3 25 | — | $205.6K | ||
| Q2 25 | — | $213.6K | ||
| Q1 25 | — | $221.8K | ||
| Q4 24 | — | $230.2K | ||
| Q3 24 | — | $239.9K | ||
| Q2 24 | — | $247.7K | ||
| Q1 24 | — | $255.4K |
| Q4 25 | $40.8M | $6.5M | ||
| Q3 25 | $40.9M | $9.0M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $3.7M |
| Q4 25 | $42.6M | $8.1M | ||
| Q3 25 | $42.7M | $10.7M | ||
| Q2 25 | — | $8.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $9.1M | ||
| Q3 24 | — | $10.1M | ||
| Q2 24 | — | $8.8M | ||
| Q1 24 | — | $10.0M |
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-251.0K | $-2.4M |
| Free Cash FlowOCF − Capex | $-282.0K | — |
| FCF MarginFCF / Revenue | -22.2% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-251.0K | $-2.4M | ||
| Q3 25 | $-815.0K | $-2.1M | ||
| Q2 25 | — | $-401.0K | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | — | $-2.9M | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | — | $-1.7M | ||
| Q1 24 | — | $-1.7M |
| Q4 25 | $-282.0K | — | ||
| Q3 25 | $-1.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-1.7M |
| Q4 25 | -22.2% | — | ||
| Q3 25 | -74.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -173.1% |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.90× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
