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Side-by-side financial comparison of BranchOut Food Inc. (BOF) and Expion360 Inc. (XPON). Click either name above to swap in a different company.

BranchOut Food Inc. is the larger business by last-quarter revenue ($4.0M vs $2.2M, roughly 1.8× Expion360 Inc.). BranchOut Food Inc. runs the higher net margin — -50.6% vs -199.9%, a 149.3% gap on every dollar of revenue. On growth, BranchOut Food Inc. posted the faster year-over-year revenue change (181.9% vs 11.8%). Over the past eight quarters, BranchOut Food Inc.'s revenue compounded faster (65.4% CAGR vs 51.1%).

Food Lion is an American regional supermarket chain headquartered in Salisbury, North Carolina, that operates over 1,000 supermarkets in 10 states: Delaware, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Pennsylvania, Tennessee, Virginia, and West Virginia. The chain employs over 82,000 people. It was founded in 1957 as Food Town, a single grocery store in Salisbury. It later expanded to many locations across North Carolina. It was independently operated until it was acquired b...

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.

BOF vs XPON — Head-to-Head

Bigger by revenue
BOF
BOF
1.8× larger
BOF
$4.0M
$2.2M
XPON
Growing faster (revenue YoY)
BOF
BOF
+170.1% gap
BOF
181.9%
11.8%
XPON
Higher net margin
BOF
BOF
149.3% more per $
BOF
-50.6%
-199.9%
XPON
Faster 2-yr revenue CAGR
BOF
BOF
Annualised
BOF
65.4%
51.1%
XPON

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOF
BOF
XPON
XPON
Revenue
$4.0M
$2.2M
Net Profit
$-2.0M
$-4.4M
Gross Margin
7.6%
-14.8%
Operating Margin
-47.6%
-234.4%
Net Margin
-50.6%
-199.9%
Revenue YoY
181.9%
11.8%
Net Profit YoY
-36.5%
-1663.2%
EPS (diluted)
$-0.15
$-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.

Revenue
BOF
BOF
XPON
XPON
Q4 25
$4.0M
$2.2M
Q3 25
$3.2M
$2.4M
Q2 25
$3.3M
$3.0M
Q1 25
$3.2M
$2.0M
Q4 24
$1.4M
$2.0M
Q3 24
$2.2M
$1.4M
Q2 24
$1.4M
$1.3M
Q1 24
$1.5M
$971.9K
Net Profit
BOF
BOF
XPON
XPON
Q4 25
$-2.0M
$-4.4M
Q3 25
$-1.6M
$722.8K
Q2 25
$-1.6M
$-1.4M
Q1 25
$-918.4K
$-1.2M
Q4 24
$-1.5M
$-251.6K
Q3 24
$-1.3M
$-8.8M
Q2 24
$-942.6K
$-2.2M
Q1 24
$-1.1M
$-2.2M
Gross Margin
BOF
BOF
XPON
XPON
Q4 25
7.6%
-14.8%
Q3 25
17.7%
22.7%
Q2 25
18.4%
20.8%
Q1 25
17.3%
24.5%
Q4 24
0.9%
22.1%
Q3 24
15.4%
12.1%
Q2 24
10.9%
25.5%
Q1 24
19.3%
22.9%
Operating Margin
BOF
BOF
XPON
XPON
Q4 25
-47.6%
-234.4%
Q3 25
-44.3%
-125.4%
Q2 25
-40.8%
-45.2%
Q1 25
-21.4%
-56.0%
Q4 24
-80.7%
-59.5%
Q3 24
-41.4%
-138.7%
Q2 24
-60.6%
-131.4%
Q1 24
-69.9%
-202.4%
Net Margin
BOF
BOF
XPON
XPON
Q4 25
-50.6%
-199.9%
Q3 25
-48.8%
30.2%
Q2 25
-48.6%
-45.8%
Q1 25
-28.8%
-56.2%
Q4 24
-104.5%
-12.7%
Q3 24
-58.3%
-634.4%
Q2 24
-69.2%
-173.7%
Q1 24
-71.6%
-225.6%
EPS (diluted)
BOF
BOF
XPON
XPON
Q4 25
$-0.15
$-0.45
Q3 25
$-0.14
$0.10
Q2 25
$-0.17
$-0.41
Q1 25
$-0.11
$-0.37
Q4 24
$-0.16
$65.02
Q3 24
$-0.19
$-24.55
Q2 24
$-0.22
$-30.20
Q1 24
$-0.26
$-31.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOF
BOF
XPON
XPON
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
$4.9M
$197.2K
Stockholders' EquityBook value
$5.6M
$6.5M
Total Assets
$14.5M
$8.1M
Debt / EquityLower = less leverage
0.89×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOF
BOF
XPON
XPON
Q4 25
$3.0M
Q3 25
$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
Total Debt
BOF
BOF
XPON
XPON
Q4 25
$4.9M
$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
Stockholders' Equity
BOF
BOF
XPON
XPON
Q4 25
$5.6M
$6.5M
Q3 25
$5.1M
$9.0M
Q2 25
$3.5M
$2.1M
Q1 25
$3.9M
$3.2M
Q4 24
$2.3M
$2.5M
Q3 24
$1.5M
$2.5M
Q2 24
$2.0M
$2.5M
Q1 24
$1.7M
$3.7M
Total Assets
BOF
BOF
XPON
XPON
Q4 25
$14.5M
$8.1M
Q3 25
$14.7M
$10.7M
Q2 25
$13.2M
$8.6M
Q1 25
$14.1M
$9.2M
Q4 24
$12.9M
$9.1M
Q3 24
$9.6M
$10.1M
Q2 24
$6.7M
$8.8M
Q1 24
$2.7M
$10.0M
Debt / Equity
BOF
BOF
XPON
XPON
Q4 25
0.89×
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
BOF
BOF
XPON
XPON
Operating Cash FlowLast quarter
$-1.9M
$-2.4M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-52.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOF
BOF
XPON
XPON
Q4 25
$-1.9M
$-2.4M
Q3 25
$-1.1M
$-2.1M
Q2 25
$-2.0M
$-401.0K
Q1 25
$-1.9M
$-1.2M
Q4 24
$-1.6M
$-2.9M
Q3 24
$-1.9M
$-3.2M
Q2 24
$-853.9K
$-1.7M
Q1 24
$-503.6K
$-1.7M
Free Cash Flow
BOF
BOF
XPON
XPON
Q4 25
$-2.1M
Q3 25
$-1.2M
Q2 25
$-2.1M
Q1 25
$-2.3M
Q4 24
$-2.3M
Q3 24
$-3.4M
Q2 24
$-1.4M
Q1 24
$-553.6K
$-1.7M
FCF Margin
BOF
BOF
XPON
XPON
Q4 25
-52.6%
Q3 25
-37.4%
Q2 25
-64.5%
Q1 25
-72.2%
Q4 24
-163.6%
Q3 24
-157.9%
Q2 24
-101.3%
Q1 24
-37.7%
-173.1%
Capex Intensity
BOF
BOF
XPON
XPON
Q4 25
4.3%
Q3 25
2.6%
Q2 25
3.4%
Q1 25
11.8%
Q4 24
51.1%
Q3 24
70.8%
Q2 24
38.6%
Q1 24
3.4%
1.1%
Cash Conversion
BOF
BOF
XPON
XPON
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.

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