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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Expion360 Inc. (XPON). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $2.2M, roughly 1.9× Expion360 Inc.). CaliberCos Inc. runs the higher net margin — -188.3% vs -199.9%, a 11.6% gap on every dollar of revenue. On growth, Expion360 Inc. posted the faster year-over-year revenue change (11.8% vs -52.5%). Over the past eight quarters, Expion360 Inc.'s revenue compounded faster (51.1% CAGR vs -57.6%).
CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.
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.
CWD vs XPON — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $2.2M |
| Net Profit | $-7.7M | $-4.4M |
| Gross Margin | — | -14.8% |
| Operating Margin | -196.6% | -234.4% |
| Net Margin | -188.3% | -199.9% |
| Revenue YoY | -52.5% | 11.8% |
| Net Profit YoY | 32.2% | -1663.2% |
| EPS (diluted) | $1.95 | $-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 | $4.1M | $2.2M | ||
| Q3 25 | $3.6M | $2.4M | ||
| Q2 25 | $5.1M | $3.0M | ||
| Q1 25 | $7.3M | $2.0M | ||
| Q4 24 | $8.7M | $2.0M | ||
| Q3 24 | $11.3M | $1.4M | ||
| Q2 24 | $8.2M | $1.3M | ||
| Q1 24 | $23.0M | $971.9K |
| Q4 25 | $-7.7M | $-4.4M | ||
| Q3 25 | $-4.4M | $722.8K | ||
| Q2 25 | $-5.3M | $-1.4M | ||
| Q1 25 | $-4.4M | $-1.2M | ||
| Q4 24 | $-11.4M | $-251.6K | ||
| Q3 24 | $146.0K | $-8.8M | ||
| Q2 24 | $-4.7M | $-2.2M | ||
| Q1 24 | $-3.8M | $-2.2M |
| Q4 25 | — | -14.8% | ||
| Q3 25 | — | 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 | -196.6% | -234.4% | ||
| Q3 25 | -129.6% | -125.4% | ||
| Q2 25 | -112.4% | -45.2% | ||
| Q1 25 | -62.7% | -56.0% | ||
| Q4 24 | -236.8% | -59.5% | ||
| Q3 24 | 0.0% | -138.7% | ||
| Q2 24 | -65.0% | -131.4% | ||
| Q1 24 | -22.9% | -202.4% |
| Q4 25 | -188.3% | -199.9% | ||
| Q3 25 | -120.2% | 30.2% | ||
| Q2 25 | -104.5% | -45.8% | ||
| Q1 25 | -60.7% | -56.2% | ||
| Q4 24 | -247.6% | -12.7% | ||
| Q3 24 | 1.3% | -634.4% | ||
| Q2 24 | -57.8% | -173.7% | ||
| Q1 24 | -16.6% | -225.6% |
| Q4 25 | $1.95 | $-0.45 | ||
| Q3 25 | $-1.65 | $0.10 | ||
| Q2 25 | $-4.15 | $-0.41 | ||
| Q1 25 | $-3.85 | $-0.37 | ||
| Q4 24 | $-10.15 | $65.02 | ||
| Q3 24 | $0.12 | $-24.55 | ||
| Q2 24 | $-4.34 | $-30.20 | ||
| Q1 24 | $-3.53 | $-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 | $2.9M | $3.0M |
| Total DebtLower is stronger | — | $197.2K |
| Stockholders' EquityBook value | $1.3M | $6.5M |
| Total Assets | $135.4M | $8.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $3.0M | ||
| Q3 25 | $10.9M | $4.3M | ||
| Q2 25 | $683.0K | $684.9K | ||
| Q1 25 | $1.6M | $1.1M | ||
| Q4 24 | $2.3M | $547.6K | ||
| Q3 24 | $1.6M | $3.3M | ||
| Q2 24 | $1.8M | $902.3K | ||
| Q1 24 | $2.1M | $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 | $1.3M | $6.5M | ||
| Q3 25 | $4.2M | $9.0M | ||
| Q2 25 | $-19.9M | $2.1M | ||
| Q1 25 | $-15.8M | $3.2M | ||
| Q4 24 | $-12.6M | $2.5M | ||
| Q3 24 | $-3.8M | $2.5M | ||
| Q2 24 | $-4.7M | $2.5M | ||
| Q1 24 | $-745.0K | $3.7M |
| Q4 25 | $135.4M | $8.1M | ||
| Q3 25 | $82.6M | $10.7M | ||
| Q2 25 | $59.3M | $8.6M | ||
| Q1 25 | $103.6M | $9.2M | ||
| Q4 24 | $105.5M | $9.1M | ||
| Q3 24 | $158.6M | $10.1M | ||
| Q2 24 | $195.2M | $8.8M | ||
| Q1 24 | $201.5M | $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 | $-12.1M | $-2.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $-2.4M | ||
| Q3 25 | $-4.6M | $-2.1M | ||
| Q2 25 | $-1.2M | $-401.0K | ||
| Q1 25 | $-1.7M | $-1.2M | ||
| Q4 24 | $555.0K | $-2.9M | ||
| Q3 24 | $-74.0K | $-3.2M | ||
| Q2 24 | $1.4M | $-1.7M | ||
| Q1 24 | $-1.5M | $-1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -173.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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 | -0.51× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
