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Side-by-side financial comparison of Expion360 Inc. (XPON) and XTI Aerospace, Inc. (XTIA). Click either name above to swap in a different company.

XTI Aerospace, Inc. is the larger business by last-quarter revenue ($2.5M vs $2.2M, roughly 1.1× Expion360 Inc.). Expion360 Inc. runs the higher net margin — -199.9% vs -541.3%, a 341.4% gap on every dollar of revenue. On growth, XTI Aerospace, Inc. posted the faster year-over-year revenue change (170.6% vs 11.8%).

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.

Nextant Aerospace is a United States–based company specializing in the remanufacturing of business jets. Founded in 2007, Nextant is the first company to introduce the concept of aircraft remanufacturing to the business jet market.

XPON vs XTIA — Head-to-Head

Bigger by revenue
XTIA
XTIA
1.1× larger
XTIA
$2.5M
$2.2M
XPON
Growing faster (revenue YoY)
XTIA
XTIA
+158.8% gap
XTIA
170.6%
11.8%
XPON
Higher net margin
XPON
XPON
341.4% more per $
XPON
-199.9%
-541.3%
XTIA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
XPON
XPON
XTIA
XTIA
Revenue
$2.2M
$2.5M
Net Profit
$-4.4M
$-13.4M
Gross Margin
-14.8%
43.4%
Operating Margin
-234.4%
-596.2%
Net Margin
-199.9%
-541.3%
Revenue YoY
11.8%
170.6%
Net Profit YoY
-1663.2%
-203.2%
EPS (diluted)
$-0.45
$-0.61

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
XPON
XPON
XTIA
XTIA
Q4 25
$2.2M
Q3 25
$2.4M
$2.5M
Q2 25
$3.0M
$600.0K
Q1 25
$2.0M
$484.0K
Q4 24
$2.0M
$1.0M
Q3 24
$1.4M
$918.0K
Q2 24
$1.3M
$1.0M
Q1 24
$971.9K
Net Profit
XPON
XPON
XTIA
XTIA
Q4 25
$-4.4M
Q3 25
$722.8K
$-13.4M
Q2 25
$-1.4M
$-20.9M
Q1 25
$-1.2M
$-12.9M
Q4 24
$-251.6K
Q3 24
$-8.8M
$-4.4M
Q2 24
$-2.2M
$-14.7M
Q1 24
$-2.2M
Gross Margin
XPON
XPON
XTIA
XTIA
Q4 25
-14.8%
Q3 25
22.7%
43.4%
Q2 25
20.8%
80.5%
Q1 25
24.5%
69.2%
Q4 24
22.1%
54.7%
Q3 24
12.1%
56.6%
Q2 24
25.5%
64.2%
Q1 24
22.9%
Operating Margin
XPON
XPON
XTIA
XTIA
Q4 25
-234.4%
Q3 25
-125.4%
-596.2%
Q2 25
-45.2%
-1855.0%
Q1 25
-56.0%
-2149.2%
Q4 24
-59.5%
Q3 24
-138.7%
-459.3%
Q2 24
-131.4%
-1350.8%
Q1 24
-202.4%
Net Margin
XPON
XPON
XTIA
XTIA
Q4 25
-199.9%
Q3 25
30.2%
-541.3%
Q2 25
-45.8%
-3476.3%
Q1 25
-56.2%
-2659.5%
Q4 24
-12.7%
Q3 24
-634.4%
-483.1%
Q2 24
-173.7%
-1426.8%
Q1 24
-225.6%
EPS (diluted)
XPON
XPON
XTIA
XTIA
Q4 25
$-0.45
Q3 25
$0.10
$-0.61
Q2 25
$-0.41
$-2.93
Q1 25
$-0.37
$-3.80
Q4 24
$65.02
Q3 24
$-24.55
$-33.40
Q2 24
$-30.20
$-261.99
Q1 24
$-31.30

Balance Sheet & Financial Strength

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

Metric
XPON
XPON
XTIA
XTIA
Cash + ST InvestmentsLiquidity on hand
$3.0M
$32.2M
Total DebtLower is stronger
$197.2K
Stockholders' EquityBook value
$6.5M
$10.5M
Total Assets
$8.1M
$47.9M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
XPON
XPON
XTIA
XTIA
Q4 25
$3.0M
Q3 25
$4.3M
$32.2M
Q2 25
$684.9K
$20.0M
Q1 25
$1.1M
$8.0M
Q4 24
$547.6K
$4.0M
Q3 24
$3.3M
$511.0K
Q2 24
$902.3K
$5.8M
Q1 24
$2.3M
Total Debt
XPON
XPON
XTIA
XTIA
Q4 25
$197.2K
Q3 25
$205.6K
Q2 25
$213.6K
$65.0K
Q1 25
$221.8K
$65.0K
Q4 24
$230.2K
$65.0K
Q3 24
$239.9K
Q2 24
$247.7K
Q1 24
$255.4K
Stockholders' Equity
XPON
XPON
XTIA
XTIA
Q4 25
$6.5M
Q3 25
$9.0M
$10.5M
Q2 25
$2.1M
$12.4M
Q1 25
$3.2M
$13.9M
Q4 24
$2.5M
$6.6M
Q3 24
$2.5M
$6.9M
Q2 24
$2.5M
$10.6M
Q1 24
$3.7M
Total Assets
XPON
XPON
XTIA
XTIA
Q4 25
$8.1M
Q3 25
$10.7M
$47.9M
Q2 25
$8.6M
$35.4M
Q1 25
$9.2M
$27.1M
Q4 24
$9.1M
$24.3M
Q3 24
$10.1M
$29.3M
Q2 24
$8.8M
$34.0M
Q1 24
$10.0M
Debt / Equity
XPON
XPON
XTIA
XTIA
Q4 25
0.03×
Q3 25
0.02×
Q2 25
0.10×
0.01×
Q1 25
0.07×
0.00×
Q4 24
0.09×
0.01×
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
XPON
XPON
XTIA
XTIA
Operating Cash FlowLast quarter
$-2.4M
$-8.4M
Free Cash FlowOCF − Capex
$-8.4M
FCF MarginFCF / Revenue
-338.0%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-52.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
XPON
XPON
XTIA
XTIA
Q4 25
$-2.4M
Q3 25
$-2.1M
$-8.4M
Q2 25
$-401.0K
$-6.7M
Q1 25
$-1.2M
$-15.2M
Q4 24
$-2.9M
$-22.3M
Q3 24
$-3.2M
$-6.1M
Q2 24
$-1.7M
$-5.6M
Q1 24
$-1.7M
Free Cash Flow
XPON
XPON
XTIA
XTIA
Q4 25
Q3 25
$-8.4M
Q2 25
$-6.8M
Q1 25
$-15.3M
Q4 24
$-22.4M
Q3 24
$-6.2M
Q2 24
$-5.7M
Q1 24
$-1.7M
FCF Margin
XPON
XPON
XTIA
XTIA
Q4 25
Q3 25
-338.0%
Q2 25
-1133.2%
Q1 25
-3158.5%
Q4 24
-2166.0%
Q3 24
-670.0%
Q2 24
-548.0%
Q1 24
-173.1%
Capex Intensity
XPON
XPON
XTIA
XTIA
Q4 25
Q3 25
0.9%
Q2 25
9.7%
Q1 25
9.3%
Q4 24
6.6%
Q3 24
3.9%
Q2 24
1.1%
Q1 24
1.1%
Cash Conversion
XPON
XPON
XTIA
XTIA
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.

Revenue Breakdown by Segment

XPON
XPON

Segment breakdown not available.

XTIA
XTIA

Short Term Contract With Customer$2.1M85%
Other$374.0K15%

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