Energy Focus vs Expion Energy
Expion Energy is the larger business, with $9.7m of revenue in fiscal 2025 against $3.6m for Energy Focus (2.7 times as much). Expion Energy grew faster (71.6% against -26.7%). Energy Focus kept more of each dollar of sales as profit: a net margin of -28.1% against -64.6%. Energy Focus carries less debt relative to equity (0.0% against 3.0%).
| Latest fiscal year | Energy FocusEFOI, 2025 | Expion EnergyXPON, 2025 |
|---|---|---|
| Revenue | $3.6m | $9.7m |
| Revenue growth | -26.7% | 71.6% |
| Net income | −$1.0m | −$6.2m |
| Operating margin | -28.8% | -110.9% |
| Net margin | -28.1% | -64.6% |
| Return on equity | -28.5% | -137.7% |
| Free cash flow | −$1.5m | −$6.1m |
| Cash | $1.1m | $3.0m |
| Total debt | $0 | $197,245 |
| Debt to equity | 0.0% | 3.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 8 | 22 |
| Market value | $25.6m | $3.5m |
| Price vs our value range | — | — |
| Moat score | 20 (Weak) | 18 (Weak) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 0 sales |