Neovolta vs Expion Energy
Neovolta is the larger business, with $13.3m of revenue in fiscal 2026 against $9.7m for Expion Energy (1.4 times as much). Expion Energy grew faster (71.6% against 58.2%). Expion Energy kept more of each dollar of sales as profit: a net margin of -64.6% against -161.0%. Neovolta carries less debt relative to equity (2.8% against 3.0%).
| Latest fiscal year | NeovoltaNEOV, 2026 | Expion EnergyXPON, 2025 |
|---|---|---|
| Revenue | $13.3m | $9.7m |
| Revenue growth | 58.2% | 71.6% |
| Net income | −$21.5m | −$6.2m |
| Operating margin | -136.1% | -110.9% |
| Net margin | -161.0% | -64.6% |
| Return on equity | -101.1% | -137.7% |
| Free cash flow | −$16.0m | −$6.1m |
| Cash | $22.2m | $3.0m |
| Total debt | $1.1m | $197,245 |
| Debt to equity | 2.8% | 3.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 22 |
| Market value | $121m | $3.5m |
| Price vs our value range | — | — |
| Moat score | 30 (Weak) | 18 (Weak) |
| Insider trades, 12 months | 4 buys, 0 sales | 0 buys, 0 sales |