The ending

Sage realizes she miscalculated and sb is helping homelander get v1. Sage gives kimiko the chest blast. Homelander kills Frenchie. Homelander kills sage. Kimiko is lasered by homelander. Kimiko chest blasts homelander from her dismembered ass cheeks

Everyone loses their powers. Butcher dies to cancer. Ryan is chest blast immune and kills homelander. Starlight And hughie get married. Mother milk is mortally wounded but kills depowered soldier boy.

Corny line about “Vought has fallen” (vought rising)