Upexi Inc Financials
Upexi Inc (UPXI) reported $15.8M in revenue for fiscal year 2025, down 39.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 was defined by recapitalization and asset redeployment, while the core revenue base stayed too small to cover overhead.
What looks like deleveraging was really a balance-sheet recap: FY2025 brought$110.0M of financing inflow, yet cash ended at only$3.0M , so the capital was largely redeployed instead of sitting as operating liquidity.
The business still shows positive gross economics—gross margin reached
From FY2024 to FY2025, total assets jumped from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Upexi Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Upexi Inc, and counted as zero in the overall score.
Not available for Upexi Inc, and counted as zero in the overall score.
Upexi Inc scores 0.50, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($64.7M) relative to total liabilities ($33.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Upexi Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Upexi Inc reported a net loss of $13.7M while operations used $8.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Upexi Inc reported an operating loss of $12.5M against $104K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Upexi Inc generated $15.8M in revenue in fiscal year 2025. This represents a decrease of 39.2% from the prior year.
Upexi Inc's EBITDA was -$11.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.5% from the prior year.
Upexi Inc reported -$13.7M in net income in fiscal year 2025. This represents an increase of 42.2% from the prior year.
Cash & Balance Sheet
Upexi Inc recorded an outflow of $8.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 752.2% from the prior year.
Upexi Inc held $3.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Upexi Inc's gross margin was 68.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 19.4 percentage points from the prior year.
Upexi Inc's operating margin was -79.1% in fiscal year 2025, reflecting core business profitability. This is up 7.3 percentage points from the prior year.
Upexi Inc's net profit margin was -86.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.4 percentage points from the prior year.
Upexi Inc's ROE was -15.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 347.9 percentage points from the prior year.
Capital Allocation
Upexi Inc invested $388K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 58.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
UPXI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $26.1M | $15.8M-39.2% | $26.0M-28.7% | $36.4M+58.0% | $23.1M-4.3% | $24.1M+225.0% | $7.4M |
| Cost of Revenue | $3.4M | $4.9M-62.5% | $13.2M-14.6% | $15.4M+88.2% | $8.2M-32.8% | $12.2M+151.8% | $4.8M |
| Gross Profit | $22.7M | $10.9M-15.3% | $12.8M-39.0% | $21.0M+41.4% | $14.9M+25.0% | $11.9M+363.0% | $2.6M |
| SG&A Expenses | $26.1M | $11.9M+76.3% | $6.8M-1.5% | $6.9M-24.8% | $9.1M+41.9% | $6.4M+6.7% | $6.0M |
| Operating Income | -$219.5M | -$12.5M+44.4% | -$22.5M-82.9% | -$12.3M-89.3% | -$6.5M-554.8% | $1.4M+129.5% | -$4.8M |
| Interest Expense | $49K | $104K+4.2% | $100K+102.1% | -$4.7M-12417.2% | $38K+174.6% | $14K-89.9% | $138K |
| Income Tax | $0 | $0+100.0% | -$332K-110.9% | $3.0M+488.2% | $518K-59.6% | $1.3M | $0 |
| Net Income | -$228.4M | -$13.7M+42.2% | -$23.7M-35.3% | -$17.5M-754.8% | -$2.0M-168.7% | $3.0M+155.3% | -$5.4M |
| EPS (Diluted) | — | -$1.73 | -$23.03 | -$18.94 | -$0.43 | $0.21+139.6% | -$0.53 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
UPXI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $123.8M+426.6% | $23.5M-63.1% | $63.8M+31.6% | $48.5M+77.9% | $27.3M+325.7% | $6.4M |
| Current Assets | $56.8M+397.2% | $11.4M-62.0% | $30.0M+75.9% | $17.1M-6.7% | $18.3M+590.4% | $2.6M |
| Cash & Equivalents | $3.0M+349.8% | $661K-85.3% | $4.5M-37.2% | $7.1M-50.8% | $14.5M+1537.6% | $888K |
| Inventory | $1.2M-19.5% | $1.4M-70.2% | $4.8M-58.4% | $11.6M+451.7% | $2.1M+44.6% | $1.4M |
| Accounts Receivable | $158K-74.0% | $607K-46.1% | $1.1M+19.7% | $940K-26.4% | $1.3M+673.7% | $165K |
| Goodwill | $849K0.0% | $849K-70.6% | $2.9M-37.9% | $4.6M+92.4% | $2.4M0.0% | $2.4M |
| Total Liabilities | $33.7M+98.3% | $17.0M-52.7% | $36.0M+82.5% | $19.7M+226.4% | $6.0M+43.0% | $4.2M |
| Current Liabilities | $32.6M+157.3% | $12.7M-43.5% | $22.4M+121.1% | $10.1M+74.0% | $5.8M+65.3% | $3.5M |
| Long-Term Debt | N/A | N/A | $27.7M | N/A | N/A | N/A |
| Total Equity | $90.1M+1282.7% | $6.5M-76.6% | $27.8M-3.3% | $28.8M+35.7% | $21.2M+873.6% | $2.2M |
| Retained Earnings | -$60.5M-29.2% | -$46.9M-102.0% | -$23.2M-270.0% | -$6.3M-50.4% | -$4.2M+41.3% | -$7.1M |
UPXI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$21.5M | -$8.4M-8208.7% | -$101K-150.0% | $203K+212.1% | -$181K-106.2% | $2.9M+170.6% | -$4.2M |
| Capital Expenditures | $234K | $388K-58.4% | $933K-0.5% | $938K-82.8% | $5.5M+283.4% | $1.4M-26.3% | $1.9M |
| Free Cash Flow | -$21.8M | -$8.8M-752.2% | -$1.0M-40.7% | -$735K+87.0% | -$5.6M-471.3% | $1.5M+124.9% | -$6.1M |
| Investing Cash Flow | -$134.0M | -$99.3M-2841.4% | -$3.4M-31.1% | -$2.6M+76.4% | -$10.9M-751.2% | -$1.3M+12.4% | -$1.5M |
| Financing Cash Flow | $158.8M | $110.0M+31200.4% | -$354K-24.0% | -$285K-107.7% | $3.7M-69.1% | $12.0M+325.5% | $2.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
UPXI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Gross Margin | 68.7%+19.4pp | 49.3%-8.4pp | 57.7%-6.8pp | 64.5%+15.1pp | 49.4%+14.7pp | 34.7% |
| Operating Margin | -79.1%+7.3pp | -86.4%-52.7pp | -33.7%-5.6pp | -28.1%-34.1pp | 5.9%+71.2pp | -65.3% |
| Net Margin | -86.6%+4.4pp | -91.0%-43.0pp | -48.0%-39.1pp | -8.9%-21.2pp | 12.4%+85.0pp | -72.6% |
| Return on Equity | -15.2%+347.9pp | -363.1%-300.3pp | -62.8%-55.7pp | -7.1%-21.1pp | 14.0%+261.1pp | -247.1% |
| Return on Assets | -11.1%+89.6pp | -100.6%-73.2pp | -27.4%-23.2pp | -4.2%-15.2pp | 10.9%+95.0pp | -84.1% |
| Current Ratio | 1.74+0.8x | 0.90-0.4x | 1.34-0.3x | 1.68-1.5x | 3.14+2.4x | 0.75 |
| Debt-to-Equity | 0.37-2.2x | 2.61+1.6x | 1.00+0.3x | 0.68+0.4x | 0.28-1.7x | 1.94 |
| FCF Margin | -55.7%-51.7pp | -4.0%-2.0pp | -2.0%+22.4pp | -24.4%-30.7pp | 6.3%+88.5pp | -82.2% |
Similar Companies
Where Upexi Inc Ranks
Frequently Asked Questions
What is Upexi Inc's annual revenue?
Upexi Inc (UPXI) reported $15.8M in total revenue for fiscal year 2025. This represents a -39.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Upexi Inc's revenue growing?
Upexi Inc (UPXI) revenue declined by 39.2% year-over-year, from $26.0M to $15.8M in fiscal year 2025.
Is Upexi Inc profitable?
No, Upexi Inc (UPXI) reported a net income of -$13.7M in fiscal year 2025, with a net profit margin of -86.6%.
What is Upexi Inc's EBITDA?
Upexi Inc (UPXI) had EBITDA of -$11.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Upexi Inc's gross margin?
Upexi Inc (UPXI) had a gross margin of 68.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Upexi Inc's operating margin?
Upexi Inc (UPXI) had an operating margin of -79.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Upexi Inc's net profit margin?
Upexi Inc (UPXI) had a net profit margin of -86.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Upexi Inc's return on equity (ROE)?
Upexi Inc (UPXI) has a return on equity of -15.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Upexi Inc's free cash flow?
Upexi Inc (UPXI) recorded an outflow of $8.8M in free cash flow during fiscal year 2025. This represents a -752.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Upexi Inc's operating cash flow?
Upexi Inc (UPXI) recorded an outflow of $8.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Upexi Inc's total assets?
Upexi Inc (UPXI) had $123.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Upexi Inc's capital expenditures?
Upexi Inc (UPXI) invested $388K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Upexi Inc's current ratio?
Upexi Inc (UPXI) had a current ratio of 1.74 as of fiscal year 2025, which is generally considered healthy.
What is Upexi Inc's debt-to-equity ratio?
Upexi Inc (UPXI) had a debt-to-equity ratio of 0.37 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Upexi Inc's return on assets (ROA)?
Upexi Inc (UPXI) had a return on assets of -11.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Upexi Inc's cash runway?
Based on fiscal year 2025 data, Upexi Inc (UPXI) had $3.0M in cash against an annual operating cash burn of $8.4M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Upexi Inc's Altman Z-Score?
Upexi Inc (UPXI) has an Altman Z-Score of 0.50, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Upexi Inc's Piotroski F-Score?
Upexi Inc (UPXI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Upexi Inc's earnings high quality?
Upexi Inc (UPXI) reported a net loss of $13.7M while operations used $8.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Upexi Inc cover its interest payments?
Upexi Inc (UPXI) reported an operating loss of $12.5M against $104K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Upexi Inc?
Upexi Inc (UPXI) scores 10 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.