Upay Inc Financials
Upay Inc (UPYY) reported $746K in revenue for fiscal year 2026, up 4.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
UPAY is operating as a cash-constrained microbusiness, where modest gross profit is overwhelmed by fixed overhead.
Gross margin widened from52.7% in FY2024 to73.4% in FY2026, but cash burn persisted, showing the bottleneck sits above cost of revenue rather than in delivery. SG&A stayed around$994K while revenue was only$746K in FY2026, so better gross economics still could not cover the company’s overhead base.
The balance sheet looks funding-dependent: FY2026 ended with just
The loss picture is harsher than the cash picture: net loss was
Financial Health Signals
Upay Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Upay Inc scores -13.82, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($15.9M) relative to total liabilities ($741K). 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.
Upay Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Upay Inc reported a net loss of $1.4M while operations used $288K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Upay Inc reported an operating loss of $454K against $50K 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
Upay Inc generated $746K in revenue in fiscal year 2026. This represents an increase of 4.3% from the prior year.
Upay Inc's EBITDA was -$447K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.9% from the prior year.
Upay Inc reported -$1.4M in net income in fiscal year 2026. This represents a decrease of 160.5% from the prior year.
Upay Inc earned -$0.08 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 166.7% from the prior year.
Cash & Balance Sheet
Upay Inc recorded an outflow of $290K in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents an increase of 62.1% from the prior year.
Upay Inc held $96K in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Margins & Returns
Upay Inc's gross margin was 73.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 11.2 percentage points from the prior year.
Upay Inc's operating margin was -60.8% in fiscal year 2026, reflecting core business profitability. This is up 10.4 percentage points from the prior year.
Not shown for fiscal year 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2026.
Capital Allocation
Upay Inc invested $2K in capex in fiscal year 2026, funding long-term assets and infrastructure.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
UPYY 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 | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $802K | $746K+4.3% | $715K-48.7% | $1.4M+2.5% | $1.4M-6.8% | $1.5M+31.4% | $1.1M-19.0% | $1.4M+24.8% | $1.1M+41.2% | $778K+35.9% | $573K+68.1% | $341K |
| Cost of Revenue | $216K | $199K-26.6% | $271K-58.9% | $660K+14.8% | $575K+13.7% | $505K+68.6% | $300K-16.5% | $359K+31.7% | $273K+89.7% | $144K+122.8% | $65K+19.1% | $54K |
| Gross Profit | $587K | $548K+23.2% | $444K-39.5% | $735K-6.4% | $785K-17.7% | $953K+17.6% | $811K-20.0% | $1.0M+22.6% | $826K+30.2% | $634K+24.8% | $508K+77.4% | $287K |
| SG&A Expenses | $1.0M | $994K+5.1% | $946K-32.4% | $1.4M+70.5% | $820K-32.9% | $1.2M+31.4% | $929K-3.3% | $962K+17.3% | $820K+13.9% | $720K+30.4% | $552K+103.4% | $272K |
| Operating Income | -$426K | -$454K+10.9% | -$509K+25.4% | -$682K-664.1% | -$89K+72.4% | -$323K-85.9% | -$174K-4295.3% | -$4K+89.8% | -$39K+57.4% | -$91K-85.6% | -$49K-583.4% | $10K |
| Interest Expense | $51K | $50K+43.9% | $35K+3.6% | $33K+1.7% | $33K+111.0% | $16K+93.4% | $8K+13.9% | $7K+97.4% | $4K+1130.9% | $291-84.7% | $2K-11.0% | $2K |
| Income Tax | $0 | $0 | $0-100.0% | $34K+92.6% | $18K-56.8% | $41K | N/A | $17K+331.6% | $4K-21.5% | $5K-57.1% | $12K+227.1% | $4K |
| Net Income | -$1.4M | -$1.4M-160.5% | -$540K+26.6% | -$736K-443.4% | -$135K+63.3% | -$369K-105.4% | -$180K-4700.6% | -$4K+90.6% | -$40K+57.6% | -$94K-54.4% | -$61K-1445.7% | $5K |
| EPS (Diluted) | — | -$0.08-166.7% | -$0.03+25.0% | -$0.04-300.0% | -$0.01+50.0% | -$0.02 | N/A | $0.00 | $0.00 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, 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.
UPYY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $227K-2.9% | $234K-69.6% | $770K-7.6% | $833K-42.6% | $1.5M+131.4% | $627K+12.0% | $560K-46.3% | $1.0M+120.5% | $473K+30.1% | $364K+87.6% | $194K |
| Current Assets | $154K+4.0% | $148K-79.5% | $719K-1.9% | $733K-41.5% | $1.3M+198.6% | $419K+8.7% | $386K-51.7% | $799K+70.9% | $467K+31.7% | $355K+91.9% | $185K |
| Cash & Equivalents | $96K+73.9% | $55K-91.4% | $643K-3.0% | $663K-42.6% | $1.2M+275.4% | $308K+7.1% | $287K-58.4% | $691K+68.7% | $410K+55.8% | $263K+80.0% | $146K |
| Accounts Receivable | $45K+12.2% | $40K-45.9% | $73K+7.2% | $68K-26.1% | $93K-12.9% | $106K+11.9% | $95K-7.5% | $103K+86.3% | $55K-38.5% | $90K+180.2% | $32K |
| Total Liabilities | $741K+5.4% | $703K-31.4% | $1.0M-15.6% | $1.2M-28.8% | $1.7M+204.7% | $560K+50.2% | $373K-55.9% | $846K+97.7% | $428K+92.8% | $222K+133.0% | $95K |
| Current Liabilities | $420K-21.3% | $534K-43.7% | $949K-15.3% | $1.1M-26.4% | $1.5M+270.1% | $411K+18.7% | $346K-55.9% | $786K+83.5% | $428K+92.8% | $222K+149.1% | $89K |
| Total Equity | -$514K-9.6% | -$469K-84.0% | -$255K+33.3% | -$382K-49.5% | -$255K-480.8% | $67K-64.1% | $187K-5.3% | $197K+336.7% | $45K-68.1% | $142K+43.8% | $99K |
| Retained Earnings | -$3.6M-65.0% | -$2.2M-33.3% | -$1.6M-83.0% | -$887K-18.0% | -$752K-96.4% | -$383K-88.4% | -$203K-11.3% | -$182K-28.0% | -$143K-193.9% | -$49K-491.7% | $12K |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
UPYY 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 | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$232K | -$288K+62.3% | -$765K-425.1% | -$146K+59.7% | -$361K-145.8% | $789K+1030.5% | -$85K+78.5% | -$395K-229.4% | $305K+100.6% | $152K+155.7% | $59K+97.8% | $30K |
| Capital Expenditures | $3K | $2K | $0-100.0% | $24K+201.7% | $8K+95.0% | $4K-30.6% | $6K-26.7% | $8K+60.3% | $5K+82.7% | $3K-25.3% | $4K+164.5% | $1K |
| Free Cash Flow | -$235K | -$290K+62.1% | -$765K-350.6% | -$170K+54.0% | -$369K-147.0% | $785K+965.4% | -$91K+77.5% | -$403K-234.2% | $300K+100.9% | $149K+167.7% | $56K+94.6% | $29K |
| Investing Cash Flow | -$3K | -$2K | $0+100.0% | -$23K-224.2% | -$7K-75.2% | -$4K+84.2% | -$26K-221.7% | -$8K-60.3% | -$5K-82.7% | -$3K+25.3% | -$4K-202.1% | $4K |
| Financing Cash Flow | $275K | $320K+113.3% | $150K-19.1% | $185K+526.8% | $30K-64.5% | $83K-33.9% | $126K+8045.8% | $2K+132.3% | -$5K | N/A | $61K-25.9% | $83K |
| Share Buybacks | N/A | N/A | $0-100.0% | $24K | $0-100.0% | $150K | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, 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.
UPYY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.4%+11.2pp | 62.1%+9.4pp | 52.7%-5.0pp | 57.7%-7.6pp | 65.4%-7.6pp | 73.0%-0.8pp | 73.8%-1.4pp | 75.2%-6.3pp | 81.5%-7.2pp | 88.7%+4.6pp | 84.1% |
| Operating Margin | -60.8%+10.4pp | -71.1%-22.2pp | -48.9%-42.3pp | -6.6%+15.6pp | -22.1%-6.5pp | -15.7%-15.4pp | -0.3%+3.3pp | -3.5%+8.2pp | -11.7%-3.1pp | -8.6%-11.6pp | 3.0% |
| Net Margin | -188.5% | -75.5%-22.7pp | -52.8%-42.8pp | -10.0%+15.3pp | -25.3%-9.1pp | -16.2%-15.9pp | -0.3%+3.4pp | -3.6%+8.5pp | -12.1%-1.4pp | -10.6%-12.0pp | 1.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -267.7%-265.7pp | -2.0%+18.2pp | -20.2%+187.8pp | -208.0%-165.1pp | -42.9%-47.5pp | 4.6% |
| Return on Assets | -618.5%-387.9pp | -230.7%-135.1pp | -95.6%-79.3pp | -16.3%+9.1pp | -25.4%+3.2pp | -28.6%-27.9pp | -0.7%+3.1pp | -3.8%+16.0pp | -19.9%-3.1pp | -16.7%-19.1pp | 2.3% |
| Current Ratio | 0.37+0.1x | 0.28-0.5x | 0.76+0.1x | 0.65-0.2x | 0.82-0.2x | 1.02-0.1x | 1.11+0.1x | 1.02-0.1x | 1.09-0.5x | 1.60-0.5x | 2.07 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 8.35+6.4x | 2.00-2.3x | 4.29-5.2x | 9.47+7.9x | 1.57+0.6x | 0.97 |
| FCF Margin | -38.9% | -106.9% | -12.2%+15.0pp | -27.1%-80.9pp | 53.8%+62.0pp | -8.2%+21.2pp | -29.4%-56.7pp | 27.3%+8.1pp | 19.2%+9.5pp | 9.7%+1.3pp | 8.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$514K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Upay Inc Ranks
Frequently Asked Questions
What is Upay Inc's annual revenue?
Upay Inc (UPYY) reported $746K in total revenue for fiscal year 2026. This represents a 4.3% 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 Upay Inc's revenue growing?
Upay Inc (UPYY) revenue grew by 4.3% year-over-year, from $715K to $746K in fiscal year 2026.
Is Upay Inc profitable?
No, Upay Inc (UPYY) reported a net income of -$1.4M in fiscal year 2026.
What is Upay Inc's EBITDA?
Upay Inc (UPYY) had EBITDA of -$447K in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Upay Inc's gross margin?
Upay Inc (UPYY) had a gross margin of 73.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Upay Inc's operating margin?
Upay Inc (UPYY) had an operating margin of -60.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Upay Inc's free cash flow?
Upay Inc (UPYY) recorded an outflow of $290K in free cash flow during fiscal year 2026. This represents a 62.1% 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 Upay Inc's operating cash flow?
Upay Inc (UPYY) recorded an outflow of $288K in operating cash flow during fiscal year 2026, representing cash used by core business activities.
What are Upay Inc's total assets?
Upay Inc (UPYY) had $227K in total assets as of fiscal year 2026, including both current and long-term assets.
What are Upay Inc's capital expenditures?
Upay Inc (UPYY) invested $2K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Upay Inc's current ratio?
Upay Inc (UPYY) had a current ratio of 0.37 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Upay Inc's return on assets (ROA)?
Upay Inc (UPYY) had a return on assets of -618.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Upay Inc's cash runway?
Based on fiscal year 2026 data, Upay Inc (UPYY) had $96K in cash against an annual operating cash burn of $288K. 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.
Why is Upay Inc's debt-to-equity ratio negative or not reported?
Upay Inc (UPYY) has negative shareholder equity of -$514K as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Upay Inc's Altman Z-Score?
Upay Inc (UPYY) has an Altman Z-Score of -13.82, 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 Upay Inc's Piotroski F-Score?
Upay Inc (UPYY) 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 Upay Inc's earnings high quality?
Upay Inc (UPYY) reported a net loss of $1.4M while operations used $288K 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 Upay Inc cover its interest payments?
Upay Inc (UPYY) reported an operating loss of $454K against $50K 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.