UPAY INC (UPYY) Financials
Newest figures come from the 10-Q for Q1 FY2027, filed Jul 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the UPYY SEC filings page.
UPAY INC (UPYY) reported $802K in revenue over the twelve months to May 31, 2026, up 27.7% from the prior twelve months. 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).
The business now converts a smaller revenue base into higher gross margin, but fixed overhead and financing needs still dominate operations.
From FY2024 to FY2026, revenue fell from$1.4M to$746K while gross margin rose from52.7% to73.4% ; that combination points to a changed revenue or cost mix rather than scale-driven growth. Yet FY2026 operating margin remained-60.8% because SG&A reached$994K against$548K of gross profit, showing that improved unit economics have not covered the operating structure.
FY2026 operating cash flow of
A current ratio of 0.4 and a reported liquidity comparison of four months show that short-term funding conditions matter to the business. Total liabilities of
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 $226K in revenue in Q1 2027. This represents an increase of 32.8% from the same quarter a year earlier. Against the prior quarter it is up 11.9%.
UPAY INC's EBITDA was -$101K in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.4% from the same quarter a year earlier. Against the prior quarter it is up 1.3%.
UPAY INC reported -$115K in net income in Q1 2027. This represents an increase of 18.7% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.
UPAY INC earned -$0.01 per diluted share (EPS) in Q1 2027. That is unchanged from the same quarter a year earlier.
Cash & Balance Sheet
UPAY INC recorded an outflow of $75K in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents an increase of 42.3% from the same quarter a year earlier. Against the prior quarter it is down 152.9%.
UPAY INC held $92K in cash as of Q1 2027; long-term debt is not reported for that period.
Not reported for Q1 2027.
Margins & Returns
UPAY INC's gross margin was 73.8% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.7 percentage points.
UPAY INC's operating margin was -45.5% in Q1 2027, reflecting core business profitability. This is up 31.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.1 percentage points.
UPAY INC's net profit margin was -51.0% in Q1 2027, showing the share of revenue converted to profit. This is up 32.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
Not reported for Q1 2027.
Capital Allocation
UPAY INC invested $1K in capex in Q1 2027, funding long-term assets and infrastructure. Against the prior quarter it is up 3.3%.
Not reported for Q1 2027.
Not reported for Q1 2027.
UPYY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $226K+32.8% | $202K+45.0% | $185K+22.8% | $189K+12.4% | $170K-33.8% | $140K-58.1% | $150K-58.7% | $168K-53.8% |
| Cost of Revenue | $59K+39.5% | $56K+32.0% | $55K+22.8% | $45K-8.5% | $43K-68.3% | $43K-75.4% | $44K-73.6% | $49K-68.8% |
| Gross Profit | $167K+30.6% | $146K+50.7% | $130K+22.7% | $144K+21.1% | $128K+4.0% | $97K-39.2% | $106K-46.0% | $119K-42.3% |
| SG&A Expenses | $268K+4.5% | $248K+97.5% | $242K-5.1% | $247K-17.8% | $257K-2.8% | $126K-63.8% | $255K-48.1% | $301K-18.7% |
| Operating Income | -$103K+21.2% | -$104K-249.4% | -$113K+24.8% | -$105K+42.9% | -$131K+9.3% | -$30K+84.3% | -$151K+49.3% | -$184K-9.6% |
| EBITDA | -$101K+21.4% | -$103K-266.2% | -$112K+25.0% | -$104K+43.2% | -$129K+9.3% | -$28K+85.1% | -$149K+49.5% | -$182K-10.7% |
| Interest Expense | $13K+10.6% | $11K+19.3% | $13K+54.1% | $14K+69.6% | $12K+36.4% | $9K+12.2% | $9K+3.9% | $8K-4.2% |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0 | $0 |
| Net Income | -$115K+18.7% | -$115K-196.5% | -$1.0M-548.4% | -$117K+38.7% | -$142K+5.8% | -$39K+82.9% | -$159K+47.3% | -$191K-9.6% |
| EPS (Basic) | -$0.010.0% | $0.00 | -$0.06-500.0% | -$0.010.0% | -$0.010.0% | $0.00+100.0% | -$0.01+50.0% | -$0.010.0% |
| EPS (Diluted) | -$0.010.0% | $0.00 | -$0.06-500.0% | -$0.01 | -$0.010.0% | $0.00+100.0% | -$0.01+50.0% | -$0.010.0% |
| Diluted Shares (Avg) | 17M+2.9% | N/A | 17M+2.3% | 17M | 17M+4.3% | N/A | 17M+3.1% | 16M-5.2% |
Not reported in any period shown, so not listed: R&D Expenses.
UPYY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $224K+12.7% | $227K-2.9% | $212K+25.5% | $173K-16.2% | $199K-40.7% | $234K-69.6% | $169K-82.9% | $207K-74.1% |
| Current Assets | $158K+37.0% | $154K+4.0% | $137K+0.5% | $94K-43.1% | $116K-60.3% | $148K-79.5% | $136K-85.3% | $166K-77.4% |
| Cash & Equivalents | $92K+110.2% | $96K+73.9% | $67K+111.1% | $36K-70.9% | $44K-81.1% | $55K-91.4% | $32K-96.2% | $122K-81.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $54K+44.5% | $45K+12.2% | $57K+63.0% | $41K+34.8% | $38K-19.4% | $40K-45.9% | $35K-53.8% | $31K-55.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $807K+4.1% | $741K+5.4% | $698K+32.6% | $834K+59.4% | $776K+18.4% | $703K-31.4% | $526K-52.9% | $523K-51.2% |
| Current Liabilities | $538K+9.8% | $420K-21.3% | $336K-25.4% | $504K+12.6% | $490K-15.3% | $534K-43.7% | $450K-56.6% | $447K-54.7% |
| Non-Current Liabilities | $269K-5.7% | $321K+90.1% | $362K+375.7% | $330K+333.8% | $285K+274.7% | $169K+121.7% | $76K-4.4% | $76K-10.2% |
| Total Equity | -$583K-1.1% | -$514K-9.6% | -$486K-36.0% | -$661K-108.7% | -$577K-80.7% | -$469K-84.0% | -$358K-173.7% | -$317K-14.7% |
| Retained Earnings | -$3.7M-60.1% | -$3.6M-65.0% | -$3.5M-62.6% | -$2.4M-23.3% | -$2.3M-30.0% | -$2.2M-33.3% | -$2.1M-52.2% | -$2.0M-79.7% |
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$74K+43.2% | -$29K-24.4% | -$71K+22.1% | -$58K+74.2% | -$131K+69.3% | -$23K+87.7% | -$91K-175.0% | -$225K-515.8% |
| Depreciation & Amortization | $2K-5.6% | $2K-6.2% | $2K-12.2% | $2K-9.9% | $2K-9.8% | $2K-2.6% | $2K-22.4% | $2K-43.8% |
| Capital Expenditures | $1K | $1K | $12 | $830 | $0 | $0-100.0% | $0-100.0% | N/A |
| Free Cash Flow | -$75K+42.3% | -$30K-29.4% | -$71K+22.0% | -$59K | -$131K | -$23K+87.7% | -$91K-175.6% | N/A |
| Investing Cash Flow | -$1K | -$1K | -$12 | -$830 | $0 | $0-100.0% | $0+100.0% | N/A |
| Financing Cash Flow | $75K-37.5% | $50K0.0% | $100K | $50K-50.0% | $120K | $50K+2499900.0% | $0-100.0% | $100K+4.2% |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
UPYY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8%-1.3pp | 72.1%+2.7pp | 70.5%0.0pp | 76.1%+5.5pp | 75.0%+27.2pp | 69.3%+21.6pp | 70.5%+16.6pp | 70.6%+14.1pp |
| Operating Margin | -45.5%+31.2pp | -51.5%-30.1pp | -61.4% | -55.7% | -76.6%-20.7pp | -21.4%+35.7pp | -100.3% | -109.6% |
| Net Margin | -51.0%+32.3pp | -57.0%-29.1pp | -559.1% | -62.1% | -83.3%-24.8pp | -27.9%+40.3pp | -105.9% | -113.8% |
| Return on Assets | -51.4%+19.9pp | -50.7%-34.1pp | -487.2%-392.9pp | -67.7%+24.9pp | -71.3%-26.5pp | -16.6%+12.9pp | -94.3%-63.7pp | -92.6%-70.6pp |
| Current Ratio | 0.29+0.1x | 0.37+0.1x | 0.41+0.1x | 0.19-0.2x | 0.24-0.3x | 0.28-0.5x | 0.30-0.6x | 0.37-0.4x |
| Asset Turnover | 1.01+0.2x | 0.89+0.3x | 0.870.0x | 1.09+0.3x | 0.86+0.1x | 0.60+0.2x | 0.89+0.5x | 0.81+0.4x |
| FCF Margin | -33.3%+43.4pp | -14.7%+1.8pp | -38.3%+22.0pp | -31.2% | -76.7% | -16.5%+39.5pp | -60.2%-93.1pp | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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: Operating Margin, Net 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| UPAY INC UPYY | FY2026 | $746K | -$1.4M | N/A | $15.9M | — |
| PAID INC PAYD | FY2025 | $20.7M | -$368K | -1.8% | $21.2M | — |
| LATCH INC LTCH | FY2025 | $70.1M | -$53.7M | -76.6% | $26.6M | — |
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.
How does UPAY INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2026, UPAY INC (UPYY) held $96K in cash, cash equivalents and investments, and reported an operating cash outflow of $288K over that year. Dividing the one by the other, the reported balance equals about 4 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
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.