Here are the 10-K annual reports from UPAY Inc (UPYY) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow UPYY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UPYY filings page.
UPAY, Inc. reports modest revenue growth but deeper losses for the year ended February 28, 2026. Revenue rose to $746,311 from $715,269, mainly from South African ACPAS lending software and related fintech services. Gross profit improved to $547,510, but expenses and financing costs more than offset this.
The company recorded a net loss of $1,406,623 versus $540,062 a year earlier, driven largely by a $904,400 loss on settlement of debt and higher interest and general and administrative expenses. UPAY ended the year with a working capital deficit of $266,715, cash of $96,279, and a stockholders’ deficit of $513,858, relying on related-party financing of $320,000 during the year.
Auditors issued a going concern emphasis, citing recurring losses and a significant accumulated deficit of $3,569,874. Management plans to fund roughly $70,000 in estimated monthly cash needs through South African operations and additional financing while pursuing growth in ACPAS, AML GO compliance software, and HUNTPAL’s “Hunt Now–Pay Later” hunting marketplace in South Africa and the United States.