UPXI Nasdaq Finance Services Financials FY2020βFY2026
Upexi, Inc. had $25.0M of revenue in fiscal 2026, up 58.1% on the year before. Over five years, revenue changed +0.7% a year on average.
Last close Β· Oct 23, 2026
$0.77
4.4%Hi! I read Upexi, Inc.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+58.1%
Yes. Sales grew 58.1% last year.
Does it make a profit?
β984.3%
No. It lost money last year.
Does profit turn into cash?
β84.0%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Upexi, Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 10, 2026
Tuesday Β· in 15 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Sep 17, 2026 | Q4 '26 | After the market closes | 8-K β |
| May 12, 2026 | Q3 '26 | Time not announced | 8-K β |
| Feb 9, 2026 | Q2 '26 | Time not announced | 8-K β |
| Nov 11, 2025 | Q1 '26 | Time not announced | 8-K β |
| Sep 24, 2025 | Q4 '25 | Time not announced | 8-K β |
| May 16, 2025 | Q3 '25 | After the market closes | 8-K β |
| Feb 14, 2025 | Q2 '25 | After the market closes | 10-Q β |
| Dec 19, 2024 | Q1 '25 | After the market closes | 10-Q β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Upexi, Inc. had $25.0M of revenue in fiscal 2026, up 58.1% on the year before. Over five years, revenue changed +0.7% a year on average. Its operating margin was β963.5%, down 884.4Β pts: of every 100 in sales, about β963 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Upexi, Inc. lost $246M in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$21.0M in fiscal 2026, β84.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Upexi, Inc. returned $2.8M to shareholders in fiscal 2026. The diluted share count rose 702.8%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Upexi, Inc. owes $71.0M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Upexi, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $7.1M | $4.6M | $0.7M | $3.0M | $5.8M |
| Debt incl. finance leases | β | $27.7M | $0.0M | $20.0M | $76.8M |
| Debt / equity | β | 1.0x | 0.0x | 0.2x | β |
| Interest coverage | β169.4x | β | β225.5x | β120.4x | β3,841.2x |
| Current ratio | 1.7x | 1.3x | 0.9x | 1.7x | 1.6x |
| Quick ratio | 0.5x | 1.1x | 0.8x | 1.7x | 1.6x |
| Total assets | $48.5M | $63.8M | $23.5M | $124M | $180M |
| Total liabilities | $19.7M | $36.0M | $17.0M | $33.7M | $234M |
| Shareholders' equity | $28.8M | $27.8M | $6.5M | $90.1M | β$53.8M |
| Net debt (β = net cash) | β | $23.2M | β$0.7M | $17.0M | $71.0M |
KIRA Β· Its return on capital was β1,106.0%: every 100 invested in the business earned about β1,106 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Upexi, Inc. passes 3 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 8 | 2 / 8 | 4 / 8 | 3 / 9 | 4 / 9 | 3 / 9 |
| Accruals ratio | β19.1% | 0.2% | β4.9% | β31.5% | β54.0% | β7.1% | β148.1% |
| Altman Z'' | β9.04 | 6.55 | 1.15 | β0.88 | β12.86 | 1.82 | β13.11 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $7.4M | $24.1M | $23.1M | $36.4M | $26.0M | $15.8M | $25.0M |
| Net interest income | $0.1M | $0.5M | β$0.2M | β$4.7M | β$3.1M | β$1.2M | β |
| Gross profit | $2.6M | $11.9M | $14.9M | $21.0M | $12.8M | $10.9M | $22.4M |
| Operating income | β$4.8M | $1.4M | β$6.5M | β$12.3M | β$22.5M | β$12.5M | β$241M |
| Interest expense | β | $0.0M | $0.0M | β | $0.1M | $0.1M | $0.1M |
| Pretax income | β$5.4M | $1.7M | β$6.4M | β$17.0M | β$25.6M | β$13.7M | β$246M |
| Income tax | $0.0M | $1.3M | $0.5M | $3.0M | β$0.3M | $0.0M | $0.0M |
| Net income | β$5.4M | $3.0M | β$2.0M | β$17.5M | β$23.7M | β$13.7M | β$246M |
| Net income to common | β$5.4M | $3.0M | β | β | β | β | β |
| Diluted EPS | β$0.53 | $0.21 | β$0.43 | β$18.94 | β$23.03 | β$1.73 | β$3.87 |
| Diluted shares | 0.01B | 0.01B | 0.02B | 0.00B | 0.00B | 0.01B | 0.06B |
| Cash flow | |||||||
| Cash from operations | β$4.2M | $2.9M | β$0.2M | $0.2M | β$0.1M | β$8.4M | β$21.0M |
| Capital expenditure | $1.9M | $1.4M | $5.5M | $0.9M | $0.9M | $0.4M | $0.0M |
| Free cash flow | β$6.1M | $1.5M | β$5.6M | β$0.7M | β$1.0M | β$8.8M | β$21.0M |
| Depreciation and amortization | $0.6M | $1.0M | $2.7M | $3.5M | $3.7M | $0.8M | $0.5M |
| Stock-based compensation | $0.4M | $0.6M | $3.3M | $3.7M | $1.2M | $2.1M | $21.9M |
| Acquisitions | β | β | β$2.6M | β$0.5M | $0.5M | $0.0M | β |
| Share buybacks | β | β | β | β | β | $0.0M | $2.8M |
| Dividends and buybacks | β | β | β | β | β | $0.0M | $2.8M |
| Balance sheet | |||||||
| Cash and short-term investments | $0.9M | $14.5M | $7.1M | $4.6M | $0.7M | $3.0M | $5.8M |
| Total debt | β | β | β | $27.7M | $0.0M | $20.0M | $76.8M |
| Current assets | $2.6M | $18.3M | $17.1M | $30.0M | $11.4M | $56.8M | $117M |
| Current liabilities | $3.5M | $5.8M | $10.1M | $22.4M | $12.7M | $32.6M | $71.1M |
| Inventory | $1.4M | $2.1M | $11.6M | $4.8M | $1.4M | $1.2M | $0.3M |
| Property and equipment, net | $1.7M | $2.8M | $7.3M | $2.8M | $2.4M | $2.1M | $0.2M |
| Goodwill | $2.4M | $2.4M | $4.6M | $2.9M | $0.8M | $0.8M | $0.7M |
| Intangible assets | $1.2M | $1.8M | $8.8M | $6.9M | $0.2M | $0.2M | $0.1M |
| Total assets | $6.4M | $27.3M | $48.5M | $63.8M | $23.5M | $124M | $180M |
| Total liabilities | $4.2M | $6.0M | $19.7M | $36.0M | $17.0M | $33.7M | $234M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $2.2M | $21.2M | $28.8M | $27.8M | $6.5M | $90.1M | β$53.8M |
| Margins | |||||||
| Gross margin | 34.7% | 49.4% | 64.5% | 57.7% | 49.3% | 68.7% | 89.5% |
| Operating margin | β65.3% | 5.9% | β28.1% | β33.7% | β86.4% | β79.1% | β963.5% |
| EBITDA margin | β57.0% | 10.2% | β16.3% | β24.1% | β72.2% | β74.3% | β961.6% |
| Net margin | β72.6% | 12.4% | β8.9% | β48.0% | β91.0% | β86.5% | β984.3% |
| FCF margin | β82.2% | 6.3% | β24.4% | β2.0% | β4.0% | β55.7% | β84.0% |
| Net interest share of revenue | 1.9% | 2.2% | β0.9% | β12.9% | β12.0% | β7.4% | β |
| Returns | |||||||
| Return on capital | β | β | β | β19.0% | β303.1% | β9.2% | β1,106.0% |
| Return on capital employed | β167.8% | 6.7% | β16.9% | β29.7% | β206.9% | β13.7% | β221.0% |
| Return on equity | β247.1% | 25.5% | β8.2% | β61.8% | β137.7% | β28.3% | β1,356.3% |
| Return on assets | β84.1% | 17.7% | β5.4% | β31.2% | β54.2% | β18.6% | β161.9% |
| Return on tangible equity | β | 17.6% | β13.3% | β97.0% | β435.9% | β15.4% | β |
| Growth | |||||||
| Revenue growth | β | 225.0% | β4.3% | 58.0% | β28.7% | β39.2% | 58.1% |
| Net income growth | β | β | β168.7% | β | β | β | β |
| EPS growth | β | β | β304.8% | β | β | β | β |
| FCF growth | β | β | β471.2% | β | β | β | β |
| Share count change | β | 41.2% | 13.8% | β94.5% | 14.9% | 670.5% | 702.8% |
| Financial health | |||||||
| Debt / equity | β | β | β | 1.0x | 0.0x | 0.2x | β |
| Interest coverage | β | 102.6x | β169.4x | β | β225.5x | β120.4x | β3,841.2x |
| Current ratio | 0.8x | 3.1x | 1.7x | 1.3x | 0.9x | 1.7x | 1.6x |
| Quick ratio | 0.3x | 2.8x | 0.5x | 1.1x | 0.8x | 1.7x | 1.6x |
| Capital allocation | |||||||
| Capex / revenue | 26.0% | 5.9% | 23.6% | 2.6% | 3.6% | 2.5% | 0.2% |
| Stock comp / revenue | 5.0% | 2.5% | 14.4% | 10.1% | 4.5% | 13.3% | 87.6% |
| Quality scores | |||||||
| Piotroski F-score | β | 5.0 | 2.0 | 4.0 | 3.0 | 4.0 | 3.0 |
| Altman Z'' | β9.0 | 6.5 | 1.2 | β0.9 | β12.9 | 1.8 | β13.1 |
| Accruals ratio | β19.1% | 0.2% | β4.9% | β31.5% | β54.0% | β7.1% | β148.1% |
Source: SEC EDGAR XBRL filings (CIK 0001775194). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
