UPXI UPEXI, INC.

Overview and Growth

UPEXI, INC. generated $25.00M of revenue in fiscal 2026, with net loss of $246.06M and an operating cash outflow of $20.96M. The $25.00M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 58.1% above fiscal 2025 revenue of $15.81M, marking a year-over-year increase. The company reported diluted EPS of -$3.87, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $180.12M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.14x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $22.37M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 89.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $240.85M operating loss before non-operating and tax effects. The operating loss equaled 963.5% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $246.06M after operating, financing, tax, and other recognized items. The net loss equaled 984.3% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported negative EBITDA of $240.39M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company reported a pretax loss of $246.06M, before the effect of income taxes. The pretax loss equaled 984.3% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. The loss-to-assets relationship was 136.6%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit increased from $13.68M in fiscal 2025 to $246.06M.

Liquidity and Capital Structure

Total assets were $180.12M, supported by $233.93M of liabilities and -$53.81M of shareholder equity. Equity was negative at -$53.81M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. At period end, current assets of $116.77M compared with current liabilities of $71.13M, defining the company’s short-term resource position. The current ratio was 1.64x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $5.78M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 8.1% of current liabilities, showing how much near-term coverage came from cash alone. Book equity represented -29.9% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 129.9%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 3.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 45.5% from $123.81M in fiscal 2025, leaving current total assets higher year over year. Book equity was 159.7% lower than fiscal 2025 equity of $90.10M, showing how shareholder capital changed year over year. The reported cash balance changed 94.2% from $2.98M in fiscal 2025, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities used $20.96M of cash, resulting in an operating cash outflow for the year. Capital spending of $44.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $21.00M, leaving a cash deficit after capital spending and reducing financial flexibility. Relative to revenue, the post-investment cash deficit represented 84.0%. The cash deficit after capital spending represented 11.7% of the period-end asset base.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.