Upexi, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $25.0M | $15.8M | $26.0M | $36.4M | $23.1M | $24.1M | $7.4M |
| Cost of Revenue | $2.6M | $4.9M | $13.2M | $15.4M | $8.2M | $12.2M | $4.8M |
| Gross Profit | $22.4M | $10.9M | $12.8M | $21.0M | $14.9M | $11.9M | $2.6M |
| Gross Margin | 89.5% | 68.7% | 49.3% | 57.7% | 64.5% | 49.4% | 34.7% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $26.4M | $11.9M | $6.8M | $6.9M | $9.1M | $6.4M | $6.0M |
| Operating Income | $-240.8M | $-12.5M | $-22.5M | $-12.3M | $-6.5M | $1.4M | $-4.8M |
| Operating Margin | -963.5% | -79.1% | -86.4% | -33.7% | -28.1% | 5.9% | -65.3% |
| Interest Expense | $62.7K | $103.8K | $99.6K | — | $38.3K | $13.9K | — |
| Pretax Income | $-246.1M | $-13.7M | $-25.6M | $-17.0M | $-6.4M | $1.7M | $-5.4M |
| Income Tax Expense | $0 | $0 | $-332.1K | $3.0M | $518.4K | $1.3M | $0 |
| Net Income | $-246.1M | $-13.7M | $-23.7M | $-17.5M | $-2.0M | $3.0M | $-5.4M |
| Net Margin | -984.3% | -86.5% | -91.0% | -48.0% | -8.9% | 12.4% | -72.6% |
| EPS (Basic) | $-3.87 | $-1.73 | $-2.88 | $-2.37 | $-0.05 | $0.03 | $-0.07 |
| EPS (Diluted) | $-3.87 | $-1.73 | $-2.88 | $-2.37 | $-0.05 | $0.03 | $-0.07 |
| Shares Outstanding (Basic) | 63.5M | 7.9M | 8.2M | 7.2M | 129.8M | 95.4M | 80.8M |
| Shares Outstanding (Diluted) | 63.5M | 7.9M | 8.2M | 7.2M | 129.8M | 114.1M | 80.8M |
| Dividends Per Share | — | — | — | — | — | — | — |