A company still losing money with shrinking sales. Institutions are trimming.
Watch out for
Losing money, losses are large next to sales
Revenue down 39.2% from the year before
Money moves
No insider buying or selling in the last 30 days
Institutions cut 11% from their holdings in the quarter ending June 2026 (27 bought, 28 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.76-1.3% that day
Company value
$62M
Share price times all shares
Price vs sales
2.5x
No profit over the last year, so this compares value with sales instead
Cash vs value
9%
Cash as a share of company value
From UPXI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26 (worked out from yearly totals)
$3.1M-27% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $25.0M, up 58% from the 12 months before. Over 5 years, sales grew about 16% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of UPXI. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$93M
Profit in 5 years$9M
Price these guesses point to$1.78+135% vs $0.76 todayAbout +19% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 9.6% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-52.2%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-86.5%
MissProfitable every yearSteady profits, not one good year.1 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$8.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-2.4% in 3 years
Revenue
$15.8M
-39.2% vs prior year
5-year growth
+16.4%/yr
revenue, per year
Free cash flow
-$8.8M
-55.7% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Sep 17
Revenue
$3.1M
-26.6% YoY
EPS
-$0.21
vs $4.19
Op. margin
-884.4%
-732.7 pts
Gross margin
96.0%
+16.6 pts
Free cash flow
-$3.7M
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-11.4%
Institutions cut 11.4% from their holdings. 27 bought, 28 sold. 3 quarters of net selling in a row.
Shares held by institutions13.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+341.3%
Cash runwayAt last year's cash burn
3 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
82M
Why high risk
Losing money, losses are large next to sales
About 3 months of cash left at its current burn
Share count growing 341.3% a year (dilution)
Owes more than it owns (negative equity)
4 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedSep 17
Results filedMay 13
Results filedFeb 10
Results filedNov 12, 2025
Results filedSep 26, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days