Filing Flows › Upexi (UPXI) › Q3 FY25
Upexi (UPXI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 16, 2025
Upexi (UPXI) reported revenue of $3.2M for the third quarter fiscal 2025 (Q3 FY25), -39% from a year earlier and -21% from the quarter before. Operating margin was -113.5%, net loss $3.8M (121.2% of revenue).
Upexi, Q3 FY25: revenue $3.2M (-40% year over year), operating margin -113.5%, net loss $3.8M, operating cash flow −$779K. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2M | -21% | -39% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$3.8M | — | — |
| Operating cash flow | −$779K | — | — |
What changed
Revenue was $3.2M in Q3 FY25, down 39% year over year and down 21% from the previous quarter.
Gross margin was 49.3%, up 25.1 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -113.5%. Operating expenses fell 18% while revenue fell 39%. The fastest-growing cost line was General & admin (+48%). The quarter ended with a net loss of $3.8M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$779K. Non-cash charges added back $218K of depreciation and amortization and $521K of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $31K exceeded it, leaving free cash flow of −$809K.
Questions
What was Upexi's revenue in the third quarter fiscal 2025?
Upexi (UPXI) reported revenue of $3.2M for the third quarter fiscal 2025 (Q3 FY25), -39% from a year earlier and -21% from the quarter before.
Was Upexi profitable in the third quarter fiscal 2025?
Operating loss was $3.6M (-113.5% of revenue) and net loss $3.8M.
Source: Upexi 10-Q on SEC EDGAR.