Filing Flows › Upexi (UPXI) › Q3 FY26
Upexi (UPXI) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 12, 2026
Upexi (UPXI) reported revenue of $4.6M for the third quarter fiscal 2026 (Q3 FY26), +44% from a year earlier and -43% from the quarter before.
Upexi, Q3 FY26: revenue $4.6M (+44% year over year), net loss $109M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6M | -43% | +44% |
| Operating profit | −$107M | — | — |
| Net earnings | −$109M | — | — |
| Operating cash flow | −$4.8M | — | — |
What changed
Revenue was $4.6M in Q3 FY26, up 44% year over year and down 43% from the previous quarter.
Gross margin was 95.5%, up 46.1 points from Q3 FY25. Operating costs exceeded revenue by $106.8M, an operating margin of -2343.3%. Operating expenses grew 2060% against revenue growth of 44%. The fastest-growing cost line was Other operating costs (+7115%). The quarter ended with a net loss of $109.3M, narrower than the previous quarter's $178.9M loss.
Operating cash flow was −$4.8M. Non-cash charges added back $107K of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $100.5M. Capital expenditures of $12K exceeded it, leaving free cash flow of −$4.8M.
Questions
What was Upexi's revenue in the third quarter fiscal 2026?
Upexi (UPXI) reported revenue of $4.6M for the third quarter fiscal 2026 (Q3 FY26), +44% from a year earlier and -43% from the quarter before.
Source: Upexi 10-Q on SEC EDGAR.