Filing Flows › Upexi (UPXI) › Q4 FY25
Upexi (UPXI) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Sep 24, 2025
Upexi (UPXI) reported revenue of $4.3M for the fourth quarter fiscal 2025 (Q4 FY25), -15% from a year earlier and +36% from the quarter before. Operating margin was -151.7%, net loss $6.9M (161.5% of revenue).
Upexi, Q4 FY25: revenue $4.3M (-15% year over year), operating margin -151.7%, net loss $6.9M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3M | +36% | -15% |
| Operating profit | −$6.5M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $4.3M in Q4 FY25, down 15% year over year and up 36% from the previous quarter.
Gross margin was 79.4%, up 48.4 points from a year earlier. Operating costs exceeded revenue by $6.5M, an operating margin of -151.7%. Operating expenses fell 34% while revenue fell 15%. The fastest-growing cost line was General & admin (+251%). The quarter ended with a net loss of $6.9M, wider than the previous quarter's $3.8M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $41K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $190K exceeded it, leaving free cash flow of −$4.5M.
Questions
What was Upexi's revenue in the fourth quarter fiscal 2025?
Upexi (UPXI) reported revenue of $4.3M for the fourth quarter fiscal 2025 (Q4 FY25), -15% from a year earlier and +36% from the quarter before.
Was Upexi profitable in the fourth quarter fiscal 2025?
Operating loss was $6.5M (-151.7% of revenue) and net loss $6.9M.
Source: Upexi 10-K on SEC EDGAR.