Filing Flows › Upay (UPYY) › Q2 FY26
Upay (UPYY) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Oct 10, 2025
Upay (UPYY) reported revenue of $189K for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +11% from the quarter before. Operating margin was -55.7%, net loss $117K (62.1% of revenue).
Upay, Q2 FY26: revenue $189K (+12% year over year), operating margin -55.7%, net loss $117K, operating cash flow −$58K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189K | +11% | +12% |
| Operating profit | −$105K | — | — |
| Net earnings | −$117K | — | — |
| Operating cash flow | −$58K | — | — |
What changed
Revenue was $189K in Q2 FY26, up 12% year over year and up 11% from the previous quarter.
Gross margin was 76.1%, up 5.5 points from a year earlier. Operating costs exceeded revenue by $105K, an operating margin of -55.7%. Operating expenses fell 18% while revenue rose 12%. The quarter ended with a net loss of $117K, narrower than the previous quarter's $142K loss.
Operating cash flow was −$58K. Non-cash charges added back $2K of depreciation. Working capital and other items added $57K. Capital expenditures of $1K exceeded it, leaving free cash flow of −$59K.
Questions
What was Upay's revenue in the second quarter fiscal 2026?
Upay (UPYY) reported revenue of $189K for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +11% from the quarter before.
Was Upay profitable in the second quarter fiscal 2026?
Operating loss was $105K (-55.7% of revenue) and net loss $117K.
Source: Upay 10-Q on SEC EDGAR.