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Upexi vs DarkHorse Technologies: UPXI and DRK compared
Upexi is the larger company: $3.1M of revenue in its latest quarter (Q4 FY26) against $3.0M for DarkHorse Technologies (Q3 2026). DarkHorse Technologies is growing faster (+16% against -27% a year earlier). DarkHorse Technologies is more profitable, with an operating margin of -191.0% against -884.4%.
Where the money goes: UPXI and DRK
Upexi (UPXI) · Q4 FY26
Upexi, Q4 FY26: revenue $3.1M (-27% year over year), operating margin -884.4%, net loss $24.5M, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
DarkHorse Technologies (DRK) · Q3 2026
DarkHorse Technologies, Q3 2026: revenue $3.0M (+16% year over year), operating margin -191.0%, net loss $5.8M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.
| Upexi (UPXI) | DarkHorse Technologies (DRK) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $3.1M | $3.0M |
| Revenue growth, Y/Y | -27% | +16% |
| Operating margin | -884.4% | -191.0% |
| Net earnings | −$24.5M | −$5.8M |
| Net margin | -779.4% | -190.6% |
| Operating cash flow | −$3.7M | −$4.5M |
Where the revenue comes from
DarkHorse Technologies
- Hosting revenue: $2.0M (66%)
- Bitcoin: $1.0M (34%)
Questions
Which is bigger, Upexi or DarkHorse Technologies?
Upexi is the larger company: $3.1M of revenue in its latest quarter (Q4 FY26) against $3.0M for DarkHorse Technologies (Q3 2026).
Is Upexi or DarkHorse Technologies growing faster?
DarkHorse Technologies is growing faster (+16% against -27% a year earlier).
Which is more profitable, Upexi or DarkHorse Technologies?
DarkHorse Technologies is more profitable, with an operating margin of -191.0% against -884.4%.
More: Upexi earnings · how Upexi makes money · DarkHorse Technologies earnings · how DarkHorse Technologies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Sep 17, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.