What is Upexi's gross margin?

Upexi (UPXI) reported gross margin of 87% in Q1 2026.

How has Upexi's gross margin changed year-over-year?

Upexi's gross margin increased by 59.8% year-over-year, from 54.5% to 87%.

What is the long-term trend for Upexi's gross margin?

Over 3 years (2021 to 2025), Upexi's gross margin has grown at a 11.7% compound annual growth rate (CAGR), from 49.4% to 68.7%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Upexi UPXI Gross margin

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EMP

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Other financials

Income statement

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Revenue$4.6M+44.2%

Gross profit$4.4M+179%

Operating income-$106.8M-2,877%

Net income-$109.3M-2,754%

EPS (diluted)-$1.67+41.8%

Balance sheet

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Cash & equivalents$3.5M+1,412%

Total debt$242.5M+12,119%

Total equity-$51.9M-2,905%

Total assets$200.4M+1,230%

Cash flow

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Operating cash flow-$4.8M-513%

CapEx$11.7K-61.7%

Free cash flow-$4.8M-492%

Valuation

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Market cap$59.22M-50.6%

Enterprise value$298.19M+116%

P/S2.3×-5.3×

Profitability

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Operating margin-839.8%-1,002pp

Net margin-874%-1,071pp

FCF margin-83.2%—

Returns & leverage

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Return on equity-468.5%-935pp

Debt / equity4.4×+3.8×

Current ratio1.7×+1.4×

Where this comes from

Calculated from Upexi’s reported figures.

gross profit/total revenue=87%

Based on trailing twelve months.

The official record: Upexi’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Upexi's gross margin?: Upexi (UPXI) reported gross margin of 87% in Q1 2026.
How has Upexi's gross margin changed year-over-year?: Upexi's gross margin increased by 59.8% year-over-year, from 54.5% to 87%.
What is the long-term trend for Upexi's gross margin?: Over 3 years (2021 to 2025), Upexi's gross margin has grown at a 11.7% compound annual growth rate (CAGR), from 49.4% to 68.7%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.