Upexi (UPXI) AI Stock Analysis

• Market Cap: $74.89M
• Dividend Yield: N/A
• Average Volume (3M): 4.57M
• Price to Earnings (P/E): ―
• Beta (1Y): 7.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 64
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): -2.94
• Shares Outstanding: 69,344,350
• 10 Day Avg. Volume: 6,032,361
• 30 Day Avg. Volume: 4,568,644
• PEG Ratio: 0.02
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 1.49
• P/FCF Ratio: -2.68
• Enterprise Value/Market Cap: 3.82
• Enterprise Value/Revenue: 11.55
• Enterprise Value/Gross Profit: 14.43
• Enterprise Value/Ebitda: 5.66
• 1Y Price Target: $5.00
• Price Target Upside: 362.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.08
• Revenue Forecast (FY): $25.65M

• Rating: 45 Neutral
• Price Target: $1.00 ▼(-7.41% Downside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is held down primarily by weak financial fundamentals (large losses, negative cash flow, and high leverage). Technicals also indicate a weak longer-term trend (below key moving averages with negative MACD). The earnings call adds some support from strong reported revenue growth and improved liquidity via capital actions, but this is outweighed by substantial mark-to-market losses and ongoing volatility exposure.

Positive Factors

Revenue Growth & High Gross Margin

Sustained revenue expansion with very high gross margins indicates strong unit economics and pricing power in core DTC/e‑commerce operations. Over the next 2–6 months this supports reinvestment in marketing and product scaling potential even if operating costs remain elevated.

Digital Treasury & Token Accumulation

A growing digital-asset treasury creates a strategic asset base that diversifies revenue sources and can generate recurring yield via staking/lock strategies. Token accumulation enhances optionality: management can monetize, stake, or use assets as collateral across multiple quarters.

Capital Markets Access & Improved Liquidity

Recent accretive capital raises, an effective S‑3 shelf and a buyback program demonstrate access to capital and active balance-sheet management. The material cash increase provides near-term runway and flexibility to execute yield strategies or absorb volatility over the coming months.

Negative Factors

High Leverage (Debt-to-Equity ~5.1)

A debt-to-equity ratio near 5x materially elevates financial risk, reducing flexibility to absorb shocks or fund growth. With operating losses, high leverage increases interest and covenant risk and limits strategic options if market conditions worsen over the next several months.

Negative Operating & Free Cash Flow

Persistent cash burn forces reliance on external financing and limits the firm's ability to self-fund marketing, inventory and treasury strategies. Ongoing negative FCF increases dilution risk from future raises and constrains capex or strategic investments over the medium term.

Large Unrealized Losses & NAV Volatility

Material mark-to-market losses tie corporate NAV to volatile SOL prices, impair shareholder equity and complicate long-term capital allocation. Locked token balances and price swings limit monetization flexibility and increase the chance of further NAV-driven financing stress.

Upexi Business Overview & Revenue Model

Company Description

Upexi, Inc. manufacture and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc. and changed its name to Upexi, Inc. in August 2022. Upexi, Inc. was incorporated in 2018 and is headquartered in Clearwater, Florida.

How the Company Makes Money

Upexi generates revenue through multiple streams, primarily by offering subscription-based software services that aid businesses in optimizing their online marketing efforts and operational efficiencies. Additionally, the company earns revenue from e-commerce sales of its proprietary products, leveraging its digital marketing expertise to drive traffic and conversion. Key partnerships with e-commerce platforms and logistics providers further enhance its revenue potential by expanding market reach and improving service delivery. The company also explores opportunities in affiliate marketing and strategic collaborations, contributing to its overall earnings.

Upexi Financial Statement Overview

Summary

Despite strong TTM revenue growth (+19.6%) and ~78% gross margin, results are dominated by deeply negative EBIT/net income, materially negative operating and free cash flow, and elevated leverage (debt-to-equity ~5.1). The combination of cash burn and high leverage materially increases financial risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue grew 19.6%, and gross margin is strong at ~78%, showing solid unit economics at the gross profit level. However, losses are very large in TTM (EBIT and net income deeply negative), indicating heavy operating expense burden and weak profitability despite the high gross margin. The prior annual period (2025) also showed negative growth and continued losses, reinforcing an unstable earnings profile.

Balance Sheet

Leverage is the key concern: TTM debt is high relative to equity (debt-to-equity ~5.1), which materially increases financial risk and reduces flexibility. While equity remains positive, the company’s returns are not supportive of the capital structure given the loss-making operating profile, and the sharp jump in leverage versus prior annual periods suggests balance-sheet risk has risen meaningfully.

Cash Flow

Cash generation is weak: TTM operating cash flow and free cash flow are both materially negative, and free cash flow declined further (down ~26%). While free cash flow tracks net income closely in TTM (free cash flow roughly in line with reported losses), the business is still consuming cash rather than funding itself, increasing reliance on external financing.

Breakdown	TTM	Jun 2025	Jun 2024	Sep 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	24.74M	15.81M	26.00M	36.44M	23.07M	24.10M
Gross Profit	19.80M	10.87M	12.82M	21.02M	14.87M	11.90M
EBITDA	50.44M	-12.12M	-9.72M	-5.05M	-3.76M	2.46M
Net Income	-122.93M	-13.68M	-23.66M	-16.93M	-2.10M	2.98M
Balance Sheet
Total Assets	271.14M	123.81M	23.51M	63.80M	48.49M	27.25M
Cash, Cash Equivalents and Short-Term Investments	1.62M	2.98M	661.41K	4.49M	7.15M	14.53M
Total Debt	212.46M	27.78M	13.45M	26.34M	15.45M	864.06K
Total Liabilities	222.43M	33.71M	17.00M	35.96M	19.70M	6.04M
Stockholders Equity	48.72M	90.10M	6.52M	28.34M	28.73M	21.22M
Cash Flow
Free Cash Flow	-17.75M	-8.81M	-1.03M	-734.89K	-5.63M	1.52M
Operating Cash Flow	-17.53M	-8.42M	-101.38K	202.68K	521.87K	2.94M
Investing Cash Flow	-141.96M	-99.29M	-3.38M	-2.57M	-11.61M	-1.28M
Financing Cash Flow	160.70M	110.03M	-353.79K	-285.33K	3.70M	11.99M

Upexi Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UPXI, the sentiment is Neutral. The current price of 1.08 is above the 20-day moving average (MA) of 0.84, below the 50-day MA of 1.54, and below the 200-day MA of 4.91, indicating a neutral trend. The MACD of -0.23 indicates Negative momentum. The RSI at 49.65 is Neutral, neither overbought nor oversold. The STOCH value of 82.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for UPXI.

Upexi Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CCG	50 Neutral	$64.62M	-8.99	―	―	105.31%	95.66%
BODI	50 Neutral	$61.52M	2.90	-102.66%	―	-37.41%	60.58%
ZH	49 Neutral	$269.01M	-15.44	2.39%	―	-23.61%	―
AREN	47 Neutral	$145.25M	9.44	―	―	-10.90%	―
SEAT	46 Neutral	$89.11M	-3.16	-51.54%	―	-16.83%	-485.31%
UPXI	45 Neutral	$74.89M	-0.14	-468.50%	―	―	―

Upexi Corporate Events

Upexi Establishes At-the-Market Equity Offering Program

On January 30, 2026, Upexi, Inc. entered into a Common Stock Sales Agreement with A.G.P./Alliance Global Partners to allow the company to sell shares of its common stock from time to time in an at-the-market offering under its effective shelf registration statement. On February 4, 2026, Upexi filed a related prospectus supplement with the U.S. Securities and Exchange Commission, setting up a structure under which the sales agent will sell shares on Nasdaq or other permitted markets or in privately negotiated transactions, for a 3.0% commission on gross proceeds, providing Upexi with a flexible mechanism to raise equity capital as needed.

The most recent analyst rating on (UPXI) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Upexi stock, see the UPXI Stock Forecast page.