UPXI Upexi, Inc. - Common Stock
$0.85
Price · Aug 19, 2026
Fundamentals as of May 12, 2026
52W Range
$1–$9
4% of range
Analyst Rating
BUY
8 analysts
Price Target
$1
+54% upside
P/E (TTM)
-0.5
ROE
-29.2%
Net Profit Margin
-86.6%
UPXI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.85
Market Cap
$32M
P/E (TTM)
-0.5
EPS (TTM)
$-1.73
Revenue (TTM)
$16M
Div Yield
—
ROE
-29.2%
Debt/Equity
0.2
52W Range
$1 – $9
UPXI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$16M
2020-06-30
→
2025-06-30
EPS
$-1.73
2020-06-30
→
2025-06-30
Free Cash Flow
$-9M
2021-06-30
→
2025-06-30
Margins
-86.6%
2021-06-30
→
2025-06-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
UPXI
Peer Median
P/E (TTM)
-0.5
14.8
P/S (TTM)
2.0
0.7
P/B
0.4
2.9
Price / FCF
-3.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
UPXI
Peer Median
Gross Margin
68.7%
69.3%
Operating Margin
-79.1%
—
Net Profit Margin
-86.6%
4.4%
ROA
-18.6%
6.3%
ROE
-29.2%
14.0%
ROIC
-11.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
UPXI
Peer Median
Debt / Equity
0.2
47.2
Current Ratio
1.7
2.4
Quick Ratio
0.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
UPXI
Peer Median
Revenue YoY
-39.2%
—
Revenue CAGR 3Y
-11.8%
—
Revenue CAGR 5Y
16.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
UPXI
Peer Median
UPXI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
8 analysts
- Strong Buy 2 25.0%
- Buy 5 62.5%
- Hold 1 12.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-19
Low
$1.30
High
$1.30
Median target
$1.30
+53.8%
Mean target
$1.30
+53.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-2.1%
Next Report
Sep 18, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-1.67 | $-0.20 | -1.5% |
| Dec. 31, 2025 | $-2.94 | $-0.05 | -2.9% |
| Sept. 30, 2025 | $-1.67 | $-0.20 | -1.5% |
| June 30, 2025 | $-2.94 | $-0.05 | -2.9% |
| March 31, 2024 | $-4.00 | $-2.04 | -2.0% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| UPXI | $114M | -1.7 | -39.2% | -86.6% | -29.2% | 68.7% |
| FTLF | — | 25.8 | 26.4% | — | — | — |
| SKIN | $177M | -8.7 | -10.0% | -3.2% | -14.1% | 65.3% |
| LFVN | $163M | 17.4 | 14.2% | 4.3% | 30.4% | 80.4% |
| UG | $28M | — | -13.4% | 20.0% | 18.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $16M | $26M | $36M | $23M | $24M | $7M | |
| Cost of Revenue | $5M | $13M | $15M | $8M | $12M | $5M | |
| Gross Profit | $11M | $13M | $21M | $15M | $12M | $3M | |
| SG&A Expense | $12M | $7M | $7M | $9M | $6M | $6M | |
| Operating Expenses | $23M | $35M | $33M | $21M | $10M | $7M | |
| Operating Income | $-12M | $-22M | $-12M | $-6M | $1M | $-5M | |
| Interest Expense | $103.8K | $99.6K | · | $38.3K | $13.9K | · | |
| Other Non-op | $-10.7K | $-16.4K | $-5M | $101.1K | $-269.4K | $546.5K | |
| Pretax Income | $-14M | $-26M | $-17M | $-6M | $2M | $-5M | |
| Income Tax | $0 | $-332.1K | $3M | $518.4K | $1M | $0 | |
| Net Income | $-14M | $-24M | $-17M | $-2M | $3M | $-5M | |
| EPS (Basic) | $-1.73 | $-23.03 | $-18.94 | $-0.43 | $0.25 | $-0.53 | |
| EPS (Diluted) | $-1.73 | $-23.03 | $-18.94 | $-0.43 | $0.21 | $-0.53 | |
| Shares (Basic) | 7,914,268 | 1,027,232 | 893,943 | 16,224,520 | 11,930,378 | 10,097,075 | |
| Shares (Diluted) | 7,914,268 | 1,027,232 | 893,943 | 16,224,520 | 14,257,934 | · | |
| EBITDA | $-12M | · | $-8M | $-3M | $1M | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $4M | $7M | $15M | $887.5K | |
| Receivables | $157.5K | $606.9K | $1M | $939.9K | $1M | $165.1K | |
| Inventory | $1M | $1M | $5M | $12M | $2M | $1M | |
| Prepaid Expense | $350.8K | $502.2K | $1M | $760.9K | $386.3K | $148.6K | |
| Current Assets | $57M | $11M | $30M | $17M | $18M | $3M | |
| PP&E (Net) | $2M | $2M | $3M | $7M | $3M | $2M | |
| PP&E (Gross) | $4M | $8M | $9M | $8M | $3M | $2M | |
| Goodwill | $848.9K | $848.9K | $3M | $5M | $2M | $2M | |
| Intangibles | $163.1K | $239.9K | $7M | $9M | $2M | $1M | |
| Other Non-current Assets | $192.1K | $278.4K | $76.7K | $75.6K | $49.1K | $37.1K | |
| Total Assets | $124M | $24M | $64M | $48M | $27M | $6M | |
| Accounts Payable | $1M | $481.6K | $1M | $2M | $2M | $484.3K | |
| Accrued Liabilities | $356.1K | $736.4K | $2M | $816.6K | $296.0K | $221.7K | |
| Short-term Debt | $20M | $0 | $338.5K | $749.8K | $447.1K | $183.6K | |
| Current Liabilities | $33M | $13M | $22M | $10M | $6M | $4M | |
| Capital Leases | $1M | $2M | $0 | $700.4K | $217.4K | $338.0K | |
| Other Non-current Liabilities | · | · | · | $680.5K | $-680.5K | · | |
| Long-term Debt | · | · | $28M | · | · | · | |
| Total Debt | $20M | · | $3M | $5M | $447.1K | · | |
| Common Stock | $383 | $11 | $20.2K | $16.7K | $15.3K | $10.2K | |
| Paid-in Capital | $151M | $53M | $52M | $35M | $25M | $7M | |
| Retained Earnings | $-61M | $-47M | $-23M | $-6M | $-4M | $-7M | |
| Treasury Stock | $0 | · | · | · | · | · | |
| Stockholders' Equity | $90M | $7M | $28M | $29M | $21M | $2M | |
| Liabilities + Equity | $124M | $24M | $64M | $48M | $27M | $6M | |
| Shares Outstanding | 38,270,571 | 1,045,429 | 1,045,429 | 16,713,345 | 15,262,394 | 15,262,394 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $757.8K | $4M | $3M | $3M | $1M | $611.3K | |
| Stock-based Comp | $2M | $1M | $4M | $3M | $611.4K | $372.8K | |
| Deferred Tax | · | $6M | $6M | $2M | $573.5K | $1M | |
| Amort. of Intangibles | $76.8K | $2M | $3M | $980.0K | $726.5K | · | |
| Operating Cash Flow | $-8M | $-101.4K | $202.7K | $-180.8K | $3M | $-4M | |
| CapEx | $387.8K | $932.6K | $937.6K | $5M | $1M | $2M | |
| Investing Cash Flow | $-99M | $-3M | $-3M | $-11M | $-1M | $-1M | |
| Debt Issued | · | · | $3M | · | · | · | |
| Net Debt Issued | · | · | $3M | · | · | · | |
| Stock Issued | $93M | $0 | · | $0 | $11M | $420.0K | |
| Net Stock Activity | $93M | · | · | $0 | $11M | · | |
| Financing Cash Flow | $110M | $-353.8K | $-285.3K | $4M | $12M | $3M | |
| Net Change in Cash | · | $-4M | $-1M | $-6M | $14M | $-3M | |
| Taxes Paid | $0 | $0 | $0 | $656.0K | · | · | |
| Free Cash Flow | $-9M | · | $-734.9K | $-6M | $2M | · | |
| Levered FCF | $-9M | · | · | $-6M | $2M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 68.7% | · | 41.6% | 56.5% | 49.4% | · | |
| Operating Margin | -79.1% | · | -9.4% | -5.9% | 5.9% | · | |
| Net Margin | -86.6% | · | -21.7% | -4.6% | 12.4% | · | |
| Pretax Margin | -86.6% | · | -22.9% | -5.8% | 7.0% | · | |
| EBITDA Margin | -79.1% | · | -9.4% | -5.9% | 5.9% | · | |
| ROA | -18.6% | · | -31.1% | -5.4% | 17.7% | · | |
| ROE | -29.2% | · | -54.2% | -7.0% | 23.9% | · | |
| ROIC | -11.3% | · | -28.8% | -9.3% | 1.6% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | · | 1.3 | 1.7 | 3.1 | · | |
| Quick Ratio | 0.0 | · | 0.6 | 0.9 | 2.7 | · | |
| Debt / Equity | 0.2 | · | 0.1 | 0.2 | 0.0 | · | |
| Interest Coverage | -120.4 | · | · | -69.3 | 102.3 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | 1.4 | 1.2 | 1.4 | · | |
| Inventory Turnover | 3.8 | · | 4.1 | 4.5 | 6.9 | · | |
| Receivables Turnover | 41.4 | · | 19.9 | 26.0 | 33.4 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -39.2% | -28.6% | 58.0% | -4.3% | 225.0% | · | |
| Revenue CAGR 3Y | -11.8% | 2.6% | 70.0% | · | · | · | |
| Revenue CAGR 5Y | 16.4% | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $16M | $26M | $36M | $23M | $24M | · | |
| Net Income TTM | $-14M | $-24M | $-17M | $-2M | $3M | · | |
| Market Cap | $114M | · | $910M | $1.40B | $1.89B | · | |
| Enterprise Value | · | · | $908M | $1.40B | $1.88B | · | |
| P/E | -1.7 | -0.3 | -2.4 | -195.3 | 589.5 | · | |
| P/S | 7.2 | · | 25.0 | 60.9 | 78.4 | · | |
| P/B | 1.3 | · | 32.7 | 48.8 | 89.1 | · | |
| P / Tangible Book | 1.3 | 1.3 | 50.5 | 91.2 | 111.4 | · | |
| P / Cash Flow | -13.5 | · | 4488.5 | 2690.2 | 642.8 | · | |
| P / FCF | -12.9 | · | -1237.9 | -249.2 | 1245.4 | · | |
| EV / EBITDA | · | · | -120.2 | -528.7 | 1314.5 | · | |
| EV / FCF | · | · | -1235.5 | -248.9 | 1236.1 | · | |
| EV / Revenue | · | · | 24.9 | 60.8 | 77.8 | · | |
| Earnings Yield | -58.1% | -319.0% | -42.1% | -0.51% | 0.17% | · |
Income Statement 16
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $8M | $9M | $4M | $3M | $4M | $4M | $5M | $5M | $7M | $8M | $-23M | $22M | $27M | $11M | $10M | |
| Cost of Revenue | $206.4K | $1M | $956.7K | $884.1K | $2M | $1M | $1M | $3M | $4M | $3M | $3M | $-21M | $14M | $17M | $5M | $5M | |
| Gross Profit | $4M | $7M | $8M | $3M | $2M | $3M | $3M | $2M | $1M | $5M | $5M | $-2M | $8M | $10M | $6M | $5M | |
| SG&A Expense | $5M | $6M | $9M | $6M | $3M | $2M | $1M | $2M | $2M | $2M | $2M | $-372.2K | $3M | $3M | $2M | $3M | |
| Operating Expenses | $111M | $182M | $-61M | $10M | $5M | $4M | $4M | $15M | $6M | $7M | $7M | $4M | $10M | $12M | $8M | $6M | |
| Operating Income | $-107M | $-175M | $69M | $-7M | $-4M | $-1M | $-1M | $-13M | $-5M | $-3M | $-1M | $-6M | $-2M | $-2M | $-2M | $-2M | |
| Interest Expense | $15.6K | $17.8K | $21.0K | $-5.8K | $25.0K | $55.8K | $28.9K | · | · | · | $843.5K | · | · | · | $435.8K | · | |
| Other Non-op | $-3M | $44.6K | $292.2K | $233.7K | $-244.4K | $0 | $0 | $3M | $-746.9K | $-1M | $-853.3K | $-3M | $152.4K | $-2M | $431.7K | $119.9K | |
| Pretax Income | $-109M | $-179M | $67M | $-7M | $-4M | $-1M | $-2M | $-14M | $-6M | $-4M | $-2M | $-9M | $-2M | $-3M | $-3M | $-3M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $-3M | $2M | $694.8K | $472.4K | $3M | $496.9K | $-755.3K | $708.2K | $2M | |
| Net Income | $-109M | $-179M | $67M | $-7M | $-4M | $-1M | $-2M | $-16M | $-4M | $-2M | $-1M | $-16M | $-2M | $3M | $-3M | $-3M | |
| EPS (Basic) | $-1.67 | $-2.94 | $1.21 | $3.93 | $-2.87 | $-1.24 | $-1.55 | $-15.66 | $-4.03 | $-2.00 | $-1.34 | $-18.84 | $-0.09 | $0.15 | $-0.16 | $-0.14 | |
| EPS (Diluted) | $-1.67 | · | $0.76 | $0.83 | $-2.87 | $-1.24 | $1.55 | $-15.66 | $-4.03 | $-2.00 | $-1.34 | $-18.81 | $-0.11 | $0.14 | $-0.16 | $-0.14 | |
| Shares (Basic) | 65,506,837 | 60,829,603 | 55,340,634 | 4,487,037 | 1,336,373 | 1,045,429 | 1,045,429 | -2,021,553 | 1,021,210 | 1,015,344 | 1,012,231 | -51,375,666 | 18,015,837 | 17,540,427 | 16,713,345 | -25,409,995 | |
| Shares (Diluted) | 65,506,837 | 60,829,603 | 88,479,950 | 4,487,037 | 1,336,373 | 1,045,429 | 1,045,429 | -2,021,553 | 1,021,210 | 1,015,344 | 1,012,231 | -52,865,944 | 18,015,837 | 19,030,705 | 16,713,345 | -28,573,517 | |
| EBITDA | $-107M | $-175M | $69M | · | $-4M | $-1M | $-1M | · | $-5M | $-2M | $-1M | · | $-2M | $-2M | $-3M | · |
Balance Sheet 25
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | $417.1K | · | $1M | $5M | $3M | $7M | |
| Receivables | $496.4K | $594.6K | $284.3K | $157.5K | $180.9K | $1M | $801.4K | $606.9K | $5M | $5M | $10M | $1M | $5M | $9M | $1M | $939.9K | |
| Inventory | $215.2K | $728.3K | $1M | $1M | $1M | $2M | $2M | $1M | $9M | $15M | $14M | $5M | $10M | $7M | $6M | $5M | |
| Prepaid Expense | $991.0K | $1M | $1M | $350.8K | $232.3K | $305.5K | $390.8K | $502.2K | $720.6K | $697.6K | $957.6K | $1M | $2M | $2M | $1M | $760.9K | |
| Current Assets | $122M | $171M | $220M | $57M | $4M | $6M | $7M | $11M | $17M | $23M | $25M | $30M | $20M | $22M | $19M | $17M | |
| PP&E (Net) | $241.2K | $543.2K | $2M | $2M | $2M | $2M | $2M | $2M | $8M | $8M | $8M | $3M | $8M | $7M | $7M | $7M | |
| PP&E (Gross) | $556.3K | $2M | $4M | $4M | $4M | $4M | $4M | $8M | $10M | $10M | $10M | $9M | $9M | $9M | $8M | $8M | |
| Goodwill | $673.9K | $673.9K | $848.9K | $848.9K | $848.9K | $848.9K | $848.9K | $848.9K | $11M | $12M | $12M | $3M | $15M | $15M | $6M | $5M | |
| Intangibles | $855.5K | $874.7K | $143.9K | $163.1K | $182.3K | $201.5K | $220.7K | $239.9K | $9M | $11M | $12M | $7M | $17M | $19M | $13M | $9M | |
| Other Non-current Assets | $178.6K | $218.7K | $200.7K | $192.1K | $192.1K | $199.9K | $206.4K | $278.4K | $368.0K | $441.8K | $365.1K | $76.7K | $118.0K | $56.7K | $414.0K | $75.6K | |
| Total Assets | $200M | $271M | $420M | $124M | $15M | $18M | $19M | $24M | $57M | $62M | $65M | $64M | $74M | $77M | $49M | $48M | |
| Accounts Payable | $288.7K | $665.8K | $2M | $1M | $1M | $1M | $575.2K | $481.6K | $2M | $3M | $5M | $1M | $3M | $4M | $2M | $2M | |
| Accrued Liabilities | $2M | $2M | $947.1K | $356.1K | $223.5K | $222.1K | $317.2K | $736.4K | $3M | $3M | $4M | $2M | $4M | $4M | $2M | $816.6K | |
| Short-term Debt | $57M | $63M | $50M | $20M | $420.0K | $280.0K | $140.0K | $0 | $5M | $4M | $4M | $338.5K | $9M | $2M | $5M | $749.8K | |
| Current Liabilities | $71M | $78M | $65M | $33M | $11M | $11M | $10M | $13M | $24M | $24M | $20M | $22M | $18M | $15M | $12M | $10M | |
| Capital Leases | $437.1K | $460.1K | $1M | $1M | $2M | $2M | $2M | $2M | $1M | $1M | $0 | $0 | $449.9K | $375.6K | $589.0K | $700.4K | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $27M | · | · | · | · | · | |
| Total Debt | $57M | $63M | $50M | · | $420.0K | $280.0K | $140.0K | · | $5M | $4M | $4M | · | $9M | $2M | $5M | · | |
| Common Stock | $669 | $632 | $589 | $383 | $1.4K | $1.0K | $1.0K | $11 | $20.9K | $20.3K | $20.3K | · | $18.1K | $18.0K | $16.7K | $16.7K | |
| Paid-in Capital | $230M | $222M | $205M | $151M | $55M | $54M | $54M | $53M | $53M | $52M | $52M | $52M | $45M | $43M | $36M | $35M | |
| Retained Earnings | $-282M | $-173M | $6M | $-61M | $-54M | $-50M | $-48M | $-47M | $-31M | $-27M | $-25M | $-23M | $-8M | $-6M | $-9M | $-6M | |
| Treasury Stock | · | $799.3K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $-52M | $49M | $211M | $90M | $2M | $4M | $5M | $7M | $22M | $25M | $28M | $28M | $37M | $37M | $27M | $29M | |
| Liabilities + Equity | $200M | $271M | $420M | $124M | $15M | $18M | $19M | $24M | $57M | $62M | $65M | $64M | $74M | $77M | $49M | $48M | |
| Shares Outstanding | 66,895,799 | 63,212,588 | 58,893,261 | 38,270,571 | 1,430,429 | 1,045,429 | 1,045,429 | 1,045,429 | 20,906,870 | 20,397,779 | 20,306,870 | 1,045,429 | 18,094,748 | 17,960,748 | 16,713,345 | 16,713,345 |
Cash Flow 13
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $107.5K | $153.6K | $155.1K | $41.2K | $217.7K | $239.8K | $259.1K | $1M | $-323.0K | $305.3K | $936.5K | $122.7K | $1M | $1M | $924.4K | $2M | |
| Stock-based Comp | $4M | $8M | $6M | $1M | $521.4K | $32.6K | $141.3K | $204.6K | $212.8K | $330.6K | $421.9K | $538.1K | $1M | $1M | $927.3K | $1M | |
| Amort. of Intangibles | $19.2K | $19.2K | $19.2K | $19.2K | $19.2K | $19.2K | $19.2K | $-2M | $2M | $658.9K | $1M | $-388.7K | $1M | $1M | $729.9K | $439.2K | |
| Operating Cash Flow | $-5M | $-3M | $-10M | $-4M | $-778.7K | $-1M | $-2M | $3M | $-477.1K | $-1M | $-4M | $-2M | $-1M | $6M | $-3M | $-2M | |
| CapEx | $11.7K | $17.5K | $14.8K | $189.8K | $30.6K | $0 | $167.4K | $269.5K | $182.6K | $184.1K | $294.7K | $658.9K | $94.7K | $35.8K | $147.9K | $-197.3K | |
| Investing Cash Flow | $8M | $-6M | $-30M | $-105M | $-80.6K | $0 | $6M | $-2M | $-182.6K | $-254.1K | $145.3K | $-1M | $-5M | $6M | $-3M | $-831.4K | |
| Stock Issued | $7M | $10M | $50M | $93M | $0 | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | · | $50M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-1M | $9M | $39M | $112M | $683.3K | $0 | $-3M | $7.6K | $-960.4K | $2M | $-325.9K | $7M | $3M | $-11M | $1M | $6M | |
| Net Change in Cash | · | · | · | · | $-176.0K | $-1M | $1M | · | $-6M | $-1M | $-2M | $5M | $-4M | $1M | $-4M | $907.8K | |
| Taxes Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $656.0K | |
| Free Cash Flow | · | · | $-10M | · | · | · | $-2M | · | · | · | $-3M | · | · | · | $-3M | · | |
| Levered FCF | · | · | $-10M | · | · | · | $-2M | · | · | · | · | · | · | · | $-3M | · |
Profitability 8
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 95.5% | 83.4% | 89.6% | · | 49.3% | 74.2% | 67.3% | · | 20.0% | 37.9% | 31.8% | · | 39.7% | 38.1% | 52.3% | · | |
| Operating Margin | -2343.3% | -2177.9% | 748.4% | · | -113.5% | -26.8% | -30.6% | · | -34.2% | -8.2% | -4.2% | · | -9.9% | -7.9% | -25.7% | · | |
| Net Margin | -2399.4% | -2222.1% | 722.4% | · | -121.2% | -32.5% | -37.3% | · | -28.5% | -11.2% | -5.0% | · | -7.3% | 9.5% | -23.8% | · | |
| Pretax Margin | -2399.4% | -2222.1% | 722.4% | · | -121.2% | -32.5% | -37.3% | · | -38.8% | -13.1% | -5.0% | · | -10.5% | 13.4% | -29.5% | · | |
| EBITDA Margin | -2343.3% | -2177.9% | 748.4% | · | -113.5% | -26.8% | -30.6% | · | -34.2% | -8.2% | -4.2% | · | -9.9% | -7.9% | -25.7% | · | |
| ROA | -101.5% | -124.0% | 30.5% | · | -10.7% | -3.3% | -3.9% | · | -6.3% | -3.5% | -2.4% | · | -3.3% | 4.6% | -7.0% | · | |
| ROE | 436.8% | -681.9% | 61.9% | · | -32.0% | -8.9% | -10.0% | · | -13.9% | -7.8% | -5.0% | · | -5.4% | 7.8% | -10.6% | · | |
| ROIC | -1985.8% | -157.4% | 26.5% | · | -158.0% | -26.6% | -25.8% | · | -22.7% | -7.5% | -4.8% | · | -4.2% | -4.3% | -11.0% | · |
Liquidity & Solvency 4
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 2.2 | 3.4 | · | 0.4 | 0.6 | 0.7 | · | 0.7 | 0.9 | 1.2 | · | 1.1 | 1.5 | 1.6 | · | |
| Quick Ratio | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.2 | 0.2 | 0.5 | · | 0.4 | 0.9 | 0.4 | · | |
| Debt / Equity | -1.1 | 1.3 | 0.2 | · | 0.2 | 0.1 | 0.0 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.2 | · | |
| Interest Coverage | -6850.1 | -9868.0 | 3295.9 | · | · | · | -4.6 | · | · | · | · | · | · | · | -6.8 | · |
Efficiency 3
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.3 | 0.5 | · | 0.5 | 0.5 | 0.3 | · | |
| Inventory Turnover | 0.3 | 0.9 | 0.7 | · | 0.3 | 0.1 | 0.2 | · | 1.2 | 1.3 | 1.9 | · | 2.1 | 3.2 | 1.2 | · | |
| Receivables Turnover | 13.5 | 9.2 | 17.0 | · | 1.3 | 1.2 | 0.8 | · | 2.9 | 3.1 | 4.9 | · | 7.1 | 5.4 | 9.6 | · |
Valuation (TTM) 14
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $25M | $24M | $21M | · | $17M | $21M | $25M | · | $43M | $64M | $68M | · | $64M | $47M | $24M | · | |
| Net Income TTM | $-225M | $-117M | $60M | · | $-11M | $-9M | $-10M | · | $-10M | $-3M | $-3M | · | $-2M | $-149.3K | $-2M | · | |
| Market Cap | $66M | $106M | $340M | · | $3M | $4M | $4M | · | $243M | $473M | $703M | · | $1.47B | $1.08B | $1.29B | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $706M | · | $1.47B | $1.08B | $1.30B | · | |
| P/E | · | -0.9 | -3.2 | · | -0.3 | -0.6 | -0.7 | · | -1.6 | -7.0 | -23.5 | · | -623.1 | -176.5 | -172.0 | · | |
| P/S | 2.6 | 4.3 | 16.4 | · | 0.2 | 0.2 | 0.2 | · | 5.7 | 7.4 | 10.3 | · | 22.8 | 22.7 | 52.8 | · | |
| P/B | -1.3 | 2.2 | 1.6 | · | 1.6 | 1.0 | 0.8 | · | 11.0 | 18.6 | 25.5 | · | 39.6 | 29.2 | 47.7 | · | |
| P / Tangible Book | · | 2.3 | 1.6 | · | 3.6 | 1.4 | 1.0 | · | 139.7 | 200.9 | 202.7 | · | 314.2 | 375.4 | 157.9 | · | |
| P / Cash Flow | · | · | -34.7 | · | · | · | -2.1 | · | · | · | -299.7 | · | · | · | -515.4 | · | |
| P / FCF | · | · | -34.7 | · | · | · | -1.9 | · | · | · | -266.1 | · | · | · | -486.7 | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | -618.5 | · | -614.4 | -502.8 | -435.7 | · | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | -267.5 | · | · | · | -487.5 | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | 10.4 | · | 22.9 | 22.7 | 52.9 | · | |
| Earnings Yield | · | -107.1% | -31.2% | · | -315.3% | -163.0% | -148.5% | · | -64.4% | -14.3% | -4.2% | · | -0.16% | -0.57% | -0.58% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Revenue | $16M | $26M | $36M | $23M | $24M |
| Gross Margin % | 68.7% | — | 41.6% | 56.5% | 49.4% |
| Operating Margin % | -79.1% | — | -9.4% | -5.9% | 5.9% |
| Net Income | $-14M | $-24M | $-17M | $-2M | $3M |
| Diluted EPS | $-1.73 | $-23.03 | $-18.94 | $-0.43 | $0.21 |
Balance Sheet
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | — | 0.1 | 0.2 | 0.0 |
| Current Ratio | 1.7 | — | 1.3 | 1.7 | 3.1 |
| Quick Ratio | 0.0 | — | 0.6 | 0.9 | 2.7 |
Cash Flow
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-9M | — | $-734.9K | $-6M | $2M |
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Institutional owners (13F) 57 filers · $10.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 14 (+3 vs prior Q) | 18 (+1 vs prior Q) | 16 (+8 vs prior Q) | 15 (-10 vs prior Q) | +1.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Arrington Capital Management, LLC | $2,164,476 | 2,760,107 | 20.29% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,889,220 | 2,409,720 | 17.71% | Shares |
| MMCAP International Inc. SPC | $1,824,659 | 2,326,777 | 17.10% | Shares |
| JANE STREET GROUP, LLC | $629,556 | 802,800 | 5.90% | Call option |
| OSAIC HOLDINGS, INC. | $600,782 | 770,236 | 5.63% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $551,394 | 703,129 | 5.17% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $372,077 | 474,150 | 3.49% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $293,280 | 376,000 | 2.75% | Put option |
| VANGUARD FIDUCIARY TRUST CO | $244,108 | 311,362 | 2.29% | Shares |
| MILLENNIUM MANAGEMENT LLC | $212,688 | 271,216 | 1.99% | Shares |
| XTX Topco Ltd | $180,094 | 229,653 | 1.69% | Shares |
| CITADEL ADVISORS LLC | $161,310 | 205,700 | 1.51% | Call option |
| STATE STREET CORP | $150,584 | 192,022 | 1.41% | Shares |
| JANE STREET GROUP, LLC | $145,827 | 185,956 | 1.37% | Shares |
| SYNOVUS FINANCIAL CORP | $144,827 | 25,100 | 1.36% | Shares |
| J. Derek Lewis & Associates Inc. | $98,025 | 125,000 | 0.92% | Shares |
| NORTHERN TRUST CORP | $91,995 | 117,311 | 0.86% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $91,962 | 117,900 | 0.86% | Call option |
| CITADEL ADVISORS LLC | $88,771 | 113,200 | 0.83% | Put option |
| CITADEL ADVISORS LLC | $78,735 | 100,402 | 0.74% | Shares |
| UBS Group AG | $65,627 | 83,708 | 0.62% | Shares |
| CITIGROUP INC | $62,058 | 79,135 | 0.58% | Shares |
| Engineers Gate Manager LP | $60,962 | 77,738 | 0.57% | Shares |
| Pinnacle Financial Partners, Inc. | $55,459 | 70,720 | 0.52% | Shares |
| JANE STREET GROUP, LLC | $55,365 | 70,600 | 0.52% | Put option |
| GOLDMAN SACHS GROUP INC | $53,622 | 68,378 | 0.50% | Shares |
| IMC-Chicago, LLC | $41,381 | 52,768 | 0.39% | Shares |
| Millington Financial Advisors, LLC | $32,184 | 40,000 | 0.30% | Shares |
| VANGUARD GROUP INC | $31,104 | 18,514 | 0.29% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $25,980 | 33,125 | 0.24% | Shares |
| MORGAN STANLEY | $21,304 | 27,166 | 0.20% | Shares |
| Cetera Investment Advisers | $18,983 | 24,207 | 0.18% | Shares |
| HAP Trading, LLC | $15,993 | 24,700 | 0.15% | Call option |
| Vanguard Global Advisers, LLC | $14,515 | 18,514 | 0.14% | Shares |
| Smith Thornton Advisors LLC | $13,260 | 17,500 | 0.12% | Shares |
| Summit Financial, LLC | $11,763 | 15,000 | 0.11% | Shares |
| J.W. COLE ADVISORS, INC. | $11,606 | 14,800 | 0.11% | Shares |
| Stratos Wealth Partners, LTD. | $10,430 | 13,300 | 0.10% | Shares |
| BlackRock, Inc. | $10,307 | 13,143 | 0.10% | Shares |
| DEUTSCHE BANK AG\ | $8,892 | 11,400 | 0.08% | Shares |
| Private Advisor Group, LLC | $8,214 | 10,475 | 0.08% | Shares |
| LPL Financial LLC | $7,895 | 10,067 | 0.07% | Shares |
| Mariner, LLC | $7,846 | 10,005 | 0.07% | Shares |
| JPMORGAN CHASE & CO | $3,681 | 4,435 | 0.03% | Shares |
| Integrated Wealth Concepts LLC | $2,745 | 3,500 | 0.03% | Shares |
| SBI Securities Co., Ltd. | $1,240 | 1,581 | 0.01% | Shares |
| Tower Research Capital LLC (TRC) | $529 | 675 | 0.00% | Shares |
| Catherine Avery Investment Management LLC | $392 | 500 | 0.00% | Shares |
| VALLEY NATIONAL ADVISERS INC | $306 | 390 | 0.00% | Shares |
| HRT FINANCIAL LP | $111 | 142,525 | 0.00% | Shares |
| SIGNATUREFD, LLC | $89 | 113 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $56 | 67 | 0.00% | Shares |
| Virtu Financial LLC | $55 | 70,642 | 0.00% | Shares |
| SG Americas Securities, LLC | $11 | 14,427 | 0.00% | Shares |
| Optiver Holding B.V. | $3 | 4 | 0.00% | Shares |
| Avion Wealth | $0 | 527 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $0 | 80 | 0.00% | Shares |
Company insiders 6 insiders · 3 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Allan Marshall | Chief Executive Officer | July 3, 2026 A | 6,046,261 | 0 | 0 | $0 |
| Andrew James Norstrud | Chief Financial Officer | July 3, 2026 A | 1,049,138 | 0 | 0 | $0 |
| Brian Benjamin Rudick | Chief Strategy Officer | July 3, 2026 A | 1,238,597 | 0 | 0 | $0 |
| Lawrence Dugan | Director | July 3, 2026 A | 216,389 | 0 | 0 | $0 |
| Gene Salkind | Director | July 3, 2026 A | 318,750 | 0 | 0 | $0 |
| Thomas Charles Williams | — | July 21, 2021 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 3 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.