Upexi Inc. (UPXI) Financial Statements (2025 and earlier)

Company Profile

Business Address 3030 ROCKY POINT DRIVE
TAMPA, FL 33607
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
6/30/2024
12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   4,4927,15014,534
Cash and cash equivalents   4,4927,15014,534
Receivables6075,3777,1642,1551,278
Inventory, net of allowances, customer advances and progress billings1,43214,66411,5576,4542,095
Inventory1,43214,66411,5576,4542,095
Disposal group, including discontinued operation   90  
Intangible current assets   717  
Other undisclosed current assets9,3812,5421,4361,302386
Total current assets:11,42022,58325,45617,06218,293
Noncurrent Assets
Operating lease, right-of-use asset2,4191,657411927417
Property, plant and equipment2,3577,6007,5268,0462,832
Intangible assets, net (including goodwill)1,08923,10723,82320,3534,259
Goodwill84911,80910,2518,3012,414
Intangible assets, net (excluding goodwill)24011,29813,57212,0521,845
Deferred income tax assets5,949    
Other noncurrent assets2784429710049
Other undisclosed noncurrent assets  6,7716,5402,0031,404
Total noncurrent assets:12,09139,57838,39731,4298,961
TOTAL ASSETS:23,51162,16163,85348,49127,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2185,6767,3354,2483,052
Interest and dividends payable14810
Taxes payable 121
Employee-related liabilities5571,021
Accounts payable4823,0183,9702,5911,605
Accrued liabilities7362,6583,366952296
Deferred revenue235104 335486
Debt 4,2062,7315,425447
Other undisclosed current liabilities11,20214,2699,5391201,834
Total current liabilities:12,65524,25619,60610,1285,819
Noncurrent Liabilities
Long-term debt and lease obligation5002,150896700217
Long-term debt, excluding current maturities5002,150896  
Liabilities, other than long-term debt2,4693,821163680(680)
Accounts payable and accrued liabilities 7362,658   
Other liabilities    680(680)
Operating lease, liability1,7331,163163700217
Other undisclosed noncurrent liabilities1,3716,47115,3518,196680
Total noncurrent liabilities:4,34012,44216,4109,577217
Total liabilities:16,99536,69836,01619,7046,037
Equity
Equity, attributable to parent, including:6,51625,46327,83728,78721,218
Preferred stock01111
Common stock 20201715
Additional paid in capital53,37452,43751,52234,98625,372
Accumulated deficit(46,860)(26,995)(23,201)(6,271)(4,170)
Other undisclosed equity, attributable to parent 1 (505)55 
Total equity:6,51625,46327,83728,78721,218
TOTAL LIABILITIES AND EQUITY:23,51162,16163,85348,49127,255

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
6/30/2024
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
Revenues26,00191,20880,67744,58524,095
Cost of revenue(13,176)(57,025)(47,118)(19,396)(12,196)
Cost of goods and services sold(1,812)(175)(119)(1,045)(375)
Gross profit:12,82534,18433,55825,18911,899
Operating expenses(35,287)(39,552)(41,110)(27,841)(10,472)
Operating income (loss):(22,462)(5,369)(7,552)(2,652)1,427
Nonoperating income (expense)(3,141)(5,786)(10,919)(88)73
Debt instrument, convertible, beneficial conversion feature     343
Other nonoperating expense(3,141)(5,786)(10,919)(88)(269)
Interest and debt expense (58)(35)(132)(14)
Other undisclosed income from continuing operations before equity method investments, income taxes    308210
Income (loss) from continuing operations before equity method investments, income taxes:(25,604)(11,213)(18,506)(2,564)1,696
Other undisclosed income (loss) from continuing operations before income taxes (11,703)35  
Income (loss) from continuing operations before income taxes:(25,604)(22,916)(18,471)(2,564)1,696
Income tax expense (benefit)(332)(3,697)(3,049)(518)(1,283)
Income (loss) from continuing operations:(25,936)(26,613)(21,521)(3,083)413
Income (loss) before gain (loss) on sale of properties:(3,083)413
Income (loss) from discontinued operations1,164(1,391)(1,730)  
Other undisclosed net income (loss)1,1132,8186,320 203
Net income (loss):(23,658)(25,186)(16,930)(3,083)616
Other undisclosed net income (loss) attributable to parent 561(560)1,0372,363
Net income (loss) available to common stockholders, diluted:(23,658)(24,625)(17,490)(2,046)2,979

Comprehensive Income ($ in thousands)

9/30/2024
TTM
6/30/2024
12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
Net income (loss):(23,658)(25,186)(16,930)(3,083)616
Comprehensive income (loss), net of tax, attributable to parent:(23,658)(25,186)(16,930)(3,083)616

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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