Upexi Inc (UPXI) Balance Sheet
UPXI balance sheet, FY2026
June 30, 2026 · U.S. dollars$180.1M assets = $233.9M liabilities + −$53.8M equity
Liabilities exceed assets: shareholders’ equity is negative (−$53.8M).
Both columns are drawn to the same scale: what UPXI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UPXI financial health
Descriptive bands, not a rating. Fiscal FY2026.
UPXI balance sheet trends, FY2019–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.5MFY2019 | $180.1MFY2026 | +57.5%/yr | |
| Total liabilities | $1.1MFY2019 | $233.9MFY2026 | +114.8%/yr | |
| Shareholders’ equity | $4.7MFY2019 | −$53.8MFY2026 | — | |
| Cash & short-term investments | $3.7MFY2019 | $5.8MFY2026 | +6.6%/yr | |
| Total debt | $2.8MFY2020 | $223.7MFY2026 | +106.9%/yr | |
| Net cash (debt) | −$2.0MFY2020 | −$217.9MFY2026 | −$216.0M | |
| Working capital | $4.0MFY2019 | $45.6MFY2026 | +$41.6M | |
| Current ratio | 4.62FY2019 | 1.64FY2026 | −2.98 | |
| Debt / equity | 12.63FY2020 | 0.31FY2025 | −12.32 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UPXI assets
UPXI liabilities and equity
UPXI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UPXI balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $5.8M | $3.0M | $661,415 | $4.5M | $7.1M | $14.5M | $887,517 | $3.7M |
| Cash & equivalents | $5.8M | $3.0M | $661,415 | $4.5M | $7.1M | $14.5M | $887,517 | $3.7M |
| Short-term investments | $109.6M | — | — | — | — | — | — | — |
| Receivables | $97,244 | $2.4M | $4.8M | $2.1M | $2.2M | $1.3M | $165,147 | $147,722 |
| Inventory | $265,961 | $1.2M | $1.4M | $4.8M | $6.5M | $2.1M | $1.4M | $1.1M |
| Other current assets | $110.6M | $50.3M | $4.5M | $18.6M | $1.3M | $386,258 | $148,562 | $131,976 |
| Total current assets | $116.8M | $56.8M | $11.4M | $30.0M | $17.1M | $18.3M | $2.6M | $5.1M |
| Property, plant & equipment (net) | $806,722 | $3.8M | $4.8M | $3.2M | $9.0M | $3.2M | $2.0M | $262,015 |
| Goodwill & intangible assets | $760,207 | $1.0M | $1.1M | $9.8M | $20.4M | $4.3M | $1.7M | $2.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $61.8M | $62.2M | $6.2M | $20.7M | $2.1M | $1.5M | $37,068 | $0 |
| Total assets | $180.1M | $123.8M | $23.5M | $63.8M | $48.5M | $27.3M | $6.4M | $7.5M |
| Liabilities | ||||||||
| Accounts payable | $277,644 | $1.0M | $481,647 | $1.0M | $1.6M | $1.6M | $484,333 | $271,062 |
| Short-term debt | $61.6M | $26.6M | $9.1M | $12.8M | $5.9M | $646,632 | $2.1M | — |
| Deferred revenue | $4,519 | $13,155 | $235,255 | $3.4M | $335,205 | $485,973 | $473,320 | $255,633 |
| Total current liabilities | $71.1M | $32.6M | $12.7M | $22.4M | $10.1M | $5.8M | $3.5M | $1.1M |
| Long-term debt | $162.4M | $0 | $2.6M | $16.2M | $8.9M | $0 | $365,350 | $0 |
| Lease obligations | $657,402 | $1.8M | $2.8M | $582,802 | $968,257 | $416,962 | $799,163 | $0 |
| Other long-term liabilities | $0 | $1.1M | $1.7M | $0 | $700,411 | $217,429 | $338,040 | $526,695 |
| Total liabilities | $233.9M | $33.7M | $17.0M | $36.0M | $19.7M | $6.0M | $4.2M | $1.1M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $787 | $383 | $11 | $1,011 | $16,713 | $15,262 | $10,223 | $9,654 |
| Retained earnings (deficit) | −$306.6M | −$60.5M | −$46.9M | −$23.2M | −$6.3M | −$4.2M | −$7.1M | −$1.7M |
| Accumulated other comprehensive income | — | — | — | $0 | $0 | $0 | — | $0 |
| Minority interest | — | — | — | −$505,147 | — | — | — | — |
| Total shareholders' equity | −$53.8M | $90.1M | $6.5M | $28.3M | $28.7M | $21.2M | $225,580 | $4.7M |
| Key figures | ||||||||
| Total debt | $223.7M | $27.8M | $13.5M | $26.3M | $15.5M | $864,062 | $2.8M | — |
| Net cash (debt) | −$217.9M | −$24.8M | −$12.8M | −$21.9M | −$8.3M | $13.7M | −$2.0M | — |
| Working capital | $45.6M | $24.2M | −$1.2M | $7.6M | $6.9M | $12.5M | −$869,760 | $4.0M |
| Tangible book value | −$54.6M | $89.1M | $5.4M | $18.5M | $8.4M | $17.0M | −$1.5M | $2.6M |
| Book value per share | −$0.85 | — | — | — | — | — | — | — |
| Shares outstanding | 63.5M | — | — | — | — | — | — | — |
| Current ratio | 1.64 | 1.74 | 0.90 | 1.34 | 1.68 | 3.14 | 0.75 | 4.62 |
| Quick ratio | 0.08 | 0.16 | 0.43 | 0.30 | 0.92 | 2.72 | 0.30 | 3.47 |
| Debt / equity | — | 0.31 | 2.06 | 0.93 | 0.54 | 0.04 | 12.63 | — |
| Equity / assets | −29.9% | 72.8% | 27.7% | 44.4% | 59.3% | 77.9% | 3.5% | 63.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $5.8M | $118.4M | $1.6M | $2.2M | $3.0M | $230,392 | $406,347 | $1.8M | $498,287 | $498,287 | $1.8M | $417,108 |
| Cash & equivalents | $5.8M | $3.5M | $1.6M | $2.2M | $3.0M | $230,392 | $406,347 | $1.8M | $498,287 | $498,287 | $1.8M | $417,108 |
| Short-term investments | $109.6M | $114.9M | $164.7M | $212.8M | — | — | — | — | — | — | — | — |
| Receivables | $97,244 | $2.2M | $2.9M | $2.8M | $2.4M | $2.2M | $3.2M | $3.0M | $4.9M | $4.7M | $5.4M | $9.8M |
| Inventory | $265,961 | $215,237 | $728,273 | $1.0M | $1.2M | $1.3M | $2.2M | $1.6M | $8.8M | $8.8M | $14.7M | $13.8M |
| Other current assets | $110.6M | $984,802 | $166.0M | $214.3M | $50.3M | $226,132 | $305,009 | $390,810 | $2.6M | $2.8M | $697,559 | $957,584 |
| Total current assets | $116.8M | $121.8M | $171.3M | $220.3M | $56.8M | $4.0M | $6.1M | $6.8M | $16.8M | $16.8M | $22.6M | $24.9M |
| Property, plant & equipment (net) | $806,722 | $952,278 | $1.2M | $3.9M | $3.8M | $3.9M | $4.2M | $4.6M | $9.0M | $9.0M | $9.3M | $9.8M |
| Goodwill & intangible assets | $760,207 | $71.5M | $1.5M | $992,777 | $1.0M | $1.0M | $1.1M | $1.1M | $20.3M | $20.3M | $23.1M | $24.1M |
| Long-term investments | $0 | $0 | $0 | $750,000 | $0 | $44,732 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $61.8M | $6.1M | $97.2M | $193.8M | $62.2M | $6.1M | $6.1M | $6.2M | $10.3M | $10.3M | $7.2M | $6.4M |
| Total assets | $180.1M | $200.4M | $271.1M | $419.7M | $123.8M | $15.1M | $17.5M | $18.6M | $56.5M | $56.5M | $62.2M | $65.2M |
| Liabilities | ||||||||||||
| Accounts payable | $277,644 | $288,722 | $665,840 | $2.2M | $1.0M | $1.4M | $1.0M | $575,238 | $2.1M | $2.1M | $3.0M | $4.6M |
| Short-term debt | $61.6M | $61.3M | $68.9M | $56.5M | $26.6M | $6.9M | $7.4M | $6.9M | $18.3M | — | $17.7M | $10.5M |
| Deferred revenue | $4,519 | $2,324 | $47,287 | $51,347 | $13,155 | $23,914 | $138,961 | $178,016 | $111,519 | — | $104,149 | $153,769 |
| Total current liabilities | $71.1M | $70.8M | $77.9M | $64.6M | $32.6M | $10.8M | $10.6M | $9.8M | $24.2M | $24.2M | $24.3M | $20.0M |
| Long-term debt | $162.4M | $181.0M | $144.1M | $143.2M | $0 | $576,170 | $1.3M | $2.0M | $2.6M | $9.2M | $11.3M | $16.0M |
| Lease obligations | $657,402 | $776,746 | $723,806 | $1.7M | $1.8M | $2.0M | $2.5M | $2.6M | $2.8M | $1.9M | $2.0M | $2.1M |
| Other long-term liabilities | $0 | $437,076 | $0 | $1.1M | $1.1M | $1.8M | $1.8M | $1.8M | $7.7M | $1.1M | $1.2M | $1.6M |
| Total liabilities | $233.9M | $252.3M | $222.4M | $208.9M | $33.7M | $13.2M | $13.8M | $13.6M | $34.5M | $34.5M | $36.7M | $37.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $787 | $669 | $632 | $589 | $383 | $1,430 | $1,045 | $1,045 | $20,909 | — | $20,307 | $20,307 |
| Retained earnings (deficit) | −$306.6M | −$282.1M | −$172.7M | $6.2M | −$60.5M | −$53.6M | −$49.8M | −$48.5M | −$31.1M | −$31.1M | −$27.0M | −$24.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | −$500 | — | −$500 | $0 |
| Total shareholders' equity | −$53.8M | −$51.9M | $48.7M | $210.8M | $90.1M | $1.9M | $3.8M | $5.0M | $22.1M | $22.1M | $25.5M | $27.6M |
| Key figures | ||||||||||||
| Total debt | $223.7M | $242.8M | $213.5M | $200.8M | $27.8M | $9.3M | $10.5M | $10.7M | $28.5M | $9.2M | $30.1M | $28.2M |
| Net cash (debt) | −$217.9M | −$124.4M | −$211.9M | −$198.5M | −$24.8M | −$9.1M | −$10.1M | −$8.9M | −$28.0M | −$8.7M | −$28.3M | −$27.8M |
| Working capital | $45.6M | $51.0M | $93.4M | $155.7M | $24.2M | −$6.8M | −$4.5M | −$3.0M | −$7.4M | −$7.4M | −$1.7M | $4.9M |
| Tangible book value | −$54.6M | −$123.4M | $47.2M | $209.8M | $89.1M | $819,556 | $2.7M | $4.0M | $1.7M | $1.7M | $2.4M | $3.5M |
| Book value per share | −$0.85 | −$0.79 | $0.80 | $2.38 | — | — | — | — | — | — | — | — |
| Shares outstanding | 63.5M | 65.5M | 60.8M | 88.5M | — | — | — | — | — | — | — | — |
| Current ratio | 1.64 | 1.72 | 2.20 | 3.41 | 1.74 | 0.37 | 0.58 | 0.69 | 0.70 | 0.70 | 0.93 | 1.24 |
| Quick ratio | 0.08 | 1.70 | 0.06 | 0.08 | 0.16 | 0.22 | 0.34 | 0.49 | 0.22 | 0.22 | 0.30 | 0.51 |
| Debt / equity | — | — | 4.38 | 0.95 | 0.31 | 5.02 | 2.80 | 2.12 | 1.29 | 0.42 | 1.18 | 1.02 |
| Equity / assets | −29.9% | −25.9% | 18.0% | 50.2% | 72.8% | 12.3% | 21.5% | 27.0% | 39.0% | 39.0% | 41.0% | 42.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 17, 2026); data from EODHD.
UPXI financial position
At the end of fiscal 2026 (June 30, 2026), Upexi had total assets of $180.1 million (up 45.5% from a year earlier), total liabilities of $233.9 million and shareholders' equity of -$53.8 million. It held $5.8 million in cash and short-term investments against $223.7 million of debt, net debt of $217.9 million. Its current ratio was 1.64.
Related: UPXI income statement, UPXI cash flow statement, UPXI key metrics. See the UPXI stock overview for the latest quote and news.
UPXI balance sheet FAQ
What are Upexi's total assets?
Upexi reported total assets of $180.1 million at the end of fiscal 2026 (June 30, 2026), compared with $123.8 million a year earlier.
How much debt does Upexi have?
Upexi had $223.7 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Upexi have?
Upexi held $5.8 million in cash and short-term investments at the end of fiscal 2026; with $223.7 million of debt that is net debt of $217.9 million.
What is Upexi's book value?
Upexi's shareholders' equity (book value) was -$53.8 million at the end of fiscal 2026, or −$0.85 per share.
What is Upexi's current ratio?
Upexi had current assets of $116.8 million and current liabilities of $71.1 million, a current ratio of 1.64 (it can cover its short-term obligations).
How much goodwill does Upexi have?
Upexi carried $0.8 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2026.