Upexi (UPXI) Gross Margin (2020 - 2026)
Upexi's (UPXI) quarterly Gross Margin came in at 95.47% in Q1 2026, up 4614.0% year-on-year from 2.03% in Q1 2025, and up 14.55% quarter-over-quarter from 83.35% in Q4 2025.
Upexi (UPXI) Gross Margin (2020 - 2026) Analysis & Trends
Upexi has disclosed Gross Margin across 7 years of filings, most recently posting 95.47% for Q1 2026.
- Gross Margin for Q1 2026 came in at 95.47%, up 4614.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 87.04% (up 3255.0% YoY), and the FY2025 annual result was 68.74%, up 1941.0% from the prior year.
- Gross Margin came in at 95.47% for Q1 2026 at Upexi, up from 83.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 95.47% in Q1 2026 to a low of 1.48% in Q2 2023.
- The 5-year median for Gross Margin is 61.2% (2023), against an average of 56.85%.
- Across the five-year window, Gross Margin sank 26368 bps in 2022 and surged 4843 bps in 2025, its largest moves.
- Upexi's Gross Margin stood at 37.72% in 2022, then jumped by 62 bps to 61.2% in 2023, then rose by 21 bps to 74.25% in 2024, then rose by 12 bps to 83.35% in 2025, then climbed by 15 bps to 95.47% in 2026.
- The last three Gross Margin figures came in at 95.47% (Q1 2026), 83.35% (Q4 2025), and 89.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | Upexi | 57.34 Mn | 53.86 Mn | 4.35 Mn | 95.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 95.47% |
| Dec 31, 2025 | 83.35% |
| Sep 30, 2025 | 89.65% |
| Jun 30, 2025 | 79.39% |
| Mar 31, 2025 | 49.33% |
| Dec 31, 2024 | 74.25% |
| Sep 30, 2024 | 67.26% |
| Jun 30, 2024 | 30.96% |
| Mar 31, 2024 | 24.27% |
| Dec 31, 2023 | 61.20% |
| Sep 30, 2023 | 65.62% |
| Jun 30, 2023 | -1.48% |
| Mar 31, 2023 | 34.63% |
| Dec 31, 2022 | 37.72% |
| Sep 30, 2022 | 51.85% |
| Jun 30, 2022 | 47.73% |
| Mar 31, 2022 | 75.19% |
| Dec 31, 2021 | 301.40% |
| Sep 30, 2021 | 67.14% |
| Jun 30, 2021 | 49.35% |