Upexi (UPXI) Gross Margin (2020 - 2026)

Upexi (UPXI) posted Gross Margin of 414.09% for Q1 2026, up 396.83% sequentially from 83.35% in Q4 2025.

Analysis

Upexi (UPXI) Gross Margin (2020 - 2026) Analysis & Trends

Upexi has reported Gross Margin for 7 years, with the latest figure at 414.09% in Q1 2026.

Quarterly Gross Margin changed N/A year-over-year to 414.09% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 81.05% (up 1371.0% YoY) and the FY2025 annual result came in at 68.74%, up 1941.0% from the prior year.
Gross Margin advanced to 414.09% in Q1 2026 per UPXI's latest filing, from 83.35% in the prior quarter.
Over five years, Gross Margin peaked at 414.09% in Q1 2026 and troughed at 1.48% in Q2 2023.
A 5-year average of 84.41% and a median of 56.53% in 2022 frame the typical range for Gross Margin.
The sharpest annual moves came in 2023 and 2025: Gross Margin plunged 4921 bps in 2023, then surged 19518 bps in 2025.
Over 5 years, Gross Margin stood at 37.72% in 2022, then soared by 62 bps to 61.2% in 2023, then advanced by 21 bps to 74.25% in 2024, then advanced by 12 bps to 83.35% in 2025, then jumped by 397 bps to 414.09% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 414.09%, 83.35%, and 262.44% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Alphabet	4,083.83 Bn	3,654.79 Bn	73.85 Bn	61.65%
2	Meta Platforms	1,456.07 Bn	1,365.81 Bn	49.47 Bn	81.37%
3	Spotify Technology	111.71 Bn	104.79 Bn	1.86 Bn	33.41%
4	Nebius	50.03 Bn	40.93 Bn	448.70 Mn	77.06%
5	Reddit	28.44 Bn	25.65 Bn	734.60 Mn	91.27%
6	Bilibili	13.59 Bn	11.45 Bn	433.97 Mn	37.22%
7	Tencent Music Entertainment	12.71 Bn	9.21 Bn	582.00 Mn	-
8	Pinterest	12.21 Bn	10.93 Bn	922.30 Mn	78.18%
9	Match	9.45 Bn	8.86 Bn	648.84 Mn	76.06%
10	Upexi	71.34 Mn	67.85 Mn	4.35 Mn	95.47%

Historic Data

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