Upexi (UPXI) Operating Expenses (2020 - 2026)
Upexi (UPXI) posted Operating Expenses of $111.1 million for Q1 2026, down 38.96% sequentially from $182.1 million in Q4 2025, and up 2059.54% YoY from $5.1 million in Q1 2025.
Upexi (UPXI) Operating Expenses (2020 - 2026) Analysis & Trends
Upexi has reported Operating Expenses for 7 years, with the latest figure at $111.1 million in Q1 2026.
- Quarterly Operating Expenses rose 2059.54% year-over-year to $111.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $242.2 million (up 753.39% YoY) and the FY2025 annual result came in at $23.4 million, down 33.78% from the prior year.
- Operating Expenses slipped to $111.1 million in Q1 2026 per UPXI's latest filing, from $182.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $182.1 million in Q4 2025 and troughed at -$60.9 million in Q3 2025.
- A 5-year average of $19.4 million and a median of $6.7 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 5014.43% in 2023, then plunged 1527.17% in 2025.
- Over 5 years, Operating Expenses stood at $11.8 million in 2022, then tumbled by 39.19% to $7.2 million in 2023, then slumped by 43.54% to $4.0 million in 2024, then surged by 4398.7% to $182.1 million in 2025, then plunged by 38.96% to $111.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $111.1 million, $182.1 million, and -$60.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Upexi | 52.88 Mn | 49.39 Mn | 4.35 Mn | 111.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 111.14 Mn |
| Dec 31, 2025 | 182.08 Mn |
| Sep 30, 2025 | -60.87 Mn |
| Jun 30, 2025 | 9.91 Mn |
| Mar 31, 2025 | 5.15 Mn |
| Dec 31, 2024 | 4.05 Mn |
| Sep 30, 2024 | 4.27 Mn |
| Jun 30, 2024 | 14.93 Mn |
| Mar 31, 2024 | 6.31 Mn |
| Dec 31, 2023 | 7.17 Mn |
| Sep 30, 2023 | 6.89 Mn |
| Jun 30, 2023 | 6.67 Mn |
| Mar 31, 2023 | 9.71 Mn |
| Dec 31, 2022 | 11.79 Mn |
| Sep 30, 2022 | 134,625.00 |
| Jun 30, 2022 | 6.21 Mn |
| Mar 31, 2022 | 4.87 Mn |
| Dec 31, 2021 | 6.81 Mn |
| Sep 30, 2021 | 3.48 Mn |
| Jun 30, 2021 | 3.84 Mn |