Upexi, Inc. (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, Inc. (UPXI) Operating Expenses (2020 - 2026) Analysis & Trends

Upexi (UPXI) has 7 years of Operating Expenses data on file, last reported 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.
  • The five-year high for Operating Expenses was $182.1 million in Q4 2025, with the low at -$60.9 million in Q3 2025.
  • Average Operating Expenses over 5 years is $19.4 million, with a median of $6.7 million recorded in 2023.
  • Year-over-year, Operating Expenses soared 5014.43% in 2023 and slumped 1527.17% in 2025.
  • Upexi's Operating Expenses stood at $11.8 million in 2022, then plunged by 39.19% to $7.2 million in 2023, then tumbled by 43.54% to $4.0 million in 2024, then soared by 4398.7% to $182.1 million in 2025, then sank by 38.96% to $111.1 million in 2026.
  • Business Quant data shows UPXI's Operating Expenses at $111.1 million in Q1 2026, $182.1 million in Q4 2025, and -$60.9 million in Q3 2025.

Peer Comparison

Historic Data

Download Data
DateValue
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