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Upexi

UPXI
16
Household & Personal Products · Consumer Defensive
Price
$0.80
-0.04 (-4.31%)
Market Cap
$59.1M
Exchange
NASDAQ
Winston Score
16
Winston is worried
Weak fundamentals across most pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+1010.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 713K (2021) → 7.9M (2025)

Upexi is a small consumer brands company that builds and buys product brands sold mostly online. Its brands span health and wellness, pet products, and lifestyle goods, sold directly to consumers through platforms like Amazon and its own websites. The company focuses on acquiring brands that already have an audience and then growing them through digital marketing.

Upexi makes money by selling physical products directly to shoppers online, keeping a large share of each sale since it owns the brands outright rather than reselling others' goods. It operates primarily in the United States and is a very small company with a market cap around $100 million. The high gross margin suggests strong pricing power on its branded products, but the main risk is that the company depends heavily on Amazon, meaning any change to that platform's fees or algorithms could quickly hurt sales.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+44.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+41.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

6.7%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~2 months

$3M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Upexi grew revenue 44% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
68.7%
Premium pricing power — 68.7% gross margin
Operating Margin
-79.1%
Losing money on operations — -79.1%
ROCE
-10.8%
Weak — -10.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-39.2%
Shrinking sales (-39.2% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
N/A
Data not available

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-55.7%
Burning cash (-55.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.29
Conservative — low debt load (0.29)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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