vs

Side-by-side financial comparison of Almonty Industries Inc. (ALM) and UPEXI, INC. (UPXI). Click either name above to swap in a different company.

UPEXI, INC. is the larger business by last-quarter revenue ($8.1M vs $6.3M, roughly 1.3× Almonty Industries Inc.). Almonty Industries Inc. runs the higher net margin — -86.1% vs -2222.1%, a 2136.1% gap on every dollar of revenue.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

ALM vs UPXI — Head-to-Head

Bigger by revenue
UPXI
UPXI
1.3× larger
UPXI
$8.1M
$6.3M
ALM
Higher net margin
ALM
ALM
2136.1% more per $
ALM
-86.1%
-2222.1%
UPXI

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ALM
ALM
UPXI
UPXI
Revenue
$6.3M
$8.1M
Net Profit
$-5.4M
$-178.9M
Gross Margin
83.3%
Operating Margin
-2177.9%
Net Margin
-86.1%
-2222.1%
Revenue YoY
101.0%
Net Profit YoY
-13649.6%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALM
ALM
UPXI
UPXI
Q4 25
$8.1M
Q3 25
$6.3M
$9.2M
Q2 25
$7.2M
$4.3M
Q1 25
$3.2M
Q4 24
$4.0M
Q3 24
$4.4M
Q2 24
$5.0M
Q1 24
$5.2M
Net Profit
ALM
ALM
UPXI
UPXI
Q4 25
$-178.9M
Q3 25
$-5.4M
$66.7M
Q2 25
$-58.2M
$-6.9M
Q1 25
$-3.8M
Q4 24
$-1.3M
Q3 24
$-1.6M
Q2 24
$-15.7M
Q1 24
$-4.1M
Gross Margin
ALM
ALM
UPXI
UPXI
Q4 25
83.3%
Q3 25
89.6%
Q2 25
79.4%
Q1 25
49.3%
Q4 24
74.3%
Q3 24
67.3%
Q2 24
31.0%
Q1 24
24.3%
Operating Margin
ALM
ALM
UPXI
UPXI
Q4 25
-2177.9%
Q3 25
Q2 25
-151.7%
Q1 25
-113.5%
Q4 24
-26.8%
Q3 24
-30.6%
Q2 24
-265.2%
Q1 24
-96.5%
Net Margin
ALM
ALM
UPXI
UPXI
Q4 25
-2222.1%
Q3 25
-86.1%
722.4%
Q2 25
-809.4%
-161.5%
Q1 25
-121.2%
Q4 24
-32.5%
Q3 24
-37.3%
Q2 24
-312.4%
Q1 24
-78.9%
EPS (diluted)
ALM
ALM
UPXI
UPXI
Q4 25
Q3 25
$0.76
Q2 25
$0.83
Q1 25
$-2.87
Q4 24
$-1.24
Q3 24
$1.55
Q2 24
$-15.66
Q1 24
$-4.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALM
ALM
UPXI
UPXI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$48.7M
Total Assets
$271.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
ALM
ALM
UPXI
UPXI
Q4 25
$48.7M
Q3 25
$210.8M
Q2 25
$90.1M
Q1 25
$1.9M
Q4 24
$3.8M
Q3 24
$5.0M
Q2 24
$6.5M
Q1 24
$22.1M
Total Assets
ALM
ALM
UPXI
UPXI
Q4 25
$271.1M
Q3 25
$419.7M
Q2 25
$123.8M
Q1 25
$15.1M
Q4 24
$17.5M
Q3 24
$18.6M
Q2 24
$23.5M
Q1 24
$56.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
UPXI
UPXI
Operating Cash FlowLast quarter
$-2.7M
Free Cash FlowOCF − Capex
$-2.7M
FCF MarginFCF / Revenue
-33.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
UPXI
UPXI
Q4 25
$-2.7M
Q3 25
$-9.8M
Q2 25
$-8.4M
Q1 25
$-778.7K
Q4 24
$-1.4M
Q3 24
$-2.0M
Q2 24
$-101.4K
Q1 24
$783.5K
Free Cash Flow
ALM
ALM
UPXI
UPXI
Q4 25
$-2.7M
Q3 25
$-9.8M
Q2 25
$-8.8M
Q1 25
$-809.3K
Q4 24
Q3 24
$-2.1M
Q2 24
$-1.0M
Q1 24
$600.9K
FCF Margin
ALM
ALM
UPXI
UPXI
Q4 25
-33.5%
Q3 25
-106.0%
Q2 25
-205.4%
Q1 25
-25.6%
Q4 24
Q3 24
-49.2%
Q2 24
-20.5%
Q1 24
11.5%
Capex Intensity
ALM
ALM
UPXI
UPXI
Q4 25
0.2%
Q3 25
0.2%
Q2 25
9.0%
Q1 25
1.0%
Q4 24
0.0%
Q3 24
3.8%
Q2 24
18.5%
Q1 24
3.5%
Cash Conversion
ALM
ALM
UPXI
UPXI
Q4 25
Q3 25
-0.15×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons