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Side-by-side financial comparison of enCore Energy Corp. (EU) and UPEXI, INC. (UPXI). Click either name above to swap in a different company.
enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $8.1M, roughly 1.5× UPEXI, INC.). enCore Energy Corp. runs the higher net margin — -173.9% vs -2222.1%, a 2048.2% gap on every dollar of revenue. enCore Energy Corp. produced more free cash flow last quarter ($7.2M vs $-2.7M).
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
EU vs UPXI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $8.1M |
| Net Profit | $-21.5M | $-178.9M |
| Gross Margin | 37.9% | 83.3% |
| Operating Margin | -135.9% | -2177.9% |
| Net Margin | -173.9% | -2222.1% |
| Revenue YoY | — | 101.0% |
| Net Profit YoY | — | -13649.6% |
| EPS (diluted) | $-0.11 | — |
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.
| Q4 25 | $12.4M | $8.1M | ||
| Q3 25 | $8.9M | $9.2M | ||
| Q2 25 | $3.7M | $4.3M | ||
| Q1 25 | $18.2M | $3.2M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $4.4M | ||
| Q2 24 | — | $5.0M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | $-21.5M | $-178.9M | ||
| Q3 25 | $-4.8M | $66.7M | ||
| Q2 25 | $-6.3M | $-6.9M | ||
| Q1 25 | $-24.2M | $-3.8M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-1.6M | ||
| Q2 24 | — | $-15.7M | ||
| Q1 24 | — | $-4.1M |
| Q4 25 | 37.9% | 83.3% | ||
| Q3 25 | 43.8% | 89.6% | ||
| Q2 25 | 30.8% | 79.4% | ||
| Q1 25 | -0.1% | 49.3% | ||
| Q4 24 | — | 74.3% | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 31.0% | ||
| Q1 24 | — | 24.3% |
| Q4 25 | -135.9% | -2177.9% | ||
| Q3 25 | -158.2% | — | ||
| Q2 25 | -526.1% | -151.7% | ||
| Q1 25 | -85.7% | -113.5% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | — | -30.6% | ||
| Q2 24 | — | -265.2% | ||
| Q1 24 | — | -96.5% |
| Q4 25 | -173.9% | -2222.1% | ||
| Q3 25 | -53.7% | 722.4% | ||
| Q2 25 | -172.7% | -161.5% | ||
| Q1 25 | -132.9% | -121.2% | ||
| Q4 24 | — | -32.5% | ||
| Q3 24 | — | -37.3% | ||
| Q2 24 | — | -312.4% | ||
| Q1 24 | — | -78.9% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | $0.76 | ||
| Q2 25 | $-0.03 | $0.83 | ||
| Q1 25 | $-0.13 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $52.4M | — |
| Total DebtLower is stronger | $110.0M | — |
| Stockholders' EquityBook value | $229.2M | $48.7M |
| Total Assets | $430.4M | $271.1M |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | — | ||
| Q3 25 | $91.9M | — | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $29.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $110.0M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $229.2M | $48.7M | ||
| Q3 25 | $248.6M | $210.8M | ||
| Q2 25 | $264.7M | $90.1M | ||
| Q1 25 | $267.9M | $1.9M | ||
| Q4 24 | — | $3.8M | ||
| Q3 24 | — | $5.0M | ||
| Q2 24 | — | $6.5M | ||
| Q1 24 | — | $22.1M |
| Q4 25 | $430.4M | $271.1M | ||
| Q3 25 | $441.9M | $419.7M | ||
| Q2 25 | $359.4M | $123.8M | ||
| Q1 25 | $362.6M | $15.1M | ||
| Q4 24 | — | $17.5M | ||
| Q3 24 | — | $18.6M | ||
| Q2 24 | — | $23.5M | ||
| Q1 24 | — | $56.5M |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.9M | $-2.7M |
| Free Cash FlowOCF − Capex | $7.2M | $-2.7M |
| FCF MarginFCF / Revenue | 57.8% | -33.5% |
| Capex IntensityCapex / Revenue | 46.7% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | $-22.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $-2.7M | ||
| Q3 25 | $-20.3M | $-9.8M | ||
| Q2 25 | $-9.9M | $-8.4M | ||
| Q1 25 | $-7.7M | $-778.7K | ||
| Q4 24 | — | $-1.4M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-101.4K | ||
| Q1 24 | — | $783.5K |
| Q4 25 | $7.2M | $-2.7M | ||
| Q3 25 | $-26.3M | $-9.8M | ||
| Q2 25 | $-14.1M | $-8.8M | ||
| Q1 25 | $-11.7M | $-809.3K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | — | $-1.0M | ||
| Q1 24 | — | $600.9K |
| Q4 25 | 57.8% | -33.5% | ||
| Q3 25 | -296.6% | -106.0% | ||
| Q2 25 | -385.2% | -205.4% | ||
| Q1 25 | -64.1% | -25.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -49.2% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | 11.5% |
| Q4 25 | 46.7% | 0.2% | ||
| Q3 25 | 68.0% | 0.2% | ||
| Q2 25 | 115.1% | 9.0% | ||
| Q1 25 | 21.7% | 1.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 18.5% | ||
| Q1 24 | — | 3.5% |
| 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.
