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Side-by-side financial comparison of UPEXI, INC. (UPXI) and Xos, Inc. (XOS). Click either name above to swap in a different company.
UPEXI, INC. is the larger business by last-quarter revenue ($8.1M vs $5.2M, roughly 1.5× Xos, Inc.). Xos, Inc. runs the higher net margin — -186.8% vs -2222.1%, a 2035.3% gap on every dollar of revenue. On growth, UPEXI, INC. posted the faster year-over-year revenue change (101.0% vs -54.5%). Over the past eight quarters, UPEXI, INC.'s revenue compounded faster (24.2% CAGR vs -35.7%).
Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.
UPXI vs XOS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1M | $5.2M |
| Net Profit | $-178.9M | $-9.8M |
| Gross Margin | 83.3% | -50.5% |
| Operating Margin | -2177.9% | -186.6% |
| Net Margin | -2222.1% | -186.8% |
| Revenue YoY | 101.0% | -54.5% |
| Net Profit YoY | -13649.6% | 48.6% |
| EPS (diluted) | — | $-0.76 |
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 | $8.1M | $5.2M | ||
| Q3 25 | $9.2M | $16.5M | ||
| Q2 25 | $4.3M | $18.4M | ||
| Q1 25 | $3.2M | $5.9M | ||
| Q4 24 | $4.0M | $11.5M | ||
| Q3 24 | $4.4M | $15.8M | ||
| Q2 24 | $5.0M | $15.5M | ||
| Q1 24 | $5.2M | $12.6M |
| Q4 25 | $-178.9M | $-9.8M | ||
| Q3 25 | $66.7M | $2.1M | ||
| Q2 25 | $-6.9M | $-7.5M | ||
| Q1 25 | $-3.8M | $-10.2M | ||
| Q4 24 | $-1.3M | $-19.0M | ||
| Q3 24 | $-1.6M | $-10.5M | ||
| Q2 24 | $-15.7M | $-9.7M | ||
| Q1 24 | $-4.1M | $-11.0M |
| Q4 25 | 83.3% | -50.5% | ||
| Q3 25 | 89.6% | 15.3% | ||
| Q2 25 | 79.4% | 8.8% | ||
| Q1 25 | 49.3% | 20.6% | ||
| Q4 24 | 74.3% | -32.4% | ||
| Q3 24 | 67.3% | 18.1% | ||
| Q2 24 | 31.0% | 13.1% | ||
| Q1 24 | 24.3% | 22.1% |
| Q4 25 | -2177.9% | -186.6% | ||
| Q3 25 | — | -42.4% | ||
| Q2 25 | -151.7% | -38.5% | ||
| Q1 25 | -113.5% | -157.7% | ||
| Q4 24 | -26.8% | -127.0% | ||
| Q3 24 | -30.6% | -61.4% | ||
| Q2 24 | -265.2% | -73.2% | ||
| Q1 24 | -96.5% | -81.1% |
| Q4 25 | -2222.1% | -186.8% | ||
| Q3 25 | 722.4% | 12.9% | ||
| Q2 25 | -161.5% | -40.8% | ||
| Q1 25 | -121.2% | -173.3% | ||
| Q4 24 | -32.5% | -165.4% | ||
| Q3 24 | -37.3% | -66.6% | ||
| Q2 24 | -312.4% | -62.2% | ||
| Q1 24 | -78.9% | -87.1% |
| Q4 25 | — | $-0.76 | ||
| Q3 25 | $0.76 | $0.22 | ||
| Q2 25 | $0.83 | $-0.91 | ||
| Q1 25 | $-2.87 | $-1.26 | ||
| Q4 24 | $-1.24 | $-2.34 | ||
| Q3 24 | $1.55 | $-1.32 | ||
| Q2 24 | $-15.66 | $-1.23 | ||
| Q1 24 | $-4.03 | $-1.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.7M | $23.3M |
| Total Assets | $271.1M | $60.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.0M | ||
| Q3 25 | — | $14.1M | ||
| Q2 25 | — | $8.8M | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $46.2M |
| Q4 25 | $48.7M | $23.3M | ||
| Q3 25 | $210.8M | $31.1M | ||
| Q2 25 | $90.1M | $18.3M | ||
| Q1 25 | $1.9M | $24.8M | ||
| Q4 24 | $3.8M | $33.6M | ||
| Q3 24 | $5.0M | $50.8M | ||
| Q2 24 | $6.5M | $59.2M | ||
| Q1 24 | $22.1M | $67.8M |
| Q4 25 | $271.1M | $60.4M | ||
| Q3 25 | $419.7M | $73.8M | ||
| Q2 25 | $123.8M | $80.3M | ||
| Q1 25 | $15.1M | $87.7M | ||
| Q4 24 | $17.5M | $98.3M | ||
| Q3 24 | $18.6M | $120.5M | ||
| Q2 24 | $23.5M | $123.4M | ||
| Q1 24 | $56.5M | $135.0M |
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 | $-2.7M | $2.4M |
| Free Cash FlowOCF − Capex | $-2.7M | — |
| FCF MarginFCF / Revenue | -33.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.7M | $2.4M | ||
| Q3 25 | $-9.8M | $3.1M | ||
| Q2 25 | $-8.4M | $4.6M | ||
| Q1 25 | $-778.7K | $-4.8M | ||
| Q4 24 | $-1.4M | $3.3M | ||
| Q3 24 | $-2.0M | $-11.5M | ||
| Q2 24 | $-101.4K | $-26.0M | ||
| Q1 24 | $783.5K | $-14.6M |
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-9.8M | — | ||
| Q2 25 | $-8.8M | — | ||
| Q1 25 | $-809.3K | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.1M | $-11.7M | ||
| Q2 24 | $-1.0M | $-26.1M | ||
| Q1 24 | $600.9K | $-14.6M |
| Q4 25 | -33.5% | — | ||
| Q3 25 | -106.0% | — | ||
| Q2 25 | -205.4% | — | ||
| Q1 25 | -25.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -49.2% | -73.9% | ||
| Q2 24 | -20.5% | -168.1% | ||
| Q1 24 | 11.5% | -115.7% |
| Q4 25 | 0.2% | 0.0% | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 9.0% | 0.0% | ||
| Q1 25 | 1.0% | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 3.8% | 0.9% | ||
| Q2 24 | 18.5% | 0.8% | ||
| Q1 24 | 3.5% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | -0.15× | 1.45× | ||
| 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.
