UPAY (UPYY)
Established in Dallas, Texas, in 2008, UPAY, Inc. delivers a range of software solutions and services, with a primary focus on the lending industry. The company's core product is the Automated Credit Provider Administration System (ACPAS), a web-based platform for client and loan management, specifically designed for registered lenders operating in South Africa. UPAY also provides a cloud-based loan origination system, enabling its customers to efficiently issue loans, retail various products, manage bill payments, or process recurring subscriptions under defined terms. Complementing its software offerings, the company develops custom websites for clients, resells credit bureau information, acts as an agent for a registered insurance carrier, and serves as a third-party payment processor for debit order transactions. Furthermore, UPAY undertakes custom software development projects and offers general administrative staffing support to a diverse clientele, including businesses with physical branches and those operating entirely online lending platforms.
Sector: Services-Prepackaged Software
Industry: Software - Application
UPAY, Inc.
OTC:UPYYTechnology · Software - Application
Mkt Cap-
Float3.16M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$746K
Net Income-$1.41M
Total Assets$227K
Free Cash Flow-$290K
Debt & Equity
Debt 1961%
Total Debt$541K
Total Equity-$514K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in UPYY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$227K
Liabilities$741K
Accounts Receivable$45K
Accounts Payable$97K
Inventory$0
PP&E (Net)$61K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-29 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 |
| Revenue | $746K | $715K | $1.39M | $1.36M | $1.46M | $1.11M | $1.37M | $1.1M | $778K | $573K | $341K |
| YoY Growth | 4.3% | -48.7% | 2.5% | -6.8% | 31.4% | -19.0% | 24.8% | 41.2% | 35.9% | 68.1% | - |
| Cost of Revenue | $199K | $271K | $660K | $575K | $505K | $300K | $359K | $318K | $144K | $65K | $54K |
| Gross Profit | $548K | $444K | $735K | $785K | $953K | $811K | $1.01M | $781K | $634K | $508K | $287K |
| Gross Margin | 73.4% | 62.1% | 52.7% | 57.7% | 65.4% | 73.0% | 73.8% | 71.1% | 81.5% | 88.7% | 84.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $994K | $946K | $1.4M | $820K | $1.22M | $929K | $962K | $820K | $720K | $552K | $272K |
| Other | $0 | $8K | $0 | $0 | $55K | $55K | $45K | $0 | $6K | $5K | $5K |
| Total Operating Expenses | $994K | $953K | $1.4M | $874K | $1.28M | $984K | $1.02M | $820K | $726K | $558K | $276K |
| Operating Income (EBIT) | -$447K | -$509K | -$663K | -$85K | -$312K | -$172K | -$32K | -$39K | -$89K | -$47K | $10K |
| Operating Margin | -59.8% | -71.1% | -47.6% | -6.3% | -21.4% | -15.5% | -2.4% | -3.5% | -11.4% | -8.3% | 3.0% |
| Interest Expense | $50K | $35K | $33K | $33K | $16K | $8K | $7K | $4K | $291 | $2K | $2K |
| Interest Income | $1K | $3K | $12K | $4K | $3K | $2K | $7K | $2K | $3K | $2K | $57 |
| Other Income (Expense) | -$7K | -$31K | -$38K | -$33K | -$60K | -$61K | $215 | $3K | $2K | -$2K | -$2K |
| Income Before Tax (EBT) | -$454K | -$540K | -$702K | -$118K | -$328K | -$180K | -$4K | -$36K | -$89K | -$49K | $8K |
| Income Tax Expense | $953K | $0 | $34K | $18K | $41K | $0 | $17K | $4K | $5K | $12K | $4K |
| Net Income | -$1.41M | -$540K | -$736K | -$135K | -$369K | -$187K | -$21K | -$40K | -$94K | -$61K | $5K |
| Net Income Margin | -188.5% | -75.5% | -52.8% | -10.0% | -25.3% | -16.9% | -1.5% | -3.6% | -12.1% | -10.6% | 1.3% |
| Supplementary Data | |||||||||||
| EPS | -0.08 | -0.03 | -0.04 | -0.01 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Diluted EPS | -0.08 | -0.03 | -0.04 | -0.01 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Weighted Average OS | 17.27M | 16.18M | 16.84M | 17.16M | 23.90M | 23.26M | 24.95M | 25.58M | 23.26M | 23.26M | 23.26M |
| EBITDA | -$447K | -$498K | -$650K | -$30K | -$257K | -$117K | $58K | $13K | -$83K | -$42K | $15K |
| EBITDA Margin | -59.8% | -69.6% | -46.6% | -2.2% | -17.6% | -10.5% | 4.2% | 1.2% | -10.7% | -7.3% | 4.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-29 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $96K | $55K | $643K | $663K | $1.16M | $308K | $287K | $691K | $410K | $263K | $146K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $96K | $55K | $643K | $663K | $1.16M | $308K | $287K | $691K | $410K | $263K | $146K |
| Accounts Receivable | $45K | $40K | $73K | $68K | $93K | $106K | $95K | $103K | $55K | $90K | $38K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | $0 | $0 | $0 |
| Other Current Assets | $13K | $53K | $3K | $2K | $3K | $5K | $0 | $5K | $3K | $0 | $0 |
| Total Current Assets | $154K | $148K | $719K | $733K | $1.25M | $419K | $386K | $799K | $467K | $355K | $185K |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $61K | $76K | $41K | $57K | $124K | $192K | $174K | $224K | $6K | $9K | $9K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $5 | $325 | $7K | $49K | $90K | $129K | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $25K | $17K | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | -$49K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $13K | $11K | $10K | $36K | $52K | -$90K | -$129K | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $74K | $86K | $51K | $100K | $200K | $208K | $174K | $224K | $6K | $9K | $9K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $227K | $234K | $770K | $833K | $1.45M | $627K | $560K | $1.02M | $473K | $364K | $194K |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $97K | $133K | $547K | $709K | $1.27M | $347K | $329K | $774K | $425K | $218K | $82K |
| Short-Term Debt | $197K | $303K | $303K | $303K | $206K | $25K | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $5K | $3K | $6K | $5K | $3K | $3K | $4K | $4K |
| Current Unearned Revenue | $0 | $0 | $0 | -$785K | $0 | $0 | $3K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $681 | $34K | $80K | $52K | -$13K | $6K | -$3K | $0 | $0 | $4K | $4K |
| Total Current Liabilities | $420K | $534K | $949K | $1.12M | $1.52M | $411K | $346K | $786K | $428K | $222K | $89K |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $296K | $126K | $76K | $76K | $144K | $78K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $321K | $169K | $76K | $95K | $186K | $149K | $27K | $40K | $425K | $218K | $6K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$425K | -$218K | $0 |
| Total Liabilities | $741K | $703K | $1.03M | $1.22M | $1.71M | $560K | $373K | $826K | $428K | $222K | $95K |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $258K | $17K | $16K | $17K | $17K | $23K | $23K | $26K | $24K | $24K | $23K |
| Retained Earnings | -$3.57M | -$2.16M | -$1.62M | -$887K | -$752K | -$383K | -$203K | -$182K | -$143K | -$49K | $12K |
| Comprehensive Income & Other | -$67K | -$72K | -$77K | -$61K | -$40K | -$24K | -$26K | -$23K | -$9K | -$6K | -$6K |
| Other Stockholders' Equity | $2.8M | $1.68M | $1.35M | $488K | $479K | $426K | $367K | $354K | $164K | $166K | $63K |
| Total Equity | -$514K | -$469K | -$255K | -$382K | -$255K | $67K | $187K | $197K | $45K | $142K | $99K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $227K | $234K | $770K | $833K | $1.45M | $627K | $560K | $1.02M | $473K | $364K | $194K |
| Supplementary Data | |||||||||||
| Total Debt | $541K | $489K | $397K | $450K | $418K | $198K | $39K | $49K | $0 | $0 | $9K |
| Net Debt | $445K | $434K | -$245K | -$213K | -$738K | -$110K | -$249K | -$643K | -$410K | -$263K | -$137K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-29 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-29 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 |
| Operating Activities | |||||||||||
| Net Income | -$1.41M | -$540K | -$736K | -$135K | -$369K | -$180K | -$21K | -$40K | -$94K | -$61K | $5K |
| Depreciation & Amortization | $7K | $8K | $18K | $55K | $55K | $55K | $55K | $45K | $6K | $5K | $5K |
| Deferred Income Tax | $0 | $0 | $0 | -$40K | -$302K | -$18K | $5K | $205K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $200K | $40K | $302K | $18K | $4K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$15K | $34K | -$7K | $8K | $14K | -$11K | $8K | -$48K | $35K | -$52K | -$32K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 |
| Accounts Payable | $31K | -$440K | -$74K | -$331K | $825K | $24K | -$442K | $348K | $202K | $134K | $48K |
| Other Working Capital | $40K | -$11K | $31K | $1K | -$3K | $2K | -$2K | -$2K | $4K | -$10K | $5K |
| Total Working Capital Change | $56K | -$417K | -$50K | -$321K | $835K | $15K | -$433K | $299K | $240K | $72K | $21K |
| Other Non-Cash Items | $1.06M | $185K | $422K | $41K | $267K | $25K | -$5K | -$209K | $0 | $43K | $0 |
| Net Cash from Operating | -$288K | -$765K | -$146K | -$361K | $789K | -$85K | -$395K | $305K | $152K | $59K | $30K |
| Investing Activities | |||||||||||
| Capital Expenditures | -$2K | $0 | -$24K | -$8K | -$4K | -$6K | -$8K | -$5K | -$3K | -$4K | -$1K |
| Acquisitions | $0 | $0 | $0 | $810 | $0 | $0 | $0 | $0 | $0 | $0 | $5K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$20K | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $827 | $810 | $0 | -$20K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$2K | $0 | -$23K | -$7K | -$4K | -$26K | -$8K | -$5K | -$3K | -$4K | $4K |
| Financing Activities | |||||||||||
| Debt Repaid | -$220K | -$50K | $1K | -$30K | -$233K | -$87K | $8K | $5K | - | - | $3K |
| Common Stock Issuance | $100K | $100K | $210K | $0 | $0 | $5K | $10K | $0 | $0 | $61K | $87K |
| Common Stock Repurchases | $0 | $0 | -$24K | $0 | -$150K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $210K | $0 | -$150K | $34K | $0 | $0 | $0 | $0 | -$930 |
| Net Cash from Financing | $320K | $150K | $185K | $30K | $83K | $126K | $2K | -$5K | $0 | $61K | $83K |
| Forex Effect | $11K | $27K | -$37K | -$154K | -$20K | $5K | -$2K | -$14K | -$3K | -$375 | -$23K |
| Net Change in Cash | $41K | -$587K | -$20K | -$493K | $848K | $21K | -$404K | $281K | $147K | $117K | $93K |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$288K | -$765K | -$146K | -$361K | $789K | -$85K | -$395K | $305K | $152K | $59K | $30K |
| Capital Expenditure | -$2K | $4 | -$24K | -$8K | -$4K | -$6K | -$8K | -$5K | -$3K | -$4K | -$1K |
| Free Cash Flow | -$290K | -$765K | -$170K | -$369K | $785K | -$91K | -$403K | $300K | $149K | $56K | $29K |
| Cash at Beginning | $55K | $643K | $663K | $1.16M | $308K | $287K | $691K | $410K | $263K | $146K | $53K |
| Cash at End | $96K | $55K | $643K | $663K | $1.16M | $308K | $287K | $691K | $410K | $263K | $146K |