---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-008089"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:22:00.553728+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Upexi reports Q1 digital asset revenue of $6.1M; net income $66.7M vs loss of $1.6M YoY

## Summary
- Total revenue $9.2M (up 109% YoY); digital asset revenue $6.1M, consumer brands $3.2M.
- Gross profit $8.3M, up 183% YoY, driven by digital asset staking income.
- Net income $66.7M ($1.21 EPS) vs net loss of $1.6M; includes ~$78M unrealized gain on Solana.
- Closed $200M private placement of common stock and convertible notes; announced $500M equity line.
- Cash and equivalents $2.2M at Sep 30, 2025; 59.9M shares outstanding as of Nov 12, 2025.

## SEC filing metadata
- accession: 0001477932-25-008089
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793225008089/0001477932-25-008089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793225008089/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-008089
- JSON: https://secwatch.observer/filing/0001477932-25-008089.json
- Plain text: https://secwatch.observer/filing/0001477932-25-008089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.