Upexi Q2 FY2026 revenue $8.1M, net loss $178.9M on $164.5M unrealized digital asset losses

UPEXI, INC.

Total revenue $8.1M (vs $4.0M YoY); digital asset staking revenue $5.1M, consumer brands $2.9M.
Gross profit $6.7M, up 126% YoY; net loss $178.9M ($2.94/sh) vs $1.3M loss YoY.
Net loss driven by $164.5M unrealized digital asset fair value adjustments and $8.3M stock-based compensation.
Cash and equivalents $1.6M at Dec 31; post-quarter cash ~$9.7M; shares outstanding 69.8M.
Post-quarter: $36M convertible note, $7.4M registered direct offering, $50M share repurchase program.

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