secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2026-05-13T20:35:40+00:00
Accession:  0001477932-26-003058
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upexi reports Q3 net loss of $109.3M on $4.6M revenue; digital asset revenue $3.5M
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- Revenue $4.6M vs $3.2M YoY; gross profit $4.4M (+179%) driven by digital asset treasury addition.
- Net loss $109.3M ($1.67/share) includes $92.3M non-cash unrealized losses on digital assets.
- SOL tokens held increased 9% (~189,000 tokens); digital asset revenue totaled $3.5M for the quarter.
- Reduced short-term debt by $7.6M; repurchased ~2.5M shares in the quarter under buyback program.
- Completed $36M convertible note for 265,500 locked SOL; raised $7.4M via registered direct offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226003058/0001477932-26-003058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226003058/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer