earnings
confidence high
sentiment negative
materiality 0.80
Upexi FY2026 net loss $246M on unrealized digital-asset losses; revenue up to $25M
UPEXI, INC.
- Fiscal 2026 revenue $25.0M (up 58% YoY); digital asset revenue $17.4M, primarily staking income.
- Net loss $246.1M ($3.87/share) vs $13.7M prior year, driven by $195.1M unrealized losses on digital assets.
- Held 2.34M SOL at avg purchase price $154/SOL; ~95% staked; cash $5.8M, up ~94% YoY.
- Retired ~$19.5M secured convertible note; repurchased ~2.9M shares; cut credit facility rate to 7.5% from 11.5%.
- Post-year-end ATM issued ~2.5M shares for ~$2.5M; CEO expects staking revenue to exceed cash opex from current quarter.