secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2026-09-17T21:01:17+00:00
Accession:  0001477932-26-005669
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upexi FY2026 net loss $246M on unrealized digital-asset losses; revenue up to $25M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226005669/0001477932-26-005669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226005669/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-005669

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