UPEXI, INC. (UPXI) Form 8-K — Sep 17, 2026
Upexi reported fiscal 2026 results (year ended June 30, 2026) with total revenue of approximately $25.0 million, up from $15.8 million a year earlier, including $17.4 million of digital asset revenue that was primarily staking income on its Solana holdings. The bottom line was deeply negative: a net loss of $246.1 million, or $3.87 per share, versus a $13.7 million loss ($1.73 per share) in fiscal 2025, driven mainly by $195.1 million of unrealized losses on digital assets. Stockholders' equity swung to negative $53.8 million, and the company carries $57.3 million of short-term treasury debt plus $162.4 million of convertible notes against just $5.8 million of cash.
Key figures
- Revenue
- 24998028
- Total Debt
- ~$223.4 million ($57,295,723 short-term treasury debt + $162,442,056 convertible notes payable + $3,694,721 Cygnet subsidiary notes)
- Revenue Yoy
- +58% (up from $15,811,345 in fiscal 2025)
- Total Assets
- 180120791
- Cash Position
- 5778586
- Shares Outstanding
- 82102474
- Cash Growth
- up approximately 94% from June 30, 2025
- Sol Holdings
- ~2.34 million SOL as of June 30, 2026
- G And AExpense
- 26398877
- Shares Repurchased
- ~2.9 million shares
- Interest Expense Net
- 13561210
- Percent Of SOLStaked
- ~95%
- Digital Asset Revenue
- 17429206
- Convertible Note Retired
- ~$19.5 million
- Atm Shares Issued Post Year End
- ~2.5 million shares
- Gain On Extinguishment Of Debt
- 10288342
- Atm Gross Proceeds Post Year End
- ~$2.5 million
- Prior Year Stockholders Equity
- 90097498
- Bit Go Credit Facility Rate Change
- reduced from 11.5% to 7.5% per year (post year-end)
- Sol Average Purchase Price Per SOL
- $154
- Unrealized Loss On Digital Assets
- 195059336
- Realized Loss On Sale Of Digital Assets
- 6773418
- Realized Loss On Digital Asset Revenue Conversion
- 4931791
AI analysis
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