Upexi, Inc. (NASDAQ: UPXI) reported its financial results for the fiscal year ended June 30, 2026, in a Form 8-K filed on September 17, 2026. The company, which operates as a Solana-focused digital asset treasury company and consumer brands owner, announced that total revenue for the fiscal year was approximately $25.0 million, a significant increase from the $15.8 million reported in the prior year.
A primary driver of this revenue growth was digital asset revenue, which totaled $17.4 million. This figure represents the company's staking income. The company also disclosed that its Solana treasury held approximately 2.34 million SOL as of June 30, 2026, with an average purchase price of $154 per SOL. Approximately 95% of the SOL held was staked.
Despite the revenue increase, the company reported a net loss of $246.1 million, or $3.87 per share, for fiscal 2026. This compares to a net loss of $13.7 million, or $1.73 per share, in fiscal 2025. The company attributed the expanded loss to $195.1 million in unrealized losses on digital assets. Additionally, general and administrative expenses rose to $26.4 million in fiscal 2026, compared to $11.9 million in the prior year, largely due to the build-out of its treasury strategy.
On the balance sheet, Upexi reported cash totaling $5.8 million as of June 30, 2026, which represents an increase of approximately 94% compared to the prior year. The company also noted that it repurchased approximately 2.9 million shares of common stock during the fiscal year and retired approximately $19.5 million in debt on its secured convertible note.
Subsequent to the fiscal year-end, the company amended its credit facility with BitGo Prime, LLC, reducing the interest rate from 11.5% to 7.5% per year and lowering the required collateral. The company also issued approximately 2.5 million shares of common stock under its at-the-market program for gross proceeds of approximately $2.5 million.
Upexi has scheduled a conference call for today, September 17, 2026, at 5:30 p.m. E.T., to discuss these results.
