Upexi Reports Q4 2026 Earnings: Revenue Growth, Net Loss from Digital Assets
In its fiscal year ending June 30, 2026, Upexi (UPXI) reported total revenue of $25.0 million, up significantly from the prior year's $15.8 million. The increase was primarily driven by digital asset revenue amounting to $17.4 million, largely due to staking income on its Solana holdings. However, Upexi posted a net loss of $246.1 million for the period, mainly attributed to unrealized losses from its digital assets portfolio. The company held 2.34 million Solana tokens as of June 30, with an average cost per token of $154 and a total cost basis of approximately $360.3 million. Staking participation was at 95%, generating additional tokens through staking rewards during the year. Upexi also reduced its workforce from 59 to 49 employees as part of efficiency initiatives, while cash balances rose by 65% in Q2 and it retired $20 million in debt.
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Topics: cash_balance cost_basis debt_refinancing digital_assets employee_reduction net_loss revenue solana_holdings