Upexi fiscal 2026 net loss widens, driven by unrealized losses on digital assets

Upexi

17/09/2026 21:40

Overview
US Solana treasury and consumer brands owner's fiscal 2026 revenue rose yr/yr, driven by digital asset revenue
Net loss widened to $246.1 mln, mainly due to $195.1 mln unrealized losses on digital assets
Company repurchased 2.9 mln shares and retired $19.5 mln in secured convertible note debt

Outlook
Upexi expects staking revenue to exceed ongoing cash operating expenses beginning in the current quarter

Result Drivers
SOLANA TREASURY STRATEGY - Co said fiscal 2026 marked first full year of Solana treasury strategy, driving digital asset revenue
UNREALIZED LOSSES - Net loss widened mainly due to $195.1 mln unrealized losses on digital assets
EFFICIENCY INITIATIVE - Co completed efficiency initiative and expects staking revenue to exceed ongoing cash operating expenses beginning with current quarter

Company press release: ID:nGNX6MXcLf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Loss
 
$246.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy"
Wall Street's median 12-month price target for Upexi, Inc is $4.65, about 342.9% above its September 16 closing price of $1.05

Reuters Recommended Reads
Sept 15 - Investors nervous about AI spending slowdown after industry warnings

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)