Upexi Q3 net loss widens on digital asset losses; cuts jobs

Upexi

12/05/2026 21:43

Overview

Company posted $109.3 mln net loss, mainly from $92.3 mln unrealized digital asset losses

US Solana-focused digital asset treasury's fiscal Q3 revenue rose 45% yr/yr

Company reduced operational costs by cutting employee count to 10 and eliminating a warehouse lease

Outlook

Company estimates ongoing cash expenses will be less than staking revenue by July 1, 2026

Result Drivers

DIGITAL ASSET REVENUE - Digital asset revenue totaled $3.5 mln for the quarter, contributing to gross profit growth

UNREALIZED LOSSES - Net loss was largely driven by $92.3 mln of unrealized losses on digital assets, reflecting non-cash quarter-end fair value adjustments

COST REDUCTIONS - Co reduced operational costs by cutting employee count and eliminating a warehouse lease and other expenses

Company press release: ID:nGNX74mhz3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$4.60 mln
$8.08 mln (2 Analysts)
Q3 EPS
-$1.67
Q3 Net Loss
$109.30 mln
Q3 Gross Profit
$4.40 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 $5.00, about 240.1% above its May 11 closing price of $1.47

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.)