GlobeNewswire·Nov 10, 2026, 5:04 PM ET

Upexi Reports Fiscal First Quarter 2027 Financial Results

UPXI

Upexi reported diluted earnings per share of $0.68 for the quarter ended September 30, 2026.
Total revenue for the quarter was approximately $3.5 million, a decrease from $9.2 million in the prior year period.
Digital asset revenue totaled $3.1 million, primarily from staking income, down from $6.1 million a year ago due to lower SOL prices.
Product revenue was $0.4 million, reflecting the company's exit from legacy consumer product manufacturing \& distribution operations.
Net income totaled $89.1 million, driven largely by $102.0 million in unrealized gains on digital assets.
General \& administrative expenses decreased 24% to $7.1 million compared to $9.3 million in the prior year quarter.
The Solana treasury held approximately 2.35 million SOL as of September 30, 2026, with an average cost of $154 per SOL.
Over 95% of the Solana holdings were staked as of September 30, 2026.
Cash on hand increased 11% to $6.4 million as of September 30, 2026.
Total stockholders' equity turned positive to $49.2 million as of September 30, 2026, compared to a deficit of $53.8 million in June 2026.
The company reduced its BitGo borrowing interest rate from 11.5% to 7.5%, expecting to lower annual interest expense by approximately $2.3 million.
Upexi issued approximately 8.8 million shares of common stock for $10.1 million in gross proceeds during the quarter.
The company purchased 30,100 SOL for $3.5 million \& sold 53,000 SOL for proceeds of $4.6 million during the quarter.
As of November 10, 2026, the company held approximately 2.36 million SOL \& had 88,855,392 shares of common stock outstanding.

Company: Upexi Inc
Keywords: Nasdaq:UPXI, Upexi Inc