Gross Profit Increased 126% YoY to $6.7 Million for the Quarter
Conference Call Scheduled for Today, February 10, 2026, at 5:30 p.m. Eastern Time
TAMPA, Fla., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a leading Solana-focused digital asset treasury company and consumer brands owner, today announced its financial results for the fiscal second quarter ended December 31, 2025.
"Our conviction in the long-term opportunity for Solana and our strategy remains stronger than ever despite the challenging market environment over the last several months - dynamics which we view as cyclical, not structural," said Allan Marshall, Chief Executive Officer of Upexi. "During the quarter, we continued to drive our business forward by delivering $5.1 million of digital asset revenue, raising approximately $10 million from a private placement, and implementing a $50 million share repurchase program. We remain encouraged by the increased development, usage and adoption of Solana across the financial landscape and have continued to grow our Solana holdings on a per-share basis. We believe we are well-positioned with a scalable model designed to drive sustainable growth, cash flow, and value creation over time for our shareholders."
Financial Highlights for the Quarter Ended December 31, 2025
Total revenue for the quarter was approximately $8.1 million, compared to $4.0 million for the same quarter ended December 31, 2024.
Revenue from operations from the consumer brands business totaled $2.9 million.
Digital asset revenue, which primarily consists of staking income, totaled $5.1 million.
Gross profit totaled $6.7 million, up 126% year-over-year, due mainly to the addition of the digital asset treasury business.
Net loss totaled $178.9 million, or $2.94 per share, compared to a net loss of $1.3 million, or $(1.24) per share, for the quarter ended December 31, 2024. This net loss was largely driven by $164.5 million of unrealized losses on digital assets, reflecting non-cash quarter-end fair value adjustments, as well as $8.3 million of stock-based compensation expense.
Cash and cash equivalents were $1.6 million as of December 31, 2025.
As of February 9, 2026, the Company had 69,760,581 shares of common stock outstanding.
Operational and Other Highlights Subsequent to the Quarter
Announced forthcoming strategic shift to a high-return treasury strategy.
Previously-filed shelf registration statement on Form S-3 went effective.
Announced the pricing of a $36 million private placement convertible note in exchange for locked Solana.
Announced the pricing of a $7.4 million registered direct offering.
Current cash on hand stands at approximately $9.7 million.
The Company's Quarterly Report on Form 10-Q for this period is available on the SEC's website and on Upexi's IR website.
Conference Call Information
Event:
Fiscal Second Quarter 2026 Earnings Call
Date:
Tuesday, February 10, 2026
Time:
5:30 p.m. ET
Live Call:
1-877-407-9716 (U.S. Toll-Free) or 1-201-493-6779 (International)
Webcast
https://ir.upexi.com/news-events/ir-calendar
For interested individuals unable to join the conference call, a dial-in replay of the call will be available until February 24, 2026, and can be accessed by dialing 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International) and entering replay pin number: 13758450.
About Upexi, Inc.Upexi, Inc. (NASDAQ:UPXI) is a leading digital asset treasury company, where it aims to acquire and hold as much Solana (SOL) as possible in a disciplined and accretive fashion. In addition to benefiting from the potential price appreciation of Solana - the cryptocurrency of the leading high-performance blockchain - Upexi utilizes three key value accrual mechanisms in intelligent capital issuance, staking, and discounted locked token purchases. The Company operates in a risk-prudent fashion to position itself for any market environment and to appeal to investors of all kinds, and it currently holds over two million SOL. Upexi also continues to be a brand owner specializing in the development, manufacturing, and distribution of consumer products. Please see www.upexi.com for more information.
Follow Upexi on X - https://x.com/upexitreasury Follow CEO, Allan Marshall, on X - https://x.com/upexiallan Follow CSO, Brian Rudick, on X - https://x.com/thetinyant
Forward-Looking StatementsThis news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company ContactBrian Rudick, Chief Strategy OfficerEmail: [email protected]Phone: (203) 442-5391
Investor Relations ContactKCSA Strategic CommunicationsValter Pinto or Jack Perkins[email protected]
Media Relations InquiriesGreg or Katie
UPEXI, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
December 31,
June 30,
2025
2025
(Unaudited)
ASSETS
Current assets
Cash
$
1,616,765
$
2,975,150
Accounts receivable, net
594,552
157,515
Inventory, net
728,273
1,152,870
Due from VitaMedica transition
304,880
228,017
Prepaid expenses and other receivables
1,302,064
350,836
Current digital assets at fair value
164,703,917
49,913,655
Purchase price receivable - VitaMedica
2,000,000
2,000,000
Total current assets
171,250,451
56,778,043
Property and equipment, net
543,246
2,052,573
Intangible assets, net
874,733
163,113
Goodwill
673,854
848,854
Deferred tax asset
5,948,858
5,948,858
Digital assets at fair value, net of current
90,998,464
56,083,525
Other assets
218,710
192,123
Right-of-use asset, net
636,449
1,739,755
Total other assets
99,894,314
67,028,801
Total assets
$
271,144,765
$
123,806,844
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable
$
665,840
$
1,039,370
Accrued compensation
3,111,115
3,470,296
Deferred revenue
47,287
13,155
Accrued liabilities
1,964,281
356,064
Accrued interest
2,902,942
792,449
Acquisition payable
260,652
260,652
Current portion of promissory notes
560,000
560,000
Short-term treasury debt
62,695,723
20,000,000
Current portion of Cygnet subsidiary notes payable
5,380,910
5,380,910
Current portion of operating lease payable
263,672
691,010
Total current liabilities
77,852,422
