Upexi Inc.

Upexi reported a net loss of $246.1 million, or $3.87 per share, for fiscal year 2026, driven primarily by $195.1 million in unrealized losses and $11.7 million in realized losses on its digital assets. The company held approximately 2.34 million Solana tokens as of June 30, 2026, with a cost basis of approximately $360.3 million, or an average cost per token of $154, and about 95% of those tokens were staked. For the year, the treasury generated approximately $17.4 million in digital asset revenues, or roughly 135,000 Solana tokens, while cash stood at $5.8 million, up 65% from the prior quarter end, and total stockholders' equity was negative $53.8 million against positive equity of $90.1 million a year ago. Chief Executive Officer Allan Marshall said the company extinguished roughly $20 million in debt in June and subsequently refinanced its credit facility, cutting the interest rate from 11.5% to 7.5%, while reducing full-time employees from 59 a year ago to just 10 today. Upexi also repurchased approximately 2.9 million shares at an average weighted price of $0.96 per share for total consideration of approximately $2.8 million under its $50 million repurchase program, and after year-end issued approximately 2.5 million shares under its at-the-market program for gross proceeds of approximately $2.5 million.