Upexi Posts $246.1 Million Fiscal 2026 Net Loss as Solana Treasury Drives $195.1 Million Unrealized Hit

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โดย GuruFocus·US·Read original
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Upexi Inc reported a net loss of $246.1 million, or $3.87 per share, for fiscal year 2026, compared with a net loss of $13.7 million in the prior year, driven primarily by $195.1 million in unrealized losses on its digital assets. The company held approximately 2.34 million Solana tokens as of June 30, 2026, with a cost basis of about $360.3 million, or an average cost of $154 per token, and about 95% of those tokens staked, generating roughly $17.4 million in digital asset revenues for the fiscal year. Stockholders' equity swung to negative $53.8 million from positive $90.1 million a year earlier, while general and administrative expenses rose to $26.4 million from $11.9 million and interest expense surged to $13.6 million from $1.2 million. On the balance sheet side, Upexi increased cash to $5.8 million as of June 30, 2026, up 65% from the prior quarter end, extinguished roughly $20 million in debt in June, and subsequently refinanced its credit facility, cutting the interest rate from 11.5% to 7.5% and lowering collateral requirements. The company also completed an efficiency initiative that outsourced manufacturing, warehousing, and logistics and reduced full-time employees from 59 to 10, and repurchased approximately 2.9 million shares at an average price of $0.96 per share for $2.8 million under its $50 million repurchase program.

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Upexi Inc.
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Upexi posted a $246.1M fiscal 2026 net loss driven by $195.1M unrealized losses on its Solana holdings, with stockholders' equity swinging to negative $53.8M.

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