Upexi Reports Record Digital Asset Revenue for Fiscal First Quarter 2026

Core Insights - Upexi, Inc. reported record digital asset revenue of approximately $6.1 million for the fiscal first quarter ended September 30, 2025, with gross profit totaling $8.3 million, reflecting a 183% year-over-year increase [1][3][7] - The company achieved a net income of $66.7 million, a significant turnaround from a net loss of $1.6 million in the same quarter of the previous year, primarily due to an unrealized gain of approximately $78 million on its Solana treasury [1][7][14] Financial Highlights - Total revenue for the quarter was $9.2 million, compared to $4.4 million for the quarter ended September 30, 2024 [7] - Revenue from operations in the consumer brands business amounted to $3.2 million [7] - Digital asset revenue, mainly from staking income, was $6.1 million [7] - Gross profit reached $8.3 million, up 183% year-over-year, largely driven by the increase in digital asset revenue [7] - Net income was $66.7 million, or $1.21 per share, compared to a net loss of $1.6 million, or ($1.55) per share, for the same quarter in 2024 [7][14] Operational Highlights - The company enhanced its cash management strategy by holding Solana directly on its balance sheet, which has been generating meaningful yield [3] - Upexi closed a $200 million concurrent private placement of common stock and convertible notes [8] - An equity line agreement worth $500 million was announced to accelerate the growth of the Solana treasury strategy [8] - The company established the Upexi Advisory Committee, adding notable members to enhance its strategic direction [8] Conference Call Information - A conference call is scheduled for November 11, 2025, at 5:30 p.m. Eastern Time to discuss the earnings report [1][6]