UPXIUpexi

Crypto · Financial Services · Nasdaq

We are in the cryptocurrency industry and the management of cash assets through a cryptocurrency portfolio, primarily focused in Solana tokens and generating a yield from the treasury, primarily through staking of those tokens. 10-K, Item 1

Headquarters: Tampa, FL
CEO: Allan Marshall
Next results: around Nov 11, 2026

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RevenueFY2020–26 $25.0M+58.1% FY2025: $15.8M 10-K FY2026 · XBRL Net incomeFY2020–26 −$246.1M FY2025: −$13.7M 10-K FY2026 · XBRL Free cash flowFY2020–26 −$21.0M FY2025: −$8.8M 10-K FY2026 · XBRL Operating marginFY2020–26 -963.5%−884.4 pts -65.3% in FY2020 10-K FY2026 · XBRL

What changed

10-K filed Sep 17, 2026 against Sep 24, 2025

Area	What changed	Source
Risk factors	23 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Late filing notice (NT 10-K or NT 10-Q)	NT 10-Q filed 2025-05-16: the company said its 10-Q would be late (2 in 2 years)	10-K · XBRL
Critical audit matters changed	New this year: Convertible Debt Transactions (“As described in Note 10 to the consolidated financial statements, during the year ended June 30, 2026, the Company issued approximately $187.1 million of convertible notes. The notes were issued in exchange for Solana (“SOL”) digital assets, bear contractual interest at rates ranging from 1% to 2%, ”)	10-K · XBRL
Accounting checks	8 other checks clear, 2 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	1 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Sep 17, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-09-24. Quoted as filed.

Although we do not currently satisfy the stockholders' equity requirement of Rule 5550(b)(1), we believe we are in compliance with Nasdaq's continued listing requirements because we satisfy the alternative Market Value of Listed Securities Standard set forth in Rule 5550(b)(2), which requires a minimum market value of listed securities…
10-K, Item 1A

All 23 new paragraphs →

Accounting checks

latest 10-K

8 of 10 clear 2 worth a look. Checks, not verdicts.

!
Late filing notice (NT 10-K or NT 10-Q)NT 10-Q filed 2025-05-16: the company said its 10-Q would be late (2 in 2 years)
!
Critical audit matters changedNew this year: Convertible Debt Transactions (“As described in Note 10 to the consolidated financial statements, during the year ended June 30, 2026, the Company issued approximately $187.1 million of convertible notes. The notes were issued in exchange for Solana (“SOL”) digital assets, bear contractual interest at rates ranging from 1% to 2%, ”)
✓
Receivables -38.3% vs revenue +58.1% (-96.4 pts)
✓
Inventory -76.9% vs revenue +58.1% (-135.0 pts)
✓
Same auditor in both 10-Ks: GBQ Partners LLC
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 13, 20268-K Regulation FD disclosure 8-K item 7.01

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