Upexi Reports Financial Results for Fiscal Year Ended June 30, 2026
EXHIBIT 99.1 Upexi Reports Financial Results for Fiscal Year Ended June 30, 2026
Conference Call Scheduled for Today, September 17, 2026, at 5:30 P.M. E.T. TAMPA, Fla., Sept. 17, 2026 --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 year ended June 30, 2026.
“Fiscal 2026 marked the first full year of our Solana treasury strategy, and in a subdued market for digital assets we focused on what we could control,” said Allan Marshall, Chief Executive Officer of Upexi. “We fortified the balance sheet by retiring debt, increasing our cash position, and, subsequent to year- end, cutting the interest rate on our credit facility. We also completed our efficiency initiative, and expect staking revenue to exceed ongoing cash operating expenses beginning with the current quarter. The market will inevitably turn, and our improved balance sheet and expense base position us well.”
· Total revenue for the fiscal year was approximately $25.0 million, compared to $15.8 million for the fiscal year ended June 30, 2025. · Digital asset revenue, which primarily consists of staking income, totaled $17.4 million. General and administrative expenses were $26.4 million, compared to $11.9 · million in the prior year, primarily reflecting the build-out of the treasury strategy. Net loss totaled $246.1 million, or $3.87 per share, compared to a net · loss of $13.7 million, or $1.73 per share, for fiscal 2025. The net loss was primarily driven by $195.1 million of unrealized losses on digital assets. · Cash totaled $5.8 million as of June 30, 2026, up approximately 94% from June 30, 2025. · As of September 15, 2026, the Company had 82,102,474 shares of common stock outstanding.
· Total SOL held of approximately 2.34 million, with an average purchase price of $154 per SOL. · Approximately 95% of SOL held was staked.
· Repurchased approximately 2.9 million shares of common stock. · Retired approximately $19.5 million on the Company’s secured convertible note. Subsequent to fiscal year-end, amended the Company’s credit facility with · BitGo Prime, LLC, reducing the interest rate from 11.5% to 7.5% per year and lowering the required collateral. Subsequent to fiscal year-end, issued approximately 2.5 million shares of · common stock under the Company’s at-the-market program for approximately $2.5 million of gross proceeds.
The Company’s Annual Report on Form 10-K for this period is available on the SEC’s website and on Upexi’s IR website.
For interested individuals unable to join the conference call, a dial-in replay of the call will be available until October 1, 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: 13762518.
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 for more information.
This 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.
Full text with the tables
EXHIBIT 99.1
Upexi Reports Financial Results for Fiscal Year Ended June 30, 2026
Digital Asset Revenue Totaled $17.4 Million for Fiscal Year 2026
Solana Treasury Totaled Approximately 2.34 Million SOL as of June 30, 2026
Conference Call Scheduled for Today, September 17, 2026, at 5:30 P.M. E.T.
TAMPA, Fla., Sept. 17, 2026 --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 year ended
June 30, 2026.
“Fiscal 2026 marked the first full year of our Solana treasury strategy, and in
a subdued market for digital assets we focused on what we could control,” said
Allan Marshall, Chief Executive Officer of Upexi. “We fortified the balance
sheet by retiring debt, increasing our cash position, and, subsequent to year-
end, cutting the interest rate on our credit facility. We also completed our
efficiency initiative, and expect staking revenue to exceed ongoing cash
operating expenses beginning with the current quarter. The market will
inevitably turn, and our improved balance sheet and expense base position us
well.”
Financial Highlights for the Fiscal Year Ended June 30, 2026
· Total revenue for the fiscal year was approximately $25.0 million,
compared to $15.8 million for the fiscal year ended June 30, 2025.
· Digital asset revenue, which primarily consists of staking income,
totaled $17.4 million.
General and administrative expenses were $26.4 million, compared to $11.9
· million in the prior year, primarily reflecting the build-out of the
treasury strategy.
Net loss totaled $246.1 million, or $3.87 per share, compared to a net
· loss of $13.7 million, or $1.73 per share, for fiscal 2025. The net loss
was primarily driven by $195.1 million of unrealized losses on digital
assets.
· Cash totaled $5.8 million as of June 30, 2026, up approximately 94% from
June 30, 2025.
· As of September 15, 2026, the Company had 82,102,474 shares of common
stock outstanding.
Solana Treasury as of June 30, 2026
· Total SOL held of approximately 2.34 million, with an average purchase
price of $154 per SOL.
· Approximately 95% of SOL held was staked.
Operational and Other Highlights During and Subsequent to the Fiscal Year
· Repurchased approximately 2.9 million shares of common stock.
· Retired approximately $19.5 million on the Company’s secured convertible
note.
Subsequent to fiscal year-end, amended the Company’s credit facility with
· BitGo Prime, LLC, reducing the interest rate from 11.5% to 7.5% per year
and lowering the required collateral.
Subsequent to fiscal year-end, issued approximately 2.5 million shares of
· common stock under the Company’s at-the-market program for approximately
$2.5 million of gross proceeds.
The Company’s Annual Report on Form 10-K for this period is available on the
SEC’s website and on Upexi’s IR website.
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Conference Call Information
Event: Upexi Fiscal Year 2026 Earnings Call
Date: Thursday, September 17, 2026
Time: 5:30 p.m. E.T.
Live Call: 1-877-407-9716 (U.S. Toll-Free) or 1-201-493-6779 (International)
Webcast:
For interested individuals unable to join the conference call, a dial-in replay
of the call will be available until October 1, 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: 13762518.
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 for more
information.
Follow Upexi on X -
Follow CEO, Allan Marshall, on X -
Follow CSO, Brian Rudick, on X -
Forward-Looking Statements
This 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 Contact
Brian Rudick, Chief Strategy Officer
Email: brian.rudick@upexi.com
Phone: (203) 442-5391
Investor Contact
KCSA Strategic Communications
Valter Pinto or Jack Perkins
Upexi@KCSA.com
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UPEXI, INC.
CONSOLIDATED BALANCE SHEETS
June 30, 2026 June 30, 2025
──────────────────────────────────────────────────────────────────────────────
ASSETS
Current assets
Cash $ 5,778,586 $ 2,975,150
Accounts receivable, net 97,244 157,515
Inventory, net 265,961 1,152,870
Due from VitaMedica transition 10,766 228,017
Prepaid expenses and other 988,542 350,836
assets
Current digital assets at fair 109,625,166 49,913,655
value
Purchase price receivable - - 2,000,000
VitaMedica
Total current assets 116,766,265 56,778,043
Property and equipment, net 208,044 2,052,573
Intangible assets, net 86,353 163,113
Goodwill 673,854 848,854
Deferred tax asset 5,948,858 5,948,858
Digital assets at fair value,
net of 55,675,516 56,083,525
current
Other assets 163,223 192,123
Right-of-use asset, net 598,678 1,739,755
Total noncurrent assets 63,354,526 67,028,801
Total assets $ 180,120,791 $ 123,806,844
LIABILITIES AND STOCKHOLDERS'
EQUITY
Current liabilities
Accounts payable $ 277,644 $ 1,039,370
Accrued compensation 5,277,309 3,470,296
Deferred revenue 4,519 13,155
Accrued liabilities 1,675,521 356,064
Accrued interest 2,349,162 792,449
Acquisition payable 260,652 260,652
Current portion of promissory - 560,000
notes
Short-term treasury debt 57,295,723 20,000,000
Current portion of Cygnet
subsidiary 3,694,721 5,380,910
notes payable
Current portion of operating
lease 295,167 691,010
payable
Total current liabilities 71,130,418 32,563,906
Operating lease payable, net
of current 362,235 1,145,440
portion
Convertible notes payable 162,442,056 -
Total long-term liabilities 162,804,291 1,145,440
Stockholders' equity
Preferred stock, $0.00001 par
value,
10,000,000 shares authorized, 2 2
and
150,000 shares issued and
outstanding
Common stock, $0.00001 par
value,
1,000,000,000 shares
authorized,
78,702,358 and 38,270,571 787 383
shares issued,
as of June 30, 2026 and June
30, 2025,
respectively
Additional paid in capital 252,793,813 150,640,935
Accumulated deficit (306,608,520 ) (60,543,822 )
Total stockholders' equity (53,813,918 ) 90,097,498
Total liabilities and
stockholders' $ 180,120,791 $ 123,806,844
equity
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UPEXI, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended June Year Ended June
30, 2026 30, 2025
──────────────────────────────────────────────────────────────────────────────
Revenue
Revenue $ 7,568,822 $ 14,826,336
Digital asset revenue 17,429,206 985,009
Total revenue 24,998,028 15,811,345
Cost of revenue 2,630,320 4,943,305
Gross profit 22,367,708 10,868,040
Operating expenses
Sales and marketing 2,898,473 4,001,094
Distribution costs 2,627,626 4,691,964
General and administrative 26,398,877 11,935,582
Unrealized loss (gain) on 195,059,336 (105,474 )
digital assets
Realized loss on digital
asset revenue 4,931,791 -
conversion to USD
Realized loss on sale of 6,773,418 -
digital assets
Stock-based compensation 21,895,814 2,356,862
Amortization of acquired
intangible 76,760 76,758
assets
Impairment on assets from
manufacturing 1,422,289 -
shut down
Impairment on acquired 750,000 -
intangible assets
Depreciation 379,489 681,000
Lease Impairment (gain on
settlement), - (269,994 )
Delray Beach facility
Total operating expenses 263,213,873 23,367,792
Loss from operations (240,846,165 ) (12,499,752 )
Other expense, net
Interest expense, net (13,561,210 ) (1,173,714 )
Gain on extinguishment of 10,288,342 -
debt
Other expense, net (1,945,665 ) (10,743 )
Other expense, net (5,218,533 ) (1,184,457 )
Loss on operations before (246,064,698 ) (13,684,209 )
income tax
Income tax benefit - -
(expense)
Net loss $ (246,064,698 ) $ (13,684,209 )
Basic and diluted loss per $ (3.87 ) $ (1.73 )
share
Basic and diluted weighted
average 63,539,613 7,914,268
shares outstanding
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