Upexi fiscal 2026 net loss widens, driven by unrealized losses on digital assets

By Reuters News


Overview

  • US Solana treasury and consumer brands owner's fiscal 2026 revenue rose yr/yr, driven by digital asset revenue

  • Net loss widened to $246.1 mln, mainly due to $195.1 mln unrealized losses on digital assets

  • Company repurchased 2.9 mln shares and retired $19.5 mln in secured convertible note debt


Outlook

  • Upexi expects staking revenue to exceed ongoing cash operating expenses beginning in the current quarter


Result Drivers

  • SOLANA TREASURY STRATEGY - Co said fiscal 2026 marked first full year of Solana treasury strategy, driving digital asset revenue

  • UNREALIZED LOSSES - Net loss widened mainly due to $195.1 mln unrealized losses on digital assets

  • EFFICIENCY INITIATIVE - Co completed efficiency initiative and expects staking revenue to exceed ongoing cash operating expenses beginning with current quarter


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

FY Net Loss

$246.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the personal products peer group is "buy"

  • Wall Street's median 12-month price target for Upexi, Inc is $4.65, about 342.9% above its September 16 closing price of $1.05


Reuters Recommended Reads

  • Sept 15 - Investors nervous about AI spending slowdown after industry warnings


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