UPXI 8-K SEC Filing Analysis

Latest settled — T+5d

UPXI ▼ -7.89% at T+5d

SHORT call ✓ call won +7.89% · α vs SPY +7.18% · entry $1.52 → $1.40

Next anchor: T+20d due 4d ago

Last close $0.9100 (close Jun 12) · +40.13% from $1.52 entry (call sign-flipped)

Entry anchored
May 13, 2026
via day open

T+1d

-4.61%

call +4.61% · α +3.38%

$1.45

settled 5w ago

T+5d

-7.89%

call +7.89% · α +7.18%

$1.40

settled 26d ago

T+20d

—

call — · α —

—

due 4d ago

T+60d

—

call — · α —

—

in 8w

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Executive Summary

Upexi reported fiscal Q3 2026 revenue of $4.6M, above the $3.2M prior-year quarter, but a net loss of $109.3M driven by $92.3M in unrealized digital asset losses. EPS of -$1.67 missed the consensus estimate of -$0.20 by a wide margin. The company continues to accumulate Solana tokens and reduce costs, but the massive non-cash losses and shareholder dilution remain key concerns.

Key Financial Metrics

Gross Margin

95.5%

Actionable Insight

The massive EPS miss and negative equity position signal severe financial distress. Monitor the upcoming 10-Q for cash burn rate and any debt covenant triggers. The company's pivot to a Solana treasury strategy makes UPXI a high-beta proxy on SOL price — any SOL downturn could accelerate the equity erosion.

Key Facts

Total revenue $4.6M vs $3.2M YoY, driven by $3.5M digital asset revenue
Net loss $109.3M vs $3.8M YoY, primarily from $92.3M unrealized digital asset losses
GAAP EPS -$1.67 vs consensus -$0.20 (miss by 735%)
Consumer brands revenue collapsed 67% YoY to $1.05M from $3.16M
Solana tokens held increased 9% during the quarter; 2.89M shares repurchased YTD
Convertible notes payable ballooned to $181M from $0 at June 30, 2025
Stockholders' equity turned negative at -$51.9M vs +$90.1M at June 30, 2025
Cash increased to $3.5M from $3.0M at June 30, 2025; short-term treasury debt reduced by $5.4M

Financial Impact

Net loss of $109.3M, EPS miss of $1.47 vs consensus; consumer brands revenue down 67% YoY

revenueepsnet incomedigital asset valuesshareholder equityconvertible debt

Risk Factors

Negative stockholders' equity of -$51.9M raises going concern risk
Convertible notes payable of $181M create massive dilution overhang
Consumer brands revenue collapsing 67% YoY shows core business deterioration
Unrealized digital asset losses ($92.3M) make earnings highly volatile and dependent on SOL price

Market Snapshot

Exchange

Nasdaq

Sector

Finance Services

Analyst Consensus

88% bullish (8 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001477932-26-003058
Document: upxi_8k.htm	0001477932-26-003058
Document: 0001477932-26-003058-index-headers.html	0001477932-26-003058
Document: 0001477932-26-003058-index.html	0001477932-26-003058
Document: 0001477932-26-003058.txt	0001477932-26-003058
8-K Data (Synthetic)	0001477932-26-003058

4 reports for UPXI

T+1T+5T+20T+60

Filters

Reports for UPXI — sortable, filterable
	Type				Now
Jun 11, 2026 3d ago	Institutional Cluster BULLISH ★ 5/10	$0.8483 awaiting T+5	awaiting T+5	—	$0.9100 (+7.27%)
May 13, 2026 4w ago	8-K BEARISH ★ 7/10	$1.52 $1.40	▲ +7.89%	▲ +7.18%	$0.9100 (+40.13%)
May 5, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$1.40 $1.35	▼ −3.57%	▼ −4.70%	$0.9100 (−35.00%)
Mar 5, 2026 14w ago	8-K NEUTRAL ★ 3/10	$0.9000 $1.11	▲ +23.33%	▲ +24.86%	$0.9100 (+1.11%)

US Market Status

Market Closed — Opens in 4h 44m

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