Upexi, Inc. (UPXI) Earnings Call Transcripts

Upexi, Inc.'s Latest Earnings Call - Q3 FY2026

In the fiscal third quarter of 2026, Upexi, Inc. reported total revenue of $4.6 million, up from $3.2 million year-over-year, reflecting the growth of its digital asset treasury business. However, the company experienced a significant net loss of approximately $109 million, largely due to an unrealized loss on digital assets. Management signaled a proactive approach to navigating the challenging market environment, emphasizing cost management and strategic capital initiatives, while maintaining a focus on improving Solana holdings per share and generating yield from treasury operations.

Reported metrics

Guidance from management

Management expects ongoing cash expenses for operations and interest to be less than treasury staking revenue by July 1, 2026, as they continue to optimize their cost structure.

What management said

Yes. So during the quarter, the staking yield or the staking revenue was a little bit less than 35,000 tokens that we got. We had the 265,000 convertible debt that we did, and we also sold off 100,000 tokens during the quarter. So that we had a net of $187,000 increase of tokens. No, I was just going to say and for the staking yield, overall, the total rewards has been down a little bit, but it's just below 7% for t...

We would look at all like during the quarter, we repurchased shares because they're at 0.8 or even less of NAV. We had the excess cash. So yes, I mean any excess cash we have come in will go into building the treasury position that's sold per share, whether it be repurchasing shares or buying more sole.

What analysts pressed on

Analysts expressed concerns regarding the significant net loss and the impact of unrealized losses on digital assets. There were also questions about the sustainability of the current yield and the effectiveness of the cost management strategies in a volatile market environment.

Main topics on the call

• Revenue Growth — Upexi reported total revenue of $4.6 million for the quarter, a 43.8% increase from $3.2 million in the prior year quarter. Management noted, 'This increase reflects the addition of our digital asset treasury business in...
• Net Loss and Unrealized Losses — The company recorded a net loss of approximately $109 million, with $92.3 million attributed to unrealized losses on digital assets. This was a significant concern for analysts, as it reflects the volatility in the crypt...
• Cost Management Initiatives — Upexi is transitioning to outsourced operations for its brand business, which is expected to normalize expenses going forward. Management stated, 'We moved from in-house operations... to outsourced operation with third-p...
• Share Buybacks — The company repurchased approximately 2.5 million shares for about $2 million, or $0.80 per share, as part of its strategy to enhance shareholder value. Management emphasized that this 'increases our Solana per share.'

Read the full Upexi, Inc. transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 8 Upexi, Inc. earnings call transcripts on record, spanning October 2, 2023 to May 12, 2026. Based on this history, Upexi, Inc. reports semi-annually. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

UPXI

Exchange

NasdaqCM

Country

US

Sector

Consumer Staples

Industry

Personal Care Products

Calls on record

8

First call

October 2, 2023

Most recent

May 12, 2026

Reporting cadence

semi-annually