Every 10-Q that Upexi, Inc. (UPXI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UPXI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UPXI filings page.
Upexi, Inc. reported a nine‑month net loss of $221.5 million for the period ended March 31, 2026, compared with $6.8 million a year earlier. The loss is largely tied to its new Solana-focused digital asset strategy, which generated an unrealized loss on digital assets of $178.8 million, realized losses on sales and conversions of over $9.0 million, and stock-based compensation of $18.0 million. Total revenue rose to $21.8 million, including $14.7 million of digital asset (staking) revenue and $7.1 million from traditional products, but operating expenses reached $232.3 million. The company now holds approximately 2.36 million Solana tokens with a fair value of $184.9 million, financed in part by $181.0 million of convertible notes tied to Solana and $57.3 million of short‑term treasury debt. Stockholders’ equity turned negative to $(51.9 million), while cash was $3.5 million and operating activities used $17.2 million in cash.
Upexi, Inc. reported a sharp swing in results as it executed a new Solana-focused treasury strategy. For the quarter ended December 31, 2025, total revenue was $8.1 million, including $5.1 million of digital asset (staking) revenue.
The company recorded a net loss of $178.9 million, driven mainly by an unrealized loss on digital assets of $164.5 million, plus $8.3 million of stock-based compensation and a $1.4 million impairment tied to a manufacturing shutdown. Operating cash outflow was $12.5 million for the six months.
Upexi held Solana digital assets with a fair value of $255.7 million at December 31, 2025, up from $106.0 million at June 30, 2025, with about 95% staked. This position is financed in part by $150.0 million of 2% secured convertible notes and $62.7 million drawn on an 11.5% BitGo credit facility. Stockholders’ equity fell to $48.7 million from $90.1 million despite sizable equity raises and warrant exercises.
Upexi, Inc. (UPXI) reported a sharp swing to profitability for the quarter ended September 30, 2025, driven by its new Solana-focused treasury strategy. Total revenue was $9,239,745, including $6,083,617 of digital asset revenue from staking. The company recorded an unrealized gain on digital assets of $77,996,124, lifting income from operations to $69,155,275 and net income to $66,748,122. Basic EPS was $1.21 and diluted EPS was $0.76.
Digital assets dominated the balance sheet at fair value of $400,825,831, reflecting approximately 2,066,827 SOL tokens, split between 1,019,605 liquid and 1,047,222 locked, with locked tokens scheduled to unlock through June 30, 2028. Upexi purchased $210,748,910 of SOL during the quarter and ended with total assets of $419,728,167. The company added financing capacity with a $50,000,000 BitGo credit facility and issued $151,169,169 of 2% secured convertible notes due July 16, 2027, convertible at $4.25 per share. Operating cash flow was $(9,780,221), investing cash flow was $(30,344,568), and financing cash flow was $39,386,862, ending cash at $2,237,223.