Quarterly ResultMay 12, 2026, 04:48 PM
Upexi Reports Q3 Net Loss of $109.3M; Equity Turns Negative
AI Summary
Upexi, Inc. reported a significant net loss of $109.3 million for the three months ended March 31, 2026, a substantial increase from $3.8 million in the prior year, primarily due to massive unrealized losses on digital assets. The company's total stockholders' equity turned negative, reaching $(51.9) million, down from $90.1 million. This quarter reflects the company's strategic shift to a Solana-focused digital asset treasury, which also led to substantial increases in digital asset holdings and convertible debt.
Key Highlights
- Net loss for Q3 2026 was $(109.3) million, up from $(3.8) million in Q3 2025.
- Net loss for nine months ended March 31, 2026, was $(221.5) million, up from $(6.8) million.
- Total stockholders' equity became negative at $(51.9) million as of March 31, 2026.
- Unrealized loss on digital assets for Q3 2026 was $92.3 million, significantly higher than Q3 2025.
- Total digital assets (current and non-current) increased to $184.9 million.
- Convertible notes payable increased to $181.0 million as of March 31, 2026, from $0.
- The company recorded a $1.4 million impairment on assets from manufacturing shutdown.
- Net cash used in operating activities for nine months increased to $(17.2) million.
Price Impact
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