Upexi reports $15.8 million revenue, expands Solana holdings

TAMPA - Upexi, Inc. (NASDAQ:UPXI), currently valued at $353.3 million, reported $15.8 million in revenue for the fiscal year ended June 30, 2025, with a gross profit of $10.7 million representing a 67% margin, according to a company press release. InvestingPro data shows the company maintains impressive gross profit margins, though it currently trades above its Fair Value.

The consumer products brand owner, which has diversified into cryptocurrency, posted a net loss of approximately $13.7 million for the fiscal year. The stock has shown strong momentum with a 75.49% year-to-date return, despite its negative earnings profile.

Since the fiscal year end, Upexi has significantly expanded its Solana cryptocurrency holdings. As of September 10, the company held 2,018,419 SOL tokens, a 174% increase from the 735,692 SOL held on June 30.

The company’s net asset value reached $433 million based on a SOL price of $214.76 as of September 23, up 281% from $114 million on June 30 when SOL was priced at $154.74.

"Since year-end, we have been pleased with the treasury’s tremendous growth, underscoring the strength of the asset we’re built upon and our ability to execute on a winning strategy," said Allan Marshall, Upexi CEO, in the statement.

The company reported an unrealized gain of $128 million on its SOL holdings, which cost an average of $151.44 per token. This represents a substantial increase from the $9 million unrealized gain reported on June 30.

Upexi is staking substantially all of its SOL tokens, earning approximately an 8% yield, which generates about $100,000 per day in revenue, according to the company.

As of September 10, there were 58,893,261 shares of Upexi common stock outstanding. The company’s adjusted SOL per share was 0.0197 or $4.23 as of September 23, up from 0.0136 or $2.10 on June 30. For deeper insights into Upexi’s cryptocurrency strategy and comprehensive financial analysis, including 12 additional ProTips and detailed valuation metrics, visit InvestingPro, where you’ll find expert research reports covering 1,400+ US stocks.

In other recent news, Upexi, Inc. announced that it has entered into an equity line agreement with A.G.P./Alliance Global Partners, allowing the company to sell up to $500 million of its common stock at its discretion. This agreement provides Upexi with additional capital flexibility, which it plans to use for general corporate purposes and to enhance its Solana cryptocurrency treasury strategy. Additionally, Upexi revealed it has acquired 83,000 Solana tokens for $16.7 million, increasing its holdings to 1.9 million SOL tokens. The acquisition is valued at approximately $381 million based on recent market prices.

Furthermore, Upexi’s shareholders approved an increase in the number of shares available under the company’s Incentive Plan from 10,000,000 to 25,000,000 shares. This decision was made during a special meeting where 66.62% of Upexi’s total outstanding shares were represented. In another development, Upexi amended its Securities Purchase Agreement to include a greenshoe option, allowing investors to purchase up to 25% additional shares of Upexi’s common stock. These recent developments highlight significant financial activities and strategic decisions by Upexi.

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