Upexi
Develops and distributes consumer brands while operating a Solana-focused digital-asset treasury and staking operation.
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Profile
Develops, manufactures, and distributes consumer products through direct-to-consumer, wholesale, and third-party platforms, including Amazon. The business couples brand ownership and logistics services with a Solana-focused digital-asset treasury that acquires, holds, deploys, and stakes SOL.
Develops, manufactures, and distributes company-owned consumer brands. Products reach customers through a direct-to-consumer network, wholesale partnerships, and third-party platforms such as Amazon. The operating model ties brand ownership to manufacturing and a distribution network.
Warehousing, storage, consolidation, assembly, Amazon preparation, distribution, and fulfilment support the brands and manufacturing operation. Current brand-by-brand revenue shares are not separately reported in the reviewed filings.
Alongside the consumer-products business, operates a digital-asset treasury primarily focused on Solana tokens. Related activity includes acquiring, holding, deploying, and staking SOL; Blueprint stakes a portion of its SOL. This treasury policy sits alongside its consumer-products operation.
Company facts
Categories
Key statistics
Year to date −43.7% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Feb 11, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $6 | $2 |
| Jan 13, 2026 | Industrial Alliance Securities | Target | $8 | ||
| Nov 14, 2025 | Cantor Fitzgerald | Reiterate | Overweight | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 12, 2026Q3 FY26 | −$0.20 | −$0.26 | −30.0% | $2.9M | $4.6M | +57.1% | +2.96% |
| Feb 10, 2026Q2 FY26 | −$0.08 | −$1.24 | −1,553.3% | $6.7M | $2.9M | −56.4% | −16.30% |
| Nov 11, 2025Q1 FY26 | −$0.08 | −$0.12 | −60.0% | $9.4M | $9.2M | −1.9% | +5.30% |
| May 16, 2025Q3 FY25 | −$1.60 | −$2.87 | −79.4% | $18.1M | $3.2M | −82.5% | −5.40% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.0M | $3.2M | $4.3M | $9.2M | $8.1M | $4.6M | |
| Gross profit | $3.0M | $1.6M | $3.4M | $8.3M | $6.6M | $4.2M | |
| Operating income | −$1.1M | −$3.6M | −$6.5M | $69.2M | −$9.1M | −$5.8M | |
| Net income | −$1.3M | −$3.8M | −$6.9M | $66.7M | −$178.9M | −$109.3M | |
| Diluted EPS | −$1.24 | −$2.87 | −$0.25 | $0.75 | −$2.94 | −$1.67 | |
| Gross margin | 74.3% | 49.3% | 79.4% | 89.6% | 81.4% | 93.1% | |
| Operating margin | -26.8% | -113.5% | -151.7% | 748.5% | -113.1% | -127.7% |
Fiscal years (4-quarter sums)FY21 $24.1M · FY22 $28.5M · FY23 $77.7M · FY24 −$12.6M · FY25 $15.8M
Balance sheet, Mar 31, 2026Cash & short-term investments $118.4M · Total debt $242.8M · Total assets $200.4M · Shareholders' equity −$51.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 73.45M · Float 60.44M · 82.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Polar Asset Management Partners Inc. | 9.63M | 9.99% | 13G | May 15, 2026 |
| Hivemind Capital Partners, LLC | 6.84M | 9.99% | 13G | Aug 14, 2026 |
| Allan Marshall · director, officer: Chief Executive Officer | 6.05M | 8.23% | Form 4 | Jul 20, 2026 |
| Vanguard Capital Management | 3.73M | 5.34% | 13G | Apr 30, 2026 |
| Marex Securities Products Inc. | 3.30M | 5.20% | 13G | Jan 8, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 23, 2025 | Allan Marshall | director, officer: Chief Executive Officer | +50,000 | $1.80 |
| Dec 15, 2025 | Allan Marshall | director, officer: Chief Executive Officer | +100,000 | $2.07 |
| Dec 16, 2025 | Allan Marshall | director, officer: Chief Executive Officer | +50,000 | $2.07 |
| Nov 20, 2025 | Gene Salkind | director | +50,000 | $2.55 |
| Nov 17, 2025 | Gene Salkind | director | +200,000 | $2.73 |
Peers
- Forward Industries
Largest public SOL treasury and active staking/DeFi operator
- DeFi Development
SOL treasury, validator operation, and onchain-yield peer
- Solana Company
Pure-play public SOL treasury focused on SOL per share
- SkyAI
SOL-treasury peer now extending treasury use into agentic finance
- SOL Strategies
Solana validator, liquid-staking, and institutional-staking operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Upexi | $1.07 | −0.52% | $79.3M | — | — | 3.0 | +44.2% |
| Forward Industries | $5.99 | +1.87% | $434.4M | — | 35.6 | 8.2 | +332.1% |
| DeFi Development | $4.91 | −1.21% | $150.0M | — | — | 9.9 | +66.9% |
| Solana Company | $2.30 | −1.27% | $136.6M | — | — | 11.3 | +5,774.4% |
| SkyAI | $1.42 | +0.04% | $60.1M | — | — | 24.1 | — |
| SOL Strategies | $1.28 | +4.07% | $31.4M | — | — | — | — |
| Median | — | 35.6 | 10.6 | +332.1% |