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Upexi
(NASDAQ:UPXI)
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Rating:43Neutral
Price Target:
$0.78
▼(-2.25% Downside)
Action:Reiterated
Date:08/01/26
The score is held down primarily by weak financial fundamentals—heavy losses, cash burn, and a significantly weakened balance sheet with negative equity—alongside a clear downtrend in the share price versus key moving averages. Earnings-call commentary provides some offset via an articulated path toward cash-neutral treasury staking and active cost/debt actions, but large mark-to-market losses and listing-risk keep overall risk elevated.
Positive Factors
Sustained revenue growth and high gross margin
TTM revenue momentum and an exceptionally high gross margin indicate the company can scale its e-commerce and marketplace channels while preserving unit economics. Durable top-line growth increases optionality to invest in marketing, operations and yield strategies, supporting long-term operating leverage if margins persist.
Negative Factors
Large unrealized digital-asset markdowns
Massive mark-to-market losses materially erode GAAP equity and introduce persistent earnings volatility. These unrealized losses weaken balance-sheet metrics, can trigger covenant or investor confidence issues, and limit access to traditional financing, creating a structural headwind until asset valuations recover or are hedged.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth and high gross margin
TTM revenue momentum and an exceptionally high gross margin indicate the company can scale its e-commerce and marketplace channels while preserving unit economics. Durable top-line growth increases optionality to invest in marketing, operations and yield strategies, supporting long-term operating leverage if margins persist.
Read all positive factors
Upexi Key Performance Indicators (KPIs)
Upexi (UPXI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$58.83M
Dividend YieldN/A
Average Volume (3M)1.78M
Price to Earnings (P/E)―
Beta (1Y)6.36
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees59
SectorCommunication Services
Sector Strength97
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)-3.65
Shares Outstanding78,702,354
10 Day Avg. Volume978,360
30 Day Avg. Volume1,784,129
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.26
Price to Sales (P/S)1.49
P/FCF Ratio-2.68
Enterprise Value/Market Cap5.18
Enterprise Value/Revenue11.65
Enterprise Value/Gross Profit13.54
Enterprise Value/Ebitda-1.40
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.27
Revenue Forecast (FY)$3.90M
Upexi Business Overview & Revenue Model
Company Description
Upexi, Inc. engages in the development, manufacture, and distribution of consumer products. It offers nail grinder and healthy all-natural pet supplements under the LuckyTail brand; energy solutions under the PRAX brand; functional mushrooms under...
How the Company Makes Money
Upexi’s revenue is generated primarily from selling consumer products under its brand portfolio through e-commerce channels. Key revenue streams generally include: (1) Direct-to-consumer (DTC) online sales via brand websites, where Upexi captures ...
Upexi Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Negative
The call presented a mixed picture: clear operational progress and active capital-management steps (token accumulation, buybacks, issuances, expense reductions and a path toward cash-neutral staking revenue) were balanced against large mark-to-market losses, a substantial quarterly net loss driven by unrealized digital asset markdowns, a material intra-quarter NAV/price decline for Solana, modest cash on hand, and meaningful short-term interest expense. While management articulated credible actions to improve yield, reduce costs and position the company for recovery if token prices and valuations normalize, the magnitude of unrealized losses and the current market headwinds represent meaningful near-term risks.Positive Updates
Revenue Growth Year-over-Year and Quarter
Fiscal Q3 revenue was $4.6M versus $3.2M in the prior-year quarter, a ~44% increase. For the 9 months ended March 31, 2026, total revenue was $21.8M versus $11.5M prior year, an ~90% increase, reflecting the addition and growth of the digital asset treasury business.
Negative Updates
Large Unrealized Losses on Digital Assets
For the 9 months ended March 31, 2026, the treasury reported an unrealized loss on digital assets of approximately $178.8M. For the fiscal quarter the company recorded an unrealized loss of ~$92.3M, which was the primary driver of the reported net loss for the quarter.
Read all updates
Q3-2026 Updates
Positive
Negative
Revenue Growth Year-over-Year and Quarter
Fiscal Q3 revenue was $4.6M versus $3.2M in the prior-year quarter, a ~44% increase. For the 9 months ended March 31, 2026, total revenue was $21.8M versus $11.5M prior year, an ~90% increase, reflecting the addition and growth of the digital asset treasury business.
Read all positive updates
Company Guidance
Management guided that, assuming a continued native staking yield of about 6%–7% (currently just under 7%), ongoing cash expenses for operations and interest should be lower than treasury staking revenue by July 1; Q3 staking generated ~35,000 SOL (~$3.5M) and 9‑month digital asset revenue was ~$14.7M (~100,000 tokens), while Q3 total revenue was $4.6M (9‑month revenue $21.8M). To reach that milestone they’re cutting costs (outsourcing brand fulfillment, reducing G&A, headcount down to 10), refinancing or otherwise addressing ~$500k+/month of short‑term treasury interest and having already reduced short‑term debt by ~$7.6M (including ~$5.4M of treasury debt); direct treasury expenses were ~$8.6M for the 9 months. Capital actions include repurchasing ~2.5M common shares for ~$2M (~$0.80/sh), issuing a $36M in‑kind convertible note and ~ $7M equity + warrants; balance sheet as of March 31 included ~ $3.5M cash and ~2.5M SOL (≈1M locked), an unrealized treasury loss of ~$178.8M (SOL at $83.11 liquid / $71.47 locked) and a Q3 net loss of ~ $109M ($1.67/sh, ~$92.3M unrealized this quarter). They also plan to pilot ~$25M–$50M into higher‑yield, low‑risk strategies if returns exceed the staking/locked yields.Upexi Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Sep 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.14M | 15.81M | 26.00M | 36.44M | 23.07M | 24.10M |
| Gross Profit | 22.49M | 10.87M | 12.82M | 21.02M | 14.87M | 11.90M |
| EBITDA | -217.69M | -12.12M | -9.72M | -5.05M | -3.45M | 3.26M |
| Net Income | -228.45M | -13.68M | -23.66M | -16.93M | -2.10M | 2.98M |
Balance Sheet | ||||||
| Total Assets | 200.37M | 123.81M | 23.51M | 63.80M | 48.49M | 27.25M |
| Cash, Cash Equivalents and Short-Term Investments | 118.43M | 2.98M | 661.41K | 4.49M | 7.15M | 14.53M |
| Total Debt | 242.80M | 27.78M | 13.45M | 26.34M | 15.45M | 864.06K |
| Total Liabilities | 252.29M | 33.71M | 17.00M | 35.96M | 19.70M | 6.04M |
| Stockholders Equity | -51.92M | 90.10M | 6.52M | 28.34M | 28.73M | 21.22M |
Cash Flow | ||||||
| Free Cash Flow | -21.73M | -8.81M | -1.03M | -734.89K | -5.63M | 1.52M |
| Operating Cash Flow | -21.52M | -8.42M | -101.38K | 202.68K | 521.87K | 2.94M |
| Investing Cash Flow | -134.00M | -99.29M | -3.38M | -2.57M | -11.61M | -1.28M |
| Financing Cash Flow | 158.78M | 110.03M | -353.79K | -285.33K | 3.70M | 11.99M |
Upexi Technical Analysis
Negative
0.80
Price Trends
0.85
Negative
1.05
Negative
1.53
Negative
Market Momentum
-0.03
Positive
41.97
Neutral
29.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UPXI, the sentiment is Negative. The current price of 0.8 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.85, and below the 200-day MA of 1.53, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 41.97 is Neutral, neither overbought nor oversold. The STOCH value of 29.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UPXI.
Upexi Risk Analysis
Upexi disclosed 6 risk factors in its most recent earnings report. Upexi reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Upexi Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $51.21M | 3.99 | 39.07% | ― | -32.49% | ― | |
55 Neutral | $54.75M | 6.17 | -124.11% | ― | -31.39% | -92.48% | |
52 Neutral | $80.71M | -0.17 | 9301.18% | ― | -25.24% | -83.32% | |
49 Neutral | $203.36M | -2.73 | -4.86% | ― | -19.42% | -2894.74% | |
43 Neutral | $58.83M | -0.20 | -306.96% | ― | ― | ― | |
42 Neutral | $42.44M | -14.40 | -5.11% | ― | ― | ― |
* Communication Services Sector Average
UPXI
Upexi
0.75
-6.17
-89.21%
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Upexi Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Upexi Faces Nasdaq Non-Compliance on Minimum Bid Price
Negative
Jul 31, 2026
On July 30, 2026, Upexi, Inc. reported that it had received a notice from Nasdaq stating the company is not in compliance with the exchange’s minimum bid price rule, after its shares closed below $1.00 for 30 consecutive business days from J...
Business Operations and StrategyPrivate Placements and Financing
Upexi Engages Hivemind in New Equity-Funded Advisory
Positive
Jun 25, 2026
On June 22, 2026, Upexi entered into a three-year advisory services agreement with Hivemind Capital Partners, under which Hivemind will provide consulting on the company’s business, operations, and capital markets strategies while having no ...
Executive/Board ChangesShareholder Meetings
Upexi Shareholders Reelect Board and Ratify Auditor
Positive
Jun 16, 2026
On June 15, 2026, Upexi, Inc. held its 2026 Annual Meeting of Shareholders, at which stockholders voted on the election of directors and the appointment of the company’s independent auditor. All board nominees, including Allan Marshall, Andr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.