Education
About Us
Working with TipRanks
Follow Us
Upexi (UPXI)
NASDAQ:UPXI
Top Page
Upexi
(NASDAQ:UPXI)
Select Model
Select Model
Rating:45Neutral
Price Target:
$2.00
▼(-10.31% Downside)
Overall score is weighed down primarily by weak financial performance (steep historical revenue decline, deeply negative margins, and negative operating/free cash flow) and a bearish technical setup (below all major moving averages with negative MACD). The earnings call provides a meaningful offset due to improved recent results and strong funding tied to the Solana strategy, but the valuation remains hard to justify with a negative P/E and no dividend support.
Positive Factors
Strategic Pivot to Digital Assets
Upexi's focus on Solana digital assets positions it to capitalize on blockchain technology's potential, enhancing long-term growth prospects.
Successful Capital Raises
Significant capital raises provide Upexi with the financial resources to expand its digital asset strategy and strengthen its market position.
Shelf Registration for Capital Access
The shelf registration offers Upexi flexibility in raising capital efficiently, supporting strategic initiatives and potential growth opportunities.
Negative Factors
Negative Profit Margins
Persistent negative profit margins indicate operational inefficiencies and challenge Upexi's ability to achieve sustainable profitability.
Declining Revenue
A sharp decline in revenue suggests challenges in maintaining market demand and could hinder long-term financial stability.
Volatility in Digital Assets
High volatility in digital assets poses risks to financial performance, potentially impacting Upexi's strategic outcomes and investor confidence.
Upexi (UPXI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$140.95M
Dividend YieldN/A
Average Volume (3M)3.75M
Price to Earnings (P/E)―
Beta (1Y)6.80
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees64
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.76
Shares Outstanding63,208,084
10 Day Avg. Volume4,084,361
30 Day Avg. Volume3,746,731
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 Cap3.52
Enterprise Value/Revenue23.98
Enterprise Value/Gross Profit30.59
Enterprise Value/Ebitda8.47
Forecast
1Y Price Target
$6.00Price Target Upside169.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.45
Revenue Forecast (FY)$12.30M
Upexi Business Overview & Revenue Model
Company DescriptionUpexi, Inc. manufacture and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc. and changed its name to Upexi, Inc. in August 2022. Upexi, Inc. was incorporated in 2018 and is headquartered in Clearwater, Florida.
How the Company Makes MoneyUpexi generates revenue through multiple streams, primarily by offering subscription-based software services that aid businesses in optimizing their online marketing efforts and operational efficiencies. Additionally, the company earns revenue from e-commerce sales of its proprietary products, leveraging its digital marketing expertise to drive traffic and conversion. Key partnerships with e-commerce platforms and logistics providers further enhance its revenue potential by expanding market reach and improving service delivery. The company also explores opportunities in affiliate marketing and strategic collaborations, contributing to its overall earnings.
Upexi Earnings Call Summary
Earnings Call Date:Nov 11, 2025
(Q1-2026)
| % Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Positive
The earnings call highlighted Upexi's successful strategic pivot to digital assets, significant capital raises, and strong revenue growth. However, concerns about the volatility of digital assets and potential market discounts were also addressed. Overall, the sentiment leans positive due to the company's achievements and strategic positioning.Q1-2026 Updates
Positive Updates
Successful Capital Raises
Upexi completed a $100 million equity private placement in April and followed it up with a $200 million raise in July, including an innovative in-kind convertible note issuance.
Significant Growth in Digital Asset Revenue
The company generated over $6 million in digital asset revenue during fiscal Q1 2026, currently adding over $75,000 a day.
Increase in Solana Holdings
Upexi's Solana holdings increased by approximately 1,322,000 tokens during the quarter, reaching a total of 2.1 million SOL valued over $327 million.
Strong Earnings and Revenue Growth
Total revenue increased by $4.9 million to $9.2 million for the quarter, with a net income of $66.7 million and earnings per share of $1.21.
Strategic Advisory Committee
Upexi added high-profile crypto investors to the advisory committee, including Arthur Hayes, Jon Najarian, and SOL Big Brain.
Negative Updates
Volatility and Risk in Digital Assets
Management acknowledged the volatility of digital assets and the need to focus on growing Solana tokens held in a way that maximizes shareholder return.
Potential Market Discount Concerns
Discussion around the potential for Upexi to trade at a discount and strategies to address such scenarios, including the possibility of share buybacks.
Company Guidance
During the Upexi Fiscal First Quarter 2026 Financial Results Conference Call, the company provided detailed guidance on its strategic pivot towards digital assets, particularly focusing on Solana. Upexi reported a significant increase in total revenue to $9.2 million, primarily driven by $6 million in digital asset revenue, with a current addition of over $75,000 per day. The company successfully raised $100 million in equity private placement in April and a $200 million in-kind convertible note issuance in July, deploying the funds into Solana assets. Upexi currently owns 2.1 million SOL valued over $327 million. The financial results included a net income of $66.7 million and earnings per share of $1.21, largely influenced by the performance of its Solana treasury, which generated approximately $7.1 million and 37,742 Solana tokens since inception. The company emphasized its strategic focus on Solana due to its potential to revolutionize global finance and its robust ecosystem, with a commitment to continue raising capital and enhancing shareholder value through innovative financial strategies.Upexi Financial Statement Overview
Summary
Upexi's financial performance is weak, with significant challenges in profitability and cash flow. The income statement shows declining revenues and substantial losses, while the balance sheet and cash flow statements highlight ongoing liquidity and profitability concerns.Income Statement
Upexi's income statement reveals significant challenges with profitability. The company has experienced declining revenue growth, with a notable decrease of 171.66% in the latest year. Gross profit margins have been relatively strong at 68.74%, but net profit margins are deeply negative at -86.55%, indicating substantial losses. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.Balance Sheet
The balance sheet shows a moderate debt-to-equity ratio of 0.29, suggesting manageable leverage. However, the return on equity is negative at -15.19%, indicating that the company is not generating returns for shareholders. The equity ratio stands at 72.77%, which is a positive sign of financial stability, but overall performance is hindered by poor profitability.Cash Flow
Cash flow analysis indicates a challenging situation with negative operating cash flow and free cash flow. The free cash flow growth rate is positive at 58.20%, but this is from a negative base. The operating cash flow to net income ratio is negative, highlighting cash flow issues relative to reported losses. The free cash flow to net income ratio is 1.0, suggesting that cash flow aligns with net losses.| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.69M | 15.81M | 26.00M | 36.44M | 23.07M | 24.10M |
| Gross Profit | 16.22M | 10.87M | 12.82M | 21.02M | 14.87M | 11.90M |
| EBITDA | 58.56M | -12.12M | -9.72M | -5.05M | -3.76M | 2.46M |
| Net Income | 54.69M | -13.68M | -23.66M | -16.93M | -2.10M | 2.98M |
Balance Sheet | ||||||
| Total Assets | 15.07M | 123.81M | 23.51M | 63.80M | 48.49M | 27.25M |
| Cash, Cash Equivalents and Short-Term Investments | 230.39K | 2.98M | 661.41K | 4.49M | 7.15M | 14.53M |
| Total Debt | 9.36M | 27.78M | 13.45M | 26.34M | 15.45M | 864.06K |
| Total Liabilities | 13.22M | 33.71M | 17.00M | 35.96M | 19.70M | 6.04M |
| Stockholders Equity | 1.85M | 90.10M | 6.52M | 28.34M | 28.73M | 21.22M |
Cash Flow | ||||||
| Free Cash Flow | -24.09M | -8.81M | -1.03M | -734.89K | -5.63M | 1.52M |
| Operating Cash Flow | -23.86M | -8.42M | -101.38K | 202.68K | 521.87K | 2.94M |
| Investing Cash Flow | -135.48M | -99.29M | -3.38M | -2.57M | -11.61M | -1.28M |
| Financing Cash Flow | 159.78M | 110.03M | -353.79K | -285.33K | 3.70M | 11.99M |
Upexi Technical Analysis
Neutral
2.23
Price Trends
2.72
Negative
4.54
Negative
5.95
Negative
Market Momentum
-0.20
Negative
47.79
Neutral
72.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UPXI, the sentiment is Neutral. The current price of 2.23 is above the 20-day moving average (MA) of 2.04, below the 50-day MA of 2.72, and below the 200-day MA of 5.95, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 72.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
52 Neutral | $67.76M | -7.52 | ― | ― | 105.31% | 95.66% | |
50 Neutral | $69.96M | -1.59 | -102.66% | ― | -37.41% | 60.58% | |
48 Neutral | $301.88M | 21.32 | 2.39% | ― | -23.61% | ― | |
47 Neutral | $195.08M | 1.55 | ― | ― | -10.90% | ― | |
46 Neutral | $105.24M | -0.30 | -51.54% | ― | -16.83% | -485.31% | |
45 Neutral | $140.95M | -0.63 | 50.68% | ― | ― | ― |
* Communication Services Sector Average
UPXI
Upexi
2.23
-1.43
-39.07%
AREN
The Arena Group
4.11
2.96
257.39%
SEAT
Vivid Seats
7.24
-79.76
-91.68%
CCG
Cheche Group
0.84
-0.06
-6.89%
BODI
Beachbody Company
9.87
3.67
59.19%
ZH
Zhihu
3.53
0.31
9.63%
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.