Upexi, Inc. (UPXI)
Upexi, Inc. reported revenue of $25M in fiscal 2026, up 58.1% from a year earlier. It posted a net loss of $246.1M. In fiscal 2026 capital spending exceeded operating cash flow by $21M. At June 30, 2026 it held $5.8M in cash against $19.5M of debt. Its latest periodic report to the SEC is the annual report (10-K) filed on September 17, 2026.
Key facts about Upexi, Inc.
- Net worth
- Upexi, Inc. has a market value (market cap) of $45.8M at the latest share price, and shareholders' equity of -$53.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $25M (+58.1% year on year), with a net loss of $246.1M.
- Cash flow
- In fiscal 2026 operations used $21M of cash.
- Latest report
- The latest periodic report (annual report, 10-K) was filed with the SEC on September 17, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Upexi, Inc.'s next report is expected around December 18, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Upexi, Inc. does
Upexi, Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker UPXI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $25M | -$246.1M | -$3.87 | -$21M |
| 2025 | $15.8M | -$13.7M | -$1.73 | -$8.8M |
| 2024 | $26M | -$23.7M | -$23.03 | -$1M |
| 2023 | $36.4M | -$17.5M | -$18.94 | -$734.9K |
| 2022 | $23.1M | -$2M | -$8.48 | -$5.6M |
| 2021 | $24.1M | $3M | $13.70 | $1.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where UPXI ranks in Finance
Latest SEC filings
What Upexi, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 29, 2026Preliminary proxy statement PRE 14A
- September 17, 2026
- September 17, 2026Annual report 10-K · period to June 30, 2026Revenue rose 58% to $25M versus the prior year; diluted EPS -$3.87 versus -$1.73.
- September 15, 2026
- September 14, 2026
- September 9, 2026Other event 8-K
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- July 31, 2026
- July 31, 2026Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Upexi, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 3, 2026 | Norstrud Andrew JamesChief Financial Officer, Director | Received as pay | 400,000 | - |
| July 3, 2026 | Marshall AllanChief Executive Officer, Director | Received as pay | 2,000,000 | - |
| July 3, 2026 | Rudick Brian BenjaminChief Strategy Officer | Received as pay | 400,000 | - |
| July 3, 2026 | Dugan LawrenceDirector | Received as pay | 100,000 | - |
| July 3, 2026 | Salkind GeneDirector | Received as pay | 100,000 | - |
| December 23, 2025 | Marshall AllanChief Executive Officer, Director | Bought | 50,000 | $90K |
| December 16, 2025 | Marshall AllanChief Executive Officer, Director | Bought | 50,000 | $103.5K |
| December 15, 2025 | Marshall AllanChief Executive Officer, Director | Bought | 100,000 | $207K |
Who owns UPXI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Hivemind Capital Partners, LLC13G, passive with 3 related filers | 9.99% | August 14, 2026 |
| MM Asset Management Inc.13G, passive with 1 related filers | 9.99% | February 13, 2026 |
| Polar Asset Management Partners Inc.13G, passive | 9.99% | May 15, 2026 |
| Marex Securities Products Inc.13G, passive with 1 related filers | 5.2% | January 8, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 48 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Arrington Capital Management, LLC | 2,760,107 | 0 |
| Vanguard Capital Management LLC | 2,409,720 | -972,882 |
| MMCAP International Inc. SPC | 2,326,777 | 0 |
| BlackRock, Inc. | 888,906 | +207,598 |
| Osaic Holdings, Inc. | 770,236 | -5,626 |
| Susquehanna International Group, Llp | 703,129 | +4,401 |
| Geode Capital Management, LLC | 582,895 | +44,378 |
| Vanguard Fiduciary Trust Co | 311,362 | -16,621 |
| Millennium Management LLC | 271,216 | -22,968 |
| UBS Group AG | 232,206 | -533,570 |
| XTX Topco Ltd | 229,653 | +110,199 |
| State Street Corp | 192,022 | 0 |
| Jane Street Group, LLC | 191,536 | +841 |
| J. Derek Lewis & Associates Inc. | 125,000 | +28,000 |
| Northern Trust Corp | 117,311 | +9,091 |
| Citadel Advisors LLC | 100,402 | new |
| Citigroup Inc | 79,135 | +79,130 |
| Engineers Gate Manager LP | 77,738 | +24,885 |
| Pinnacle Financial Partners, Inc. | 70,720 | 0 |
| Goldman Sachs Group Inc | 68,378 | +46,187 |
Insiders
5 insiders reported holding 9,087,885 shares in total, about $5.7M at the last price.
| Holder | Shares |
|---|---|
| Marshall AllanChief Executive Officer, Director | 6,046,261 |
| Rudick Brian BenjaminChief Strategy Officer | 1,238,597 |
| Norstrud Andrew JamesChief Financial Officer, Director | 1,049,138 |
| Salkind GeneDirector | 537,500218,750 held indirectly |
| Dugan LawrenceDirector | 216,389 |
Questions about UPXI
What does Upexi, Inc. do?
Upexi, Inc. is a company in the Finance sector, listed on NASDAQ as UPXI. Its shares trade on NASDAQ under the ticker UPXI.
What is Upexi, Inc.'s net worth?
Upexi, Inc. has a market value (market cap) of $45.8M at the latest share price, and shareholders' equity of -$53.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Upexi, Inc. profitable?
No. In fiscal 2026 it reported a net loss of $246.1M on revenue of $25M.
How much revenue does Upexi, Inc. make?
In fiscal 2026 Upexi, Inc. reported revenue of $25M. That is 58.1% more than a year earlier.
When did Upexi, Inc. last report?
Its most recent periodic report is the annual report (10-K) filed on September 17, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the preliminary proxy statement from September 29, 2026.
When is Upexi, Inc.'s next earnings report?
Upexi, Inc.'s next report is expected around December 18, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Upexi, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.