Upexi Q1 Revenue Doubles, Net Income Hits $66.7 Million

Tech

Upexi Q1 Revenue Doubles, Net Income Hits $66.7 Million

Upexi, Inc. (NASDAQ: UPXI) reported record earnings for the fiscal first quarter ended September 30, 2025, highlighting a shift toward blockchain-based income. The companys Solana-focused digital asset treasury delivered exceptional returns, driving overall profitability to its highest level in history. Total revenue rose to $9.2 million from $4.4 million in the same period last year, with digital asset income contributing $6.1 million.

Solana Treasury Strategy Boosts Profitability

Gross profit reached $8.3 million, marking a 183% increase year-over-year, fueled by staking income from . Net income surged to $66.7 million, reversing a $1.6 million loss a year earlier.

Upexi attributed this sharp rise to an unrealized $78 million gain from its Solana treasury. As of September 30, 2025, the companys cash position stood at $2.2 million, while 59.9 million shares were outstanding as of November 12.

Allan Marshall, Upexis Chief Executive Officer, said, “Early in 2025, we enhanced our cash management and treasury strategy to include holding the cryptocurrency Solana directly on our balance sheet. Today, substantially all our Solana is generating a meaningful yield, effectively turning our treasury into a productive, revenue-generating asset.”

Expanding Financial Capacity and Partnerships

Besides the record financial results, made significant corporate moves during the quarter. The company secured a $200 million private placement of common stock and convertible notes, alongside a $500 million equity line agreement with A.G.P. These transactions are intended to strengthen liquidity and accelerate its Solana treasury expansion.

Moreover, Upexi established an advisory committee that includes prominent market figures Arthur Hayes, S◎L Big Brain, and Jon Najarian. The company also engaged with investors through major conferences such as FT Partners FinTech Conference and Cantor Crypto & AI/Energy Infrastructure Conference.

Stock Performance Shows Renewed Momentum

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Despite the strong earnings, Upexis stock fell 4.18% to close at $3.21 as of press time. However, pre-market data showed renewed optimism, with prices rising 8.10% to $3.47. Over the past month, the stock dropped more than 50%, but the recent uptick suggests that short-term investors are re-entering after an extended selloff.