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Upexi
(NASDAQ:UPXI)
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Rating:42Neutral
Price Target:
$0.77
▼(-29.54% Downside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak financial performance (large losses, cash burn, negative equity and higher leverage). Technicals are also bearish with the stock below key moving averages, though oversold signals modestly temper the downside. Valuation is difficult to justify with a negative P/E and no dividend, while the earnings call provides some operational-improvement signals that are outweighed by the magnitude of recent losses and balance-sheet stress; Nasdaq bid-price non-compliance adds an extra risk overhang.
Positive Factors
Operating Cost Restructuring
The completed efficiency initiative materially reduces the fixed operating footprint and may improve cash breakeven if the savings appear as expected. Outsourcing and a smaller workforce also give management a leaner platform for allocating capital toward treasury and staking activities.
Negative Factors
Stressed Balance Sheet
Negative stockholders’ equity and sharply higher debt indicate a materially weakened capital structure. This reduces financial flexibility, increases dependence on financing and leaves the company less able to absorb adverse treasury outcomes or fund operations without additional capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cost Restructuring
The completed efficiency initiative materially reduces the fixed operating footprint and may improve cash breakeven if the savings appear as expected. Outsourcing and a smaller workforce also give management a leaner platform for allocating capital toward treasury and staking activities.
Read all positive factors
Upexi Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down Upexi's sales across regions to show where growth is coming from and where the company is most exposed. Helps investors gauge market diversification, vulnerability to currency or economic swings, and how much revenue depends on any single country or region — key for forecasting and risk assessment.
Breaks down Upexi's sales across regions to show where growth is coming from and where the company is most exposed. Helps investors gauge market diversification, vulnerability to currency or economic swings, and how much revenue depends on any single country or region — key for forecasting and risk assessment.
Data provided by:
The Fly
The FlyUpexi (UPXI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$71.34M
Dividend YieldN/A
Average Volume (3M)3.52M
Price to Earnings (P/E)―
Beta (1Y)6.74
Revenue Growth58.10%
EPS Growth36.45%
CountryUS
Employees10
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-3.74
Shares Outstanding88,178,460
10 Day Avg. Volume1,930,581
30 Day Avg. Volume3,522,736
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.93
Price to Sales (P/S)1.99
P/FCF Ratio-2.38
Enterprise Value/Market Cap2.39
Enterprise Value/Revenue6.82
Enterprise Value/Gross Profit7.71
Enterprise Value/Ebitda-0.78
Forecast
1Y Price Target
$2.00Price Target Upside83.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.11
Revenue Forecast (FY)$37.90M
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:Sep 17, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call had a mixed tone. Management emphasized stronger liquidity, substantial debt reduction, lower refinancing costs, major expense cuts, staking coverage of ongoing cash expenses and continued institutional and network growth for Solana. However, these improvements were offset by a difficult crypto market, significant digital asset losses, a $246.1 million net loss, sharply higher expenses and negative stockholders' equity. Management remained optimistic about a future Solana bull market, but the current financial results support a balanced assessment.Positive Updates
Solana Treasury Strategy Reached One-Year Milestone
The quarter marked the one-year anniversary of Upexi's Solana treasury strategy. The company completed what it believes was the first large-scale equity raise for an altcoin treasury, raising $100 million, followed by a second highly accretive raise of $200 million in July 2025 that included what it believes was the first in-kind convertible note.
Negative Updates
Subdued Digital Asset Market and Lower Solana Trend
April, May and June were characterized by a subdued digital asset market environment, and Solana generally trended lower throughout the quarter. Management said the crypto market had not been what it hoped for.
Read all updates
Q4-2026 Updates
Positive
Negative
Solana Treasury Strategy Reached One-Year Milestone
The quarter marked the one-year anniversary of Upexi's Solana treasury strategy. The company completed what it believes was the first large-scale equity raise for an altcoin treasury, raising $100 million, followed by a second highly accretive raise of $200 million in July 2025 that included what it believes was the first in-kind convertible note.
Read all positive updates
Company Guidance
Management guided that the efficiency initiative, including outsourcing manufacturing, warehousing and logistics operations and reducing full-time employees from 59 a year ago to just 10 today, is expected to show up in the current quarter ending September 30, with staking revenue expected to more than cover ongoing cash expenses on a go-forward basis. Management also said it will continue to raise capital through the ATM in a way it thinks is accretive in the scenario where SOL goes back to both where it's been and maybe to a new high, and said it is looking forward into 2027, expects a significant bull market coming, and thinks it will be able to execute on those strategies.Upexi Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
14
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Sep 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.00M | 15.81M | 26.00M | 36.44M | 23.07M |
| Gross Profit | 21.91M | 10.87M | 12.82M | 21.02M | 14.87M |
| EBITDA | -31.45M | -12.12M | -9.72M | -5.05M | -3.45M |
| Net Income | -246.06M | -13.68M | -23.66M | -16.93M | -2.10M |
Balance Sheet | |||||
| Total Assets | 180.12M | 123.81M | 23.51M | 63.80M | 48.49M |
| Cash, Cash Equivalents and Short-Term Investments | 5.78M | 2.98M | 661.41K | 4.49M | 7.15M |
| Total Debt | 223.73M | 27.78M | 13.45M | 26.34M | 15.45M |
| Total Liabilities | 233.93M | 33.71M | 17.00M | 35.96M | 19.70M |
| Stockholders Equity | -53.81M | 90.10M | 6.52M | 28.34M | 28.73M |
Cash Flow | |||||
| Free Cash Flow | -20.96M | -8.81M | -1.03M | -734.89K | -5.63M |
| Operating Cash Flow | -20.96M | -8.42M | -101.38K | 202.68K | 521.87K |
| Investing Cash Flow | -30.62M | -99.29M | -3.38M | -2.57M | -11.61M |
| Financing Cash Flow | 54.38M | 110.03M | -353.79K | -285.33K | 3.70M |
Upexi Technical Analysis
Negative
1.09
Price Trends
1.05
Negative
0.95
Negative
1.10
Negative
Market Momentum
-0.08
Positive
32.28
Neutral
12.04
Positive
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 1.09 is above the 20-day moving average (MA) of 1.00, above the 50-day MA of 1.05, and below the 200-day MA of 1.10, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 32.28 is Neutral, neither overbought nor oversold. The STOCH value of 12.04 is Positive, 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% | |
58 Neutral | $29.21M | 2.28 | 39.07% | ― | -32.49% | ― | |
52 Neutral | $277.12M | -2.43 | -7.89% | ― | -13.39% | -331.94% | |
48 Neutral | $24.51M | -0.05 | 9301.18% | 1.68% | -25.24% | -83.32% | |
42 Neutral | $71.34M | -0.22 | -640.06% | ― | 58.10% | 36.45% | |
42 Neutral | $20.04M | -3.44 | -10.99% | 1.85% | ― | ― |
* Communication Services Sector Average
UPXI
Upexi
0.81
-3.82
-82.53%
SEAT
Vivid Seats
2.18
-10.80
-83.20%
CCG
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8.00
-29.10
-78.44%
BODI
Beachbody Company
4.01
-0.93
-18.83%
ZH
Zhihu
3.31
-1.00
-23.20%
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...
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.