Upexi FY27 first-quarter net income rises 34% to $89.12 million
UPXI•Upexi’s net income rose 34% year over year to $89.12 million, largely driven by $102 million in unrealized digital-asset gains. Revenue fell 62% to $3.48 million, and diluted earnings declined 11% to $0.68 per share.
1. Quarterly results
Upexi reported FY27 first-quarter net income of $89.12 million, up 34% year over year, largely driven by $102 million in unrealized digital-asset gains. Total revenue fell 62% to $3.48 million, while diluted earnings declined 11% to $0.68 per share. Digital asset revenue dropped 50% to $3.05 million, primarily due to lower SOL prices.
2. Solana holdings and financing
Upexi held approximately 2,350,000 SOL at September 30, 2026, with over 95% staked. Its BitGo borrowing rate fell to 7.5% from 11.5%, with annual interest savings expected to reach approximately $2.3 million.
