UPXI on Nasdaq

UPEXI, INC.

We are in the cryptocurrency industry and the management of cash assets through a cryptocurrency portfolio, primarily focused in Solana tokens and generating a yield from the treasury, primarily.5 From its latest annual report

Price unavailable

Last updated Oct 19, 2026.

Overview

$17.4MRevenue, fiscal 20263
-$246.1MNet income, fiscal 20263

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  • TickerUPXI on Nasdaq2
  • IndustryFinance Services2
  • HeadquartersTampa, United States2
  • Incorporated inDE4
  • Business address3030 N. Rocky Point Drive, Suite 420, Tampa, Fl4
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formCorporation2
  • LEI529900DXT4FO60PCDE092
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o VCORP AGENT SERVICES, INC.,108 W. 13TH STREET SUITE 100, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 102442672

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We are in the cryptocurrency industry and the management of cash assets through a cryptocurrency portfolio, primarily focused in Solana tokens and generating a yield from the treasury, primarily through staking of those tokens. We continue to be brand owners, selling our products wholesale and direct to consumers. Distribution and fulfillment of our products is done by a third-party specializing in these services.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

128.3%Gross margin3
-1381.9%Operating margin3
-1411.8%Net margin3
1669.4%Revenue growth, 20263
-$21.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue15¢$2.6M
  • Other costs85¢$14.7M
  • Interest0¢$62.7K

Out of $17.4M in revenue.3 The company lost money this year.

Financial statements

Revenue6789103$17.4M in 2026+135% since 2020
0$10.0M$20.0M$30.0M$40.0M2020: $7.4M$7.4M20202021: $24.1M$24.1M2021+225%2022: $23.1M$23.1M2022−4%2023: $36.4M$36.4M2023+58%2024: $26.0M$26.0M2024−29%2025: $985.0K$985.0K2025−96%2026: $17.4M$17.4M2026+1669%
Gross profit6789103$22.4M in 2026+770% since 2020
0$10.0M$20.0M$30.0M2020: $2.6M$2.6M20202021: $11.9M$11.9M2021+363%2022: $14.9M$14.9M2022+25%2023: $21.0M$21.0M2023+41%2024: $12.8M$12.8M2024−39%2025: $10.9M$10.9M2025−15%2026: $22.4M$22.4M2026+106%
Operating income6789103-$240.8M in 2026+4878% since 2020
-$300.0M-$200.0M-$100.0M0$100.0M2020: -$4.8M-$4.8M20202021: $1.4M$1.4M20212022: -$6.5M-$6.5M20222023: -$12.3M-$12.3M2023+89%2024: -$22.5M-$22.5M2024+83%2025: -$12.5M-$12.5M2025−44%2026: -$240.8M-$240.8M2026+1827%
Net income6789103-$246.1M in 2026+4470% since 2020
-$300.0M-$200.0M-$100.0M0$100.0M2020: -$5.4M-$5.4M20202021: $3.0M$3.0M20212022: -$2.0M-$2.0M20222023: -$17.5M-$17.5M2023+755%2024: -$23.7M-$23.7M2024+35%2025: -$13.7M-$13.7M2025−42%2026: -$246.1M-$246.1M2026+1698%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2026-06-302025-06-30
Revenue$7.6M$14.8M
Digital asset revenue$17.4M$985.0K
Total revenue$25.0M$15.8M
Cost of revenue$2.6M$4.9M
Gross profit$22.4M$10.9M
Sales and marketing$2.9M$4.0M
Distribution costs$2.6M$4.7M
General and administrative$26.4M$11.9M
Unrealized loss (gain) on digital assets$195.1M-$105.5K
Realized loss on digital asset revenue conversion to USD$4.9M$0
Realized loss on sale of digital assets$6.8M$0
Stock-based compensation$21.9M$2.4M
Amortization of acquired intangible assets$76.8K$76.8K
Impairment on assets from manufacturing shut down$1.4M$0
Impairment on acquired intangible assets$750.0K$0
Depreciation$379.5K$681.0K
Lease Impairment (gain on settlement), Delray Beach facility$0-$270.0K
Total operating expenses$263.2M$23.4M
Loss from operations-$240.8M-$12.5M
Interest expense, net-$13.6M-$1.2M
Gain on extinguishment of debt$10.3M$0
Other expense, net-$1.9M-$10.7K
Other expense, net-$5.2M-$1.2M
Loss on operations before income tax-$246.1M-$13.7M
Income tax benefit (expense)$0$0
Net loss-$246.1M-$13.7M
Loss per share-$3.87-$1.73
Loss per share-$3.87-$1.73
Basic weighted average shares outstanding63.5M shares7.9M shares
Fully diluted weighted average shares outstanding63.5M shares7.9M shares

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Leadership

Who has led UPEXI, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Allan Marshall2021–now

President

  1. Robert Hackett2021

Chief financial officer

  1. Andrew James Norstrud2021–now
2025
Board members and other officers (8)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Financial OfficerAndrew Nordstrud named Apr 28, 202522
  • DirectorLAURENCE H. DUGAN named Jul 29, 202523

Former names

  • GROVE, INC.Apr 30, 2019 to Aug 16, 20224

Timeline

  1. Jun 30, 2025Founded UPEXI, INC. is founded2
  2. Jun 24, 2021New chief executive Allan Marshall becomes CEO13

Filings

348 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 167 major events, 39 insider forms, 28 large holders, 4 private raises, 88 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 13, 2026DEF 14A EDGAR
  3. Oct 7, 20268-K EDGAR
  4. Sep 29, 2026PRE 14A EDGAR
  5. Sep 17, 20268-K EDGAR
  6. Sep 17, 202610-K EDGAR
  7. Sep 15, 20268-K EDGAR
  8. Sep 14, 20268-K EDGAR
  9. Sep 9, 20268-K EDGAR
  10. Aug 14, 2026SCHEDULE 13G/A EDGAR
  11. Aug 14, 2026SCHEDULE 13G EDGAR
  12. Jul 31, 2026SCHEDULE 13G/A EDGAR
  13. Jul 31, 20268-K EDGAR
  14. Jul 24, 2026SCHEDULE 13G/A EDGAR
  15. Jul 20, 20264 EDGAR
  16. Jul 20, 20264 EDGAR
  17. Jul 20, 20264 EDGAR
  18. Jul 20, 20264 EDGAR
  19. Jul 20, 20264 EDGAR
  20. Jul 16, 2026EFFECT EDGAR

The 348 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

36 open-market trades by officers, directors and large owners since October 2021: 36 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 23, 2025MARSHALL ALLANChief Executive OfficerBuy50,000$1.80$90.0KForm 4
Dec 16, 2025MARSHALL ALLANChief Executive OfficerBuy50,000$2.07$103.5KForm 4
Dec 15, 2025MARSHALL ALLANChief Executive OfficerBuy100,000$2.07$207.0KForm 4
Nov 20, 2025Salkind GeneDirectorBuy50,000$2.55$127.5KForm 4
Nov 17, 2025Salkind GeneDirectorBuy200,000$2.73$546.0KForm 4
Jul 22, 2025Dugan LawrenceDirectorBuy4,000$7.50$30.0KForm 4
Jul 16, 2025Dugan LawrenceDirectorBuy11,000$5.69$62.6KForm 4
Jul 15, 2025Dugan LawrenceDirectorBuy1,000$5.17$5.2KForm 4
Jul 11, 2025Salkind GeneDirectorBuy20,243$4.94$100.0KForm 4
Jul 11, 2025MARSHALL ALLANChief Executive OfficerBuy161,943$4.94$800.0KForm 4
Apr 17, 2025MARSHALL ALLANChief Executive OfficerBuy657,895$2.28$1.5MForm 4
Apr 17, 2025Norstrud Andrew JamesChief Financial OfficerBuy43,860$2.28$100.0KForm 4
Apr 17, 2025Salkind GeneDirectorBuy241,229$2.28$550.0KForm 4
Mar 12, 2024MARSHALL ALLANChief Executive OfficerBuy64,150$0.57$36.6KForm 4
Mar 11, 2024MARSHALL ALLANChief Executive OfficerBuy13,623$0.60$8.2KForm 4
Mar 5, 2024MARSHALL ALLANChief Executive OfficerBuy103,013$0.70$72.1KForm 4
Dec 15, 2023MARSHALL ALLANChief Executive OfficerBuy4,535$0.91$4.1KForm 4
Dec 14, 2023MARSHALL ALLANChief Executive OfficerBuy8,381$0.98$8.2KForm 4
Dec 7, 2023MARSHALL ALLANChief Executive OfficerBuy90,001$0.94$84.6KForm 4
Dec 5, 2023MARSHALL ALLANChief Executive OfficerBuy19,296$0.84$16.2KForm 4

All 36 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 21, 2026Raised $19.5 million in a private offering of securities Form D: 1 investor so far Form D
  2. Jul 11, 2025Raised $200 million in a private offering of equity Form D: 1 investor so far Form D
  3. Apr 24, 2025Raised $100 million in a private offering of equity Form D: 73 investors so far Form D
  4. Oct 19, 2021Raised $4 million in a private offering of equity Form D: 2 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 47. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Arrington Capital Management, LLC2,760,107$2.2M2.4%No change
Vanguard Capital Management LLC2,409,720$1.9M0.0%−972,882
MMCAP International Inc. SPC2,326,777$1.8M0.2%No change
BlackRock, Inc.888,906$697.1K0.0%+207,598
Osaic Holdings, Inc.770,236$600.8K0.0%−5,626
Susquehanna International Group, Llp703,129$551.4K0.0%+4,401
Geode Capital Management, LLC582,895$457.4K0.0%+44,378
Vanguard Fiduciary Trust Co311,362$244.1K0.0%−16,621
Millennium Management LLC271,216$212.7K0.0%−22,968
UBS Group AG232,206$182.0K0.0%−533,570
XTX Topco Ltd229,653$180.1K0.0%+110,199
State Street Corp192,022$150.6K0.0%No change
Jane Street Group, LLC191,536$150.2K0.0%+841
J. Derek Lewis & Associates Inc.125,000$98.0K0.0%+28,000
Northern Trust Corp117,311$92.0K0.0%+9,091
Citadel Advisors LLC100,402$78.7K0.0%New
Citigroup Inc79,135$62.1K0.0%+79,130
Engineers Gate Manager LP77,738$61.0K0.0%+24,885
Pinnacle Financial Partners, Inc.70,720$55.5K0.0%No change
Goldman Sachs Group Inc68,378$53.6K0.0%+46,187
IMC-Chicago, LLC52,768$41.4K0.0%+4,698
Millington Financial Advisors, LLC40,000$32.2K0.0%No change
Commonwealth Equity Services, LLC33,125$26.0K0.0%+500
Morgan Stanley27,166$21.3K0.0%+20,066
Cetera Investment Advisers24,207$19.0K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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