NASDAQ$UPXI

Upexi Inc · Q3 2026 earnings

Q3 2026 earnings · · Before market open

Briefing

Upexi reported fiscal Q3 2026 revenue of $4.6M with a net loss of $109.3M on digital-asset fair value.

For the fiscal third quarter ended March 31, 2026, Upexi reported total revenue of $4.6 million (including $3.5 million digital-asset revenue) versus $3.2 million a year ago. Gross profit was $4.4 million. Net loss was $109.3 million, driven primarily by a $847.8 million change in fair value of digital assets (partially offset by other items in the condensed statements). Basic and diluted loss per share was $1.67.

  • Revenue $4.6M including digital-asset line.
  • Net loss dominated by digital-asset fair value marks.
  • Gross profit $4.4M on low cost of revenue.
  • Operating loss from continuing ops before tax $109.3M.

Headline financials

Total Revenue

$4.56M

Previous: $3.16M+44.2%
EPS (adj)

-$1.67

Previous: -$2.87+41.8%
Capital Expenditures

-$44K

Previous: -$198K+77.8%
Free Cash Flow

-$17.3M

Previous: -$4.03M-328.9%
Net Income

-$109M

Previous: -$3.83M-2753.7%
Operating Income

-$107M

Previous: -$3.59M-2876.8%
Gross Profit

$4.35M

Previous: $1.56M+179.1%

Revenue & EPS history

Upexi Inc · Revenue · Quarterly

$4.56M

Q3 2026+44.2%vs Q3 2025
Beat estimate in 0 of 2 quarters(0%)
ActualEstimate

Forward guidance

No traditional EPS guidance; results highly correlated with digital-asset holdings and mark-to-market accounting.

Tailwinds

  • Core gross profit positive on reported revenue.
  • YoY revenue growth including digital-asset activities.

Headwinds

  • Fair value volatility can overwhelm operating performance.
  • Loss per share $1.67 on large non-cash charges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q3 2026

Historical avgQ3 2026

+1.4%

Avg return

Earnings day

-5.7%

Avg return

5 days after

-21.8%

Avg return

30 days after

53%

8 / 15 earnings

Positive

+11.4%

Q2 2023

Best reaction

-9.1%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+2.2%-3.0%-32.6%
Q2 2026-7.1%-26.8%-11.4%
Q1 2026+5.3%-19.2%-29.6%
Q1 2025+5.3%-19.2%-29.6%
Q3 2025+6.4%+33.3%+4.5%
Q2 2025+0.0%-16.4%-33.8%
Q3 2024+0.0%+14.1%-46.9%
Q2 2024+7.0%-37.2%-59.1%
Q1 2024-9.1%-14.5%-8.2%
Q3 2023+5.1%-5.9%-34.0%
Q2 2023+11.4%+15.7%+7.6%
Q1 2023-7.6%-22.6%-28.2%
Q3 2022+8.0%+25.9%-5.7%
Q2 2022+0.0%-2.1%+0.8%
Q1 2022-5.9%-7.9%-21.5%

Discussion

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