Upexi Inc. Reports Q1 2025 Results: Revenue at $3.1M, Gross Profit Up 23%, Net Loss at $3.8M

Reuters
05-16
Upexi Inc. Reports Q1 2025 Results: Revenue at $3.1M, Gross Profit Up 23%, Net Loss at $3.8M

Upexi Inc. has announced its financial results for the first quarter ending March 31, 2025. The company reported a total revenue of $3.1 million, reflecting the performance of its legacy consumer business. Gross profit increased by 23% year-over-year, totaling approximately $1.6 million. However, Upexi reported a net loss of approximately $3.8 million for the quarter. In addition to its financial results, Upexi provided an update on its cryptocurrency treasury strategy. The company has accumulated 597,002 SOL tokens, valued at approximately $102.4 million at the current price of $171.50 per SOL. This represents an unrealized gain of approximately $18.1 million in their SOL treasury. Upexi has also begun receiving staking revenue from its SOL holdings, with a current yield of approximately 7.9%, generating over 48,000 tokens per year. Upexi's CEO, Allan Marshall, emphasized the company's commitment to its cryptocurrency strategy, aiming to continue accumulating SOL to benefit shareholders. The company recently closed a $100 million private placement from prominent crypto venture capital firms and is leveraging its cryptocurrency portfolio to enhance its business operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Upexi Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1028589) on May 16, 2025, and is solely responsible for the information contained therein.

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