SOL Financial Company Upexi Q1 net loss of $109 million, holding 2.36 million SOL tokens

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Golden Finance reports that Nasdaq-listed company Upexi announced that its quarterly net loss as of March 31, 2026, was $109.3 million, compared to a net loss of $3.8 million in the same period last year. The company stated that the net loss was mainly due to an unrealized loss of $92.3 million on digital assets.
According to the company’s latest earnings report released on Tuesday, Upexi generated a total revenue of $4.6 million in the quarter ending March 31, 2026, up from $3.2 million in the same period last year. Despite revenue growth, the company reported a net loss of $109.3 million this quarter, compared to a net loss of $3.8 million in the same period in 2025. Its loss per share was $1.67, compared to $2.87 per share in the same period last year. As of the end of March, this Nasdaq-listed company held 2.36 million SOL tokens, with a fair value of $184.9 million. The company’s staking income for the quarter totaled $3.5 million. The company also stated that it completed a private placement of $36 million in convertible bonds in exchange for 265,500 locked SOL tokens.

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