Upexi, Inc. (UPXI) Reports Q2 Losses Up 25% to $12.5M

Upexi, Inc. (UPXI) reported a second-quarter loss of $12.5 million, up 25% from $10 million in the same period of 2025. The company attributed the increase to higher-than-expected customer acquisition costs and a reduction in revenue from its SaaS platform. Revenue for Q2 was $28 million, a 12% decline from $31.5 million in Q2 2025. CEO Michael Chen said the company is implementing cost optimization and expanding its mid-market client base to stabilize results. The stock closed at $12.42 on February 10, 2026, down 4.2% for the day.