Quarterly ResultMay 15, 2026, 11:03 AM
FOXO Technologies Q1 Revenue +63% to $5.17M; Net Loss Widens
AI Summary
FOXO Technologies reported a significant increase in net revenues for Q1 2026, reaching $5.17 million, a 63% rise from the previous year. However, the company's net loss attributable to FOXO widened to $1.45 million, up from $0.62 million in Q1 2025. The company continues to face substantial doubt about its ability to continue as a going concern, citing a history of losses, a $27.1 million working capital deficit, and low cash reserves, despite improvements in cash used in operating activities.
Key Highlights
- Net revenues increased 63% to $5.17 million for Q1 2026, up from $3.17 million in Q1 2025.
- Net loss attributable to FOXO widened to $1.45 million in Q1 2026 from $0.62 million in Q1 2025.
- Net loss to common stockholders increased to $1.74 million in Q1 2026 from $1.10 million in Q1 2025.
- Cash and cash equivalents decreased to $65,896 as of March 31, 2026, from $207,453 at year-end 2025.
- Working capital deficit stood at $27.1 million as of March 31, 2026.
- Cash used in operating activities improved to $0.58 million in Q1 2026 from $1.34 million in Q1 2025.
- Company faces substantial doubt about its ability to continue as a going concern.
Price Impact
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