Quarterly ResultAug 12, 2026, 04:23 PM
Gaxos Reports Record Q2 Revenue of $2.46M, Up 1,337% YoY
AI Summary
Gaxos.ai Inc. announced record financial results for the second quarter ended June 30, 2026, with consolidated revenue reaching $2.46 million, marking a 35.8% sequential increase and a 1,337% year-over-year surge. The company reported GAAP net income of $241,056, or $0.02 per share, largely due to the sale of its gaming assets. Gaxos also highlighted improved marketing efficiency, with revenue generated per advertising dollar increasing by approximately 20% to $0.78.
Key Highlights
- Reported record consolidated revenue of $2.46 million for Q2 2026.
- Revenue increased 35.8% sequentially from Q1 2026 and 1,337% year-over-year from Q2 2025.
- Achieved GAAP net income of $241,056, or $0.02 per basic and diluted share, primarily from a gaming asset sale.
- Advertising and marketing expense was $3.14 million, increasing approximately 13.5% sequentially.
- Revenue generated per advertising dollar improved approximately 20% to $0.78 from $0.65 in Q1.
- Completed the sale of substantially all gaming assets for 2.2 million shares of Game Foundry AI common stock, valued at $1.76 million.
- Maintained cash and short-term investments of approximately $11.44 million as of June 30, 2026.
Price Impact
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