Earnings ·
GAXOS.AI INC. reported financial results for the quarter ended June 30, 2026, announcing record consolidated revenue…
GXAIGaxos.AI Inc.
GAXOS.AI INC. reported financial results for the quarter ended June 30, 2026, announcing record consolidated revenue of $2.46 million, a 35.8% increase from Q1 2026 and a 1,337% year-over-year rise. The company achieved GAAP net income of $241,056, or $0.02 per share, driven largely by a gain from the sale of gaming assets to Game Foundry AI for approximately $1.76 million in stock. Advertising and marketing expenses totaled $3.14 million, with revenue generated per advertising dollar improving 20% to $0.78. Cash and short-term investments stood at $11.44 million as of June 30, 2026. The company operates in the artificial intelligence sector, developing AI applications for consumer and enterprise markets.