Gaxos swings to GAAP net income of $241,056 in Q2 FY26; revenue rises 35.8% sequentially to $2.46 million

Reuters2026/08/12 20:13

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Gaxos.ai posted second-quarter revenue of $2.46 million, up 35.8% sequentially and up 1,337% from a year earlier.
GAAP net income was $241,056, swinging to profit on a gain from the gaming asset sale; EPS was $0.02.
Advertising and marketing expense climbed 13.5% sequentially to $3.14 million; revenue per advertising dollar rose 20% to $0.78.
Cash and short-term investments totaled $11.44 million at June 30, 2026, down from the prior quarter.
Completed sale of substantially all gaming assets to Game Foundry AI for 2.2 million shares valued at $1.76 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gaxos.ai Inc. published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gaxos swings to GAAP net income of $241,056 in Q2 FY26; revenue rises 35.8% sequentially to $2.46 million

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