Gaxos.ai (NASDAQ: GXAI) reported record second-quarter 2026 consolidated revenue of approximately $2.46 million, up 35.8% from $1.81 million in the first quarter and 1,337% from $0.17 million a year earlier. The company reported GAAP net income of $241,056, or $0.02 per basic and diluted share, primarily reflecting a gain from the sale of its gaming assets. Revenue generated per advertising dollar improved approximately 20% sequentially to $0.78 as revenue growth outpaced the approximately 13.5% increase in advertising and marketing expense. Gaxos ended the quarter with approximately $11.44 million in cash and short-term investments.
During the quarter, Gaxos completed the sale of substantially all its gaming assets to Game Foundry AI in exchange for 2.2 million shares valued for transaction purposes at approximately $1.76 million. The company also maintains a 19.99% interest in America First Defense.AI LLC. For the remainder of 2026, Gaxos plans to focus on increasing recurring and repeat revenue, improving customer-acquisition efficiency, scaling products and channels with favorable contribution economics and maintaining discipline in operating expenditures and capital allocation.
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About Gaxos.ai Inc.
Gaxos.AI is a technology company focused on reshaping the way people interact with artificial intelligence across everyday life and high-impact industries. More than a developer of applications, Gaxos.AI is building a portfolio of AI-powered solutions designed to make advanced technology more practical, accessible, and transformative. The company’s growing portfolio spans defense, health and wellness, entertainment, and productivity—bringing intelligent tools to markets where innovation can drive meaningful real-world outcomes.
NOTE TO INVESTORS: The latest news and updates relating to GXAI are available in the company’s newsroom at https://ibn.fm/GXAI
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