Gaxos swings to GAAP net income of $241,056 in Q2 FY26; revenue rises 35.8% sequentially to $2.46 million - GXAI News | RalliesGaxos swings to GAAP net income of $241,056 in Q2 FY26; revenue rises 35.8% sequentially to $2.46 million
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GXAI• Gaming asset sale
- Completed sale of substantially all gaming assets to Game Foundry AI for 2.2 million shares valued at $1.76 million.
Second-quarter results
- 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.
Expenses and cash position
- 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.
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