Xiao-I says H1 2026 net loss narrowed to $13.05 million as revenue slumped
AIXI•Xiao-I reported H1 2026 net revenue of $1.04 million, down from $11.52 million, while net loss narrowed to $13.05 million from $30.39 million as operating expenses fell.
1. Revenue and costs
Xiao-I said it discontinued or scaled back low-margin businesses, and revenue fell as cloud platform products declined 99.12%. Gross margin swung to a $0.6 million loss as high-margin cloud revenue disappeared while staff costs stayed relatively fixed; lower operating expenses, led by a steep R&D cut, helped narrow the net loss.
