For the quarter ending 2026-03-31, FOXX made $8,666,261 in revenue. -$36,273,311 in net income. Net profit margin of -418.56%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues, net | 8,666,261 | 16,716,572 | 20,223,301 | 13,934,805 |
| Cost of goods sold | 10,116,838 | 14,499,792 | 17,478,734 | 12,412,355 |
| Gross (loss) profit | -1,450,577 | 2,216,780 | 2,744,567 | 1,522,450 |
| Selling expenses | 964,440 | 1,142,567 | 901,656 | 841,309 |
| General and administrative expenses | 2,928,172 | 3,103,576 | 2,428,673 | 2,346,161 |
| Research and development - related party-Related Party | - | - | - | -139,606 |
| Research and development | 1,085,588 | 193,208 | 306,432 | 562,820 |
| Provision of credit losses | 1,681,606 | - | - | - |
| Impairments of right-of-use assets | 25,855,427 | - | - | - |
| Total operating expenses | 32,515,233 | 4,439,351 | 3,636,761 | 3,610,684 |
| Loss from operations | -33,965,810 | -2,222,571 | -892,194 | -2,088,234 |
| Interest expense | 2,304,183 | 2,003,236 | 2,011,905 | 1,953,869 |
| Other (expense) income, net | - | -60,107 | 38,657 | 25,846 |
| Change in fair value of earnout liabilities | - | - | - | -18 |
| Total other (expense) income, net | -2,304,183 | -2,063,343 | -1,973,248 | -1,928,005 |
| Loss bfore income taxes | -36,269,993 | -4,285,914 | -2,865,442 | -4,016,239 |
| Provision for income taxes | - | - | - | 76,743 |
| Net loss | -36,269,993 | -4,285,914 | -2,865,442 | -4,092,982 |
| Foreign currency translation adjustment | -3,318 | -2,266 | -6,525 | -4,590 |
| Comprehensive gain | -36,273,311 | -4,288,180 | -2,871,967 | -4,097,572 |
| Basic EPS | -5.19 | -0.62 | -0.42 | -0.666 |
| Diluted EPS | -5.19 | -0.62 | -0.42 | -0.666 |
| Basic Average Shares | 6,989,278 | 6,892,729 | 6,780,597 | 6,148,467* |
| Diluted Average Shares | 6,989,278 | 6,892,729 | 6,780,597 | 6,148,467* |
Foxx Development Holdings Inc. (FOXX)
Foxx Development Holdings Inc. (FOXX)