Foxx Development Holdings Inc. Financials
This page shows Foxx Development Holdings Inc. (FOXX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Foxx Development Holdings Inc. has an operating margin of -14.7%, meaning the company retains $-15 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -96.9% the prior year.
Foxx Development Holdings Inc.'s revenue surged 1941.8% year-over-year to $65.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Foxx Development Holdings Inc.'s current ratio of 0.78 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.
While Foxx Development Holdings Inc. generated -$6.6M in operating cash flow, capex of $68K consumed most of it, leaving -$6.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Foxx Development Holdings Inc. earns a strong 168.1% return on equity (ROE), meaning it generates $168 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 85.7% the prior year.
Foxx Development Holdings Inc. passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Foxx Development Holdings Inc. generates $0.73 in operating cash flow (-$6.6M OCF vs -$9.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Foxx Development Holdings Inc. earns $-758.6 in operating income for every $1 of interest expense (-$9.7M vs $13K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Foxx Development Holdings Inc. generated $65.9M in revenue in fiscal year 2025. This represents an increase of 1941.8% from the prior year.
Foxx Development Holdings Inc.'s EBITDA was -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 212.4% from the prior year.
Foxx Development Holdings Inc. generated -$6.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 41.4% from the prior year.
Foxx Development Holdings Inc. reported -$9.0M in net income in fiscal year 2025. This represents a decrease of 162.9% from the prior year.
Foxx Development Holdings Inc. earned $-1.47 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 41.3% from the prior year.
Foxx Development Holdings Inc. held $1.9M in cash against $73K in long-term debt as of fiscal year 2025.
Foxx Development Holdings Inc. had 7M shares outstanding in fiscal year 2025. This represents an increase of 105.3% from the prior year.
Foxx Development Holdings Inc.'s gross margin was 7.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.
Foxx Development Holdings Inc.'s operating margin was -14.7% in fiscal year 2025, reflecting core business profitability. This is up 82.2 percentage points from the prior year.
Foxx Development Holdings Inc.'s net profit margin was -13.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 92.6 percentage points from the prior year.
Foxx Development Holdings Inc.'s ROE was 168.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 82.4 percentage points from the prior year.
Foxx Development Holdings Inc. invested $2.1M in research and development in fiscal year 2025. This represents an increase of 2185.8% from the prior year.
Foxx Development Holdings Inc. invested $68K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 681.6% from the prior year.
FOXX Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.7M0.0% | $16.7M-17.3% | $20.2M+45.1% | $13.9M+22.3% | $11.4M-34.8% | $17.5M-24.4% | $23.1M | N/A |
| Cost of Revenue | $14.5M0.0% | $14.5M-17.0% | $17.5M+40.8% | $12.4M+15.7% | $10.7M-29.8% | $15.3M-32.7% | $22.7M | N/A |
| Gross Profit | $2.2M0.0% | $2.2M-19.2% | $2.7M+80.3% | $1.5M+129.5% | $663K-69.7% | $2.2M+450.2% | $398K | N/A |
| R&D Expenses | $193K0.0% | $193K-36.9% | $306K-42.5% | $533K-35.5% | $827K+15.2% | $717K+10105.9% | $7K | N/A |
| SG&A Expenses | $3.1M0.0% | $3.1M+27.8% | $2.4M+8.3% | $2.2M+22.9% | $1.8M-10.7% | $2.0M+112.4% | $961K | N/A |
| Operating Income | $2.2M+200.0% | -$2.2M-149.1% | -$892K+57.3% | -$2.1M+41.4% | -$3.6M-58.9% | -$2.2M-24.0% | -$1.8M | N/A |
| Interest Expense | $2.0M+75237.9% | $3K-5.7% | $3K-5.2% | $3K-4.8% | $3K-4.5% | $3K-4.2% | $3K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $4.3M+200.0% | -$4.3M-49.6% | -$2.9M+30.0% | -$4.1M-0.2% | -$4.1M-386.8% | $1.4M+162.8% | -$2.3M | N/A |
| EPS (Diluted) | $0.62+200.0% | $-0.62-47.6% | $-0.42 | N/A | $-0.58-390.0% | $0.20+130.8% | $-0.65 | N/A |
FOXX Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.0M0.0% | $42.0M-15.6% | $49.8M+91.6% | $26.0M-20.9% | $32.9M+2.9% | $31.9M-35.5% | $49.5M+821.9% | $5.4M |
| Current Assets | $19.8M0.0% | $19.8M-26.9% | $27.1M+14.8% | $23.6M-22.3% | $30.4M+1.5% | $30.0M-37.0% | $47.6M+997.2% | $4.3M |
| Cash & Equivalents | $1.8M0.0% | $1.8M+19.2% | $1.5M-20.8% | $1.9M-50.5% | $3.8M-3.9% | $3.9M-57.0% | $9.2M+1462.8% | $587K |
| Inventory | $10.2M0.0% | $10.2M-11.1% | $11.5M-9.7% | $12.7M-23.9% | $16.7M+5.7% | $15.8M+247.2% | $4.5M+156.8% | $1.8M |
| Accounts Receivable | $6.3M0.0% | $6.3M-50.5% | $12.8M+88.1% | $6.8M-5.0% | $7.1M-6.5% | $7.6M-38.2% | $12.4M+4811.3% | $252K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $30.2M-43.9% | $53.9M-6.7% | $57.7M+84.1% | $31.4M-8.8% | $34.4M+15.7% | $29.7M-39.4% | $49.1M+423.5% | $9.4M |
| Current Liabilities | $34.0M0.0% | $34.0M-9.4% | $37.5M+23.2% | $30.4M-8.9% | $33.4M+16.5% | $28.7M-40.2% | $47.9M+435.8% | $8.9M |
| Long-Term Debt | $61K0.0% | $61K-9.1% | $67K-8.1% | $73K-7.3% | $79K-6.6% | $85K-6.0% | $90K-5.5% | $95K |
| Total Equity | $11.8M+200.0% | -$11.8M-48.9% | -$7.9M-48.0% | -$5.4M-244.9% | -$1.6M-170.6% | $2.2M+381.8% | $457K+111.4% | -$4.0M |
| Retained Earnings | $27.2M+200.0% | -$27.2M-18.7% | -$22.9M-14.3% | -$20.0M-25.7% | -$16.0M-34.4% | -$11.9M+10.7% | -$13.3M-20.6% | -$11.0M |
FOXX Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $93K-67.4% | $284K+175.4% | -$377K+80.2% | -$1.9M-968.5% | -$178K+95.8% | -$4.2M-1638.2% | -$243K+43.3% | -$429K |
| Capital Expenditures | $68K | N/A | N/A | $0 | $0-100.0% | $33K-4.8% | $35K+1984.6% | $2K |
| Free Cash Flow | $24K | N/A | N/A | -$1.9M-968.5% | -$178K+95.8% | -$4.3M-1431.7% | -$278K+35.4% | -$431K |
| Investing Cash Flow | $9K | N/A | N/A | $0-100.0% | $28K+184.3% | -$33K+4.8% | -$35K-1984.6% | -$2K |
| Financing Cash Flow | $12K+328.7% | -$5K+22.3% | -$7K-106.0% | -$3K+31.6% | -$5K+100.0% | -$20.4M-172.1% | $28.3M+3603.2% | $764K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FOXX Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.3%0.0pp | 13.3%-0.3pp | 13.6%+2.6pp | 10.9%+5.1pp | 5.8%-6.7pp | 12.5%+10.8pp | 1.7% | N/A |
| Operating Margin | 13.3%+26.6pp | -13.3%-8.9pp | -4.4%+10.6pp | -15.0%+16.3pp | -31.3%-18.4pp | -12.8%-5.0pp | -7.8% | N/A |
| Net Margin | 25.6%+51.3pp | -25.6%-11.5pp | -14.2%+15.2pp | -29.4%+6.5pp | -35.9%-44.0pp | 8.2%+18.0pp | -9.8% | N/A |
| Return on Equity | 36.3%0.0pp | 36.3%+0.2pp | 36.1%-40.2pp | 76.3%-186.3pp | 262.6%+198.0pp | 64.6%+560.4pp | -495.8% | N/A |
| Return on Assets | 10.2%+20.4pp | -10.2%-4.4pp | -5.8%+10.0pp | -15.7%-3.3pp | -12.4%-16.9pp | 4.5%+9.0pp | -4.6% | N/A |
| Current Ratio | 0.580.0 | 0.58-0.1 | 0.72-0.1 | 0.78-0.1 | 0.91-0.1 | 1.05+0.1 | 0.99+0.5 | 0.48 |
| Debt-to-Equity | 0.01+0.0 | -0.010.0 | -0.010.0 | -0.01+0.0 | -0.05-0.1 | 0.04-0.2 | 0.20+0.2 | -0.02 |
| FCF Margin | 0.1% | N/A | N/A | -13.7%-12.1pp | -1.6%+22.8pp | -24.4%-23.2pp | -1.2% | N/A |
Note: Shareholder equity is negative (-$5.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Foxx Development Holdings Inc.'s annual revenue?
Foxx Development Holdings Inc. (FOXX) reported $65.9M in total revenue for fiscal year 2025. This represents a 1941.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Foxx Development Holdings Inc.'s revenue growing?
Foxx Development Holdings Inc. (FOXX) revenue grew by 1941.8% year-over-year, from $3.2M to $65.9M in fiscal year 2025.
Is Foxx Development Holdings Inc. profitable?
No, Foxx Development Holdings Inc. (FOXX) reported a net income of -$9.0M in fiscal year 2025, with a net profit margin of -13.7%.
What is Foxx Development Holdings Inc.'s earnings per share (EPS)?
Foxx Development Holdings Inc. (FOXX) reported diluted earnings per share of $-1.47 for fiscal year 2025. This represents a -41.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Foxx Development Holdings Inc.'s EBITDA?
Foxx Development Holdings Inc. (FOXX) had EBITDA of -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Foxx Development Holdings Inc. have?
As of fiscal year 2025, Foxx Development Holdings Inc. (FOXX) had $1.9M in cash and equivalents against $73K in long-term debt.
What is Foxx Development Holdings Inc.'s gross margin?
Foxx Development Holdings Inc. (FOXX) had a gross margin of 7.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Foxx Development Holdings Inc.'s operating margin?
Foxx Development Holdings Inc. (FOXX) had an operating margin of -14.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Foxx Development Holdings Inc.'s net profit margin?
Foxx Development Holdings Inc. (FOXX) had a net profit margin of -13.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Foxx Development Holdings Inc.'s return on equity (ROE)?
Foxx Development Holdings Inc. (FOXX) has a return on equity of 168.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Foxx Development Holdings Inc.'s free cash flow?
Foxx Development Holdings Inc. (FOXX) generated -$6.6M in free cash flow during fiscal year 2025. This represents a -41.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Foxx Development Holdings Inc.'s operating cash flow?
Foxx Development Holdings Inc. (FOXX) generated -$6.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Foxx Development Holdings Inc.'s total assets?
Foxx Development Holdings Inc. (FOXX) had $26.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Foxx Development Holdings Inc.'s capital expenditures?
Foxx Development Holdings Inc. (FOXX) invested $68K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Foxx Development Holdings Inc. spend on research and development?
Foxx Development Holdings Inc. (FOXX) invested $2.1M in research and development during fiscal year 2025.
How many shares does Foxx Development Holdings Inc. have outstanding?
Foxx Development Holdings Inc. (FOXX) had 7M shares outstanding as of fiscal year 2025.
What is Foxx Development Holdings Inc.'s current ratio?
Foxx Development Holdings Inc. (FOXX) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Foxx Development Holdings Inc.'s debt-to-equity ratio?
Foxx Development Holdings Inc. (FOXX) had a debt-to-equity ratio of -0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Foxx Development Holdings Inc.'s return on assets (ROA)?
Foxx Development Holdings Inc. (FOXX) had a return on assets of -34.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Foxx Development Holdings Inc.'s cash runway?
Based on fiscal year 2025 data, Foxx Development Holdings Inc. (FOXX) had $1.9M in cash against an annual operating cash burn of $6.6M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Foxx Development Holdings Inc.'s debt-to-equity ratio negative or unusual?
Foxx Development Holdings Inc. (FOXX) has negative shareholder equity of -$5.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Foxx Development Holdings Inc.'s Piotroski F-Score?
Foxx Development Holdings Inc. (FOXX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Foxx Development Holdings Inc.'s earnings high quality?
Foxx Development Holdings Inc. (FOXX) has an earnings quality ratio of 0.73x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Foxx Development Holdings Inc. cover its interest payments?
Foxx Development Holdings Inc. (FOXX) has an interest coverage ratio of -758.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Foxx Development Holdings Inc.?
Foxx Development Holdings Inc. (FOXX) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.