Gaxos.ai (NASDAQ: GXAI) surges to record $2.46M Q2 revenue and boosts marketing efficiency
Rhea-AI Filing Summary
Gaxos.ai Inc. reported record second-quarter 2026 consolidated revenue of $2.46 million, up 35.8% from $1.81 million in the first quarter of 2026 and 1,337% above $0.17 million in the second quarter of 2025. Management highlighted that revenue grew at nearly twice the pace of advertising spend and that revenue generated per advertising dollar increased.
Advertising and marketing expense rose to $3.14 million, about 13.5% above the prior quarter. Revenue per advertising dollar improved to $0.78 from approximately $0.65, while advertising and marketing expense declined to about 128% of revenue from 153%, indicating better marketing efficiency but still heavy spend.
Gaxos completed the sale of substantially all gaming assets to Game Foundry AI in exchange for 2.2 million Game Foundry AI shares valued at roughly $1.76 million for the transaction and retained a 19.99% interest in America First Defense.AI LLC. Liquidity remained solid, with $11.44 million in cash and short-term investments as of June 30, 2026, versus $11.71 million at March 31, 2026, and the company raised about $1.0 million through an at-the-market equity program in the quarter.
Positive
- Record Q2 2026 revenue of $2.46 million, up 35.8% sequentially and 1,337% year over year, signals rapid top-line expansion.
- Marketing efficiency improved, with revenue per advertising dollar rising about 20% to $0.78 and ad spend falling to 128% of revenue from 153%.
- Liquidity remains strong with $11.44 million in cash and short-term investments at June 30, 2026, despite growth investments and portfolio changes.
- Strategic portfolio shift via sale of gaming assets for Game Foundry AI equity (~$1.76 million) plus a 19.99% stake in America First Defense.AI preserves upside in non-core areas.
Negative
- Customer acquisition remains costly, with advertising and marketing expense at 128% of revenue in Q2 2026, indicating profitability pressure despite efficiency gains.
- The company issued equity via its at-the-market program, raising about $1.0 million in Q2 2026, which adds some dilution to existing shareholders.
Filing Explained
The company reports 10,744,634 common shares outstanding on
8-K Event Classification
Key Figures
Key Terms
at-the-market offering program financial
short-term investments financial
forward-looking statements regulatory
counter-UAS technical
Sequentially financial
Earnings Snapshot
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did Gaxos.ai (GXAI) perform financially in Q2 2026?
How efficient was Gaxos.ai’s (GXAI) marketing spend in Q2 2026?
What strategic asset sales did Gaxos.ai (GXAI) complete in Q2 2026?
What is Gaxos.ai’s (GXAI) cash position as of June 30, 2026?
What minority investments does Gaxos.ai (GXAI) hold after Q2 2026?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I. R. S. Employer Identification No.) |
(Address of principal executive offices, including ZIP code)
(
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of exchange on which registered | ||
| The |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02. Results of Operations and Financial Condition.
On August 12, 2026, Gaxos.ai Inc. (the “Company”) announced financial results for the quarter ended June 30, 2026. A copy of the related press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information included herein and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.
| Exhibit No. | Description of Exhibit | |
| 99.1 | Press Release dated August 12, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GAXOS.AI INC. | ||
| Date: August 12, 2026 | By: | /s/ Vadim Mats |
| Vadim Mats | ||
| Chief Executive Officer | ||
2
Exhibit 99.1
Gaxos Delivers Record Second-Quarter Revenue, Up 35.8% Sequentially and 1,337% Year over Year
Revenue growth significantly outpaces advertising expense growth as revenue generated per advertising dollar improves
Roseland, NJ / August 12, 2026 – Gaxos.ai Inc. ("Gaxos" or the "Company")(NASDAQ: GXAI), a company developing artificial intelligence applications across various high-growth sectors, today reported financial and operating results for the three and six months ended June 30, 2026.
Second-quarter consolidated revenue reached a record of $2.46 million, representing an increase of 35.8% from $1.81 million in the first quarter of 2026 and an increase of 1,337% from $0.17 million in second quarter of 2025.
“Our second-quarter results demonstrate continued commercial momentum across our core business,” said Vadim Mats, Chief Executive Officer of Gaxos. “We achieved record quarterly revenue at nearly twice the rate of advertising expense growth and generated more revenue from each advertising dollar invested. We believe these results demonstrate the scalability of our operating platforms and the effectiveness of our increasingly disciplined approach to growth and capital allocation.”
Second Quarter Financial Highlights
| ● | Record consolidated revenue of approximately $2.46 million, increasing 35.8% from the first quarter of 2026 and 1,337% from the second quarter of 2025. |
| ● | GAAP net income of $241,056, or $0.02 per basic and diluted share, primarily reflecting a gain from the gaming asset sale. |
| ● | Advertising and marketing expense amounted to $3,141,273 in the second quarter compared with $2,766,824 in the first quarter of 2026. |
| ● | Revenue generated per advertising dollar improved approximately 20% to $0.78 from $0.65 in the first quarter. |
| ● | Revenue increased 35.8%, substantially outpacing the approximately 13.5% increase in advertising and marketing expense. |
| ● | Cash and short-term investments remained strong at approximately $11.44 million as of June 30, 2026. |
Improving Marketing Efficiency
Revenue increased 35.8% sequentially during the second quarter, while advertising and marketing expense increased approximately 13.5%. As a result, revenue generated per advertising dollar improved approximately 20%, reaching $0.78 compared with approximately $0.65 in the first quarter.
Advertising and marketing expense represented approximately 128% of revenue during the second quarter, compared with approximately 153% in the first quarter, an improvement of approximately 16.4%.
Advertising and marketing expense totaled approximately $3.14 million during the second quarter, compared with approximately $2.77 million during the first quarter.
“We are applying a more disciplined, data-driven approach to customer acquisition,” Mats continued. “By concentrating spending on the customer segments, marketing channels and products demonstrating the strongest retention and contribution economics, we increased revenue at a substantially faster rate than advertising expense during the second quarter. We intend to continue building on that progress.”
Focused Operating Strategy with Retained Portfolio Upside
During the second quarter, Gaxos completed the sale of substantially all its gaming assets, including its mobile-game portfolio and Gaxos Gaming Labs, to Game Foundry AI. Gaxos received 2.2 million shares of Game Foundry AI common stock, valued for transaction purposes at approximately $1.76 million.
Gaxos also maintains a 19.99% ownership interest in America First Defense.AI LLC, a defense technology company.
Liquidity and Capital Structure
As of June 30, 2026, Gaxos maintained cash and short-term investments of approximately $11.44 million, compared with approximately $11.71 million at March 31, 2026.
As of August 12, 2026, the Company had 10,744,634 shares of common stock outstanding.
During the second quarter, the Company sold shares through its at-the-market offering program, generating net proceeds of approximately $1.0 million. The Company did not issue additional shares through its at-the-market offering program between July 1, 2026, and August 12, 2026.
Outlook and Operating Priorities
During the remainder of 2026, Gaxos intends to focus on:
| ● | Increasing recurring and repeat revenue across its core operating businesses; |
| ● | Improving customer-acquisition efficiency and advertising payback; |
| ● | Scaling products and customer channels demonstrating favorable contribution economics; |
-2-
| ● | Maintaining discipline in operating expenditures and capital allocation; and |
| ● | Providing investors with additional operating measurements, where reliable and appropriate. |
Form 10-Q
Additional information regarding the Company’s second-quarter results is available in its Quarterly Report on Form 10-Q for the period ended June 30, 2026, filed today with the Securities and Exchange Commission.
About Gaxos.ai Inc.
Gaxos.ai Inc. (Nasdaq: GXAI) develops artificial intelligence applications designed to address opportunities across consumer and enterprise markets. The Company’s operations include Gaxos Labs, which develops and commercializes AI-powered applications, and RNK Health, a majority-owned subsidiary offering personalized weight loss, longevity, and performance treatments. Gaxos also holds a strategic minority investment in America First Defense.AI, a defense-technology company developing next-generation counter-UAS and robotic platforms.
For more information, visit Gaxos.AI. You can also follow Gaxos.ai on LinkedIn for the latest updates and news.
Forward-Looking Statements
Certain statements contained in this press release are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will”, “anticipate”, “estimate”, “expect”, “should”, “may”, and other words and terms of similar meaning or use of future dates; however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors disclosed in our filings with the SEC, accessible through the SEC’s website (http://www.sec.gov), including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed or furnished with the SEC. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. The Company disclaims any obligation to update forward-looking statements. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. The contents of any website referenced in this press release are not incorporated by reference herein.
Gaxos.ai Inc. Company Contact
Investor Relations
E:ir@gaxos.ai
T: 1-888-319-2499
-3-