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Nixxy, Inc. 10-Q Filings

NIXX NASDAQ

Every 10-Q that Nixxy, Inc. (NIXX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow NIXX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NIXX filings page.

Rhea-AI Summary

Nixxy, Inc. (NIXX) reports sharply higher telecommunications revenue after exiting its legacy recruiting business and spinning off CognoGroup. Telecommunication services revenue rose to $16.1 million for the quarter and $45.2 million for the six months ended June 30 2026, from $13.4 million and $14.6 million a year earlier.

Despite this growth, the company remained unprofitable, with a six‑month net loss of $1.8 million, though improved from a loss of $8.8 million in 2025. Cash was $330 thousand and total current liabilities $6.8 million, producing a working capital deficit of about $1.5 million. Management states that these conditions, together with ongoing cash burn and funding needs, raise substantial doubt about the ability to continue as a going concern. To support operations, Nixxy has relied on equity issuances, an $2.0 million convertible line of credit (with $1.0 million drawn), and asset‑based growth, building a portfolio of telecom and AI software intangibles with a net carrying value of $9.8 million as of June 30 2026.

Rhea-AI Summary

Nixxy, Inc. reported Q1 2026 net income of $537 thousand, compared with a net loss of $4.5 million a year earlier. Revenue jumped to $29.1 million, entirely from wholesale telecommunications services, versus $1.3 million in Q1 2025.

Operating performance remained thin, with cost of revenue of $29.0 million nearly matching revenue and total operating expenses of $30.3 million, producing a loss from continuing operations of $1.2 million. The company moved to profit mainly due to a $1.8 million gain on marketable securities.

Cash increased to $1.0 million from $0.2 million at year-end 2025, helped by $1.0 million of equity issuance and additional borrowings, while operating activities used $0.4 million of cash. Management discloses a going concern risk, citing a working capital deficit of about $0.4 million and the need for additional financing to fund operations over the next 12 months.

Rhea-AI Summary

Nixxy, Inc. (NIXX) filed its Q3 2025 report showing a major shift into telecommunications via Auralink. Revenue reached $31.9 million for the quarter, up from $135,886 a year ago, as the company began recognizing gross revenue from SMS and voice termination services. For the nine months, revenue was $46.8 million versus $491,544 last year. Despite low gross margins and higher amortization, the quarterly net loss narrowed to $2.16 million from $13.31 million, and the nine‑month net loss improved to $10.89 million from $15.10 million.

The balance sheet reflects portfolio moves: intangible assets increased to $12.41 million on acquisitions of Savitr IP, Aqua Software (paid mostly in 2,087,912 restricted shares), NexGenAI (stock installments including 403,747 shares initially), and Everythink (2,000,000 shares at $1.89 plus $150,000 deferred cash). The Novo Note ($1.20 million principal and $298,269 interest) was converted into 748,433 shares at $2.00. Shares outstanding were 24,875,578 as of October 23, 2025. Cash declined to $122,496 from $2.53 million year‑end; operating cash outflow was $4.05 million year‑to‑date, partly offset by $1.84 million equity raised and a $200,000 line of credit. Three customers represented 79% of receivables and two customers 44% of year‑to‑date revenue.