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FOXX

Foxx Development Holdings Inc.

FOXX

Foxx Development Holdings Inc. • NASDAQ
$4.50 ▲ 0.00% (+0.00)
Market Cap $30.51 M
52w High $11.00
52w Low $1.71
Dividend Yield 0%
P/E -3.63
Volume 69.82K
Outstanding Shares 6.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $20.223M ▲ $3.637M ▲ $-2.865M ▲ -14.169% ▲ $-0.42 ▲ $-407.433K ▲
Q4-2025 $13.935M ▲ $3.62M ▼ $-4.092M ▼ -29.366% ▲ $-0.6 ▼ $-1.997M ▲
Q3-2025 $11.392M ▼ $4.224M ▼ $-4.085M ▼ -35.858% ▼ $-0.58 ▼ $-2.465M ▼
Q2-2025 $17.48M ▼ $4.432M ▲ $1.424M ▲ 8.146% ▲ $0.2 ▲ $2.531M ▲
Q1-2025 $23.112M $2.206M $-2.267M -9.809% $-0.65 $-1.792M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $1.484M ▼ $49.808M ▲ $57.747M ▲ $-7.94M ▼
Q4-2025 $1.875M ▼ $26M ▼ $31.364M ▼ $-5.365M ▼
Q3-2025 $3.79M ▼ $32.852M ▲ $34.408M ▲ $-1.555M ▼
Q2-2025 $3.943M ▼ $31.936M ▼ $29.733M ▼ $2.203M ▲
Q1-2025 $9.18M $49.548M $49.09M $457.238K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.865M ▲ $-376.763K ▲ $0 ▲ $-6.98K ▼ $-390.961K ▲ $-376.763K ▲
Q4-2025 $-4.093M ▼ $-1.906M ▼ $-28.1K ▼ $-3.388K ▲ $-1.915M ▼ $-1.935M ▼
Q3-2025 $-4.085M ▼ $-178.43K ▲ $28.1K ▲ $-4.955K ▲ $-152.988K ▲ $-178.43K ▲
Q2-2025 $1.424M ▲ $-4.232M ▼ $-33.336K ▲ $-20.384M ▼ $-24.649M ▼ $-4.265M ▼
Q1-2025 $-2.267M $-243.459K $-35K $28.283M $28.005M $-278.459K

Revenue by Products

Product Q3-2025Q4-2025Q1-2026
Operating Segments
Operating Segments
 $10.00M ▲$50.00M ▲$20.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Foxx is still in a very early, build‑out phase. Revenue has only recently started to show up and remains very small, while the company is still losing money. Profitability metrics are weak, and earnings per share have swung from slightly positive in the early years to meaningfully negative more recently. Overall, the income statement looks like that of an emerging company that has yet to prove it can generate stable, profitable growth.

Balance Sheet

Balance Sheet The balance sheet is thin and fragile. Total assets are modest, cash appears minimal, and equity has turned negative, which means accumulated losses now exceed the book value of the company. Debt has been used at times despite the small asset base. This combination suggests limited financial cushion and a high reliance on future funding or improved business performance to stabilize the capital structure.

Cash Flow

Cash Flow Operating cash flow is negative and free cash flow is also negative, indicating the core business is consuming cash rather than generating it. Capital spending is very light, which helps, but the bigger issue is that day‑to‑day operations are not self‑funding. This pattern is typical for a small, developing technology firm, but it also means the company likely needs outside capital to keep executing its plans unless it can quickly grow and improve margins.

Competitive Edge

Competitive Edge Foxx operates in a brutally competitive arena: smartphones, tablets, wearables, and broader consumer IoT, where large global brands dominate. Its main edge comes from partnerships and niche IoT solutions rather than a powerful, well‑established brand or deep proprietary technology moat. Collaborations like the smart water leak detector and streaming partnerships help differentiate the offering, but financial strain and small scale make it harder to stand out and invest at the level of bigger rivals.

Innovation and R&D

Innovation and R&D Strategically, Foxx is aiming to build an interconnected IoT ecosystem backed by its own cloud platform. The smart water leak detector partnership is a concrete example of embedding its tech into everyday products, and the planned cloud platform could open the door to recurring, service‑based revenue if executed well. However, limited resources and ongoing losses may constrain how aggressively it can invest in research, platform development, and new product categories, so the innovation story is promising but still largely unproven and execution‑dependent.

Summary

Overall, Foxx looks like a high‑risk, early‑stage technology player trying to move beyond simple hardware sales into an integrated IoT and services ecosystem. The strategic vision—partnerships, smart home devices, a cloud platform, and potential expansion into new markets—is interesting, but the financial foundation is weak: small revenue, continuing losses, negative equity, and cash outflows. The key swing factors going forward will be whether Foxx can scale revenue, firm up its balance sheet, and bring its ecosystem vision to life before financial pressure limits its options.