Revenue scaled to $1.8 million in 2026Q1, yet the company continues to struggle with profitability, evidenced by a deeply negative operating margin of -140.8%.
| Sales/Revenue | 3.72M | 1.93M | 4.03K | 256 | 0 | 0 |
| Revenue Growth % | 13305.43% | 47901.74% | 1473.05% | - | - | - |
| Cost of Goods Sold | 116.56K | 204.7K | 0 | 0 | 4.19K | 0 |
| COGS % of Revenue | - | 10.59% | - | - | - | - |
| Gross Profit | 3.6M | 1.73M | 4.03K | 256 | -4.19K | 0 |
| Gross Margin % | 96.87% | 89.41% | 100% | 100% | - | - |
| Gross Profit Growth % | - | 42818.6% | 1473.05% | 106.11% | - | - |
| Operating Expenses | 9.67M | 6.64M | 3.71M | 4.02M | 1.42M | 12.26K |
| OpEx % of Revenue | - | 343.75% | 92069.33% | 1568570.7% | - | - |
| Selling, General & Admin | 8.57M | 5.86M | 2.71M | 3.05M | 595.38K | 5.45K |
| SG&A % of Revenue | - | 302.94% | 67324.19% | 1190375% | - | - |
| Research & Development | 1.22M | 993.67K | 996.49K | 915.82K | 824.52K | 6.81K |
| R&D % of Revenue | - | 51.4% | 24745.15% | 357741.41% | - | - |
| Other Operating Expenses | -116.56K | -204.7K | 0 | 52.36K | 0 | 0 |
| Operating Income | -6.07M | -4.92M | -3.7M | -4.02M | -1.42M | -12.26K |
| Operating Margin % | -163.28% | -254.34% | -91969.33% | -1568470.7% | - | - |
| Operating Income Growth % | - | -32.75% | 7.76% | -181.95% | -11520.56% | - |
| EBITDA | -6.04M | -4.71M | -3.65M | -4M | -1.42M | -12.26K |
| EBITDA Margin % | -162.45% | -243.75% | -90667.07% | -1564310.94% | - | - |
| EBITDA Growth % | -51.87% | -29.05% | 8.83% | -182.03% | -11486.38% | - |
| D&A (Non-Cash Add-back) | 30.81K | 204.7K | 52.44K | 10.65K | 4.19K | 0 |
| EBIT | -6.41M | -4.92M | -3.7M | -3.96M | -1.42M | -12.26K |
| Net Interest Income | 622.21K | 612.28K | 157.56K | 46.53K | 2.92K | 0 |
| Interest Income | 622.21K | 612.28K | 157.56K | 46.53K | 2.92K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 547.52K | 634.28K | 279.32K | 67.19K | 2.92K | 0 |
| Pretax Income | -5.52M | -4.28M | -3.42M | -3.95M | -1.42M | -12.26K |
| Pretax Margin % | -148.56% | -221.53% | -85033.1% | -1542225.39% | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -4.88M | -3.9M | -3.42M | -3.95M | -1.42M | -12.26K |
| Net Margin % | -131.27% | -201.79% | -85033.1% | -1542225.39% | - | - |
| Net Income Growth % | -32% | -13.91% | 13.27% | -177.81% | -11496.67% | - |
| Net Income (Continuing) | -5.52M | -4.28M | -3.42M | -3.95M | -1.42M | -12.26K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -689.47K | -387.75K | -6.09K | 0 | 0 | 0 |
| EPS (Diluted) | -0.56 | -0.55 | -1.92 | -4.00 | -1.41 | -0.02 |
| EPS Growth % | 61.11% | 71.35% | 52% | -183.69% | -8550.31% | - |
| EPS (Basic) | - | -0.55 | -1.92 | -4.00 | -1.41 | -0.02 |
| Diluted Shares Outstanding | 8.65M | 7.09M | 1.78M | 987.94K | 1.01M | 750.95K |
| Basic Shares Outstanding | 8.65M | 7.09M | 1.78M | 987.94K | 1.01M | 750.95K |
| Dividend Payout Ratio | - | - | - | - | - | - |
Imminent liquidity and dilution risk
According to recent financial disclosures, GXAI reported quarterly revenue of $1.8 million in 2026Q1, reflecting a 75.2% sequential increase from the prior period, though this growth trajectory remains highly volatile and dependent on the successful execution of its nascent AI-integrated gaming platform strategy.
The rapid revenue expansion appears to be a function of moving from a pre-commercial development phase to initial market entry rather than sustained organic demand. Investors should monitor whether this growth can transition from lumpy, event-driven NFT sales to a more predictable, recurring revenue model.
As reported in quarterly filings, GXAI achieved a 100% gross margin in 2026Q1, a figure that highlights the inherent scalability of digital asset distribution but fails to offset the substantial operating expenses required to maintain the company's current R&D and platform development initiatives.
While the high gross margin profile is typical for software-centric businesses, it remains largely theoretical given the company's inability to achieve operating scale. The lack of meaningful cost of goods sold suggests that the primary challenge is not production efficiency, but rather the high fixed-cost burden of engineering talent.
Based on the income statement data, GXAI's operating margin of -140.8% in 2026Q1 demonstrates a significant disconnect between revenue generation and the company's cost structure, indicating that SG&A expenses continue to outpace the company's ability to monetize its proprietary AI-driven gaming ecosystem effectively.
The company's inability to achieve operating leverage suggests that every dollar of revenue is currently accompanied by a disproportionate increase in overhead. Without a substantial increase in user throughput, the current cost structure appears unsustainable and may necessitate further capital infusions to support ongoing operations.
As indicated by the 2026Q1 financial results, GXAI maintains a heavy reliance on SG&A spending, which reached $3.9 million in the most recent quarter, significantly exceeding the company's total revenue and highlighting a precarious reliance on external financing to fund its ongoing operational burn.
The concentration of costs within SG&A and R&D suggests that management is prioritizing aggressive platform development over immediate profitability. This strategy warrants close investigation, as the current cash burn rate appears to be rapidly depleting the company's limited liquidity reserves.
Based on an analysis of historical trends, the 47,901% year-over-year revenue growth reported in recent filings may be misleading, as it stems from a near-zero base and potentially includes one-time asset sales that do not reflect the long-term viability of the company's AI-integrated gaming model.
Short-term revenue spikes in the digital asset space often fail to translate into long-term enterprise value. Investors should be cautious of the potential for significant margin compression if the company is forced to increase marketing spend or provide incentives to maintain its current user acquisition velocity.
Quick answers to the most common questions about buying GXAI stock.
For fiscal year 2025, Gaxos.ai Inc. (GXAI) reported total revenue of $1.9M.
Gaxos.ai Inc. (GXAI) reported a net loss of $3.9M for the fiscal year ending 2025.
Gaxos.ai Inc. (GXAI) reported an operating income of $-4.9M, resulting in an operating profit margin of -254.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Gaxos.ai Inc. (GXAI) generated $1.7M in gross profit for the year, representing a gross profit margin of 89.4%. This demonstrates the company's core pricing power and production efficiency.