Gaxos.ai (NASDAQ: GXAI), a developer of artificial intelligence (“AI”) applications across multiple sectors, reported financial and operating results for the third quarter ended Sept. 30, 2026, with record consolidated revenue of approximately $2.81 million, an increase of 464.9% from $500,000 in the prior-year period and 14.5% from $2.46 million in the second quarter. Basic and diluted net loss per share attributable to common shareholders narrowed to $0.08 from $0.14 a year earlier. Advertising and marketing expenses declined 16.7% sequentially to $2.62 million, while revenue generated per advertising dollar improved approximately 38% to $1.08 from $0.78 in the previous quarter.
Gaxos ended the quarter with approximately $13.3 million in cash and short-term investments, compared with $11.44 million at June 30, 2026. The company received approximately $3.17 million in net proceeds from warrant exercises during the quarter, issuing approximately 3 million common shares, and did not issue shares through its at-the-market offering program. CEO Vadim Mats said the company remains focused on improving customer acquisition efficiency and expanding products and channels with favorable contribution economics.
To view the full press release, visit https://ibn.fm/oAHzV
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.
NOTE TO INVESTORS: The latest news and updates relating to GXAI are available in the company’s newsroom at https://ibn.fm/GXAI
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