Foxx Development Holdings Inc.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 13, 2026
FOXX$1.50-6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
| For the Three Months Ended · For the Six Months Ended | |||||
|---|---|---|---|---|---|
| December 31, · December 31, · December 31, · December 31, | |||||
| 2025 · 2024 · 2025 · 2024 | |||||
| (Unaudited) · (Unaudited) · (Unaudited) · (Unaudited) | |||||
| REVENUES, NET | $16,716,572 | $17,480,231 | $36,939,873 | $40,592,283 | |
| COST OF GOODS SOLD | 14,499,792 | 15,289,565 | 31,978,526 | 38,003,441 | |
| GROSS PROFIT | 2,216,780 | 2,190,666 | 4,961,347 | 2,588,842 | |
| OPERATING EXPENSES: | |||||
| Selling expenses | 1,142,567 | 1,626,740 | 2,044,223 | 2,841,782 | |
| General and administrative expenses | 3,103,576 | 2,042,169 | 5,532,249 | 3,003,416 | |
| Research and development - related party | - | 45,584 | - | 68,376 | |
| Research and development | 193,208 | 717,273 | 499,640 | 724,301 | |
| Total Operating Expenses | 4,439,351 | 4,431,766 | 8,076,112 | 6,637,875 | |
| LOSS FROM OPERATIONS | (2,222,571) | (2,241,100) | (3,114,765) | (4,049,033) | |
| OTHER (EXPENSE) INCOME | |||||
| Interest expense | (2,003,236) | (1,042,198) | (4,015,141) | (1,451,193) | |
| Other (expense) income, net | (60,107) | 1,861 | (21,450) | 1,861 | |
| Change in fair value of earnout liabilities | - | 4,705,583 | - | 4,655,722 | |
| Total Other (Expense) Income, net | (2,063,343) | 3,665,246 | (4,036,591) | 3,206,390 | |
| (LOSS) INCOME BFORE INCOME TAXES | (4,285,914) | 1,424,146 | (7,151,356) | (842,643) | |
| PROVISION FOR INCOME TAXES | - | - | - | - | |
| NET (LOSS) INCOME | (4,285,914) | 1,424,146 | (7,151,356) | (842,643) | |
| OTHER COMPREHENSIVE (LOSS) INCOME | |||||
| Foreign currency translation adjustment | (2,266) | - | (8,791) | - | |
| COMPREHENSIVE (LOSS) INCOME | $(4,288,180) | $1,424,146 | $(7,160,147) | $(842,643) | |
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES | |||||
| Basic | 6,892,729 | 7,280,366 | 6,836,356 | 5,389,365 | * |
| Diluted | 6,892,729 | 7,280,366 | 6,836,356 | 5,389,365 | * |
| (LOSS) INCOME PER SHARE | |||||
| Basic | $(0.62) | $0.20 | $(1.05) | $(0.16) | |
| Diluted | $(0.62) | $0.20 | $(1.05) | $(0.16) | |
| * | Giving retroactive effect to reverse recapitalization effected on September 26, 2024 to reflect exchange ratio of approximately 3.3033 as described in Note 4. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.