SEC filing · 10-K

Foxx Development Holdings Inc.: Annual report

Foxx Development Holdings reported a 20.2% revenue decline and a widened net loss of $(52,689,938) driven by tariff uncertainty, rising chip costs, and major asset impairments.

Filed September 28, 2026 · period ended June 30, 2026

Negative for the company

What the numbers say

Revenue fell 20% to $52.6M versus the prior year; operating margin narrowed from -14.7% to -83.5%; diluted EPS -$7.61 versus -$1.47; operating cash flow -$358K (a year earlier -$6.6M); cash fell by $402.2K to $1.5M while debt fell by $23.7K; diluted share count up 13% (dilution).

Compared with the same period a year earlier, from the figures Foxx Development Holdings Inc. reported to the SEC.

What happened

Revenues decreased 20.2% to $52,584,432 as tariffs and higher memory chip prices led customers to defer or reduce purchase commitments.

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