Foxx Development Holdings Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Foxx Development Holdings Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
FY2026
Revenue
21.6
3.23
65.9
52.6
Cost of revenue
20.5
3.11
61.1
50.9
Gross profit
1.11
0.12
4.77
1.69
Research and development
0.27
0.09
2.08
2.93
General and administrative
0.49
2.08
6.16
11
Operating expenses
1.02
3.24
14.5
45.6
Operating income
0.09
-3.13
-9.7
-43.9
Interest expense
0.01
0.28
4.96
8.76
Other non-operating income
-0.01
-0.28
0.75
-8.78
Pre-tax income
0.07
-3.41
-8.94
-52.7
Income tax
0.01
0.02
0.08
0.01
Net income to minority interests
-0
Net income
0.06
-3.43
-9.02
-52.7
EBITDA
0.11
-3.09
-9.65
-43.9
EPS, basic
0.02
-1.04
-1.47
-7.61
EPS, diluted
0.02
-1.04
-1.47
-7.61
Shares, basic (weighted)
3.3
3.3
6.15
6.92
Shares, diluted (weighted)
3.3
3.3
6.15
6.92
Balance sheet
FY2024
FY2024
FY2025
FY2026
Cash and equivalents
1.82
0.59
1.88
1.47
Receivables
0.25
6.79
6.1
Inventory
1.77
12.7
3.28
Other current assets
0.01
0.04
1.84
0.27
Total current assets
1.84
4.33
23.6
11.6
Property, plant and equipment
0.17
0.14
0.13
0.08
Lease right-of-use assets
0.41
1.06
11.5
Total assets
2.01
5.37
26
24.3
Accounts payable
1.4
26.2
33.6
Deferred revenue
0
0.65
0
1.91
Short-term debt
0.29
0.02
0.02
0.02
Total current liabilities
2.47
8.95
30.4
45.7
Long-term debt
0.1
0.07
0.05
Lease liabilities
0.33
0.89
35.4
Total liabilities
2.58
9.38
31.4
81.2
Total debt
0.11
0.1
0.07
Paid-in capital
7.02
7.02
14.7
15.9
Retained earnings
-7.6
-11
-20
-72.7
Other comprehensive income
-0.01
-0.02
Shareholders' equity
-0.57
-4
-5.36
-56.8
Minority interests
0
Total equity
-0.57
-4
-5.36
-56.8
Total liabilities and equity
2.01
5.37
26
24.3
Shares outstanding
3.3
3.3
6.78
7.04
Cash flow statement
FY2024
FY2024
FY2025
FY2026
Net income
0.06
-3.43
-9.02
-52.7
Depreciation and amortization
0.02
0.04
0.05
0.05
Stock-based compensation
0.82
1.26
Change in receivables
-0.25
-7.13
-0.6
Change in inventory
-1.77
-10.9
2.43
Change in payables
1.4
24.8
7.31
Cash from operations
0.03
-4.68
-6.56
-0.36
Capital expenditures
-0.07
-0.01
-0.07
Cash from investing
-0.07
-0.01
-0.04
0.01
Stock issued
19.7
Cash from financing
1.84
3.45
7.89
-0.04
Exchange rate effect
-0
-0.01
Net change in cash
1.8
-1.24
1.29
-0.4
Free cash flow
-0.04
-4.69
-6.63
Interest paid
0.01
0.01
2.51
5.59
Income taxes paid
0.04
0
0.04
Key metrics
Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $1.37 on November 11, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
3.2%
Gross profit / revenue.
Operating margin
-83.5%
Operating income / revenue.
EBITDA margin
-83.4%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-100.2%
Pre-tax income / revenue.
Net margin
-100.2%
Net income / revenue.
Operating cash flow margin
-0.7%
Cash from operations / revenue.
Return on assets (ROA)
-209.3%
Net income / average total assets.
R&D / revenue
5.6%
Research and development expense / revenue.
Stock-based pay / revenue
2.4%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
0.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-20.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
34.5%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-64.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
15.1%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-6.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
129.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
12.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
28.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.25x
Current assets / current liabilities.
Quick ratio
0.17x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Debt / assets
0.3%
Total debt / total assets.
Liabilities / assets
333.4%
Total liabilities / total assets.
Net debt
-$1.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$7.61
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$7.61
Net income per basic share, as reported (split-adjusted).
Revenue per share
$7.60
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.05
Cash from operations / diluted weighted shares.
Book value per share
-$8.07
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.18x
Market cap / revenue.
EV/Sales
0.16x
Enterprise value / revenue.
Earnings yield
-546.2%
Net income / market cap (the inverse of P/E).
What was Foxx Development Holdings Inc.'s revenue in fiscal 2026?
Foxx Development Holdings Inc. reported revenue of $52.6M for fiscal 2026, 20.2% lower than the year before.
Was Foxx Development Holdings Inc. profitable in fiscal 2026?
No. It reported a net loss of $52.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.