Gaxos.ai Q3 Revenue Soars 465% to $2.81M, Net Loss Narrows

Gaxos.ai (NASDAQ: GXAI), a developer of artificial intelligence applications across multiple sectors, announced record financial and operating results for the third quarter ended September 30, 2026. The company reported consolidated revenue of approximately $2.81 million, a staggering 464.9% increase from $500,000 in the prior-year period and a 14.5% rise 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, reflecting improved operational efficiency. 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, underscoring the company's focus on customer acquisition efficiency.

Gaxos ended the quarter with a strong balance sheet, holding approximately $13.3 million in cash and short-term investments, up from $11.44 million at June 30, 2026. The company received approximately $3.17 million in net proceeds from warrant exercises during the quarter, issuing about 3 million common shares, and did not issue any shares through its at-the-market offering program. CEO Vadim Mats emphasized that the company remains focused on improving customer acquisition efficiency and expanding products and channels with favorable contribution economics. Gaxos operates through Gaxos Labs, which develops and commercializes AI-powered applications, and RNK Health, a majority-owned subsidiary offering personalized weight loss, longevity, and performance treatments. Additionally, Gaxos holds a strategic minority investment in America First Defense.AI, a defense-technology company developing next-generation counter-UAS and robotic platforms.

For investors seeking the latest news and updates relating to GXAI, the company maintains a newsroom at https://ibn.fm/GXAI. The full press release is available at https://ibn.fm/oAHzV. The release was distributed by InvestorWire, a specialized communications platform focused on advanced wire-grade press release syndication. InvestorWire is part of the Dynamic Brand Portfolio @ IBN, which offers access to a vast network of wire solutions, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, social media distribution via IBN to millions of followers, and a full array of tailored corporate communications solutions. This comprehensive suite ensures that clients like Gaxos.ai can reach a wide audience of investors, influencers, consumers, journalists, and the general public, cutting through the overload of information in today's market to bring unparalleled recognition and brand awareness.