NASDAQ : FOXX
Foxx Development Holdings Inc. — Financial statements
Technology · Consumer Electronics · United States
Last price 1.82 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 12.88M
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Financial statements
Foxx Development Holdings Inc. (FOXX) reported revenue of 52.58M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 52.58M | 52.58M | 65.92M | 3.23M | 21.62M | 12.89M |
| Cost of Revenue | 50.89M | 50.89M | 61.14M | 3.11M | 20.51M | 12.44M |
| Gross Profit | 1.69M | 1.69M | 4.77M | 115.94K | 1.11M | 454.58K |
| Selling, General & Admin | 14.99M | 14.99M | 11.34M | 3.15M | 750.47K | 422.95K |
| Research & Development | 2.93M | 2.93M | 2.22M | 91.17K | 272.08K | |
| Operating Expenses | 19.73M | 19.73M | 14.47M | 3.24M | 1.02M | 422.95K |
| Operating Income | -18.04M | -18.04M | -9.70M | -3.13M | 86.23K | 31.62K |
| Interest Expense | -8.76M | -8.76M | -4.96M | -278.33K | -9.28K | |
| Other Non Operating Income (Expenses) | -23.98K | -23.98K | 25.59K | -4.02K | -4.52K | |
| EBT Excluding Unusual Items | -26.82M | -26.82M | -14.63M | -3.41M | 72.43K | 31.62K |
| Asset Writedown | -25.86M | -25.86M | ||||
| Other Unusual Items | 5.69M | 114.60K | ||||
| Pretax Income | -52.68M | -52.68M | -8.94M | -3.41M | 72.43K | 146.22K |
| Income Tax Expense | 10.30K | 10.30K | 76.74K | 19.83K | 14.24K | 1.60K |
| Net Income | -52.69M | -52.69M | -9.02M | -3.43M | 58.19K | 144.62K |
| Net Income to Common | -52.69M | -52.69M | -9.02M | -3.43M | 58.19K | 144.62K |
| Shares Outstanding (Basic) | 6.92M | 6.92M | 6.15M | 3.30M | 1.00M | 1.00M |
| Shares Outstanding (Diluted) | 6.92M | 6.92M | 6.15M | 3.30M | 1.00M | 1.00M |
| EPS (Basic) | -7.61 | -7.61 | -1.47 | -1.04 | 0.06 | 0.14 |
| EPS (Diluted) | -7.61 | -7.61 | -1.47 | -1.04 | 0.06 | 0.14 |
| Free Cash Flow | -357.99K | -357.99K | -6.63M | -4.69M | -36.72K | -287.05K |
| Free Cash Flow Per Share | -0.05 | -0.05 | -1.08 | -1.42 | -0.04 | -0.29 |
| Gross Margin | 3.22% | 3.22% | 7.24% | 3.59% | 5.13% | 3.52% |
| Operating Margin | -34.31% | -34.31% | -14.71% | -96.90% | 0.40% | 0.24% |
| Profit Margin | -100.20% | -100.20% | -13.68% | -106.26% | 0.27% | 1.12% |
| Free Cash Flow Margin | -0.68% | -0.68% | -10.05% | -145.23% | -0.17% | -2.23% |
| EBITDA | -18.00M | -18.00M | -9.65M | -3.09M | 107.05K | 31.93K |
| EBITDA Margin | -34.22% | -34.22% | -14.64% | -95.67% | 0.50% | 0.25% |
| D&A For EBITDA | 46.14K | 46.14K | 47.73K | 39.78K | 20.82K | 305.00 |
| EBIT | -18.04M | -18.04M | -9.70M | -3.13M | 86.23K | 31.62K |
| EBIT Margin | -34.31% | -34.31% | -14.71% | -96.90% | 0.40% | 0.24% |
| Effective Tax Rate | 19.66% | 1.10% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.47M | 1.47M | 1.88M | 587.45K | 1.82M | 21.74K |
| Cash & Short-Term Investments | 1.47M | 1.47M | 1.88M | 587.45K | 1.82M | 21.74K |
| Accounts Receivable | 6.10M | 6.10M | 6.79M | 1.93M | 583.89K | |
| Other Receivables | 8.25K | 8.25K | 149.00K | 11.02K | ||
| Receivables | 6.11M | 6.11M | 6.94M | 1.95M | 583.89K | |
| Inventory | 3.28M | 3.28M | 12.69M | 1.77M | ||
| Prepaid Expenses | 263.92K | 263.92K | 1.70M | 33.23K | 11.41K | |
| Restricted Cash | 3.46K | 3.46K | ||||
| Other Current Assets | 431.26K | 431.26K | 454.84K | |||
| Total Current Assets | 11.56M | 11.56M | 23.65M | 4.33M | 1.84M | 605.64K |
| Property, Plant & Equipment | 11.63M | 11.63M | 1.20M | 548.38K | 173.66K | 279.00 |
| Long-Term Deferred Charges | 462.18K | |||||
| Other Long-Term Assets | 1.16M | 1.16M | 1.16M | 29.91K | ||
| Total Assets | 24.34M | 24.34M | 26.00M | 5.37M | 2.01M | 605.92K |
| Accounts Payable | 33.56M | 33.56M | 26.24M | 1.40M | 84.92K | |
| Accrued Expenses | 6.35M | 6.35M | 3.24M | 429.14K | 23.09K | 2.69K |
| Short-Term Debt | 245.51K | 6.29M | 2.38M | 536.76K | ||
| Current Portion of Long-Term Debt | 24.83K | 24.83K | 23.74K | 19.54K | 15.97K | |
| Current Portion of Leases | 2.29M | 2.29M | 211.53K | 72.53K | ||
| Current Income Taxes Payable | 43.72K | 43.72K | 76.74K | 15.84K | 1.60K | |
| Current Unearned Revenue | 1.91M | 1.91M | 378.00 | 649.45K | 27.00 | 609.23K |
| Other Current Liabilities | 1.52M | 1.52M | 362.41K | 90.25K | 29.36K | 695.00 |
| Total Current Liabilities | 45.70M | 45.70M | 30.40M | 8.95M | 2.47M | 1.24M |
| Long-Term Debt | 48.59K | 48.59K | 73.42K | 95.44K | 114.98K | |
| Long-Term Leases | 35.41M | 35.41M | 889.83K | 332.44K | ||
| Total Liabilities | 81.16M | 81.16M | 31.36M | 9.38M | 2.58M | 1.24M |
| Common Stock | 704.00 | 704.00 | 678.00 | 330.00 | 1.00K | 1.00K |
| Additional Paid-In Capital | 15.93M | 15.93M | 14.69M | 7.02M | 7.02M | 7.02M |
| Retained Earnings | -72.74M | -72.74M | -20.05M | -11.03M | -7.60M | -7.65M |
| Comprehensive Income & Other | -16.68K | -16.68K | -5.00K | |||
| Total Common Equity | -56.82M | -56.82M | -5.36M | -4.00M | -571.79K | -629.99K |
| Minority Interest | 51.00 | 51.00 | ||||
| Shareholders' Equity | -56.82M | -56.82M | -5.36M | -4.00M | -571.79K | -629.99K |
| Total Liabilities & Equity | 24.34M | 24.34M | 26.00M | 5.37M | 2.01M | 605.92K |
| Total Debt | 37.77M | 37.77M | 1.44M | 6.81M | 2.51M | 536.76K |
| Net Cash (Debt) | -36.30M | -36.30M | 431.43K | -6.22M | -688.54K | -515.02K |
| Net Cash Per Share | -5.24 | -5.24 | 0.07 | -1.88 | -0.69 | -0.52 |
| Filing Date Shares Outstanding | 7.07M | 7.07M | 6.78M | 7.28M | 1.00M | 1.00M |
| Total Common Shares Outstanding | 7.04M | 7.04M | 6.78M | 1.00M | 1.00M | 1.00M |
| Working Capital | -34.15M | -34.15M | -6.75M | -4.62M | -630.47K | -630.26K |
| Book Value Per Share | -8.07 | -8.07 | -0.79 | -4.00 | -0.57 | -0.63 |
| Tangible Book Value | -56.82M | -56.82M | -5.36M | -4.00M | -571.79K | -629.99K |
| Tangible Book Value Per Share | -8.07 | -8.07 | -0.79 | -4.00 | -0.57 | -0.63 |
| Machinery | 229.93K | 229.93K | 237.80K | 204.47K | 195.72K | 1.52K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -52.69M | -52.69M | -9.02M | -3.43M | 58.19K | 144.62K |
| Depreciation & Amortization | 1.96M | 1.96M | 262.05K | 72.25K | 20.82K | 305.00 |
| Loss (Gain) From Sale of Assets | -2.79K | -2.79K | 3.40K | |||
| Asset Writedown & Restructuring Costs | 25.86M | 25.86M | ||||
| Stock-Based Compensation | 1.26M | 1.26M | 815.68K | |||
| Provision & Write-off of Bad Debts | 1.81M | 1.81M | 913.19K | |||
| Other Operating Activities | 6.98M | 6.98M | -5.55M | 264.44K | 3.50K | -114.60K |
| Change in Accounts Receivable | -581.36K | -581.36K | -5.90M | -1.93M | ||
| Change in Inventory | 2.43M | 2.43M | -10.92M | -1.77M | ||
| Change in Accounts Payable | 7.31M | 7.31M | 24.85M | 1.40M | -84.92K | -319.87K |
| Change in Unearned Revenue | 1.91M | 1.91M | -649.07K | 649.42K | -609.20K | 609.23K |
| Change in Income Taxes | -33.03K | -33.03K | -226.26K | -15.84K | 14.24K | 1.60K |
| Change in Other Net Operating Assets | 3.43M | 3.43M | -1.14M | 85.68K | 627.55K | -608.33K |
| Operating Cash Flow | -357.99K | -357.99K | -6.56M | -4.68M | 30.18K | -287.05K |
| Capital Expenditures | -68.34K | -8.74K | -66.90K | |||
| Sale of Property, Plant & Equipment | 8.83K | 8.83K | 28.10K | |||
| Investing Cash Flow | 8.83K | 8.83K | -40.24K | -8.74K | -66.90K | |
| Short-Term Debt Issued | 9.00M | 4.00M | 2.00M | 239.00K | ||
| Total Debt Issued | 9.00M | 4.00M | 2.00M | 239.00K | ||
| Short-Term Debt Repaid | -291.21K | -91.23K | -154.32K | |||
| Long-Term Debt Repaid | -23.74K | -23.74K | -17.82K | -15.97K | -5.85K | |
| Total Debt Repaid | -23.74K | -23.74K | -309.03K | -107.20K | -160.17K | |
| Net Debt Issued (Repaid) | -23.74K | -23.74K | 8.69M | 3.89M | 1.84M | 239.00K |
| Issuance of Common Stock | 120.75K | 40.00K | ||||
| Other Financing Activities | -13.22K | -13.22K | -920.90K | -441.38K | ||
| Financing Cash Flow | -36.96K | -36.96K | 7.89M | 3.45M | 1.84M | 279.00K |
| Foreign Exchange Rate Adjustments | -12.60K | -12.60K | -2.46K | |||
| Net Cash Flow | -398.73K | -398.73K | 1.29M | -1.24M | 1.80M | -8.05K |
| Free Cash Flow | -357.99K | -357.99K | -6.63M | -4.69M | -36.72K | -287.05K |
| Free Cash Flow Margin | -0.68% | -0.68% | -10.05% | -145.23% | -0.17% | -2.23% |
| Free Cash Flow Per Share | -0.05 | -0.05 | -1.08 | -1.42 | -0.04 | -0.29 |
| Levered Free Cash Flow | 11.63M | 11.63M | 1.18M | -3.30M | -56.32K | |
| Unlevered Free Cash Flow | 17.11M | 17.11M | 4.28M | -3.13M | -50.52K | |
| Cash Interest Paid | 5.59M | 5.59M | 2.51M | 13.66K | 7.10K | |
| Cash Income Tax Paid | 42.33K | 42.33K | 850.00 | 35.67K | ||
| Change in Working Capital | 14.46M | 14.46M | 6.01M | -1.59M | -52.33K | -317.37K |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.23M | 23.02M | 37.23M | 11.39M | ||
| Enterprise Value | 49.53M | 57.76M | 34.94M | 12.08M | ||
| Last Close Price | 1.87 | 3.27 | 5.49 | 11.39 | 10.83 | |
| PS Ratio | 0.25 | 0.44 | 0.56 | 3.53 | ||
| PB Ratio | -0.41 | -6.94 | -2.85 | |||
| EV/Sales Ratio | 0.94 | 1.10 | 0.53 | 3.74 | ||
| Debt / Equity Ratio | -0.67 | -0.67 | -0.27 | -1.70 | -4.40 | -0.85 |
| Debt / EBITDA Ratio | 23.48 | 16.81 | ||||
| Net Debt / Equity Ratio | -0.64 | -0.64 | 0.08 | -1.55 | -1.20 | -0.82 |
| Net Debt / EBITDA Ratio | -2.02 | -2.02 | 0.04 | -2.02 | 6.43 | 16.13 |
| Net Debt / FCF Ratio | -101.39 | -101.39 | 0.07 | -1.33 | -18.75 | -1.79 |
| Asset Turnover | 2.09 | 2.09 | 4.20 | 0.87 | 16.53 | |
| Inventory Turnover | 6.38 | 6.38 | 8.46 | |||
| Quick Ratio | 0.17 | 0.17 | 0.29 | 0.28 | 0.74 | 0.49 |
| Current Ratio | 0.25 | 0.25 | 0.78 | 0.48 | 0.74 | 0.49 |
| Return on Assets (ROA) | -44.80% | -44.80% | -38.64% | -52.96% | 4.12% | |
| Return on Capital Employed (ROCE) | 84.40% | 84.40% | 220.30% | 87.50% | -18.90% | -5.00% |
| Earnings Yield | -407.06% | -228.84% | -24.23% | -30.12% | ||
| FCF Yield | -2.71% | -1.55% | -17.81% | -41.17% | ||
| Buyback Yield / Dilution | -12.58% | -12.58% | -86.13% | -229.79% | -0.17% |