Filing Flows › Foxx Development Holdings (FOXX) › Q1 FY26
Foxx Development Holdings (FOXX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 18, 2025
Foxx Development Holdings (FOXX) reported revenue of $20.2M for the first quarter fiscal 2026 (Q1 FY26), -12% from a year earlier and +45% from the quarter before. Operating margin was -4.4%, net loss $2.9M (14.2% of revenue).
Foxx Development Holdings, Q1 FY26: revenue $20.2M (-12% year over year), operating margin -4.4%, net loss $2.9M, operating cash flow −$377K. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.2M | +45% | -12% |
| Operating profit | −$892K | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$377K | — | — |
What changed
Revenue was $20.2M in Q1 FY26, down 12% year over year and up 45% from the previous quarter.
Gross margin was 13.6%, up 11.8 points from a year earlier. Operating costs exceeded revenue by $892K, an operating margin of -4.4%. Operating expenses grew 65% against a revenue fall of 12%. The fastest-growing cost line was Research & development (+4260%). The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $4.1M loss. Net interest and other expense of $2.0M was the main reason.
Operating cash flow was −$377K. Non-cash charges added back $12K of depreciation and $297K of share-based compensation. Working capital and other items added $2.2M.
Questions
What was Foxx Development Holdings' revenue in the first quarter fiscal 2026?
Foxx Development Holdings (FOXX) reported revenue of $20.2M for the first quarter fiscal 2026 (Q1 FY26), -12% from a year earlier and +45% from the quarter before.
Was Foxx Development Holdings profitable in the first quarter fiscal 2026?
Operating loss was $892K (-4.4% of revenue) and net loss $2.9M.