GAXOS.AI Inc. reported its financial results for the second quarter of 2025, revealing a revenue of $170,971, a significant increase from $0 in the same period last year. For the first half of 2025, the company generated $194,703 in revenue, compared to just $19 in the first half of 2024. The revenue growth is primarily attributed to the company's subsidiary, RNK Health, which provides non-clinical services to support patient care, contributing $170,398 in the latest quarter. Despite this revenue increase, GAXOS.AI recorded a net loss of $824,572 for the second quarter, slightly higher than the $809,238 loss reported in the same quarter of 2024.
Operating expenses for GAXOS.AI increased by 35% year-over-year, totaling $1,153,665 for the second quarter of 2025, driven by higher general and administrative costs, which rose to $910,645 from $605,162 in the prior year. The company’s research and development expenses remained relatively stable, decreasing slightly to $243,020 from $249,341. The overall increase in operating expenses reflects the company's ongoing investments in its technology and product development initiatives, particularly in the gaming and health sectors.
In terms of strategic developments, GAXOS.AI has been actively expanding its product offerings. The company launched its generative AI service, Gaxos Labs, in September 2024, aimed at empowering game developers. Additionally, GAXOS.AI has introduced several proprietary games, including Space Striker AI and Brawl Bots, which leverage AI to enhance user experience. The company is also focusing on its health initiative, Gaxos Health, which aims to provide personalized health optimization solutions through AI technology.
As of June 30, 2025, GAXOS.AI reported total assets of $15,399,890, a decrease from $17,024,536 at the end of 2024. The company’s cash balance significantly declined to $1,718,964 from $14,398,099, primarily due to substantial investments in short-term securities and operational expenses. The company’s working capital stood at $13,992,440, indicating a solid liquidity position to support its ongoing operations. GAXOS.AI anticipates continued operating losses as it implements its growth strategy, but management believes that existing cash and investments will be sufficient to meet operational needs for the next twelve months.
Looking ahead, GAXOS.AI plans to further develop its gaming and health platforms, aiming to achieve a critical mass of users to enhance revenue generation. The company is also exploring additional financing options to support its growth initiatives and sustain operations. With a focus on innovation and market expansion, GAXOS.AI is positioning itself to capitalize on emerging opportunities in the AI-driven gaming and health sectors.
About GAXOS.AI INC.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.