FOXX on Nasdaq
Foxx Development Holdings Inc.
American computer communications equipment company, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerFOXX on Nasdaq1
- IndustryComputer Communications Equipment1
- HeadquartersAustin, Texas1
- Incorporated inDE3
- Business address13284 Pond Springs Rd, Ste 405, Austin, Tx 787293
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
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8,544 tablets and 2,126,383 smartphones sold, generating approximately $60.4 million in revenue.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue95¢$50.9M
- Research and development5¢$2.9M
- Income tax0¢$10.3K
Out of $52.6M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| REVENUES, NET | $52.6M | $65.9M |
| COST OF GOODS SOLD | $50.9M | $61.1M |
| GROSS PROFIT | $1.7M | $4.8M |
| Selling expenses | $4.0M | $5.2M |
| General and administrative expenses | $11.0M | $6.2M |
| Research and development - related party | $136.8K | |
| Research and development | $2.9M | $2.1M |
| Provision of credit losses | $1.8M | $913.2K |
| Impairments of right-of-use assets | $25.9M | |
| Total Operating Expenses | $45.6M | $14.5M |
| LOSS FROM OPERATIONS | -$43.9M | -$9.7M |
| Interest expense | -$8.8M | -$5.0M |
| Other (expense) income, net | -$24.0K | $25.6K |
| Change in fair value of earnout liabilities | $5.7M | |
| Total Other (Expense) Income, net | -$8.8M | $754.5K |
| LOSS BFORE INCOME TAXES | -$52.7M | -$8.9M |
| PROVISION FOR INCOME TAXES | $10.3K | $76.7K |
| Less: net loss attributable to non-controlling interests | -$4 | |
| NET LOSS ATTRIBUTABLE TO FOXX DEVELOPMENT HOLDINGS INC.S STOCKHOLDERS | -$52.7M | -$9.0M |
| NET LOSS | -$52.7M | -$9.0M |
| Foreign currency translation adjustment | -$11.7K | -$5.0K |
| COMPREHENSIVE LOSS | -$52.7M | -$9.0M |
| Less: total comprehensive loss attributable to noncontrolling interests | -$4 | |
| TOTAL COMPREHENSIVE LOSS ATTRIBUTABLE TO FOXX DEVELOPMENT HOLDINGS INC.S STOCKHOLDERS | -$52.7M | -$9.0M |
| Basic | 6.9M shares | 6.1M shares |
| Diluted | 6.9M shares | 6.1M shares |
| Basic | -$7.61 | -$1.47 |
| Diluted | -$7.61 | -$1.47 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Cash | $1.5M | $1.9M | |
| Restricted cash | $3.5K | ||
| Accounts receivable, net of allowance for credit losses of $1,888,104 and $595,907, as of June 30, 2026 and 2025, respectively | $6.1M | $6.8M | |
| Inventories | $3.3M | $12.7M | |
| Advance to suppliers | $431.3K | $454.8K | |
| Prepaid expenses and other receivables, net of allowance for credit losses of $836,931 and $317,282, as of June 30, 2026 and 2025, respectively | $272.2K | $1.8M | |
| Total Current Assets | $11.6M | $23.6M | |
| PROPERTY AND EQUIPMENT, NET | $79.5K | $131.7K | |
| Operating right-of-use assets | $11.5M | $1.1M | |
| Security deposits | $1.2M | $1.2M | |
| Total Non-current Assets | $12.7M | $2.2M | |
| Total Assets | $24.3M | $26.0M | |
| Accounts payable | $33.6M | $26.2M | |
| Other payables and accrued liabilities | $7.9M | $3.6M | |
| Contract liabilities | $1.9M | $378 | $649.5K |
| Income taxes payable | $43.7K | $76.7K | |
| Current maturity of long-term loan | $24.8K | $23.7K | |
| Operating lease liabilities - current | $2.3M | $211.5K | |
| Total Current Liabilities | $45.7M | $30.4M | |
| Operating lease liabilities - non-current | $35.4M | $889.8K | |
| Long-term loan - non-current | $48.6K | $73.4K | |
| Total Non-current Liabilities | $35.5M | $963.2K | |
| Total Liabilities | $81.2M | $31.4M | |
| Common stock, $0.0001 par value, 50,000,000 shares authorized as of June 30, 2026 and 2025; 7,041,192 and 6,780,597 shares issued and outstanding as of June 30, 2026 and 2025, respectively | $704 | $678 | |
| Additional paid-in capital | $15.9M | $14.7M | |
| Accumulated deficit | -$72.7M | -$20.0M | |
| Accumulated other comprehensive loss | -$16.7K | -$5.0K | |
| Total Foxx Development Holdings Inc. Stockholders Deficit | -$56.8M | -$5.4M | |
| Non-controlling interests | $51 | ||
| Total Stockholders Deficit | -$56.8M | -$5.4M | -$4.0M |
| Total Liabilities and Stockholders Deficit | $24.3M | $26.0M | |
| Accounts receivable, net of allowance for credit losses | $1.9M | $595.9K | |
| Prepaid expenses and other receivables, net of allowance for credit losses | $836.9K | $317.3K | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | |
| Common stock, shares issued (in Shares) | 7.0M shares | 6.8M shares | |
| Common stock, shares outstanding (in Shares) | 7.0M shares | 6.8M shares |
| Period ending | 2026-06-30 | 2025-06-30 | 2024-06-30 |
|---|---|---|---|
| Cash | $1.5M | $1.9M | |
| Restricted cash | $3.5K | ||
| Accounts receivable, net of allowance for credit losses of $1,888,104 and $595,907, as of June 30, 2026 and 2025, respectively | $6.1M | $6.8M | |
| Inventories | $3.3M | $12.7M | |
| Advance to suppliers | $431.3K | $454.8K | |
| Prepaid expenses and other receivables, net of allowance for credit losses of $836,931 and $317,282, as of June 30, 2026 and 2025, respectively | $272.2K | $1.8M | |
| Total Current Assets | $11.6M | $23.6M | |
| PROPERTY AND EQUIPMENT, NET | $79.5K | $131.7K | |
| Operating right-of-use assets | $11.5M | $1.1M | |
| Security deposits | $1.2M | $1.2M | |
| Total Non-current Assets | $12.7M | $2.2M | |
| Total Assets | $24.3M | $26.0M | |
| Accounts payable | $33.6M | $26.2M | |
| Other payables and accrued liabilities | $7.9M | $3.6M | |
| Contract liabilities | $1.9M | $378 | $649.5K |
| Income taxes payable | $43.7K | $76.7K | |
| Current maturity of long-term loan | $24.8K | $23.7K | |
| Operating lease liabilities - current | $2.3M | $211.5K | |
| Total Current Liabilities | $45.7M | $30.4M | |
| Operating lease liabilities - non-current | $35.4M | $889.8K | |
| Long-term loan - non-current | $48.6K | $73.4K | |
| Total Non-current Liabilities | $35.5M | $963.2K | |
| Total Liabilities | $81.2M | $31.4M | |
| Common stock, $0.0001 par value, 50,000,000 shares authorized as of June 30, 2026 and 2025; 7,041,192 and 6,780,597 shares issued and outstanding as of June 30, 2026 and 2025, respectively | $704 | $678 | |
| Additional paid-in capital | $15.9M | $14.7M | |
| Accumulated deficit | -$72.7M | -$20.0M | |
| Accumulated other comprehensive loss | -$16.7K | -$5.0K | |
| Total Foxx Development Holdings Inc. Stockholders Deficit | -$56.8M | -$5.4M | |
| Non-controlling interests | $51 | ||
| Total Stockholders Deficit | -$56.8M | -$5.4M | -$4.0M |
| Total Liabilities and Stockholders Deficit | $24.3M | $26.0M | |
| Accounts receivable, net of allowance for credit losses | $1.9M | $595.9K | |
| Prepaid expenses and other receivables, net of allowance for credit losses | $836.9K | $317.3K | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in Shares) | 50.0M shares | 50.0M shares | |
| Common stock, shares issued (in Shares) | 7.0M shares | 6.8M shares | |
| Common stock, shares outstanding (in Shares) | 7.0M shares | 6.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-06-30 | 2025-06-30 |
|---|---|---|
| NET LOSS | -$52.7M | -$9.0M |
| Depreciation | $46.1K | $47.7K |
| Interest expense from convertible promissory notes | $140.7K | |
| Amortization of operating right-of-use assets | $1.9M | $214.3K |
| Provision of credit losses | $1.8M | $913.2K |
| Stock-based compensation expenses | $1.3M | $815.7K |
| Change in fair value of earnout liabilities | -$5.7M | |
| (Gain) loss on disposal of equipment | -$2.8K | $3.4K |
| Impairments of inventories | $7.0M | |
| Impairments of right-of-use assets | $25.9M | |
| Accounts receivable | -$604.9K | -$7.1M |
| Inventories | $2.4M | -$10.9M |
| Advance to suppliers | $23.6K | $1.2M |
| Prepaid expenses and other current assets | $1.0M | -$2.0M |
| Amount due from related parties - current | $8.0K | -$7.9K |
| Security deposits | -$500 | -$1.1M |
| Accounts payable | $7.3M | $24.8M |
| Contract liabilities | $1.9M | -$649.1K |
| Income taxes payable | -$33.0K | -$226.3K |
| Other payables and accrued liabilities | $4.3M | $2.4M |
| Other payable - related parties | -$268.5K | -$150.8K |
| Operating lease liabilities | -$1.7M | -$175.6K |
| Net cash used in operating activities | -$358.0K | -$6.6M |
| Purchases of property and equipment | -$68.3K | |
| Proceeds from disposal of equipment | $8.8K | $28.1K |
| Net cash provided by (used in) investing activities | $8.8K | -$40.2K |
| Repayments to short-term loans | -$291.2K | |
| Principal payments of long-term loan | -$23.7K | -$17.8K |
| Proceeds from convertible promissory note | $9.0M | |
| Proceeds from reverse recapitalization, net of payments of transaction costs | $19.7M | |
| Proceeds from issuance of common stock through exercise of warrants | $120.8K | |
| Proceeds from contribution from non-controlling interest stockholder | $55 | |
| Payments for employee taxes related to stock compensation | -$13.3K | |
| Payment of redemption payable | -$20.5M | |
| Payments of deferred transaction costs | -$131.4K | |
| Net cash (used in) provided by financing activities | -$37.0K | $7.9M |
| EFFECT OF EXCHANGE RATE CHANGES | -$12.6K | -$2.5K |
| NET CHANGE IN CASH | -$398.7K | $1.3M |
| Cash paid for income tax | $42.3K | $850 |
| Cash paid for interest | $5.6M | $2.5M |
| Initial recognition of operating right-of-use assets and lease liabilities | $38.3M | $750.3K |
| Modification of operating right-of-use assets and lease liabilities | $121.7K | |
| Conversion of convertible promissory notes into common stock | $15.4M | |
| Reverse recapitalization transaction costs net against additional-paid in capital | $893.6K | |
| Deferred transaction costs included in other payables and accrued liabilities | $300.0K | |
| Initial recognition of earnout liabilities | $5.7M | |
| Conversion from employee advance to receivable from a third party | $19.5K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Foxx Development Holdings Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerGreg Foley Sep 27, 2024 to now9
- ChairJoy Yi Hua Sep 26, 2024 to Sep 26, 202410
- Chief financial officerJoy Yi Hua Sep 26, 2024 to Sep 26, 202410
Board members and other officers (6)
- Chief Technology OfficerJames Liao Sep 27, 2024 to now11
- Board memberMichelle Jie Shen Jan 20, 2026 to now12
- Board memberEdmund R. Miller Sep 26, 2024 to Sep 26, 202413
- Board memberJeff Feng Jiang Sep 27, 2024 to Nov 25, 202414
- Board memberYiqing Miao Sep 27, 2024 to now15
- Board memberJohn Chiang Nov 25, 2024 to Nov 25, 202416
Former names
- Acri Capital Merger Sub I Inc.Apr 8, 2024 to Jul 29, 20243
Timeline
- Sep 27, 2024New chief executive Greg Foley becomes CEO9
Filings
96 filings to the SEC since October 2021: 3 annual reports, 6 quarterly reports, 17 major events, 20 insider forms, 14 large holders, 36 other. The latest 20:
- Sep 28, 202610-K ANNUAL REPORT EDGAR
- Aug 18, 20268-K CURRENT REPORT EDGAR
- Aug 17, 2026144 EDGAR
- Aug 10, 20264 EDGAR
- Jul 29, 20268-K CURRENT REPORT EDGAR
- Jun 5, 20264 EDGAR
- Jun 1, 2026144 EDGAR
- May 28, 2026SD SPECIALIZED DISCLOSURE REPORT EDGAR
- May 20, 202610-Q QUARTERLY REPORT EDGAR
- May 18, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- May 14, 2026SCHEDULE 13G EDGAR
- May 8, 2026SCHEDULE 13D EDGAR
- May 8, 2026SCHEDULE 13D EDGAR
- May 7, 20264 EDGAR
- May 5, 2026SCHEDULE 13D/A EDGAR
- May 5, 2026SCHEDULE 13D/A EDGAR
- Mar 24, 20264 EDGAR
- Mar 20, 20264 EDGAR
- Mar 18, 20264 EDGAR
- Mar 18, 20264 EDGAR
The 96 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 0 buys and 10 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 4, 2026 | Liao JamesChief Technology Officer | Sale | 1,943 | $6.15 | $11.9K | Form 4 |
| Mar 20, 2026 | Cui HaitaoExecutive Vice President | Sale | 3,291 | $4.54 | $14.9K | Form 4 |
| Mar 19, 2026 | Cui HaitaoExecutive Vice President | Sale | 603 | $4.56 | $2.8K | Form 4 |
| Mar 18, 2026 | Cui HaitaoExecutive Vice President | Sale | 156 | $4.50 | $702 | Form 4 |
| Mar 17, 2026 | Cui HaitaoExecutive Vice President | Sale | 117 | $4.00 | $468 | Form 4 |
| Mar 16, 2026 | Cui HaitaoExecutive Vice President | Sale | 3,888 | $4.04 | $15.7K | Form 4 |
| Mar 16, 2026 | Foley GregChief Executive Officer | Sale | 2,584 | $3.98 | $10.3K | Form 4 |
| Mar 13, 2026 | Cui HaitaoExecutive Vice President | Sale | 101 | $4.00 | $404 | Form 4 |
| Mar 11, 2026 | Foley GregChief Executive Officer | Sale | 5,013 | $4.02 | $20.2K | Form 4 |
| Feb 19, 2026 | Liao JamesChief Technology Officer | Sale | 9,716 | $4.61 | $44.8K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CLEAR STREET LLCSCHEDULE 13G, 1 filing May 14, 202617
- BayRoad Holdings Ltd.SCHEDULE 13D, 1 filing May 8, 202618
- Grazyna Plawinski LtdSCHEDULE 13D, 1 filing May 8, 202619
- Joy Yi HuaSCHEDULE 13D/A, 2 filings Sep 26, 2024 to May 5, 202620
- New Bay Capital LtdSCHEDULE 13D/A, 2 filings Oct 7, 2024 to May 5, 202621
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 3 filings Feb 11, 2025 to Feb 17, 202622
- Alta Partners LLCSCHEDULE 13G, 1 filing Nov 26, 202523
- AQR CAPITAL MANAGEMENT LLCSC 13G/A, 1 filing Nov 13, 202424
- BR Technologies Pte. Ltd.SC 13D, 1 filing Oct 7, 202425
- BRR Investment CorpSC 13D, 1 filing Sep 27, 202426
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Jane Street Group, LLC | 22,765 | $74.4K | 0.0% | New |
| Citadel Advisors LLC | 15,630 | $51.1K | 0.0% | −14,020 |
| Geode Capital Management, LLC | 14,464 | $47.3K | 0.0% | −3,217 |
| Vanguard Capital Management LLC | 8,313 | $27.2K | 0.0% | No change |
| Vanguard Fiduciary Trust Co | 3,787 | $12.4K | 0.0% | No change |
| BlackRock, Inc. | 3,776 | $12.3K | 0.0% | +380 |
| Tower Research Capital LLC (TRC) | 1,588 | $5.2K | 0.0% | +601 |
| Caitong International Asset Management Co., Ltd | 312 | $1.0K | 0.0% | New |
| Wolverine Asset Management LLC | 172 | $562 | 0.0% | No change |
| Clear Street Group Inc. | 100 | $327 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9SEC EDGARGreg Foley, Chief executive officer
- 10SEC EDGARJoy Yi Hua, Chair
- 11SEC EDGARJames Liao, Chief Technology Officer
- 12SEC EDGARMichelle Jie Shen, Board member
- 13SEC EDGAREdmund R. Miller, Board member
- 14SEC EDGARJeff Feng Jiang, Board member
- 15SEC EDGARYiqing Miao, Board member
- 16SEC EDGARJohn Chiang, Board member
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