Foxx Development
Designs and distributes Foxx-branded phones and connected devices.
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Profile
Provides Foxx-branded smartphones, tablets, wearables, and connected-device solutions through U.S. wholesale and online channels. Revenue comes mainly from reselling devices built to its specifications by outside partners, supplemented by app-installation commissions and tied to mobile-phone sales, channel access, and certification.
Defines, sources, and distributes Foxx-branded smartphones, tablets, wearables, and connected-device solutions. Its U.S. business sells through wholesale distributors, mobile-network operators, and e-commerce, while app-installation commissions provide a service revenue stream. Partner work combines sensors, mobile applications, and cloud connectivity, as shown by the Smart Water Leak Detector.
Supplies hardware and software specifications to external original design manufacturers, uses third parties for testing and certifications, then purchases finished devices for resale and after-sales support. Mobile phones provide most revenue, and sales depend on a concentrated group of wholesale customers, supplier relationships, required device certifications, and the shift toward dropshipping.
Company facts
Key statistics
Year to date −34.5% · Average volume (30d) 13.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 20, 2026Q3 FY26 | — | −$1.49 | — | — | $8.7M | — | +0.51% |
| Feb 13, 2026Q2 FY26 | — | −$0.62 | — | — | $16.7M | — | −4.05% |
| Nov 18, 2025Q1 FY26 | — | −$0.42 | — | — | $20.2M | — | −8.06% |
| Oct 14, 2025Q1 FY26 | — | −$0.64 | — | — | $13.9M | — | −3.56% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $17.5M | $11.4M | $13.9M | $20.2M | $16.7M | $8.7M | |
| Gross profit | $2.2M | $663.3K | $1.5M | $2.7M | $2.2M | −$1.5M | |
| Operating income | −$2.2M | −$3.6M | −$2.1M | −$892.2K | −$2.2M | −$8.1M | |
| Net income | $1.4M | −$4.1M | −$4.1M | −$2.9M | −$4.3M | −$36.3M | |
| Diluted EPS | $0.20 | −$0.58 | −$0.60 | −$0.42 | −$0.62 | −$5.19 | |
| Gross margin | 12.5% | 5.8% | 10.9% | 13.6% | 13.3% | -16.7% | |
| Operating margin | -12.8% | -31.3% | -15.0% | -4.4% | -13.3% | -93.6% |
Fiscal years (4-quarter sums)FY23 $0 · FY24 $3.2M · FY25 $65.9M
Revenue by product · Q3 FY26
Balance sheet, Mar 31, 2026Cash & short-term investments $3.2M · Total debt $37.9M · Total assets $28.1M · Shareholders' equity −$47.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 7.04M · Float 1.26M · 17.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BayRoad Holdings Limited | 3.18M | 33.43% | 13D | May 8, 2026 |
| New Bay Capital (Cayman) Corporation | 2.93M | 31.49% | 13D | May 5, 2026 |
| Grazyna Plawinski Limited | 2.51M | 28.34% | 13D | May 8, 2026 |
| Joy Yi Hua | 2.38M | 28.98% | 13D | May 5, 2026 |
| Lapistone Trust LLC, Trustee of Durabilis Trust, Owner of BRR Investment Corporation | 2.31M | 31.81% | 13D | Sep 27, 2024 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 4, 2026 | James Liao | officer: Chief Technology Officer | −1,943 | $6.15 |
| Mar 20, 2026 | Haitao Cui | director, officer: Executive Vice President | −3,291 | $4.54 |
| Mar 19, 2026 | Haitao Cui | director, officer: Executive Vice President | −603 | $4.56 |
| Mar 18, 2026 | Haitao Cui | director, officer: Executive Vice President | −156 | $4.50 |
| Mar 16, 2026 | Greg Foley | officer: Chief Executive Officer | −2,584 | $3.98 |
Peers
- Inseego
5G hotspots, routers and IoT platforms overlap in carrier-led connectivity.
- NETGEAR
Mobile hotspots and routers overlap in portable 5G connectivity.
- Franklin Wireless
5G hotspots and routers overlap in carrier and IoT deployments.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Foxx Development | $2.79 | +0.72% | $19.0M | — | — | 0.3 | −23.9% |
| Inseego | $4.40 | +0.23% | $71.6M | 32.8 | — | 0.4 | +9.4% |
| NETGEAR | $21.09 | −0.14% | $566.1M | — | 108.3 | 0.8 | −1.2% |
| Franklin Wireless | $2.51 | −0.40% | $29.6M | — | 21.0 | 0.8 | −57.0% |
| Median | 32.8 | 64.7 | 0.8 | −1.2% |