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FOXX on Nasdaq

Foxx Development Holdings Inc.

Foxx Development Holdings Inc. is an American computer communications equipment company, incorporated in Delaware.1 It is headquartered in Austin, Texas.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$52.6MRevenue, fiscal 20262
-$52.7MNet income, fiscal 20262

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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.5 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

3.2%Gross margin2
-83.5%Operating margin2
-100.2%Net margin2
-20.2%Revenue growth, 20262

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

Revenue672$52.6M in 2026+143% since 2023
0$20.0M$40.0M$60.0M$80.0M2023: $21.6M$21.6M20232024: $3.2M$3.2M2024−85%2025: $65.9M$65.9M2025+1942%2026: $52.6M$52.6M2026−20%
Gross profit672$1.7M in 2026+53% since 2023
0$2.0M$4.0M$6.0M2023: $1.1M$1.1M20232024: $115.9K$115.9K2024−90%2025: $4.8M$4.8M2025+4018%2026: $1.7M$1.7M2026−65%
Operating income672-$43.9M in 2026
-$60.0M-$40.0M-$20.0M0$20.0M2023: $86.2K$86.2K20232024: -$3.1M-$3.1M20242025: -$9.7M-$9.7M2025+210%2026: -$43.9M-$43.9M2026+353%
Net income672-$52.7M in 2026
-$60.0M-$40.0M-$20.0M0$20.0M2023: $58.2K$58.2K20232024: -$3.4M-$3.4M20242025: -$9.0M-$9.0M2025+163%2026: -$52.7M-$52.7M2026+484%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-06-302025-06-30
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
Basic6.9M shares6.1M shares
Diluted6.9M shares6.1M shares
Basic-$7.61-$1.47
Diluted-$7.61-$1.47

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Corporate structure

Foxx Development Holdings Inc. sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Foxx Development Holdings Inc.

  • Foxx Development Holdings Inc. Austin, Texas
    • Foxx Development (Singapore) Pte. Ltd Subsidiary · Singapore
    • Foxx Development Inc. Subsidiary · Delaware, United States
    • Foxx Technology, S.A. de C.V. Subsidiary · Mexico

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Foxx Development Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$229.9K2 Jun 30, 2026$237.8K2 Jun 30, 2025−3.3%
Accumulated depreciation$150.4K2 Jun 30, 2026$106.1K2 Jun 30, 2025+41.8%
Property and equipment, net$79.5K2 Jun 30, 2026$131.7K2 Jun 30, 2025−39.6%
Operating-lease assets (leased space)$11.5M2 Jun 30, 2026$1.1M2 Jun 30, 2025+985.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5M2 Jun 30, 2026$1.9M2 Jun 30, 2025−21.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.3M2 Jun 30, 2026$12.7M2 Jun 30, 2025−74.2%
Finished goods$3.3M2 Jun 30, 2026$12.7M2 Jun 30, 2025−74.2%

Properties, in its own words

Our corporate headquarters are located in 15375 Barranca Parkway C106, Irvine, CA. Our facilities are leased from independent third parties. The lease terms range from 1 to 7 years, with the option to renew upon expiration. We believe our current facilities are generally sufficient for our present needs.

Location · Square Footage · Purpose (Office or Manufacturing) · Lease Expiration Date · Monthly Payments

The rest of Item 2

Irvine, CA · 1,548 · Flex Space · 08/31/2029 · US$ · 3,653

Irvine, CA · 5,402 · Flex Space · 08/31/2029 · US$ · 13,119

San Diego, CA · 2,800 · Office · 05/31/2031 · US$ · 3,605

Alpharetta, GA · 300 · Office · 10/13/2027 · US$ · 591

San Diego, CA · 104,145 · Warehouse · 12/31/2035 · US$ · 181,644

San Diego, CA · 102,099 · Warehouse · 12/31/2035 · US$ · 186,128

Singapore · N/A* · Office · 8/31/2027 · SG$ · 4,300

Bellevue,WA · N/A* · Office · 8/31/2027 · US$ · 1,029

* · Shared office

Item 2 of the 10-K filed Sep 28, 2026.5

Leadership

Who has led Foxx Development Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Greg Foley2024–now

Chair

  1. Joy Yi Hua2024

Chief financial officer

  1. Joy Yi Hua2024
2025
Board members and other officers (6)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Foxx Development (Singapore) Pte. Ltd Singapore4
  • Foxx Development Inc. Delaware4
  • Foxx Technology, S.A. de C.V. Mexico4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Acri Capital Merger Sub I Inc.Apr 8, 2024 to Jul 29, 20243

Timeline

  1. Aug 18, 20268-K Executive or director change18
  2. Jul 29, 20268-K Listing notice or transfer19
  3. Jan 21, 20268-K Executive or director change20
  4. Dec 29, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote21
  5. Dec 18, 20258-K Financial statements and exhibits22
  6. Dec 9, 20258-K Financial statements and exhibits23
  7. Nov 10, 20258-K Listing notice or transfer24
  8. Aug 4, 20258-K Regulation FD disclosure25
  9. Jun 6, 20258-K Regulation FD disclosure26
  10. May 6, 20258-K Change of auditor27
  11. Mar 18, 20258-K Other events28
  12. Feb 24, 20258-K Other events29
  13. Sep 27, 2024New chief executive Greg Foley becomes CEO10

Calendar

Coming up

  1. Nov 17, 2026Reports results for the quarter ending Sep/202630

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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:

  1. Sep 28, 202610-K ANNUAL REPORT EDGAR
  2. Aug 18, 20268-K CURRENT REPORT EDGAR
  3. Aug 17, 2026144 EDGAR
  4. Aug 10, 20264 EDGAR
  5. Jul 29, 20268-K CURRENT REPORT EDGAR
  6. Jun 5, 20264 EDGAR
  7. Jun 1, 2026144 EDGAR
  8. May 28, 2026SD SPECIALIZED DISCLOSURE REPORT EDGAR
  9. May 20, 202610-Q QUARTERLY REPORT EDGAR
  10. May 18, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  11. May 14, 2026SCHEDULE 13G EDGAR
  12. May 8, 2026SCHEDULE 13D EDGAR
  13. May 8, 2026SCHEDULE 13D EDGAR
  14. May 7, 20264 EDGAR
  15. May 5, 2026SCHEDULE 13D/A EDGAR
  16. May 5, 2026SCHEDULE 13D/A EDGAR
  17. Mar 24, 20264 EDGAR
  18. Mar 20, 20264 EDGAR
  19. Mar 18, 20264 EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Jun 4, 2026Liao JamesChief Technology OfficerSale1,943$6.15$11.9KForm 4
Mar 20, 2026Cui HaitaoExecutive Vice PresidentSale3,291$4.54$14.9KForm 4
Mar 19, 2026Cui HaitaoExecutive Vice PresidentSale603$4.56$2.8KForm 4
Mar 18, 2026Cui HaitaoExecutive Vice PresidentSale156$4.50$702Form 4
Mar 17, 2026Cui HaitaoExecutive Vice PresidentSale117$4.00$468Form 4
Mar 16, 2026Cui HaitaoExecutive Vice PresidentSale3,888$4.04$15.7KForm 4
Mar 16, 2026Foley GregChief Executive OfficerSale2,584$3.98$10.3KForm 4
Mar 13, 2026Cui HaitaoExecutive Vice PresidentSale101$4.00$404Form 4
Mar 11, 2026Foley GregChief Executive OfficerSale5,013$4.02$20.2KForm 4
Feb 19, 2026Liao JamesChief Technology OfficerSale9,716$4.61$44.8KForm 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.

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.

FundSharesValueShare of the fundChange
Jane Street Group, LLC22,765$74.4K0.0%New
Citadel Advisors LLC15,630$51.1K0.0%−14,020
Geode Capital Management, LLC14,464$47.3K0.0%−3,217
Vanguard Capital Management LLC8,313$27.2K0.0%No change
Vanguard Fiduciary Trust Co3,787$12.4K0.0%No change
BlackRock, Inc.3,776$12.3K0.0%+380
Tower Research Capital LLC (TRC)1,588$5.2K0.0%+601
Caitong International Asset Management Co., Ltd312$1.0K0.0%New
Wolverine Asset Management LLC172$5620.0%No change
Clear Street Group Inc.100$3270.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Foxx Development Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFoxx Development Holdings Inc.1
  • CIK0002013807
  • Employer ID (EIN)99-51194945
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsJune 301
  • Industry code (SIC)3576 Computer Communications Equipment1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address13284 Pond Springs Rd, Ste 405, Austin, TX 787291
  • Phone512-666-12771
  • Shares outstanding7,074,907 shares as of Sep 25, 20265
  • Public float$12.6M as of Dec 31, 20255
  • AuditorCBIZ CPAs P.C., San Jose, CA PCAOB ID 199; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceApr 8, 20241
  • Filings96 in all: 8-K (17), 3 (10), 4 (10), 10-Q (6), 144 (5), SC 13D (4), 10-K (3), CORRESP (3)1
    All 32 form types

    DEFA14A (3), NT 10-Q (3), SCHEDULE 13G (3), UPLOAD (3), 424B3 (2), EFFECT (2), SCHEDULE 13D (2), SCHEDULE 13D/A (2), SCHEDULE 13G/A (2), SD (2), 8-A12B (1), ARS (1), CERT (1), DEF 14A (1), DRS (1), DRS/A (1), DRSLTR (1), NT 10-K (1), PRE 14A (1), S-1 (1), S-4 (1), S-4/A (1), S-8 (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Sep 28, 2026
    Quarterly report (10-Q) May 20, 2026
    Proxy statement (DEF 14A) Dec 1, 2025
    Latest 8-K (8-K) Aug 18, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001 per shareFOXXNasdaq
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per shareFOXXWNasdaq

From the cover page of the 10-K filed Sep 28, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

Legal proceedings

From time to time, we may be subject to legal proceedings and claims in the ordinary course of business. Currently, we are not a party to any material legal proceedings or subject to any material claims. The results of any future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources, and other factors.

The opening of Item 3, Legal Proceedings.5

Sources

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    SEC EDGAROther events
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