Gaxos Reports Third-Quarter Revenue Growth of 14.5% Sequentially and 464.9% Year over Year
Globe Newswire•12/11/2026•16:06 ET
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Key Highlights
- ➤Gaxos (GXAI) third-quarter revenue $2.81 million, up 14.5% sequentially
- ➤Third-quarter revenue increased 464.9% year over year
- ➤Advertising and marketing expense fell 16.7% sequentially to approximately $2.62 million
- ➤Revenue per advertising dollar improved approximately 38% sequentially to $1.08
- ➤Cash and short-term investments reached approximately $13.30 million at September 30
Expert Statements
Vadim Mats, CEO of Gaxos
“Our third quarter results show continued revenue growth alongside lower advertising and marketing expense”
Vadim Mats, CEO of Gaxos
“We achieved record consolidated revenue while improving revenue per dollar of advertising and marketing expense by approximately 38% from the second quarter. We remain focused on improving customer acquisition efficiency and scaling products and channels with favorable contribution economics.”
Vadim Mats, CEO of Gaxos
“We are continuously fine-tuning our approach to customer acquisition”
Vadim Mats, CEO of Gaxos
“Our revenue generated per advertising dollar showed significant improvement as we work on strategy As always, we strive to continue building on our progress.”
Advertising and marketing expense decreases 16.7% sequentially as revenue per dollar of advertising and marketing expense improves approximately 38%
Roseland, NJ, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Gaxos.ai Inc. ("Gaxos" or the "Company")(NASDAQ: GXAI), a company developing artificial intelligence applications across various high-growth sectors, today reported financial and operating results for the third quarter ended September 30, 2026.
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