Gaxos.ai (NASDAQ:GXAI) Posts Quarterly Earnings Results

Posted by Brenda Bartman on Aug 13th, 2026

Gaxos.ai (NASDAQ:GXAI – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.15), Zacks reports. Gaxos.ai had a negative net margin of 131.28% and a negative return on equity of 34.42%. The business had revenue of $2.46 million for the quarter, compared to analyst estimates of $1.80 million.

Gaxos.ai Price Performance

GXAI traded up $0.29 on Thursday, reaching $1.16. The company’s stock had a trading volume of 68,480,033 shares, compared to its average volume of 6,360,142. The stock has a market cap of $8.28 million, a price-to-earnings ratio of -2.02 and a beta of 0.94. Gaxos.ai has a 1 year low of $0.73 and a 1 year high of $2.96. The business’s 50 day moving average is $1.09 and its 200 day moving average is $1.22.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Gaxos.ai from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Gaxos.ai currently has a consensus rating of “Sell”.

View Our Latest Analysis on Gaxos.ai

Institutional Investors Weigh In On Gaxos.ai

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in Gaxos.ai during the second quarter worth $48,000. Two Sigma Investments LP bought a new position in Gaxos.ai during the third quarter valued at $90,000. Finally, DRW Securities LLC bought a new stake in shares of Gaxos.ai during the 4th quarter worth $213,000. 42.62% of the stock is owned by institutional investors and hedge funds.

Gaxos.ai announced that its Board of Directors has authorized a stock repurchase plan on Monday, August 3rd that allows the company to buyback $1,000.00 billion in shares. This buyback authorization allows the company to purchase up to 18,726,591.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Gaxos.ai Company Profile

(Get Free Report)

Gaxos.ai Inc engages in developing artificial intelligence applications for various sectors. Its portfolio includes applications in mental and physical wellbeing, coaching, and gaming. In addition, it offers Gaxos, a gaming platform develop, design, acquire, and manage conventional games and combine these games with unconventional game mechanisms. The company was formerly known as The NFT Gaming Company, Inc and changed its name to Gaxos.ai Inc in January 2024. Gaxos.ai Inc was incorporated in 2021 and is based in Roseland, New Jersey.