Foxx Development Holdings Inc. (FOXX) Balance Sheet
FOXX balance sheet, FY2026
June 30, 2026 · U.S. dollars$24.3M assets = $81.2M liabilities + −$56.8M equity
Liabilities exceed assets: shareholders’ equity is negative (−$56.8M).
Both columns are drawn to the same scale: what FOXX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FOXX financial health
Descriptive bands, not a rating. Fiscal FY2026.
FOXX balance sheet trends, FY2022–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $605,916FY2022 | $24.3MFY2026 | +151.8%/yr | |
| Total liabilities | $1.2MFY2022 | $81.2MFY2026 | +184.7%/yr | |
| Shareholders’ equity | −$629,985FY2022 | −$56.8MFY2026 | — | |
| Cash & short-term investments | $21,742FY2022 | $1.5MFY2026 | +186.9%/yr | |
| Total debt | $536,765FY2022 | $37.8MFY2026 | +189.6%/yr | |
| Net cash (debt) | −$515,023FY2022 | −$36.3MFY2026 | −$35.8M | |
| Working capital | −$630,264FY2022 | −$34.1MFY2026 | −$33.5M | |
| Book value per share | −$0.06FY2022 | −$8.21FY2026 | — | |
| Current ratio | 0.49FY2022 | 0.25FY2026 | −0.24 | |
| Shares outstanding | 10.8MFY2022 | 6.9MFY2026 | −10.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FOXX assets
FOXX liabilities and equity
FOXX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FOXX balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $1.5M | $1.9M | $587,448 | $1.8M | $21,742 |
| Cash & equivalents | $1.5M | $1.9M | $587,448 | $1.8M | $21,742 |
| Receivables | $6.1M | $6.8M | $1.9M | $0 | $583,895 |
| Inventory | $3.3M | $12.7M | $1.8M | $0 | $0 |
| Other current assets | $706,884 | $2.3M | $44,256 | $11,411 | $0 |
| Total current assets | $11.6M | $23.6M | $4.3M | $1.8M | $605,637 |
| Property, plant & equipment (net) | $11.6M | $1.2M | $548,377 | $173,659 | $279 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.2M | $1.2M | $492,086 | $0 | $0 |
| Total assets | $24.3M | $26.0M | $5.4M | $2.0M | $605,916 |
| Liabilities | |||||
| Accounts payable | $33.6M | $26.2M | $1.4M | $0 | $84,920 |
| Short-term debt | $2.3M | $235,268 | $6.4M | $2.4M | $536,765 |
| Deferred revenue | — | — | $649,450 | $27 | $609,229 |
| Total current liabilities | $45.7M | $30.4M | $8.9M | $2.5M | $1.2M |
| Long-term debt | $0 | $0 | $95,442 | $114,981 | $0 |
| Lease obligations | — | — | $404,966 | $0 | — |
| Other long-term liabilities | $35.5M | $963,245 | $332,435 | $0 | $2.6M |
| Total liabilities | $81.2M | $31.4M | $9.4M | $2.6M | $1.2M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $704 | $678 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$72.7M | −$20.0M | −$11.0M | −$7.6M | −$7.7M |
| Accumulated other comprehensive income | −$16,677 | −$5,000 | — | — | — |
| Total shareholders' equity | −$56.8M | −$5.4M | −$4.0M | −$571,794 | −$629,985 |
| Key figures | |||||
| Total debt | $37.8M | $1.2M | $6.8M | $2.5M | $536,765 |
| Net cash (debt) | −$36.3M | $676,940 | −$6.2M | −$688,542 | −$515,023 |
| Working capital | −$34.1M | −$6.8M | −$4.6M | −$630,472 | −$630,264 |
| Tangible book value | −$56.8M | −$5.4M | −$4.0M | −$571,794 | −$629,985 |
| Book value per share | −$8.21 | −$0.87 | −$0.55 | −$0.08 | −$0.06 |
| Shares outstanding | 6.9M | 6.1M | 7.3M | 7.3M | 10.8M |
| Current ratio | 0.25 | 0.78 | 0.48 | 0.74 | 0.49 |
| Quick ratio | 0.17 | 0.28 | 0.28 | 0.74 | 0.49 |
| Equity / assets | −233.4% | −20.6% | −74.5% | −28.4% | −104.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.5M | $3.2M | $1.8M | $1.5M | $3.8M | $3.9M | $9.2M | $587,448 | $254,752 | $456,000 | $1.8M | $1.8M |
| Cash & equivalents | $1.5M | $3.2M | $1.8M | $1.5M | $3.8M | $3.9M | $9.2M | $587,448 | $254,752 | $456,000 | $1.8M | $1.8M |
| Receivables | $6.1M | $4.4M | $6.7M | $13.1M | $8.8M | $9.2M | $14.1M | $251,894 | $1.9M | $1.9M | $0 | $0 |
| Inventory | $3.3M | $7.0M | $10.2M | $11.5M | $16.7M | $15.8M | $4.5M | $1.8M | $662,227 | $130,364 | $0 | $0 |
| Other current assets | $706,884 | $476,348 | $1.2M | $1.1M | $1.1M | $1.0M | $19.7M | $1.7M | $11,590 | $13,122 | $0 | $11,411 |
| Total current assets | $11.6M | $15.0M | $19.8M | $27.1M | $30.4M | $30.0M | $47.6M | $4.3M | $2.8M | $2.5M | $1.8M | $1.8M |
| Property, plant & equipment (net) | $11.6M | $11.9M | $21.0M | $21.5M | $1.3M | $1.4M | $1.4M | $548,377 | $262,567 | $282,019 | $0 | $173,659 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $603,716 | $603,716 | $492,086 | $284,678 | $181,630 | $34.2M | $0 |
| Total assets | $24.3M | $28.1M | $42.0M | $49.8M | $32.9M | $31.9M | $49.5M | $5.4M | $3.3M | $3.0M | $36.0M | $2.0M |
| Liabilities | ||||||||||||
| Accounts payable | $33.6M | $32.3M | $29.7M | $31.7M | $29.4M | $24.1M | $19.3M | $1.4M | — | — | — | $0 |
| Short-term debt | $2.3M | $1.9M | $1.2M | $1.2M | $480,189 | $222,342 | $200,583 | — | $5.4M | $4.3M | $1.1M | $2.4M |
| Deferred revenue | — | $142,852 | $23,525 | $367,709 | $211,072 | $784,157 | $143,600 | — | $89,750 | — | — | $27 |
| Total current liabilities | $45.7M | $39.9M | $34.0M | $37.5M | $33.4M | $28.7M | $47.9M | $8.9M | $5.8M | $4.5M | $2.0M | $2.5M |
| Long-term debt | $0 | $55,080 | $61,376 | $67,487 | $79,173 | $84,759 | $90,181 | $95,442 | $100,548 | $105,504 | $0 | $114,981 |
| Lease obligations | — | $37.8M | $21.0M | $21.4M | $1.2M | $1.2M | $1.2M | $404,966 | $113,363 | $122,929 | — | $0 |
| Other long-term liabilities | $35.5M | $36.0M | $19.9M | $20.2M | $944,078 | $997,666 | $1.1M | $332,435 | $72,818 | $83,413 | $571,794 | $0 |
| Total liabilities | $81.2M | $75.9M | $53.9M | $57.7M | $34.4M | $29.7M | $49.1M | $9.4M | $6.0M | $4.7M | $571,794 | $2.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $704 | $700 | $696 | $678 | $678 | $728 | $727 | — | $1,000 | $1,000 | $35.6M | $1,000 |
| Retained earnings (deficit) | −$72.7M | −$63.5M | −$27.2M | −$22.9M | −$16.0M | −$11.9M | −$13.3M | −$11.0M | −$9.7M | −$8.8M | −$4.2M | −$7.6M |
| Accumulated other comprehensive income | −$16,677 | −$17,111 | −$13,793 | −$11,527 | −$412 | — | — | — | — | — | −$571,794 | — |
| Total shareholders' equity | −$56.8M | −$47.8M | −$11.8M | −$7.9M | −$1.6M | $2.2M | $457,238 | −$4.0M | −$2.6M | −$1.8M | −$571,794 | −$571,794 |
| Key figures | ||||||||||||
| Total debt | $37.8M | $37.9M | $41.0M | $21.5M | $1.5M | $1.3M | $1.3M | $95,442 | $5.5M | $4.5M | $1.1M | $2.5M |
| Net cash (debt) | −$36.3M | −$34.7M | −$39.2M | −$20.0M | $2.3M | $2.6M | $7.8M | $492,006 | −$5.3M | −$4.1M | $688,925 | −$688,542 |
| Working capital | −$34.1M | −$24.9M | −$14.1M | −$10.3M | −$2.9M | $1.3M | −$395,254 | −$4.6M | −$3.0M | −$2.0M | −$200,415 | −$630,472 |
| Tangible book value | −$56.8M | −$47.8M | −$11.8M | −$7.9M | −$1.6M | $2.2M | $457,238 | −$4.0M | −$2.6M | −$1.8M | −$571,794 | −$571,794 |
| Book value per share | −$8.07 | −$6.84 | −$1.72 | −$1.17 | −$0.22 | $0.30 | $0.13 | −$0.55 | −$0.49 | −$0.24 | −$0.08 | −$0.10 |
| Shares outstanding | 7.0M | 7.0M | 6.9M | 6.8M | 7.0M | 7.3M | 3.5M | 7.3M | 5.4M | 7.3M | 7.3M | 5.8M |
| Current ratio | 0.25 | 0.38 | 0.58 | 0.72 | 0.91 | 1.05 | 0.99 | 0.48 | 0.48 | 0.55 | 0.90 | 0.74 |
| Quick ratio | 0.17 | 0.19 | 0.25 | 0.39 | 0.38 | 0.46 | 0.49 | 0.09 | 0.36 | 0.52 | 0.90 | 0.74 |
| Debt / equity | — | — | — | — | — | 0.59 | 2.93 | — | — | — | — | — |
| Equity / assets | −233.4% | −170.0% | −28.1% | −15.9% | −4.7% | 6.9% | 0.9% | −74.5% | −79.2% | −59.1% | −1.6% | −28.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 28, 2026); data from EODHD.
FOXX financial position
At the end of fiscal 2026 (June 30, 2026), Foxx Development had total assets of $24.3 million (down 6.4% from a year earlier), total liabilities of $81.2 million and shareholders' equity of -$56.8 million. It held $1.5 million in cash and short-term investments against $37.8 million of debt, net debt of $36.3 million. Its current ratio was 0.25.
Related: FOXX income statement, FOXX cash flow statement, FOXX key metrics. See the FOXX stock overview for the latest quote and news.
FOXX balance sheet FAQ
What are Foxx Development's total assets?
Foxx Development reported total assets of $24.3 million at the end of fiscal 2026 (June 30, 2026), compared with $26.0 million a year earlier.
How much debt does Foxx Development have?
Foxx Development had $37.8 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Foxx Development have?
Foxx Development held $1.5 million in cash and short-term investments at the end of fiscal 2026; with $37.8 million of debt that is net debt of $36.3 million.
What is Foxx Development's book value?
Foxx Development's shareholders' equity (book value) was -$56.8 million at the end of fiscal 2026, or −$8.21 per share.
What is Foxx Development's current ratio?
Foxx Development had current assets of $11.6 million and current liabilities of $45.7 million, a current ratio of 0.25 (current liabilities exceed current assets).