Xiao-I Corporation (AIXI) Income Statement
AIXI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAIXI revenue and net income
Where AIXI's revenue goes
2025Each bar shows an amount and its share of revenue. AIXI kept −821.1% of revenue as net income.
AIXI profit margins
AIXI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −82.5% | −36.5% | −2.3% | — |
| Gross profit | −88.6% | −43.8% | −3.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AIXI quarterly EPS vs estimates
Xiao-I beat the analyst EPS estimate in 1 of the last 4 quarters.
AIXI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $12.3M | $70.3M | $59.2M | $48.2M | $32.5M | $13.9M |
| Cost of revenue | $6.8M | $22.3M | $19.7M | $17.4M | $10.9M | $7.2M |
| Gross profit | $5.5M | $48.0M | $39.4M | $30.8M | $21.6M | $6.6M |
| Research & development | $24.5M | $34.7M | $52.4M | $24.0M | $5.4M | $4.2M |
| Sales, general & admin | $77.6M | $26.3M | $9.0M | $9.9M | $11.3M | $10.3M |
| Total operating expenses | $102.1M | $60.9M | $61.3M | $33.9M | $16.6M | $14.5M |
| Operating income | −$96.6M | −$12.9M | −$21.9M | −$3.1M | $5.0M | −$7.9M |
| Interest expense | $3.1M | $2.3M | $2.3M | $2.4M | $1.9M | $1.0M |
| Income before taxes | −$101.8M | −$14.6M | −$23.2M | −$5.3M | $3.9M | −$7.3M |
| Income taxes | — | — | $3.8M | $660,655 | $552,355 | −$235,854 |
| Net income | −$101.2M | −$14.5M | −$26.5M | −$5.9M | $3.7M | −$6.8M |
| EBITDA | −$98.6M | −$11.1M | −$19.6M | −$2.0M | $7.0M | −$4.5M |
| EPS (diluted) | −$1.83 | −$221.80 | −$0.23 | −$111.93 | $68.36 | — |
| Gross margin | 44.4% | 68.3% | 66.6% | 63.9% | 66.5% | 47.8% |
| Operating margin | −783.6% | −18.3% | −37.1% | −6.5% | 15.4% | −56.8% |
| Net margin | −821.1% | −20.6% | −44.7% | −12.2% | 11.3% | −49.1% |
| Sep '26 | Mar '26 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M | $813,105 | $11.5M | $18.7M | $37.4M | $18.7M | $32.9M | $16.5M | $32.7M | $16.3M | $26.3M | $13.2M |
| Cost of revenue | $1.7M | $2.0M | $4.8M | $5.3M | $10.6M | $5.3M | $11.7M | $5.8M | $13.7M | $6.9M | $6.0M | $3.0M |
| Gross profit | −$612,196 | −$1.2M | $6.7M | $13.4M | $26.8M | $13.4M | $21.2M | $10.6M | $19.0M | $9.5M | $20.3M | $10.2M |
| Research & development | $746,789 | $386,590 | $24.1M | $3.9M | $7.8M | $3.9M | $26.9M | $13.4M | $22.7M | $11.4M | $29.5M | $14.8M |
| Sales, general & admin | $10.8M | $65.8M | $12.0M | $8.5M | $17.1M | $8.5M | — | $4.6M | $4.5M | $1.2M | $4.4M | $2.2M |
| Total operating expenses | $11.5M | $66.2M | $36.1M | $12.4M | $24.8M | $12.4M | $36.1M | $18.1M | $27.2M | $13.3M | $33.9M | $16.9M |
| Operating income | −$12.1M | −$67.4M | −$29.4M | $981,677 | $2.0M | $981,677 | −$14.8M | −$7.4M | −$8.3M | −$4.1M | −$13.5M | −$6.8M |
| Interest expense | $1.5M | $1.9M | $1.2M | — | $1.4M | — | $936,112 | — | — | — | $1.6M | — |
| Income before taxes | −$13.1M | −$71.6M | −$30.5M | $495,574 | $991,148 | $495,574 | −$15.5M | −$7.8M | −$8.3M | −$4.2M | −$14.6M | −$7.4M |
| Income taxes | — | — | — | — | — | — | −$5,151 | $41,713 | −$83,426 | $41,713 | $3.8M | $1.9M |
| Net income | −$13.1M | −$71.3M | −$30.2M | $497,263 | $994,526 | $497,263 | −$15.5M | −$7.7M | −$7.9M | −$3.9M | −$18.5M | −$9.3M |
| EBITDA | −$12.0M | −$67.4M | −$28.9M | $1.1M | $2.2M | $1.0M | −$14.3M | −$7.4M | −$8.2M | −$4.1M | −$13.0M | −$6.8M |
| EPS (diluted) | — | — | −$2.52 | $0.11 | — | −$1.93 | — | — | — | — | — | −$0.25 |
| Gross margin | −58.7% | −149.5% | 58.1% | 71.7% | 71.7% | 71.7% | 64.5% | 64.5% | 58.0% | 58.0% | 77.3% | 77.3% |
| Operating margin | −1,160.7% | −8,294.5% | −254.9% | 5.3% | 5.3% | 5.3% | −45.0% | −45.0% | −25.4% | −25.4% | −51.5% | −51.5% |
| Net margin | −1,252.3% | −8,768.8% | −261.6% | 2.7% | 2.7% | 2.7% | −47.0% | −47.0% | −24.1% | −24.1% | −70.2% | −70.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AIXI's financial statements (latest annual report filed May 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AIXI financial results
In fiscal year 2025 (ended December 31, 2025), Xiao-I reported revenue of $12.3 million, down 82.5% from the year before. It had a net loss of $101.2 million, a net profit margin of −821.1%. Diluted earnings per share came to −$1.83. Over five years revenue grew at an average rate of −2.3% a year.
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AIXI income statement FAQ
What is Xiao-I's annual revenue?
Xiao-I reported total revenue of $12.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 82.5% from $70.3 million the previous year.
Is Xiao-I profitable?
No. Xiao-I reported a net loss of $101.2 million in fiscal 2025, a net profit margin of −821.1%; its operating margin was −783.6%.
What is Xiao-I's gross margin?
Xiao-I's gross margin was 44.4% in fiscal 2025: for every $100 of revenue, Xiao-I kept $44 after the direct cost of its products and services.
How much does Xiao-I spend on research and development?
Xiao-I spent $24.5 million on research and development in fiscal 2025, 198.4% of revenue.
How fast is Xiao-I growing?
Revenue grew −2.3% a year on average over the last five fiscal years, from $13.9 million to $12.3 million.
What are Xiao-I's earnings per share?
Xiao-I earned $-1.83 per diluted share in fiscal 2025, compared with $-221.80 a year earlier.
When does Xiao-I's fiscal year end?
Xiao-I's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 15, 2026.