Global Mofy revenue jumps 49.4% to $39.9 million
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- Global Mofy reported revenue of $39.9 million for the six months ended March 31, 2026, marking a 49.4% increase from the prior year.
- The company recorded a GAAP net loss of $50.7 million, primarily due to asset write-downs and increased research and development spending.
- The company stated the revenue growth was driven by higher demand for virtual technology services and its new AI digital asset sales business.
Global Mofy (NASDAQ:GMM) reported revenue of $39.9 million for the six months ended March 31, 2026.
This represents a 49.4% increase from the $26.7 million generated during the same period last year.
The company stated the growth reflects surging market demand for its virtual technology services and AI-powered assets.
However, the cost of revenues rose 110.5% to $31.4 million, which reduced the overall gross profit to $8.5 million.
Following the announcement, Global Mofy's share price was up at $2.74.
The company also reported a GAAP net loss of $50.7 million, down from a profit in the prior year.
Global Mofy attributed this loss to $14.4 million in research and development costs alongside asset write-downs.
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