Nixxy, Inc. (NASDAQ: NIXX) announced strong financial results for the first quarter of 2026, reporting revenue of approximately $29.1 million, a significant increase from $1.3 million in the same quarter last year. The results, detailed in the company's Quarterly Report on Form 10-Q filed with the SEC, reflect the continued expansion of Nixxy's global telecommunications platform and its strategic transformation from a legacy recruiting marketplace into an AI-enabled telecommunications and data infrastructure company.
The company reported a loss from continuing operations of approximately $1.2 million, an improvement from a loss of $3.8 million in the prior-year period. Cash increased to $1.0 million as of March 31, 2026, up from $0.2 million on December 31, 2025. Total stockholders' equity rose to $10.1 million, compared to $8.0 million at the end of 2025.
Nixxy's growth is attributed to the expansion of its telecommunications infrastructure platform, including wholesale voice and messaging traffic growth, routing optimization, telecommunications billing technologies, and strategic software initiatives related to embedded transaction and payment workflow capabilities. The company continued integrating telecommunications billing systems, AI technologies, and EDGE infrastructure assets acquired during 2025 as part of its broader infrastructure strategy.
“Our first quarter results reflect the continued execution of Nixxy's strategic transformation and the rapid scaling of our telecommunications platform,” said Mike Schmidt, CEO of Nixxy. “We are building a scalable communications infrastructure platform supported by AI-enabled routing, automation, and strategic software assets.”
Schmidt highlighted the company's collaboration with PayToMe.co across software development, embedded financial infrastructure, and AI-driven transaction technologies. This partnership aims to support communications-enabled payment workflows, cross-border transaction capabilities, and next-generation digital infrastructure initiatives. “The convergence of telecommunications, AI, and financial transaction technologies represents a significant long-term opportunity, and we believe Nixxy is continuing to position its platform at the intersection of these rapidly evolving markets,” Schmidt added.
The company remains focused on operational efficiency, disciplined growth, and improving its long-term margin profile as it expands global telecommunications operations and infrastructure capabilities. The financial results are derived from the company's unaudited condensed consolidated financial statements included in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
This strong performance underscores Nixxy's successful pivot to an AI-enabled communications and data infrastructure company, positioning it to capitalize on the growing demand for integrated telecommunications, AI, and financial transaction services. The company's strategic investments in technology and infrastructure are expected to drive further growth and operational improvements in the coming quarters.
