Global Mofy Reports 49.4% YoY Revenue Increase for the Six Months Ended March 31, 2026, Driven by Virtual Tech Growth and New AI Digital Asset Business
Globe News Wire
Published: Jul 29, 2026, 10:46 AM GMT+9
Sentiment Analysis
GLOBAL MOFY AI LIMITED Revenue achieved $39.9 million, up 49.4% from $26.7 million. R&D investments totaled $14.4 million, up from $5.8 million in the same period last year. GAAP Net Loss was $50.7 million, while Non-GAAP net income stood at $1.1 million. BEIJING, July 28, 2026 (GLOBE NEWSWIRE) -- Global Mofy AI Limited (the “Company” or “Global Mofy”) (Nasdaq: GMM), a generative AI-driven technology solutions provider focused on virtual production services and AIGC 3D digital asset supply for global content and large model enterprises, today reported its financial results for the six months ended March 31, 2026, showing robust 49.4% revenue growth, driven by soaring virtual technology service demand.
“The revenue growth in the first half of 2026 clearly demonstrates the outstanding execution of the Global Mofy team and the remarkable market recognition of our AI-powered virtual content and training assets. It also reflects the surging industry demand for high-quality 3D digital resources and full-stack virtual production services, solidifying our leading position in the generative AI content track. We have maintained our Beijing “Specialized and New” SME certification, kept deep cooperation on short drama projects under the Mofy Clips brand with China Literature, and continuously upgraded our integrated AI infrastructure at Gauss AI Lab established in prior periods, alongside steady progress on our strategic investment in African logistics platform Wetruck AI. Although we recorded GAAP losses due to asset impairment and heavy technical investment, our core operating business provides a solid foundation for sustained long-term growth,” said Haogang Yang, founder and CEO of Global Mofy. “Generative AI is thoroughly reshaping the whole content industry value chain, and we will keep taking the lead in this industry transformation.”
“In terms of research and development, we have ramped up R&D spending on technology in an all-round way this half-year. Following the founding of Gauss AI Lab, we have continuously expanded our R&D team and upgraded the Gausspeed generative 3D platform. Massive R&D investment is vital for us to consolidate our technological moat, expand proprietary high-precision digital asset library and develop our new asset sales business. As we deepen our layout in upstream AI training data supply, continuous investment in cutting-edge AIGC technology will power our multi-line growth and keep us ahead of peers in the AI digital content sector.”
Financial Results for the Six Months Ended March 31, 2026 Revenue for the six months ended March 31, 2026 increased by 49.4% to $39.9 million, from $26.7 million in the same period last year. This revenue increase reflects the strong market uptake of generative AI solutions, robust growth in virtual technology services and the newly launched digital asset sales business catering to large model developers, all benefiting from the fast development of the AI industry.
Cost of revenues increased by 110.5% to $31.4 million, compared to $14.9 million in the same period last year. The increase is primarily due to higher outsourced production expenses and the carrying cost of digital assets delivered to AI enterprise clients, which were allocated to this period. Gross profit was $8.5 million, a decrease of 27.9% compared to $11.8 million in the previous year. The strong revenue growth was tempered by increased costs associated with expanded virtual project production and the early-stage scaling of our new AI asset sales business. Nonetheless, gross margin for virtual technology services remained solid at 28.8%, supported by a steady pipeline of film and drama projects delivered in the first...
Source: Globe News Wire
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