Global Mofy AI Limited reported its financial results for the fiscal year ended September 30, 2024, on January 7, 2025, showcasing significant year-over-year growth. Total revenue reached $41.4 million, marking a 53.8% increase from $26.9 million in fiscal year 2023.
The company achieved a gross profit of $20.8 million, up 43.2% from $14.5 million in the prior year, maintaining a robust gross margin of 50.3%. Net income for fiscal year 2024 was $12.1 million, an 89% increase from $6.6 million in fiscal year 2023, resulting in a net margin of 29.4%.
Basic and diluted earnings per share for fiscal year 2024 were $6.37, reflecting a 61.2% year-over-year increase from $3.93 in fiscal year 2023, adjusted for the effect of the reverse stock split. Total assets grew by 118.3% to $59.2 million, driven by strategic investments in technology and infrastructure.
Research and development (R&D) expenditures totaled $7.5 million, a 109.8% increase from $3.6 million in fiscal year 2023. These investments primarily focused on expanding the company’s 3D digital asset library, which now encompasses over 100,000 assets, and advancing its generative AI solutions, including the Gausspeed platform.
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