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, reported financial results for the six months ended March 31, 2026, showing revenue growth of 49.4% amid stronger demand for virtual technology services.

Revenue reached $39.9 million for the six-month period, compared with $26.7 million in the same period last year. The Company said the increase reflected stronger adoption of generative AI solutions, growth in virtual technology services and the launch of a digital asset sales business for large model developers. The update also underscores how demand is shifting across the AI content supply chain, where standardized 3D assets and production tools can support both entertainment projects and enterprise training-data use cases.

“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\u0026D spending on technology in an all-round way this half-year. Following the founding of Gauss AI Lab, we have continuously expanded our R\u0026D team and upgraded the Gausspeed generative 3D platform. Massive R\u0026D 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.”

Cost of revenues increased 110.5% to $31.4 million from $14.9 million a year earlier, mainly due to higher outsourced production expenses and the carrying cost of digital assets delivered to AI enterprise clients that were allocated to the period. Gross profit was $8.5 million, down 27.9% from $11.8 million in the prior-year period. The Company said the increase in revenue was offset by higher costs tied to expanded virtual project production and the early-stage scaling of its new AI asset sales business. Gross margin for virtual technology services remained 28.8%, supported by a steady pipeline of film and drama projects delivered in the first half of 2026.

Operating loss was $50.7 million, compared with operating income of $1.7 million in the same period last year. Global Mofy said the decline was primarily due to an asset write-down and increased R\u0026D investment and share-based compensation costs.

GAAP net loss was $50.7 million, compared with net income of $5.0 million in the same period last year. After adjusting for items including asset impairment, stock-based compensation and warrant fair value changes, non-GAAP net income was $1.1 million in the first half of 2026.

R\u0026D investments totaled $14.4 million, up from $5.8 million a year earlier. The Company said the increase reflected the expansion of Gauss AI Lab, deeper technical cooperation with NVIDIA Omniverse and expanded equity incentive plans for core technical teams. That spending, along with the launch of the AI asset sales line, shows the company is still in a build-out phase even as it is reporting revenue growth from multiple business streams.

Total cash and restricted cash as of March 31, 2026 was $2.8 million, supported by private placement proceeds raised at the end of fiscal 2025.

Operational and Strategic Highlights

Since its prior full-year financial results, Global Mofy said it made progress in several areas across its core business and technology development:

• Commercialized new digital asset sales business for AI large model clients: The Company launched a new revenue segment selling standardized 3D digital assets to generative AI and large language enterprises in the first half of 2026. It said the business extends its upstream supply chain for AIGC training data and creates a second growth curve beyond traditional virtual production services.
• Deepened short drama cooperation via Mofy Clips: The Company continued joint production projects with China Literature under the Mofy Clips brand.
• Continuous iteration of Gauss AI Lab: Global Mofy continued upgrading the Gausspeed generative 3D platform built in partnership with NVIDIA Omniverse and expanding its proprietary high-precision digital asset library.
• Deepened global AI industrial layout: The Company advanced its strategic investment in African digital logistics platform Wetruck AI, describing the initiative as a cross-industry AI deployment in Africa that explores additional uses for 3D digital assets and AI technology outside entertainment content.

About Global Mofy AI Limited

Global Mofy AI Limited (Nasdaq: GMM) is a generative AI-driven technology solutions provider engaged in virtual content production and the development of digital assets for the digital content industry. Using its proprietary “Mofy Lab” technology platform, which combines interactive 3D and artificial intelligence (“AI”) technology, the Company creates high-definition virtual versions of physical-world objects in 3D, including characters, objects and scenes.

The digital assets can be used in movies, TV series, AR/VR, animation, advertising, gaming and other applications. Global Mofy Metaverse is one of the leading digital asset banks in China and contains more than 150,000 high-precision 3D digital assets. For more information, visit www.globalmofy.ai or ir.globalmofy.cn.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions, as well as other statements that are not statements of historical fact. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations. These risks and uncertainties include, but are not limited to, market conditions, the Company’s ability to keep pace with new technology and changing market needs, and the competitive environment of its business. For these reasons, investors are cautioned not to place undue reliance on forward-looking statements in this press release.

Additional factors are discussed in the Company’s filings with the SEC, which are available at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this release.

For more information, please contact: Global Mofy AI Limited Investor Relations Department [email protected]