Galaxy Payroll Group LTD (GLXG) — SEC Filings

Overview

Galaxy Payroll Group LTD (GLXG) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 20-F filed on Oct 24, 2025: Galaxy Payroll Group Ltd (GLXG) experienced a significant financial downturn for the fiscal year ended June 30, 2025, reporting a net loss of $27,568,713 HKD ($3,511,983 USD) compared to a net income of $5,505,489 HKD in FY2024. Revenue declined by 9% to $27,429,319 HKD ($3,494,225 USD) from $30,124

Sentiment Summary

Across 17 filings, the sentiment breakdown is: 3 bullish, 2 bearish, 12 neutral. The dominant filing sentiment for Galaxy Payroll Group LTD is neutral.

Filing Type Overview

Galaxy Payroll Group LTD (GLXG) has filed 2 20-F, 15 6-K with the SEC between Sep 2024 to Oct 2025.

Filings by Year

2025 · 2024

Recent Filings (17)

• Galaxy Payroll Plunges to $3.5M Loss Amid Soaring Expenses — 20-F · Oct 24, 2025 Risk: high
  Galaxy Payroll Group Ltd (GLXG) experienced a significant financial downturn for the fiscal year ended June 30, 2025, reporting a net loss of $27,568,713 HKD ($
• Galaxy Payroll Regains Nasdaq Compliance — 6-K · Sep 23, 2025 Risk: low
  Galaxy Payroll Group Ltd. announced on September 23, 2025, that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding the timely filing of it
• Galaxy Payroll Group Gets Nasdaq Delisting Grace Period — 6-K · Sep 18, 2025 Risk: medium
  On September 16, 2025, Galaxy Payroll Group Limited received a notification from Nasdaq indicating it will be afforded an additional period to regain compliance
• Galaxy Payroll Group Amends Securities Purchase Agreement — 6-K · Sep 12, 2025 Risk: medium
  Galaxy Payroll Group Limited announced an amendment to its Securities Purchase Agreement on September 12, 2025. This amendment relates to a previous agreement e
• Galaxy Payroll Group Ltd. Announces Share Consolidation — 6-K · Sep 3, 2025 Risk: low
  Galaxy Payroll Group Limited announced a share consolidation, effective September 3, 2025. This action consolidates every 100 issued and unissued ordinary share
• Galaxy Payroll Group Ltd. Announces Securities Purchase Agreement — 6-K · Jul 15, 2025 Risk: medium
  On July 11, 2025, Galaxy Payroll Group Ltd. (Nasdaq: GLXG) announced it entered into a Securities Purchase Agreement (SPA) with certain investors. Under the SPA
• Galaxy Payroll Group Ltd. inks AI HR/Payroll collaboration — 6-K · Jun 25, 2025 Risk: low
  On June 22, 2025, Galaxy Payroll Group Limited entered into a Memorandum of Understanding (MOU) to jointly develop and promote AI-powered HR and payroll solutio
• Galaxy Payroll Group Dismisses Auditor — 6-K · Jun 13, 2025 Risk: medium
  Galaxy Payroll Group Limited announced on May 12, 2025, the dismissal of Marcum Asia CPAs LLP as its independent registered public accounting firm. This decisio
• Galaxy Payroll Group Ltd Reports Interim Financial Results — 6-K · May 7, 2025 Risk: low
  Galaxy Payroll Group Limited announced its interim financial results for the six months ended December 31, 2024, on May 7, 2025. The company, headquartered in H
• Galaxy Payroll Group Ltd. Uses Home Country Rule Exemption — 6-K · Mar 24, 2025 Risk: medium
  Galaxy Payroll Group Ltd. is filing a Form 6-K on March 24, 2025, to disclose its reliance on the home country rule exemption. This allows the company to enact
• Galaxy Payroll Group Fails Nasdaq Bid Price Requirement — 6-K · Mar 20, 2025 Risk: high
  On March 17, 2025, Galaxy Payroll Group Limited received a notification letter from Nasdaq stating that the company no longer meets the minimum bid price requir
• Galaxy Payroll Group Signs MOU for Collaboration — 6-K · Feb 28, 2025 Risk: low
  On February 26, 2025, Galaxy Payroll Group Limited entered into a Memorandum of Understanding (MOU) with an unnamed party to collaborate on product development
• Galaxy Payroll Group Signs MOU for Collaboration — 6-K · Jan 3, 2025 Risk: low
  On January 2, 2025, Galaxy Payroll Group Limited entered into a Memorandum of Understanding (MOU) with an unnamed party. The MOU aims to foster collaboration in
• Galaxy Payroll Group Ltd. Updates Official Website — 6-K · Dec 10, 2024 Risk: low
  Galaxy Payroll Group Ltd. announced a change to its official website, effective December 9, 2024. The company's previous website, https://galaxy-hk.com/, has be
• Galaxy Payroll Group Ltd Files 2024 Annual Report — 20-F · Nov 8, 2024 Risk: low
  Galaxy Payroll Group Ltd filed its annual report on Form 20-F for the fiscal year ended June 30, 2024. The company, incorporated in the British Virgin Islands,
• Galaxy Payroll Group IPO Over-Allotment Option Exercised — 6-K · Oct 15, 2024 Risk: low
  On October 15, 2024, R.F. Lafferty & Co., Inc., the underwriter for Galaxy Payroll Group Limited's initial public offering, exercised its over-allotment option
• Galaxy Payroll Group Ltd Closes IPO — 6-K · Sep 13, 2024 Risk: medium
  On September 13, 2024, Galaxy Payroll Group Limited successfully closed its initial public offering (IPO) by issuing 1,750,000 ordinary shares. The offering was

Risk Profile

Risk Assessment: Of GLXG's 17 recent filings, 2 were flagged as high-risk, 6 as medium-risk, and 9 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.

Key Executives

• Mr. Lao Wai Hong
• Mr. But Yiu Kong Kenneth
• Mr. Yeung Wai Cheung
• Wai Hong Lao

Industry Context

Galaxy Payroll Group operates in the payroll and HR services industry, a sector characterized by increasing demand for outsourced solutions due to complex labor laws and the need for efficiency. The industry is competitive, with established players and emerging fintech solutions vying for market share. Trends include automation, cloud-based platforms, and integrated HR solutions.

Top Tags

partnership (3) · compliance (2) · sec-filing (2) · delisting-risk (2) · financing (2) · foreign-private-issuer (2) · mou (2) · collaboration (2) · ipo (2) · Payroll Services (1)

Key Numbers

• Revenue: $27,429,319 HKD — Decreased by 9% from $30,124,952 HKD in FY2024
• Net Loss: $27,568,713 HKD — Reversed from a net income of $5,505,489 HKD in FY2024
• Selling, General and Administrative Expenses: $20,830,556 HKD — Increased by 130% from $9,047,204 HKD in FY2024
• Research and Development Expenses: $18,686,290 HKD — New expense category in FY2025, previously $0
• Loss from Operation: $27,758,397 HKD — Shifted from an income of $7,024,481 HKD in FY2024
• Cash and Cash Equivalents: $32,188,711 HKD — Increased from $10,855,128 HKD in FY2024
• Net cash provided by financing activities: $49,269,420 HKD — Significant source of cash in FY2025, up from a $13,286,626 HKD outflow in FY2024
• Class A Ordinary Shares outstanding: 1,441,265 — As of June 30, 2025, at par value $0.00625 per share
• Class B Ordinary Shares outstanding: 360,000 — As of June 30, 2025, at par value $0.00625 per share
• Accounts receivable, net: $3,581,852 HKD — Increased by 40% from $2,556,073 HKD in FY2024
• SEC File Number: 001-42269 — Identifies the specific SEC filing for Galaxy Payroll Group Ltd.
• Compliance Deadline: March 16, 2026 — This is the final date Galaxy Payroll Group Limited has to meet Nasdaq's minimum bid price requirement.
• Share Consolidation Ratio: 100:1 — Every 100 ordinary shares will be consolidated into 1 new ordinary share.
• Fiscal Year: 2024 — The report covers the fiscal year ending June 30, 2024.
• Filing Date: November 8, 2024 — The 20-F was filed on this date.

Frequently Asked Questions