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8X8 INC /DE/
EGHTCIK 0001023731NasdaqAcceleratedServices-Computer Processing & Data PreparationDelawareFY ends Mar 31
Period
FY 2026
Revenue
$735.75M
Net Income
$1.65M
Total Assets
$662.82M
Equity
$146.61M
Shares Out
141.19M
Op. Cash Flow
$55.79M
Business
8x8 Inc /DE/ provides integrated, cloud-native customer experience and business communications solutions designed to unify customer and employee engagement across enterprises. Its main offerings include the AI-powered 8x8 Platform for CX and products such as UCaaS (8x8 Work), CCaaS (8x8 Contact Center), CPaaS APIs (communications-as-a-service), and 8x8 Engage with embedded AI features. The company organizes its business around unified platform capabilities, partner integrations, and lifecycle customer success functions. It sells globally through direct and indirect channels, a technology partner ecosystem, resellers, distributors, and carrier partnerships across over 160 countries.
Summary from filing dated 2025-05-22
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Revenue | 736 | 715 | 729 | |
| Total cost of revenue | 261 | 230 | 225 | |
| Gross profit | 475 | 485 | 504 | |
| Operating expenses: | — | — | — | |
| Research and development | 113 | 123 | 136 | |
| Sales and marketing | 252 | 264 | 272 | |
| General and administrative | 91 | 82 | 112 | |
| Impairment of long-lived assets | 0 | 0 | 11 | |
| Total operating expenses | 456 | 470 | 531 | |
| Income (loss) from operations | 19 | 15 | −28 | |
| Interest expense | 18 | 29 | 40 | |
| Other income (expense), net | 2 | −10 | 3 | |
| Income (loss) before provision for income taxes | 4 | −24 | −64 | |
| Provision for income taxes | 2 | 3 | 4 | |
| Net income (loss) | 2 | −27 | −68 | |
| Net income (loss) per share: | — | — | — | |
| Basic (in dollars per share) | 0.01 | −0.21 | −0.56 | |
| Diluted (in dollars per share) | 0.01 | −0.21 | −0.56 | |
| Weighted average number of shares: | — | — | — | |
| Basic (in shares) | 138 | 130 | 121 | |
| Diluted (in shares) | 143 | 130 | 121 | |
| Comprehensive income (loss) | — | — | — | |
| Net income (loss) | 2 | −27 | −68 | |
| Unrealized gain (loss) on investments in securities | 0 | −5,000 | 280,000 | |
| Foreign currency translation adjustment | 3 | 2 | 1 | |
| Comprehensive income (loss) | 5 | −25 | −66 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and cash equivalents | 93 | 88 | |
| Restricted cash | 2 | 462,000 | |
| Accounts receivable, net | 57 | 50 | |
| Deferred contract acquisition costs | 25 | 31 | |
| Other current assets | 33 | 35 | |
| Total current assets | 210 | 204 | |
| Property and equipment, net | 46 | 48 | |
| Operating lease, right-of-use assets | 27 | 34 | |
| Intangible assets, net | 58 | 68 | |
| Goodwill | 276 | 272 | |
| Restricted cash, non-current | 0 | 812,000 | |
| Deferred contract acquisition costs, non-current | 35 | 44 | |
| Other assets, non-current | 12 | 13 | |
| Total assets | 663 | 683 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts payable | 37 | 46 | |
| Accrued and other liabilities | 70 | 63 | |
| Operating lease liabilities | 10 | 11 | |
| Deferred revenue | 37 | 38 | |
| Term loan, current | 39 | 12 | |
| Total current liabilities | 193 | 169 | |
| Operating lease liabilities, non-current | 39 | 49 | |
| Deferred revenue, non-current | 181,000 | 706,000 | |
| Convertible senior notes, non-current | 200 | 199 | |
| Term loan | 82 | 140 | |
| Other liabilities, non-current | 2 | 3 | |
| Total liabilities | 516 | 561 | |
| Commitments and contingencies (Note 7) | — | — | |
| Stockholders' equity: | — | — | |
| Preferred stock: $0.001 par value, 5,000 shares authorized, none issued and outstanding as of March 31, 2026 and 2025 | 0 | 0 | |
| Common stock: $0.001 par value, $300,000 shares authorized, 141,164 shares and $134,355 shares issued and outstanding at March 31, 2026 and 2025, respectively | 141,000 | 134,000 | |
| Additional paid-in capital | 1,039 | 1,019 | |
| Accumulated other comprehensive loss | −6 | −9 | |
| Accumulated deficit | −886 | −888 | |
| Total stockholders' equity | 147 | 122 | |
| Total liabilities and stockholders' equity | 663 | 683 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Cash flows from operating activities: | — | — | — | |
| Net loss | 2 | −27 | −68 | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | — | — | — | |
| Depreciation | 7 | 7 | 8 | |
| Amortization of intangible assets | 14 | 19 | 20 | |
| Amortization of capitalized internal-use software costs | 11 | 13 | 18 | |
| Amortization of debt discount and issuance costs | 1 | 2 | 4 | |
| Amortization of deferred contract acquisition costs | 33 | 38 | 40 | |
| Allowance for credit losses | −438,000 | 2 | 2 | |
| Operating lease expense, net of accretion | 11 | 12 | 11 | |
| Impairment of right-of-use assets | 0 | 0 | 11 | |
| Stock-based compensation expense | 20 | 40 | 62 | |
| Loss on debt extinguishment | −147,000 | −12 | −2 | |
| Gain on remeasurement of warrants | −864,000 | −2 | −2 | |
| Loss on disposal of assets | 0 | 0 | −179,000 | |
| Other | −185,000 | −346,000 | 680,000 | |
| Changes in assets and liabilities: | — | — | — | |
| Accounts receivable, net | 6 | −8 | −753,000 | |
| Deferred contract acquisition costs | 17 | 24 | 23 | |
| Other current and non-current assets | 450,000 | 8 | 2 | |
| Accounts payable and accrued liabilities | −17 | −25 | −4 | |
| Deferred revenue | −2 | −3 | −3 | |
| Net cash provided by operating activities | 56 | 64 | 79 | |
| Cash flows from investing activities: | — | — | — | |
| Purchases of property and equipment | 4 | 2 | 3 | |
| Capitalized internal-use software costs | 12 | 11 | 14 | |
| Purchases of investments | 0 | 0 | 6 | |
| Purchase of cost investment | 0 | 771,000 | 0 | |
| Maturities of investments | 0 | 1 | 32 | |
| Business combination, net of cash acquired | 5 | 3 | 0 | |
| Net cash provided by (used in) investing activities | −21 | −16 | 9 | |
| Cash flows from financing activities: | — | — | — | |
| Proceeds from issuance of common stock under employee stock plans | 3 | 4 | 5 | |
| Repurchase of common stock | 2 | 0 | 0 | |
| Payments for debt issuance and amendment costs | 70,000 | 2 | 0 | |
| Repayment of principal on term loan | 30 | 273 | 25 | |
| Gross proceeds from term loan | 0 | 200 | 0 | |
| Repayment and exchange of convertible notes | 0 | 0 | 63 | |
| Other financing activities | −1 | −4 | 0 | |
| Net cash used in financing activities | −30 | −75 | −83 | |
| Effect of exchange rate changes on cash | 1 | 577,000 | −126,000 | |
| Net increase (decrease) in cash and cash equivalents | 6 | −27 | 4 | |
| Cash, cash equivalents and restricted cash, end of year | — | — | — | |
| Cash, cash equivalents and restricted cash, end of year | — | — | — | |
| Supplemental and non-cash disclosures: | — | — | — | |
| Interest paid | 17 | 26 | 36 | |
| Income taxes paid | 2 | 4 | 6 | |
| Payables and accruals for property and equipment | 16,000 | 132,000 | 4 | |
| Issuance of common stock for business combinations | 0 | 544,000 | 0 |
Filings
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