CXApp Inc.

Listed Company

CXAIWCIK 0001820875NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$4.58M

Net Income

$-13.47M

Total Assets

$32.43M

Equity

$13.98M

Shares Out

57.12M

Op. Cash Flow

$-10.38M

Business

CXApp Inc. provides AI-powered employee experience solutions via an enterprise-grade, cloud-based, mobile-first platform that enhances workplace engagement, productivity, and operational efficiency. Its offerings include the CXAI Platform—comprising CXAI Apps (iOS, Android, web), the CXAI BTS AI engine, and CXAI‑VU generative AI analytics—delivered as a vertical SaaS with professional services for implementation and digitized mapping. The company operates through product development, R&D, sales and professional services and maintains four operating subsidiaries. CXApp sells primarily to enterprise customers across industries such as technology, financial services, healthcare and corporate real estate via direct sales, channel partners and recurring SaaS contracts with global deployments.

Summary from filing dated 2025-04-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	5	7	—	—	—
Cost of Revenues	578,000	1	—	—	—
Gross Profit	4	6	6	—	—
Research and development	7	6	—	—	—
Sales and marketing	2	3	—	—	—
General and administrative	8	7	—	—	—
Amortization of intangible assets	3	3	—	—	—
Impairment of goodwill	2	0	—	—	—
Total Operating Expenses	22	20	—	—	—
Loss from Operations	−18	−14	—	−3	−1
Interest expense, net	−701,000	−2	—	421,504	68,295
Change in fair value of derivative liability	5	−3	—	—	—
Loss on debt extinguishment	−48,000	−1	—	—	—
Other income (expense), net	259,000	−342,000	—	—	—
Total Other Income (Expense)	4	−6	—	21	11
Loss, before tax	−14	−20	—	18	9
Deferred income tax benefit	46,000	635,000	—	−49,175	—
Net Loss	−13	−19	—	18	9
Unrealized foreign exchange gain (loss) from cumulative translation adjustments	−246,000	301,000	—	—	—
Comprehensive Loss	−14	−19	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11	5	—	—	—
Accounts receivable	789,000	2	—	—	—
Unbilled and other receivables	178,000	89,000	—	—	—
Prepaid expenses and other current assets	765,000	425,000	—	—	—
Total current assets	13	7	9	9	532,793
Property and equipment, net	39,000	64,000	—	—	—
Intangible assets, net	13	15	—	—	—
Operating lease right-of-use asset, net	224,000	465,000	—	—	—
Goodwill	7	9	—	—	—
Other assets	73,000	53,000	—	—	—
Total Assets	32	32	37	33	279
Accounts payable	766,000	509,000	—	—	—
Accrued liabilities	2	2	—	—	—
Deferred revenue	1	3	—	—	—
Warrant liability	1	5	2	—	—
Operating lease obligation, current	195,000	350,000	—	—	—
Promissory note, net	—	603,000	—	—	—
Total current liabilities	6	12	10	9	767,253
Operating lease obligation, noncurrent	31,000	123,000	—	—	—
Convertible debt	13	5	—	—	—
Total Liabilities	18	16	11	10	22
Additional paid-in capital	105	93	—	0	0
Accumulated deficit	−91	−77	—	−4	−21
Accumulated other comprehensive income (loss)	−30,000	216,000	—	—	—
Total Stockholders Equity	14	16	25	24	−21
Total Liabilities and Stockholders Equity	32	32	37	33	279

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	45,000	79,000	—	—
Amortization of right of use asset	386,000	391,000	—	—
Amortization of debt discount and deferred financing cost	—	862,000	—	—
Accrued interest expense on promissory note and convertible debt	881,000	817,000	—	—
Accrued monitoring fee on promissory note	—	273,000	—	—
Deferred income taxes	−46,000	−635,000	—	—
Stock-based compensation expense	3	3	—	—
(Gain) loss on foreign currency transactions	−245,000	316,000	—	—
Change in fair value of derivative liability	−5	3	—	—
(Gain) loss on contract to issue common stock	20,000	−68,000	—	—
Loss on asset disposal	4,000	—	—	—
Gain on debt settlement	−7,000	—	—	—
Accounts receivable and other receivables	825,000	372,000	—	—
Prepaid expenses and other current assets	−343,000	162,000	—	—
Other assets	−19,000	23,000	—	—
Accounts payable	264,000	−453,000	—	—
Accrued liabilities	−225,000	771,000	2	572,554
Operating lease liabilities	−392,000	−407,000	—	—
Deferred revenue	−1	−187,000	—	—
Net cash used in operating activities	−10	−7	−761,098	−595,321
Purchases of property and equipment	−23,000	−30,000	—	—
Net cash used in investing activities	−23,000	−30,000	275	—
Proceeds from issuance of convertible debt, net of issuance costs	16	6	—	—
Proceeds from at-the-market offering, net of issuance cost	648,000	—	—	—
Repayment of promissory note	—	−500,000	—	—
Net cash provided by financing activities	17	6	−275	−17,579
Effect of exchange rate changes on cash and cash equivalents	−13,000	−20,000	—	—
Net increase (decrease) in cash and cash equivalents	6	−1	−181,637	−612,900
Cash paid for taxes	—	29,000	—	—
Cash paid for interest	—	56,000	—	—
Financing of Directors and Officers Insurance	240,000	225,000	—	—
Common shares issued for debt extinguishment	9	7	—	—
Common shares issued as commitment shares	89,000	62,000	—	—
Right of use asset obtained in exchange for lease liability	144,000	393,000	—	—

Filings

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