Crexendo, Inc.
Business
Crexendo, Inc. is a cloud communications software company providing unified communications as a service (UCaaS) and voice, video, contact center, and managed IT services to businesses globally. The company offers cloud telecommunications services with recurring monthly subscriptions, enhanced features, and equipment sales, alongside software solutions including SNAPsolution and SNAPaccel platforms licensed to service providers. Core segments are cloud telecommunications services and software solutions, distributed through direct retail, over 240 cloud communication platform software subscribers, and supporting over seven million end users worldwide.
Summary from 10-K filed 2026-03-03
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Service revenue | 34 | 32 | 30 | 20 | 17 | |
| Software solutions revenue | 30 | 23 | 18 | 15 | 9 | |
| Product revenue | 5 | 6 | 5 | 3 | 2 | |
| Total revenue | 68 | 61 | 53 | 38 | 28 | |
| Cost of service revenue | 14 | 13 | 13 | 7 | 5 | |
| Cost of software solutions revenue | 8 | 7 | 6 | 5 | 4 | |
| Cost of product revenue | 3 | 3 | 3 | 2 | 2 | |
| Selling and marketing | 18 | 17 | 15 | 12 | 8 | |
| General and administrative | 15 | 14 | 14 | 13 | 11 | |
| Research and development | 6 | 6 | 5 | 4 | 1 | |
| Total operating expenses | 63 | 59 | 55 | 75 | 31 | |
| Income/(loss) from operations | 5 | 2 | −2 | −37 | −3 | |
| Interest income | 637,000 | 191,000 | 2,000 | 0 | — | |
| Interest expense | −19,000 | −42,000 | −115,000 | — | — | |
| Other income/(expense) | 63,000 | −84,000 | 79,000 | 1 | −100,000 | |
| Total other income/(expense), net | 681,000 | 65,000 | 1 | — | −100,000 | |
| Income/(loss) before income tax | 5 | 2 | −264,000 | −36 | −3 | |
| Income tax benefit/(provision) | −300,000 | −212,000 | −98,000 | 762,000 | 465,000 | |
| Net income/(loss) | 5 | 2 | −362,000 | −35 | −2 | |
| Basic (per share) | 0.17 | 0.06 | −0.01 | −1.54 | −0.12 | |
| Diluted (per share) | 0.16 | 0.06 | −0.01 | −1.54 | −0.12 | |
| Basic (shares) | 30 | 27 | 26 | 23 | 20,276 | |
| Diluted (shares) | 32 | 30 | 26 | 23 | 20,276 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-10-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 31 | 18 | 10 | 5 | — | |
| Trade receivables, net of allowance of $124 and $146, respectively | 5 | 4 | 3 | 3 | — | |
| Inventories | 454,000 | 393,000 | 382,000 | 679,000 | — | |
| Equipment financing receivables, net of allowance of $50 and $69, respectively | 1 | 1 | 856,000 | 635,000 | — | |
| Contract costs | 2 | 2 | — | — | — | |
| Prepaid expenses | 892,000 | 876,000 | 508,000 | 431,000 | — | |
| Income tax receivable | 234,000 | 75,000 | 0 | — | — | |
| Other current assets | 292,000 | 13,000 | 35,000 | 674,000 | — | |
| Total current assets | 42 | 27 | 17 | 12 | — | |
| Contract assets, net of allowance of $145 and $127, respectively | 402,000 | 406,000 | 342,000 | — | — | |
| Long-term equipment financing receivables, net of allowance of $107 and $157, respectively | 3 | 2 | — | — | — | |
| Property and equipment, net | 195,000 | 394,000 | 670,000 | 3 | — | |
| Operating lease right-of-use assets | 1 | 1 | 1 | 1 | — | |
| Intangible assets, net | 18 | 21 | 24 | 27 | — | |
| Goodwill | 9 | 9 | 9 | 9 | — | |
| Contract costs, net of current portion | 3 | 3 | 2 | 1 | — | |
| Other long-term assets | 330,000 | 507,000 | 139,000 | 150,000 | — | |
| Total Assets | 78 | 65 | 56 | 56 | — | |
| Accounts payable | 649,000 | 1 | 769,000 | 1 | — | |
| Accrued expenses | 8 | 7 | 6 | 5 | — | |
| Finance leases | 2,000 | 21,000 | 75,000 | 95,000 | — | |
| Notes payable | 114,000 | 478,000 | 457,000 | 420,000 | — | |
| Operating lease liabilities | 493,000 | 481,000 | 566,000 | 363,000 | — | |
| Income tax payable | 151,000 | 40,000 | 53,000 | 79,000 | — | |
| Contract liabilities | 3 | 3 | 2 | 3 | — | |
| Total current liabilities | 12 | 12 | 10 | 10 | — | |
| Contract liabilities, net of current portion | 1 | 293,000 | 198,000 | 247,000 | — | |
| Finance leases, net of current portion | 0 | 2,000 | 23,000 | 98,000 | — | |
| Notes payable, net of current portion | 0 | 114,000 | 592,000 | 3 | — | |
| Operating lease liabilities, net of current portion | 529,000 | 1 | 473,000 | 752,000 | — | |
| Total liabilities | 14 | 14 | 12 | 14 | — | |
| Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued | 0 | 0 | 0 | 0 | — | |
| Common stock, par value $0.001 per share - authorized 50,000,000 shares, 31,004,327 shares issued and outstanding as of December 31, 2025 and 27,621,557 shares issued and outstanding as of December 31, 2024 | 31,000 | 28,000 | 26,000 | 26,000 | 2 | |
| Additional paid-in capital | 145 | 138 | 133 | 129 | — | |
| Accumulated deficit | −82 | −87 | −88 | −88 | — | |
| Accumulated other comprehensive income | 184,000 | 160,000 | 166,000 | 187,000 | — | |
| Total stockholders' equity | 64 | 51 | 45 | 41 | — | |
| Total Liabilities and Stockholders' Equity | 78 | 65 | 56 | 56 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Net income/(loss) | 5 | 2 | — | −35 | −2 | |
| Depreciation and amortization | 3 | 3 | 4 | 3 | 2 | |
| Share-based compensation | 3 | 3 | 4 | 4 | — | |
| Non-cash operating lease amortization | 4,000 | −18,000 | — | — | — | |
| Allowance for credit losses | −73,000 | 127,000 | — | — | — | |
| Trade receivables | −539,000 | −906,000 | 164,000 | −361,000 | −501,000 | |
| Contract assets | −14,000 | −106,000 | 109,000 | −57,000 | −102,000 | |
| Equipment financing receivables | −1 | −877,000 | −905,000 | −616,000 | −82,000 | |
| Inventories | −61,000 | −11,000 | −297,000 | 36,000 | 285,000 | |
| Contract costs | −827,000 | −1 | 1 | −788,000 | −270,000 | |
| Prepaid expenses | −16,000 | −368,000 | 77,000 | −25,000 | −92,000 | |
| Income tax receivable | −159,000 | −75,000 | 0 | 11,000 | −7,000 | |
| Other assets | −512,000 | −346,000 | −651,000 | −544,000 | 245,000 | |
| Accounts payable and accrued expenses | 1 | 1 | 623,000 | 246,000 | −245,000 | |
| Income tax payable | 111,000 | −13,000 | −26,000 | 55,000 | 24,000 | |
| Contract liabilities | 164,000 | 784,000 | −997,000 | −360,000 | −571,000 | |
| Net cash provided by/(used in) operating activities | 9 | 6 | 3 | −411,000 | −1 | |
| Purchase of property and equipment | −18,000 | −27,000 | −92,000 | −289,000 | −101,000 | |
| Net cash provided by/(used in) investing activities | −18,000 | −27,000 | 4 | −2 | −10 | |
| Repayments made on finance leases | −21,000 | −75,000 | −95,000 | −110,000 | −99,000 | |
| Repayments made on notes payable | −478,000 | −457,000 | −2 | −90,000 | −71,000 | |
| Proceeds from exercise of options | 5 | 2 | 241,000 | 816,000 | 2 | |
| Taxes paid on the net settlement of stock options and RSUs | −489,000 | −243,000 | — | — | — | |
| Net cash provided by/(used for) financing activities | 4 | 2 | −2 | −54,000 | 650,000 | |
| Effect of exchange rate changes on cash | 24,000 | −6,000 | −21,000 | 175,000 | 12,000 | |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | 13 | 8 | 5 | −2 | −10 | |
| Income taxes, net | −361,000 | −300,000 | −121,000 | −118,000 | −15,000 | |
| Interest expense | −17,000 | −32,000 | −115,000 | −78,000 | −84,000 | |
| Capitalized software development costs | 410,000 | 0 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Crexendo, Inc.'s CIK number?
Crexendo, Inc.'s SEC CIK number is 0001075736 (1075736). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Crexendo, Inc.'s SEC filings?
All of Crexendo, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Crexendo, Inc. last report earnings?
Crexendo, Inc. (CXDO) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001654954-26-004361). This is Crexendo, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Crexendo, Inc.'s most recent earnings 8-K?
Crexendo, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001654954-26-004361. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Crexendo, Inc.'s latest earnings 8-K →
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