Crexendo, Inc.
- Open
- 7.47
- Day high
- 7.96
- Day low
- 7.35
- Prev close
- 7.47
- Volume
- 199K
- Mkt cap
- $257M
- P/E (TTM)
- 53.0
- EPS (TTM)
- $0.15
- P/B
- 3.5
- P/S
- 3.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$23.9M over the last 3 months (1 open-market buy, 31 sales)
- 🏛Institutions accumulating (13F)
Crexendo, Inc. (CXDO) is a Communication Services company listed on NASDAQ. The stock is up 17% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 31 sales (SEC Form 4).
Crexendo, Inc. (CXDO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CXDO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.08 | $0.10 | +25.0% | $21M | +5.5% |
| Mar 3, 2026 | $0.08 | $0.09 | +12.5% | $18M | -9.8% |
| Nov 4, 2025 | $0.08 | $0.10 | +25.0% | $17M | -3.5% |
| Mar 4, 2025 | $0.05 | $0.06 | +20.0% | $16M | +3.9% |
| Mar 5, 2024 | $0.04 | $0.06 | +50.0% | $14M | +2.6% |
| Nov 9, 2023 | $0.02 | $0.12 | +439.3% | $14M | +0.3% |
| Aug 10, 2023 | $0.01 | $0.04 | +263.6% | $13M | +7.1% |
| Mar 14, 2023 | $0.03 | $0.09 | +230.3% | $11M | +7.1% |
| Nov 10, 2022 | $0.02 | $0.03 | +71.4% | $9M | +1.8% |
| May 12, 2022 | $0.01 | $0.02 | +160.8% | $8M | -4.3% |
| Mar 21, 2022 | $0.03 | $0.02 | -27.3% | $9M | +2.0% |
| Mar 9, 2021 | $0.01 | $0.37 | +2366.7% | $4M | — |
CXDO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | Gaylor Douglas Walterofficer: Chief Operating Officer | Tax | 76 | $6.92 |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Tax | 1,594 | $8.93 |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Tax | 1,140 | $7.57 |
| Jun 30, 2026 | Gaylor Douglas Walterofficer: Chief Operating Officer | Tax | 77 | $6.92 |
| Jun 30, 2026 | Gaylor Douglas Walterofficer: Chief Operating Officer | Option | 278 | — |
| Jun 30, 2026 | Gaylor Douglas Walterofficer: Chief Operating Officer | Option | 1,110 | — |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Option | 278 | — |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Tax | 77 | $8.93 |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Option | 1,110 | — |
| Jun 30, 2026 | Gaylor Douglas Walterofficer: Chief Operating Officer | Tax | 304 | $7.23 |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Tax | 471 | $7.23 |
| Jun 30, 2026 | KORN JEFFREY Gofficer: Chief Executive Officer | Option | 1,110 | — |
| Jun 30, 2026 | KORN JEFFREY Gofficer: Chief Executive Officer | Option | 278 | — |
| Jun 30, 2026 | KORN JEFFREY Gofficer: Chief Executive Officer | Tax | 271 | $7.23 |
| Jun 30, 2026 | Vincent Ronofficer: Chief Financial Officer | Option | 277 | — |
Source: CXDO SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full CXDO insider & 13F page →Crexendo, Inc. company profile
Overview
Crexendo, Inc. (NASDAQ:CXDO) is a cloud-based telecommunications and unified communications provider founded in 1995 and headquartered in Tempe, Arizona. Originally incorporated as iMergent, Inc., the company rebranded to Crexendo in May 2011 and went public in March 2018. The company has evolved from a traditional telecommunications provider into a comprehensive cloud communications platform, serving businesses across the United States, Canada, and internationally. After experiencing significant losses in 2022, Crexendo has successfully turned around its operations, achieving seven consecutive quarters of GAAP profitability as of Q1 2025 while maintaining double-digit revenue growth.
Business
Crexendo operates in the cloud communications industry, providing unified communications as a service (UCaaS) and related business solutions. The company's core offering is its cloud-based telecommunications platform that enables businesses to make and receive phone calls, conduct video conferences, and collaborate through internet-based technology rather than traditional phone lines. The company operates through two primary business segments: 1. Cloud Telecommunications (approximately 75% of revenue): This segment provides cloud-based phone systems, call routing, and communication services to businesses. The technology converts voice signals into digital data packets that travel over the internet, eliminating the need for traditional phone infrastructure. Services include hosted voice solutions, contact center capabilities, and broadband internet reselling. The segment also involves selling and leasing telecommunications equipment to customers. 2. Software Solutions (approximately 25% of revenue): This segment licenses Crexendo's proprietary NetSapiens platform to other telecommunications service providers, who then offer white-labeled services to their own customers. The platform supports over 6 million end-users globally and serves as the underlying technology infrastructure for hundreds of service providers. This B2B2C model allows other companies to offer cloud communications without developing their own technology. The company also maintains a smaller Web Services segment that provides website hosting and professional services, though this represents a minimal portion of total revenue. Crexendo's platform integrates artificial intelligence features, including AI-powered contact centers, call recording with sentiment analysis, and video collaboration tools.
Revenue model
Crexendo generates revenue through multiple complementary business models. In its Cloud Telecommunications segment, the company earns monthly recurring revenue from businesses that subscribe to its hosted phone and communication services, typically charging around $20 per user per month for retail customers. The company also generates revenue from equipment sales and leasing, as well as broadband internet service reselling. The Software Solutions segment operates on a licensing model, where telecommunications service providers pay monthly fees to use Crexendo's NetSapiens platform. These wholesale customers typically pay around $6,000 monthly per licensee, with pricing based on usage sessions rather than seat counts. This "sessions not seats" pricing model provides flexibility for customers and creates scalable revenue streams for Crexendo. Several factors influence the company's margins and profitability. Positive margin drivers include the highly scalable nature of software licensing (which achieves 73-78% gross margins), economies of scale as the platform grows, and the migration from legacy systems that reduces operational complexity. The company's transition to Oracle Cloud Infrastructure is expected to reduce hosting costs while improving service reliability. Margin pressures come from competitive pricing in the telecommunications market, the need for continuous technology investment and platform development, customer acquisition costs, and the integration expenses associated with strategic acquisitions. The company's hardware and equipment sales generate lower margins (around 41-43%) compared to software and services, making the revenue mix an important factor in overall profitability.
Competitive moat
Crexendo's competitive moat is moderate but strengthening, built primarily around its proprietary technology platform and market positioning. The company has established itself as the third-largest cloud communications platform provider in the United States, behind only Cisco's BroadSoft and Microsoft's platforms. This scale provides advantages in terms of feature development, reliability, and cost efficiency. The company's key competitive advantages include its flexible "sessions not seats" pricing model, which differentiates it from traditional per-user pricing structures, and its open API architecture that allows extensive customization and integration. Crexendo has achieved the #1 ranking in customer satisfaction across 18 categories on G2.com, indicating strong customer loyalty and service quality that creates switching costs. However, the moat faces significant challenges. The cloud communications market is highly competitive, with well-funded competitors including Microsoft Teams, Cisco, RingCentral, and numerous smaller providers. Technology disruption represents a constant threat, as the industry evolves rapidly with new features, AI integration, and changing customer expectations. Large technology companies with substantial resources could potentially replicate Crexendo's offerings or acquire competitors. The company's recent success in attracting customers from disrupted platforms (Microsoft's Metaswitch and Cisco's systems) demonstrates both opportunity and vulnerability - while Crexendo benefits from competitors' instability, it could face similar disruption if larger players make strategic moves. The moat is primarily operational rather than structural, requiring continuous investment in technology, customer service, and feature development to maintain competitive positioning.
Risks & safety
Crexendo demonstrates a strong financial safety profile with minimal solvency risk and conservative capital structure. • Liquidity and Cash Position: $21.2 million in cash and short-term investments as of Q1 2025, with positive free cash flow generation of $1.2 million quarterly and $6.3 million annually in 2024 • Debt and Leverage: Very low debt-to-equity ratio of 3.3%, indicating minimal financial leverage and low bankruptcy risk • Working Capital: Strong current ratio of 2.71 and quick ratio of 2.66, providing substantial liquidity cushion • Profitability Trend: Seven consecutive quarters of GAAP profitability after previous losses, with improving operational efficiency • Valuation Metrics: Trading at 29x P/E ratio and 14.7x EV/EBITDA, which appears reasonable for a growing technology company but not deeply undervalued • Other Considerations: Recurring revenue model provides predictable cash flows, strong backlog of $85.6 million provides revenue visibility, and management has demonstrated disciplined cost control and operational improvements
Recent development
Over the past few years, Crexendo has undergone significant strategic transformation and operational improvements. The company completed a major platform migration from its legacy Classic system to the modern VIP platform, consolidating its technology infrastructure and improving operational efficiency. This migration involved closing six hosted data centers and transitioning to Oracle Cloud Infrastructure, which is expected to reduce costs while enhancing service capabilities. A key strategic pivot has been the company's focus on artificial intelligence integration, launching AI-powered solutions including Video AI Studio, Voice AI Studio, and Contact Center AI. These features include ChatGPT-powered contact centers, AI-driven call recording with sentiment analysis, and automated customer service capabilities. The company has successfully capitalized on market disruption from competitors, particularly attracting customers migrating away from Microsoft's Metaswitch and Cisco's BroadSoft platforms. In 2024, Crexendo acquired seven Microsoft Metaswitch licensees and three Cisco BroadSoft licensees, representing significant growth opportunities in a market with an estimated 2,000 potential licensees. International expansion has accelerated, with 39% growth in international revenues and the addition of the company's first licensee in Africa. The company has strengthened its presence in the UK, Australia, and other international markets, though international revenue still represents less than 5% of total revenue. Management has implemented disciplined cost control measures while investing strategically in growth, achieving the transition from losses in 2022 to consistent profitability. The company is actively evaluating acquisition opportunities within its ecosystem of 220+ existing licensees, focusing on accretive deals that can expand customer base and revenue streams.
CXDO company profile · for informational purposes only — not investment advice.
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