Earnings Releases·Nov 3, 2026, 4:01 PM ET

Crexendo — Third Quarter 2026 Earnings Summary

Total revenue surged 44% year-over-year to $25.2 million in Q3 2026, driven by a 75% increase in service revenue to $15.1 million and a 78% jump in product revenue to $2.4 million.
Non-GAAP net income rose to $4.0 million ($0.12 per share) in Q3 2026 from $3.0 million ($0.10 per share) in Q3 2025, while Adjusted EBITDA increased to $4.0 million from $2.9 million; GAAP net income declined to $1.1 million due to higher operating expenses.
The company completed a strategic acquisition in the first nine months of 2026, utilizing $26.2 million in cash for investing activities and issuing $7.433 million in stock, which increased notes payable to $4.748 million.
Management highlighted strong momentum with 16 licensees secured year-to-date, support for over eight million end users, and active progress on the NetSapiens Flow platform and CAIRO AI ecosystem.
Cash and cash equivalents decreased to $26.2 million as of September 30, 2026, from $31.4 million at year-end 2025, while contract liabilities grew to $5.227 million total.