CXDO · Crexendo, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $68.17M | $60.84M | $53.20M | $37.55M | $28.09M | $16.39M |
| Cost of Revenue | - | - | - | - | - | $4.95M |
| Gross Profit | - | - | - | - | - | $11.44M |
| R&D | $5.72M | $5.55M | $4.86M | $3.96M | $1.40M | $1.19M |
| SG&A | $14.72M | $13.83M | $13.79M | $12.90M | $10.59M | $5.11M |
| Total Operating Expenses | $63.48M | $59.01M | $54.89M | $74.95M | $30.90M | $15.40M |
| D&A | $217.0K | $303.0K | $404.0K | $311.00M | $1.63M | $258.0K |
| Operating Income | $4.69M | $1.82M | ($1.69M) | ($37.39M) | ($2.81M) | $991.0K |
| Interest Expense | - | - | $115.0K | $78.0K | $84.0K | $76.0K |
| Income Tax | $300.0K | $212.0K | $98.0K | ($762.0K) | $465.0K | ($6.04M) |
| Net Income | $5.07M | $1.68M | ($362.0K) | ($35.41M) | ($2.44M) | $7.94M |
| EPS - Basic | $0.17 | $0.06 | ($0.01) | ($1.54) | ($0.12) | $0.50 |
| EPS - Diluted | $0.16 | $0.06 | ($0.01) | ($1.54) | ($0.12) | $0.46 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $31.38M | $18.19M | $10.35M | $5.47M | $7.47M | $17.58M |
| Accounts Receivable | $4.91M | $4.35M | $3.48M | $3.30M | $2.18M | $538.0K |
| Inventory | $454.0K | $393.0K | $382.0K | $679.0K | $231.0K | $504.0K |
| Accounts Payable | $649.0K | $1.00M | $769.0K | $1.21M | $476.0K | $56.0K |
| Current Assets | $41.90M | $26.88M | $17.29M | $12.35M | $11.56M | $19.78M |
| Total Assets | $77.69M | $64.94M | $56.16M | $55.63M | $77.15M | $30.70M |
| Current Liabilities | $12.33M | $12.09M | $10.26M | $10.39M | $10.57M | $2.56M |
| Long-term Debt | $114.0K | $592.0K | - | $3.02M | $1.87M | $1.94M |
| Total Liabilities | $13.87M | $13.53M | $11.55M | $14.18M | $11.22M | $4.94M |
| Stockholders' Equity | $63.82M | $51.41M | $44.61M | $41.46M | $65.93M | $25.76M |
| Retained Earnings | ($81.72M) | ($86.79M) | ($88.47M) | ($87.95M) | ($52.53M) | ($50.09M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.30M | $6.28M | $3.50M | ($411.0K) | ($1.01M) | $647.0K |
| Investing Cash Flow | ($18.0K) | ($27.0K) | $3.70M | ($1.70M) | $650.0K | ($921.0K) |
| Financing Cash Flow | $3.88M | $1.59M | ($2.31M) | ($54.0K) | ($9.87M) | $13.67M |
| CapEx | $18.0K | $27.0K | $92.0K | $101.0K | - | - |
| Free Cash Flow | $9.28M | $6.26M | $3.41M | ($512.0K) | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | 69.8% |
| Operating margin | 6.9% | 3.0% | -3.2% | -99.6% | -10.0% | 6.0% |
| EBITDA margin | 7.2% | 3.5% | -2.4% | 728.6% | -4.2% | 7.6% |
| Net margin | 7.4% | 2.8% | -0.7% | -94.3% | -8.7% | 48.5% |
| Free cash flow margin | 13.6% | 10.3% | 6.4% | -1.4% | - | - |
| FCF / Net income | 1.83 | 3.73 | -9.41 | 0.01 | - | - |
| R&D / Revenue | 8.4% | 9.1% | 9.1% | 10.5% | 5.0% | 7.3% |
| SG&A / Revenue | 21.6% | 22.7% | 25.9% | 34.4% | 37.7% | 31.2% |
| Effective tax rate | 5.6% | 11.2% | - | - | - | -318.1% |
| Return on assets | 6.5% | 2.6% | -0.6% | -63.7% | -3.2% | 25.9% |
| Return on equity | 7.9% | 3.3% | -0.8% | -85.4% | -3.7% | 30.8% |
| Return on invested capital | 6.9% | 3.1% | - | -66.4% | -3.3% | 3.6% |
| Liquidity | ||||||
| Current ratio | 3.40 | 2.22 | 1.69 | 1.19 | 1.09 | 7.72 |
| Quick ratio | 3.36 | 2.19 | 1.65 | 1.12 | 1.07 | 7.52 |
| Cash ratio | 2.55 | 1.50 | 1.01 | 0.53 | 0.71 | 6.86 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.01 | - | 0.07 | 0.03 | 0.08 |
| Debt / Assets | 0.00 | 0.01 | - | 0.05 | 0.02 | 0.06 |
| Debt / EBITDA | 0.02 | 0.28 | - | 0.01 | - | 1.56 |
| Interest coverage | - | - | -14.7x | -479.4x | -33.5x | 13.0x |
| Equity multiplier | 1.22 | 1.26 | 1.26 | 1.34 | 1.17 | 1.19 |
| Liabilities / Assets | 0.18 | 0.21 | 0.21 | 0.25 | 0.15 | 0.16 |
| Efficiency | ||||||
| Asset turnover | 0.88 | 0.94 | 0.95 | 0.68 | 0.36 | 0.53 |
| Inventory turnover | - | - | - | - | - | 9.82 |
| Days sales outstanding | 26d | 26d | 24d | 32d | 28d | 12d |
| Days inventory outstanding | - | - | - | - | - | 37d |
| Days payable outstanding | - | - | - | - | - | 4d |
| Cash conversion cycle | - | - | - | - | - | 45d |
| Valuation | ||||||
| P / E | 40.4x | 87.2x | - | - | - | 15.1x |
| P / B | 3.2x | 3.1x | 2.8x | 1051.3x | 1.5x | 4.7x |
| P / S | 3.0x | 2.6x | 2.4x | 1160.6x | 3.6x | 7.4x |
| EV / EBITDA | 35.3x | 65.5x | - | 159.3x | - | 84.1x |
| Growth | ||||||
| Revenue growth (YoY) | 12.0% | 14.4% | 41.7% | 33.7% | 71.4% | 13.5% |
| Revenue CAGR (3y) | 22.0% | 29.4% | 48.1% | 37.5% | 33.1% | 16.5% |
| Revenue CAGR (5y) | 33.0% | 33.3% | 34.9% | 29.3% | 25.2% | 15.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 157.1% | - | 95.5% | -1230.7% | - | -12.7% |
| Net income growth (YoY) | 202.4% | - | 99.0% | -1348.4% | - | 597.1% |
| EPS growth (YoY) | 166.7% | - | 99.4% | -1183.3% | - | 557.1% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | -19.0% | -3.0% | - | - | - | - |
| FCF growth (YoY) | 48.3% | 83.7% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 24.1% | 15.2% | 7.6% | -37.1% | 155.9% | 487.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$204.50M totalReportable Segment$68.17M · 33.3%
Cloud Telecommunications Segment$38.50M · 18.8%
Cloud Telecommunications Service Segment$38.50M · 18.8%
Software Solution Segment$29.66M · 14.5%
Software Solutions Segment$29.66M · 14.5%
Product / service
$38.50M totalService$33.78M · 87.7%
Product$4.72M · 12.3%
Geographic
$68.17M totalUnited State$63.87M · 93.7%
International$4.30M · 6.3%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.38
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Telephone Communications (No Radiotelephone)
Comparing Crexendo against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Mar 30, 2023 | $0.0050 |
| Nov 25, 2022 | $0.0050 |
| Aug 22, 2022 | $0.0050 |
| May 26, 2022 | $0.0050 |
| Feb 17, 2022 | $0.0050 |