NASDAQ : CXDO
Crexendo, Inc. — Financial statements
Communication Services · Telecom Services · United States
Last price 6.22 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 206.84M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Crexendo, Inc. (CXDO) reported revenue of 80.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 80.91M | 68.17M | 60.84M | 53.20M | 37.55M | 28.09M |
| Cost of Revenue | 30.02M | 25.20M | 23.01M | 21.48M | 13.61M | 10.60M |
| Gross Profit | 50.90M | 42.97M | 37.82M | 31.72M | 23.95M | 17.50M |
| Selling, General & Admin | 39.74M | 32.51M | 30.45M | 28.55M | 24.69M | 17.75M |
| Research & Development | 6.16M | 5.72M | 5.55M | 4.86M | 3.96M | 1.40M |
| Operating Expenses | 45.89M | 38.23M | 36.00M | 33.41M | 28.64M | 19.14M |
| Operating Income | 5.00M | 4.74M | 1.82M | -1.69M | -4.70M | -1.65M |
| Interest Expense | -66.00K | -19.00K | -42.00K | -115.00K | -78.00K | -84.00K |
| Interest & Investment Income | 655.00K | 637.00K | 191.00K | 2.00K | 1.00K | |
| Other Non Operating Income (Expenses) | 38.00K | 63.00K | -84.00K | 79.00K | 1.29M | -17.00K |
| EBT Excluding Unusual Items | 5.63M | 5.42M | 1.89M | -1.72M | -3.48M | -1.75M |
| Merger & Restructuring Charges | -1.07M | -51.00K | -18.00K | -1.04M | ||
| Impairment of Goodwill | -32.61M | |||||
| Gain (Loss) on Sale of Assets | 1.46M | |||||
| Asset Writedown | -69.00K | |||||
| Other Unusual Items | -126.00K | |||||
| Pretax Income | 4.56M | 5.37M | 1.89M | -264.00K | -36.17M | -2.91M |
| Income Tax Expense | 262.00K | 300.00K | 212.00K | 98.00K | -762.00K | -465.00K |
| Net Income | 4.30M | 5.07M | 1.68M | -362.00K | -35.41M | -2.44M |
| Net Income to Common | 4.30M | 5.07M | 1.68M | -362.00K | -35.41M | -2.44M |
| Shares Outstanding (Basic) | 31.39M | 29.68M | 26.76M | 25.94M | 22.94M | 20.28M |
| Shares Outstanding (Diluted) | 32.80M | 31.64M | 30.02M | 25.94M | 22.94M | 20.28M |
| EPS (Basic) | 0.14 | 0.17 | 0.06 | -0.01 | -1.54 | -0.12 |
| EPS (Diluted) | 0.13 | 0.16 | 0.06 | -0.01 | -1.54 | -0.12 |
| Free Cash Flow | 11.55M | 9.28M | 6.26M | 3.41M | -700.00K | -1.11M |
| Free Cash Flow Per Share | 0.35 | 0.29 | 0.21 | 0.13 | -0.03 | -0.06 |
| Dividend Per Share | 0.01 | 0.02 | ||||
| Gross Margin | 62.90% | 63.04% | 62.17% | 59.63% | 63.77% | 62.28% |
| Operating Margin | 6.18% | 6.96% | 3.00% | -3.17% | -12.50% | -5.86% |
| Profit Margin | 5.31% | 7.44% | 2.76% | -0.68% | -94.30% | -8.70% |
| Free Cash Flow Margin | 14.28% | 13.61% | 10.29% | 6.40% | -1.86% | -3.94% |
| EBITDA | 9.06M | 7.31M | 4.34M | 1.02M | -2.83M | -549.00K |
| EBITDA Margin | 11.20% | 10.72% | 7.14% | 1.93% | -7.54% | -1.95% |
| D&A For EBITDA | 4.06M | 2.56M | 2.52M | 2.71M | 1.86M | 1.10M |
| EBIT | 5.00M | 4.74M | 1.82M | -1.69M | -4.70M | -1.65M |
| EBIT Margin | 6.18% | 6.96% | 3.00% | -3.17% | -12.50% | -5.86% |
| Effective Tax Rate | 5.75% | 5.58% | 11.22% | |||
| Revenue as Reported | 80.91M | 68.17M | 60.84M | 53.20M | 37.55M | 28.09M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.29M | 31.38M | 18.19M | 10.35M | 5.47M | 7.47M |
| Cash & Short-Term Investments | 18.29M | 31.38M | 18.19M | 10.35M | 5.47M | 7.47M |
| Accounts Receivable | 9.04M | 6.33M | 5.40M | 4.33M | 4.25M | 2.77M |
| Other Receivables | 214.00K | 234.00K | 75.00K | 11.00K | ||
| Receivables | 9.26M | 6.56M | 5.48M | 4.33M | 4.25M | 2.78M |
| Inventory | 1.38M | 454.00K | 393.00K | 382.00K | 679.00K | 231.00K |
| Prepaid Expenses | 1.66M | 892.00K | 876.00K | 508.00K | 431.00K | 358.00K |
| Other Current Assets | 4.21M | 2.61M | 1.94M | 1.38M | 1.51M | 722.00K |
| Total Current Assets | 34.80M | 41.90M | 26.88M | 16.95M | 12.35M | 11.56M |
| Property, Plant & Equipment | 1.13M | 1.20M | 1.89M | 1.68M | 4.40M | 3.52M |
| Goodwill | 14.17M | 9.45M | 9.45M | 9.45M | 9.45M | 36.97M |
| Other Intangible Assets | 38.30M | 17.86M | 20.53M | 23.56M | 26.73M | 22.16M |
| Long-Term Accounts Receivable | 6.20M | 3.62M | 2.80M | 2.11M | 1.25M | 942.00K |
| Long-Term Deferred Tax Assets | 986.00K | |||||
| Long-Term Deferred Charges | 6.08M | 3.32M | 2.88M | 2.27M | 1.30M | 697.00K |
| Other Long-Term Assets | 361.00K | 330.00K | 507.00K | 139.00K | 150.00K | 313.00K |
| Total Assets | 101.04M | 77.69M | 64.94M | 56.16M | 55.63M | 77.15M |
| Accounts Payable | 1.38M | 649.00K | 1.00M | 769.00K | 1.21M | 476.00K |
| Accrued Expenses | 10.22M | 8.11M | 6.56M | 5.81M | 4.83M | 4.84M |
| Current Portion of Long-Term Debt | 454.00K | 114.00K | 478.00K | 457.00K | 420.00K | 1.87M |
| Current Portion of Leases | 512.00K | 495.00K | 502.00K | 641.00K | 458.00K | 557.00K |
| Current Income Taxes Payable | 148.00K | 151.00K | 40.00K | 53.00K | 79.00K | 34.00K |
| Current Unearned Revenue | 3.86M | 2.53M | 3.08M | 2.39M | 3.34M | 2.74M |
| Other Current Liabilities | 339.00K | 283.00K | 428.00K | 138.00K | 55.00K | 50.00K |
| Total Current Liabilities | 16.91M | 12.33M | 12.09M | 10.26M | 10.39M | 10.57M |
| Long-Term Debt | 4.41M | 114.00K | 592.00K | 2.69M | ||
| Long-Term Leases | 269.00K | 529.00K | 1.02M | 496.00K | 850.00K | 357.00K |
| Long-Term Unearned Revenue | 1.33M | 1.01M | 293.00K | 198.00K | 247.00K | 290.00K |
| Total Liabilities | 22.93M | 13.87M | 13.53M | 11.55M | 14.18M | 11.22M |
| Common Stock | 33.00K | 31.00K | 28.00K | 26.00K | 26.00K | 22.00K |
| Additional Paid-In Capital | 158.00M | 145.32M | 138.01M | 132.89M | 129.19M | 118.43M |
| Retained Earnings | -80.09M | -81.72M | -86.79M | -88.47M | -87.95M | -52.53M |
| Comprehensive Income & Other | 170.00K | 184.00K | 160.00K | 166.00K | 187.00K | 12.00K |
| Shareholders' Equity | 78.11M | 63.82M | 51.41M | 44.61M | 41.46M | 65.93M |
| Total Liabilities & Equity | 101.04M | 77.69M | 64.94M | 56.16M | 55.63M | 77.15M |
| Total Debt | 5.64M | 1.14M | 2.12M | 2.19M | 4.42M | 2.79M |
| Net Cash (Debt) | 12.65M | 30.24M | 16.07M | 8.16M | 1.06M | 4.68M |
| Net Cash Per Share | 0.39 | 0.96 | 0.54 | 0.31 | 0.05 | 0.23 |
| Filing Date Shares Outstanding | 33.25M | 31.15M | 27.90M | 26.28M | 25.70M | 22.27M |
| Total Common Shares Outstanding | 33.25M | 31.00M | 27.62M | 26.13M | 25.67M | 22.05M |
| Working Capital | 17.89M | 29.57M | 14.79M | 6.69M | 1.96M | 988.00K |
| Book Value Per Share | 2.35 | 2.06 | 1.86 | 1.71 | 1.62 | 2.99 |
| Tangible Book Value | 25.64M | 36.51M | 21.43M | 11.60M | 5.28M | 6.80M |
| Tangible Book Value Per Share | 0.77 | 1.18 | 0.78 | 0.44 | 0.21 | 0.31 |
| Land | 500.00K | 500.00K | ||||
| Buildings | 2.00M | 2.00M | ||||
| Machinery | 2.59M | 2.30M | 2.29M | 2.91M | 2.93M | 2.00M |
| Leasehold Improvements | 34.00K | 34.00K | 34.00K | 15.00K | 15.00K | 7.00K |
| Order Backlog | 46.85M | 41.72M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.30M | 5.07M | 1.68M | -362.00K | -35.41M | -2.44M |
| Depreciation & Amortization | 4.07M | 2.57M | 2.52M | 2.71M | 1.86M | 1.10M |
| Other Amortization | 681.00K | 730.00K | 812.00K | 860.00K | 882.00K | 528.00K |
| Loss (Gain) From Sale of Assets | -1.46M | |||||
| Asset Writedown & Restructuring Costs | 32.68M | |||||
| Stock-Based Compensation | 3.08M | 2.93M | 3.00M | 3.85M | 4.37M | 1.63M |
| Provision & Write-off of Bad Debts | 29.00K | -73.00K | 127.00K | 82.00K | ||
| Other Operating Activities | -3.00K | -18.00K | -4.00K | -2.39M | -499.00K | |
| Change in Accounts Receivable | -168.00K | -553.00K | -1.01M | -273.00K | -418.00K | -603.00K |
| Change in Inventory | 140.00K | -61.00K | -11.00K | 297.00K | 36.00K | 285.00K |
| Change in Accounts Payable | 755.00K | 1.04M | 1.27M | 623.00K | 246.00K | -245.00K |
| Change in Unearned Revenue | 548.00K | 164.00K | 784.00K | -997.00K | -360.00K | -571.00K |
| Change in Income Taxes | 117.00K | -48.00K | -88.00K | -26.00K | 66.00K | 17.00K |
| Change in Other Net Operating Assets | -1.99M | -2.48M | -2.78M | -1.80M | -1.97M | -199.00K |
| Operating Cash Flow | 11.55M | 9.30M | 6.28M | 3.50M | -411.00K | -1.01M |
| Capital Expenditures | -18.00K | -27.00K | -92.00K | -289.00K | -101.00K | |
| Sale of Property, Plant & Equipment | 3.79M | |||||
| Cash Acquisitions | -26.21M | -1.41M | -9.77M | |||
| Investing Cash Flow | -26.21M | -18.00K | -27.00K | 3.70M | -1.70M | -9.87M |
| Long-Term Debt Issued | 278.00K | 82.00K | ||||
| Long-Term Debt Repaid | -499.00K | -532.00K | -2.43M | -200.00K | -170.00K | |
| Net Debt Issued (Repaid) | 4.64M | -499.00K | -532.00K | -2.15M | -118.00K | -170.00K |
| Issuance of Common Stock | 5.76M | 4.87M | 2.37M | 241.00K | 816.00K | 1.73M |
| Repurchase of Common Stock | -719.00K | -489.00K | -243.00K | -264.00K | -290.00K | -163.00K |
| Common Dividends Paid | -130.00K | -462.00K | ||||
| Other Financing Activities | -147.00K | -746.00K | ||||
| Financing Cash Flow | 9.53M | 3.88M | 1.59M | -2.31M | -54.00K | 650.00K |
| Foreign Exchange Rate Adjustments | -36.00K | 24.00K | -6.00K | -21.00K | 175.00K | 12.00K |
| Net Cash Flow | -5.16M | 13.19M | 7.85M | 4.87M | -1.99M | -10.21M |
| Free Cash Flow | 11.55M | 9.28M | 6.26M | 3.41M | -700.00K | -1.11M |
| Free Cash Flow Margin | 14.28% | 13.61% | 10.29% | 6.40% | -1.86% | -3.94% |
| Free Cash Flow Per Share | 0.35 | 0.29 | 0.21 | 0.13 | -0.03 | -0.06 |
| Levered Free Cash Flow | 10.26M | 7.94M | 7.28M | 6.13M | 2.44M | 5.86M |
| Unlevered Free Cash Flow | 10.29M | 7.95M | 7.31M | 6.20M | 2.48M | 5.91M |
| Cash Interest Paid | 7.00K | 17.00K | 32.00K | 115.00K | 78.00K | 84.00K |
| Cash Income Tax Paid | 152.00K | 361.00K | 300.00K | 121.00K | 118.00K | 15.00K |
| Change in Working Capital | -597.00K | -1.93M | -1.83M | -2.18M | -2.40M | -1.32M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 192.54M | 198.83M | 141.74M | 126.27M | 47.91M | 108.43M |
| Enterprise Value | 179.89M | 171.63M | 128.74M | 121.01M | 45.54M | 103.74M |
| Last Close Price | 5.79 | 6.47 | 5.23 | 4.85 | 1.89 | 4.95 |
| PE Ratio | 44.76 | 39.21 | 84.52 | |||
| Forward PE | 14.68 | 19.33 | 24.05 | 35.93 | 21.52 | 44.76 |
| PS Ratio | 2.38 | 2.92 | 2.33 | 2.37 | 1.28 | 3.86 |
| PB Ratio | 2.46 | 3.12 | 2.76 | 2.83 | 1.16 | 1.64 |
| P/TBV Ratio | 7.51 | 5.45 | 6.61 | 10.88 | 9.07 | 15.95 |
| P/FCF Ratio | 16.67 | 21.43 | 22.65 | 37.06 | ||
| P/OCF Ratio | 16.67 | 21.39 | 22.56 | 36.09 | ||
| PEG Ratio | 0.93 | 0.99 | 4.01 | 4.11 | 4.11 | 5.59 |
| EV/Sales Ratio | 2.22 | 2.52 | 2.12 | 2.27 | 1.21 | 3.69 |
| EV/EBITDA Ratio | 19.85 | 23.49 | 29.64 | 118.17 | ||
| EV/EBIT Ratio | 35.96 | 36.20 | 70.58 | |||
| EV/FCF Ratio | 15.57 | 18.50 | 20.57 | 35.52 | ||
| Debt / Equity Ratio | 0.07 | 0.02 | 0.04 | 0.05 | 0.11 | 0.04 |
| Debt / EBITDA Ratio | 0.56 | 0.14 | 0.38 | 1.13 | ||
| Debt / FCF Ratio | 0.49 | 0.12 | 0.34 | 0.64 | ||
| Net Debt / Equity Ratio | -0.16 | -0.47 | -0.31 | -0.18 | -0.03 | -0.07 |
| Net Debt / EBITDA Ratio | -1.40 | -4.14 | -3.70 | -7.97 | 0.37 | 8.53 |
| Net Debt / FCF Ratio | -1.09 | -3.26 | -2.57 | -2.40 | 1.51 | 4.23 |
| Asset Turnover | 0.94 | 0.96 | 1.00 | 0.95 | 0.57 | 0.52 |
| Inventory Turnover | 30.05 | 59.49 | 59.39 | 40.48 | 29.90 | 28.84 |
| Quick Ratio | 1.63 | 3.08 | 1.96 | 1.43 | 0.94 | 0.97 |
| Current Ratio | 2.06 | 3.40 | 2.22 | 1.65 | 1.19 | 1.09 |
| Return on Equity (ROE) | 6.30% | 8.80% | 3.49% | -0.84% | -65.95% | -5.33% |
| Return on Assets (ROA) | 3.63% | 4.15% | 1.88% | -1.89% | -4.42% | -1.91% |
| Return on Invested Capital (ROIC) | 7.15% | 12.99% | 4.51% | -4.40% | -9.24% | -4.61% |
| Return on Capital Employed (ROCE) | 5.90% | 7.30% | 3.50% | -3.70% | -10.40% | -2.50% |
| Earnings Yield | 2.23% | 2.55% | 1.18% | -0.29% | -73.91% | -2.25% |
| FCF Yield | 6.00% | 4.67% | 4.41% | 2.70% | -1.46% | -1.02% |
| Dividend Yield | 0.10% | 1.07% | ||||
| Buyback Yield / Dilution | -6.87% | -5.40% | -15.71% | -13.10% | -13.14% | -16.39% |
| Total Shareholder Return | -6.87% | -5.40% | -15.71% | -13.00% | -12.07% | -16.39% |