CXDONasdaqTelephone Communications (No Radiotelephone)US GAAP · USD

Crexendo, Inc.

Crexendo, Inc. is a U.S.-based communications software and services company focused on cloud telephony, UCaaS, and related managed IT offerings for business customers. It operates through two segments: cloud telecommunications services and software solutions, combining direct retail sales with a large partner/channel network and a software platform used by more than six million end users globally.

Revenue68.2m USD
+12.0 %y/y
Operating profit (EBIT)4.7m USD
+157.1 %y/y
EBIT margin6.9%
+3.9 ppy/y
Net income5.1m USD
+202.4 %y/y
Free cash flow9.3m USD
+48.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50-250255075m USD2020: 16 m USD2020: EBIT 0.99 m USD20202021: 28 m USD2021: EBIT -2.8 m USD20212022: 38 m USD2022: EBIT -37 m USD20222023: 53 m USD2023: EBIT -1.7 m USD20232024: 61 m USD2024: EBIT 1.8 m USD20242025: 68 m USD2025: EBIT 4.7 m USD2025684.7
RevenueOperating profit (EBIT)

Business

Share of revenue
Cloud telecommunications services56 %

Hosted voice and cloud communications services sold directly to business customers.

Software solutions44 %

UCaaS platform software and related software offerings sold through subscribers and partners.

Customers

Crexendo serves businesses of all sizes, with emphasis on enterprise and mid-market customers that need cloud-based voice, video, and contact center communications. It also sells through resellers, master agents, and other channel partners, making indirect sales a core part of its go-to-market model. Software subscribers and direct retail customers use its platform to support communications infrastructure and managed IT needs.

Enterprise and mid-market business customers

Buy cloud voice, video, contact center, and managed IT services for day-to-day communications.

Channel partners and resellers

Sell Crexendo products to end customers and expand reach into enterprise accounts.

UCaaS software subscribers

Use the platform software to power communications services for their own customer bases.

Direct retail customers

Purchase hosted communications services directly from Crexendo, often for simpler deployment.

Strategy

Crexendo is consolidating customers onto the VIP communication platform while retaining some legacy Ride the Cloud customers during migration. It is also expanding through indirect channels and aiming to deepen enterprise penetration, while using its infrastructure and software stack to improve scalability, uptime, and operating efficiency.

Platform migration to Crexendo VIPShort term

Consolidating customers on one platform should lower operating complexity and improve efficiency.

Channel expansionMedium term

A larger reseller and master-agent network is essential to broaden reach and sustain revenue growth.

Enterprise market growthMedium term

Enterprise and mid-market accounts can increase recurring revenue and deepen platform usage.

Geography

Q1/2026

Crexendo is headquartered in Tempe, Arizona and generates business primarily in the United States, while its software platform supports users globally. The company also faces cross-border data transfer and localization issues because its cloud communications products can be used in multiple jurisdictions. No country-level revenue split was disclosed in the provided excerpts.

Other countries (US filing)100 %

Risks

Crexendo’s business depends on uptime, channel partners, and third-party cloud/carrier infrastructure, so service disruptions or partner losses can quickly affect revenue and customer retention. Competition is intense and barriers to entry are relatively low, while cyberattacks, data localization rules, and customer churn can raise costs or limit growth. The company also faces execution risk in migrating customers to a single platform and in retaining key technical and sales employees.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Service level failures and uptime breaches1Channel partner concentration and reseller loss2Cybersecurity and SIP-based attack vectors3Customer migration execution risk4Cross-border data localization and transfer restrictions5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Service level failures and uptime breachesImpact: HighLikelihood: Medium

    Enterprise contracts and VIP guarantees can require credits, refunds, or termination rights if performance falls short.

    Exposure: Cloud telecommunications services and software solutions customers

  2. Channel partner concentration and reseller lossImpact: HighLikelihood: Medium

    A substantial portion of sales depends on resellers and master agents with no long-term commitment.

    Exposure: Indirect sales channel

  3. Cybersecurity and SIP-based attack vectorsImpact: HighLikelihood: Medium

    Cloud communications platforms are exposed to ransomware, intrusion, and service disruption risk.

    Exposure: UCaaS and cloud infrastructure

  4. Customer migration execution riskImpact: MediumLikelihood: Medium

    Moving customers from legacy systems to VIP could create service issues and cancellations if not managed well.

    Exposure: Installed customer base

  5. Cross-border data localization and transfer restrictionsImpact: MediumLikelihood: Medium

    Foreign privacy and localization laws may require redesign of infrastructure or limit market access.

    Exposure: International users and data flows

Accounting

Judgemental items
Revenue mix and timing

Service, software, and product revenue are recognized differently and can change reported margins.

Impact: Affects quarterly comparability and segment profitability

Adjusted EBITDA adjustments

Share-based compensation and related payroll taxes are excluded from non-GAAP results.

Impact: Can materially change the view of operating performance

Service credits and SLA obligations

Uptime guarantees and contract service levels may create refund or credit liabilities.

Impact: Affects revenue, accruals, and customer retention costs

Goodwill and intangible assets

Prior acquisitions and platform assets may require impairment testing if growth slows.

Impact: Could create non-cash charges to earnings

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Crexendo, Inc. (CXDO) Revenue, Earnings & Financials 2025 – Clarifo