Crexendo stock: Q3 revenue climbs 44% to $25.2 million
Published on 11/09/2026 at 03:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat Crexendo reported
- Service revenue rose 75 percent year over year, while software solutions revenue increased 2 percent.
- GAAP net income declined from the prior-year quarter, but adjusted EBITDA increased to 4.0 million US dollars.
- Management added five NetSapiens licensees in the quarter and is targeting the first half of 2027 for NetSapiens Flow.
Crexendo reported third-quarter results on November 3, 2026, with revenue growth led by its service business. The company said the quarter included continued platform adoption, progress in artificial intelligence products and contributions from its ESI acquisition.
According to the 8-K filing reproduced by StockTitan, service revenue increased 75 percent year over year to 15.1 million US dollars. Software solutions revenue rose 2 percent to 7.7 million US dollars, while product revenue advanced 78 percent to 2.4 million US dollars.
Profitability remained mixed
GAAP net income was 1.1 million US dollars, compared with 1.5 million US dollars in the third quarter of 2025. Adjusted EBITDA increased to 4.0 million US dollars from 2.9 million US dollars, reflecting stronger operating earnings after adjustments for non-cash and acquisition-related items.
For the first nine months, operating cash flow reached 9.7 million US dollars. Investing cash use totaled 26.2 million US dollars, primarily because of a business acquisition, while cash and cash equivalents stood at 22.8 million US dollars at September 30.
Product roadmap stays central
Crexendo added five NetSapiens platform licensees during the quarter, taking the year-to-date total to 16. Management said its solutions support more than eight million end users through a global network of more than 250 cloud communication platform software subscribers and its direct offering.
The company is targeting the first half of 2027 for the release of NetSapiens Flow. Its CAIRO artificial intelligence receptionist is designed to answer calls, route conversations and schedule appointments, adding another potential growth path to the existing cloud communications portfolio.
Crexendo provides cloud communication platform software, unified communications as a service, voice, video, contact center and managed IT services for businesses. Its offering overlaps with larger communications providers such as RingCentral, 8x8 and Zoom, while Crexendo remains focused on a more specialized cloud communications and service-provider model.
Crexendo company facts
- Company: Crexendo, Inc.
- ISIN: US2265521078
- Ticker: CXDO
- Exchange: Nasdaq
- Headquarters: Tempe, Arizona, United States
- Sector: Communication Services
- Third-quarter period: Ended September 30, 2026
Broader market conditions remain relevant for communication software companies; see current S&P 500 market coverage.
More results, company updates and analysis are available in more news and analyses on Crexendo stock.
