Crexendo (CXDO) financial statements
Crexendo reported revenue of $68M in fiscal 2025, up 25.0% a year over 9 years.
Net income was $5M and the operating margin 6.9%, against -30.3% in 2016.
Free cash flow was $9M.
The diluted share count rose 137% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Crexendo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9M | $10M | $12M | $14M | $16M | $28M | $38M | $53M | $61M | $68M |
| Cost of revenue | $4M | $549,000 | — | $4M | $5M | — | — | — | — | — |
| Gross profit | $5M | $10M | — | $10M | $11M | — | — | — | — | — |
| Research and development | $826,000 | $750,000 | $801,000 | $853,000 | $1M | $1M | $4M | $5M | $6M | $6M |
| Selling, general and admin | $7M | $7M | $7M | $8M | $9M | $19M | $25M | $28M | $30M | $32M |
| Operating income | -$3M | -$734,000 | -$206,000 | $1M | $991,000 | -$3M | -$37M | -$2M | $2M | $5M |
| Interest expense | $138,000 | $209,000 | $12,000 | $12,000 | $76,000 | $84,000 | $78,000 | $115,000 | — | — |
| Pre-tax income | -$3M | -$922,000 | -$208,000 | $1M | $2M | -$3M | -$36M | -$264,000 | $2M | $5M |
| Income tax | $12,000 | $7,000 | $15,000 | $6,000 | $6M | -$465,000 | -$762,000 | $98,000 | $212,000 | $300,000 |
| Net income | -$3M | -$929,000 | -$223,000 | $1M | $8M | -$2M | -$35M | -$362,000 | $2M | $5M |
| EPS (diluted) | -$0.21 | -$0.07 | -$0.02 | $0.07 | $0.46 | -$0.12 | -$1.54 | -$0.01 | $0.06 | $0.16 |
| Diluted shares | 13M | 14M | 14M | 16M | 17M | 20.28B | 23M | 26M | 30M | 32M |
| Gross margin | 60.2% | 94.6% | — | 69.9% | 69.8% | — | — | — | — | — |
| Operating margin | -30.3% | -7.2% | -1.7% | 7.9% | 6.0% | -10.0% | -99.6% | -3.2% | 3.0% | 6.9% |
| Net margin | -30.6% | -9.1% | -1.9% | 7.9% | 48.5% | -8.7% | -94.3% | -0.7% | 2.8% | 7.4% |
Balance sheet
Fiscal years, from Crexendo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $0 | $1M | $2M | $4M | $18M | $7M | $5M | $10M | $18M | $31M |
| Receivables | $346,000 | $372,000 | $419,000 | $380,000 | $538,000 | $2M | $3M | $3M | $4M | $5M |
| Inventory | $170,000 | $131,000 | $270,000 | $382,000 | $504,000 | $231,000 | $679,000 | $382,000 | $393,000 | $454,000 |
| Total current assets | $2M | $3M | $3M | $6M | $20M | $12M | $12M | $17M | $27M | $42M |
| Property, plant and equipment | $18,000 | $8,000 | $124,000 | $155,000 | $3M | $3M | $3M | $670,000 | $394,000 | $195,000 |
| Goodwill | $272,000 | $272,000 | $272,000 | $272,000 | $272,000 | $37M | $9M | $9M | $9M | $9M |
| Total assets | $4M | $4M | $5M | $8M | $31M | $77M | $56M | $56M | $65M | $78M |
| Total current liabilities | $2M | $2M | $2M | $3M | $3M | $11M | $10M | $10M | $12M | $12M |
| Long-term debt | $966,000 | $10,000 | $0 | — | — | — | — | — | — | — |
| Total liabilities | $3M | $2M | $3M | $3M | $5M | $11M | $14M | $12M | $14M | $14M |
| Shareholders' equity | $515,000 | $2M | $2M | $4M | $26M | $66M | $41M | $45M | $51M | $64M |
| Net debt | $966,000 | -$1M | -$2M | -$4M | -$18M | -$7M | -$5M | -$10M | -$18M | -$31M |
Cash flow
Fiscal years, from Crexendo's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1M | $294,000 | $452,000 | $2M | $647,000 | -$1M | -$411,000 | $3M | $6M | $9M |
| Capital spending | — | — | — | $0 | $2M | $629,000 | $289,882 | $92,860 | $27,000 | $18,000 |
| Free cash flow | — | — | — | $2M | -$1M | -$2M | -$700,882 | $3M | $6M | $9M |
| Stock-based compensation | $653,000 | $573,000 | $438,000 | $399,000 | $623,000 | $2M | $4M | $4M | $3M | $3M |
| Dividends paid | — | — | — | — | — | $0 | $462,000 | $130,000 | $0 | — |
| Free cash flow margin | — | — | — | 11.3% | -8.3% | -5.8% | -1.9% | 6.4% | 10.3% | 13.6% |
| Dividends per share | — | — | — | — | — | — | $0.02 | $0.01 | — | — |
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Open CXDO in InvestinglyQuestions
What was Crexendo's revenue in 2025?
$68M in fiscal 2025, from its 10-K filing.
How much free cash flow does Crexendo generate?
$9M in fiscal 2025 (operating cash flow minus capital spending).
From Crexendo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.