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Crexendo, Inc. provides cloud communication platform software and unified communications as a service in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The company offers hardware, software, and unified internet protocol or cloud technology for businesses using user interfaces, such as a Crexendo branded and third party desktop phones and/or mobile and desktop applications; develop end user portals for account management, license management, billing and customer support, and adopt other cloud technologies; and sale and lease of cloud telecommunications equipment. It also provides unified communications, video conferencing, and collaboration and contact center solutions comprising SNAPsolution, an IP-based platform that provides a broad suite of unified communications services, including hosted Private Branch Exchange, auto-attendant, call center, conferencing, and mobility; and SNAPaccel, a software-as-a-service based software. In addition, the company offers subscription maintenance and support services; and professional services, including consulting, technical support, resident engineer, and design and installation services. The company was formerly known as iMergent, Inc. and changed its name to Crexendo, Inc. in May 2011. The company was incorporated in 1995 and is headquartered in Tempe, Arizona.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $68M | $9M | $5M | $9M | 7.9% | 12.0% | 202.4% |
| 2024 | $61M | $5M | $2M | $6M | 3.3% | 14.4% | - |
| 2023 | $53M | $3M | $-0M | $3M | -0.8% | 41.7% | - |
| 2022 | $38M | $-33M | $-35M | $-1M | -85.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 37.55 | 53.20 | 60.84 | 68.17 |
| Cost Of Revenue | 13.68 | 21.56 | 23.09 | 25.26 |
| Gross Profit | 23.87 | 31.64 | 37.74 | 42.90 |
| Operating Expense | 28.58 | 33.32 | 35.92 | 38.21 |
| Operating Income | -4.71 | -1.69 | 1.82 | 4.69 |
| EBITDA | -33.35 | 3.42 | 5.26 | 8.69 |
| EBIT | -36.10 | -0.15 | 1.93 | 5.39 |
| Pretax Income | -36.17 | -0.26 | 1.89 | 5.37 |
| Tax Provision | -0.76 | 0.10 | 0.21 | 0.30 |
| Net Income | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income Common Stockholders | -35.41 | -0.36 | 1.68 | 5.07 |
| Total Expenses | 42.27 | 54.89 | 59.01 | 63.48 |
| Interest Expense | 0.08 | 0.12 | 0.04 | 0.02 |
| Interest Income | 0 | 0 | 0.19 | 0.64 |
| Research And Development | 3.96 | 4.86 | 5.55 | 5.72 |
| Selling General And Administration | 24.63 | 28.46 | 30.37 | 32.49 |
| Normalized EBITDA | -0.67 | 1.97 | 5.26 | 8.69 |
| Normalized Income | -3.42 | -1.51 | 1.68 | 5.07 |
| Basic EPS | -1.54 | -0.01 | 0.06 | 0.17 |
| Diluted EPS | -1.54 | -0.01 | 0.06 | 0.16 |
| Tax Effect Of Unusual Items | -0.69 | 0.31 | 0 | 0 |
| Tax Rate For Calcs | 0.02 | 0.21 | 0.11 | 0.06 |
| Total Unusual Items | -32.68 | 1.46 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -32.68 | 1.46 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -35.41 | -0.36 | 1.68 | 5.07 |
| Reconciled Depreciation | 2.75 | 3.57 | 3.33 | 3.29 |
| Reconciled Cost Of Revenue | 13.68 | 21.56 | 23.09 | 25.26 |
| Net Interest Income | -0.08 | -0.11 | 0.15 | 0.62 |
| Net Income From Continuing And Discontinued Operation | -35.41 | -0.36 | 1.68 | 5.07 |
| Total Operating Income As Reported | -37.39 | -1.69 | 1.82 | 4.69 |
| Diluted Average Shares | 22.94 | 25.94 | 30.02 | 31.64 |
| Basic Average Shares | 22.94 | 25.94 | 26.76 | 29.68 |
| Diluted NI Availto Com Stockholders | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income Including Noncontrolling Interests | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income Continuous Operations | -35.41 | -0.36 | 1.68 | 5.07 |
| Other Income Expense | -31.38 | 1.54 | -0.08 | 0.06 |
| Other Non Operating Income Expenses | 1.29 | 0.08 | -0.08 | 0.06 |
| Special Income Charges | -32.68 | 1.46 | 0 | 0 |
| Gain On Sale Of Ppe | 0 | 1.46 | 0 | 0 |
| Impairment Of Capital Assets | 32.68 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.08 | -0.11 | 0.15 | 0.62 |
| Interest Expense Non Operating | 0.08 | 0.12 | 0.04 | 0.02 |
| Interest Income Non Operating | 0 | 0 | 0.19 | 0.64 |
| Selling And Marketing Expense | 11.72 | 14.67 | 16.54 | 17.77 |
| General And Administrative Expense | 12.90 | 13.79 | 13.83 | 14.72 |
| Other Gand A | 12.90 | 13.79 | 13.83 | 14.72 |
| Operating Revenue | 37.55 | 53.20 | 60.84 | 68.17 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Crexendo, Inc.this co. | CXDO | $209M | 41.00↑ premium | 3.19 | 7.9% | 23.83 |
| National CineMedia, Inc. | NCMI | $333M | - | 0.89 | -2.8% | 13.48 |
| Starz Entertainment Corp. | STRZ | $293M | - | 0.45 | -27.6% | 7.17 |
| Angi Inc. | ANGI | $289M | 7.60 | 0.31 | 4.7% | 4.13 |
| ZipRecruiter, Inc. | ZIP | $233M | - |
| -3.13 |
| 42.7% |
| -26.72 |
| CuriosityStream Inc. | CURI | $183M | - | 4.38 | -15.5% | 21.55 |
| The Arena Group Holdings, Inc. | AREN | $109M | 3.83 | -22.77 | -2587.7% | 4.50 |
| Travelzoo | TZOO | $106M | 25.63 | -14.16 | -194.0% | 15.89 |
| Gaia, Inc. | GAIA | $75M | - | 0.85 | -4.4% | 30.55 |
| Peer Median | - | 7.60 | 0.38 | -9.9% | 10.32 | |