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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% | -563.3% |
| 2023 | $53M | $3M | $-0M | $3M | -0.8% | 41.7% | -99.0% |
| 2022 | $38M | $-33M | $-35M | $-1M | -85.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 37.55 | 53.20 | 60.84 | 68.17 |
| Operating Revenue | - | 37.55 | 53.20 | 60.84 | 68.17 |
| Cost Of Revenue | - | 13.68 | 21.56 | 23.10 | 25.26 |
| Gross Profit | - | 23.87 | 31.64 | 37.74 | 42.90 |
| Operating Expense | - | 28.58 | 33.32 | 35.92 | 38.21 |
| Research And Development | - | 3.96 | 4.86 | 5.55 | 5.72 |
| Selling General And Administration | - | 24.63 | 28.46 | 30.37 | 32.49 |
| Total Expenses | - | 42.27 | 54.89 | 59.01 | 63.48 |
| Operating Income | - | -4.71 | -1.69 | 1.82 | 4.69 |
| Total Operating Income As Reported | - | -37.39 | -1.69 | 1.82 | 4.69 |
| EBITDA | - | -33.35 | 3.42 | 5.26 | 8.68 |
| Normalized EBITDA | - | -0.67 | 1.96 | 5.26 | 8.68 |
| EBIT | - | -36.10 | -0.15 | 1.93 | 5.39 |
| Interest Income | - | 0 | 0 | 0.19 | 0.64 |
| Interest Expense | - | 0.08 | 0.12 | 0.04 | 0.02 |
| Net Interest Income | - | -0.08 | -0.11 | 0.15 | 0.62 |
| Other Non Operating Income Expenses | - | 1.30 | 0.08 | -0.08 | 0.06 |
| Other Income Expense | - | -31.38 | 1.54 | -0.08 | 0.06 |
| Interest Income Non Operating | - | 0 | 0 | 0.19 | 0.64 |
| Interest Expense Non Operating | - | 0.08 | 0.12 | 0.04 | 0.02 |
| Net Non Operating Interest Income Expense | - | -0.08 | -0.11 | 0.15 | 0.62 |
| Pretax Income | - | -36.17 | -0.26 | 1.89 | 5.37 |
| Tax Provision | - | -0.76 | 0.10 | 0.21 | 0.30 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.69 | 0.31 | 0 | 0 |
| Net Income Continuous Operations | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income From Continuing And Discontinued Operation | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income From Continuing Operation Net Minority Interest | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income Common Stockholders | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Net Income Including Noncontrolling Interests | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Normalized Income | - | -3.42 | -1.51 | 1.68 | 5.07 |
| Diluted NI Availto Com Stockholders | - | -35.41 | -0.36 | 1.68 | 5.07 |
| Basic Average Shares | - | 22.94 | 25.94 | 26.76 | 29.68 |
| Diluted Average Shares | - | 22.94 | 25.94 | 30.02 | 31.64 |
| Reconciled Depreciation | - | 2.75 | 3.57 | 3.33 | 3.30 |
| Reconciled Cost Of Revenue | - | 13.68 | 21.56 | 23.10 | 25.26 |
| Total Unusual Items | 0 | -32.68 | 1.46 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | -32.68 | 1.46 | 0 | - |
| Special Income Charges | 0 | -32.68 | 1.46 | 0 | - |
| Impairment Of Capital Assets | 0 | 32.68 | 0 | - | - |
| General And Administrative Expense | - | 12.90 | 13.79 | 13.83 | 14.72 |
| Other Gand A | - | 12.90 | 13.79 | 13.83 | 14.72 |
| Gain On Sale Of Ppe | - | 0 | 1.46 | 0 | - |
| Selling And Marketing Expense | - | 11.72 | 14.67 | 16.54 | 17.77 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Crexendo, Inc.this co. | CXDO | $289M | 57.05 | 4.53 | 7.9% | 29.83 |
| Dave & Buster's Entertainment, Inc. | PLAY | $388M | - | 4.26 | -53.4% | 9.90 |
| National CineMedia, Inc. | NCMI | $333M | -31.41 | 0.89 | -2.8% | 11.46 |
| Getty Images Holdings, Inc. | GETY | $330M | -1.60 | 0.60 | -37.3% | 38.16 |
| The E.W. Scripps Company | SSP | $306M |
| - |
| - |
| - |
| - |
| -3.03 |
| 0.37 |
| -12.2% |
| 11.85 |
| FuboTV Inc. | FUBO | $299M | -1.74 | 1.52 | -87.7% | -4.54 |
| ZipRecruiter, Inc. | ZIP | $271M | -8.20 | -3.51 | 42.7% | 55.81 |
| Angi Inc. | ANGI | $261M | 5.96 | 0.28 | 4.7% | 3.60 |
| CuriosityStream Inc. | CURI | $191M | -29.80 | 4.62 | -15.5% | 24.02 |
| Peer Median | - | -3.03 | 0.74 | -13.8% | 11.65 | |