CXDO on Nasdaq
Crexendo, Inc.
American telephone communications company, incorporated in Delaware.
$5.50 up 0.01 (0.09%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 18, 2026.
Overview
Compare with SurgePays, Inc., NextPlat Corp or Nuvera Communications, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
6.9%Operating margin4
7.4%Net margin4
12.0%Revenue growth, 20254
7.9%Return on equity4
0.00×Debt to equity4
$9.3MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service brought in 88% of the revenue Crexendo, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Service | $31.8M | $33.8M |
| Product | $5.6M | $4.7M |
Business segments
Cloud Telecommunications brought in 28% of the revenue Crexendo, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Cloud Telecommunications | $37.5M | $38.5M |
| Cloud Telecommunications Service | $37.5M | $38.5M |
| Software Solution | $23.4M | $29.7M |
| Software Solutions | $23.4M | $29.7M |
Regions
United State brought in 94% of the revenue Crexendo, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United State | $57.3M | $63.9M |
| International | $3.5M | $4.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development8¢$5.7M
- Other costs84¢$57.1M
- Income tax0¢$300.0K
- Profit7¢$5.1M
Out of $68.2M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending0¢$18.0K
- Kept or used elsewhere100¢$9.3M
Out of $9.3M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years (annual) or 8 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Service revenue | $33.8M | $31.8M |
| Software solutions revenue | $29.7M | $23.4M |
| Product revenue | $4.7M | $5.6M |
| Total revenue | $68.2M | $60.8M |
| Cost of service revenue | $14.2M | $13.1M |
| Cost of software solutions revenue | $8.3M | $6.8M |
| Cost of product revenue | $2.8M | $3.2M |
| Selling and marketing | $17.8M | $16.5M |
| General and administrative | $14.7M | $13.8M |
| Research and development | $5.7M | $5.6M |
| Total operating expenses | $63.5M | $59.0M |
| Income/(loss) from operations | $4.7M | $1.8M |
| Interest income | $637.0K | $191.0K |
| Interest expense | -$19.0K | -$42.0K |
| Other income/(expense) | $63.0K | -$84.0K |
| Total other income/(expense), net | $681.0K | $65.0K |
| Income/(loss) before income tax | $5.4M | $1.9M |
| Income tax benefit/(provision) | -$300.0K | -$212.0K |
| Net income/(loss) | $5.1M | $1.7M |
| Basic | $0.17 | $0.06 |
| Diluted | $0.16 | $0.06 |
| Basic | 29.7M shares | 26.8M shares |
| Diluted | 31.6M shares | 30.0M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Selling and marketing | $4.6M | $4.5M | $4.4M | $4.3M | $4.3M | $4.2M | $4.0M | $4.0M |
| General and administrative | $3.8M | $3.8M | $3.6M | $3.5M | $3.4M | $3.7M | $3.4M | $3.3M |
| Research and development | $1.3M | $1.4M | $1.4M | $1.5M | $1.5M | $1.5M | $1.3M | $1.2M |
| Total operating expenses | $16.9M | $16.2M | $15.4M | $14.9M | $15.6M | $15.5M | $14.1M | $13.8M |
| Income/(loss) from operations | $1.1M | $1.3M | $1.1M | $1.1M | $626.0K | $135.0K | $580.0K | $483.0K |
| Total other income/(expense), net | $251.0K | $188.0K | $177.0K | $65.0K | -$7.0K | $59.0K | $35.0K | -$22.0K |
| Income/(loss) before income tax | $1.4M | $1.5M | $1.3M | $1.2M | $619.0K | $194.0K | $615.0K | $461.0K |
| Net income/(loss) | $1.2M | $1.4M | $1.2M | $1.2M | $507.0K | $148.0K | $588.0K | $434.0K |
| Basic | $0.04 | $0.05 | $0.04 | $0.04 | $0.02 | $0.01 | $0.02 | $0.02 |
| Diluted | $0.04 | $0.05 | $0.04 | $0.04 | $0.02 | $0.00 | $0.02 | $0.01 |
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $31.4M | $18.2M | $10.3M |
| Trade receivables, net of allowance of $124 and $146, respectively | $4.9M | $4.4M | |
| Inventories | $454.0K | $393.0K | |
| Equipment financing receivables, net of allowance of $50 and $69, respectively | $1.4M | $1.0M | |
| Contract costs | $2.3M | $1.9M | |
| Prepaid expenses | $892.0K | $876.0K | |
| Income tax receivable | $234.0K | $75.0K | |
| Other current assets | $292.0K | $13.0K | |
| Total current assets | $41.9M | $26.9M | |
| Contract assets, net of allowance of $145 and $127, respectively | $402.0K | $406.0K | |
| Long-term equipment financing receivables, net of allowance of $107 and $157, respectively | $3.2M | $2.4M | |
| Property and equipment, net | $195.0K | $394.0K | |
| Operating lease right-of-use assets | $1.0M | $1.5M | |
| Intangible assets, net | $17.9M | $20.5M | |
| Goodwill | $9.5M | $9.5M | $9.5M |
| Contract costs, net of current portion | $3.3M | $2.9M | |
| Other long-term assets | $330.0K | $507.0K | |
| Total Assets | $77.7M | $64.9M | |
| Accounts payable | $649.0K | $1.0M | |
| Accrued expenses | $8.4M | $7.0M | |
| Finance leases | $2.0K | $21.0K | |
| Notes payable | $114.0K | $478.0K | |
| Operating lease liabilities | $493.0K | $481.0K | |
| Income tax payable | $151.0K | $40.0K | |
| Contract liabilities | $2.5M | $3.1M | |
| Total current liabilities | $12.3M | $12.1M | |
| Contract liabilities, net of current portion | $1.0M | $293.0K | |
| Finance leases, net of current portion | $0 | $2.0K | |
| Notes payable, net of current portion | $0 | $114.0K | |
| Operating lease liabilities, net of current portion | $529.0K | $1.0M | |
| Total liabilities | $13.9M | $13.5M | |
| Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued | $0 | $0 | |
| Common stock, par value $0.001 per share - authorized 50,000,000 shares, 31,004,327 shares issued and outstanding as of December 31, 2025 and 27,621,557 shares issued and outstanding as of December 31, 2024 | $31.0K | $28.0K | |
| Additional paid-in capital | $145.3M | $138.0M | |
| Accumulated deficit | -$81.7M | -$86.8M | |
| Accumulated other comprehensive income | $184.0K | $160.0K | |
| Total stockholders' equity | $63.8M | $51.4M | $44.6M |
| Total Liabilities and Stockholders' Equity | $77.7M | $64.9M | |
| Allowance for doubtful accounts - trade receivables | $124.0K | $146.0K | |
| Allowance for equipment financing receivable | $50.0K | $69.0K | |
| Allowance for contract assets | $145.0K | $127.0K | |
| Allowance for long term equipment financing receivable | $107.0K | $157.0K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, issued | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, authorized | 50.0M shares | 50.0M shares | |
| Common stock, issued | 31.0M shares | 27.6M shares | |
| Common stock, outstanding | 31.0M shares | 27.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $31.4M | $18.2M | $10.3M |
| Trade receivables, net of allowance of $124 and $146, respectively | $4.9M | $4.4M | |
| Inventories | $454.0K | $393.0K | |
| Equipment financing receivables, net of allowance of $50 and $69, respectively | $1.4M | $1.0M | |
| Contract costs | $2.3M | $1.9M | |
| Prepaid expenses | $892.0K | $876.0K | |
| Income tax receivable | $234.0K | $75.0K | |
| Other current assets | $292.0K | $13.0K | |
| Total current assets | $41.9M | $26.9M | |
| Contract assets, net of allowance of $145 and $127, respectively | $402.0K | $406.0K | |
| Long-term equipment financing receivables, net of allowance of $107 and $157, respectively | $3.2M | $2.4M | |
| Property and equipment, net | $195.0K | $394.0K | |
| Operating lease right-of-use assets | $1.0M | $1.5M | |
| Intangible assets, net | $17.9M | $20.5M | |
| Goodwill | $9.5M | $9.5M | $9.5M |
| Contract costs, net of current portion | $3.3M | $2.9M | |
| Other long-term assets | $330.0K | $507.0K | |
| Total Assets | $77.7M | $64.9M | |
| Accounts payable | $649.0K | $1.0M | |
| Accrued expenses | $8.4M | $7.0M | |
| Finance leases | $2.0K | $21.0K | |
| Notes payable | $114.0K | $478.0K | |
| Operating lease liabilities | $493.0K | $481.0K | |
| Income tax payable | $151.0K | $40.0K | |
| Contract liabilities | $2.5M | $3.1M | |
| Total current liabilities | $12.3M | $12.1M | |
| Contract liabilities, net of current portion | $1.0M | $293.0K | |
| Finance leases, net of current portion | $0 | $2.0K | |
| Notes payable, net of current portion | $0 | $114.0K | |
| Operating lease liabilities, net of current portion | $529.0K | $1.0M | |
| Total liabilities | $13.9M | $13.5M | |
| Preferred stock, par value $0.001 per share - authorized 5,000,000 shares; none issued | $0 | $0 | |
| Common stock, par value $0.001 per share - authorized 50,000,000 shares, 31,004,327 shares issued and outstanding as of December 31, 2025 and 27,621,557 shares issued and outstanding as of December 31, 2024 | $31.0K | $28.0K | |
| Additional paid-in capital | $145.3M | $138.0M | |
| Accumulated deficit | -$81.7M | -$86.8M | |
| Accumulated other comprehensive income | $184.0K | $160.0K | |
| Total stockholders' equity | $63.8M | $51.4M | $44.6M |
| Total Liabilities and Stockholders' Equity | $77.7M | $64.9M | |
| Allowance for doubtful accounts - trade receivables | $124.0K | $146.0K | |
| Allowance for equipment financing receivable | $50.0K | $69.0K | |
| Allowance for contract assets | $145.0K | $127.0K | |
| Allowance for long term equipment financing receivable | $107.0K | $157.0K | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, authorized | 5.0M shares | 5.0M shares | |
| Preferred stock, issued | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, authorized | 50.0M shares | 50.0M shares | |
| Common stock, issued | 31.0M shares | 27.6M shares | |
| Common stock, outstanding | 31.0M shares | 27.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income/(loss) | $5.1M | $1.7M |
| Depreciation and amortization | $3.3M | $3.3M |
| Share-based compensation | $2.9M | $3.0M |
| Non-cash operating lease amortization | $4.0K | -$18.0K |
| Allowance for credit losses | -$73.0K | $127.0K |
| Trade receivables | -$539.0K | -$906.0K |
| Contract assets | -$14.0K | -$106.0K |
| Equipment financing receivables | -$1.1M | -$877.0K |
| Inventories | -$61.0K | -$11.0K |
| Contract costs | -$827.0K | -$1.2M |
| Prepaid expenses | -$16.0K | -$368.0K |
| Income tax receivable | -$159.0K | -$75.0K |
| Other assets | -$512.0K | -$346.0K |
| Accounts payable and accrued expenses | $1.0M | $1.3M |
| Income tax payable | $111.0K | -$13.0K |
| Contract liabilities | $164.0K | $784.0K |
| Net cash provided by/(used in) operating activities | $9.3M | $6.3M |
| Purchase of property and equipment | -$18.0K | -$27.0K |
| Net cash provided by/(used in) investing activities | -$18.0K | -$27.0K |
| Repayments made on finance leases | -$21.0K | -$75.0K |
| Repayments made on notes payable | -$478.0K | -$457.0K |
| Proceeds from exercise of options | $4.9M | $2.4M |
| Taxes paid on the net settlement of stock options and RSUs | -$489.0K | -$243.0K |
| Net cash provided by/(used for) financing activities | $3.9M | $1.6M |
| Effect of exchange rate changes on cash | $24.0K | -$6.0K |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | $13.2M | $7.8M |
| Income taxes, net | -$361.0K | -$300.0K |
| Interest expense | -$17.0K | -$32.0K |
| Capitalized software development costs | $410.0K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Crexendo, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJeffrey G. Korn Mar 14, 2023 to now12
- Chief executive officerSteven G. Mihaylo Feb 17, 2009 to Dec 30, 202213
- Chief executive officerBrandon Lewis Apr 27, 2009 to Apr 27, 200914
- Chief executive officerDonald L. Danks Sep 18, 2006 to Feb 20, 200715
- PresidentBrandon Lewis May 18, 2006 to Apr 27, 200916
- Chief financial officerRon Vincent May 21, 2012 to now17
- Chief operating officerDouglas Walter Gaylor May 21, 2012 to now18
- Chief operating officerClint Sanderson Dec 16, 2010 to May 19, 201119
- Chief operating officerBrandon Lewis May 18, 2006 to Sep 24, 200816
Board members and other officers (21)
- Chief Technology OfficerChristopher Ryan Aaker Aug 5, 2026 to now20
- Chief Revenue OfficerJon Brinton Apr 13, 2021 to now21
- Chief Technology OfficerDavid Tzat-Kin Wang Jun 16, 2021 to now22
- Chief Strategy OfficerAnand Buch Jun 17, 2021 to now23
- Chief Technology OfficerSatish Bhagavatula May 21, 2012 to Jan 7, 201524
- Chief Administrative OfficerDavid Krietzberg Jun 24, 2009 to Mar 25, 201325
- Chief Technology OfficerDavid Lynn Rosenvall May 18, 2006 to May 19, 201126
- VP- OperationsDavid Wise Jul 6, 2006 to Jul 6, 200627
- Board memberChris McKee Mar 6, 2026 to now28
- Board memberL. Jasmine Kim May 20, 2026 to now29
- Board memberKevin Ar Nold Jackson Aug 14, 2024 to now30
- Board memberJeffrey Parr Bash Sep 6, 2013 to Mar 11, 202531
- Board memberSteven G. Mihaylo Sep 8, 2009 to now32
- Board memberRobert Michael Kamm Jan 13, 2006 to Mar 25, 201333
- Board memberPeter Fredericks May 16, 2006 to Jan 10, 200734
- Board memberBrandon Lewis May 18, 2006 to Sep 24, 200816
- Board memberThomas Scheiner Jul 6, 2006 to Nov 14, 200635
- Board memberDonald L. Danks Sep 18, 2006 to Feb 20, 200715
- Board memberTodd Andrew Goergen Dec 8, 2006 to now36
- Board memberCraig W. Rauchle Dec 13, 2006 to Mar 5, 201237
- General counselJeffrey G. Korn Feb 17, 2009 to Mar 9, 201738
Former names
Timeline
Filings
686 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 68 major events, 555 insider forms, 1 large holders, 42 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 8, 2026PRE 14A EDGAR
- Oct 6, 20264 PRIMARY DOCUMENT EDGAR
- Oct 6, 20264 PRIMARY DOCUMENT EDGAR
- Oct 6, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 29, 20264 PRIMARY DOCUMENT EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 9, 20264 PRIMARY DOCUMENT EDGAR
- Sep 1, 20264 PRIMARY DOCUMENT EDGAR
- Aug 27, 20264 PRIMARY DOCUMENT EDGAR
- Aug 27, 20264 PRIMARY DOCUMENT EDGAR
- Aug 27, 20264 PRIMARY DOCUMENT EDGAR
- Aug 13, 2026144 EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 20264 PRIMARY DOCUMENT EDGAR
The 686 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 1 such filings since October 2021:
- Nov 29, 2022SC 13D
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 1,065,200 | $8.0M | 0.0% | +205,905 |
| Royce & Associates LP | 1,020,452 | $7.6M | 0.1% | +323,390 |
| Vanguard Capital Management LLC | 817,100 | $6.1M | 0.0% | +72,058 |
| Essex Investment Management Co LLC | 710,874 | $5.3M | 0.7% | −32,112 |
| Goldman Sachs Group Inc | 491,747 | $3.7M | 0.0% | +404,911 |
| Geode Capital Management, LLC | 461,170 | $3.4M | 0.0% | +16,830 |
| Renaissance Technologies LLC | 450,981 | $3.4M | 0.0% | +104,244 |
| Dimensional Fund Advisors LP | 444,639 | $3.3M | 0.0% | +64,312 |
| Qube Research & Technologies Ltd | 424,362 | $3.2M | 0.0% | +354,467 |
| Arrowstreet Capital, Limited Partnership | 410,602 | $3.1M | 0.0% | +4,160 |
| Pembroke Management, LTD | 366,342 | $2.7M | 0.2% | +170,971 |
| Bard Associates Inc | 359,974 | $2.7M | 0.6% | −242,949 |
| Jane Street Group, LLC | 338,110 | $2.5M | 0.0% | +304,349 |
| State Street Corp | 328,350 | $2.5M | 0.0% | +68,231 |
| Legato Capital Management LLC | 239,385 | $1.8M | 0.1% | +6,809 |
| Perkins Capital Management Inc | 212,825 | $1.6M | 1.2% | +17,975 |
| MidFirst Bank | 197,346 | $1.5M | 0.1% | No change |
| Northern Trust Corp | 196,429 | $1.5M | 0.0% | +12,360 |
| Jacobs Levy Equity Management, Inc | 188,899 | $1.4M | 0.0% | +110,087 |
| Lazard Asset Management LLC | 184,086 | $1.4M | 0.0% | +158,980 |
| UBS Group AG | 174,232 | $1.3M | 0.0% | +115,116 |
| Sei Investments Co | 166,564 | $1.2M | 0.0% | −75,202 |
| Byrne Asset Management LLC | 12,865 | $1.2M | 0.6% | −1,365 |
| Susquehanna International Group, Llp | 147,533 | $1.1M | 0.0% | +112,979 |
| Globeflex Capital L P | 129,470 | $967.1K | 0.1% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARCrexendo, Inc. filings on SEC EDGAR
- 2Yahoo FinanceCXDO quote
- 3SEC EDGARCrexendo, Inc. filings on SEC EDGAR
- 4SEC EDGARCrexendo, Inc. 10-K for fiscal 2025
- 5SEC EDGARCrexendo, Inc. 10-K for fiscal 2019
- 6SEC EDGARCrexendo, Inc. 10-K for fiscal 2020
- 7SEC EDGARCrexendo, Inc. 10-K for fiscal 2021
- 8SEC EDGARCrexendo, Inc. 10-K for fiscal 2022
- 9SEC EDGARCrexendo, Inc. 10-K for fiscal 2023
- 10SEC EDGARCrexendo, Inc. 10-Q for fiscal 2026
- 11SEC EDGARCrexendo, Inc. 10-Q for fiscal 2026
- 12
- 13
- 14
- 15
- 16SEC EDGARBrandon Lewis, President
- 17SEC EDGARRon Vincent, Chief financial officer
- 18
- 19
- 20
- 21SEC EDGARJon Brinton, Chief Revenue Officer
- 22
- 23SEC EDGARAnand Buch, Chief Strategy Officer
- 24
- 25
- 26
- 27SEC EDGARDavid Wise, VP- Operations
- 28SEC EDGARChris McKee, Board member
- 29SEC EDGARL. Jasmine Kim, Board member
- 30SEC EDGARKevin Ar Nold Jackson, Board member
- 31SEC EDGARJeffrey Parr Bash, Board member
- 32SEC EDGARSteven G. Mihaylo, Board member
- 33SEC EDGARRobert Michael Kamm, Board member
- 34SEC EDGARPeter Fredericks, Board member
- 35SEC EDGARThomas Scheiner, Board member
- 36SEC EDGARTodd Andrew Goergen, Board member
- 37SEC EDGARCraig W. Rauchle, Board member
- 38SEC EDGARJeffrey G. Korn, General counsel