Crexendo Inc. ( (CXDO) ) has released its Q3 earnings. Here is a breakdown of the information Crexendo Inc. presented to its investors.
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Crexendo, Inc. is a leading software technology company that specializes in providing cloud communication platforms, video collaboration, and managed IT services to businesses of all sizes. The company is recognized for its innovative solutions in the cloud communication sector, supporting over seven million users globally.
In the third quarter of 2025, Crexendo reported a robust financial performance with a 12% increase in total revenue, reaching $17.5 million. The company also achieved a GAAP net income of $1.5 million and a non-GAAP net income of $3.0 million, highlighting its strong profitability.
Key financial metrics for the quarter include a notable 28% growth in software solutions revenue, which contributed significantly to the overall revenue increase. Service revenue also saw an 8% rise, while product revenue experienced a decline of 25%. Operating expenses increased by 5%, but the company maintained a healthy net income and improved EBITDA and adjusted EBITDA figures.
For the nine months ending September 30, 2025, Crexendo’s total revenue increased by 12% to $50.1 million. The company reported a net income of $3.9 million, supported by strong cash flow from operating activities and a substantial increase in cash and cash equivalents.
Looking ahead, Crexendo’s management remains optimistic about the company’s growth prospects, driven by investments in AI-driven capabilities and strategic M&A opportunities. The company is committed to delivering sustained value for shareholders while continuing to innovate and expand its cloud communication offerings.