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CXApp
(NASDAQ:CXAI)
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Rating:48Neutral
Price Target:
$3.50
▼(-10.03% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance (large ongoing losses and material cash burn despite some revenue growth) and a strongly bearish technical setup (price far below key moving averages with negative MACD). Offsetting factors include a constructive earnings-call narrative with a step-change in ARR and early operating leverage from the EngineRoom acquisition, while valuation is difficult to assess due to negative earnings and no dividend yield data.
Positive Factors
EngineRoom acquisition expands scale
The EngineRoom acquisition materially expands CXApp’s revenue base, customer reach and distribution capabilities while adding adjusted EBITDA. Its mid-market channel also creates cross-sell potential, giving the combined company a broader platform for recurring growth over the next several quarters.
Negative Factors
Persistent cash burn
Substantial negative operating and free cash flow means CXApp is not yet funding its operations internally. Continued cash consumption can limit investment flexibility and increase reliance on external financing while management works toward the stated future breakeven objective.
Read all positive and negative factors
Positive Factors
Negative Factors
EngineRoom acquisition expands scale
The EngineRoom acquisition materially expands CXApp’s revenue base, customer reach and distribution capabilities while adding adjusted EBITDA. Its mid-market channel also creates cross-sell potential, giving the combined company a broader platform for recurring growth over the next several quarters.
Read all positive factors
CXApp (CXAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.97M
Dividend YieldN/A
Average Volume (3M)282.82K
Price to Earnings (P/E)―
Beta (1Y)0.40
Revenue Growth-20.40%
EPS Growth32.15%
CountryUS
Employees35
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-32.30
Shares Outstanding2,337,407
10 Day Avg. Volume157,983
30 Day Avg. Volume282,816
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.56
Price to Sales (P/S)1.70
P/FCF Ratio-0.75
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$15.00Price Target Upside285.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-12.5
Revenue Forecast (FY)$6.00M
CXApp Business Overview & Revenue Model
Company Description
CXApp Inc. delivers a comprehensive digital platform specifically engineered to enrich the workplace experience for its corporate clientele. Its primary offering, also known as CXApp, is a Software-as-a-Service (SaaS) solution featuring integrated...
How the Company Makes Money
CXApp primarily makes money by selling its workplace experience software to enterprise customers under recurring software subscription (SaaS) arrangements, typically priced based on factors such as number of users, locations, modules/features, or ...
CXApp Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call emphasized a major strategic inflection: a transformative acquisition (EngineRoom) producing immediate scale, a large ARR uplift to $11.5M, high net revenue retention (~99.3%), and CXAI 2.0 moving into production. Early signs of operating leverage were highlighted (79% sequential revenue growth vs ~5.6% OpEx growth), and the company holds a solid cash position ($11.7M). Offsetting these positives are the facts that profitability has not yet been achieved (cash EBITDA ≈ -$2.68M; EPS negative ~$0.10), integration costs and earn-out contingencies remain, and only one month of EngineRoom was included in Q2 results (full impact pending in Q3). Overall, the balance of evidence presented — material scale increase, product deployments, strong retention and concrete go-to-market advantages via EngineRoom — outweighs the remaining integration and profitability risks, but outcomes depend on execution of cross-sell and synergy realization.Positive Updates
Transformative EngineRoom Acquisition
EngineRoom adds >$8M of revenue, approximately $1.6M of adjusted EBITDA and more than 50 mid-market customers; the company states the combined business moves CXAI to more than $12M of annualized revenue and provides a mid-market distribution channel and cross-sell opportunity.
Negative Updates
Company Still Unprofitable
Cash EBITDA remains negative (≈negative $2.68M in Q2) and EPS is negative (~$0.10), indicating the company is not yet profitable and continues to invest in integration and product development.
Read all updates
Q2-2026 Updates
Positive
Negative
Transformative EngineRoom Acquisition
EngineRoom adds >$8M of revenue, approximately $1.6M of adjusted EBITDA and more than 50 mid-market customers; the company states the combined business moves CXAI to more than $12M of annualized revenue and provides a mid-market distribution channel and cross-sell opportunity.
Read all positive updates
Company Guidance
The company’s guidance emphasized rapid scale and a path to profitable growth: Q2 revenue rose sequentially ~79% (from ~$950k in Q1 to ~$1.7M, with only one month of EngineRoom included), ARR jumped to $11.5M (from $3.6M in Q1 and from $4.5M YoY), net revenue retention improved to ~99.3% (from ~98%), total assets grew to ~$36M (from ~$33M), cash on hand was $11.7M as of June 30, cash EBITDA improved from ~‑$3.0M to ~‑$2.68M, and EPS was ~‑$0.10 (vs ‑$0.09 in Q1 and ‑$0.16 YoY); operating expenses rose only ~$275k QoQ (≈5.6%) versus 79% revenue growth. Management said EngineRoom adds >$8M revenue, ≈$1.6M adjusted EBITDA and >50 mid‑market customers, putting pro forma scale north of $12M annualized (targeting ~$3M/quarter next quarter), and reiterated targets of double‑digit revenue growth, >95% recurring revenue, gross margins >70%, software mix >95%, average revenue per client of $150k–$200k/year and a directional goal of reaching breakeven in H2 2027 while growing revenue faster than expenses.CXApp Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.67M | 4.58M | 7.14M | 7.37M | 8.47M | 0.00 |
| Gross Profit | 1.26M | 1.27M | 5.86M | 5.62M | 6.41M | 0.00 |
| EBITDA | -18.54M | -9.65M | -15.09M | -53.58M | -18.67M | 9.21M |
| Net Income | -21.34M | -13.47M | -19.41M | -53.62M | -29.18M | 9.21M |
Balance Sheet | ||||||
| Total Assets | 36.54M | 32.43M | 31.80M | 36.58M | 29.28M | 279.37M |
| Cash, Cash Equivalents and Short-Term Investments | 11.68M | 11.10M | 4.88M | 6.28M | 6.31M | 406.13K |
| Total Debt | 10.49M | 12.88M | 5.59M | 3.56M | 1.06M | 0.00 |
| Total Liabilities | 18.49M | 18.45M | 16.21M | 11.18M | 5.89M | 21.70M |
| Stockholders Equity | 18.05M | 13.98M | 15.59M | 25.40M | 23.39M | 257.67M |
Cash Flow | ||||||
| Free Cash Flow | -10.88M | -10.38M | -7.36M | -17.98M | -19.38M | -595.32K |
| Operating Cash Flow | -10.85M | -10.38M | -7.33M | -17.91M | -18.89M | -595.32K |
| Investing Cash Flow | -3.28M | -23.00K | -30.00K | 9.89M | -482.00K | 0.00 |
| Financing Cash Flow | 20.96M | 16.64M | 5.98M | 16.51M | 20.73M | -17.58K |
CXApp Technical Analysis
Negative
3.89
Price Trends
6.27
Negative
7.77
Negative
11.11
Negative
Market Momentum
-0.94
Positive
30.28
Neutral
21.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CXAI, the sentiment is Negative. The current price of 3.89 is below the 20-day moving average (MA) of 4.84, below the 50-day MA of 6.27, and below the 200-day MA of 11.11, indicating a bearish trend. The MACD of -0.94 indicates Positive momentum. The RSI at 30.28 is Neutral, neither overbought nor oversold. The STOCH value of 21.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CXAI.
CXApp Risk Analysis
CXApp disclosed 42 risk factors in its most recent earnings report. CXApp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CXApp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $17.26M | -2.42 | -21.12% | ― | ― | ― | |
48 Neutral | $7.97M | -0.11 | -135.04% | ― | -20.40% | 32.15% | |
47 Neutral | $15.93M | -0.81 | -84.56% | ― | -9.51% | 62.16% | |
39 Underperform | $4.26M | -0.06 | -228.97% | ― | 25.23% | -144.16% |
* Technology Sector Average
CXAI
CXApp
3.41
-32.63
-90.54%
SMSI
Smith Micro Software
2.85
-0.75
-20.90%
IPM
Intelligent Protection Management
1.91
0.05
2.69%
AMST
Amesite
1.07
-1.60
-59.93%
WCT
Wellchange Holdings Company Limited
1.44
-9.03
-86.24%
NTCL
NetClass Technology Inc Class A
2.01
-82.99
-97.64%
CXApp Corporate Events
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
CXApp Regains Nasdaq Compliance After Reverse Stock Split
Positive
Sep 3, 2026
On September 11, 2025, CXApp Inc. was notified by Nasdaq that its Class A Common Stock had fallen below the required $1.00 minimum closing bid price for 30 consecutive business days, triggering a 180-day compliance window later extended to Septemb...
Delistings and Listing ChangesShareholder MeetingsStock Split
CXApp Enacts 1-for-50 Reverse Stock Split Plan
Negative
Aug 14, 2026
On August 14, 2026, CXApp Inc. announced that its board approved a 1‑for‑50 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on August 18, 2026, with trading on a split‑adjusted basis to continue on t...
Business Operations and StrategyExecutive/Board Changes
CXApp names interim CFO amid EngineRoom integration
Neutral
Jul 6, 2026
In connection with its acquisition and integration of EngineRoom, CXApp separated from its former Chief Financial Officer, Joy L. Mbanugo, effective June 29, 2026, with the move characterized as amicable and in accordance with her July 2024 employ...
Executive/Board ChangesDelistings and Listing ChangesPrivate Placements and FinancingShareholder MeetingsStock Split
CXApp Shareholders Approve Reverse Split and Capital Flexibility
Positive
Jun 23, 2026
At its recent annual meeting, CXApp stockholders elected Khurram P. Sheikh and George Mathai as Class III directors to serve until the annual meeting following the fiscal year ending December 31, 2028, reinforcing continuity on the company’s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.