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Gross Margin by Segment
Measures the profitability of each segment relative to its revenue, providing insight into cost management and pricing power across different areas.Subscription gross margin has eroded gradually over several years and into 2026 — not a one‑off dip but a steady squeeze tied to rising cloud/data costs and heavier AI usage; professional services margins are volatile and largely low-to-negative, creating a recurring drag as the company leans on low-margin services to win strategic deals. Management confirms these dynamics in guidance (services near breakeven, subscription margin pressure) so the stock hinges on whether AI-driven ARR growth and cost‑structure actions can outpace incremental hosting costs.
Date | Subscription | Professional Services |
|---|---|---|
Jun 30, 2026 | 74.00 | -3.00 |
Mar 31, 2026 | 74.00 | -4.00 |
Dec 31, 2025 | 75.00 | -3.00 |
Sep 30, 2025 | 76.00 | 2.00 |
Jun 30, 2025 | 77.00 | -3.00 |
Mar 31, 2025 | 77.00 | 4.00 |
Dec 31, 2024 | 79.00 | -1.00 |
Sep 30, 2024 | 80.00 | -10.00 |
Jun 30, 2024 | 81.00 | -3.00 |
Mar 31, 2024 | 82.00 | 0.20 |