Earnings ·
Crexendo, Inc. reported financial results for the second quarter ended June 30, 2026, showing total revenue increased…
CXDOCrexendo, Inc.
Crexendo, Inc. reported financial results for the second quarter ended June 30, 2026, showing total revenue increased 49% year-over-year to $24.6 million. GAAP net income was $1.1 million, or $0.03 per share, while Non-GAAP net income reached $4.1 million, or $0.12 per share. Service revenue grew 78% to $14.9 million, and product revenue surged 104% to $2.5 million. Operating expenses rose 53% to $23.6 million due to the integration of the ESI acquisition, which contributed significantly to sales exceeding initial expectations. The company secured eleven new platform logos in the quarter and reported adjusted EBITDA of $4.1 million. Crexendo operates in the software technology industry as a provider of cloud communication platform software and unified communications as a service (UCaaS) offerings.