CXApp Financials
CXApp (CXAI) reported $4.6M in revenue for fiscal year 2025, down 35.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
CXApp’s business model is currently shaped by high-margin revenue sitting beneath a much larger fixed operating cost base.
The jump in current liquidity to 2.2x did not come from the business turning cash-positive; it came from external financing of$16.6M in FY2025. Operations still used$10.4M while revenue fell to$4.6M , so the stronger cash position reflects funding support rather than self-financing.
The core service appears asset-light: capital spending was only
Gross margin rose from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of CXApp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
CXApp's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 23/100.
CXApp's revenue declined 35.8% year-over-year, from $7.1M to $4.6M. This contraction results in a growth score of 3/100.
CXApp has a moderate D/E ratio of 1.32. This balance of debt and equity financing earns a leverage score of 40/100.
CXApp's current ratio of 2.23 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
CXApp's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 5/100.
CXApp scores -5.00, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($9.2M) relative to total liabilities ($18.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CXApp reported an operating loss of $17.6M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
CXApp generated $4.6M in revenue in fiscal year 2025. This represents a decrease of 35.8% from the prior year.
CXApp's EBITDA was -$17.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 28.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
CXApp recorded an outflow of $10.4M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 41.5% from the prior year.
CXApp held $11.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
CXApp's gross margin was 87.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.4 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
CXApp invested $6.6M in research and development in fiscal year 2025. This represents an increase of 4.0% from the prior year.
CXApp invested $23K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 23.3% from the prior year.
Not reported for fiscal year 2025.
CXAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $4.8M | $4.6M-35.8% | $7.1M | N/A | N/A | N/A |
| Cost of Revenue | $1.0M | $578K-55.0% | $1.3M | N/A | N/A | N/A |
| Gross Profit | $3.7M | $4.0M-31.6% | $5.9M+4.3% | $5.6M | N/A | N/A |
| R&D Expenses | $6.2M | $6.6M+4.0% | $6.4M | N/A | N/A | N/A |
| SG&A Expenses | $8.8M | $8.0M+10.2% | $7.2M | N/A | N/A | N/A |
| Operating Income | -$18.0M | -$17.6M-27.9% | -$13.7M | N/A | -$3.0M-97.0% | -$1.5M |
| Interest Expense | -$151K | $2K-99.8% | $1.1M | N/A | $422K+517.2% | $68K |
| Income Tax | N/A | -$46K+92.8% | -$635K | N/A | $49K | N/A |
| Net Income | -$21.3M | N/A | N/A | -$53.6M-742.4% | $8.3M-9.4% | $9.2M |
Not reported in any period shown, so not listed: EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CXAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $32.4M+2.0% | $31.8M-13.1% | $36.6M+9.4% | $33.4M-88.0% | $279.4M |
| Current Assets | $12.8M+81.3% | $7.1M-21.6% | $9.0M+2.6% | $8.8M+1551.3% | $533K |
| Cash & Equivalents | $11.1M+127.5% | $4.9M-22.2% | $6.3M+2695.2% | $224K-44.7% | $406K |
| Accounts Receivable | $789K-53.2% | $1.7M-13.8% | $2.0M | N/A | N/A |
| Goodwill | $6.6M-24.6% | $8.7M | N/A | N/A | N/A |
| Total Liabilities | $18.4M+13.8% | $16.2M+45.0% | $11.2M+13.6% | $9.8M-96.7% | $300.5M |
| Current Liabilities | $5.8M-50.3% | $11.6M+12.2% | $10.3M+19.3% | $8.6M+1026.7% | $767K |
| Total Equity | $14.0M-10.3% | $15.6M-38.6% | $25.4M+7.7% | $23.6M+211.8% | -$21.1M |
| Retained Earnings | -$90.7M-17.5% | -$77.2M | N/A | -$3.7M+82.4% | -$21.1M |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
CXAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.8M | -$10.4M-41.7% | -$7.3M | N/A | -$761K-27.8% | -$595K |
| Capital Expenditures | N/A | $23K-23.3% | $30K | N/A | N/A | N/A |
| Free Cash Flow | N/A | -$10.4M-41.5% | -$7.4M | N/A | N/A | N/A |
| Investing Cash Flow | N/A | -$23K+23.3% | -$30K | N/A | N/A | N/A |
| Financing Cash Flow | $21.0M | $16.6M+178.2% | $6.0M | N/A | N/A | -$18K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CXAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Gross Margin | 87.4%+5.4pp | 82.0% | N/A | N/A | N/A |
| Operating Margin | -383.5% | -192.4% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | -211.1%-246.5pp | 35.4% | N/A |
| Return on Assets | N/A | N/A | -146.6%-171.5pp | 25.0%+21.7pp | 3.3% |
| Current Ratio | 2.23+1.6x | 0.61-0.3x | 0.88-0.1x | 1.02+0.3x | 0.69 |
| Debt-to-Equity | 1.32+0.3x | 1.04+0.6x | 0.440.0x | 0.42 | N/A |
| FCF Margin | -227.0% | -103.0% | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Net Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, FCF Margin.
Similar Companies
Where CXApp Ranks
Frequently Asked Questions
What is CXApp's annual revenue?
CXApp (CXAI) reported $4.6M in total revenue for fiscal year 2025. This represents a -35.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is CXApp's revenue growing?
CXApp (CXAI) revenue declined by 35.8% year-over-year, from $7.1M to $4.6M in fiscal year 2025.
What is CXApp's EBITDA?
CXApp (CXAI) had EBITDA of -$17.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is CXApp's gross margin?
CXApp (CXAI) had a gross margin of 87.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is CXApp's free cash flow?
CXApp (CXAI) recorded an outflow of $10.4M in free cash flow during fiscal year 2025. This represents a -41.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is CXApp's operating cash flow?
CXApp (CXAI) recorded an outflow of $10.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are CXApp's total assets?
CXApp (CXAI) had $32.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are CXApp's capital expenditures?
CXApp (CXAI) invested $23K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does CXApp spend on research and development?
CXApp (CXAI) invested $6.6M in research and development during fiscal year 2025.
What is CXApp's current ratio?
CXApp (CXAI) had a current ratio of 2.23 as of fiscal year 2025, which is generally considered healthy.
What is CXApp's debt-to-equity ratio?
CXApp (CXAI) had a debt-to-equity ratio of 1.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
How does CXApp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, CXApp (CXAI) held $11.1M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.4M over that year. Dividing the one by the other, the reported balance equals about 13 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is CXApp's Altman Z-Score?
CXApp (CXAI) has an Altman Z-Score of -5.00, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
Can CXApp cover its interest payments?
CXApp (CXAI) reported an operating loss of $17.6M against $2K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is CXApp?
CXApp (CXAI) scores 28 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.