CXApp Inc. Warrant (CXAIW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CXAIW SEC filings page.
CXApp Inc. Warrant (CXAIW) 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 shrinking revenue base is carrying development-heavy fixed costs, with financing offsetting persistent operating cash consumption.
Revenue fell in FY2025 even as gross margin rose to87.4% , indicating a volume-related squeeze rather than a collapse in unit economics. R&D and SG&A totaled$14.6M while operating loss reached-$17.6M , so the business has not yet spread its operating base across enough revenue.
Operating cash flow and free cash flow were nearly identical in FY2025 at about
The current ratio improved from 0.6x to 2.2x as current liabilities fell, easing short-term liquidity pressure. Debt-to-equity nevertheless rose to 1.3x, so the stronger current position did not represent broad deleveraging.
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 Inc. Warrant'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 Inc. Warrant'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 21/100.
CXApp Inc. Warrant's revenue declined 35.8% year-over-year, from $7.1M to $4.6M. This contraction results in a growth score of 2/100.
CXApp Inc. Warrant has a moderate D/E ratio of 1.32. This balance of debt and equity financing earns a leverage score of 41/100.
With a current ratio of 2.23, CXApp Inc. Warrant holds $2.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.
CXApp Inc. Warrant'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 2/100.
CXApp Inc. Warrant passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
CXApp Inc. Warrant 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 Inc. Warrant generated $1.7M in revenue in Q2 2026. This represents an increase of 38.5% from the same quarter a year earlier. Against the prior quarter it is up 78.3%.
CXApp Inc. Warrant's EBITDA was -$4.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.
CXApp Inc. Warrant reported -$8.6M in net income in Q2 2026. This represents a decrease of 174.6% from the same quarter a year earlier. Against the prior quarter it is down 115.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
CXApp Inc. Warrant held $11.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
CXApp Inc. Warrant's gross margin was 63.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 22.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.9 percentage points.
CXApp Inc. Warrant's ROE was -47.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 25.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 22.6 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
CXApp Inc. Warrant invested $1.7M in research and development in Q2 2026. This represents a decrease of 23.0% from the same quarter a year earlier. Against the prior quarter it is up 12.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
CXAIW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7M+38.5% | $950K-22.4% | $1.0M-38.5% | $1.1M-41.3% | $1.2M-30.7% | $1.2M-32.7% | $1.7M | $1.9M |
| Cost of Revenue | $623K+264.3% | $160K+6.7% | $134K-42.5% | $123K-66.9% | $171K-51.6% | $150K-54.1% | $233K | $372K |
| Gross Profit | $1.1M+1.8% | $790K-26.4% | $888K-37.8% | $991K-35.0% | $1.1M-25.5% | $1.1M-28.0% | $1.4M | $1.5M |
| R&D Expenses | $1.7M-23.0% | $1.5M+1.8% | $1.5M-0.4% | $1.5M-5.0% | $2.2M+26.7% | $1.5M-7.7% | $1.5M | $1.6M |
| SG&A Expenses | $2.3M+35.4% | $2.3M+12.1% | $2.0M+31.8% | $2.2M-1.7% | $1.7M-4.7% | $2.1M+22.8% | $1.5M | $2.3M |
| Operating Income | -$4.1M-0.2% | -$4.1M-10.1% | -$5.9M-109.2% | -$3.8M-3.8% | -$4.1M-12.6% | -$3.7M-4.4% | -$2.8M | -$3.7M |
| EBITDA | -$4.1M-0.2% | -$4.1M-10.2% | -$5.9M-109.9% | -$3.8M-4.1% | -$4.1M-13.0% | -$3.7M-4.7% | -$2.8M | -$3.7M |
| Interest Expense | -$168K | $17K+750.0% | $0-100.0% | $0-100.0% | $0-100.0% | $2K-99.4% | $110K | $317K |
| Income Tax | N/A | $2K | N/A | N/A | $1K+100.6% | N/A | -$122K | -$147K |
| Net Income | -$8.6M-174.6% | -$4.0M-147.7% | -$5.6M-39.8% | -$3.2M+41.9% | -$3.1M+40.3% | -$1.6M+68.7% | -$4.0M | -$5.4M |
Not reported in any period shown, so not listed: EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
CXAIW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $36.5M+23.6% | $33.0M+12.8% | $32.4M+2.0% | $28.5M | $29.6M | $29.3M | $31.8M-13.1% | N/A |
| Current Assets | $13.5M+115.7% | $14.2M+166.8% | $12.8M+81.3% | $6.0M | $6.2M | $5.3M | $7.1M-21.6% | N/A |
| Cash & Equivalents | $11.7M+140.5% | $12.3M+217.0% | $11.1M+127.5% | $5.1M+0.1% | $4.9M-21.2% | $3.9M-30.5% | $4.9M-22.2% | $5.1M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $706K-13.7% | $907K+23.9% | $789K-53.2% | $94K | $818K | $732K | $1.7M-13.8% | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $7.7M-12.1% | $6.6M-24.6% | $6.6M-24.6% | $8.7M | $8.7M | $8.7M | $8.7M | N/A |
| Total Liabilities | $18.5M+21.2% | $17.0M+24.8% | $18.4M+13.8% | $13.3M | $15.3M | $13.7M | $16.2M+45.0% | N/A |
| Current Liabilities | $8.2M+7.1% | $6.2M-33.5% | $5.8M-50.3% | $6.7M | $7.7M | $9.3M | $11.6M+12.2% | N/A |
| Non-Current Liabilities | $10.3M+35.3% | $10.8M+150.9% | $12.7M+173.8% | $6.6M | $7.6M | $4.3M | $4.6M+434.6% | N/A |
| Total Equity | $18.1M+26.1% | $15.9M+2.2% | $14.0M-10.3% | $15.2M+11.7% | $14.3M-12.0% | $15.6M-25.3% | $15.6M-38.6% | $13.6M |
| Retained Earnings | -$103.3M-26.0% | -$94.7M-20.1% | -$90.7M-17.5% | -$85.1M | -$82.0M | -$78.8M | -$77.2M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
CXAIW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M+25.5% | -$2.2M-125.7% | -$3.6M-34.7% | -$2.8M-33.3% | -$3.0M-57.7% | -$979K-50.6% | -$2.7M | -$2.1M |
| Depreciation & Amortization | $11K-8.3% | $9K-25.0% | $10K-33.3% | $11K-45.0% | $12K-45.5% | $12K-45.5% | $15K | $20K |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | $624K+4.2% | N/A | N/A |
| Capital Expenditures | N/A | N/A | $2K | $5K+25.0% | $11K+37.5% | $5K-72.2% | $0 | $4K |
| Free Cash Flow | N/A | N/A | -$3.6M-34.8% | -$2.8M-33.3% | -$3.0M-57.6% | -$984K-47.3% | -$2.7M | -$2.1M |
| Investing Cash Flow | N/A | N/A | -$2K | -$5K-25.0% | -$11K-37.5% | -$5K+72.2% | $0 | -$4K |
| Financing Cash Flow | $4.9M | $3.5M | $9.6M+285.9% | $3.0M+200.0% | N/A | N/A | $2.5M | $1.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CXAIW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.2%-22.8pp | 83.2%-4.6pp | 86.9%+0.9pp | 89.0%+8.6pp | 86.0%+6.0pp | 87.8%+5.7pp | 86.0% | 80.4% |
| Operating Margin | -243.2% | -434.1% | -576.9% | -343.4% | -336.1% | -306.0% | -169.7% | -194.3% |
| Net Margin | -508.8% | -421.4% | -544.1% | -283.4% | -256.7% | -132.0% | -239.5% | -286.4% |
| Return on Equity | -47.8%-25.8pp | -25.1%-14.8pp | -39.8%-14.3pp | -20.7%+19.1pp | -21.9%+10.4pp | -10.4%+14.4pp | -25.5% | -39.9% |
| Return on Assets | -23.6%-13.0pp | -12.1%-6.6pp | -17.2%-4.6pp | -11.1% | -10.6% | -5.5% | -12.5% | N/A |
| Current Ratio | 1.64+0.8x | 2.29+1.7x | 2.23+1.6x | 0.89 | 0.82 | 0.57 | 0.61-0.3x | N/A |
| Debt-to-Equity | 1.020.0x | 1.07+0.2x | 1.32+0.3x | 0.87 | 1.07 | 0.88 | 1.04+0.6x | N/A |
| Asset Turnover | 0.050.0x | 0.030.0x | 0.030.0x | 0.04 | 0.04 | 0.04 | 0.05 | N/A |
| FCF Margin | N/A | N/A | -355.5% | -248.1% | -247.2% | -80.4%-43.6pp | -162.3% | -109.3% |
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, Net Margin, FCF Margin.
Where CXApp Inc. Warrant Ranks
Frequently Asked Questions
What is CXApp Inc. Warrant's annual revenue?
CXApp Inc. Warrant (CXAIW) 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 Inc. Warrant's revenue growing?
CXApp Inc. Warrant (CXAIW) revenue declined by 35.8% year-over-year, from $7.1M to $4.6M in fiscal year 2025.
What is CXApp Inc. Warrant's EBITDA?
CXApp Inc. Warrant (CXAIW) had EBITDA of -$17.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is CXApp Inc. Warrant's gross margin?
CXApp Inc. Warrant (CXAIW) 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 Inc. Warrant's free cash flow?
CXApp Inc. Warrant (CXAIW) 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 Inc. Warrant's operating cash flow?
CXApp Inc. Warrant (CXAIW) recorded an outflow of $10.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are CXApp Inc. Warrant's total assets?
CXApp Inc. Warrant (CXAIW) had $32.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are CXApp Inc. Warrant's capital expenditures?
CXApp Inc. Warrant (CXAIW) invested $23K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does CXApp Inc. Warrant spend on research and development?
CXApp Inc. Warrant (CXAIW) invested $6.6M in research and development during fiscal year 2025.
What is CXApp Inc. Warrant's current ratio?
CXApp Inc. Warrant (CXAIW) had a current ratio of 2.23 as of fiscal year 2025, which is generally considered healthy.
What is CXApp Inc. Warrant's debt-to-equity ratio?
CXApp Inc. Warrant (CXAIW) 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 Inc. Warrant's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, CXApp Inc. Warrant (CXAIW) 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 Inc. Warrant's Piotroski F-Score?
CXApp Inc. Warrant (CXAIW) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Can CXApp Inc. Warrant cover its interest payments?
CXApp Inc. Warrant (CXAIW) 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 Inc. Warrant?
CXApp Inc. Warrant (CXAIW) scores 24 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.