CXApp (NASDAQ: CXAI) Q1 2026 results and $5M enterprise wins
Rhea-AI Filing Summary
CXApp Inc. reported financial results for the first quarter ended March 31, 2026 and highlighted new enterprise demand for its AI-powered workplace platform. The company secured approximately $5 million in total contract value from three major enterprises that chose CXAI after competitive evaluations.
The new agreements are largely recurring and span multi-year deployments across operations in more than 100 countries, using volume-tiered pricing designed to scale with adoption. Management emphasized a highly recurring revenue base, a strong gross margin profile, and noted that CXApp ended the quarter with about $12.3 million in cash and higher deferred revenue.
The company also pointed to recognition as a Visionary in the inaugural Gartner Magic Quadrant for Workplace Experience Applications and described its strategy to position CXAI as a vertical AI operating layer for office environments, focusing on agentic AI assistants, deep enterprise integrations and expanding AI-driven workplace workflows.
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8-K Event Classification
Key Figures
Key Terms
total contract value financial
recurring revenue financial
deferred revenue financial
Gartner® Magic Quadrant™ technical
agentic AI technical
forward-looking statements regulatory
Earnings Snapshot
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
INTRODUCTORY NOTE
References throughout this Form 8-K to “we,” “us,” the “Company” or “our company” are CXApp Inc., unless the context otherwise indicates.
| Item 2.02 | Results of Operations and Financial Condition. |
Attached hereto as Exhibit 99.1 is a press release (the “Earnings Press Release”) issued by the Company on May 13, 2026, announcing its financial results for the first quarter ended March 31, 2026. The Earnings Press Release is incorporated by reference into this Item 2.02, and the foregoing description of the Earnings Press Release is qualified in its entirety by reference to this exhibit. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), unless specifically identified therein as being incorporated therein by reference.
| Item 7.01 | Regulation FD Disclosure. |
Item 2.02 above is incorporated herein by reference.
A copy of the Earnings Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Current Report on Form 8-K, including the Earnings Press Release attached hereto as Exhibit 99.1, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act, except as expressly set forth in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit No. | Description | |
| 99.1 | Earnings Press Release, dated May 13, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CXApp Inc. | ||
| Date: May 13, 2026 | By: | /s/ Khurram P. Sheikh |
| Name: | Khurram P. Sheikh | |
| Title: | Chairman and Chief Executive Officer | |
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Exhibit 99.1
CXApp Inc.
CXApp Inc. (Nasdaq: CXAI) Reports Q1 2026 Financial Results, Announces Over $5 Million Total Contract Value from Three Major Enterprises Selecting CXAI
Enterprise wins, high recurring revenue mix, strong gross margin and Gartner® Visionary recognition highlight CXAI’s positioning as a vertical AI platform for the modern workplace
PALO ALTO, CA / May 13, 2026 / CXApp Inc. (Nasdaq: CXAI), a leader in AI-powered workplace experience platforms, today reported financial results for the first quarter ended March 31, 2026 and announced significant enterprise momentum, including approximately $5 million in total contract value from three major enterprise organizations selecting CXAI following competitive RFPs and product evaluations. The wins, which are largely recurring in nature, reflect increasing demand for CXAI’s AI-native workplace platform and its emerging role as a vertical AI operating layer for the office.
The commercial momentum follows CXAI being named a Visionary in the inaugural Gartner® Magic Quadrant™ for Workplace Experience Applications (April 2026), which CXAI believes validates its product strategy, enterprise-grade execution and differentiated approach to AI-powered workplace transformation.
Q1 2026 Financial Highlights
| ● | Revenue: Revenue for the first quarter of 2026 was approximately $0.95 million. Total bookings for the quarter were approximately $1.4 million, mostly recurring in nature, and are expected to contribute to recognized revenue over the coming quarters. |
| ● | High-Quality Revenue Mix: Subscription revenue represented approximately 98% of total revenue during the quarter. |
| ● | Gross Margin: GAAP gross margin remained strong at approximately 83%. |
| ● | Strong Cash Position: Cash and cash equivalents totaled approximately $12.3 million as of March 31, 2026, compared to approximately $11.1 million at December 31, 2025. |
| ● | Deferred Revenue Growth: Deferred revenue increased to approximately $2.0 million, reflecting continued enterprise renewals and customer agreements. |
| ● | Enterprise Momentum: The Company secured approximately $5 million in total contract value from new deals, including multiple multi-year enterprise agreements. |
| ● | Operational Execution: The Company completed two significant enterprise renewals with upsell opportunities and continued deployment of agentic AI pilot initiatives. |
“Our first quarter reflects a highly recurring revenue base, strong gross margin profile and growing traction with enterprise opportunities tied to our agentic AI strategy. With approximately $12.3 million in cash and increased deferred revenue, we believe we are well positioned to execute against our 2026 priorities.”
— Joy Mbanugo, Chief Financial Officer of CXApp Inc.
Three Enterprise Selections Signal Accelerating Market Demand
Three large enterprise organizations have selected the CXAI platform following competitive evaluations involving multiple vendors. The engagements span multi-year agreements with combined operations in more than 100 countries. The deals incorporate volume-tiered pricing models designed to scale as these organizations expand usage across additional locations and employee populations.
Why Enterprises Are Choosing CXAI
Common factors driving the selection include the platform’s AI-native architecture, agentic AI assistant capabilities, and deep enterprise integrations with systems such as Microsoft Exchange, Teams, Active Directory, and Microsoft Places, as well as the breadth of functionality spanning mobile apps, web portals, interactive kiosks, indoor wayfinding, and real-time analytics through CXAI VU.
Vertical AI for the Office: From Workplace App to Intelligent Operating Layer
CXAI’s platform is purpose-built for the office environment, where employees, visitors, facilities teams and enterprise systems interact every day. By connecting workplace data and workflows, CXAI enables organizations to deliver more personalized experiences, improve utilization, reduce friction and create a more responsive physical workplace.
The Company believes the next phase of workplace technology will be defined by AI that understands context: where people are, what resources are available, which systems need to be coordinated, and how the office can adapt in real time. CXAI’s agentic AI capabilities are being developed to help automate routine workplace tasks, surface recommendations, orchestrate integrations and improve the employee and customer experience across complex enterprise environments.
CXAI sits at the intersection of two rapidly expanding markets – digital workplace platforms and enterprise AI agents – which the Company believes represents creating a compounded 30X+ growth opportunity through 2030.
A Scalable Platform for Enterprise Growth
CXAI’s revenue model is designed to scale as customers expand deployments across users, locations, integrations and AI-driven workflows. The Company expects growth to be driven by recurring software subscriptions, deeper enterprise integrations and AI-enabled capabilities that expand platform value over time.
Positioned for Market Expansion and Growth
CXAI believes its enterprise traction reflects a broader market shift as organizations modernize the office with AI-native tools that connect people, places, systems and workflows.
“Enterprise AI is moving from horizontal tools to vertical operating layers,” said Khurram Sheikh, Chief Executive Officer of CXApp Inc. “With enterprise demand building and AI adoption accelerating, CXAI is focused on converting the 30X+ market opportunity in AI-powered workplace transformation into durable recurring growth by scaling enterprise deployments, expanding agentic workflows and capturing a larger share of the modern workplace technology stack.”
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About CXApp Inc.
CXApp Inc. is the global technology leader in employee workplace experiences. The Company is headquartered in the SF Bay Area and operates the CXAI platform that is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.
CXAI’s customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.
www.cxapp.com
CXApp Inc.: marketing@cxapp.com
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative or other variations thereof and similar expressions are intended to identify such forward looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company’s auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the demand for the Company’s services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in consumer preferences or the market for the Company’s services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company’s business; difficulties of managing growth profitably; the loss of one or more members of the Company’s management team; loss of a major customer and other risks and uncertainties included from time to time in the Company’s reports (including all amendments to those reports) filed with the SEC. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.
SOURCE: CXApp Inc.
Topic: Company Update
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