Welcome to our dedicated page for Crexendo SEC filings (Ticker: CXDO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Crexendo, Inc. filings document the formal disclosure record for its cloud communications and UCaaS software business. Recent Form 8-K reports include financial results furnished with service, software solutions and product revenue categories, operating expense metrics, net income, EBITDA and adjusted EBITDA measures.
The filing record also covers material corporate events and governance matters, including the completed acquisition of Estech Systems, LLC, a credit agreement with revolving and term-loan facilities, annual meeting voting results, director elections, advisory compensation votes, and Regulation FD investor-presentation disclosures. These filings describe Crexendo's financing arrangements, capital actions, shareholder approvals, governance structure and operating performance as a public software technology company.
Crexendo, Inc. Chief Technology Officer Christopher Ryan Aaker reports his initial beneficial ownership of company equity. Holdings include stock options to purchase 10,000 common shares at $2.7200 expiring 2032-10-24 and 20,000 shares at $1.8800 expiring 2033-03-14, several restricted stock unit grants tied to multi-year quarterly vesting schedules, and 8,666 shares of common stock held directly.
Crexendo, Inc. reported higher Q2 2026 revenue of $24,646 (in thousands), up from $16,552 (in thousands) a year earlier, with growth in both Cloud Telecommunications and Software Solutions. Service and product revenues increased, while software solutions revenue also rose.
Despite this growth, Q2 net income was $1,051 (in thousands), below $1,232 a year earlier, as operating expenses and amortization increased. In March 2026 the company acquired ESI for total consideration of $34,733 (including $27,300 cash and $7,433 in common stock), adding goodwill of $4,716 and raising intangible assets to $38,302 (in thousands). Cash and cash equivalents declined to $18,289 from $31,378 at December 31, 2025, largely due to $26,209 of acquisition-related investing outflows, while operating cash flow for the first half of 2026 improved to $4,788 (in thousands).
Crexendo, Inc. reported strong results for the quarter ended June 30, 2026, with total revenue up 49% year-over-year to $24.6 million. Service revenue grew 78% to $14.9 million, software solutions revenue increased 5% to $7.3 million, and product revenue rose 104% to $2.5 million. GAAP net income was $1.1 million ($0.03 per share), while non-GAAP net income reached $4.1 million ($0.12 per share). Adjusted EBITDA was $4.1 million, compared with $2.8 million a year earlier.
For the first six months of 2026, revenue increased 39% to $45.4 million, with non-GAAP net income of $7.3 million and Adjusted EBITDA of $7.3 million. Cash provided by operating activities rose 89% to $4.8 million. Cash and cash equivalents were $18.3 million at June 30, 2026, down from $31.4 million, reflecting $26.2 million used for an acquisition. The company issued $5.0 million of notes payable and $7,433 thousand of stock for that acquisition. Management highlighted 11 new platform logos versus 2 a year earlier, strong early contributions from the ESI acquisition, and positive reception of new AI offerings, which are expected to become meaningful to revenue in 2027.
Crexendo, Inc. appointed longtime technology leader Chris Aaker as Chief Technology Officer, effective August 1, 2026, as part of a planned succession in its technology leadership.
Current CTO and NetSapiens co-founder David Wang will remain with the company full-time as Senior Vice President of Platform and Architecture. Aaker, now Senior Vice President of Engineering, has spent nearly two decades with NetSapiens and Crexendo, leading strategy and engineering for the NetSapiens platform, which serves nearly eight million users. He has contributed to platform modernization, cloud architecture, security, artificial intelligence initiatives and technical due diligence, and is a named inventor on a U.S. communications patent. Crexendo’s cloud communication solutions support over seven million end users globally through more than 245 cloud communication platform software subscribers and its direct retail offering.
Crexendo, Inc. Chief Financial Officer Vincent Ron reported the vesting and conversion of RSU awards into 1666 shares of common stock on July 25 and July 27, 2026. The company withheld 707 shares at $6.62 and $6.92 per share to cover payroll taxes, which footnotes state do not represent sales. The RSUs vest in equal monthly installments over 36 months from their respective start dates, subject to continuous employment, with shares delivered upon vesting.
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported vesting of Restricted Stock Units that converted into 1,666 shares of common stock on July 25 and 27, 2026 at a $0.00 exercise price.
To cover payroll taxes, the company withheld a total of 407 shares valued at closing prices of $6.62 and $6.92 per share; these are expressly described as not representing sales by Korn. The RSUs vest in equal monthly installments over 36 months from 2025–2026 grant dates, contingent on continued employment.
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported RSU vesting and related tax-withholding entries. On July 25 and 27, 2026, 1,666 shares of common stock were delivered upon RSU vesting at no cost, while 456 shares were withheld by the company to satisfy payroll taxes at prices of $6.62 and $6.92 per share. The footnotes state that these withholding transactions do not represent sales by the reporting person.
Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs). On July 4, 2026, 278 RSUs converted into 278 shares of common stock at a stated price of $0.00 per share in connection with vesting.
The company then withheld 118 shares of common stock, valued using the closing stock price of $7.62 on July 4, 2026, to cover associated payroll taxes. The filing notes this withholding does not represent a sale by the reporting person. After these transactions, Ron directly holds 129,707 shares of common stock and 8,612 RSUs, with the RSUs scheduled to vest in equal monthly installments over 36 months starting on February 4, 2026, contingent on continued employment.
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On July 4, 2026, RSUs covering 278 shares of common stock were exercised at $0.00 per share, converting into the same number of common shares as part of his compensation plan.
The company withheld 68 common shares to cover associated payroll taxes, using a closing stock price of $7.62 per share; this withholding is explicitly described as not representing a sale by Korn. Following these transactions, he directly holds 222,681 shares of common stock and 8,612 RSUs. Each RSU represents the right to receive one share of common stock upon vesting, with the RSUs scheduled to vest in equal monthly installments over 36 months starting on February 4, 2026, contingent on continued employment.
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity. On July 4, 2026, 278 Restricted Stock Units converted into an equal number of common shares as part of his vesting schedule. To cover payroll taxes, the company withheld 77 common shares at a value of $7.62 per share; this was a tax-withholding disposition and not an open-market sale. Following these transactions, Gaylor directly holds 235,324 shares of common stock and 8,612 RSUs that may convert into additional shares as they vest.