Every 8-K that CREXENDO INC (CXDO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CXDO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CXDO filings page.
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. entered into a new Credit Agreement with Wells Fargo Bank on May 1, 2026, adding two debt facilities: a revolving line of credit of up to $5,000,000 and a $5,000,000 term loan. The term loan proceeds will finance and reimburse the recent acquisition of Estech Systems, LLC and related fees, while the revolving line can also support working capital and other general corporate purposes, with up to $2,500,000 available for standby letters of credit.
Both facilities bear interest at 2.25%–2.75% over SOFR, depending on Crexendo’s total net leverage ratio, and mature on May 1, 2029. Subsidiaries guarantee the obligations and substantially all assets secure them, subject to exceptions. The agreement includes leverage, fixed charge coverage and capital expenditure covenants, and customary events of default that could lead to acceleration of the loans or termination of the credit line if breached.
Crexendo reported strong growth for the quarter ended March 31, 2026, with total revenue up 29% to $20.7 million driven by gains across service, software and product revenue. The company remained profitable on a GAAP basis, posting net income of $0.6 million, or $0.02 per share.
Non-GAAP net income rose to $3.3 million, or $0.10 per share, and Adjusted EBITDA increased to $3.2 million. Operating expenses grew faster than revenue, up 36% to $20.3 million, reflecting higher costs and the impact of the Estech Systems (ESI) acquisition.
Cash from operations improved to $2.0 million, but total cash and equivalents fell to $7.2 million from $31.4 million at year-end, primarily due to $26.2 million of cash used to acquire ESI and stock consideration of $7.4 million. Management highlighted ongoing integration progress, early synergies, and reiterated a trajectory toward $100 million in annual revenue.
Crexendo reported strong growth and profitability for 2025. Full-year revenue rose 12% to $68.2 million, driven mainly by a 27% increase in software solutions revenue to $29.7 million, while service revenue grew 6% to $33.8 million and product revenue declined 16% to $4.7 million.
Net income for 2025 increased to $5.1 million from $1.7 million, with non-GAAP net income rising to $11.4 million from $7.7 million. EBITDA grew to $8.0 million and Adjusted EBITDA to $11.2 million. Fourth quarter revenue was $18.1 million, up 11%, with net income of $1.2 million and non-GAAP net income of $2.8 million.
Cash and cash equivalents reached $31.4 million at December 31, 2025, up from $18.2 million a year earlier, supported by $9.3 million of cash provided by operating activities. Management highlighted ten consecutive GAAP-profitable quarters, continued user growth to over seven million, progress in AI offerings such as CAIRO, and the recently announced acquisition of ESI to support a strategy of profitable organic growth plus strategic M&A.
Crexendo has completed its acquisition of Estech Systems (ESI) for $35 million, made up of $27.3 million in cash and $7.7 million in common stock, equal to about 1.35x ESI’s unaudited 2025 revenue.
ESI generated about $26 million of revenue in 2025, supports over 6,200 retail accounts and more than 75,000 seats, and is one of Crexendo’s longest-tenured NetSapiens platform licensees. The deal is expected to be immediately accretive to revenue, EBITDA and cash flow and helps position Crexendo toward a $100 million annual revenue run rate with greater operating leverage.
Management highlights expected cost synergies from facilities consolidation, licensing optimization, employee cross‑utilization, operational and network expense savings, and migration to Oracle Cloud Infrastructure, along with revenue synergies from cross‑selling, broader channel reach and platform expansion. They expect these initiatives to improve EBITDA margins and cash flow over the next 12–24 months.
Crexendo, Inc. reported the results of its annual stockholder meeting held on December 2, 2025. Stockholders elected Kevin Jackson, Todd A. Goergen, Jeffrey G. Korn, Steven G. Mihaylo, and David Williams as Class I directors for two-year terms ending at the 2027 annual meeting, and elected Chris McKee as a Class II director for a one-year term ending at the 2026 annual meeting. All director nominees received strong majority support, with votes for each ranging from about 24.5 million to 26.4 million.
Stockholders also gave advisory approval to the compensation of the named executive officers, with 23,845,465 votes for, 2,219,983 against, and 577,812 abstentions. In a separate advisory vote on the frequency of future say-on-pay votes, stockholders favored holding the advisory vote every three years, with 19,736,327 votes for that option. Finally, stockholders approved the appointment of Urish Popeck & Co., LLC as Crexendo’s independent registered public accounting firm for the year ending December 31, 2025, with 26,625,080 votes for, 414,945 against, and 13,100 abstentions.
Crexendo, Inc. furnished an investor presentation under Regulation FD. The company posted the presentation to its website and attached it as Exhibit 99.1, dated November 7, 2025.
The information in this report, including the exhibit, is being furnished and not deemed filed under the Exchange Act, and is not incorporated by reference into other filings. This 8-K provides broad, public access to the same materials shared with investors.
Crexendo, Inc. reported the passing of director Jeffrey Bash. He died on September 22, 2025 at age 83, and the company became aware on November 4, 2025.
The board expressed condolences and acknowledged his service since August 2013. It will review committee composition and overall membership in due course and take appropriate action in accordance with the company’s bylaws.
Crexendo, Inc. (CXDO) furnished a press release announcing quarterly results. The company filed a Form 8-K and attached Exhibit 99.1, a press release dated November 4, 2025, reporting results of operations for the quarter ended September 30, 2025.
The information under Item 2.02 and Exhibit 99.1 is being furnished, not filed, which limits its use under Section 18 of the Exchange Act and for incorporation by reference unless specifically stated. The report was signed by Chief Financial Officer Ronald Vincent.
Crexendo (CXDO) reported that Chief Strategy Officer Anand J. Buch notified the company of his intention to resign, effective December 31, 2025.
The company stated his decision was not due to any disagreement regarding operations, policies, or practices. After his resignation becomes effective, Mr. Buch will remain with the company on a part-time basis, primarily supporting licensee engagement and serving as a strategic advisor to the CEO. The company noted that terms for this part-time role have not yet been determined and it does not expect to enter into a formal employment agreement for the arrangement.
Crexendo, Inc. (CXDO) furnished an investor presentation under Item 7.01 (Regulation FD). The presentation, dated October 20, 2025, was posted on its website and attached as Exhibit 99.1.
The materials are being furnished, not filed, under the Exchange Act and are not incorporated by reference into other filings. The company stated that furnishing this information does not constitute an admission of materiality.
Crexendo, Inc. posted an investor presentation to its investor website and attached that presentation as Exhibit 99.1 to this Current Report on Form 8-K. The filing expressly states the information is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, is not subject to the liabilities of that section, is not subject to the requirements of amended Item 10 of Regulation S-K, and is not incorporated by reference into other filings. The report identifies the exhibit and is signed on the company’s behalf by Chief Financial Officer Ronald Vincent. No financial statements, earnings data, or major transactions are included.