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. 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, Inc. reported Q1 2026 revenue of $20.7M, up from $16.1M a year earlier, driven by growth in both cloud telecommunications and software solutions. Net income was $0.6M, down from $1.2M, as operating expenses and amortization increased.
Total assets rose to $91.3M, with cash and cash equivalents declining to $7.2M after closing the ESI acquisition. The company acquired ESI for total consideration of $34.7M, including $27.3M in cash and $7.4M in stock, adding new customer relationships, intangibles, and goodwill.
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, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He exercised derivative awards to acquire 832 shares of Crexendo common stock, while 229 shares were withheld by the company to cover payroll taxes.
The tax-withholding dispositions used closing stock prices of $6.19 and $6.82 per share, and the footnotes state these transactions do not represent sales by Gaylor. After these transactions, he directly held 270,810 shares of Crexendo common stock. The RSUs referenced in the filing vest in equal monthly installments over 36 months from various start dates, contingent on continued employment, with shares delivered upon vesting.
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. The filing shows exercises of RSUs into common stock alongside dispositions where the company withheld shares to cover payroll tax obligations at prices of $6.19 and $6.82 per share. Footnotes clarify these tax-withholding transactions do not represent open-market sales by the executive.
Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. RSUs converted into a total of 832 shares of common stock through several derivative exercises at a stated price of $0.00 per share.
To cover payroll taxes upon vesting, the company withheld 229 shares of common stock, including 77 shares at $6.19 and 76-share blocks at $6.82, as noted in the footnotes. These tax-withholding dispositions are not open-market sales by the executive. Following the transactions, Ron directly holds 180,473 shares of Crexendo common stock, with additional RSUs scheduled to vest in equal monthly installments over 36 months under multiple grant schedules.
Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs). On March 25, 2026, RSUs covering 556 shares of common stock vested and were delivered, increasing his direct holdings. To cover associated payroll taxes, the company withheld 153 shares of common stock, valued using the $6.48 closing price, which the footnotes clarify does not represent a market sale. After these transactions, Ron directly holds 180,272 shares of Crexendo common stock.
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity on March 25, 2026. He acquired 556 shares of common stock through the vesting and conversion of restricted stock units, which represent stock-based pay for continued employment.
To cover payroll taxes on these vestings, the company withheld 153 shares of common stock (76 and 77 shares) valued at $6.48 per share, which the footnotes clarify are not open‑market sales. After these transactions, he directly holds 270,609 shares of Crexendo common stock. The RSU awards vest in equal monthly installments over 36 months starting on March 25, 2025 and October 25, 2025, subject to 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 March 25, 2026, two RSU tranches covering 278 shares of common stock each, or 556 shares in total, were converted into common stock at an exercise price of $0.00 per share. To cover payroll taxes on these vestings, the company withheld 68 shares of common stock for each tranche, or 136 shares in total, valued at $6.48 per share based on the closing stock price that day; the footnotes state these withholdings do not represent sales by Korn. After these transactions, Korn directly owned 247,776 shares of Crexendo common stock.