Crexendo Announces Strong Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $25.2 million, up 44% year-over-year
- ➤Q3 adjusted EBITDA $4.0 million, up from $2.9 million
- ➤Q3 GAAP net income $1.1 million, down from $1.5 million
- ➤Nine-month revenue $70.5 million, up 41% year-over-year
- ➤Cash fell to $22.8 million after $26.2 million acquisition spending
Expert Statements
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“Crexendo delivered another exceptional and profitable quarter, with total revenue of $25.2 million up 44% year-over-year; adjusted EBITDA of $4.0 million compared to $2.9 million for the third quarter of 2025; and cash and cash equivalents of $22.8 million”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“We remain strongly GAAP profitable, and have very strong EBITDA, which is telling as it does not include intangible costs associated with our recent acquisition.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“I am particularly excited that through the third quarter, we have already won more new platform logos than we secured in all of last year.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“Q3 saw us secure an additional 5 new licensees to bring our YTD total to 16 compared to 14 for all of 2025.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“These wins expand the foundation for future organic growth as providers migrate subscribers to NetSapiens, grow their businesses and purchase additional capacity.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“With our solutions now supporting more than eight million end users, we have a substantial opportunity to deepen customer relationships and expand recurring revenue.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“The integration of ESI has gone seamlessly, reinforcing our confidence in our ability to identify and successfully integrate strategic, accretive acquisitions.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“We are actively evaluating additional opportunities to accelerate growth while remaining focused on maximizing organic growth across our business.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“The exceptional response to our preview of our new platform software release, NetSapiens Flow, at our largest-ever User Group Meeting last week, together with our expanding AI ecosystem and continued progress with CAIRO, gives me tremendous confidence in our product roadmap and long-term opportunity.”
Jeff Korn, Chief Executive Officer and Chairman of the Board, Crexendo
“By combining innovation, disciplined expense management and selective acquisitions, we believe we are well positioned to deliver sustainable, profitable growth and build lasting and increasing shareholder value.”
PHOENIX, AZ / ACCESS Newswire / November 3, 2026 / Crexendo, Inc. (NASDAQ:CXDO), an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offerings, including voice, video, contact center, and managed IT services tailored to businesses of all sizes, today announced financial results for the third quarter ended September 30, 2026.
Third Quarter Financial highlights: * Total revenue increased 44% year-over-year to $25.2 million * GAAP net income of $1.1 million, or $0.03 per basic and diluted common share. * Non-GAAP net income of $4.0 million, or $0.12 per basic and diluted common share. * Adjusted EBITDA of $4.0 million, compared to $2.9 million for the third quarter of 2025. Financial Results for the Third Quarter of 2026
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