CXAI

MKT CAP:$4M

CXApp Inc.

Market Cap

$4M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$0.18-$0.16 (-46.83%)

Apr 22, 2026

Company Details

CXApp Inc. provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applicat...

CEO

Khurram Parviz Sheikh

IPO Date

Feb 4, 2021

Website

cxapp.com

Key Metrics TTM

Revenue

$3M

-51.4% YoY

Net Income

-$13M

EPS (Diluted)

-$0.58

Free Cash Flow

-$10M

Revenue / Share

$0.15

Gross Margin

63.6%

Operating Margin

-432.1%

Net Margin

-388.4%

FCF Margin

-299.3%

P/S

1.1x

P/E

—

Earnings Reports

Q1 2026

May 15, 2026

PENDING

FY 2025

Mar 30, 2026

$5M-35.8%EPS -$0.58

Q4 2025

Mar 30, 2026

$1M-38.5%EPS -$0.20

Q3 2025

Nov 12, 2025

$0-100.0%EPS -$0.15

Q2 2025

Aug 12, 2025

$1M-30.7%EPS -$0.15

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$3M	$2M	-$2M
Q2 22	$2M	$2M	-$11M
Q3 22	$2M	$1M	-$10M
Q4 22	$2M	$2M	-$7M
Q1 23	$2M	$1M	-$4M
Q2 23	$2M	$2M	-$4M
Q3 23	$2M	$1M	-$4M
Q4 23	$2M	$1M	-$40M
Q1 24	$2M	$1M	-$4M
Q2 24	$2M	$1M	-$4M
Q3 24	$2M	$2M	-$3M
Q4 24	$2M	$1M	-$3M
Q1 25	$1M	$1M	-$4M
Q2 25	$1M	$1M	-$4M
Q3 25	$0	-$123.0K	-$3M
Q4 25	$1M	$205.0K	-$4M

Valuation

Quarter	P/S	P/E
Q1 22	134.3x	213.1x
Q2 22	45.2x	—
Q3 22	11.3x	—
Q4 22	16.8x	—
Q1 23	3.7x	—
Q2 23	15.0x	—
Q3 23	2.5x	—
Q4 23	1.7x	—
Q1 24	8.8x	—
Q2 24	4.3x	—
Q3 24	3.6x	—
Q4 24	4.4x	—
Q1 25	2.2x	—
Q2 25	2.8x	—
Q3 25	3.7x	—
Q4 25	1.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$4M	-$4M
Q2 22	-$3M	-$3M
Q3 22	-$8M	-$8M
Q4 22	-$3M	-$3M
Q1 23	-$5M	-$5M
Q2 23	-$7M	-$7M
Q3 23	-$2M	-$2M
Q4 23	-$4M	-$4M
Q1 24	-$650.0K	-$668.0K
Q2 24	-$2M	-$2M
Q3 24	-$2M	-$2M
Q4 24	-$3M	-$3M
Q1 25	-$979.0K	-$984.0K
Q2 25	-$3M	-$3M
Q3 25	-$3M	-$3M
Q4 25	-$4M	-$4M

Capital Expenditures

Quarter	CapEx
Q1 22	$51.0K
Q2 22	$158.0K
Q3 22	$150.0K
Q4 22	$16.0K
Q1 23	$54.0K
Q2 23	$26.0K
Q3 23	$21.0K
Q4 23	$10.0K
Q1 24	$18.0K
Q2 24	$8.0K
Q3 24	$4.0K
Q4 24	$0
Q1 25	$5.0K
Q2 25	$11.0K
Q3 25	$5.0K
Q4 25	$21.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	+945.8%
Q2 22	—	+3872.7%
Q3 22	—	+3150.4%
Q4 22	—	+2027.1%
Q1 23	-37.3%	+44.5%
Q2 23	+5.0%	-50.5%
Q3 23	+1.6%	-46.7%
Q4 23	-13.9%	+357.0%
Q1 24	+12.2%	-9.9%
Q2 24	-21.8%	-15.7%
Q3 24	+7.2%	-12.9%
Q4 24	-3.4%	-88.3%
Q1 25	-32.7%	-8.1%
Q2 25	-30.7%	-1.5%
Q3 25	-100.0%	-35.2%
Q4 25	-38.5%	-1.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$647.0K	25.1%
Q2 22	$355.0K	16.5%
Q3 22	$323.0K	18.5%
Q4 22	$315.0K	15.8%
Q1 23	$158.0K	9.8%
Q2 23	$98.0K	4.3%
Q3 23	$759.0K	42.9%
Q4 23	$223.0K	13.0%
Q1 24	$599.0K	32.9%
Q2 24	$837.0K	47.4%
Q3 24	$909.0K	47.9%
Q4 24	$486.0K	29.3%
Q1 25	$624.0K	51.0%
Q2 25	$754.0K	61.7%
Q3 25	$872.0K	—
Q4 25	-$2M	-220.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$2M	$2M	$1M
Q2 22	$2M	$2M	$2M
Q3 22	$3M	$6M	$1M
Q4 22	$3M	$4M	$1M
Q1 23	$1M	$2M	$964.0K
Q2 23	$2M	$2M	$1M
Q3 23	$2M	$2M	$1M
Q4 23	$2M	$1M	$823.0K
Q1 24	$2M	$2M	$1M
Q2 24	$2M	$2M	$874.0K
Q3 24	$2M	$2M	$689.0K
Q4 24	$1M	$2M	$572.0K
Q1 25	$1M	$2M	$594.0K
Q2 25	$2M	$2M	$595.0K
Q3 25	$1M	$1M	$405.0K
Q4 25	$2M	$2M	$492.0K

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	—	-124.8%	—
Q2 22	—	-189.7%	—
Q3 22	—	-476.3%	—
Q4 22	—	-305.3%	—
Q1 23	-37.3%	-204.1%	-241.4
Q2 23	5.0%	-135.7%	-130.7
Q3 23	1.6%	-191.0%	-189.4
Q4 23	-13.9%	-153.1%	-167.0
Q1 24	12.2%	-236.9%	-224.6
Q2 24	-21.8%	-161.3%	-183.0
Q3 24	7.2%	-133.2%	-126.0
Q4 24	-3.4%	-143.6%	-147.0
Q1 25	-32.7%	-64.1%	-96.7
Q2 25	-30.7%	-178.8%	-209.6
Q3 25	-100.0%	—	—
Q4 25	-38.5%	-288.6%	-327.0

Rule of 40

Revenue Segments

Quarter	Licenses	Professional services	Hardware
Q1 25	$1M	$13.0K	—
Q2 25	$1M	$20.0K	$28.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$391.1K	$0	$391.1K
Q2 22	$189.1K	$0	$189.1K
Q3 22	$219.3K	$0	$219.3K
Q4 22	$6M	$0	$6M
Q1 23	$7M	$0	$7M
Q2 23	$5M	$0	$5M
Q3 23	$7M	$0	$7M
Q4 23	$6M	$0	$6M
Q1 24	$6M	$0	$6M
Q2 24	$6M	$0	$6M
Q3 24	$5M	$0	$5M
Q4 24	$5M	$0	$5M
Q1 25	$4M	$0	$4M
Q2 25	$5M	$0	$5M
Q3 25	$5M	$0	$5M
Q4 25	$11M	$0	$11M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	35M	0.0%	0.0%
Q2 22	21M	-38.0%	-38.0%
Q3 22	20M	-4.5%	-40.8%
Q4 22	20M	-2.4%	-42.2%
Q1 23	14M	-29.4%	-59.2%
Q2 23	14M	0.0%	-34.2%
Q3 23	11M	-21.2%	-45.7%
Q4 23	17M	+49.7%	-16.8%
Q1 24	15M	-8.0%	+8.4%
Q2 24	15M	+0.0%	+8.4%
Q3 24	16M	+2.9%	+41.6%
Q4 24	16M	+0.7%	-4.7%
Q1 25	20M	+24.5%	+29.0%
Q2 25	21M	+5.3%	+35.8%
Q3 25	21M	0.0%	+32.0%
Q4 25	23M	+13.0%	+48.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$1M	2
Q2 22	$1M	2
Q3 22	$871.0K	2
Q4 22	$998.5K	2
Q1 23	$810.0K	2
Q2 23	$1M	2
Q3 23	$885.0K	2
Q4 23	$859.5K	2
Q1 24	$909.0K	2
Q2 24	$883.0K	2
Q3 24	$948.5K	2
Q4 24	$40.5K	41
Q1 25	$29.9K	41
Q2 25	$29.8K	41
Q3 25	$0	41
Q4 25	$29.2K	35

Revenue / Employee