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CXApp (CXAI) Financials

CXApp logo
$0.13 0.00 (-2.62%)
Closing price 07/20/2026 04:00 PM Eastern
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Annual Income Statements for CXApp

Annual Income Statements for CXApp

This table shows CXApp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 9.21 -29 -19 -13
Consolidated Net Income / (Loss)		 9.21 -29 -19 -13
Net Income / (Loss) Continuing Operations		 9.21 -29 -19 -13
Total Pre-Tax Income 		9.21 -29 -20 -14
Total Operating Income		 -1.50 -29 -14 -18
Total Gross Profit		 0.00 6.41 5.86 4.01
Total Revenue		 0.00 8.47 7.14 4.58
Operating Revenue		 - 8.47 7.14 4.58
Total Cost of Revenue		 0.00 2.06 1.29 0.58
Operating Cost of Revenue		 - 2.06 1.29 0.58
Total Operating Expenses		 1.50 35 20 22
Selling, General & Admin Expense		 1.50 12 7.24 7.97
Marketing Expense		 - 5.10 3.25 2.09
Research & Development Expense		 - 9.32 6.38 6.64
Amortization Expense		 - 3.89 2.73 2.73
Impairment Charge		 - 5.54 0.00 2.15
Total Other Income / (Expense), net		 11 0.00 -6.30 4.06
Interest Expense		 -0.07 -0.00 2.81 0.75
Other Income / (Expense), net		 11 -0.00 -3.49 4.81
Income Tax Expense		 0.00 0.15 -0.64 -0.05
Basic Earnings per Share		 $0.54 $0.00 ($1.20) ($0.58)
Weighted Average Basic Shares Outstanding		 34.50M 0.00 15.91M 23.41M
Diluted Earnings per Share		 $0.54 $0.00 ($1.20) ($0.58)
Weighted Average Diluted Shares Outstanding		 34.50M 0.00 15.91M 23.41M
Weighted Average Basic & Diluted Shares Outstanding		 34.50M 14.07M 19.81M 57.12M

Quarterly Income Statements for CXApp

This table shows CXApp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 1.44 -5.17 -5.26 -5.43 -3.55 -1.62 -3.14 -3.16 -5.56 -4.00
Consolidated Net Income / (Loss)		 1.44 -5.17 -5.26 -5.43 -3.55 -1.62 -3.14 -3.16 -5.56 -4.00
Net Income / (Loss) Continuing Operations		 1.44 -5.17 -5.26 -5.43 -3.55 -1.62 -3.14 -3.16 -5.56 -4.00
Total Pre-Tax Income 		1.02 -5.38 -5.42 -5.58 -3.67 -1.62 -3.14 -3.16 -5.61 -4.00
Total Operating Income		 -4.23 -3.59 -3.65 -3.69 -2.82 -3.75 -4.11 -3.83 -5.90 -4.12
Total Gross Profit		 1.41 1.49 1.41 1.53 1.43 1.07 1.05 0.99 0.89 0.79
Total Revenue		 6.99 1.82 1.77 1.90 1.66 1.22 1.22 1.11 1.02 0.95
Operating Revenue		 1.77 1.82 1.77 1.90 1.66 1.22 1.22 1.11 1.02 0.95
Total Cost of Revenue		 0.36 0.33 0.35 0.37 0.23 0.15 0.17 0.12 0.13 0.16
Operating Cost of Revenue		 0.36 0.33 0.35 0.37 0.23 0.15 0.17 0.12 0.13 0.16
Total Operating Expenses		 5.64 5.08 5.06 5.21 4.25 4.82 5.16 4.82 6.78 4.91
Selling, General & Admin Expense		 2.28 1.68 1.78 2.29 1.49 2.07 1.69 2.25 1.97 2.32
Marketing Expense		 1.07 1.11 0.87 0.69 0.57 0.59 0.60 0.41 0.49 0.41
Research & Development Expense		 1.57 1.60 1.73 1.55 1.50 1.48 2.19 1.48 1.49 1.50
Amortization Expense		 0.70 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68
Total Other Income / (Expense), net		 0.03 -1.79 -1.77 -1.90 -0.85 2.13 0.97 0.67 0.29 0.12
Interest Expense		 -0.06 0.26 0.68 0.85 1.01 0.09 0.16 0.11 0.39 -0.02
Other Income / (Expense), net		 -0.02 -1.53 -1.08 -1.05 0.16 2.21 1.14 0.78 0.68 0.11
Income Tax Expense		 -0.42 -0.21 -0.16 -0.15 -0.12 0.00 0.00 0.00 -0.05 0.00
Basic Earnings per Share		 $0.00 ($0.34) ($0.34) ($0.34) ($0.18) ($0.08) ($0.16) ($0.13) ($0.21) ($0.09)
Weighted Average Basic Shares Outstanding		 15.41M 15.25M 15.26M 15.70M 15.91M 19.68M 20.72M 23.36M 23.41M 45.21M
Diluted Earnings per Share		 $1.00 ($0.34) ($0.34) ($0.34) ($0.18) ($0.08) ($0.16) ($0.13) ($0.21) ($0.09)
Weighted Average Diluted Shares Outstanding		 15.41M 15.25M 15.26M 15.70M 15.91M 19.68M 20.72M 23.36M 23.41M 45.21M
Weighted Average Basic & Diluted Shares Outstanding		 15.25M 15.25M 15.27M 16.46M 19.81M 20.78M 23.44M 28.63M 57.12M 70.09M

Annual Cash Flow Statements for CXApp

This table details how cash moves in and out of CXApp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -0.61 1.28 -1.40 6.22
Net Cash From Operating Activities		 -0.60 -19 -7.33 -10
Net Cash From Continuing Operating Activities		 -0.60 -17 -7.33 -10
Net Income / (Loss) Continuing Operations		 9.21 -29 -19 -13
Consolidated Net Income / (Loss)		 9.21 -29 -19 -13
Depreciation Expense		 - 0.65 0.08 0.05
Amortization Expense		 - 4.15 3.99 3.12
Non-Cash Adjustments To Reconcile Net Income		 -11 7.19 5.22 5.24
Changes in Operating Assets and Liabilities, net		 0.90 0.15 2.80 -5.31
Net Cash From Investing Activities		 0.00 -0.48 -0.03 -0.02
Net Cash From Continuing Investing Activities		 0.00 -0.09 -0.03 -0.02
Purchase of Property, Plant & Equipment		 - -0.09 -0.03 -0.02
Net Cash From Financing Activities		 -0.02 21 5.98 17
Net Cash From Continuing Financing Activities		 -0.02 0.00 5.98 17
Repayment of Debt		 - - -0.50 0.00
Issuance of Debt		 0.00 - 6.48 16
Other Financing Activities, net		 - - - 0.65
Cash Interest Paid		 - 0.00 0.06 0.00
Cash Income Taxes Paid		 - 0.12 0.03 0.00

Quarterly Cash Flow Statements for CXApp

This table details how cash moves in and out of CXApp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.67 0.56 -1.08 -0.20 -0.99 0.96 0.23 6.01 1.24
Net Cash From Operating Activities		 -0.65 -1.91 -2.07 -2.70 -0.98 -3.01 -2.76 -3.63 -2.21
Net Cash From Continuing Operating Activities		 -0.65 -1.91 -2.07 -2.70 -0.98 -3.01 -2.76 -3.63 -2.21
Net Income / (Loss) Continuing Operations		 -5.17 -5.26 -5.65 -3.34 -1.62 -3.14 -3.16 -5.56 -4.00
Consolidated Net Income / (Loss)		 -5.17 -5.26 -5.65 -3.34 -1.62 -3.14 -3.16 -5.56 -4.00
Depreciation Expense		 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01
Amortization Expense		 1.01 1.00 1.32 0.65 0.78 0.78 0.77 0.79 0.79
Non-Cash Adjustments To Reconcile Net Income		 0.75 1.39 1.49 1.59 0.74 0.69 1.12 2.69 0.49
Changes in Operating Assets and Liabilities, net		 2.74 0.93 0.74 -1.62 -0.90 -1.35 -1.51 -1.56 0.51
Net Cash From Investing Activities		 -0.02 -0.01 -0.00 - -0.01 -0.01 -0.01 -0.00 0.00
Net Cash From Continuing Investing Activities		 -0.02 -0.01 -0.00 - -0.01 -0.01 -0.01 -0.00 0.00
Purchase of Property, Plant & Equipment		 -0.02 -0.01 -0.00 - -0.01 -0.01 -0.01 -0.00 0.00
Net Cash From Financing Activities		 0.00 2.48 1.00 2.50 0.00 3.99 3.00 9.65 3.45
Net Cash From Continuing Financing Activities		 0.00 2.48 1.00 2.50 0.00 3.99 3.00 9.65 3.45
Issuance of Debt		 - - 1.00 3.00 0.00 - 3.00 9.00 0.99
Issuance of Common Equity		 - - - - 0.00 - - - 2.46
Effect of Exchange Rate Changes		 -0.00 -0.01 -0.01 -0.01 -0.00 -0.01 -0.00 - -0.00

Annual Balance Sheets for CXApp

This table presents CXApp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 280 279 33 37 32 32
Total Current Assets		 1.48 0.53 8.80 9.03 7.08 13
Cash & Equivalents		 1.02 0.41 6.31 6.28 4.88 11
Accounts Receivable		 - - 1.61 2.17 1.78 0.97
Prepaid Expenses		 0.46 0.13 0.65 0.59 0.43 0.77
Plant, Property, & Equipment, net		 0.00 0.00 0.20 0.12 0.06 0.04
Total Noncurrent Assets		 279 279 21 27 25 20
Goodwill		 - - 0.00 8.74 8.74 6.59
Intangible Assets		 - - 20 18 15 13
Other Noncurrent Operating Assets		 279 279 0.73 0.56 0.52 0.30
Total Liabilities & Shareholders' Equity		 280 279 33 37 32 32
Total Liabilities		 32 22 9.84 11 16 18
Total Current Liabilities		 0.21 0.77 8.65 10 12 5.76
Accounts Payable		 - 0.00 1.05 0.98 0.51 0.77
Accrued Expenses		 0.21 0.77 1.74 1.45 2.38 2.28
Current Deferred Revenue		 - - 2.16 2.88 2.68 1.47
Other Current Liabilities		 - - 0.46 1.96 5.40 1.25
Total Noncurrent Liabilities		 32 21 0.47 0.87 4.64 13
Long-Term Debt		 - - - 0.00 4.51 13
Other Noncurrent Operating Liabilities		 32 21 0.47 0.23 0.12 0.03
Commitments & Contingencies		 0.00 0.00 - - 0.00 0.00
Total Equity & Noncontrolling Interests		 -30 -21 24 25 16 14
Total Preferred & Common Equity		 -30 -21 24 25 16 14
Total Common Equity		 -30 -21 23 25 16 14
Common Stock		 0.00 0.00 0.00 83 93 105
Retained Earnings		 -30 -21 0.00 -58 -77 -91
Accumulated Other Comprehensive Income / (Loss)		 - - 1.16 -0.09 0.22 -0.03

Quarterly Balance Sheets for CXApp

This table presents CXApp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 74 35 34 32 29 30 29 33
Total Current Assets		 9.26 7.81 7.43 6.02 5.32 6.24 6.01 14
Cash & Equivalents		 7.18 5.60 6.16 5.08 3.89 4.85 5.09 12
Accounts Receivable		 1.07 1.53 0.61 0.46 0.83 0.92 0.28 1.19
Prepaid Expenses		 1.02 0.68 0.66 0.48 0.60 0.47 0.64 0.67
Plant, Property, & Equipment, net		 0.13 0.11 0.10 0.08 0.06 0.06 0.05 0.03
Total Noncurrent Assets		 64 27 26 25 24 23 22 19
Goodwill		 44 8.74 8.74 8.74 8.74 8.74 8.74 6.59
Intangible Assets		 19 17 17 16 15 14 13 12
Other Noncurrent Operating Assets		 0.65 0.45 0.74 0.65 0.42 0.50 0.39 0.19
Total Liabilities & Shareholders' Equity		 74 35 34 32 29 30 29 33
Total Liabilities		 9.72 14 17 17 14 15 13 17
Total Current Liabilities		 8.05 13 14 13 9.34 7.65 6.72 6.21
Accounts Payable		 0.98 1.02 0.58 0.77 0.61 0.93 0.95 1.02
Accrued Expenses		 2.67 1.68 2.02 1.67 2.79 2.37 2.45 2.43
Current Deferred Revenue		 1.97 3.63 2.94 2.34 2.80 2.53 1.57 1.99
Other Current Liabilities		 2.42 3.39 4.60 5.64 3.13 1.82 1.75 0.78
Total Noncurrent Liabilities		 1.67 0.59 3.06 3.88 4.32 7.61 6.59 11
Long-Term Debt		 - - 2.49 3.54 4.28 7.53 6.54 11
Other Noncurrent Operating Liabilities		 0.27 0.16 0.29 0.22 0.04 0.07 0.05 0.01
Commitments & Contingencies		 0.00 - - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 64 21 16 14 16 14 15 16
Total Preferred & Common Equity		 64 21 16 14 16 14 15 16
Total Common Equity		 64 21 16 14 16 14 15 16
Common Stock		 83 84 85 88 94 96 100 111
Retained Earnings		 -19 -63 -68 -73 -79 -82 -85 -95
Accumulated Other Comprehensive Income / (Loss)		 -0.01 -0.03 -0.01 -0.05 0.22 -0.09 0.01 -0.00

Annual Metrics And Ratios for CXApp

This table displays calculated financial ratios and metrics derived from CXApp's official financial filings.

Metric 2021 2022 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2024 12/31/2025
DEI Shares Outstanding		 34,500,000.00 7,838,090.00 16,460,126.00 28,629,315.00
DEI Adjusted Shares Outstanding		 34,500,000.00 7,838,090.00 16,460,126.00 28,629,315.00
DEI Earnings Per Adjusted Shares Outstanding		 0.27 -3.72 -1.18 -0.47
Growth Metrics		 - - - -
Revenue Growth		 0.00% 0.00% 0.00% -35.83%
EBITDA Growth		 0.00% -365.10% 0.00% 27.06%
EBIT Growth		 0.00% -417.59% 0.00% 25.91%
NOPAT Growth		 0.00% -1,256.39% 0.00% -27.92%
Net Income Growth		 0.00% -416.85% 0.00% 30.58%
EPS Growth		 0.00% -100.00% 0.00% 51.67%
Operating Cash Flow Growth		 0.00% -3,073.92% 0.00% -41.72%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% -93.36% 0.00% -1.81%
Revenue Q/Q Growth		 0.00% 30.85% 0.00% 121.40%
EBITDA Q/Q Growth		 0.00% -0.08% 0.00% -138.21%
EBIT Q/Q Growth		 0.00% -19.90% 0.00% -80.80%
NOPAT Q/Q Growth		 0.00% -29.80% 0.00% -21.22%
Net Income Q/Q Growth		 0.00% -48.27% 0.00% -17.57%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -1.75%
Operating Cash Flow Q/Q Growth		 0.00% -21.42% 0.00% -9.90%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 153.81% 0.00% -6.86%
Profitability Metrics		 - - - -
Gross Margin		 0.00% 75.63% 82.01% 87.39%
EBITDA Margin		 0.00% -286.06% -184.42% -209.62%
Operating Margin		 0.00% -342.68% -192.40% -383.53%
EBIT Margin		 0.00% -342.69% -241.32% -278.64%
Profit (Net Income) Margin		 0.00% -344.45% -271.74% -293.98%
Tax Burden Percent		 100.00% 100.53% 96.83% 99.66%
Interest Burden Percent		 100.75% 99.99% 116.29% 105.87%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -14.81% -60.77% -78.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 241.40% -4,226.43% -208.86%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -5.93% -63.70% -12.66%
Return on Equity (ROE)		 3.64% -20.75% -124.47% -91.11%
Cash Return on Invested Capital (CROIC)		 0.00% 160.28% 0.00% -76.62%
Operating Return on Assets (OROA)		 0.00% -18.56% -50.41% -39.76%
Return on Assets (ROA)		 0.00% -18.65% -56.76% -41.95%
Return on Common Equity (ROCE)		 -0.37% -0.17% -124.47% -91.11%
Return on Equity Simple (ROE_SIMPLE)		 -43.65% -123.67% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.50 -20 -9.62 -12
NOPAT Margin		 0.00% -239.88% -134.68% -268.47%
Net Nonoperating Expense Percent (NNEP)		 2,636.08% -256.21% 4,165.66% 130.41%
Return On Investment Capital (ROIC_SIMPLE)		 - - -46.45% -46.18%
Cost of Revenue to Revenue		 0.00% 24.37% 17.99% 12.61%
SG&A Expenses to Revenue		 0.00% 136.61% 101.33% 173.97%
R&D to Revenue		 0.00% 110.07% 89.33% 144.80%
Operating Expenses to Revenue		 0.00% 418.31% 274.40% 470.91%
Earnings before Interest and Taxes (EBIT)		 9.14 -29 -17 -13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 9.14 -24 -13 -9.61
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 3.37 1.92 0.68
Price to Tangible Book Value (P/TBV)		 0.00 21.83 0.00 0.00
Price to Revenue (P/Rev)		 0.00 9.32 4.19 2.07
Price to Earnings (P/E)		 37.43 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.67% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.42 4.25 1.91 0.71
Enterprise Value to Revenue (EV/Rev)		 0.00 8.57 4.23 2.41
Enterprise Value to EBITDA (EV/EBITDA)		 68.17 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 68.17 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.33 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 0.33 0.91
Long-Term Debt to Equity		 0.00 0.00 0.29 0.91
Financial Leverage		 0.00 -0.02 0.02 0.06
Leverage Ratio		 1.11 1.11 1.67 2.17
Compound Leverage Factor		 1.11 1.11 1.94 2.30
Debt to Total Capital		 0.00% 0.00% 24.70% 47.52%
Short-Term Debt to Total Capital		 0.00% 0.00% 2.91% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 21.79% 47.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 108.19% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -8.19% 99.15% 75.30% 52.48%
Debt to EBITDA		 0.00 0.00 -0.39 -1.32
Net Debt to EBITDA		 0.00 0.00 -0.02 -0.16
Long-Term Debt to EBITDA		 0.00 0.00 -0.34 -1.32
Debt to NOPAT		 0.00 0.00 -0.53 -1.03
Net Debt to NOPAT		 0.00 0.00 -0.02 -0.13
Long-Term Debt to NOPAT		 0.00 0.00 -0.47 -1.03
Altman Z-Score		 9.53 2.21 -4.02 -4.50
Noncontrolling Interest Sharing Ratio		 110.15% 99.18% 0.00% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.69 1.02 0.61 2.23
Quick Ratio		 0.53 0.92 0.57 2.10
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 220 0.00 -12
Operating Cash Flow to CapEx		 0.00% -21,471.59% -24,416.67% -45,134.78%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -16.04
Operating Cash Flow to Interest Expense		 0.00 0.00 -2.61 -13.86
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -2.62 -13.89
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.05 0.21 0.14
Accounts Receivable Turnover		 0.00 0.00 3.62 3.34
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 79.80 88.99
Accounts Payable Turnover		 0.00 0.00 1.73 0.91
Days Sales Outstanding (DSO)		 0.00 0.00 100.73 109.19
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 210.76 402.57
Cash Conversion Cycle (CCC)		 0.00 0.00 -110.03 -293.38
Capital & Investment Metrics		 - - - -
Invested Capital		 257 17 16 16
Invested Capital Turnover		 0.00 0.06 0.45 0.29
Increase / (Decrease) in Invested Capital		 0.00 -240 0.00 -0.29
Enterprise Value (EV)		 623 73 30 11
Market Capitalization		 345 79 30 9.50
Book Value per Share		 ($0.61) $2.98 $0.95 $0.49
Tangible Book Value per Share		 ($0.61) $0.46 ($0.52) ($0.18)
Total Capital		 258 24 21 27
Total Debt		 0.00 0.00 5.12 13
Total Long-Term Debt		 0.00 0.00 4.51 13
Net Debt		 -0.41 -6.31 0.24 1.56
Capital Expenditures (CapEx)		 0.00 0.09 0.03 0.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.64 -6.16 -8.77 -4.03
Debt-free Net Working Capital (DFNWC)		 -0.23 0.15 -3.89 7.08
Net Working Capital (NWC)		 -0.23 0.15 -4.50 7.08
Net Nonoperating Expense (NNE)		 -11 8.86 9.79 1.17
Net Nonoperating Obligations (NNO)		 -0.41 -6.51 0.24 1.56
Total Depreciation and Amortization (D&A)		 0.00 4.80 4.06 3.16
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -72.67% -122.84% -87.85%
Debt-free Net Working Capital to Revenue		 0.00% 1.81% -54.51% 154.37%
Net Working Capital to Revenue		 0.00% 1.81% -62.95% 154.37%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.54 $0.00 ($1.22) ($0.58)
Adjusted Weighted Average Basic Shares Outstanding		 34.50M 0.00 15.91M 23.41M
Adjusted Diluted Earnings per Share		 $0.54 $0.00 ($1.22) ($0.58)
Adjusted Weighted Average Diluted Shares Outstanding		 34.50M 0.00 15.91M 23.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.50M 0.00 19.81M 57.12M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.05 -16 -9.62 -11
Normalized NOPAT Margin		 0.00% -193.96% -134.68% -235.66%
Pre Tax Income Margin		 0.00% -342.64% -280.64% -294.98%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 -6.14 -17.05
NOPAT to Interest Expense		 0.00 0.00 -3.43 -16.43
EBIT Less CapEx to Interest Expense		 0.00 0.00 -6.15 -17.08
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -3.44 -16.46
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.19% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for CXApp

This table displays calculated financial ratios and metrics derived from CXApp's official financial filings.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 15,104,999.00 15,254,389.00 15,254,389.00 15,266,959.00 16,460,126.00 19,805,784.00 20,776,997.00 23,435,234.00 28,629,315.00 57,115,772.00
DEI Adjusted Shares Outstanding		 15,104,999.00 15,254,389.00 15,254,389.00 15,266,959.00 16,460,126.00 19,805,784.00 20,776,997.00 23,435,234.00 28,629,315.00 57,115,772.00
DEI Earnings Per Adjusted Shares Outstanding		 0.10 -0.34 -0.34 -0.36 -0.22 -0.08 -0.15 -0.13 -0.19 -0.07
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 301.26% 0.00% 121.81% -72.86% 0.00% -32.67% -30.75% -41.28% -38.47% -22.39%
EBITDA Growth		 63.36% 0.00% -24.37% 4.72% 0.00% 81.98% 40.97% 33.03% -121.53% -338.04%
EBIT Growth		 61.06% 0.00% -28.70% -11.22% 0.00% 70.07% 37.12% 35.52% -96.09% -162.44%
NOPAT Growth		 10.66% 0.00% 0.90% 56.66% 0.00% -4.40% -12.63% -3.80% -109.15% -10.12%
Net Income Growth		 113.19% 0.00% 56.10% -477.10% 0.00% 68.74% 40.28% 41.90% -56.74% -147.71%
EPS Growth		 0.00% 0.00% -120.00% -134.00% 0.00% 76.47% 52.94% 61.76% -16.67% -12.50%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -50.62% -57.70% -33.35% -34.68% -125.74%
Free Cash Flow Firm Growth		 -123.32% 0.00% 162.44% 168.61% 0.00% 0.00% -110.99% -109.41% 0.00% -3,024.84%
Invested Capital Growth		 742.47% 0.00% -63.49% -72.22% 0.00% -14.30% 0.44% 5.92% -1.81% -9.73%
Revenue Q/Q Growth		 186.33% 0.00% -2.86% 7.42% -12.44% -26.31% -0.08% -8.91% -8.26% -7.05%
EBITDA Q/Q Growth		 -6.15% 0.00% 9.30% 8.56% 41.17% 63.07% -197.15% -3.75% -94.58% 26.98%
EBIT Q/Q Growth		 -2.16% 0.00% 7.51% 0.02% 43.78% 42.42% -94.32% -2.52% -70.95% 22.94%
NOPAT Q/Q Growth		 -103.88% 0.00% -1.76% -0.96% 23.50% -32.85% -9.77% 6.96% -54.14% 30.05%
Net Income Q/Q Growth		 112.04% 0.00% -1.66% -3.39% 34.71% 54.45% -94.25% -0.57% -76.15% 28.02%
EPS Q/Q Growth		 -41.18% 0.00% 0.00% 0.00% 47.06% 55.56% -100.00% 18.75% -61.54% 57.14%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -193.85% -8.32% -30.30% 63.69% -207.66% 8.40% -31.61% 39.14%
Free Cash Flow Firm Q/Q Growth		 -28.95% 0.00% 0.00% 42.83% -100.00% 0.00% -6,587.25% -22.29% -6.39% 65.35%
Invested Capital Q/Q Growth		 22.37% 0.00% -9.30% -6.88% 0.48% 0.99% 6.29% -1.80% -6.86% -7.16%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 20.20% 82.01% 80.01% 80.39% 85.97% 87.75% 86.02% 88.96% 86.89% 83.16%
EBITDA Margin		 -50.87% -224.70% -209.80% -178.60% -119.99% -60.13% -178.82% -203.68% -432.00% -339.37%
Operating Margin		 -60.50% -197.30% -206.68% -194.25% -169.72% -305.96% -336.14% -343.36% -576.91% -434.11%
EBIT Margin		 -60.84% -281.35% -267.89% -249.34% -160.08% -125.08% -243.25% -273.79% -510.18% -422.95%
Profit (Net Income) Margin		 20.62% -284.38% -297.62% -286.45% -213.61% -132.03% -256.66% -283.39% -544.13% -421.37%
Tax Burden Percent		 140.72% 96.15% 97.06% 97.37% 96.68% 100.00% 100.03% 100.00% 99.16% 100.05%
Interest Burden Percent		 -24.08% 105.12% 114.46% 117.99% 138.02% 105.55% 105.48% 103.51% 107.56% 99.58%
Effective Tax Rate		 -40.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% -53.61% -80.98% -39.60% -30.68% -118.01% -86.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% -723.70% -190.10% -56.37% -63.44% -277.94% 111.45%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% -10.91% 9.60% -5.70% -6.29% -16.85% -3.99%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% -64.52% -71.38% -45.30% -36.97% -134.86% -90.10%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -76.62% -72.43%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% -33.44% -25.67% -21.91% -18.85% -72.80% -58.56%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% -44.62% -27.10% -23.12% -19.52% -77.65% -58.34%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% -64.52% -71.38% -45.30% -36.97% -134.86% -90.10%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.95 -2.51 -2.56 -2.58 -1.97 -2.62 -2.88 -2.68 -4.13 -2.89
NOPAT Margin		 -85.14% -138.11% -144.68% -135.98% -118.80% -214.17% -235.30% -240.35% -403.84% -303.87%
Net Nonoperating Expense Percent (NNEP)		 199.83% -119.24% -131.53% -100.12% 670.09% 109.12% 16.77% 32.76% 159.93% -197.56%
Return On Investment Capital (ROIC_SIMPLE)		 - -10.35% -11.07% -12.38% -9.53% -13.19% -13.17% -12.30% -15.49% -10.78%
Cost of Revenue to Revenue		 5.12% 17.99% 19.99% 19.61% 14.03% 12.25% 13.98% 11.04% 13.11% 16.84%
SG&A Expenses to Revenue		 32.59% 92.52% 100.51% 120.51% 89.95% 168.79% 138.35% 201.62% 192.66% 243.79%
R&D to Revenue		 22.43% 87.95% 98.02% 81.81% 90.19% 120.59% 179.31% 132.41% 145.99% 158.11%
Operating Expenses to Revenue		 80.70% 279.32% 286.69% 274.64% 255.69% 393.71% 422.16% 432.32% 663.80% 517.26%
Earnings before Interest and Taxes (EBIT)		 -4.25 -5.12 -4.73 -4.73 -2.66 -1.53 -2.98 -3.05 -5.21 -4.02
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -3.56 -4.09 -3.71 -3.39 -1.99 -0.74 -2.19 -2.27 -4.42 -3.22
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.43 1.79 1.87 1.80 1.92 0.95 1.55 1.13 0.68 0.65
Price to Tangible Book Value (P/TBV)		 84.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 4.19 2.26 7.79 8.34 2.07 2.39
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.36 1.88 1.85 1.72 1.91 0.95 1.47 1.12 0.71 0.61
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 4.23 2.32 8.73 9.04 2.41 2.04
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.16 0.40 0.46 0.33 0.27 0.53 0.43 0.91 0.68
Long-Term Debt to Equity		 0.00 0.00 0.15 0.25 0.29 0.27 0.53 0.43 0.91 0.68
Financial Leverage		 -0.10 -0.11 -0.06 -0.07 0.02 -0.05 0.10 0.10 0.06 -0.04
Leverage Ratio		 1.18 1.65 1.57 1.35 1.67 1.75 2.06 2.04 2.17 1.97
Compound Leverage Factor		 -0.28 1.74 1.80 1.59 2.30 1.85 2.17 2.11 2.34 1.97
Debt to Total Capital		 0.00% 13.91% 28.58% 31.48% 24.70% 21.53% 34.49% 30.03% 47.52% 40.44%
Short-Term Debt to Total Capital		 0.00% 13.91% 17.78% 14.50% 2.91% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 10.80% 16.99% 21.79% 21.53% 34.49% 30.03% 47.52% 40.44%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 86.09% 71.42% 68.52% 75.30% 78.47% 65.51% 69.97% 52.48% 59.56%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.39 -0.44 -1.46 -1.62 -1.32 -0.90
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.02 -0.04 -0.52 -0.36 -0.16 0.13
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.34 -0.44 -1.46 -1.62 -1.32 -0.90
Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.53 -0.44 -0.75 -0.64 -1.03 -0.86
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.02 -0.04 -0.27 -0.14 -0.13 0.12
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 -0.47 -0.44 -0.75 -0.64 -1.03 -0.86
Altman Z-Score		 0.00 0.00 0.00 0.00 -2.51 -3.24 -3.30 -3.71 -3.73 -3.64
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.15 0.60 0.52 0.45 0.61 0.57 0.82 0.89 2.23 2.29
Quick Ratio		 1.02 0.54 0.48 0.41 0.57 0.51 0.75 0.80 2.10 2.18
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -56 0.00 27 38 0.00 0.05 -2.95 -3.61 -3.84 -1.33
Operating Cash Flow to CapEx		 0.00% -3,611.11% -23,875.00% -51,725.00% 0.00% -19,580.00% -27,381.82% -55,180.00% -181,550.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 39.28 45.09 0.00 0.54 -18.11 -33.73 -9.75 0.00
Operating Cash Flow to Interest Expense		 0.00 -2.48 -2.79 -2.43 -2.67 -11.52 -18.48 -25.79 -9.22 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -2.55 -2.80 -2.44 -2.67 -11.58 -18.55 -25.83 -9.22 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.21 0.21 0.09 0.07 0.14 0.14
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 3.62 5.57 3.74 5.60 3.34 4.29
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 79.80 78.42 37.54 32.60 88.99 99.06
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 1.73 1.36 1.23 0.79 0.91 0.72
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 100.73 65.53 97.68 65.15 109.19 85.13
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 210.76 268.64 297.40 462.58 402.57 504.98
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 -110.03 -203.12 -199.72 -397.43 -293.38 -419.85
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 57 19 17 16 16 16 17 17 16 14
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.45 0.38 0.17 0.13 0.29 0.28
Increase / (Decrease) in Invested Capital		 50 0.00 -29 -41 0.00 -2.67 0.07 0.93 -0.29 -1.56
Enterprise Value (EV)		 20 35 31 27 30 15 25 19 11 8.79
Market Capitalization		 27 37 31 26 30 15 22 17 9.50 10
Book Value per Share		 $4.23 $1.37 $1.08 $0.94 $0.95 $0.95 $0.69 $0.65 $0.49 $0.28
Tangible Book Value per Share		 $0.02 ($0.35) ($0.59) ($0.69) ($0.52) ($0.48) ($0.41) ($0.29) ($0.18) ($0.05)
Total Capital		 64 24 23 21 21 20 22 22 27 27
Total Debt		 0.00 3.37 6.60 6.56 5.12 4.28 7.53 6.54 13 11
Total Long-Term Debt		 0.00 0.00 2.49 3.54 4.51 4.28 7.53 6.54 13 11
Net Debt		 -7.18 -2.23 0.44 1.48 0.24 0.39 2.68 1.45 1.56 -1.52
Capital Expenditures (CapEx)		 0.00 0.02 0.01 0.00 0.00 0.01 0.01 0.01 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5.96 -7.51 -8.86 -9.47 -8.77 -7.91 -6.27 -5.80 -4.03 -4.36
Debt-free Net Working Capital (DFNWC)		 1.22 -1.91 -2.70 -4.38 -3.89 -4.02 -1.42 -0.71 7.08 7.98
Net Working Capital (NWC)		 1.22 -5.28 -6.81 -7.40 -4.50 -4.02 -1.42 -0.71 7.08 7.98
Net Nonoperating Expense (NNE)		 -7.39 2.66 2.70 2.85 1.57 -1.01 0.26 0.48 1.43 1.12
Net Nonoperating Obligations (NNO)		 -7.18 -2.23 0.44 1.48 0.24 0.39 2.68 1.45 1.56 -1.52
Total Depreciation and Amortization (D&A)		 0.70 1.03 1.03 1.34 0.67 0.80 0.79 0.78 0.80 0.79
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% -122.84% -120.80% -219.73% -280.14% -87.85% -101.21%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% -54.51% -61.35% -49.60% -34.35% 154.37% 185.22%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% -62.95% -61.35% -49.60% -34.35% 154.37% 185.22%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.34) ($0.34) ($0.32) ($0.18) ($0.08) ($0.16) ($0.13) ($0.21) ($0.09)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 15.25M 15.26M 15.70M 15.91M 19.68M 20.72M 23.36M 23.41M 45.21M
Adjusted Diluted Earnings per Share		 $0.00 ($0.34) ($0.34) ($0.32) ($0.18) ($0.08) ($0.16) ($0.13) ($0.21) ($0.09)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 15.25M 15.26M 15.70M 15.91M 19.68M 20.72M 23.36M 23.41M 45.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 15.25M 15.27M 16.46M 19.81M 20.78M 23.44M 28.63M 57.12M 70.09M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.94 -2.51 -2.56 -2.58 -1.97 -2.62 -2.88 -2.68 -4.13 -2.89
Normalized NOPAT Margin		 -42.05% -138.11% -144.68% -135.98% -118.80% -214.17% -235.30% -240.35% -403.84% -303.87%
Pre Tax Income Margin		 14.65% -295.76% -306.63% -294.20% -220.95% -132.03% -256.58% -283.39% -548.73% -421.16%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 -19.52 -6.92 -5.56 -2.63 -18.01 -18.25 -28.50 -13.23 0.00
NOPAT to Interest Expense		 0.00 -9.58 -3.74 -3.03 -1.95 -30.84 -17.65 -25.02 -10.48 0.00
EBIT Less CapEx to Interest Expense		 0.00 -19.59 -6.93 -5.56 -2.63 -18.07 -18.32 -28.55 -13.24 0.00
NOPAT Less CapEx to Interest Expense		 0.00 -9.65 -3.75 -3.04 -1.95 -30.90 -17.72 -25.07 -10.48 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

CXApp’s latest quarter shows improving revenue, but profitability and cash burn remain major concerns. In Q1 2026, revenue rose to $950,000 from $1.0 million in Q4 2025 and $1.1 million in Q3 2025, but the company still posted a $4.0 million net loss and negative operating cash flow. The balance sheet is stronger than it was a year ago in terms of cash, yet leverage and accumulated losses remain meaningful risks.

  • Q1 2026 cash and equivalents increased to $12.3 million, up from $5.1 million in Q3 2025 and $3.9 million in Q1 2025, giving CXApp more liquidity than it had earlier in the year.
  • Revenue has been relatively stable on a sequential basis, with $950,000 in Q1 2026 versus $1.02 million in Q4 2025 and $1.11 million in Q3 2025.
  • Gross margin remains strong: Q1 2026 gross profit was $790,000 on $950,000 of revenue, implying a gross margin of about 83%.
  • Operating cash flow improved versus the prior quarter, with net cash from operations of -$2.21 million in Q1 2026 compared with -$3.63 million in Q4 2025.
  • The company generated substantial financing inflows in Q1 2026, including $2.46 million from common equity issuance and $990,000 from debt issuance.
  • Accounts receivable rose to $1.19 million from $278,000 in Q3 2025, which could reflect higher billing but also means more cash is tied up in collections.
  • Deferred revenue increased to $2.0 million in Q1 2026 from $1.6 million in Q3 2025, which may support future revenue recognition.
  • Long-term debt stood at $10.8 million at the end of Q1 2026, down from the combined debt load seen in earlier periods but still significant relative to the company’s size.
  • The company remains heavily loss-making, with Q1 2026 net loss of $4.0 million after losses of $5.6 million in Q4 2025 and $3.2 million in Q3 2025.
  • Operating expenses were far above revenue in Q1 2026, with $4.9 million of operating expenses versus $950,000 of revenue.
  • CXApp posted a -$2.21 million operating cash flow deficit in Q1 2026, showing the business is still burning cash from core operations.
  • The company’s balance sheet still carries a large accumulated deficit, with retained earnings of -$94.7 million in Q1 2026.
  • Share dilution is a concern: weighted average basic shares rose to 45.2 million in Q1 2026 from 23.4 million in Q4 2025 and 19.7 million in Q1 2025.
  • Revenue is still much lower than the prior-year quarter, falling to $950,000 from $1.2 million in Q1 2025 and well below the $1.8 million to $2.0 million range seen in parts of 2024.

Bottom line: CXApp has improved its liquidity and continues to produce high gross margins, but the company is still struggling to turn revenue into profits or positive operating cash flow. Investors should watch for sustained revenue growth, expense control, and whether management can reduce reliance on financing and dilution.

07/21/26 06:00 AM ETAI Generated. May Contain Errors.

CXApp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CXApp's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

CXApp's net income appears to be on an upward trend, with a most recent value of -$13.47 million in 2025, falling from $9.21 million in 2021. The previous period was -$19.41 million in 2024. Find out what analysts predict for CXApp in the coming months.

CXApp's total operating income in 2025 was -$17.58 million, based on the following breakdown:
  • Total Gross Profit: $4.01 million
  • Total Operating Expenses: $21.58 million

Over the last 3 years, CXApp's total revenue changed from $0.00 in 2021 to $4.58 million in 2025, a change of 458,300,000.0%.

CXApp's total liabilities were at $18.45 million at the end of 2025, a 13.8% increase from 2024, and a 42.0% decrease since 2020.

In the past 5 years, CXApp's cash and equivalents has ranged from $406.13 thousand in 2021 to $11.10 million in 2025, and is currently $11.10 million as of their latest financial filing in 2025.

Over the last 3 years, CXApp's book value per share changed from -0.61 in 2021 to 0.49 in 2025, a change of -179.9%.


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Financial statements for NASDAQ:CXAI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
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Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
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Your $29.97 book is free today
Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options ca...
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SPCX Warning - and Worst News for Stocks in 50 Years
Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in ...
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Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
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Elon’s new "tollbooth"
The SpaceX IPO was valued at $1.75 trillion. But one analyst says fighting over those shares may be the wrong ...
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Elon's new "super startup"
Adam O'Dell - the analyst who recommended Palantir before it became the top S&P 500 performer - has identified...
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