Filing Flows › Crexendo (CXDO) › Q1 2026
Crexendo (CXDO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Crexendo (CXDO) reported revenue of $20.7M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +15% from the quarter before. Operating margin was 2.1%, net earnings $578K (2.8% of revenue).
Crexendo, Q1 2026: revenue $20.7M (+29% year over year), operating margin 2.1%, net earnings $578K, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.7M | +15% | +29% |
| Operating profit | $440K | -61% | -62% |
| Net earnings | $578K | -53% | -51% |
| Operating cash flow | $2.0M | -13% | +65% |
What changed
Revenue was $20.7M in Q1 2026, up 29% year over year and up 15% from the previous quarter. Cloud Telecommunications Segment was the largest line at 63% of revenue. Cloud Telecommunications Segment added $3.8M year over year (up 41%), 82% of the total change.
Operating profit was $440K, a 2.1% margin (down 5.0 points year over year). Operating profit fell $710K even though revenue rose $4.7M versus Q1 2025, so costs grew faster than sales. Total costs grew 36% against revenue growth of 29%. The fastest-growing cost line was General & admin (+44%). Net earnings were $578K, down 51% year over year. The effective tax rate was 4.8%. Non-operating items added $167K, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.0M (up 65% year over year), 352% of net earnings. Non-cash charges added back $45K of depreciation and amortization and $721K of share-based compensation. Working capital and other items added $693K.
Questions
What was Crexendo's revenue in the first quarter 2026?
Crexendo (CXDO) reported revenue of $20.7M for the first quarter 2026 (Q1 2026), +29% from a year earlier and +15% from the quarter before.
Was Crexendo profitable in the first quarter 2026?
Operating profit was $440K (2.1% of revenue) and net earnings $578K.
Source: Crexendo 10-Q on SEC EDGAR.