Quarterly ResultAug 4, 2026, 05:23 PM
Crexendo Q2 Revenue +48.9% to $24.6M; Net Income $1.05M
AI Summary
Crexendo reported a substantial increase in total revenue for the second quarter of 2026, rising 48.9% to $24.6 million. However, net income for the quarter decreased by 14.6% to $1.05 million, resulting in diluted EPS of $0.03. The company also completed a business acquisition during the six-month period, involving a cash outlay of $26.2 million and issuance of $7.4 million in stock, contributing to asset growth.
Key Highlights
- Q2 2026 Total Revenue increased 48.9% year-over-year to $24.6 million.
- Q2 2026 Net Income decreased 14.6% year-over-year to $1.05 million.
- Q2 2026 Diluted Earnings Per Share was $0.03, down 25% year-over-year.
- Total Assets as of June 30, 2026, grew to $101.0 million from $77.7 million.
- Cash and Cash Equivalents stood at $18.3 million as of June 30, 2026.
- A business acquisition used $26.2 million cash and issued $7.4 million in stock.
- Total Stockholders' Equity increased to $78.1 million as of June 30, 2026.
Price Impact
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