Quarterly ResultAug 4, 2026, 04:09 PM
Crexendo Q2 Revenue +49% to $24.6M; Adjusted EBITDA +46%
AI Summary
Crexendo, Inc. announced strong second quarter 2026 financial results, with total revenue increasing 49% year-over-year to $24.6 million and Adjusted EBITDA growing 46% to $4.1 million. The company reported Non-GAAP net income of $4.1 million, or $0.12 per share. Management highlighted the successful integration of the ESI acquisition, securing eleven new platform logos, and significant growth in operating cash flow, expressing enthusiasm for future profitable growth and AI-related revenue in 2027.
Key Highlights
- Total revenue increased 49% year-over-year to $24.6 million in Q2 2026.
- Non-GAAP net income rose to $4.1 million, or $0.12 per share, in Q2 2026.
- Adjusted EBITDA increased 46% to $4.1 million for Q2 2026.
- Secured eleven new platform logos in Q2 2026, up from two in Q2 2025.
- ESI acquisition integration is progressing well and exceeding initial expectations.
- Cash provided by operating activities increased 89% to $4.8 million for H1 2026.
- GAAP net income was $1.1 million, or $0.03 per share, for Q2 2026.
- AI offerings are expected to become meaningful revenue contributors in 2027.
Price Impact
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