Quarterly ResultMay 13, 2026, 04:38 PM
CXApp Q1 Revenue $0.95M; Secures $5M Total Contract Value from New Deals
AI Summary
CXApp Inc. reported its financial results for the first quarter ended March 31, 2026, with revenue of approximately $0.95 million. The company announced significant enterprise momentum, securing approximately $5 million in total contract value from three major enterprise organizations following competitive evaluations. CXApp also highlighted a high-quality revenue mix with 98% subscription revenue, a strong GAAP gross margin of 83%, and a cash position of $12.3 million, alongside being recognized as a Visionary in the Gartner Magic Quadrant for Workplace Experience Applications.
Key Highlights
- Q1 2026 revenue was approximately $0.95 million.
- Secured approximately $5 million in total contract value from three major enterprise organizations.
- Total bookings for Q1 2026 were approximately $1.4 million, mostly recurring.
- Subscription revenue represented approximately 98% of total revenue.
- GAAP gross margin remained strong at approximately 83%.
- Cash and cash equivalents totaled approximately $12.3 million as of March 31, 2026.
- Deferred revenue increased to approximately $2.0 million.
- Named a Visionary in the inaugural Gartner Magic Quadrant for Workplace Experience Applications.