| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.95 | 22.1% |
| Total Income | 0.95 | 22.1% |
| Expenditure | 5.07 | 2.0% |
| PBT | -4.00 | 146.9% |
| Net Profit | -4.00 | 146.9% |
| OPM | — | |
| NPM | — | |
| EPS | — |
CXApp Inc. Reports Q1 2026 Results; Announces $5M+ Total Contract Value
14 May 2026 · 14 May, 2:07 am
Summary
CXApp Inc. reported its financial results for the first quarter ended March 31, 2026. The company announced approximately $5 million in total contract value from three major enterprise organizations. Revenue for the quarter was approximately $0.95 million, with subscription revenue representing approximately 98% of the total. The GAAP gross margin remained strong at approximately 83%, and cash and cash equivalents totaled approximately $12.3 million.
Key Highlights
- 1
CXApp Inc. reported revenue of approximately $0.95 million for the first quarter of 2026.
- 2
Subscription revenue represented approximately 98% of total revenue during the quarter.
- 3
GAAP gross margin remained strong at approximately 83% for Q1 2026.
- 4
Cash and cash equivalents totaled approximately $12.3 million as of March 31, 2026.
- 5
Deferred revenue increased to approximately $2.0 million, reflecting continued enterprise renewals and customer agreements.
- 6
The Company secured approximately $5 million in total contract value from new deals in Q1 2026.
- 7
Total bookings for the quarter were approximately $1.4 million, mostly recurring in nature.
Management Comments
Joy Mbanugo
Our first quarter reflects a highly recurring revenue base, strong gross margin profile and growing traction with enterprise opportunities tied to our agentic AI strategy. With approximately $12.3 million in cash and increased deferred revenue, we believe we are well positioned to execute against our 2026 priorities.
Khurram Sheikh
Enterprise AI is moving from horizontal tools to vertical operating layers. With enterprise demand building and AI adoption accelerating, CXAI is focused on converting the 30X+ market opportunity in AI-powered workplace transformation into durable recurring growth by scaling enterprise deployments, expanding agentic workflows and capturing a larger share of the modern workplace technology stack.
Informational and educational content only. Not investment advice.