Crexendo Q3 revenue rises 44% to $25.2 million, but GAAP net income falls
Crexendo reported third quarter 2026 total revenue of $25.2 million, up 44% from $17.5 million a year earlier. GAAP net income was $1.1 million, or $0.03 per share, down from $1.5 million, or $0.05 per share, in the third quarter of 2025, while non-GAAP net income rose to $4.0 million, or $0.12 per share. Shareholders are weighing strong top-line growth against lower GAAP profit, which the company attributes partly to amortization of intangible assets from a recent acquisition.
Key points
- Total revenue rose $7.7 million to $25.2 million; service revenue rose 75% to $15.1 million.
- GAAP net income was $1.1 million, or $0.03 per diluted share, versus $1.5 million, or $0.05, a year earlier.
- Adjusted EBITDA was $4.0 million, compared with $2.9 million in the third quarter of 2025.
- Cash and cash equivalents were $22.8 million at September 30, 2026, versus $31.4 million at December 31, 2025, after $26.2 million was used for an acquisition in the nine months.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.