Crexendo, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026, reporting third-quarter total revenue of $25,182 thousand and net income of $1,118 thousand.

Key Highlights

  • Total revenue: $25,182 thousand for the three months ended September 30, 2026, compared to $17,497 thousand in the same period of 2025.
  • Net income: $1,118 thousand for Q3 2026, compared to $1,450 thousand in Q3 2025.
  • Nine-month revenue: $70,538 thousand for the nine months ended September 30, 2026, up from $50,106 thousand in the prior-year period.
  • Total assets: $103,827 thousand as of September 30, 2026, versus $77,686 thousand as of December 31, 2025.
  • Accumulated deficit reduced: $(78,972) thousand as of September 30, 2026, improved from $(81,719) thousand as of December 31, 2025.
  • Shares outstanding: 33,375,586 shares of common stock as of October 31, 2026.
  • Acquisition-related shares: 1,159,638 shares of common stock were issued in connection with a business acquisition during Q1 2026.

Crexendo Reports Q3 2026 Financial Results with Higher Revenue and Expanded Asset Base

According to the filing, Crexendo, Inc. (NASDAQ:CXDO) reported total revenue of $25,182 thousand for the three months ended September 30, 2026, an increase from $17,497 thousand in the comparable prior-year quarter. Revenue components for Q3 2026 included service revenue of $15,052 thousand, software solutions revenue of $7,695 thousand, and product revenue of $2,435 thousand, the company disclosed. For the nine-month period ended September 30, 2026, total revenue reached $70,538 thousand, compared to $50,106 thousand for the same period in 2025.

The filing reported net income of $1,118 thousand for Q3 2026 and $2,747 thousand for the nine months ended September 30, 2026, compared to $1,450 thousand and $3,853 thousand, respectively, in the prior-year periods. Total operating expenses for Q3 2026 were $24,100 thousand, with selling and marketing expenses of $8,372 thousand representing the largest single component, according to the filing. Income from operations for the quarter was $1,082 thousand, down from $1,305 thousand in Q3 2025.

As of September 30, 2026, the company reported total assets of $103,827 thousand, up from $77,686 thousand at December 31, 2025. The filing attributed part of the balance sheet expansion to intangible assets of $36,468 thousand and goodwill of $14,170 thousand, compared to $17,860 thousand and $9,454 thousand, respectively, at year-end 2025. Total stockholders' equity grew to $80,060 thousand from $63,821 thousand over the same period. The company's additional paid-in capital stood at $158,829 thousand as of September 30, 2026, and the accumulated deficit narrowed to $(78,972) thousand. During Q1 2026, the company issued 1,159,638 shares of common stock valued at $7,433 thousand in connection with a business acquisition, as disclosed in the statements of stockholders' equity.

What Was Disclosed

Crexendo filed its quarterly 10-Q for the period ended September 30, 2026, disclosing revenue of $25,182 thousand, net income of $1,118 thousand, total assets of $103,827 thousand, and 33,375,586 shares outstanding as of October 31, 2026.