Crexendo, Inc. income statement
In fiscal 2025, Crexendo, Inc. reported revenue of $68.2m, up 12.0% on the year before, operating income of $4.7m (a 6.9% margin) and net income of $5.1m, or $0.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 48 | 17 | 10 | 8 | 8 | 9 | 10 | 12 | 14 | 16 | 28 | 38 | 53 | 61 | 68 | 81 |
| Cost of revenue | 22 | 18 | 5 | 4 | 4 | 4 | 4 | — | — | 4 | 5 | — | — | — | — | — | — |
| Gross profit | 44 | 30 | 12 | 6 | 4 | 4 | 5 | — | — | 10 | 11 | — | — | — | — | — | — |
| Research and development | 3 | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 5 | 6 | 6 | 6 |
| Selling and marketing | 33 | 21 | 4 | 3 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 8 | 12 | 15 | 17 | 18 | 23 |
| General and administrative | 15 | 12 | 12 | 7 | 7 | 6 | 5 | 4 | 4 | 4 | 5 | 11 | 13 | 14 | 14 | 15 | 18 |
| Operating income | −7 | −6 | −6 | −6 | −7 | −5 | −3 | −1 | −0 | 1 | 1 | −3 | −37 | −2 | 2 | 5 | 4 |
| Interest expense | 0 | 0 | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | — | — | −0 | −0 | −0 | — |
| Income before tax | −2 | −1 | −4 | −5 | −6 | −5 | −3 | −1 | −0 | 1 | 2 | −3 | −36 | −0 | 2 | 5 | 5 |
| Income tax | — | 5 | −0 | −0 | 0 | −0 | 0 | 0 | 0 | 0 | 6 | −0 | −1 | 0 | 0 | 0 | 0 |
| Net income | −2 | −6 | −4 | −5 | −6 | −5 | −3 | −1 | −0 | 1 | 8 | −2 | −35 | −0 | 2 | 5 | 4 |
| Diluted EPS | −$0.20 | −$0.59 | −$0.37 | −$0.46 | −$0.57 | −$0.35 | −$0.21 | −$0.07 | −$0.02 | $0.07 | $0.46 | −$0.12 | −$1.54 | −$0.01 | $0.06 | $0.16 | $0.13 |
| Diluted shares (average) | 11m | 11m | 11m | 11m | 11m | 13m | 13m | 14m | 14m | 16m | 17m | 20m | 23m | 26m | 30m | 32m | 33m |
| EBITDA | −5 | −5 | −5 | −5 | −6 | −5 | −3 | −1 | −0 | 1 | 1 | 232 | −37 | −1 | 2 | 5 | 4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 16 | 16 | 17 | 17 | 18 | 21 | 25 |
| Research and development | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 |
| Selling and marketing | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 8 |
| General and administrative | 4 | 3 | 4 | 4 | 4 | 4 | 5 | 5 |
| Operating income | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
| Interest expense | 0 | — | 0 | 0 | 0 | — | — | — |
| Net interest income | — | — | −0 | −0 | — | — | 0 | −0 |
| Income before tax | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | $0.00 | $0.02 | $0.04 | $0.04 | $0.05 | $0.04 | $0.02 | $0.03 |
| EBITDA | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 |
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