Crexendo, Inc. (CXDO) Stock

Crexendo, Inc. (CXDO) is a Communication Services stock trading at $6.27 (as of 2026-08-20), with a market capitalization of $208.50M and a trailing P/E of 57.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Crexendo, Inc. delivers cloud-based business communication and related services, including unified communications and call-center and collaboration offerings, through its Cloud Telecommunications segment, along with broadband Internet services and communications equipment, software, and devices. Its Web Services segment provides website hosting and professional services for businesses in the United States, Canada, and internationally.

Understand Crexendo, Inc.: how it makes money

Crexendo provides cloud communications and unified communications services, including IP and cloud calling, call center and collaboration, plus related web software, and it makes money through cloud telecommunications service offerings (including resold broadband Internet services) and software solutions.

Because Crexendo runs recurring cloud communication and software offerings, its profit model is most sensitive to retention and scale, measured by the Average Monthly Churn Rate and how many End Users Supported on the Platform remain active over time.

Revenue by segment (latest quarter)
Cloud Tel	$0.0B
Web Svcs	$0.0B

Business quality (Mixed): Clear two-segment structure (Cloud Telecommunications, Web Services) and explicit operating metrics (end users and churn), but the latest reported revenue figures are very small, and some segment revenue fields provided alongside the latest quarter appear to be near zero, which limits how confidently investors can read mix.

Valuation: At 52× earnings, CXDO trades 193% above the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

GAAP Profitability Streak (Consecutive Quarters): Crexendo reported a GAAP profitability streak of 10 consecutive quarters, and it also shows a positive operating margin of 2.1% in the latest quarter.
Churn and scale on the platform: It reports 7,000,000 End Users Supported on the Platform and an Average Monthly Churn Rate of 0.75%, which supports a recurring-usage revenue base rather than a purely one-time model.

Bear case

Thin profitability: An operating margin of 2.1% suggests limited cushion, so unfavorable changes in retention or costs could meaningfully pressure results.
Near-term revenue visibility looks limited in provided backlog metrics: Remaining performance obligations for the Rest of 2026 are shown as 0.0 USD_B, which implies limited future contractual recognition beyond the periods already outlined in the provided figures.
Very small revenue level in the latest quarter: The latest quarter shows Consolidated Revenue of 0.02 USD_B, so results may be sensitive to small absolute changes in customer demand or contract timing.

Valuation — source: SEC EDGAR (first-party)
Price	$6.27
Market Cap	$208.50M
P/E Ratio	57.0
EV / EBITDA	55.2
Price / Book	2.67
Price / Sales	2.50
FCF Yield	5.6%
DCF Value (model)	$2.58
DCF Upside vs Price	-58.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$68.17M
Net Margin	7.4%
Revenue Growth (YoY)	12.0%
EPS Growth (YoY)	183.3%
FCF Growth (YoY)	48.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	8.51 (safe)

Valuation vs Sector & Industry
Stock P/E	57.0
Sector P/E (Communication Services)	24.4
Industry P/E (Communication)	17.9
vs Sector	133.8%
vs Industry	217.9%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($5.30M)
Institutional Holders Tracked	10

Company
Sector	Communication Services
Industry	Communication
CEO	Jeffrey G. Korn
Employees	179
Country	US
IPO Date	2018-03-27

Related Companies (Business model: Telecom Carrier; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.