8x8, Inc. (EGHT) Stock

8x8, Inc. (EGHT) is a Technology stock trading at $2.01 (as of 2026-08-20), with a market capitalization of $290.32M and a trailing P/E of 848.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

8x8, Inc. delivers cloud-based communications and contact-center software, including unified voice/video/chat offerings, a contact center platform, and communication APIs for building messaging and calling into other applications. Its solutions are used by small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide.

Understand 8x8, Inc.: how it makes money

8x8 provides unified communications and contact center Software-as-a-Service, including voice, video, chat, and communication APIs, sold to small and mid-size businesses and larger enterprises on subscription and usage-based plans.

The profit model is driven by recurring service contracts, with Remaining Performance Obligations of 0.78 USD_B indicating contracted future revenue that is tied to how subscriptions and usage are delivered and recognized.

Revenue by segment (latest quarter)
Service$0.2B
Other$0.0B

Business quality (Weak): Good high-level visibility into the recurring revenue engine (Remaining Performance Obligations, enterprise recurring subscriptions and usage revenue) and margin snapshot (gross 63.9%, operating 5.2%), but the dataset does not include a detailed, mutually exclusive segment breakdown beyond Service and Other, and it does not provide latest quarter operational details.

Valuation: Trades at 172× trailing earnings · $0B market cap.

Bull case

  • Contracted recurring demand: Remaining Performance Obligations are 0.78 USD_B, which supports visibility into future service delivery.
  • Recurring mix anchored by enterprise plans: Enterprise Annual Recurring Subscriptions and Usage Revenue is 0.41 USD_B, and usage-based offerings represent 23% of service revenue (usage revenue is 19% of service revenue).
  • Customer expansion signals: Enterprise customers are 1250 (count), customers with three or more products are 700 (count), and new enterprise customers added in 8x8 are 120 (count).
  • Solid profitability profile in the provided snapshot: Gross margin is 63.9% and operating margin is 5.2% for the 2025-12-31 period.

Bear case

  • Revenue concentration in one main line: Service revenue is 0.18 USD_B out of total revenue of 0.2 USD_B in the provided snapshot, so weakness in service revenue can disproportionately affect results.
  • Usage components can add volatility: Usage-based offerings are 23% of service revenue (and usage revenue is 19% of service revenue), which can make parts of revenue depend on customer usage levels rather than purely fixed subscriptions.
  • Backlog timing execution matters: Remaining Performance Obligations are 0.78 USD_B, so performance depends on converting contracted obligations into recognized revenue over time.
  • Data lacks clarity on sub-service drivers: The dataset shows FUSE and Fuze-related figures (for example, FUSE Service Revenue is 0.03 USD_B), but it does not provide a fully mutually exclusive segment breakdown that ties every sub-component to total revenue for easier driver analysis.
Valuation — source: SEC EDGAR (first-party)
Price$2.01
Market Cap$290.32M
P/E Ratio848.9
EV / EBITDA16.0
Price / Book1.96
Price / Sales0.39
FCF Yield29.4%
DCF Value (model)$6.34
DCF Upside vs Price215.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$735.75M
Net Margin0.2%
Revenue Growth (YoY)2.9%
EPS Growth (YoY)-104.8%
FCF Growth (YoY)-14.8%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.31 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E848.9
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector2401.9%
vs Industry2734.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)2
Top Institutional HolderBlackRock Fund Advisors ($98.88M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOSamuel C. Wilson
Employees1,948
CountryUS
IPO Date1997-07-02

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

  • Cars.com Inc. (CARS)
  • NerdWallet, Inc. (NRDS)
  • Ooma, Inc. (OOMA)
  • IBEX Limited (IBEX)
  • AIAI Holdings Corp (AIAI)
  • Gloo Holdings, Inc. (GLOO)
  • Shutterstock, Inc. (SSTK)
  • ReposiTrak, Inc. (TRAK)
EGHT earnings history · EGHT institutional & insider holders · EGHT KPIs & operating metrics · EGHT financials · EGHT investor presentations & press releases · EGHT SEC filings · EGHT peers · Congress trades · Insider trades · Short interest · Stock screener

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.