Crexendo, Inc. (CXDO)

Crexendo's stock price has increased by 7.42% in the past month and 14.83% over the last 12 months as of March 17, 2026. Key events include the company's inclusion in the Russell 2000 Index in 2025 and the acquisition of Estech Systems (ESI) for $35 million in Q4 2025. The company reported strong financial results for Q4 2025 and the full fiscal year 2025, with total revenue increasing 12% year-over-year to $68.2 million and net income reaching $5.1 million. For Q1 2025, Crexendo reported a 12% year-over-year increase in total revenue to $16.1 million, driven by a 33% surge in software solutions revenue.

There is no explicit information indicating significant demand seasonality for Crexendo, Inc.'s products and services. The company's performance suggests a stable and growing demand environment, with a total backlog of $87.9 million, showing a year-over-year growth of 13.6%. The UCaaS business has experienced a significant turnaround with a 28% year-over-year growth in master agent bookings, and the software solutions segment has shown robust performance with 28% year-over-year growth due to new customer acquisitions and upgrades.

Crexendo, Inc. is a software technology company specializing in cloud communications and related services, operating within the Technology Services sector. It provides a comprehensive suite of cloud communication platform software and Unified Communications as a Service (UCaaS) offerings, including voice, video, contact center capabilities, collaboration services, and managed IT services. The company's offerings are delivered through Cloud Telecommunications Services and Software Solutions segments, supporting millions of end-users globally.

Headquartered in Tempe, Arizona, Crexendo, Inc. serves a diverse clientele across the United States, Canada, and internationally. The company has a global growth strategy, supported by scalable cloud infrastructure, and has expanded its reach through strategic partnerships, including a cooperation with Gamma Communications in Europe and a preferred carrier agreement with NUSO, extending its platform's footprint to over 40 countries.

Crexendo has maintained a strong brand reputation, consistently receiving high recognition from G2.com. In the G2 Spring 2026 Reports, Crexendo earned multiple #1 rankings for Best Usability, Best Support, and Most Likely to Recommend across categories such as VoIP, UCaaS, Contact Center, and Customer Communications Management. The company has held the #1 ranking for Ease of Use for 18 consecutive quarters and Quality of Support for 17 consecutive quarters. Crexendo also maintained a 4.9 out of 5-star rating for 16 consecutive quarters and was recognized with the "Generative AI Product of the Year Award" for its AI receptionist, CAIRO.

Crexendo, Inc. has a mixed ownership structure comprising institutional, insider, and retail investors. As of March 27, 2026, institutional shareholders hold 28.63% of the stock, while Crexendo insiders own 86.76%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Essex Investment Management Co Llc, Bard Associates Inc, Acadian Asset Management Llc, Creative Planning, Geode Capital Management, Llc, Dimensional Fund Advisors Lp, Arrowstreet Capital, Limited Partnership, and Legato Capital Management LLC. The largest individual shareholder is Steven G. Mihaylo, who owns 22.55 million shares, representing 72.38% of the company.