Cxapp Inc. (CXAI)
NASDAQ:CXAI
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CXApp
(NASDAQ:CXAI)
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Rating:45Neutral
Price Target:
$0.19
▼(-52.00% Downside)
Action:ReiteratedDate:04/14/26
The score is driven primarily by weak financial performance (large ongoing losses and cash burn with rising leverage) and bearish technicals (price below key moving averages with negative MACD). Earnings-call messaging and guidance provide some offset via improving margins, a shift to recurring revenue, and an optimistic 2026 growth outlook, but dilution and Nasdaq compliance events remain notable near-term risks.
Positive Factors
Higher-quality recurring revenue mix
A 98% subscription mix materially raises revenue predictability and reduces reliance on one-time services. Over 2–6 months this improves unit economics, supports higher gross margin scalability, and makes future ARR-driven forecasting and retention-focused GTM more effective versus volatile service revenue.
Negative Factors
Persistent operating cash burn
Negative operating and free cash flow of roughly -$10M annually signals sustained cash burn relative to small revenues. With limited internal generation, the company remains dependent on external financing to execute its roadmap, increasing execution risk if capital access tightens over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Higher-quality recurring revenue mix
A 98% subscription mix materially raises revenue predictability and reduces reliance on one-time services. Over 2–6 months this improves unit economics, supports higher gross margin scalability, and makes future ARR-driven forecasting and retention-focused GTM more effective versus volatile service revenue.
Read all positive factors
CXApp (CXAI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.15M
Dividend YieldN/A
Average Volume (3M)11.95M
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-35.83%
EPS Growth53.49%
CountryUS
Employees41
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.58
Shares Outstanding68,536,606
10 Day Avg. Volume8,683,668
30 Day Avg. Volume11,954,079
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.56
Price to Sales (P/S)1.70
P/FCF Ratio-0.75
Enterprise Value/Market Cap0.48
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit2.45
Enterprise Value/Ebitda-0.64
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.7
Revenue Forecast (FY)$8.00M
CXApp Business Overview & Revenue Model
Company Description
CXApp Inc. provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, s...
How the Company Makes Money
CXApp primarily generates revenue by licensing its software platform to customers, typically through recurring subscriptions (SaaS) tied to use of its workplace/experience applications and related modules. Additional revenue can come from professi...
CXApp Earnings Call Summary
Earnings Call Date:Mar 30, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 26, 2026
Earnings Call Sentiment Positive
The call communicated a transitional year (FY2025) marked by deliberate strategy changes: top-line revenue contracted materially as management exited lower-quality revenue and absorbed short-term transition costs, but underlying unit economics strengthened. Key positives include a sharp shift to recurring subscription revenue (98% of mix), gross margin expansion to 87%, an $11.1M cash balance providing runway, product differentiation via Agentic AI (BOND + CORTEX), solid IP filings, and a strategic TouchSource partnership and growing enterprise pipeline that underpin management’s expectation of double-digit growth in 2026. Main negatives are the 36% revenue decline, continued operating losses and negative adjusted EBITDA, non-cash accounting swings (derivative liabilities and goodwill impairment) that worsened adjusted results, customer churn during transition, and a NASDAQ bid-price compliance risk. On balance, the call emphasized that the difficult reset is largely complete and painted an optimistic growth outlook for 2026 while acknowledging near-term execution and market-compliance risks.Positive Updates
Shift to High-Quality Recurring Revenue
Subscription revenue now represents 98% of total revenue, up from 87% a year ago (an 11 percentage-point increase), reflecting a deliberate move away from one-time services toward predictable, high-margin recurring revenue.
Negative Updates
Material Revenue Decline
Total revenue declined 36% year-over-year to $4.6M (from $7.2M), driven by the intentional exit of non-core contracts/professional services, customer churn during platform transition, and reduced bookings during repositioning.
Read all updates
Q4-2025 Updates
Positive
Negative
Shift to High-Quality Recurring Revenue
Subscription revenue now represents 98% of total revenue, up from 87% a year ago (an 11 percentage-point increase), reflecting a deliberate move away from one-time services toward predictable, high-margin recurring revenue.
Read all positive updates
Company Guidance
The company guided that 2026 will be a year of “AI‑driven acceleration,” targeting double‑digit revenue growth driven by its Agentic AI platform (BOND + CORTEX) and a 20+ customer pipeline, with strong Q4 bookings carrying into 2026; other metrics cited include FY2025 revenue of $4.6M (down 36% YoY from $7.2M) with subscription revenue now 98% of the mix (up from 87%), gross margin expanded to 87% (from 82%), cash of $11.1M (covering ~6 quarters), EBITDA loss improving to negative $10M (vs. negative $15.6M in 2024, a 35% improvement), adjusted EBITDA negative $9.8M (impacted by a -$4.5M fair‑value derivative swing vs. +$3.2M prior), cost of revenues down 55% to $578K (from $1.3M), OpEx $21.6M (+10% YoY) with R&D +4% and S&M cut 36%, and product/timing targets including CXAI 2.0 in June 2026, CXAI Sky roadmap thereafter, TouchSource channel access to 11,000+ screens, deployments across 200+ cities/50+ countries/1M+ users, 39 patents filed (18 granted), and a NASDAQ bid‑price compliance extension through September that management expects to cure via growth and market re‑rating.CXApp Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
45
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.58M | 7.14M | 7.37M | 8.47M | 0.00 |
| Gross Profit | 1.27M | 5.86M | 5.62M | 6.41M | 0.00 |
| EBITDA | -12.27M | -10.54M | -53.58M | -18.67M | -1.50M |
| Net Income | -13.47M | -19.41M | -53.62M | -29.18M | 9.21M |
Balance Sheet | |||||
| Total Assets | 32.43M | 31.80M | 36.58M | 29.28M | 279.37M |
| Cash, Cash Equivalents and Short-Term Investments | 11.10M | 4.88M | 6.28M | 6.31M | 406.13K |
| Total Debt | 12.88M | 5.59M | 3.56M | 710.00K | 0.00 |
| Total Liabilities | 18.45M | 16.21M | 11.18M | 5.89M | 21.70M |
| Stockholders Equity | 13.98M | 15.59M | 25.40M | 23.39M | 257.67M |
Cash Flow | |||||
| Free Cash Flow | -10.38M | -7.36M | -17.98M | -19.38M | -595.32K |
| Operating Cash Flow | -10.38M | -7.33M | -17.91M | -18.89M | -595.32K |
| Investing Cash Flow | -23.00K | -30.00K | 9.89M | -482.00K | 0.00 |
| Financing Cash Flow | 16.64M | 5.98M | 16.51M | 20.73M | -17.58K |
CXApp Technical Analysis
Neutral
0.40
Price Trends
0.20
Negative
0.28
Negative
0.54
Negative
Market Momentum
-0.01
Negative
50.42
Neutral
72.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CXAI, the sentiment is Neutral. The current price of 0.4 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and below the 200-day MA of 0.54, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.42 is Neutral, neither overbought nor oversold. The STOCH value of 72.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CXAI.
CXApp Risk Analysis
CXApp disclosed 55 risk factors in its most recent earnings report. CXApp reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CXApp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | $16.81M | -2.71 | ― | ― | ― | ― | |
52 Neutral | $22.75M | -1.19 | -121.17% | ― | -12.47% | 20.72% | |
45 Neutral | $11.15M | -0.35 | -91.15% | ― | -35.83% | 53.49% | |
43 Neutral | $7.62M | -1.04 | -174.91% | ― | -2.94% | -614.49% |
* Technology Sector Average
CXAI
CXApp
0.16
-0.89
-84.57%
SMSI
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0.89
-0.15
-14.83%
IPM
Intelligent Protection Management
1.85
0.07
3.93%
AMST
Amesite
1.00
-1.18
-54.17%
WCT
Wellchange Holdings Company Limited
2.05
-10.45
-83.59%
NTCL
NetClass Technology Inc Class A
0.38
-32.13
-98.83%
CXApp Corporate Events
Private Placements and Financing
CXApp Raises Capital Through Private Equity Share Issuance
Neutral
Apr 17, 2026
CXApp Inc. issued a total of 7,304,178 shares of common stock to Avondale Capital, LLC under two pre-paid purchase arrangements tied to an earlier securities purchase agreement dated March 26, 2025. The stock, priced between approximately $0.1449 ...
Private Placements and Financing
CXApp Raises Capital Through Unregistered Private Share Issuance
Neutral
Apr 10, 2026
CXApp Inc. issued a total of 4,116,659 shares of common stock to Avondale Capital, LLC under two pre-paid purchase arrangements tied to a March 26, 2025 securities purchase agreement. The shares were issued on March 30, 2026, April 1, 2026, April ...
Business Operations and StrategyPrivate Placements and Financing
CXApp Raises Private Capital via Unregistered Equity Issuance
Negative
Mar 26, 2026
CXApp Inc. issued an aggregate 10,028,891 shares of common stock to Avondale Capital, LLC under two pre-paid purchase arrangements linked to a March 26, 2025 securities purchase agreement. The stock was issued in a series of private transactions o...
Delistings and Listing ChangesRegulatory Filings and Compliance
CXApp Granted Extended Nasdaq Compliance Period Amid Delisting Risk
Negative
Mar 12, 2026
On September 11, 2025, CXApp Inc. was notified by Nasdaq that its common stock had traded below the $1.00 minimum bid price for 30 consecutive business days, triggering a 180‑day period, through March 10, 2026, to regain compliance. The comp...
Private Placements and Financing
CXApp Raises Capital Through Private Equity Share Issuance
Neutral
Jan 30, 2026
CXApp Inc. issued 4,616,481 shares of common stock to Avondale Capital, LLC under a March 26, 2025 pre-paid purchase arrangement established via a securities purchase agreement between the parties. The shares, priced at $0.24024 each, were issued ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.