CXApp (CXAI) AI Stock Analysis

• Market Cap: $10.61M
• Dividend Yield: N/A
• Average Volume (3M): 2.55M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: -27.47%
• EPS Growth: 83.06%
• Country: US
• Employees: 41
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.13
• Shares Outstanding: 31,895,930
• 10 Day Avg. Volume: 1,662,859
• 30 Day Avg. Volume: 2,554,686
• PEG Ratio: 0.02
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 4.05
• P/FCF Ratio: -3.94
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $2.00
• Price Target Upside: 400.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.32 ▼(-19.50% Downside)

The score is held down primarily by weak financial performance (shrinking TTM revenue, large ongoing losses, and continued cash burn) and bearish technicals (below major moving averages with negative MACD). The latest earnings call adds some support via improving margins, subscription mix, and cost discipline, but revenue softness remains a key risk; valuation metrics are limited due to negative earnings.

Positive Factors

High gross margin

Sustained gross margins near 89% indicate strong software-like unit economics and low incremental delivery costs. That structural profitability on revenue enables operating leverage as the business scales, supporting a clearer path to sustainable margins if revenue stabilizes or grows.

Subscription-heavy revenue mix

A 99% subscription mix shifts revenue toward recurring, predictable streams, improving visibility and retention potential. This structural change reduces dependence on one-time hardware sales, facilitating long-term customer lifetime value, upsell opportunities, and more stable cash flow profiles.

Enterprise renewals and large deployments

Multiple renewals, including Fortune 500 clients and multi-campus deployments, demonstrate product stickiness and enterprise credibility. These durable relationships drive recurring revenue, create referenceability for new sales, and support expansion across campuses and geographies over months to years.

Negative Factors

Sharp revenue decline

A sustained ~31.6% TTM revenue decline signals structural demand, retention, or go-to-market issues. Falling top-line weakens the company’s ability to absorb fixed costs, delays scaling benefits from high gross margins, and makes execution on margin improvement and profitable growth materially harder.

Negative operating and free cash flow

Persistent negative OCF and FCF (~$9.5M TTM) means the business consumes cash to operate and invest. Even with improvement, continued cash burn requires external funding or dilution, constrains strategic investments, and increases execution risk over the next several quarters.

Rising leverage and deep losses

Debt-to-equity rising to ~0.56 alongside very negative ROE (~-92%) highlights tightening financial flexibility. Combined leverage and ongoing losses heighten refinancing and dilution risk, limiting runway for product investment and complicating recovery if revenue trends do not reverse.

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, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation. The company was formerly known as KINS Technology Group Inc. and changed its name to CXApp Inc. in March 2023. The company is based in Palo Alto, California.

How the Company Makes Money

CXApp generates revenue through a subscription-based model, where clients pay monthly or annual fees to access its software platforms. Key revenue streams include tiered pricing plans based on the number of users or features utilized, as well as additional charges for premium services such as advanced analytics and custom integrations. The company has established significant partnerships with other technology providers, allowing for additional revenue through joint solutions and integrations, thereby enhancing its market reach and customer base.

CXApp Financial Statement Overview

Summary

CXApp's financial performance is weak, with declining revenues, substantial net losses, and negative cash flows. Despite a healthy gross profit margin, the net profit margin is highly negative, indicating significant financial challenges. The balance sheet shows a stable but weak position, with a manageable debt level but poor profitability. Cash flow issues are severe, with negative free cash flow growth and reliance on financing activities.

Income Statement

CXApp's income statement reflects significant financial challenges. The company has seen declining revenues over the past two years, with a revenue growth rate of -3.04% from 2023 to 2024. Gross profit margin is relatively healthy at 81.98% for 2024, yet the net profit margin remains highly negative at -271.73%, indicating substantial net losses. EBIT and EBITDA margins are also negative, showcasing operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet shows a stable but weak financial position. The debt-to-equity ratio is 0.32 for 2024, indicating a manageable level of debt relative to equity. However, the return on equity is significantly negative at -124.49%, reflecting poor profitability. The equity ratio stands at 49.03%, suggesting a moderate level of equity financing relative to total assets, but the overall financial health is undermined by consistent losses.

Cash Flow

CXApp's cash flow statement indicates severe cash flow issues. The free cash flow growth rate is negative, and both the operating cash flow to net income ratio and the free cash flow to net income ratio are negative, highlighting that the company is not generating sufficient cash from operations to support its losses. The high reliance on financing activities for cash inflows underscores sustainability concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.11M	7.14M	7.37M	8.47M	0.00	0.00
Gross Profit	3.43M	5.86M	5.62M	6.41M	0.00	0.00
EBITDA	-7.91M	-10.54M	-53.58M	-18.67M	-1.50M	0.00
Net Income	-11.89M	-19.41M	-53.62M	-29.18M	9.21M	-9.80M
Balance Sheet
Total Assets	28.54M	31.80M	36.58M	29.28M	279.37M	280.24M
Cash, Cash Equivalents and Short-Term Investments	5.09M	4.88M	6.28M	6.31M	406.13K	1.02M
Total Debt	6.86M	5.59M	3.56M	710.00K	0.00	0.00
Total Liabilities	13.31M	16.21M	11.18M	5.89M	21.70M	31.79M
Stockholders Equity	15.23M	15.59M	25.40M	23.39M	257.67M	248.46M
Cash Flow
Free Cash Flow	-9.47M	-7.36M	-17.98M	-19.38M	-595.32K	-514.70K
Operating Cash Flow	-9.45M	-7.33M	-17.91M	-18.89M	-595.32K	-514.70K
Investing Cash Flow	-21.00K	-30.00K	9.89M	-482.00K	0.00	-278.76M
Financing Cash Flow	9.49M	5.98M	16.51M	20.73M	-17.58K	280.29M

CXApp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CXAI, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.44, and below the 200-day MA of 0.81, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 33.90 is Neutral, neither overbought nor oversold. The STOCH value of 24.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CXAI.

CXApp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IPM	49 Neutral	$16.81M	-5.22	―	―	―	―
SMSI	44 Neutral	$14.63M	-0.35	-101.21%	―	-24.08%	70.11%
CXAI	43 Neutral	$10.61M	―	-80.59%	―	-27.47%	83.06%

CXApp Corporate Events

CXApp Issues Shares to Avondale Capital

On December 9 and 10, 2025, CXApp Inc. issued 3,266,615 shares of common stock to Avondale Capital, LLC at a price of $0.348985 per share. This transaction was conducted under a Securities Purchase Agreement dated March 26, 2025, and relied on Section 4(a)(2) of the Securities Act of 1933, indicating it was not a public offering.

The most recent analyst rating on (CXAI) stock is a Hold with a $0.45 price target. To see the full list of analyst forecasts on CXApp stock, see the CXAI Stock Forecast page.

CXApp Enters $5M Agreement with Avondale Capital

On October 17, 2025, CXApp Inc. entered into a financial agreement with Avondale Capital, LLC, involving a pre-paid purchase of $5 million, which includes an original issue discount and provisions for Avondale to potentially receive shares of common stock. This agreement, part of a broader securities purchase arrangement, allows Avondale to convert the outstanding balance into shares, potentially impacting CXApp’s stock issuance and financial strategy.

The most recent analyst rating on (CXAI) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on CXApp stock, see the CXAI Stock Forecast page.