CXApp (CXAI) AI Stock Analysis

• Market Cap: $8.86M
• Dividend Yield: N/A
• Average Volume (3M): 5.72M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• 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: 14,393,566
• 30 Day Avg. Volume: 5,716,888
• 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: 0.80
• Enterprise Value/Revenue: 1.73
• Enterprise Value/Gross Profit: 2.08
• Enterprise Value/Ebitda: -0.90
• 1Y Price Target: $2.00
• Price Target Upside: 400.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.7
• Revenue Forecast (FY): $8.00M

• Rating: 48 Neutral
• Price Target: $0.26 ▼(-35.25% Downside)

The score is held down primarily by weak financial performance: sharply declining TTM revenue, very large operating losses, and continued negative operating/free cash flow despite some improvement versus prior periods. Technicals remain unfavorable with the stock below key longer-term moving averages and a negative MACD. The latest earnings call adds a modest offset due to improved margins/expense discipline and positive positioning (Gartner recognition and partnerships), but near-term revenue pressure remains a clear risk. Valuation contributes limited support given negative earnings and no dividend yield provided.

Positive Factors

High gross margin & SaaS mix

A 99% subscription mix with an ~89% gross margin indicates durable, software-like unit economics and recurring revenue. This structurally strengthens revenue predictability and margin scalability versus hardware, enabling operating leverage as sales grow and reducing volatility over the medium term.

Gartner recognition & strategic partnerships

Independent validation from Gartner plus partnerships (e.g., Noro telepresence integration) improve credibility with large enterprise buyers and expand solution stickiness. These structural endorsements help sales cycles, partner-led distribution, and product ecosystem defensibility over 2-6 months and beyond.

Global deployments and user base

Broad geographic footprint and a user base of over one million demonstrate institutional market traction and product-market fit in workplace experience. Global scale supports enterprise sales references, recurring revenue expansion, and modular upsell opportunities across locations over the medium term.

Negative Factors

Sharp revenue decline

A ~31.6% TTM revenue decline signals weakening demand or retention, which undermines operating leverage and makes fixed-cost absorption harder. Even with margin improvements, persistent top-line contraction limits sustainable profitability and complicates growth investments over the next several quarters.

Negative operating and free cash flow

Ongoing negative operating and free cash flow (~-$9.5M TTM) indicate the business is still cash consumptive despite improvement. Continued cash burn forces reliance on external financing, constrains reinvestment in R&D/sales, and elevates execution risk if revenue recovery lags.

Dilutive financings and funding reliance

Material share issuances to a single investor demonstrate dependency on external capital to fund operations. That dilutes existing shareholders and signals limited internal cash generation; repeated financings or unfavorable terms could impair capital structure and strategic flexibility long term.

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

Strong gross margin (~73% TTM) and improving loss trends versus 2023 are positives, but the core profile remains weak: TTM revenue down sharply (-31.59%), profitability deeply negative (net margin ~-229% TTM; EBIT margin ~-184% TTM), and ongoing cash burn with negative operating and free cash flow (both ~-$9.5M TTM). Balance sheet leverage is moderate (debt-to-equity ~0.56), but very negative ROE (~-92%) and rising leverage add funding/execution risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined sharply (-31.59%), signaling weak near-term demand/retention. Profitability remains deeply negative (net margin about -229% TTM; EBIT margin about -184% TTM), though losses have improved materially versus 2023 when margins were far worse. Gross margin is strong (about 73% TTM), which is a positive software-like unit economics signal, but operating costs are still overwhelming the revenue base.

Balance Sheet

Leverage is moderate with debt-to-equity around 0.56 in TTM (Trailing-Twelve-Months), up from 2024 (~0.36) but still not extreme. However, equity returns are meaningfully negative (ROE about -92% TTM), reflecting continued losses and pressure on shareholder value creation. Asset base and equity are positive, but the trend toward higher leverage alongside ongoing losses is a key risk.

Cash Flow

Cash generation is weak with negative operating cash flow and negative free cash flow in TTM (Trailing-Twelve-Months) (both roughly -$9.5M), indicating the business is still consuming cash to operate. Free cash flow burn improved significantly versus 2023 (free cash flow growth positive), but cash flow still does not cover earnings (operating cash flow to net income is negative), underscoring continued reliance on funding or balance sheet resources.

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 0.31, above the 50-day MA of 0.36, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 38.10 is Neutral, neither overbought nor oversold. The STOCH value of 24.04 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	$16.45M	-5.02	―	―	―	―
CXAI	48 Neutral	$8.86M	―	-80.59%	―	-27.47%	83.06%
SMSI	44 Neutral	$13.88M	-0.35	-101.21%	―	-24.08%	70.11%

CXApp Corporate Events

CXApp Raises Capital Through Private Equity Share Issuance

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 on January 26, 27 and 28, 2026 in a private transaction relying on an exemption from public offering registration, providing CXApp with additional capital while diluting existing shareholders and furthering its financing relationship with Avondale.

The most recent analyst rating on (CXAI) stock is a Sell with a $0.28 price target. To see the full list of analyst forecasts on CXApp stock, see the CXAI Stock Forecast page.

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.