The company maintains a disciplined capital structure with a negligible debt-to-equity ratio of 0.01 as of 2026Q1, providing significant resilience against interest rate volatility.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 |
|---|
| Total Current Assets | 23.03M | 41.9M | 26.88M | 16.95M | 12.35M | 11.56M | 19.78M | 5.73M | 3.33M | 2.54M | 2.05M | 3.3M | 4.86M | 5.64M | 12.89M | 21.55M | 32.05M | 41.43M | 64.07M | 75.9M | 46.83M | 35.34M | 32.52M | 8.51M | 4.42M | 2.8M | 5.05M | 1.4M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 7.25M | 31.38M | 18.19M | 10.35M | 5.47M | 7.47M | 17.58M | 4.18M | 1.85M | 1.28M | 619K | 1.5M | 2.91M | 3.08M | 7.44M | 8.66M | 14.21M | 21.55M | 26.18M | 36.86M | 30.02M | 10.69M | 7.22M | 2.32M | 519.75K | 149.16K | 39.71K | 600K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 1.17M | 454K | 393K | 382K | 679K | 231K | 504K | 382K | 270K | 131K | 170K | 134K | 72K | 217K | 171K | 232K | 1.07M | 243K | 627K | 427K | 151K | 74K | 162.78K | 34.19K | 23.42K | 44.73K | 83.08K | 0 |
| Days Inventory Outstanding | 12.67 | 6.56 | 6.21 | 6.47 | 18.11 | 7.91 | 37.19 | 32.05 | 25.81 | 13.83 | 17.12 | 13.67 | 7.34 | 19.36 | 12.26 | 4.78 | 17.89 | 3.04 | 6 | 3.32 | 1.78 | 0.92 | 3.17 | 1.14 | 1.31 | 1.94 | 3.5 | - |
| Other Current Assets | 7.57M | 3.5M | 1.94M | 1.38M | 1.51M | 722K | 521K | 479K | 472K | 489K | 108K | 127K | 134K | 931K | 1.44M | 1.97M | 2.04M | 2.1M | 3.97M | 3.89M | 6.35M | 0 | 6.51M | -10.17M | 770K | 1.02M | 548.94K | 700K |
| Total Non-Current Assets | 68.25M | 35.79M | 38.06M | 39.21M | 43.28M | 65.59M | 10.92M | 2.05M | 1.22M | 902K | 1.48M | 2.36M | 2.66M | 3.97M | 4.63M | 11.51M | 19.6M | 15.02M | 22.55M | 20.81M | 19.18M | 3.59M | 17.11M | 3.01M | 2.96M | 3.26M | 4.22M | 2.1M |
| Property, Plant & Equipment | 1.3M | 1.2M | 1.89M | 1.68M | 4.4M | 3.52M | 2.73M | 206K | 124K | 8K | 18K | 33K | 68K | 2.19M | 3.17M | 4.05M | 3.14M | 1.45M | 1.67M | 1.79M | 696K | 508K | 499.32K | 200.17K | 409.46K | 774.86K | 1.84M | 500K |
| Fixed Asset Turnover | 54.18x | 56.76x | 32.27x | 31.68x | 8.54x | 7.98x | 5.99x | 70.08x | 96.03x | 1297.13x | 506.61x | 237.06x | 111.68x | 4.71x | 5.41x | 11.84x | 20.96x | 65.29x | 76.58x | 84.89x | 265.93x | 76.92x | 162.27x | 265.89x | 91.22x | 55.49x | 14.90x | 0.20x |
| Goodwill | 14.21M | 9.45M | 9.45M | 9.45M | 9.45M | 36.97M | 272K | 272K | 272K | 272K | 272K | 272K | 272K | 75K | 265K | 265K | 265K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 40.14M | 17.86M | 20.53M | 23.56M | 26.73M | 22.16M | 252K | 465K | 167K | 239K | 335K | 466K | 676K | 571K | 6K | 79K | 987K | 1.21M | 1.83M | 1.14M | 1.28M | 0 | 455.18K | 455.18K | 455.18K | 588.54K | 872.5K | 1.6M |
| Long-Term Investments | 10.31M | 3.63M | 2.8M | 1.77M | 1.25M | 942K | 906K | 0 | 194K | 89K | 252K | 251K | 251K | 250K | 500K | 733K | 0 | 802K | 348K | 0 | -1.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 91.28M | 77.69M | 64.94M | 56.16M | 55.63M | 77.15M | 30.7M | 7.78M | 4.55M | 3.45M | 3.53M | 5.66M | 7.51M | 9.61M | 17.53M | 33.06M | 51.64M | 56.44M | 86.61M | 96.71M | 66.01M | 38.93M | 49.63M | 11.52M | 7.38M | 6.05M | 9.27M | 3.5M |
| Asset Turnover | 0.92x | 0.88x | 0.94x | 0.95x | 0.68x | 0.36x | 0.53x | 1.85x | 2.62x | 3.01x | 2.58x | 1.38x | 1.01x | 1.08x | 0.98x | 1.45x | 1.27x | 1.67x | 1.48x | 1.57x | 2.80x | 1.00x | 1.63x | 4.62x | 5.06x | 7.10x | 2.96x | 0.03x |
| Asset Growth % | 96.64% | 19.63% | 15.63% | 0.95% | -27.89% | 151.27% | 294.51% | 71.09% | 32.01% | -2.46% | -37.58% | -24.67% | -21.79% | -45.19% | -46.98% | -35.98% | -8.5% | -34.84% | -10.44% | 46.5% | 69.58% | -21.57% | 330.8% | 56.19% | 21.83% | -34.69% | 164.88% | - |
| Total Current Liabilities | 16.79M | 12.33M | 12.09M | 10.26M | 10.39M | 10.57M | 2.56M | 2.89M | 2.01M | 2.07M | 1.99M | 2.3M | 2.7M | 2.79M | 6.58M | 13.17M | 20.66M | 23.82M | 43.51M | 40.15M | 27.34M | 41.55M | 13.11M | 2.98M | 4.13M | 14.15M | 26.74M | 2.9M |
| Accounts Payable | 2.64M | 649K | 2.58M | 2.07M | 2.19M | 1.08M | 561K | 652K | 155K | 79K | 116K | 76K | 47K | 201K | 418K | 1.15M | 3.33M | 3.15M | 2.27M | 4.76M | 3.17M | 2.75M | 1.69M | 2.84M | 1.53M | 1.33M | 4.84M | 2.84M |
| Days Payables Outstanding | 28.29 | 9.38 | 40.81 | 34.97 | 58.49 | 37.15 | 41.39 | 54.7 | 14.81 | 8.34 | 11.68 | 7.76 | 4.79 | 17.93 | 29.96 | 23.74 | 55.79 | 39.51 | 21.67 | 36.97 | 37.41 | 34.31 | 32.98 | 95.15 | 85.46 | 57.49 | 203.87 | -2.59K |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 13.64M | 4.75M | 0 | 0 | 0 | 50K | 0 | 175K | 830K | 614K | 0 | 1.09M | 941K | 673K | 2.32M | 487K | 2.71M | 0 | 0 | -3.36M | 1.92M | 348K | 1.99M | -28.49M | 671.41K | 11.75M | 18.3M | -1.64M |
| Current Ratio | 1.37x | 3.40x | 2.22x | 1.65x | 1.19x | 1.09x | 7.72x | 1.99x | 1.66x | 1.23x | 1.03x | 1.43x | 1.80x | 2.02x | 1.96x | 1.64x | 1.55x | 1.74x | 1.47x | 1.89x | 1.71x | 0.85x | 2.48x | 2.85x | 1.07x | 0.20x | 0.19x | 0.48x |
| Quick Ratio | 1.30x | 3.36x | 2.19x | 1.61x | 1.12x | 1.07x | 7.52x | 1.85x | 1.52x | 1.17x | 0.94x | 1.38x | 1.77x | 1.94x | 1.93x | 1.62x | 1.50x | 1.73x | 1.46x | 1.88x | 1.71x | 0.85x | 2.47x | 2.84x | 1.06x | 0.19x | 0.19x | 0.48x |
| Cash Conversion Cycle | -15.62 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.78M | 1.54M | 1.43M | 1.29M | 3.78M | 647K | 2.38M | 510K | 538K | 41K | 1.02M | 1.16M | 267K | 116K | 652K | 6.54M | 10.86M | 6.64M | 10.63M | 12.16M | 8.69M | 80.98M | 524.37K | 437.66K | 421.47K | 856.91K | 1.16M | 100K |
| Long-Term Debt | 400K | 0 | 114K | 592K | 2.69M | 0 | 1.87M | 0 | 0 | 10K | 966K | 965K | 0 | 0 | 0 | 0 | 0 | 0 | 47K | 115K | 0 | 0 | 400K | 400K | 436K | 393.56K | 47.38K | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 18.57M | 13.87M | 13.53M | 11.55M | 14.18M | 11.22M | 4.94M | 3.4M | 2.55M | 2.11M | 3.02M | 3.46M | 2.97M | 2.91M | 7.24M | 19.71M | 31.52M | 30.46M | 54.14M | 52.3M | 36.03M | 122.53M | 13.64M | 3.42M | 4.55M | 15.01M | 27.9M | 3M |
| Total Debt | 903K | 1.14M | 2.12M | 2.19M | 4.42M | 2.79M | 2.03M | 167K | 200K | 79K | 1.03M | 1.02M | 110K | 0 | 0 | 0 | 0 | 0 | 179K | 0 | 91K | 933K | 3.61M | 585.4K | 813.41K | 4.14M | 3.64M | 1.7M |
| Net Debt | -6.35M | -30.24M | -16.07M | -8.16M | -1.06M | -4.68M | -15.55M | -4.01M | -1.65M | -1.2M | 413K | -475K | -2.8M | -3.08M | -7.44M | -8.66M | -14.21M | -21.55M | -26M | -36.86M | -29.93M | -9.76M | -3.62M | -1.73M | 293.66K | 3.99M | 3.6M | 1.1M |
| Debt / Equity | 0.01x | 0.02x | 0.04x | 0.05x | 0.11x | 0.04x | 0.08x | 0.04x | 0.10x | 0.06x | 2.00x | 0.46x | 0.02x | - | - | - | - | - | 0.01x | - | 0.00x | - | 0.10x | 0.07x | 0.29x | - | - | 3.40x |
| Debt / EBITDA | 0.14x | 0.14x | 0.41x | 1.16x | - | - | 1.62x | 0.14x | - | - | - | - | - | - | - | - | - | - | - | - | 0.00x | - | 0.45x | 0.13x | 0.12x | 1.74x | - | - |
| Net Debt / EBITDA | -0.98x | -3.79x | -3.12x | -4.33x | - | - | -12.45x | -3.27x | - | - | - | - | - | - | - | - | - | -4.02x | - | -1.84x | -0.30x | - | -0.45x | -0.38x | 0.04x | 1.67x | - | - |
| Interest Coverage | - | 283.68x | 45.98x | -1.30x | -462.78x | -33.64x | 25.99x | 96.42x | -16.33x | -3.41x | -19.14x | -161.61x | -2099.67x | - | - | -588.00x | -403.50x | 282.14x | -616.00x | 2061.33x | 747.31x | 1090.84x | -752.39x | -598.56x | -8.26x | 1.13x | -0.01x | - |
| Total Equity | 72.71M | 63.82M | 51.41M | 44.61M | 41.46M | 65.93M | 25.76M | 4.39M | 2M | 1.34M | 515K | 2.2M | 4.54M | 6.7M | 10.29M | 13.35M | 20.12M | 25.98M | 32.48M | 44.41M | 29.98M | -83.6M | 36M | 8.1M | 2.82M | -8.95M | -18.63M | 500K |
| Equity Growth % | 100.8% | 24.13% | 15.24% | 7.61% | -37.12% | 155.91% | 487.28% | 119.35% | 49.37% | 160% | -76.63% | -51.5% | -32.19% | -34.89% | -22.89% | -33.66% | -22.56% | -19.99% | -26.87% | 48.13% | 135.86% | -332.24% | 344.25% | 186.96% | 131.54% | 51.95% | -3825.68% | - |
| Book Value per Share | 2.22 | 2.02 | 1.71 | 1.72 | 1.81 | 3.25 | 1.48 | 0.28 | 0.14 | 0.10 | 0.04 | 0.17 | 0.41 | 0.63 | 0.97 | 1.26 | 1.77 | 2.28 | 2.74 | 3.46 | 2.37 | -7.06 | 2.97 | 0.74 | 0.48 | -4.02 | -10.06 | 0.40 |
| Total Shareholders' Equity | 72.71M | 63.82M | 51.41M | 44.61M | 41.46M | 65.93M | 25.76M | 4.39M | 2M | 1.34M | 515K | 2.2M | 4.54M | 6.7M | 10.29M | 13.35M | 20.12M | 25.98M | 32.48M | 44.41M | 29.98M | -83.6M | 36M | 8.1M | 2.47M | -9.31M | -18.98M | 500K |
| Common Stock | 32K | 31K | 28K | 26K | 26K | 22K | 18K | 15K | 14K | 14K | 14K | 13K | 13K | 11K | 11K | 11K | 11K | 11K | 11K | 12K | 12K | 12K | 11.71K | 11.06K | 11K | 24.46K | 21.7K | 0 |
| Retained Earnings | -81.14M | -81.72M | -86.79M | -88.47M | -87.95M | -52.53M | -50.09M | -58.03M | -59.17M | -59.23M | -58.22M | -55.42M | -50.88M | -44.51M | -39.54M | -35.6M | -29.37M | -27.06M | -20.85M | -26.24M | -47.8M | -158.42M | -37.8M | -64.49M | -69.52M | -71.72M | -77.95M | -15.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 167K | 184K | 160K | 166K | 187K | 12K | 0 | 0 | -1.76M | -2.38M | -2.38M | -2.36M | -2.92M | -3.3M | -3.02M | -6.64M | -5.54M | 0 | 0 | -2.23M | -1.61M | -5K | -4.9K | -27.38K | -39.89K | 340.65K | -305.78K | -100K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 355.16K | 355.16K | 355.16K | 0 |
MSP partner consolidation risk
According to reported financial statements, Crexendo has grown its total assets from $56.2 million in 2023Q4 to $91.3 million by 2026Q1, reflecting a consistent upward trajectory that underscores the company's ability to scale its infrastructure while maintaining a clean balance sheet devoid of significant leverage.
The steady increase in total assets suggests that the company is successfully reinvesting its operational gains into platform capacity and market reach. This expansion appears to be driven by organic growth rather than debt-fueled acquisitions, which signals a high-quality trajectory for the business model.
Based on recent SEC filings, Crexendo maintains a strong liquidity position with cash reserves reaching $31.4 million in 2025Q4, providing a substantial buffer that significantly exceeds current liabilities and mitigates risks associated with the lumpy nature of hardware-related revenue cycles and potential MSP partner churn.
The current ratio, which peaked at 3.40 in 2025Q4, indicates that the company possesses ample short-term resources to meet its obligations without external financing. This liquidity profile provides management with significant strategic flexibility to pursue R&D or opportunistic investments without compromising the firm's financial stability.
As reported in financial disclosures, Crexendo operates with a negligible debt-to-equity ratio of 0.01 as of 2026Q1, demonstrating a disciplined capital structure that effectively insulates the company from interest rate volatility and refinancing risks that often plague more capital-intensive telecommunications peers in the current environment.
The near-absence of debt suggests that the company prioritizes financial independence, which is a critical advantage in the wholesale UCaaS market. Investors should monitor whether this conservative stance persists as the company scales, as it currently serves as a primary defense against sector-specific downturns.
Data from the balance sheet indicates that while total equity has grown to $72.7 million as of 2026Q1, this figure is weighed down by a persistent accumulated deficit of $81.1 million, which warrants further investigation into the historical capital structure and the long-term path toward retained earnings.
The negative retained earnings balance suggests that historical losses continue to influence the equity base, despite recent operational improvements. While the current growth in equity is encouraging, the underlying deficit highlights the importance of sustained profitability to eventually normalize the company's capital position.
Quick answers to the most common questions about buying CXDO stock.
As of 2025, Crexendo, Inc. (CXDO) had total assets of $77.7M including $41.9M in current assets.
Crexendo, Inc. (CXDO) carries total debt of $1.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Crexendo, Inc. (CXDO) has total shareholders' equity (book value) of $63.8M ($2.02 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Crexendo, Inc. (CXDO) reported a current ratio of 3.40x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.