Crexendo Q3 Revenue Rises 44% to $25.2 Million; Net Income at $1.1 Million

What happened

Crexendo reported third-quarter 2026 revenue of $25.2 million, up 44% from a year earlier, and GAAP net income of $1.1 million. Adjusted EBITDA, a measure of operating performance, rose to $4.0 million from $2.9 million, while year-to-date platform licensees reached 16.

Confirmed

Global impact / market context

Revenue growth was led by service revenue, up 75%, and product revenue, up 78%, while software solutions revenue rose 2%. Net income fell from $1.5 million to $1.1 million, so the faster sales growth did not translate into higher reported profit.

Analyst inference

The results show differing growth across Crexendo’s revenue streams and a decline in reported net income despite higher revenue. Licensee sign-ups also increased to 16 year to date, above the 14 recorded for all of 2025, potentially supporting future platform-related sales.

Analyst inference

What to watch

1. Watch whether service revenue growth continues, since it was the fastest-growing reported category and could influence the company’s future sales mix and total revenue. Analyst inference
2. Track whether net income recovers from $1.1 million as revenue grows; the reported comparison was lower than the $1.5 million earned a year earlier. Analyst inference
3. Look for updates on platform licensees and acquisition opportunities, which management said it was evaluating alongside organic growth, meaning expansion from existing operations. Confirmed

Evidence

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