CXApp Inc. CXAI
CXApp Inc. ("CXApp" or the "Company") is a leading provider of AI-powered employee experience solutions, delivering enterprise-grade software that enhances workplace engagement, productivity, and operational efficiency. Our cloud-based, mobile-first platform integrates artificial intelligence, automation, and real-time analytics to streamline workplace interactions across people, spaces, and technology. By leveraging advanced mapping, location intelligence, and digital workplace tools, CXApp enables organizations to optimize hybrid work environments and foster meaningful employee experiences.
As businesses continue adapting to the evolving nature of work, CXApp is positioned as a strategic enabler of digital transformation, helping enterprises navigate the complexities of workspace utilization, employee engagement, and intelligent automation. Our commitment to innovation and customer success has allowed us to establish a strong presence in key industries, including technology, financial services, healthcare, and corporate real estate.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.6M | $7.1M | — | — | — | — |
| Cost of revenue | $578.0K | $1.3M | — | — | — | — |
| Gross profit | $4.0M | $5.9M | $5.6M | — | — | — |
| R&D | $6.6M | $6.4M | — | — | — | — |
| SG&A | $8.0M | $7.2M | — | — | — | — |
| Total operating expenses | $21.6M | $19.6M | — | — | — | — |
| Operating income | -$17.6M | -$13.7M | — | -$3.0M | -$1.5M | — |
| Interest expense | $2.0K | $1.1M | — | $421.5K | $68.3K | — |
| Pre-tax income | -$13.5M | -$20.0M | — | $8.4M | $9.2M | — |
| Income tax | $46.0K | $635.0K | — | $49.2K | — | — |
| Net income | -$13.47B | -$19.41B | — | $8.3M | $9.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $11.1M | $4.9M | $6.3M | $224.5K | $406.1K | $1.0M |
| Receivables | $789.0K | $1.7M | — | — | — | — |
| Total current assets | $12.8M | $7.1M | $9.0M | $8.8M | $532.8K | $1.5M |
| Property, plant and equipment | $39.0K | $64.0K | — | — | — | — |
| Goodwill | $6.6M | $8.7M | — | — | — | — |
| Other intangibles | $12.7M | $15.4M | $18.1M | — | — | — |
| Total assets | $32.4M | $31.8M | $36.6M | $33.4M | $279.4M | $280.2M |
| Accounts payable | $766.0K | $509.0K | — | — | — | — |
| Total current liabilities | $5.8M | $11.6M | $10.3M | $8.6M | $767.3K | $212.3K |
| Total liabilities | $18.4M | $16.2M | $11.2M | $9.8M | $21.7M | $31.8M |
| Retained earnings | -$90.7M | -$77.2M | — | -$3.7M | -$21.1M | -$30.3M |
| Total equity | $14.0M | $15.6M | $25.4M | $23.6M | -$21.1M | -$30.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$10.4M | -$7.3M | — | -$761.1K | -$595.3K | — |
| Depreciation and amortisation | $45.0K | $79.0K | — | — | — | — |
| Capital expenditure | $23.0K | $30.0K | — | — | — | — |
| Investing cash flow | -$23.0K | -$30.0K | — | $275.3M | — | — |
| Financing cash flow | $16.6M | $6.0M | — | -$274.8M | -$17.6K | — |
| Buybacks | — | — | — | $275.1M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001829126-26-004743.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.71T | 27.8x | 17.8% |
| ORCL | ORACLE CORP | $457.36B | 27.2x | 17.3% |
| PLTR | Palantir Technologies Inc. | $418.36B | 276.7x | 56.2% |
| CRWD | CrowdStrike Holdings, Inc. | $218.20B | — | 21.7% |
| CRM | Salesforce, Inc. | $213.35B | 33.2x | 9.6% |
| SHOP | SHOPIFY INC. | $187.92B | 154.4x | 30.1% |
| NOW | ServiceNow, Inc. | $146.06B | 84.6x | 20.9% |
| SNOW | Snowflake Inc. | $118.96B | — | 29.2% |