Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data CXApp Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2025
FY2025
Revenue
7.14
4.58
Cost of revenue
1.29
0.58
Gross profit
5.62
5.86
4.01
Research and development
6.38
6.64
Selling and marketing
3.25
2.09
General and administrative
7.24
7.97
Operating expenses
19.6
21.6
Operating income
-1.5
-2.95
-13.7
-17.6
Interest expense
1.07
0
Interest income
0
0
Other non-operating income
10.7
11.3
-6.3
4.06
Pre-tax income
9.21
8.4
-20
-13.5
Income tax
0.05
-0.64
-0.05
Income from continuing operations
-13.7
-17.6
Net income
9.21
8.35
-53.6
-19.4
-13.5
EBITDA
-13.7
-17.5
Balance sheet
FY2021
FY2022
FY2023
FY2025
FY2025
Cash and equivalents
0.41
0.22
6.28
4.88
11.1
Receivables
1.69
0.79
Other current assets
0.13
0
0.43
0.77
Total current assets
0.53
8.8
9.03
7.08
12.8
Property, plant and equipment
0.06
0.04
Lease right-of-use assets
0.47
0.22
Goodwill
8.74
6.59
Intangible assets
18.1
15.4
12.7
Other non-current assets
0.05
0.07
Total assets
279
33.4
36.6
31.8
32.4
Accounts payable
0.51
0.77
Accrued liabilities
2.38
2.28
Deferred revenue
2.68
1.47
Total current liabilities
0.77
8.65
10.3
11.6
5.76
Lease liabilities
0.12
0.03
Total liabilities
21.7
9.84
11.2
16.2
18.4
Paid-in capital
0
0
92.6
105
Retained earnings
-21.1
-3.72
-77.2
-90.7
Other comprehensive income
0.22
-0.03
Shareholders' equity
-21.1
23.6
25.4
15.6
14
Total equity
-21.1
23.6
25.4
15.6
14
Total liabilities and equity
279
33.4
36.6
31.8
32.4
Cash flow statement
FY2021
FY2022
FY2023
FY2025
FY2025
Net income
9.21
8.35
-53.6
-19.4
-13.5
Depreciation and amortization
0.08
0.05
Deferred income tax
-0.64
-0.05
Change in payables
-0.45
0.26
Cash from operations
-0.6
-0.76
-7.33
-10.4
Capital expenditures
-0.03
-0.02
Cash from investing
275
-0.03
-0.02
Debt issued
6.48
16
Share buybacks
-275
Cash from financing
-0.02
-275
5.98
16.6
Exchange rate effect
-0.02
-0.01
Net change in cash
-0.61
-0.18
-1.4
6.22
Free cash flow
-7.36
-10.4
Interest paid
0.06
Income taxes paid
0.03
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.42 on November 11, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
78.2%
Gross profit / revenue.
Operating margin
-375.8%
Operating income / revenue.
EBITDA margin
-375.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-461.0%
Pre-tax income / revenue.
Net margin
-446.5%
Net income / revenue.
Operating cash flow margin
-226.9%
Cash from operations / revenue.
Return on equity (ROE)
-118.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-58.4%
Net income / average total assets.
Return on invested capital (ROIC)
-222.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
128.8%
Research and development expense / revenue.
D&A / revenue
0.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-35.8%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
-31.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-10.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-16.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
2.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-1.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.64x
Current assets / current liabilities.
Quick ratio
1.51x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.42x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/S
34.7x
Market cap / revenue.
P/B
9.19x
Market cap / shareholders' equity. Only when equity is positive.
EV/Sales
32.3x
Enterprise value / revenue.
Earnings yield
-12.9%
Net income / market cap (the inverse of P/E).
What was CXApp Inc.'s revenue in fiscal 2025?
CXApp Inc. reported revenue of $4.6M for fiscal 2025, 35.8% lower than the year before.
Was CXApp Inc. profitable in fiscal 2025?
No. It reported a net loss of $13.5M.
How much free cash flow did CXApp Inc. generate in fiscal 2025?
Cash from operations of $10.4M minus capital expenditures of $23.0K left free cash flow of -$10.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.