Crexendo stock gained 1.70 percent on October 2 as Q2 growth holds

Published on 10/04/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Crexendo stock reached USD 6.03 on October 2 after a 1.70 percent gain. Q2 revenue rose 49 percent to USD 24.6 million, while analysts set a USD 10.50 average target.

CXDO, US2265521078, Illustration mit AI erstellt.

Crexendo, Inc. (ISIN US2265521078) was last at USD 6.03 on Nasdaq on October 2, 2026, up 1.70 percent from USD 5.93. The company is carrying second quarter revenue growth of 49 percent into the October market, while its latest AI partnership expands the services available to more than 250 platform licensees.

Revenue reaches USD 24.6 million

According to Yahoo Finance on August 4, 2026, Crexendo reported USD 24.6 million in Q2 2026 revenue, a 49 percent increase from the prior-year quarter. GAAP net income reached USD 1.1 million, or USD 0.03 per diluted share, while adjusted EBITDA was USD 4.1 million with a 17 percent margin.

The earnings call also showed a split in the growth profile. Service revenue rose 78 percent to USD 14.9 million, while software solutions revenue increased 5 percent to USD 7.3 million. Remaining performance obligations reached USD 139 million, up 97 percent from Q2 2025, giving the revenue story a longer contractual runway.

AI adds another revenue path

On September 21, 2026, Crexendo announced a partnership with Meetric, an AI conversation-intelligence platform. The service covers voice, video meetings, team chat, email and in-person conversations, and is offered through the company's ecosystem program for more than 250 licensees serving over 8 million end users.

The strategic importance lies in monetization per account rather than a single product launch. Crexendo said the Meetric offering can create recurring revenue from conversations already taking place across customer channels, extending the platform beyond its core communications functions.

Analysts see upside to USD 10.50

MarketBeat reported that four analysts hold a Moderate Buy consensus, with three Buy ratings and one Hold rating and an average price target of USD 10.50. The target lies 74.1 percent above the October 2 price of USD 6.03, although B. Riley lowered its target from USD 10.00 to USD 9.00 on August 5, 2026.

Crexendo stock remains below yearly high

Crexendo stock was last at USD 6.03 on Nasdaq on October 2, 2026. Its 52-week range was USD 5.54 to USD 11.23, and its market capitalization was USD 195.5 million, placing the shares 46.3 percent below the yearly high.