Crexendo Nears $100M Run Rate as Growth Driven by Wholesale, AI, and Acquisition
Crexendo is approaching a $100 million annualized revenue run rate after reporting quarterly revenue of $24.6 million in Q2 2026. The company's growth has been fueled by its wholesale business expansion, the ESI acquisition, and new AI offerings like CAIRO, an AI receptionist product that began generating revenue this quarter. The retail segment accounts for about 70% of Crexendo’s revenue, while wholesale contributes roughly 30%. The company's NetSapiens platform now supports over 8 million users and is licensed to more than 250 telecom providers. In the first half of the year, it added 11 new wholesale customers—four from Metaswitch and one from Cisco—and reported $6.9 million in ESI-related revenue for Q2. Crexendo's management aims to reach a $150 million run rate by end-2028 through organic growth, acquisitions, and margin improvements. The company’s wholesale strategy includes an innovative 'sessions, not seats' pricing model that offers cost savings of 35%–50%, contributing to larger expansion orders from new licensees.
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Topics: AI integration Crexendo ESI acquisition NetSapiens platform wholesale growth