Crexendo Reports Q3 2026 Results with 44% Revenue Growth and $100 Million Annual Run Rate
Crexendo (CXDO) reported strong third-quarter fiscal 2026 financial results, highlighted by a 44% year-over-year increase in total revenue to $25.2 million. This growth allowed the company to reach a significant milestone of a $100 million annual revenue run rate. The performance was heavily bolstered by service revenue, which surged 75% due to the ESI acquisition and increased demand for underlying services. Despite economic caution leading to smaller upgrade orders from some providers, Crexendo demonstrated robust momentum in its sales pipeline. Remaining Performance Obligations (RPO) grew 59% year-over-year to $139.6 million, signaling strong future revenue visibility. Additionally, the company saw a significant increase in average deal size for new licenses, which rose to over $400,000 during the quarter.
Topics: EBITDA Net Income Revenue Growth Service Revenue Software Solutions