One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
CXApp Inc.
CXAI · NCM · Technology · Software - Application
Current price
$2.46
52-week range
$2.39 - $52.00
Market cap
$5.75M
Balance sheet
Healthy
-22.01x Concerning
Net cash $1.19M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 4.3% last year.
- Risk Return on equity was -131.9% last year — the company lost money on shareholders' equity.
What this company does
CXApp Inc.
CXApp Inc. sells software that helps large companies manage their offices and how employees use them, similar to an operating system for a corporate campus. The company makes money by providing an AI-powered platform that helps businesses automate tasks, analyze how their space is used, and improve the employee experience. This is important because many companies are trying to make their expensive office real estate more efficient and productive as they adapt to hybrid work models.
How the company got here
CXApp Inc. started its public life under a different name, KINS Technology Group Inc. KINS was a special purpose acquisition company (SPAC), which is a company created specifically to raise money and find a private company to merge with, thereby taking it public. In March 2023, KINS found its target and merged with CXApp Holding Corp., a software business that was part of another company called Inpixon. After the merger, the new combined company was named CXApp Inc., and the leadership team from the SPAC took over management.
What it actually does
CXApp provides a software platform that acts like a central hub for employees in a hybrid work environment, where people split their time between the office and home. It's often called a 'Workplace SuperApp' because it combines many different office-related tools into a single application for your phone or computer. Using the app, an employee can do things like reserve a desk for the day, book a meeting room, find where a coworker is sitting, or get company announcements. The goal is to make the office experience smoother and help companies manage their physical space more efficiently.
Workplace Experience Platform (Software-as-a-Service)
The company makes virtually all of its money by selling subscriptions to its software platform, a model known as Software-as-a-Service (SaaS). Instead of buying the software once, customers, which are typically large companies, pay a recurring fee to access and use the platform. This single business line provides a comprehensive suite of tools, including the employee-facing app and an analytics (the process of discovering patterns in data) dashboard for the employer to see how the office is being used. This subscription model provides the company with a steady, predictable stream of revenue (money the company receives from its business activities).
What management is betting on now
Management's main bet is on artificial intelligence (AI), specifically what they call 'agentic AI,' which aims to create a workplace that can predict and automate employee needs. They are focused on a 'land-and-expand' strategy, which means securing initial contracts with large corporate clients and then growing the business by selling more services to more employees and locations within that client's organization. The company is also forming strategic partnerships, like one with Google Cloud, to use powerful AI infrastructure to enhance its platform's capabilities. The overall goal is to transition CXApp into a high-growth, AI-first company that is essential for managing the modern hybrid office.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-2.07M
FY2024 Q4
$-2.70M
FY2025 Q1
$-984.00K
FY2025 Q2
$-3.02M
FY2025 Q3
$-2.76M
FY2025 Q4
$-3.63M
FY2026 Q2
$-2.30M
Revenue
$1.69M
Net income
$-8.62M
Diluted EPS
—
Operating cash flow
$-2.25M
Free cash flow
$-2.30M
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Sources
Revenue
$950.00K
Net income
$-4.00M
Diluted EPS
—
Operating cash flow
$-2.21M
Free cash flow
—
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Sources
Revenue
$1.02M
Net income
$-5.56M
Diluted EPS
—
Operating cash flow
$-3.63M
Free cash flow
$-3.63M
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Sources
Revenue
$1.11M
Net income
$-3.16M
Diluted EPS
—
Operating cash flow
$-2.76M
Free cash flow
$-2.76M
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Sources
Revenue
$1.22M
Net income
$-3.14M
Diluted EPS
—
Operating cash flow
$-3.01M
Free cash flow
$-3.02M
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Sources
Revenue
$1.22M
Net income
$-1.62M
Diluted EPS
—
Operating cash flow
$-979.00K
Free cash flow
$-984.00K
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Sources
Revenue
$1.66M
Net income
$-3.55M
Diluted EPS
—
Operating cash flow
$-2.70M
Free cash flow
$-2.70M
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Sources
Revenue
$1.90M
Net income
$-5.43M
Diluted EPS
—
Operating cash flow
$-2.07M
Free cash flow
$-2.07M
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Sources
Is it cheap or expensive?
Fair value — vs current price $2.46
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $1.2M - more cash than debt. Interest coverage -22.0x.
Net debt
$-1.19M
Interest coverage
-22.01x
CXApp Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
CXAI
BASELINE
CXApp Inc.
Total debt $10.49M Interest coverage -22.01x This is the baseline the peer rows are being compared against.
Total debt $453.00K Interest coverage -641.22x Neither company has much profit cushion over interest right now.
Total debt $3.81M Interest coverage -6.97x Neither company has much profit cushion over interest right now.
Total debt $6.74M Interest coverage 0.06x This peer still has a real interest-payment cushion, while CXAI does not.
What you should know
The case for and against CXAI
1 Reward
1 Risk
Rewards
-
Revenue grew 4.3% last year.
Risks
-
Return on equity was -131.9% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-4.17x
P/B
0.30x
P/S
1.20x
EV/EBITDA
-0.37x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
78.2%
Operating margin
-243.2%
Net margin
0.0%
ROE
-131.9%
ROA
-29.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.58x
Current ratio
1.64x
Quick ratio
1.56x
Total debt
$10.49M
Total cash
$11.68M
Growth
How the business has been compounding
Revenue TTM
$4.78M
Revenue 5Y CAGR
-21.1%
EPS TTM
-27.00
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-10.85M
Free CF TTM
$-10.40M
FCF margin
-217.7%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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