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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $13.8M, roughly 1.3× FENNEC PHARMACEUTICALS INC.). Crexendo, Inc. runs the higher net margin — 6.7% vs -34.7%, a 41.5% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 11.2%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -26.3%).

Crexendo, Inc. is a U.S.-headquartered cloud communications technology provider. It delivers unified communications as a service (UCaaS), contact center solutions, business VoIP services, and collaborative work tools, primarily catering to small and medium-sized enterprises operating in the North American market.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

CXDO vs FENC — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.3× larger
CXDO
$18.1M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+62.6% gap
FENC
73.8%
11.2%
CXDO
Higher net margin
CXDO
CXDO
41.5% more per $
CXDO
6.7%
-34.7%
FENC
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXDO
CXDO
FENC
FENC
Revenue
$18.1M
$13.8M
Net Profit
$1.2M
$-4.8M
Gross Margin
Operating Margin
6.3%
-18.5%
Net Margin
6.7%
-34.7%
Revenue YoY
11.2%
73.8%
Net Profit YoY
140.2%
-141.1%
EPS (diluted)
$0.03
$-0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CXDO
CXDO
FENC
FENC
Q4 25
$18.1M
$13.8M
Q3 25
$17.5M
$12.5M
Q2 25
$16.6M
$9.7M
Q1 25
$16.1M
$8.8M
Q4 24
$16.2M
$7.9M
Q3 24
$15.6M
$7.0M
Q2 24
$14.7M
$7.3M
Q1 24
$14.3M
$25.4M
Net Profit
CXDO
CXDO
FENC
FENC
Q4 25
$1.2M
$-4.8M
Q3 25
$1.4M
$-638.0K
Q2 25
$1.2M
$-3.2M
Q1 25
$1.2M
$-1.2M
Q4 24
$507.0K
$-2.0M
Q3 24
$148.0K
$-5.7M
Q2 24
$588.0K
$-5.6M
Q1 24
$434.0K
$12.8M
Operating Margin
CXDO
CXDO
FENC
FENC
Q4 25
6.3%
-18.5%
Q3 25
7.5%
-1.5%
Q2 25
6.7%
-28.3%
Q1 25
7.2%
-9.2%
Q4 24
3.9%
-11.8%
Q3 24
0.9%
-74.6%
Q2 24
3.9%
-69.4%
Q1 24
3.4%
54.2%
Net Margin
CXDO
CXDO
FENC
FENC
Q4 25
6.7%
-34.7%
Q3 25
8.3%
-5.1%
Q2 25
7.4%
-32.7%
Q1 25
7.3%
-13.3%
Q4 24
3.1%
-25.0%
Q3 24
0.9%
-82.2%
Q2 24
4.0%
-76.5%
Q1 24
3.0%
50.6%
EPS (diluted)
CXDO
CXDO
FENC
FENC
Q4 25
$0.03
$-0.17
Q3 25
$0.05
$-0.02
Q2 25
$0.04
$-0.11
Q1 25
$0.04
$-0.04
Q4 24
$0.03
$-0.02
Q3 24
$0.00
$-0.21
Q2 24
$0.02
$-0.20
Q1 24
$0.01
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CXDO
CXDO
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$36.8M
Total DebtLower is stronger
$114.0K
Stockholders' EquityBook value
$63.8M
$35.5M
Total Assets
$77.7M
$70.6M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
FENC
FENC
Q4 25
$36.8M
Q3 25
$21.9M
Q2 25
$18.7M
Q1 25
$22.7M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
CXDO
CXDO
FENC
FENC
Q4 25
$114.0K
Q3 25
$236.0K
$19.4M
Q2 25
$356.0K
$19.4M
Q1 25
$475.0K
$19.4M
Q4 24
$592.0K
$19.3M
Q3 24
$709.0K
$32.1M
Q2 24
$823.0K
$31.8M
Q1 24
$937.0K
$31.3M
Stockholders' Equity
CXDO
CXDO
FENC
FENC
Q4 25
$63.8M
$35.5M
Q3 25
$61.3M
$-4.5M
Q2 25
$58.3M
$-7.5M
Q1 25
$55.2M
$-5.9M
Q4 24
$51.4M
$-5.9M
Q3 24
$49.5M
$-5.2M
Q2 24
$48.2M
$-1.4M
Q1 24
$46.8M
$3.0M
Total Assets
CXDO
CXDO
FENC
FENC
Q4 25
$77.7M
$70.6M
Q3 25
$76.0M
$49.3M
Q2 25
$71.4M
$44.9M
Q1 25
$67.4M
$46.4M
Q4 24
$64.9M
$44.9M
Q3 24
$62.3M
$58.9M
Q2 24
$59.6M
$63.2M
Q1 24
$57.5M
$69.2M
Debt / Equity
CXDO
CXDO
FENC
FENC
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.02×
Q1 24
0.02×
10.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CXDO
CXDO
FENC
FENC
Operating Cash FlowLast quarter
$2.3M
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXDO
CXDO
FENC
FENC
Q4 25
$2.3M
$-6.0M
Q3 25
$4.4M
$1.5M
Q2 25
$1.3M
$-3.7M
Q1 25
$1.2M
$-4.3M
Q4 24
$2.2M
$-1.5M
Q3 24
$1.6M
$-2.2M
Q2 24
$2.7M
$-8.4M
Q1 24
$-166.0K
$39.0M
Free Cash Flow
CXDO
CXDO
FENC
FENC
Q4 25
Q3 25
Q2 25
$1.3M
Q1 25
Q4 24
$2.1M
Q3 24
Q2 24
Q1 24
FCF Margin
CXDO
CXDO
FENC
FENC
Q4 25
Q3 25
Q2 25
7.7%
Q1 25
Q4 24
13.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
CXDO
CXDO
FENC
FENC
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
CXDO
CXDO
FENC
FENC
Q4 25
1.93×
Q3 25
3.05×
Q2 25
1.05×
Q1 25
1.06×
Q4 24
4.29×
Q3 24
10.95×
Q2 24
4.51×
Q1 24
-0.38×
3.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CXDO
CXDO

Services$8.6M48%
Software Solution Segment$8.3M46%
Products$1.1M6%

FENC
FENC

Segment breakdown not available.

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