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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $18.1M, roughly 1.4× Crexendo, Inc.). Crexendo, Inc. runs the higher net margin — 6.7% vs -28.1%, a 34.9% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -8.2%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -8.7%).

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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

CXDO vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.4× larger
FSP
$26.0M
$18.1M
CXDO
Growing faster (revenue YoY)
CXDO
CXDO
+19.4% gap
CXDO
11.2%
-8.2%
FSP
Higher net margin
CXDO
CXDO
34.9% more per $
CXDO
6.7%
-28.1%
FSP
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXDO
CXDO
FSP
FSP
Revenue
$18.1M
$26.0M
Net Profit
$1.2M
$-7.3M
Gross Margin
59.4%
Operating Margin
6.3%
-27.9%
Net Margin
6.7%
-28.1%
Revenue YoY
11.2%
-8.2%
Net Profit YoY
140.2%
14.1%
EPS (diluted)
$0.03
$-0.06

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
FSP
FSP
Q4 25
$18.1M
$26.0M
Q3 25
$17.5M
$27.3M
Q2 25
$16.6M
$26.7M
Q1 25
$16.1M
$27.1M
Q4 24
$16.2M
$28.4M
Q3 24
$15.6M
$29.7M
Q2 24
$14.7M
$30.8M
Q1 24
$14.3M
$31.2M
Net Profit
CXDO
CXDO
FSP
FSP
Q4 25
$1.2M
$-7.3M
Q3 25
$1.4M
$-8.3M
Q2 25
$1.2M
$-7.9M
Q1 25
$1.2M
$-21.4M
Q4 24
$507.0K
$-8.5M
Q3 24
$148.0K
$-15.6M
Q2 24
$588.0K
$-21.0M
Q1 24
$434.0K
$-7.6M
Gross Margin
CXDO
CXDO
FSP
FSP
Q4 25
59.4%
Q3 25
60.9%
Q2 25
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
CXDO
CXDO
FSP
FSP
Q4 25
6.3%
-27.9%
Q3 25
7.5%
-30.5%
Q2 25
6.7%
-29.2%
Q1 25
7.2%
-78.9%
Q4 24
3.9%
-29.9%
Q3 24
0.9%
-52.4%
Q2 24
3.9%
-68.0%
Q1 24
3.4%
-24.0%
Net Margin
CXDO
CXDO
FSP
FSP
Q4 25
6.7%
-28.1%
Q3 25
8.3%
-30.5%
Q2 25
7.4%
-29.5%
Q1 25
7.3%
-79.1%
Q4 24
3.1%
-30.0%
Q3 24
0.9%
-52.6%
Q2 24
4.0%
-68.2%
Q1 24
3.0%
-24.2%
EPS (diluted)
CXDO
CXDO
FSP
FSP
Q4 25
$0.03
$-0.06
Q3 25
$0.05
$-0.08
Q2 25
$0.04
$-0.08
Q1 25
$0.04
$-0.21
Q4 24
$0.03
$-0.09
Q3 24
$0.00
$-0.15
Q2 24
$0.02
$-0.20
Q1 24
$0.01
$-0.07

Balance Sheet & Financial Strength

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

Metric
CXDO
CXDO
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$30.6M
Total DebtLower is stronger
$114.0K
Stockholders' EquityBook value
$63.8M
$607.0M
Total Assets
$77.7M
$892.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
FSP
FSP
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$29.4M
Q1 25
$30.2M
Q4 24
$41.1M
Q3 24
$40.9M
Q2 24
$30.2M
Q1 24
$34.2M
Total Debt
CXDO
CXDO
FSP
FSP
Q4 25
$114.0K
Q3 25
$236.0K
Q2 25
$356.0K
Q1 25
$475.0K
Q4 24
$592.0K
Q3 24
$709.0K
Q2 24
$823.0K
Q1 24
$937.0K
Stockholders' Equity
CXDO
CXDO
FSP
FSP
Q4 25
$63.8M
$607.0M
Q3 25
$61.3M
$615.3M
Q2 25
$58.3M
$624.7M
Q1 25
$55.2M
$633.4M
Q4 24
$51.4M
$655.9M
Q3 24
$49.5M
$665.4M
Q2 24
$48.2M
$682.1M
Q1 24
$46.8M
$703.9M
Total Assets
CXDO
CXDO
FSP
FSP
Q4 25
$77.7M
$892.9M
Q3 25
$76.0M
$901.0M
Q2 25
$71.4M
$903.2M
Q1 25
$67.4M
$916.4M
Q4 24
$64.9M
$946.9M
Q3 24
$62.3M
$981.5M
Q2 24
$59.6M
$1.0B
Q1 24
$57.5M
$1.0B
Debt / Equity
CXDO
CXDO
FSP
FSP
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×

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
FSP
FSP
Operating Cash FlowLast quarter
$2.3M
$3.8M
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.0%
63.0%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXDO
CXDO
FSP
FSP
Q4 25
$2.3M
$3.8M
Q3 25
$4.4M
$8.3M
Q2 25
$1.3M
$-2.9M
Q1 25
$1.2M
$-5.5M
Q4 24
$2.2M
$9.0M
Q3 24
$1.6M
$14.5M
Q2 24
$2.7M
$-648.0K
Q1 24
$-166.0K
$-7.1M
Free Cash Flow
CXDO
CXDO
FSP
FSP
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$1.3M
$-5.7M
Q1 25
$-9.9M
Q4 24
$2.1M
$-16.2M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
CXDO
CXDO
FSP
FSP
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
7.7%
-21.5%
Q1 25
-36.7%
Q4 24
13.2%
-57.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
CXDO
CXDO
FSP
FSP
Q4 25
0.0%
63.0%
Q3 25
0.0%
19.4%
Q2 25
0.1%
10.7%
Q1 25
0.0%
16.4%
Q4 24
0.2%
88.9%
Q3 24
0.0%
19.6%
Q2 24
0.0%
14.6%
Q1 24
0.0%
28.1%
Cash Conversion
CXDO
CXDO
FSP
FSP
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×

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%

FSP
FSP

Segment breakdown not available.

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