vs
Side-by-side financial comparison of Crexendo, Inc. (CXDO) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $18.1M, roughly 1.8× Crexendo, Inc.). Crexendo, Inc. runs the higher net margin — 6.7% vs -110.7%, a 117.5% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 11.2%). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 12.4%).
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.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
CXDO vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.1M | $32.9M |
| Net Profit | $1.2M | $-36.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | 6.3% | -17.2% |
| Net Margin | 6.7% | -110.7% |
| Revenue YoY | 11.2% | 148.9% |
| Net Profit YoY | 140.2% | -197.4% |
| EPS (diluted) | $0.03 | $-2.31 |
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.
| Q4 25 | $18.1M | $32.9M | ||
| Q3 25 | $17.5M | $26.0M | ||
| Q2 25 | $16.6M | $20.0M | ||
| Q1 25 | $16.1M | $20.8M | ||
| Q4 24 | $16.2M | $13.2M | ||
| Q3 24 | $15.6M | $10.1M | ||
| Q2 24 | $14.7M | $11.4M | ||
| Q1 24 | $14.3M | $12.6M |
| Q4 25 | $1.2M | $-36.4M | ||
| Q3 25 | $1.4M | $-23.9M | ||
| Q2 25 | $1.2M | $-15.4M | ||
| Q1 25 | $1.2M | $-3.8M | ||
| Q4 24 | $507.0K | $-12.2M | ||
| Q3 24 | $148.0K | $-15.4M | ||
| Q2 24 | $588.0K | $-12.2M | ||
| Q1 24 | $434.0K | $-8.8M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | — | -42.5% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | 6.3% | -17.2% | ||
| Q3 25 | 7.5% | -29.6% | ||
| Q2 25 | 6.7% | -57.5% | ||
| Q1 25 | 7.2% | -50.8% | ||
| Q4 24 | 3.9% | -101.7% | ||
| Q3 24 | 0.9% | -147.8% | ||
| Q2 24 | 3.9% | -104.3% | ||
| Q1 24 | 3.4% | -99.3% |
| Q4 25 | 6.7% | -110.7% | ||
| Q3 25 | 8.3% | -92.0% | ||
| Q2 25 | 7.4% | -77.2% | ||
| Q1 25 | 7.3% | -18.4% | ||
| Q4 24 | 3.1% | -92.7% | ||
| Q3 24 | 0.9% | -151.5% | ||
| Q2 24 | 4.0% | -107.1% | ||
| Q1 24 | 3.0% | -69.7% |
| Q4 25 | $0.03 | $-2.31 | ||
| Q3 25 | $0.05 | $-1.61 | ||
| Q2 25 | $0.04 | $-1.18 | ||
| Q1 25 | $0.04 | $-0.58 | ||
| Q4 24 | $0.03 | $-0.95 | ||
| Q3 24 | $0.00 | $-1.21 | ||
| Q2 24 | $0.02 | $-0.97 | ||
| Q1 24 | $0.01 | $-0.70 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $21.1M |
| Total DebtLower is stronger | $114.0K | $9.9M |
| Stockholders' EquityBook value | $63.8M | $-43.0M |
| Total Assets | $77.7M | $111.8M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | — | $24.4M | ||
| Q2 25 | — | $3.5M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $8.3M | ||
| Q2 24 | — | $10.8M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | $114.0K | $9.9M | ||
| Q3 25 | $236.0K | $16.6M | ||
| Q2 25 | $356.0K | $10.9M | ||
| Q1 25 | $475.0K | $10.2M | ||
| Q4 24 | $592.0K | $9.5M | ||
| Q3 24 | $709.0K | — | ||
| Q2 24 | $823.0K | — | ||
| Q1 24 | $937.0K | — |
| Q4 25 | $63.8M | $-43.0M | ||
| Q3 25 | $61.3M | $-13.7M | ||
| Q2 25 | $58.3M | $9.0M | ||
| Q1 25 | $55.2M | $15.5M | ||
| Q4 24 | $51.4M | $19.0M | ||
| Q3 24 | $49.5M | $30.4M | ||
| Q2 24 | $48.2M | $44.2M | ||
| Q1 24 | $46.8M | $55.2M |
| Q4 25 | $77.7M | $111.8M | ||
| Q3 25 | $76.0M | $111.5M | ||
| Q2 25 | $71.4M | $83.0M | ||
| Q1 25 | $67.4M | $84.1M | ||
| Q4 24 | $64.9M | $89.9M | ||
| Q3 24 | $62.3M | $91.7M | ||
| Q2 24 | $59.6M | $100.3M | ||
| Q1 24 | $57.5M | $115.0M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.01× | 1.20× | ||
| Q1 25 | 0.01× | 0.65× | ||
| Q4 24 | 0.01× | 0.50× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.3M | $-8.0M |
| Free Cash FlowOCF − Capex | — | $-8.4M |
| FCF MarginFCF / Revenue | — | -25.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $-8.0M | ||
| Q3 25 | $4.4M | $-14.6M | ||
| Q2 25 | $1.3M | $-2.3M | ||
| Q1 25 | $1.2M | $-8.5M | ||
| Q4 24 | $2.2M | $-16.7M | ||
| Q3 24 | $1.6M | $-2.4M | ||
| Q2 24 | $2.7M | $-3.8M | ||
| Q1 24 | $-166.0K | $-11.9M |
| Q4 25 | — | $-8.4M | ||
| Q3 25 | — | $-15.1M | ||
| Q2 25 | $1.3M | $-2.5M | ||
| Q1 25 | — | $-8.6M | ||
| Q4 24 | $2.1M | $-17.0M | ||
| Q3 24 | — | $-2.6M | ||
| Q2 24 | — | $-4.5M | ||
| Q1 24 | — | $-12.3M |
| Q4 25 | — | -25.7% | ||
| Q3 25 | — | -57.9% | ||
| Q2 25 | 7.7% | -12.4% | ||
| Q1 25 | — | -41.2% | ||
| Q4 24 | 13.2% | -128.6% | ||
| Q3 24 | — | -25.6% | ||
| Q2 24 | — | -39.2% | ||
| Q1 24 | — | -97.6% |
| Q4 25 | 0.0% | 1.3% | ||
| Q3 25 | 0.0% | 1.7% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.0% | 0.4% | ||
| Q4 24 | 0.2% | 2.2% | ||
| Q3 24 | 0.0% | 2.2% | ||
| Q2 24 | 0.0% | 6.1% | ||
| Q1 24 | 0.0% | 3.4% |
| 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
| Services | $8.6M | 48% |
| Software Solution Segment | $8.3M | 46% |
| Products | $1.1M | 6% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
