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

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $12.0M, roughly 1.5× iPower Inc.). On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -36.8%).

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.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

CXDO vs IPW — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.5× larger
CXDO
$18.1M
$12.0M
IPW
Growing faster (revenue YoY)
CXDO
CXDO
+48.0% gap
CXDO
11.2%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CXDO
CXDO
IPW
IPW
Revenue
$18.1M
$12.0M
Net Profit
$1.2M
Gross Margin
40.0%
Operating Margin
6.3%
-14.1%
Net Margin
6.7%
Revenue YoY
11.2%
-36.8%
Net Profit YoY
140.2%
EPS (diluted)
$0.03
$-0.51

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
IPW
IPW
Q4 25
$18.1M
Q3 25
$17.5M
$12.0M
Q2 25
$16.6M
Q1 25
$16.1M
Q4 24
$16.2M
Q3 24
$15.6M
Q2 24
$14.7M
Q1 24
$14.3M
Net Profit
CXDO
CXDO
IPW
IPW
Q4 25
$1.2M
Q3 25
$1.4M
Q2 25
$1.2M
Q1 25
$1.2M
Q4 24
$507.0K
Q3 24
$148.0K
Q2 24
$588.0K
Q1 24
$434.0K
Gross Margin
CXDO
CXDO
IPW
IPW
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
CXDO
CXDO
IPW
IPW
Q4 25
6.3%
Q3 25
7.5%
-14.1%
Q2 25
6.7%
Q1 25
7.2%
Q4 24
3.9%
Q3 24
0.9%
Q2 24
3.9%
Q1 24
3.4%
Net Margin
CXDO
CXDO
IPW
IPW
Q4 25
6.7%
Q3 25
8.3%
Q2 25
7.4%
Q1 25
7.3%
Q4 24
3.1%
Q3 24
0.9%
Q2 24
4.0%
Q1 24
3.0%
EPS (diluted)
CXDO
CXDO
IPW
IPW
Q4 25
$0.03
Q3 25
$0.05
$-0.51
Q2 25
$0.04
Q1 25
$0.04
Q4 24
$0.03
Q3 24
$0.00
Q2 24
$0.02
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
CXDO
CXDO
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
$114.0K
Stockholders' EquityBook value
$63.8M
$17.9M
Total Assets
$77.7M
$28.6M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
IPW
IPW
Q4 25
Q3 25
$904.0K
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
CXDO
CXDO
IPW
IPW
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
IPW
IPW
Q4 25
$63.8M
Q3 25
$61.3M
$17.9M
Q2 25
$58.3M
Q1 25
$55.2M
Q4 24
$51.4M
Q3 24
$49.5M
Q2 24
$48.2M
Q1 24
$46.8M
Total Assets
CXDO
CXDO
IPW
IPW
Q4 25
$77.7M
Q3 25
$76.0M
$28.6M
Q2 25
$71.4M
Q1 25
$67.4M
Q4 24
$64.9M
Q3 24
$62.3M
Q2 24
$59.6M
Q1 24
$57.5M
Debt / Equity
CXDO
CXDO
IPW
IPW
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
IPW
IPW
Operating Cash FlowLast quarter
$2.3M
$1.7M
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
IPW
IPW
Q4 25
$2.3M
Q3 25
$4.4M
$1.7M
Q2 25
$1.3M
Q1 25
$1.2M
Q4 24
$2.2M
Q3 24
$1.6M
Q2 24
$2.7M
Q1 24
$-166.0K
Free Cash Flow
CXDO
CXDO
IPW
IPW
Q4 25
Q3 25
Q2 25
$1.3M
Q1 25
Q4 24
$2.1M
Q3 24
Q2 24
Q1 24
FCF Margin
CXDO
CXDO
IPW
IPW
Q4 25
Q3 25
Q2 25
7.7%
Q1 25
Q4 24
13.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
CXDO
CXDO
IPW
IPW
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
IPW
IPW
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%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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