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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $11.1M, roughly 1.6× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs 6.7%, a 4.2% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -5.6%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -3.8%).
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.
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
CXDO vs MDV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.1M | $11.1M |
| Net Profit | $1.2M | $1.2M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | 45.8% |
| Net Margin | 6.7% | 11.0% |
| Revenue YoY | 11.2% | -5.6% |
| Net Profit YoY | 140.2% | -22.0% |
| EPS (diluted) | $0.03 | $0.02 |
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 | $11.1M | ||
| Q3 25 | $17.5M | $11.7M | ||
| Q2 25 | $16.6M | $11.8M | ||
| Q1 25 | $16.1M | $11.8M | ||
| Q4 24 | $16.2M | $11.7M | ||
| Q3 24 | $15.6M | $11.7M | ||
| Q2 24 | $14.7M | $11.4M | ||
| Q1 24 | $14.3M | $12.0M |
| Q4 25 | $1.2M | $1.2M | ||
| Q3 25 | $1.4M | $1.0M | ||
| Q2 25 | $1.2M | $-2.0M | ||
| Q1 25 | $1.2M | $829.0K | ||
| Q4 24 | $507.0K | $1.6M | ||
| Q3 24 | $148.0K | $-587.0K | ||
| Q2 24 | $588.0K | $1.3M | ||
| Q1 24 | $434.0K | $3.7M |
| Q4 25 | 6.3% | 45.8% | ||
| Q3 25 | 7.5% | 41.4% | ||
| Q2 25 | 6.7% | 9.8% | ||
| Q1 25 | 7.2% | 40.2% | ||
| Q4 24 | 3.9% | 45.4% | ||
| Q3 24 | 0.9% | 42.0% | ||
| Q2 24 | 3.9% | 44.6% | ||
| Q1 24 | 3.4% | 55.6% |
| Q4 25 | 6.7% | 11.0% | ||
| Q3 25 | 8.3% | 9.0% | ||
| Q2 25 | 7.4% | -17.1% | ||
| Q1 25 | 7.3% | 7.0% | ||
| Q4 24 | 3.1% | 13.3% | ||
| Q3 24 | 0.9% | -5.0% | ||
| Q2 24 | 4.0% | 11.6% | ||
| Q1 24 | 3.0% | 31.1% |
| Q4 25 | $0.03 | $0.02 | ||
| Q3 25 | $0.05 | $0.00 | ||
| Q2 25 | $0.04 | $-0.32 | ||
| Q1 25 | $0.04 | $-0.01 | ||
| Q4 24 | $0.03 | $0.07 | ||
| Q3 24 | $0.00 | $-0.18 | ||
| Q2 24 | $0.02 | $0.03 | ||
| Q1 24 | $0.01 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.4M |
| Total DebtLower is stronger | $114.0K | $261.5M |
| Stockholders' EquityBook value | $63.8M | $162.7M |
| Total Assets | $77.7M | $476.5M |
| Debt / EquityLower = less leverage | 0.00× | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $5.8M | ||
| Q1 25 | — | $6.2M | ||
| Q4 24 | — | $11.5M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $18.9M | ||
| Q1 24 | — | $18.4M |
| Q4 25 | $114.0K | $261.5M | ||
| Q3 25 | $236.0K | $279.7M | ||
| Q2 25 | $356.0K | $279.7M | ||
| Q1 25 | $475.0K | $279.7M | ||
| Q4 24 | $592.0K | $279.8M | ||
| Q3 24 | $709.0K | $279.7M | ||
| Q2 24 | $823.0K | $279.7M | ||
| Q1 24 | $937.0K | $279.6M |
| Q4 25 | $63.8M | $162.7M | ||
| Q3 25 | $61.3M | $164.8M | ||
| Q2 25 | $58.3M | $165.6M | ||
| Q1 25 | $55.2M | $171.1M | ||
| Q4 24 | $51.4M | $190.1M | ||
| Q3 24 | $49.5M | $186.3M | ||
| Q2 24 | $48.2M | $187.0M | ||
| Q1 24 | $46.8M | $188.0M |
| Q4 25 | $77.7M | $476.5M | ||
| Q3 25 | $76.0M | $499.6M | ||
| Q2 25 | $71.4M | $498.9M | ||
| Q1 25 | $67.4M | $506.8M | ||
| Q4 24 | $64.9M | $507.8M | ||
| Q3 24 | $62.3M | $507.4M | ||
| Q2 24 | $59.6M | $519.5M | ||
| Q1 24 | $57.5M | $522.5M |
| Q4 25 | 0.00× | 1.61× | ||
| Q3 25 | 0.00× | 1.70× | ||
| Q2 25 | 0.01× | 1.69× | ||
| Q1 25 | 0.01× | 1.63× | ||
| Q4 24 | 0.01× | 1.47× | ||
| Q3 24 | 0.01× | 1.50× | ||
| Q2 24 | 0.02× | 1.50× | ||
| Q1 24 | 0.02× | 1.49× |
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 | $15.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | 1.93× | 12.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3M | $15.0M | ||
| Q3 25 | $4.4M | $4.1M | ||
| Q2 25 | $1.3M | $3.9M | ||
| Q1 25 | $1.2M | $3.0M | ||
| Q4 24 | $2.2M | $18.2M | ||
| Q3 24 | $1.6M | $5.1M | ||
| Q2 24 | $2.7M | $4.7M | ||
| Q1 24 | $-166.0K | $3.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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% | — |
| Q4 25 | 1.93× | 12.34× | ||
| Q3 25 | 3.05× | 3.95× | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.06× | 3.68× | ||
| Q4 24 | 4.29× | 11.72× | ||
| Q3 24 | 10.95× | — | ||
| Q2 24 | 4.51× | 3.55× | ||
| Q1 24 | -0.38× | 0.80× |
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% |
MDV
Segment breakdown not available.
