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

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $9.7M, roughly 1.9× MIND TECHNOLOGY, INC). Crexendo, Inc. runs the higher net margin — 6.7% vs 0.6%, a 6.1% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -20.0%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -14.9%).

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.

Mitcham Industries, Inc. is a company founded in 1987, and is based in Huntsville, Texas. The company markets geophysical and other equipment to seismic data acquisition contractors conducting surveys on land, marsh, and marine areas, both shallow and deep water. There are mainly two segments operating in the company, namely an Equipment Leasing segment and an Equipment Manufacturing segment. In October 2011, the Company opened a new logistics and repair facility in Budapest, Hungary, and thr...

CXDO vs MIND — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.9× larger
CXDO
$18.1M
$9.7M
MIND
Growing faster (revenue YoY)
CXDO
CXDO
+31.2% gap
CXDO
11.2%
-20.0%
MIND
Higher net margin
CXDO
CXDO
6.1% more per $
CXDO
6.7%
0.6%
MIND
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
-14.9%
MIND

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CXDO
CXDO
MIND
MIND
Revenue
$18.1M
$9.7M
Net Profit
$1.2M
$62.0K
Gross Margin
46.6%
Operating Margin
6.3%
8.0%
Net Margin
6.7%
0.6%
Revenue YoY
11.2%
-20.0%
Net Profit YoY
140.2%
-95.2%
EPS (diluted)
$0.03

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
MIND
MIND
Q4 25
$18.1M
$9.7M
Q3 25
$17.5M
$13.6M
Q2 25
$16.6M
$7.9M
Q1 25
$16.1M
$15.0M
Q4 24
$16.2M
$12.1M
Q3 24
$15.6M
$10.0M
Q2 24
$14.7M
$9.7M
Q1 24
$14.3M
$13.4M
Net Profit
CXDO
CXDO
MIND
MIND
Q4 25
$1.2M
$62.0K
Q3 25
$1.4M
$1.9M
Q2 25
$1.2M
$-970.0K
Q1 25
$1.2M
$2.0M
Q4 24
$507.0K
$1.3M
Q3 24
$148.0K
$798.0K
Q2 24
$588.0K
$954.0K
Q1 24
$434.0K
$1.4M
Gross Margin
CXDO
CXDO
MIND
MIND
Q4 25
46.6%
Q3 25
50.4%
Q2 25
42.2%
Q1 25
43.5%
Q4 24
44.8%
Q3 24
47.6%
Q2 24
43.6%
Q1 24
46.7%
Operating Margin
CXDO
CXDO
MIND
MIND
Q4 25
6.3%
8.0%
Q3 25
7.5%
19.6%
Q2 25
6.7%
-8.3%
Q1 25
7.2%
18.5%
Q4 24
3.9%
15.5%
Q3 24
0.9%
14.2%
Q2 24
3.9%
7.5%
Q1 24
3.4%
17.3%
Net Margin
CXDO
CXDO
MIND
MIND
Q4 25
6.7%
0.6%
Q3 25
8.3%
14.2%
Q2 25
7.4%
-12.3%
Q1 25
7.3%
13.5%
Q4 24
3.1%
10.7%
Q3 24
0.9%
8.0%
Q2 24
4.0%
9.9%
Q1 24
3.0%
10.8%
EPS (diluted)
CXDO
CXDO
MIND
MIND
Q4 25
$0.03
Q3 25
$0.05
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
MIND
MIND
Cash + ST InvestmentsLiquidity on hand
$19.4M
Total DebtLower is stronger
$114.0K
Stockholders' EquityBook value
$63.8M
$39.9M
Total Assets
$77.7M
$47.3M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
MIND
MIND
Q4 25
$19.4M
Q3 25
$7.8M
Q2 25
$9.2M
Q1 25
$5.3M
Q4 24
$3.5M
Q3 24
$1.9M
Q2 24
$924.0K
Q1 24
$5.3M
Total Debt
CXDO
CXDO
MIND
MIND
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
MIND
MIND
Q4 25
$63.8M
$39.9M
Q3 25
$61.3M
$28.8M
Q2 25
$58.3M
$26.6M
Q1 25
$55.2M
$27.3M
Q4 24
$51.4M
$25.2M
Q3 24
$49.5M
$24.5M
Q2 24
$48.2M
$23.6M
Q1 24
$46.8M
$22.6M
Total Assets
CXDO
CXDO
MIND
MIND
Q4 25
$77.7M
$47.3M
Q3 25
$76.0M
$35.8M
Q2 25
$71.4M
$36.2M
Q1 25
$67.4M
$36.7M
Q4 24
$64.9M
$36.1M
Q3 24
$62.3M
$37.8M
Q2 24
$59.6M
$34.9M
Q1 24
$57.5M
$33.5M
Debt / Equity
CXDO
CXDO
MIND
MIND
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
MIND
MIND
Operating Cash FlowLast quarter
$2.3M
$894.0K
Free Cash FlowOCF − Capex
$801.0K
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
0.0%
1.0%
Cash ConversionOCF / Net Profit
1.93×
14.42×
TTM Free Cash FlowTrailing 4 quarters
$5.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXDO
CXDO
MIND
MIND
Q4 25
$2.3M
$894.0K
Q3 25
$4.4M
$-1.2M
Q2 25
$1.3M
$4.1M
Q1 25
$1.2M
$2.1M
Q4 24
$2.2M
$2.3M
Q3 24
$1.6M
$1.1M
Q2 24
$2.7M
$-4.8M
Q1 24
$-166.0K
$657.0K
Free Cash Flow
CXDO
CXDO
MIND
MIND
Q4 25
$801.0K
Q3 25
$-1.3M
Q2 25
$1.3M
$3.8M
Q1 25
$1.8M
Q4 24
$2.1M
$2.2M
Q3 24
$978.0K
Q2 24
$-4.8M
Q1 24
$566.0K
FCF Margin
CXDO
CXDO
MIND
MIND
Q4 25
8.3%
Q3 25
-9.9%
Q2 25
7.7%
48.5%
Q1 25
12.2%
Q4 24
13.2%
18.3%
Q3 24
9.7%
Q2 24
-49.8%
Q1 24
4.2%
Capex Intensity
CXDO
CXDO
MIND
MIND
Q4 25
0.0%
1.0%
Q3 25
0.0%
1.3%
Q2 25
0.1%
3.0%
Q1 25
0.0%
1.5%
Q4 24
0.2%
0.6%
Q3 24
0.0%
0.8%
Q2 24
0.0%
0.7%
Q1 24
0.0%
0.7%
Cash Conversion
CXDO
CXDO
MIND
MIND
Q4 25
1.93×
14.42×
Q3 25
3.05×
-0.60×
Q2 25
1.05×
Q1 25
1.06×
1.01×
Q4 24
4.29×
1.77×
Q3 24
10.95×
1.33×
Q2 24
4.51×
-4.98×
Q1 24
-0.38×
0.46×

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%

MIND
MIND

Segment breakdown not available.

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