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

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $12.8M, roughly 1.4× NextPlat Corp). Crexendo, Inc. runs the higher net margin — 6.7% vs -40.2%, a 46.9% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -21.1%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -14.4%).

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.

CXDO vs NXPL — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.4× larger
CXDO
$18.1M
$12.8M
NXPL
Growing faster (revenue YoY)
CXDO
CXDO
+32.3% gap
CXDO
11.2%
-21.1%
NXPL
Higher net margin
CXDO
CXDO
46.9% more per $
CXDO
6.7%
-40.2%
NXPL
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
-14.4%
NXPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXDO
CXDO
NXPL
NXPL
Revenue
$18.1M
$12.8M
Net Profit
$1.2M
$-5.1M
Gross Margin
14.3%
Operating Margin
6.3%
-28.9%
Net Margin
6.7%
-40.2%
Revenue YoY
11.2%
-21.1%
Net Profit YoY
140.2%
-70.6%
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
NXPL
NXPL
Q4 25
$18.1M
$12.8M
Q3 25
$17.5M
$13.8M
Q2 25
$16.6M
$13.2M
Q1 25
$16.1M
$14.5M
Q4 24
$16.2M
$16.2M
Q3 24
$15.6M
$15.4M
Q2 24
$14.7M
$17.0M
Q1 24
$14.3M
$17.5M
Net Profit
CXDO
CXDO
NXPL
NXPL
Q4 25
$1.2M
$-5.1M
Q3 25
$1.4M
$-2.2M
Q2 25
$1.2M
$-1.8M
Q1 25
$1.2M
$-1.3M
Q4 24
$507.0K
$-3.0M
Q3 24
$148.0K
$-4.2M
Q2 24
$588.0K
$-5.3M
Q1 24
$434.0K
$-1.5M
Gross Margin
CXDO
CXDO
NXPL
NXPL
Q4 25
14.3%
Q3 25
19.9%
Q2 25
21.8%
Q1 25
23.8%
Q4 24
16.8%
Q3 24
23.2%
Q2 24
34.5%
Q1 24
27.8%
Operating Margin
CXDO
CXDO
NXPL
NXPL
Q4 25
6.3%
-28.9%
Q3 25
7.5%
-14.5%
Q2 25
6.7%
-13.8%
Q1 25
7.2%
-10.2%
Q4 24
3.9%
-14.1%
Q3 24
0.9%
-52.1%
Q2 24
3.9%
-64.1%
Q1 24
3.4%
-10.5%
Net Margin
CXDO
CXDO
NXPL
NXPL
Q4 25
6.7%
-40.2%
Q3 25
8.3%
-15.9%
Q2 25
7.4%
-13.5%
Q1 25
7.3%
-9.2%
Q4 24
3.1%
-18.6%
Q3 24
0.9%
-27.4%
Q2 24
4.0%
-31.3%
Q1 24
3.0%
-8.5%
EPS (diluted)
CXDO
CXDO
NXPL
NXPL
Q4 25
$0.03
Q3 25
$0.05
Q2 25
$0.04
Q1 25
$0.04
$-0.05
Q4 24
$0.03
Q3 24
$0.00
$-0.22
Q2 24
$0.02
Q1 24
$0.01
$-0.08

Balance Sheet & Financial Strength

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

Metric
CXDO
CXDO
NXPL
NXPL
Cash + ST InvestmentsLiquidity on hand
$13.7M
Total DebtLower is stronger
$114.0K
$1.3M
Stockholders' EquityBook value
$63.8M
$17.3M
Total Assets
$77.7M
$27.5M
Debt / EquityLower = less leverage
0.00×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
NXPL
NXPL
Q4 25
$13.7M
Q3 25
$13.9M
Q2 25
$16.6M
Q1 25
$17.7M
Q4 24
$20.0M
Q3 24
$20.4M
Q2 24
$24.9M
Q1 24
$23.5M
Total Debt
CXDO
CXDO
NXPL
NXPL
Q4 25
$114.0K
$1.3M
Q3 25
$236.0K
$1.2M
Q2 25
$356.0K
$1.2M
Q1 25
$475.0K
$1.3M
Q4 24
$592.0K
$1.4M
Q3 24
$709.0K
$1.5M
Q2 24
$823.0K
$1.3M
Q1 24
$937.0K
$1.4M
Stockholders' Equity
CXDO
CXDO
NXPL
NXPL
Q4 25
$63.8M
$17.3M
Q3 25
$61.3M
$21.4M
Q2 25
$58.3M
$23.5M
Q1 25
$55.2M
$25.3M
Q4 24
$51.4M
$27.3M
Q3 24
$49.5M
$22.5M
Q2 24
$48.2M
$26.5M
Q1 24
$46.8M
$31.2M
Total Assets
CXDO
CXDO
NXPL
NXPL
Q4 25
$77.7M
$27.5M
Q3 25
$76.0M
$30.0M
Q2 25
$71.4M
$31.0M
Q1 25
$67.4M
$35.2M
Q4 24
$64.9M
$37.1M
Q3 24
$62.3M
$41.1M
Q2 24
$59.6M
$51.5M
Q1 24
$57.5M
$65.1M
Debt / Equity
CXDO
CXDO
NXPL
NXPL
Q4 25
0.00×
0.07×
Q3 25
0.00×
0.05×
Q2 25
0.01×
0.05×
Q1 25
0.01×
0.05×
Q4 24
0.01×
0.05×
Q3 24
0.01×
0.07×
Q2 24
0.02×
0.05×
Q1 24
0.02×
0.04×

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
NXPL
NXPL
Operating Cash FlowLast quarter
$2.3M
$-302.0K
Free Cash FlowOCF − Capex
$-339.0K
FCF MarginFCF / Revenue
-2.6%
Capex IntensityCapex / Revenue
0.0%
0.3%
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
NXPL
NXPL
Q4 25
$2.3M
$-302.0K
Q3 25
$4.4M
$-2.7M
Q2 25
$1.3M
$-1.0M
Q1 25
$1.2M
$-2.1M
Q4 24
$2.2M
$-476.0K
Q3 24
$1.6M
$-4.6M
Q2 24
$2.7M
$2.3M
Q1 24
$-166.0K
$-2.7M
Free Cash Flow
CXDO
CXDO
NXPL
NXPL
Q4 25
$-339.0K
Q3 25
Q2 25
$1.3M
$-1.1M
Q1 25
$-2.1M
Q4 24
$2.1M
$-508.0K
Q3 24
$-4.7M
Q2 24
$2.2M
Q1 24
$-2.7M
FCF Margin
CXDO
CXDO
NXPL
NXPL
Q4 25
-2.6%
Q3 25
Q2 25
7.7%
-8.0%
Q1 25
-14.3%
Q4 24
13.2%
-3.1%
Q3 24
-30.6%
Q2 24
13.2%
Q1 24
-15.7%
Capex Intensity
CXDO
CXDO
NXPL
NXPL
Q4 25
0.0%
0.3%
Q3 25
0.0%
0.0%
Q2 25
0.1%
0.1%
Q1 25
0.0%
0.2%
Q4 24
0.2%
0.2%
Q3 24
0.0%
0.6%
Q2 24
0.0%
0.4%
Q1 24
0.0%
0.4%
Cash Conversion
CXDO
CXDO
NXPL
NXPL
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%

NXPL
NXPL

Healthcare Operations$9.0M70%
Ecommerce Revenue$3.8M30%

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