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

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $13.3M, roughly 1.4× OCULAR THERAPEUTIX, INC). Crexendo, Inc. runs the higher net margin — 6.7% vs -488.0%, a 494.7% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -22.4%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -5.3%).

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.

Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.

CXDO vs OCUL — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.4× larger
CXDO
$18.1M
$13.3M
OCUL
Growing faster (revenue YoY)
CXDO
CXDO
+33.7% gap
CXDO
11.2%
-22.4%
OCUL
Higher net margin
CXDO
CXDO
494.7% more per $
CXDO
6.7%
-488.0%
OCUL
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXDO
CXDO
OCUL
OCUL
Revenue
$18.1M
$13.3M
Net Profit
$1.2M
$-64.7M
Gross Margin
88.0%
Operating Margin
6.3%
-526.5%
Net Margin
6.7%
-488.0%
Revenue YoY
11.2%
-22.4%
Net Profit YoY
140.2%
-33.6%
EPS (diluted)
$0.03
$-0.27

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
OCUL
OCUL
Q4 25
$18.1M
$13.3M
Q3 25
$17.5M
$14.5M
Q2 25
$16.6M
$13.5M
Q1 25
$16.1M
$10.7M
Q4 24
$16.2M
$17.1M
Q3 24
$15.6M
$15.4M
Q2 24
$14.7M
$16.4M
Q1 24
$14.3M
$14.8M
Net Profit
CXDO
CXDO
OCUL
OCUL
Q4 25
$1.2M
$-64.7M
Q3 25
$1.4M
$-69.4M
Q2 25
$1.2M
$-67.8M
Q1 25
$1.2M
$-64.1M
Q4 24
$507.0K
$-48.4M
Q3 24
$148.0K
$-36.5M
Q2 24
$588.0K
$-43.8M
Q1 24
$434.0K
$-64.8M
Gross Margin
CXDO
CXDO
OCUL
OCUL
Q4 25
88.0%
Q3 25
87.8%
Q2 25
85.6%
Q1 25
88.2%
Q4 24
92.8%
Q3 24
89.9%
Q2 24
90.8%
Q1 24
91.0%
Operating Margin
CXDO
CXDO
OCUL
OCUL
Q4 25
6.3%
-526.5%
Q3 25
7.5%
-472.3%
Q2 25
6.7%
-502.6%
Q1 25
7.2%
-597.5%
Q4 24
3.9%
-296.1%
Q3 24
0.9%
-298.2%
Q2 24
3.9%
-265.1%
Q1 24
3.4%
-214.0%
Net Margin
CXDO
CXDO
OCUL
OCUL
Q4 25
6.7%
-488.0%
Q3 25
8.3%
-477.3%
Q2 25
7.4%
-503.9%
Q1 25
7.3%
-598.7%
Q4 24
3.1%
-283.3%
Q3 24
0.9%
-236.6%
Q2 24
4.0%
-266.3%
Q1 24
3.0%
-438.9%
EPS (diluted)
CXDO
CXDO
OCUL
OCUL
Q4 25
$0.03
$-0.27
Q3 25
$0.05
$-0.38
Q2 25
$0.04
$-0.39
Q1 25
$0.04
$-0.38
Q4 24
$0.03
$-0.25
Q3 24
$0.00
$-0.22
Q2 24
$0.02
$-0.26
Q1 24
$0.01
$-0.49

Balance Sheet & Financial Strength

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

Metric
CXDO
CXDO
OCUL
OCUL
Cash + ST InvestmentsLiquidity on hand
$737.1M
Total DebtLower is stronger
$114.0K
Stockholders' EquityBook value
$63.8M
$654.3M
Total Assets
$77.7M
$808.1M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
OCUL
OCUL
Q4 25
$737.1M
Q3 25
$344.8M
Q2 25
$391.1M
Q1 25
$349.7M
Q4 24
$392.1M
Q3 24
$427.2M
Q2 24
$459.7M
Q1 24
$482.9M
Total Debt
CXDO
CXDO
OCUL
OCUL
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
OCUL
OCUL
Q4 25
$63.8M
$654.3M
Q3 25
$61.3M
$258.2M
Q2 25
$58.3M
$305.9M
Q1 25
$55.2M
$265.9M
Q4 24
$51.4M
$315.3M
Q3 24
$49.5M
$352.0M
Q2 24
$48.2M
$377.7M
Q1 24
$46.8M
$408.0M
Total Assets
CXDO
CXDO
OCUL
OCUL
Q4 25
$77.7M
$808.1M
Q3 25
$76.0M
$410.9M
Q2 25
$71.4M
$451.3M
Q1 25
$67.4M
$405.9M
Q4 24
$64.9M
$457.9M
Q3 24
$62.3M
$490.4M
Q2 24
$59.6M
$517.1M
Q1 24
$57.5M
$538.9M
Debt / Equity
CXDO
CXDO
OCUL
OCUL
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
OCUL
OCUL
Operating Cash FlowLast quarter
$2.3M
$-54.2M
Free Cash FlowOCF − Capex
$-57.1M
FCF MarginFCF / Revenue
-430.9%
Capex IntensityCapex / Revenue
0.0%
21.4%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$-216.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CXDO
CXDO
OCUL
OCUL
Q4 25
$2.3M
$-54.2M
Q3 25
$4.4M
$-50.7M
Q2 25
$1.3M
$-55.2M
Q1 25
$1.2M
$-44.7M
Q4 24
$2.2M
$-39.4M
Q3 24
$1.6M
$-36.6M
Q2 24
$2.7M
$-24.8M
Q1 24
$-166.0K
$-33.9M
Free Cash Flow
CXDO
CXDO
OCUL
OCUL
Q4 25
$-57.1M
Q3 25
$-56.7M
Q2 25
$1.3M
$-56.5M
Q1 25
$-46.6M
Q4 24
$2.1M
$-39.6M
Q3 24
$-36.6M
Q2 24
$-25.5M
Q1 24
$-34.1M
FCF Margin
CXDO
CXDO
OCUL
OCUL
Q4 25
-430.9%
Q3 25
-390.0%
Q2 25
7.7%
-419.7%
Q1 25
-435.6%
Q4 24
13.2%
-232.0%
Q3 24
-237.6%
Q2 24
-155.4%
Q1 24
-231.1%
Capex Intensity
CXDO
CXDO
OCUL
OCUL
Q4 25
0.0%
21.4%
Q3 25
0.0%
41.2%
Q2 25
0.1%
9.3%
Q1 25
0.0%
18.1%
Q4 24
0.2%
1.2%
Q3 24
0.0%
0.6%
Q2 24
0.0%
4.5%
Q1 24
0.0%
1.7%
Cash Conversion
CXDO
CXDO
OCUL
OCUL
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%

OCUL
OCUL

Segment breakdown not available.

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