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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

Crexendo, Inc. is the larger business by last-quarter revenue ($18.1M vs $9.4M, roughly 1.9× Velo3D, Inc.). Crexendo, Inc. runs the higher net margin — 6.7% vs -231.9%, a 238.7% gap on every dollar of revenue. On growth, Crexendo, Inc. posted the faster year-over-year revenue change (11.2% vs -25.2%). Over the past eight quarters, Crexendo, Inc.'s revenue compounded faster (12.4% CAGR vs -1.8%).

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.

Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.

CXDO vs VELO — Head-to-Head

Bigger by revenue
CXDO
CXDO
1.9× larger
CXDO
$18.1M
$9.4M
VELO
Growing faster (revenue YoY)
CXDO
CXDO
+36.4% gap
CXDO
11.2%
-25.2%
VELO
Higher net margin
CXDO
CXDO
238.7% more per $
CXDO
6.7%
-231.9%
VELO
Faster 2-yr revenue CAGR
CXDO
CXDO
Annualised
CXDO
12.4%
-1.8%
VELO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CXDO
CXDO
VELO
VELO
Revenue
$18.1M
$9.4M
Net Profit
$1.2M
$-21.9M
Gross Margin
-73.6%
Operating Margin
6.3%
-231.0%
Net Margin
6.7%
-231.9%
Revenue YoY
11.2%
-25.2%
Net Profit YoY
140.2%
-2.9%
EPS (diluted)
$0.03
$-0.87

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
VELO
VELO
Q4 25
$18.1M
$9.4M
Q3 25
$17.5M
$13.6M
Q2 25
$16.6M
$13.6M
Q1 25
$16.1M
$9.3M
Q4 24
$16.2M
$12.6M
Q3 24
$15.6M
$8.2M
Q2 24
$14.7M
$10.3M
Q1 24
$14.3M
$9.8M
Net Profit
CXDO
CXDO
VELO
VELO
Q4 25
$1.2M
$-21.9M
Q3 25
$1.4M
$-11.2M
Q2 25
$1.2M
$-13.3M
Q1 25
$1.2M
$-25.0M
Q4 24
$507.0K
$-21.3M
Q3 24
$148.0K
$-21.9M
Q2 24
$588.0K
$935.0K
Q1 24
$434.0K
$-27.5M
Gross Margin
CXDO
CXDO
VELO
VELO
Q4 25
-73.6%
Q3 25
3.2%
Q2 25
-11.7%
Q1 25
7.5%
Q4 24
-3.5%
Q3 24
49.4%
Q2 24
-28.0%
Q1 24
-28.8%
Operating Margin
CXDO
CXDO
VELO
VELO
Q4 25
6.3%
-231.0%
Q3 25
7.5%
-73.3%
Q2 25
6.7%
-85.4%
Q1 25
7.2%
-123.6%
Q4 24
3.9%
-167.0%
Q3 24
0.9%
-213.8%
Q2 24
3.9%
-187.7%
Q1 24
3.4%
-211.1%
Net Margin
CXDO
CXDO
VELO
VELO
Q4 25
6.7%
-231.9%
Q3 25
8.3%
-82.0%
Q2 25
7.4%
-97.7%
Q1 25
7.3%
-268.4%
Q4 24
3.1%
-168.5%
Q3 24
0.9%
-265.3%
Q2 24
4.0%
9.0%
Q1 24
3.0%
-281.2%
EPS (diluted)
CXDO
CXDO
VELO
VELO
Q4 25
$0.03
$-0.87
Q3 25
$0.05
$-0.65
Q2 25
$0.04
$-0.94
Q1 25
$0.04
$-1.87
Q4 24
$0.03
$7.06
Q3 24
$0.00
$-35.52
Q2 24
$0.02
$1.65
Q1 24
$0.01
$-55.51

Balance Sheet & Financial Strength

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

Metric
CXDO
CXDO
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$39.0M
Total DebtLower is stronger
$114.0K
$31.0M
Stockholders' EquityBook value
$63.8M
$38.2M
Total Assets
$77.7M
$105.3M
Debt / EquityLower = less leverage
0.00×
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CXDO
CXDO
VELO
VELO
Q4 25
$39.0M
Q3 25
$11.8M
Q2 25
$854.0K
Q1 25
$3.9M
Q4 24
$1.2M
Q3 24
$1.6M
Q2 24
$3.2M
Q1 24
$10.9M
Total Debt
CXDO
CXDO
VELO
VELO
Q4 25
$114.0K
$31.0M
Q3 25
$236.0K
$23.0M
Q2 25
$356.0K
$22.5M
Q1 25
$475.0K
$21.7M
Q4 24
$592.0K
$5.7M
Q3 24
$709.0K
$32.3M
Q2 24
$823.0K
$33.5M
Q1 24
$937.0K
$44.0M
Stockholders' Equity
CXDO
CXDO
VELO
VELO
Q4 25
$63.8M
$38.2M
Q3 25
$61.3M
$29.9M
Q2 25
$58.3M
$21.4M
Q1 25
$55.2M
$32.8M
Q4 24
$51.4M
$39.7M
Q3 24
$49.5M
$34.4M
Q2 24
$48.2M
$52.1M
Q1 24
$46.8M
$45.5M
Total Assets
CXDO
CXDO
VELO
VELO
Q4 25
$77.7M
$105.3M
Q3 25
$76.0M
$93.7M
Q2 25
$71.4M
$78.4M
Q1 25
$67.4M
$91.3M
Q4 24
$64.9M
$89.2M
Q3 24
$62.3M
$110.8M
Q2 24
$59.6M
$116.7M
Q1 24
$57.5M
$136.1M
Debt / Equity
CXDO
CXDO
VELO
VELO
Q4 25
0.00×
0.81×
Q3 25
0.00×
0.77×
Q2 25
0.01×
1.05×
Q1 25
0.01×
0.66×
Q4 24
0.01×
0.14×
Q3 24
0.01×
0.94×
Q2 24
0.02×
0.64×
Q1 24
0.02×
0.97×

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
VELO
VELO
Operating Cash FlowLast quarter
$2.3M
$-7.7M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-88.3%
Capex IntensityCapex / Revenue
0.0%
6.4%
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
VELO
VELO
Q4 25
$2.3M
$-7.7M
Q3 25
$4.4M
$-6.0M
Q2 25
$1.3M
$-1.2M
Q1 25
$1.2M
$-12.3M
Q4 24
$2.2M
$-2.2M
Q3 24
$1.6M
$-2.0M
Q2 24
$2.7M
$-8.0M
Q1 24
$-166.0K
$-20.5M
Free Cash Flow
CXDO
CXDO
VELO
VELO
Q4 25
$-8.3M
Q3 25
$-6.3M
Q2 25
$1.3M
$-3.0M
Q1 25
Q4 24
$2.1M
$-2.2M
Q3 24
$-2.0M
Q2 24
$-8.0M
Q1 24
$-20.5M
FCF Margin
CXDO
CXDO
VELO
VELO
Q4 25
-88.3%
Q3 25
-46.5%
Q2 25
7.7%
-22.2%
Q1 25
Q4 24
13.2%
-17.7%
Q3 24
-24.2%
Q2 24
-77.1%
Q1 24
-209.8%
Capex Intensity
CXDO
CXDO
VELO
VELO
Q4 25
0.0%
6.4%
Q3 25
0.0%
2.3%
Q2 25
0.1%
13.3%
Q1 25
0.0%
0.0%
Q4 24
0.2%
0.2%
Q3 24
0.0%
0.2%
Q2 24
0.0%
0.0%
Q1 24
0.0%
0.1%
Cash Conversion
CXDO
CXDO
VELO
VELO
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×
-8.52×
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%

VELO
VELO

Segment breakdown not available.

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