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Side-by-side financial comparison of Crexendo, Inc. (CXDO) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $18.1M, roughly 1.5× Crexendo, Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 6.7%, a 32.5% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 11.2%). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 12.4%).
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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
CXDO vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.1M | $26.9M |
| Net Profit | $1.2M | $10.6M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | 50.0% |
| Net Margin | 6.7% | 39.2% |
| Revenue YoY | 11.2% | 16.6% |
| Net Profit YoY | 140.2% | 34.8% |
| EPS (diluted) | $0.03 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $18.1M | $24.2M | ||
| Q3 25 | $17.5M | $25.0M | ||
| Q2 25 | $16.6M | $23.8M | ||
| Q1 25 | $16.1M | $23.1M | ||
| Q4 24 | $16.2M | $20.9M | ||
| Q3 24 | $15.6M | $20.3M | ||
| Q2 24 | $14.7M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $1.2M | $7.4M | ||
| Q3 25 | $1.4M | $9.3M | ||
| Q2 25 | $1.2M | $8.0M | ||
| Q1 25 | $1.2M | $7.8M | ||
| Q4 24 | $507.0K | $7.1M | ||
| Q3 24 | $148.0K | $6.0M | ||
| Q2 24 | $588.0K | $5.2M |
| Q1 26 | — | 50.0% | ||
| Q4 25 | 6.3% | 39.6% | ||
| Q3 25 | 7.5% | 45.8% | ||
| Q2 25 | 6.7% | 43.4% | ||
| Q1 25 | 7.2% | 43.4% | ||
| Q4 24 | 3.9% | 30.9% | ||
| Q3 24 | 0.9% | 36.6% | ||
| Q2 24 | 3.9% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 6.7% | 30.7% | ||
| Q3 25 | 8.3% | 37.3% | ||
| Q2 25 | 7.4% | 33.5% | ||
| Q1 25 | 7.3% | 34.0% | ||
| Q4 24 | 3.1% | 34.0% | ||
| Q3 24 | 0.9% | 29.3% | ||
| Q2 24 | 4.0% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.03 | $0.44 | ||
| Q3 25 | $0.05 | $0.55 | ||
| Q2 25 | $0.04 | $0.47 | ||
| Q1 25 | $0.04 | $0.46 | ||
| Q4 24 | $0.03 | $0.41 | ||
| Q3 24 | $0.00 | $0.35 | ||
| Q2 24 | $0.02 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $362.0M |
| Total DebtLower is stronger | $114.0K | — |
| Stockholders' EquityBook value | $63.8M | $270.7M |
| Total Assets | $77.7M | $4.0B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | — | $471.1M | ||
| Q3 25 | — | $232.9M | ||
| Q2 25 | — | $345.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $243.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | $63.8M | $266.0M | ||
| Q3 25 | $61.3M | $255.1M | ||
| Q2 25 | $58.3M | $240.9M | ||
| Q1 25 | $55.2M | $237.9M | ||
| Q4 24 | $51.4M | $227.9M | ||
| Q3 24 | $49.5M | $235.4M | ||
| Q2 24 | $48.2M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $77.7M | $4.1B | ||
| Q3 25 | $76.0M | $4.0B | ||
| Q2 25 | $71.4M | $4.1B | ||
| Q1 25 | $67.4M | $4.0B | ||
| Q4 24 | $64.9M | $4.0B | ||
| Q3 24 | $62.3M | $4.0B | ||
| Q2 24 | $59.6M | $4.0B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $12.9M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 46.0% |
| Capex IntensityCapex / Revenue | 0.0% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.93× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $2.3M | $46.5M | ||
| Q3 25 | $4.4M | $11.4M | ||
| Q2 25 | $1.3M | $13.5M | ||
| Q1 25 | $1.2M | $9.7M | ||
| Q4 24 | $2.2M | $39.8M | ||
| Q3 24 | $1.6M | $12.9M | ||
| Q2 24 | $2.7M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | $1.3M | $12.8M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | $2.1M | $13.7M | ||
| Q3 24 | — | $7.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | 7.7% | 53.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | 13.2% | 65.6% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.0% | 13.7% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.1% | 3.2% | ||
| Q1 25 | 0.0% | 6.5% | ||
| Q4 24 | 0.2% | 125.3% | ||
| Q3 24 | 0.0% | 29.4% | ||
| Q2 24 | 0.0% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | 1.93× | 6.26× | ||
| Q3 25 | 3.05× | 1.23× | ||
| Q2 25 | 1.05× | 1.70× | ||
| Q1 25 | 1.06× | 1.24× | ||
| Q4 24 | 4.29× | 5.61× | ||
| Q3 24 | 10.95× | 2.17× | ||
| Q2 24 | 4.51× | 1.93× |
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% |
WTBA
Segment breakdown not available.
