Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Crexendo, Inc.CXDO · telecom | |
|---|---|
| Grade |  A/Bon the A/B boundary of 558 graded peers; percentile 18.5, sampling error 2.1 points; lower is stronger |
| Rank | 95 of 558 |
| Profitability | C/Dpercentile 60.1 |
| Solvency | Bpercentile 26.1 |
| Growth and financing | Bpercentile 32.8 |
| Reliability | 0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025 |
| Peer failure rate | 1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $12.5M to $120M assetstotal assets $77.7M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active · fortress balance sheetnot computable: short runway, distress |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Mar 3, 2026220 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $5.912026-10-08; market equity $196.5M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 3, 2026; the document on sec.gov.
Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platform software and unified communications as a service (UCaaS) offering, including voice, video, contact center, and managed IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over seven million end users globally, through an extensive network of over 240 cloud communication platform software subscribers and our direct retail offering.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 60.1 | |||||||
| Gross profitability | not computable | 28.0% | |||||
| latest aligned inputs end 2020-12-31; latest annual assets end 2025-12-31 | |||||||
| Return on invested capital | not computable | 8.9% | |||||
| latest aligned inputs end 2022-12-31; latest annual assets end 2025-12-31 | |||||||
| Accruals ratio | (5.9%) | [1,5-7] | (7.3%) | 60.1 | 703 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 2.4 pts | |||||
| five consecutive annual gross margins are required | |||||||
| Solvency, sleeve percentile 26.1 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 4.31 | [1,8-13] | 1.93 | 26.3 | 625 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.71x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.81x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 3.40x | [8-9] | 1.96x | 26.0 | 756 | 2025-12-31 | |
| Growth and financing, sleeve percentile 32.8 | |||||||
| Revenue growth, three-year compound | 22.0% | [2,14-16] | 5.1% | 15.6 | 615 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 12.4% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | 329.3% | [8-9,11,17-22] | 15.1% | 5.7 | 262 | 2025-12-31 | |
| Asset growth, three years | 11.8% | [1,7,23-24] | 3.4% | 28.9 | 641 | 2025-12-31 | |
| Net share issuance, one year | 11.7% | [25-26] | 0.5% | 80.8 | 434 | 2026-02-28 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.247; sampling error 2.1 percentile points on 558 peers.
Among 558 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 90 | Amphenol Corp. (APH) Amphenol Corp. (APH) Astrongest fifth; percentile 17.5 NYSE · Electronic Connectors market equity $105.2B; last close $85.32 No active warnings; 13 of 14 inputs | 17.5 | A | |
| 91 | Jack Henry & Associates Inc. (JKHY) Jack Henry & Associates Inc. (JKHY) Astrongest fifth; percentile 17.7 Nasdaq · Services-Computer Integrated Systems Design market equity $10.5B; last close $149.03 No active warnings; 10 of 14 inputs | 17.7 | A | |
| 92 | Hubspot Inc. (HUBS) Hubspot Inc. (HUBS) A/Bon the A/B boundary; percentile 17.9 NYSE · Services-Prepackaged Software market equity $11.6B; last close $231.91 No active warnings; 10 of 14 inputs | 17.9 | A/B | |
| 93 | Teradyne, Inc. (TER) Teradyne, Inc. (TER) A/Bon the A/B boundary; percentile 18.1 Nasdaq · Instruments For Meas & Testing of Electricity & Elec Signals market equity $62.3B; last close $398.81 Warnings: fortress balance sheet; 11 of 14 inputs | 18.1 | A/B | fortress balance sheet |
| 94 | Nextpower Inc. (NXT) Nextpower Inc. (NXT) A/Bon the A/B boundary; percentile 18.3 Nasdaq · Semiconductors & Related Devices market equity $11.6B; last close $85.26 No active warnings; 8 of 14 inputs | 18.3 | A/B | |
| 95 | Crexendo, Inc. (CXDO) Crexendo, Inc. (CXDO) A/Bon the A/B boundary; percentile 18.5 Nasdaq · Telephone Communications (No Radiotelephone) market equity $196.9M; last close $5.91 Warnings: fortress balance sheet; 7 of 14 inputs | 18.5 | A/B | fortress balance sheet |
| 96 | KLA Corp. (KLAC) KLA Corp. (KLAC) A/Bon the A/B boundary; percentile 18.5 Nasdaq · Optical Instruments & Lenses market equity $257.0B; last close $196.76 No active warnings; 8 of 14 inputs | 18.5 | A/B | |
| 97 | Paycom Software, Inc. (PAYC) Paycom Software, Inc. (PAYC) A/Bon the A/B boundary; percentile 18.8 NYSE · Services-Prepackaged Software market equity $10.4B; last close $230.33 Warnings: fortress balance sheet; 11 of 14 inputs | 18.8 | A/B | fortress balance sheet |
| 98 | Verisk Analytics, Inc. (VRSK) Verisk Analytics, Inc. (VRSK) A/Bon the A/B boundary; percentile 19.0 Nasdaq · Services-Computer Processing & Data Preparation market equity $23.0B; last close $175.51 No active warnings; 12 of 14 inputs | 19.0 | A/B | |
| 99 | Cadence Design Systems Inc. (CDNS) Cadence Design Systems Inc. (CDNS) A/Bon the A/B boundary; percentile 19.2 Nasdaq · Services-Prepackaged Software market equity $96.2B; last close $348.93 No active warnings; 8 of 14 inputs | 19.2 | A/B | |
| 100 | Qualys, Inc. (QLYS) Qualys, Inc. (QLYS) A/Bon the A/B boundary; percentile 19.4 Nasdaq · Services-Prepackaged Software market equity $6.7B; last close $193.71 No active warnings; 10 of 14 inputs | 19.4 | A/B |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | A | 10.5 | 2204 |
| sector peers, equal sleeves (the grade) | A/B | 18.5 | 558 |
| same exchange, equal sleeves | A | 18.2 | 1219 |
| sector peers, equal inputs | A | 11.7 | 558 |
Each letter is one fifth of the 558 graded peers, about 111 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (5.5%) | (0.3%) | 45 | hotter than 45 of 100 peers |
| Distance from 52-week high | (43.5%) | (29.7%) | 33 | closer to its high than 33 of 100 peers |
| EBIT to enterprise value | 2.4% | 1.4% | 59 | pricier than 41 of 100 peers |
| Free cash flow yield | 4.7% | 2.7% | 65 | pricier than 35 of 100 peers |
| Book value to price | 0.40 | 0.24 | 64 | pricier than 36 of 100 peers |
| Sales to price | 0.35 | 0.33 | 52 | pricier than 48 of 100 peers |
| Composite equity issuance, five years | 58.2% | 3.2% | 88 | more equity-funded than 88 of 100 peers |
| Relative strength against the sector, log excess return | (0.00) | (0.23) | 68 | ahead of 68 of 100 peers |
Inputs: market equity $196.9M; EBIT $4.7M; free cash flow $9.3M; book equity $78.1M; sales $68.2M; debt $114,000; cash $3.7M[27].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | 7.8% | ✓ pass[5,7] |
| Operating cash flow above zero | $9.3M | ✓ pass[6] |
| Return on assets improved | 4.8 pts | ✓ pass[5,7,23,28] |
| Operating cash flow exceeds net income | $4.2M | ✓ pass[5-6] |
| Long-term leverage fell | (0.8 pts) | ✓ pass[1,7,23,29-30] |
| Current ratio improved | 117.6 pts | ✓ pass[8-9,21-22] |
| No new shares issued | 11.7% | ✗ fail[25-26] |
| Gross margin improved | n/a | |
| Asset turnover improved | (3.4 pts) | ✗ fail[2,7,14,23] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | n/a |
| Operating cash flow, four quarters | n/a[6,31-34] |
| Months of runway | not finite |
| cash is missing at the end of the latest cash-flow quarter | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 66 |
| 10-Q received Aug 4, 2026 | |
| Median daily dollar volume | $1.9M |
| 63 sessions | |
| Days since newest grade input | 220 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $77.7M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $68.2M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $5.5M | 2022-12-31 | 2023-03-14 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $1.0M | 2022-12-31 | 2024-03-05 | 10-K | filing · viewer · series |
| 5 | net income | us-gaap:NetIncomeLoss | $5.1M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 6 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $9.3M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 7 | assets | us-gaap:Assets | $64.9M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 8 | current assets | us-gaap:AssetsCurrent | $41.9M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 9 | current liabilities | us-gaap:LiabilitiesCurrent | $12.3M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 10 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$81.7M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 11 | operating income | us-gaap:OperatingIncomeLoss | $4.7M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 12 | book equity | us-gaap:StockholdersEquity | $63.8M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 13 | liabilities | us-gaap:Liabilities | $13.9M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:Revenues | $60.8M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:Revenues | $53.2M | 2023-12-31 | 2025-03-04 | 10-K | filing · viewer · series |
| 16 | revenue | us-gaap:Revenues | $37.6M | 2022-12-31 | 2024-03-05 | 10-K | filing · viewer · series |
| 17 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $18,000 | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 18 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $217,000 | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 19 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $5.4M | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 20 | income tax | us-gaap:IncomeTaxExpenseBenefit | $300,000 | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 21 | current assets | us-gaap:AssetsCurrent | $26.9M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 22 | current liabilities | us-gaap:LiabilitiesCurrent | $12.1M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $56.2M | 2023-12-31 | 2025-03-04 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $55.6M | 2022-12-31 | 2024-03-05 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 31,152,603 | 2026-02-28 | 2026-03-03 | 10-K | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 27,901,072 | 2025-02-28 | 2025-03-04 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 33,253,790 | 2026-07-31 | 2026-08-04 | 10-Q | filing · viewer · series |
| 28 | net income | us-gaap:NetIncomeLoss | $1.7M | 2024-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 29 | long term debt | us-gaap:LongTermDebt | $114,000 | 2025-12-31 | 2026-03-03 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebt | $592,000 | 2024-12-31 | 2025-03-04 | 10-K | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.8M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.0M | 2026-03-31 | 2026-05-05 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $7.0M | 2025-09-30 | 2025-11-04 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $2.5M | 2025-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 18.5 is 1.5 points from the nearest band edge; sampling error is 2.1 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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