AI workplace platform CXApp's Q1 revenue rises on subscriptions strength

CXApp

13/05/2026 21:17

Overview

AI workplace platform's Q1 2026 revenue grew, with 98% from subscriptions

Company secured $5 mln in new enterprise contracts, mostly recurring in nature

GAAP gross margin remained strong at 83% for Q1 2026

Outlook

Company expects growth driven by recurring software subscriptions and deeper enterprise integrations

CXApp sees enterprise demand building and AI adoption accelerating in the workplace technology market

Company believes it is positioned for market expansion as organizations modernize offices with AI-native tools

Result Drivers

ENTERPRISE CONTRACTS - Company secured $5 mln in total contract value from three major enterprise organizations, with deals largely recurring in nature

RECURRING REVENUE - Subscription revenue represented approximately 98% of total revenue during the quarter

ENTERPRISE RENEWALS & UPSELLS - Company completed two significant enterprise renewals with upsell opportunities and continued deployment of agentic AI pilot initiatives

Company press release: ID:nACSlPM1Fa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$950,000
$900,000 (1 Analyst)
Q1 Gross Margin
83.00%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for CXApp Inc is $1.00, about 627.8% above its May 12 closing price of $0.14

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)