CXApp Q2 revenue rises 79% sequentially, annual recurring revenue jumps

CXApp

13/08/2026 21:51

Overview
US enterprise AI software firm's Q2 revenue grew 79% sequentially and 42% yr/yr
Annual recurring revenue increased to $11.5 mln, net revenue retention at 99.3%
Company completed EngineRoom acquisition, expanding mid-market reach and recurring revenue base

Outlook
CXApp aims to expand enterprise customer base and cross-sell solutions to mid-market clients

Result Drivers
ENGINEROOM ACQUISITION - Co said EngineRoom deal expanded recurring revenue base, customer reach and mid-market distribution
ENTERPRISE RENEWALS & NEW WINS - Co secured two major enterprise renewals and a new multi-year financial services contract
CXAI 2.0 DEPLOYMENT - Co advanced CXAI 2.0 platform from strategy to production deployment for all enterprise clients

Company press release: ID:nACSbF8lza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.70 mln
$1.20 mln (1 Analyst)

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 515.4% above its August 12 closing price of $0.16

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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.)