CXAI · CXApp Inc.

CXApp Inc. announced its Q1 2026 financial results via Exhibit 99.1, highlighting revenue of approximately $0.95 million, predominantly from subscriptions at 98% of total, underscoring a high-quality recurring revenue mix. The GAAP gross margin of 83% reflects strong operational efficiency in delivering its AI-powered workplace experience platform. Total bookings reached $1.4 million, mostly recurring, signaling robust demand and future revenue potential. A standout achievement was securing over $5 million in total contract value from three major enterprises after competitive RFPs, featuring multi-year agreements across more than 100 countries with volume-tiered pricing for scalability. Balance sheet strength is evident with cash at $12.3 million, up from $11.1 million at year-end 2025, and deferred revenue rising to $2.0 million from renewals and new deals. Management, including CFO Joy Mbanugo, emphasized the recurring revenue base, gross margin profile, and positioning for 2026 priorities amid agentic AI strategy. CEO Khurram Sheikh highlighted enterprise AI shifts toward vertical operating layers, with CXAI's integrations (Microsoft Exchange, Teams, etc.) and Gartner Visionary recognition driving selection. These wins and financials position CXAI to capitalize on digital workplace and enterprise AI markets through scalable subscriptions and expanding deployments.