CXApp Reports $3.005 Million Revenue in Q3 2026 as Recurring Income Reaches 93.68%
CXApp reported $3.005 million in third-quarter 2026 revenue, while recurring revenue reached 93.68% of the total. The company also detailed its EngineRoom integration, CXAI Beat testing and financing arrangements.
CXApp Inc. (Nasdaq:CXAI) reported $3.005 million in revenue for the third quarter ended September 30, 2026, representing 77% sequential growth from $1.694 million in Q2 2026. The company said the quarter included a full-quarter contribution from EngineRoom, while its cash EBITDA loss and loss per share both narrowed.
Recurring revenue totalled $2.815 million, equal to 93.68% of third-quarter revenue. That compared with a recurring-revenue mix of 91.91% in Q2 2026. CXApp said recurring revenue grew approximately 81% quarter over quarter, while the mix improved by 177 basis points.
Cash EBITDA loss was approximately $1.7 million, compared with $2.7 million in Q2. The company described the change as a $1.0 million, or 37%, improvement.
Loss per share declined from $0.10 in Q2 2026 to $0.02 in Q3 2026. CXApp said the change represented an improvement of $0.08, or an 80% net reduction in loss, quarter over quarter.
The company also reported an annualized quarterly revenue run rate exceeding $12 million following the EngineRoom acquisition.
CXApp said EngineRoom has expanded its reach beyond blue-chip enterprises into the mid-market and added customer relationships and specialised vertical-market expertise. The company is pursuing enterprise expansion, mid-market and vertical growth, and the commercialisation of agentic AI products.
During the quarter, CXApp reported two Fortune 500 enterprise renewals and a multi-year, multi-million-dollar agreement with a financial-services customer. It also reported mid-market customer retention and expansion.
CXAI Beat reached beta readiness, and initial user testing began this week following customer demonstrations in October. The product is intended to help software teams and business users identify pending work, prepare next steps and carry out actions after human review and approval.
CXApp is targeting commercial go-live in January 2027, subject to successful testing and launch readiness.
CXApp continues to target positive Cash EBITDA and positive operating cash flow by Q3 2027. These are forward-looking statements from the company and are subject to significant risks and uncertainties, including its history of operating losses, the ability to obtain additional financing on acceptable terms, and dilution from existing and future financing arrangements.
The company said its operating plan relies on recurring revenue expansion, AI-enabled automation, shared technology infrastructure, streamlined delivery and cost management. It also identified risks involving customer retention, product adoption, competition, acquisitions including EngineRoom, cybersecurity, regulation and Nasdaq's continued listing requirements.
CXApp's Board has authorised a share repurchase programme of up to $1 million. The company also entered into a conditional 90-day standstill agreement with financing partner Avondale Capital, LLC.
The standstill is temporary and subject to defined conditions. Existing financing obligations remain outstanding, and potential dilution continues. Any repurchases remain discretionary and are subject to liquidity requirements, market conditions and applicable restrictions.
CXApp reported $3.005 million in Q3 2026 revenue, up 77% sequentially from $1.694 million in Q2 2026.
Recurring revenue was $2.815 million, representing 93.68% of total revenue.
Cash EBITDA loss narrowed to approximately $1.7 million from $2.7 million in Q2.
CXAI Beat entered initial user testing, with commercial go-live targeted for January 2027 subject to successful testing and launch readiness.
CXApp continues to target positive Cash EBITDA and positive operating cash flow by Q3 2027, while noting financing obligations and potential dilution remain.
CXApp Inc. announced its financial and operating results for the third quarter ended September 30, 2026. The company reported sequential revenue growth, a higher recurring-revenue mix, narrower cash EBITDA and progress in commercialising its agentic AI products.
CXApp Inc.'s shares trade on Nasdaq under the ticker symbol CXAI.
CXApp Inc. reported revenue of $3.005 million for the third quarter of 2026, up 77% sequentially from $1.694 million in Q2 2026. The company said the increase reflected a full-quarter contribution from EngineRoom.
Recurring revenue was $2.815 million, representing 93.68% of CXApp Inc.'s total revenue in the third quarter of 2026. The recurring-revenue mix was 91.91% in Q2, while recurring revenue grew approximately 81% quarter over quarter and the mix improved by 177 basis points.
CXApp Inc.'s cash EBITDA loss narrowed to approximately $1.7 million in Q3 from $2.7 million in Q2. The company described this as a $1.0 million, or 37%, improvement.
CXApp Inc.'s loss per share declined from $0.10 in Q2 2026 to $0.02 in Q3 2026. The company said this represented an improvement of $0.08, or an 80% net reduction in loss, quarter over quarter.
CXApp Inc. attributed the sequential revenue growth to a full-quarter contribution from the EngineRoom acquisition and expanded operating scale. The company said EngineRoom also broadened its customer reach from blue-chip enterprises into the mid-market and strengthened its recurring-revenue foundation.
CXApp Inc. reported two Fortune 500 enterprise renewals and a multi-year, multi-million-dollar financial-services customer agreement during the quarter. It also reported strong mid-market customer retention and expansion.
CXApp Inc. describes itself as an enterprise agentic AI platform company focused on helping organisations improve productivity, automate workflows and enhance business performance through artificial intelligence. Its platform combines operational intelligence, analytics, workplace technologies and intelligent automation for enterprise and mid-market organisations.
CXApp Inc. continues to target positive Cash EBITDA and positive operating cash flow by Q3 2027, according to the company. Management cautioned that these are forward-looking statements subject to significant risks and uncertainties, including the company's history of operating losses, its ability to obtain additional financing and potential dilution from financing arrangements.
CXApp Inc. is targeting commercial go-live for CXAI Beat in January 2027, subject to successful testing and launch readiness. The product had reached beta readiness, with initial user testing started that week after customer product demos in October.
CXAI Beat is designed to help software teams and business users identify pending work, prepare next steps and execute actions following human review and approval. CXApp Inc. said the product is part of its agentic AI commercialisation efforts.
CXApp Inc.'s Board authorised a share repurchase programme of up to $1 million, and the company entered into a conditional 90-day standstill agreement with financing partner Avondale Capital, LLC. The standstill is temporary and subject to defined conditions; existing financing obligations remain outstanding, potential dilution continues, and any repurchases remain discretionary and subject to liquidity requirements, market conditions and applicable restrictions.