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CXAI on Nasdaq

CXApp Inc.

American prepackaged software services company, incorporated in Delaware1

In its 2026 annual report the company says: “CXApp Inc. is a leading provider of AI-powered employee experience solutions, delivering enterprise-grade software that enhances workplace engagement, productivity, and operational efficiency. Our cloud-based, mobile-first platform integrates artificial intelligence, automation, and real-time analytics to streamline workplace interactions across people, spaces, and technology.”4 It is headquartered in Palo Alto, California.1 Its shares trade on Nasdaq under the symbol CXAI.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCXAI on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersPalo Alto, California1
  • Incorporated inDE2
  • Business addressFour Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, Ca 943062
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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CXApp Inc. (“CXApp” or the “Company”) is a leading provider of AI-powered employee experience solutions, delivering enterprise-grade software that enhances workplace engagement, productivity, and operational efficiency. Our cloud-based, mobile-first platform integrates artificial intelligence, automation, and real-time analytics to streamline workplace interactions across people, spaces, and technology. By leveraging advanced mapping, location intelligence, and digital workplace tools, CXApp enables organizations to optimize hybrid work environments and foster meaningful employee experiences.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

87.4%Gross margin5
-383.5%Operating margin5
-294.0%Net margin5
-35.8%Revenue growth, 20255
-96.4%Return on equity5
-$10.4MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Licenses brought in 98% of the revenue CXApp Inc. broke down this way in fiscal 2025.

  1. Licenses$4.5M598%down 28% from 2024
  2. Professional Services$73.0K52%down 91% from 2024
  3. Hardware$30.0K51%down 79% from 2024
Products and services by year
Products and services20242025
Licenses$6.2M$4.5M
Professional Services$798.0K$73.0K
Hardware$142.0K$30.0K

Regions

United States brought in 47% of the revenue CXApp Inc. broke down this way in fiscal 2025.

  1. United States$4.5M547%down 33% from 2024
  2. CA [member]$4.3M545%up 935% from 2024
  3. PH$695.0K57%down 24% from 2024
Regions by year
Regions20242025
United States$6.7M$4.5M
CA [member]$413.0K$4.3M
PH$917.0K$695.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue8¢$578.0K
  • Research and development91¢$6.6M
  • Interest0¢$2.0K
  • Income tax1¢$46.0K

Out of $4.6M in revenue.5 The company lost money this year.

Financial statements

Revenue5$4.6M in 2025−36% since 2024
0$2.0M$4.0M$6.0M$8.0M2024: $7.1M$7.1M20242025: $4.6M$4.6M2025−36%
Gross profit65$4.0M in 2025−29% since 2023
0$2.0M$4.0M$6.0M2023: $5.6M$5.6M20232024: $5.9M$5.9M2024+4%2025: $4.0M$4.0M2025−32%
Operating income75-$17.6M in 2025+1073% since 2021
-$20.0M-$15.0M-$10.0M-$5.0M02021: -$1.5M-$1.5M20212022: -$3.0M-$3.0M2022+97%2024: -$13.7M-$13.7M2024+366%2025: -$17.6M-$17.6M2025+28%
Net income75-$13.5M in 2025
-$20.0M-$10.0M0$10.0M2021: $9.2M$9.2M20212022: $8.3M$8.3M2022−9%2024: -$19.4M-$19.4M20242025: -$13.5M-$13.5M2025−31%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenues$4.6M$7.1M
Cost of Revenues$578.0K$1.3M
Gross Profit$4.0M$5.9M
Research and development$6.6M$6.4M
Sales and marketing$2.1M$3.2M
General and administrative$8.0M$7.2M
Amortization of intangible assets$2.7M$2.7M
Impairment of goodwill$2.1M$0
Total Operating Expenses$21.6M$19.6M
Loss from Operations-$17.6M-$13.7M
Interest expense, net-$701.0K-$1.8M
Change in fair value of derivative liability$4.5M-$3.2M
Loss on debt extinguishment-$48.0K-$1.1M
Other income (expense), net$259.0K-$342.0K
Total Other Income (Expense)$4.1M-$6.3M
Loss, before tax-$13.5M-$20.0M
Deferred income tax benefit$46.0K$635.0K
Net Loss-$13.5M-$19.4M
Unrealized foreign exchange gain (loss) from cumulative translation adjustments-$246.0K$301.0K
Comprehensive Loss-$13.7M-$19.1M

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Corporate structure

CXApp Inc. sits at the top of its group. 5 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CXApp Inc.

  • CXApp Inc. Palo Alto, California
    • CXApp Canada, Inc. Subsidiary · British Columbia, Canada
    • CXApp Holding Corp. Subsidiary · Delaware, United States
    • CXApp Philippines, Inc. Subsidiary · Philippines
    • CXApp US, Inc. Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CXApp Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$225.0K5 Dec 31, 2025$192.0K5 Dec 31, 2024+17.2%
Accumulated depreciation$186.0K5 Dec 31, 2025$128.0K5 Dec 31, 2024+45.3%
Property and equipment, net$39.0K5 Dec 31, 2025$64.0K5 Dec 31, 2024−39.1%
Operating-lease assets (leased space)$224.0K5 Dec 31, 2025$465.0K5 Dec 31, 2024−51.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$11.1M5 Dec 31, 2025$4.9M5 Dec 31, 2024+127.5%
Deposits held (banks)$250.0K5 Dec 31, 2025$4.4M5 Dec 31, 2024−94.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$6.6M5 Dec 31, 2025$8.7M5 Dec 31, 2024−24.6%
Intangible assets, net (excluding goodwill)$12.7M5 Dec 31, 2025$15.4M5 Dec 31, 2024−17.7%
Finite-lived intangibles, gross$20.3M5 Dec 31, 2025$20.3M5 Dec 31, 20240%
Accumulated amortization-$7.6M5 Dec 31, 2025-$4.9M5 Dec 31, 2024−55.8%
Finite-lived intangibles, net$12.7M5 Dec 31, 2025$18.1M11 Dec 31, 2023−30.1%

Properties, in its own words

Our executive offices are located at Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA 94306 and our telephone number is 650-785-7171. Through our subsidiary CXApp US, Inc., we lease additional office space in San Ramon, California. We also lease office space in Alabang, Philippines and Ontario, Canada through our subsidiary CXApp Philippines, Inc. and CXApp Canada, Inc., respectively.

The Company believes that the office facilities are sufficient for the foreseeable future and this arrangement will remain until we find a new business opportunity.

Item 2 of the 10-K filed Mar 30, 2026.4

Leadership

Who has led CXApp Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Khurram P. Sheikh2023–now

Chief financial officer

  1. Michael D. Angel2023
  2. Joy Mbanugo2024–now
2025
Board members and other officers (10)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CXApp Canada, Inc. British Columbia3
  • CXApp Holding Corp. Delaware3
  • CXApp Philippines, Inc. Philippines3
  • CXApp US, Inc. California3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • KINS Technology Group, Inc.Aug 14, 2020 to Mar 15, 20232

Timeline

  1. Sep 3, 20268-K Listing notice or transfer; Regulation FD disclosure24
  2. Aug 19, 20268-K Completed an acquisition or sale25
  3. Aug 14, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events26
  4. Jul 6, 20268-K Change of auditor; Executive or director change27
  5. Jun 23, 20268-K Shareholder vote28
  6. Jun 3, 20268-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure29
  7. Jun 3, 20268-K Unregistered sale of shares30
  8. May 28, 20268-K Unregistered sale of shares31
  9. May 13, 20268-K Results of operations; Regulation FD disclosure32
  10. Apr 17, 20268-K Unregistered sale of shares33
  11. Apr 10, 20268-K Unregistered sale of shares34
  12. Mar 26, 20268-K Unregistered sale of shares35
  13. Mar 31, 2023New chief executive Khurram P. Sheikh becomes CEO12

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202636

When it reported results

  1. May 13, 2026Reported quarterly or annual results32
  2. May 20, 2025Reported quarterly or annual results37
  3. Apr 7, 2025Reported quarterly or annual results38

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

240 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 48 major events, 42 insider forms, 29 large holders, 97 other. The latest 20:

  1. Sep 3, 20268-K EDGAR
  2. Aug 19, 20268-K/A EDGAR
  3. Aug 14, 202610-Q EDGAR
  4. Aug 14, 20268-K EDGAR
  5. Aug 12, 2026SCHEDULE 13G/A EDGAR
  6. Jul 6, 20268-K EDGAR
  7. Jul 2, 2026SCHEDULE 13G EDGAR
  8. Jun 24, 20264 EDGAR
  9. Jun 23, 20264 EDGAR
  10. Jun 23, 20264 EDGAR
  11. Jun 23, 20264 EDGAR
  12. Jun 23, 20264 EDGAR
  13. Jun 23, 20264 EDGAR
  14. Jun 23, 20268-K EDGAR
  15. Jun 3, 20268-K EDGAR
  16. Jun 3, 20268-K EDGAR
  17. May 28, 20268-K EDGAR
  18. May 13, 20268-K EDGAR
  19. May 13, 202610-Q EDGAR
  20. May 7, 2026DEFA14A EDGAR

The 240 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 0 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 13, 2024EISNOR DI-ANNDirectorSale15,000$3.38$50.7KForm 4
Sep 8, 2023EISNOR DI-ANNDirectorSale3,000$3.28$9.8KForm 4
Sep 8, 2023Sheikh Khurram PChief Executive OfficerSale38,190$3.39$129.5KForm 4
Sep 7, 2023MARTINO CAMILLODirectorSale2,450$3.52$8.6KForm 4
Sep 7, 2023EISNOR DI-ANNDirectorSale2,600$3.52$9.2KForm 4
Sep 7, 2023Sheikh Khurram PChief Executive OfficerSale11,810$3.51$41.5KForm 4
Aug 12, 2022Cubist Systematic Strategies, LLCSale143,000$10.05$1.4MForm 4
Aug 11, 2022Cubist Systematic Strategies, LLCSale5,000$10.11$50.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Khurram P. Sheikh55$325.0K$1.0M53
2025Joy L. Mbanugo$250.0K$410.0K53
2024Chief Executive Officer$325.0K$1.1M53
2024Chief Financial Officer$92.9K$678.4K53

SEC filer profile

How CXApp Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCXApp Inc.1
  • CIK0001820875
  • Employer ID (EIN)85-21049184
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressFour Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA 943061
  • Phone(650) 999-40091
  • Shares outstanding116,870,315 as of Aug 12, 20269
  • Public float$22.9M as of Jun 30, 20254
  • AuditorWithumSmith+Brown, PC, San Francisco, CA PCAOB ID 100; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 14, 20201
  • Filings282 in all: 8-K (52), 4 (35), 424B3 (26), CORRESP (24), 10-Q (17), 3 (13), SC 13G (13), SC 13G/A (13)1
    All 38 form types

    UPLOAD (12), S-1/A (9), 10-K (6), 425 (6), DEF 14A (5), EFFECT (5), 10-K/A (4), NT 10-Q (4), PRE 14A (4), S-1 (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), S-4/A (3), NT 10-K (2), S-8 (2), 10-Q/A (1), 144 (1), 25-NSE (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFA14A (1), DRS (1), RW (1), S-1MEF (1), S-3 (1), S-4 (1), S-4MEF (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) May 7, 2026
    Latest 8-K (8-K) Sep 3, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, $0.0001 par value per shareCXAIThe Nasdaq Stock Market LLC
Warrants to purchase Class A common stockCXAIWThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CXApp Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 54 risks under these headings, as written.4

  • Risks Relating to our Operations.
  • Risks Relating to our Growth
  • Risks Relating to our Personnel
  • Risks Relating to our Intellectual Property
  • Risks Related to Ownership of our Securities
  • Risks Related to our Accounting Policies
  • Risks Related to Cybersecurity Threats
  • Risks Related to our Industry
  • Risks Related to External Factors and Third Parties
  • Risks Relating to our Operations
  • We have a history of operating losses and there is no assurance that we will ever be able to earn sufficient revenue to achieve profitability or raise additional financing to successfully operate our business plan.
  • Failure to manage or protect growth may be detrimental to our business because our infrastructure may not be adequate for expansion.
The other 51 risks
  • Insurance and contractual protections may not always cover lost revenue, increased expenses, or liquidated damages payments, which could adversely affect our financial results.
  • Adverse judgments or settlements in legal proceedings could materially harm our business, financial condition, operating results, and cash flows.
  • Any future acquisitions that we may make could disrupt our business, cause dilution to our stockholders and harm our business, financial condition or operating results.
  • The growth of our business is dependent on increasing sales to our existing customers and obtaining new customers, which, if unsuccessful, could limit our financial performance.
  • If we are unable to sell additional products and services to our customers and increase our overall customer base, our future revenue and operating results may suffer.
  • We may need additional cash financing and any failure to obtain cash financing, could limit our ability to grow our business and develop or enhance our service offerings to respond to market demand or competitive challenges.
  • If we cannot collect our receivables or if payment is delayed, our business may be adversely affected by our inability to generate cash flow, provide working capital, or continue our business operations.
  • Defects, errors, or vulnerabilities in our products or services or the failure of such products or services to prevent a security breach, could harm our reputation and adversely affect our results of operations.
  • Our current research and development efforts may not produce successful products or features that result in significant revenue, cost savings or other benefits in the near future. If we do not realize significant revenue from our research and development efforts, our business and results of operations may be adversely affected.
  • We will need to increase the size of our organization, and we may experience difficulties in managing growth, which could hurt our financial performance.
  • Our business depends on experienced and skilled personnel, and if we are unable to attract and integrate skilled personnel, it will be more difficult for us to manage our business and complete contracts.
  • We may be subject to damages resulting from claims that we or our employees have wrongfully used or disclosed alleged trade secrets of their former employers.
  • The loss of key personnel may adversely affect our operations.
  • If we do not adequately protect our intellectual property rights, we may experience a loss of revenue, and our operations and growth prospects may be materially harmed.
  • We could incur substantial cost in protecting our proprietary software technology and if we fail to protect our technology, we could incur material harm to our business.
  • We could be subject to claims that we infringe intellectual property rights of others, which could harm our business, financial condition, results of operations or cash flows.
  • Risks Relating to Ownership of our Securities
  • The market price of our common stock may be volatile and fluctuate substantially, which could cause the value of your investment to decline.
  • We do not intend to pay dividends on our common stock, so any returns will be substantially limited to the value of our common stock.
  • If securities analysts do not publish research or reports about our business or if they publish inaccurate or unfavorable research about our common stock, the stock price and trading volume of our common stock could decline.
  • Any future sales or offerings of our common stock may cause substantial dilution to stockholders and could cause the price of our common stock to decline.
  • Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
  • Our Charter designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
  • The requirements of being a public company, including compliance with the reporting requirements of the Exchange Act and the Nasdaq stock exchange, require significant resources, increase our costs and distract our management, and we may be unable to comply with these requirements in a timely or cost-effective manner. We have incurred increased costs as a result of operating as a public company and our management has devoted substantial time to compliance initiatives.
  • If we fail to meet the continued listing standards of Nasdaq, our common stock may be delisted, which could have a material adverse effect on the liquidity and market price of our common stock and expose the Company to litigation.
  • Risks Relating to our Accounting Policies
  • Changes in accounting principles and guidance, or their interpretation or implementation, may materially adversely affect our reported results of operations or financial position.
  • Revenue forecasting is uncertain, and the failure to meet our forecasts could result in a decline in our stock price.
  • If our goodwill or amortizable intangible assets become impaired, we have been and may be required to record a significant charge to earnings.
  • If we fail to maintain effective internal control over financial reporting, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect the Company’s business and share price.
  • Risks Relating to Cybersecurity Threats
  • Internal system or service failures could disrupt our business and impair our ability to effectively provide our services and products to our customers, which could damage our reputation and adversely affect our revenues and profitability.
  • Any failures or interruptions in our services or systems could damage our reputation and substantially harm our business and results of operations.
  • Digital threats such as cyber-attacks, data protection breaches, computer viruses or malware may disrupt our operations, harm our operating results and damage our reputation, and cyber-attacks or data protection breaches on our customers’ networks, or in cloud-based services provided by or enabled by us, could result in liability for us, damage our reputation or otherwise harm our business.
  • Integration of artificial intelligence into our product offerings and our use of artificial intelligence in our operations could result in reputational or competitive harm, legal liability, and other adverse effects on our business.
  • We intend to use and leverage open-source technology which may create risks of security weaknesses.
  • Risks Relating to our Customers
  • A delay in the completion of our customers’ budget processes could delay purchases of our products and services and have an adverse effect on our business, operating results and financial condition.
  • We rely on a limited number of key customers, the importance of which may vary dramatically from year to year, and a loss of one or more of these key customers may adversely affect our operating results.
  • Risks Relating to our Industry
  • Our competitiveness depends significantly on our ability to keep pace with the rapid changes in our industry. Failure to anticipate and meet our customers’ technological needs could adversely affect our competitiveness and growth prospects.
  • We operate in a highly competitive market, and we may be required to reduce the prices for some of our products and services to remain competitive, which could adversely affect our results of operations.
  • If our products fail to satisfy customer demands or to achieve increased market acceptance our results of operations, financial condition and growth prospects could be materially adversely affected.
  • We may not be able to develop new products or enhance our product to keep pace with our industry’s rapidly changing technology and customer requirements.
  • Risks Relating to External Factors and Third Parties
  • We may enter into joint ventures, teaming and other arrangements, and these activities involve risks and uncertainties. A failure of any such relationship could have material adverse results on our business and results of operations.
  • Our business and operations expose us to numerous legal and regulatory requirements and any violation of these requirements could harm our business.
  • Global events and other general economic factors may impact our results of operations.
  • Our businesses, results of operations and financial condition could be adversely affected by ongoing international conflicts and related disruptions in the global economy.
  • Our international business exposes us to geo-political and economic factors, legal and regulatory requirements, public health and other risks associated with doing business in foreign countries.
  • Difficult conditions in the global capital markets and the economy generally may materially adversely affect our business and results of operations, and we do not expect these conditions to improve in the near future.
  • Changes in U.S. administrative policy, including changes to existing trade agreements and any resulting changes in international relations, could adversely affect our financial performance and supply chain economics.
  • Domestic and foreign government regulation and enforcement of data practices and data tracking technologies is expansive, broadly defined and rapidly evolving. Such regulation could directly restrict portions of our business or indirectly affect our business by constraining our customers’ use of our technology and services or limiting the growth of our markets.
  • If our customers fail to abide by applicable privacy laws or to provide adequate notice and/or obtain any required consent from end users, we could be subject to litigation or enforcement action or reduced demand for our services.
  • Any actual or perceived failure to comply with our privacy policy or legal or regulatory requirements in one or multiple jurisdictions could result in proceedings, actions or penalties against us.
  • Changes in U.S. and foreign government administrative policy, including the imposition of or increases in tariffs and changes to existing trade agreements could have a material adverse effect on us.
  • Evolving and changing definitions of what constitutes “Personal Information” and “Personal Data” within the EU, the United States and elsewhere, may limit or inhibit our ability to operate or expand our business, including limiting technology alliance partners that may involve the sharing of data.

Legal proceedings

We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us or any of our officers or directors in their corporate capacity.

The opening of Item 3, Legal Proceedings.4

Sources

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