Crexendo, Inc. (CXDO) intrinsic value & 10-year financials
Crexendo, Inc. (CXDO) has a Graham intrinsic value of $5.31 per share. At $5.47 on Oct 17, 2026, the stock trades 3% above that value. Over the last 10 fiscal years revenue grew 25.1% a year to $68.2M, with an average return on invested capital of -22.6%.
- Graham intrinsic value
- $5.31
- Share price (Oct 17, 2026)
- $5.47
- Price vs Graham value
- 3% above
- Market cap
- $173.1M
- Revenue (FY2025)
- $68.2M
- Revenue growth (10-yr CAGR)
- 25.1%
- ROIC (10-yr avg)
- -22.6%
- Free cash flow (FY2025)
- $9.3M
CXDO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $68.2M | $5.1M | $0.16 | $9.3M | 6.9% | 12.7% |
| FY2024 | $60.8M | $1.7M | $0.06 | $6.3M | 3.0% | 4.5% |
| FY2023 | $53.2M | -$362.0K | -$0.01 | $3.4M | -3.2% | -4.5% |
| FY2022 | $37.6M | -$35.4M | -$1.54 | -$700.0K | -99.6% | -72.6% |
| FY2021 | $28.1M | -$2.4M | -$0.00 | -$1.1M | -10.0% | -7.7% |
| FY2020 | $16.4M | $7.9M | $0.00 | — | 6.0% | 18.8% |
| FY2019 | $14.4M | $1.1M | $0.00 | — | 7.9% | 366.0% |
| FY2018 | $11.9M | -$223.0K | -$0.00 | — | -1.7% | -89.8% |
| FY2017 | $10.4M | -$1.0M | -$0.00 | — | -8.0% | -155.1% |
| FY2016 | $9.1M | -$2.8M | -$0.00 | — | -30.3% | -297.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Crexendo, Inc. is a consistent compounder, expanding top-line revenue at 25.0% annually over the past decade.
Crexendo, Inc. has historically struggled to out-earn its cost of capital, averaging just -14.0% ROIC.
Over the decade, Crexendo, Inc. shows that management has aggressively returned capital to shareholders by retiring 99.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Crexendo, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.31 per share.