Crexendo Inc 2026年季度报告

FORM 10-Q________________________ (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ________ to ________. Commission file number 001-32277 Crexendo, Inc. (Exact name of registrant as specified in its charter) 85288(Zip Code) 1225 West Washington Street, Suite 213, Tempe, AZ(Address of Principal Executive Offices) (602) 714-8500(Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports) and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (check one). Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐(Do not check if a smaller reporting company)Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒. The number of shares outstanding of the registrant’s common stock as of April 30, 2026 was 32,415,373. INDEX PART I – FINANCIAL INFORMATION Item 1.Condensed Consolidated Financial Statements.3Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32Item 3.Quantitative and Qualitative Disclosures about Market Risk46Item 4.Controls and Procedures46PART II - OTHER INFORMATIONItem 1.Legal Proceedings47Item 1A. Risk Factors47Item 2.Unregistered Sales of Equity Securities and Use of Proceeds47Item 6.Exhibits48Signatures49 PART I - FINANCIAL INFORMATION ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. CREXENDO, INC. AND SUBSIDIARIESCondensed Consolidated Balance Sheets(Unaudited, in thousands, except par value and share data) Liabilities and Stockholders' EquityCurrent liabilities: CREXENDO, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Comprehensive Income/(Loss)(Unaudited, in thousands) Three Months EndedMarch 31, The accompanying notes are an integral part of the condensed consolidated financial statements. CREXENDO, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Stockholders' EquityThree Months Ended March 31, 2026 and 2025(Unaudited, in thousands, except share data) CREXENDO, INC. AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(Unaudited, in thousands) CREXENDO, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements(unaudited, in thousands, except per share and share data) 1. Significant Accounting Policies Description of Business –Crexendo, Inc. is incorporated in the state of Nevada. As used hereafter in the notes to condensedconsolidated financial statements, we refer to Crexendo, Inc. and its wholly owned subsidiaries, as “we,” “us,” or “our Company.”Crexendo, Inc. is an award-winning software technology company that is a premier provider of cloud communication platformsoftware and unified communications as a service (UCaaS) offerings, including voice, video, contact center, premise systems, andmanaged IT services tailored to businesses of all sizes. Our cloud communications software solutions currently support over sevenmillion end users globally, through an extensive network of over 245 cloud communication platform software subscribers and ourdirect retail offering. The Company has two operating segments, which consist of Cloud Telecommunications and Software Solutions. Basis of Presentation –The condensed consolidated financial statements include the accounts and operations of Crexendo,Inc. and its wholly owned subsidiaries, which include Allegiant Networks, LLC, Crexendo Business Solutions, Inc., Estech Systems,LL