CXApp Inc. (Nasdaq:CXAI) Reports Q1 2026 Financial Results, Announces Over $5 Million Total Contract Value from Three Major Enterprises Selecting CXAI

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[{"type":"text","content":"Enterprise wins, high recurring revenue mix, strong gross margin and Gartner® Visionary recognition highlight CXAI's positioning as a vertical AI platform for the modern workplace","length":191,"tagName":"p"},{"type":"text","content":"PALO ALTO, CA / ACCESS Newswire / May 13, 2026 / CXApp Inc. (Nasdaq:CXAI), a leader in AI-powered workplace experience platforms, today reported financial results for the first quarter ended March 31, 2026 and announced significant enterprise momentum, including approximately $5 million in total contract value from three major enterprise organizations selecting CXAI following competitive RFPs and product evaluations. The wins, which are largely recurring in nature, reflect increasing demand for CXAI's AI-native workplace platform and its emerging role as a vertical AI operating layer for the office.","length":610,"tagName":"p"},{"type":"text","content":"The commercial momentum follows CXAI being named a Visionary in the inaugural Gartner® Magic Quadrant™ for Workplace Experience Applications (April 2026), which CXAI believes validates its product strategy, enterprise-grade execution and differentiated approach to AI-powered workplace transformation.","length":301,"tagName":"p"},{"type":"text","content":"Q1 2026 Financial Highlights","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue: Revenue for the first quarter of 2026 was approximately $0.95 million. Total bookings for the quarter were approximately $1.4 million, mostly recurring in nature, and are expected to contribute to recognized revenue over the coming quarters.","length":250,"tagName":"p"}]},{"val":[{"type":"text","content":"High-Quality Revenue Mix: Subscription revenue represented approximately 98% of total revenue during the quarter.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross Margin: GAAP gross margin remained strong at approximately 83%.","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong Cash Position: Cash and cash equivalents totaled approximately $12.3 million as of March 31, 2026, compared to approximately $11.1 million at December 31, 2025.","length":167,"tagName":"p"}]},{"val":[{"type":"text","content":"Deferred Revenue Growth: Deferred revenue increased to approximately $2.0 million, reflecting continued enterprise renewals...

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