Business
CXApp Inc. (Nasdaq:CXAI) Reports Q1 2026 Financial Results, Announces Over $5 Million Total Contract Value from Three Major Enterprises Selecting CXAI
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 PALO ALTO, CA / ACCESS Newswire / May 13, 2026 /CXApp Inc.(Nasdaq:CXAI), ...
About this update from Cxapp Inc.
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 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. 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. Q1 2026 Financial Highlights "Our first quarter reflects a highly recurring revenue base, strong gross margin profile and growing traction with enterprise opportunities tied to our agentic AI strategy. With approximately $12.3 million in cash and increased deferred revenue, we believe we are well positioned to execute against our 2026 priorities." Three Enterprise Selections Signal Accelerating Market Demand Three large enterprise organizations have selected the CXAI platform following competitive evaluations involving multiple vendors. The engagements span multi-year agreements with combined operations in more than 100 countries. The deals incorporate volume-tiered pricing models designed to scale as these organizations expand usage across additional locations and employee populations. Why Enterprises Are Choosing CXAI Common factors driving the selection include the platform's AI-native architecture, agentic AI assistant capabilities, and deep enterprise integrations with systems such as Microsoft Exchange, Teams, Active Directory, and Microsoft Places, as well as the breadth of functionality spanning mobile apps, web portals, interactive kiosks, indoor wayfinding, and real-time analytics through CXAI VU. Vertical AI for the Office: From Workplace App to I...