Q2 2026 CXApp Inc Earnings Call Transcript

Aug 13, 2026 / 09:00 PM GMT

Release Date Price: $8.79 (+8.18%)

Transcript 10-Q

Key Points

Positve

Revenue surged 79% sequentially to $1.7 million in Q2, driven by the Engine Room acquisition and strong enterprise renewals.
Annual recurring revenue (ARR) jumped 156% year-over-year to $11.5 million, reflecting a larger, more predictable revenue base.
Net revenue retention improved to 99.3%, demonstrating strong customer loyalty and product stickiness.
Sky 2.0, the agentic AI platform, is now in production with new multi-year, multi-million dollar enterprise wins, including a major financial services client.
The Engine Room acquisition adds over 50 mid-market customers, $8 million in revenue, and $1.6 million in adjusted EBITDA, providing a new distribution channel and cross-sell opportunities.
Operating expenses grew only 5.6% quarter-over-quarter, while revenue grew 79%, indicating early signs of operating leverage.
The company has a clear path to breakeven by the second half of 2027, with a focus on double-digit growth, high recurring revenue, and disciplined expense management.
New product modules like Events and Beat are set to launch, expanding the platform's capabilities and revenue potential.
The company maintains a strong cash position of $11.7 million, with acquisition costs largely paid and future payments tied to an earnout model.
Strategic partnerships with Google Cloud and AWS, including marketplace listings, are expected to accelerate mid-market adoption and reduce time-to-value.

Negative

The company is still loss-making, with cash EBITDA of -$2.68 million in Q2, though improved from -$3 million in Q1.
The Engine Room acquisition only contributed one month of revenue in Q2, so the full impact is yet to be realized.
The company faces integration risks as it combines operations, technology, and teams across different geographies.
The path to profitability depends on executing multiple levers, including cross-selling, productizing AI, and achieving cost synergies, which may take longer than expected.
The company's valuation is based on industry benchmarks, not guidance, and may not reflect actual future performance.
The mid-market expansion strategy is still in early stages, with no proven track record of scaling Sky products to that segment.
The company relies on a small team of ~70 employees to execute a complex global strategy, which could strain resources.
The competitive landscape for agentic AI is intense, with larger players and startups vying for similar enterprise and mid-market opportunities.
The company's revenue growth is partly dependent on the success of new product launches (Events, Beat) that are not yet GA or fully deployed.
The earnout structure for Engine Room could lead to additional costs if growth targets are met, impacting future cash flows.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CXAI.OQ - CXApp Inc
Q2 2026 CXApp Inc Earnings Call
Aug 13, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone, and thank you for joining us for our Q2 earnings call Investor Forum. I want to start a little differently today. Q2 fundamentally changed the trajectory of Sky. For the last several years, we have been building and improving our technology inside some of the world's most demanding enterprises. We build trust, we build proprietary workplace intelligence, and we build the foundation of agentic AI platform. Now we're entering the scaling phase. And this is where I want to do things a little different this quarter. But I want to also tell you as investors the three things I want to take out of today's meeting. Number one, Engine Room transforms our scale and gives us something strategically critical, mid-market distribution. Secondly,

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