I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 950 K.
Revenue
Revenue for the first quarter of 2026 was approximately $0.95 million.
Gross Margin
GAAP gross margin remained strong at approximately 83%.
Cash and Cash Equivalents
Cash and cash equivalents totaled approximately $12.3 million as of March 31, 2026, compared to approximately $11.1 million at December 31, 2025.
Total Bookings
Total bookings for the quarter were approximately $1.4 million, mostly recurring in nature.
Subscription Revenue Mix
Subscription revenue represented approximately 98% of total revenue during the quarter.
Deferred Revenue
Deferred revenue increased to approximately $2.0 million.
Total Contract Value (TCV) from New Deals
CXApp Inc. secured approximately $5 million in total contract value from new deals, including multiple multi-year enterprise agreements.
Operational Execution
The Company completed two significant enterprise renewals with upsell opportunities and continued deployment of agentic AI pilot initiatives.
Outlook / Guidance
CXApp Inc. is well positioned to execute against its 2026 priorities, supported by its cash position and increased deferred revenue. The Company expects growth to be driven by recurring software subscriptions, deeper enterprise integrations, and AI-enabled capabilities that expand platform value. CXApp Inc. is focused on converting the 30X+ market opportunity in AI-powered workplace transformation into durable recurring growth by scaling enterprise deployments, expanding agentic workflows, and capturing a larger share of the modern workplace technology stack.