Transcript: CXApp Q1 2026 Earnings Conference Call

CXApp (NASDAQ: CXAI ) held its first-quarter earnings conference call on Wednesday. Below is the complete transcript from the call. This content is powered APIs. 02 million in Q4, attributed to the timing of new deal closures.

5% year over year, with notable wins including three enterprise deals valued at $5 million across three-year terms. 3 million, reflecting better working capital management. 0 platform and mid-market expansion through its Sky Sky platform. The company highlighted a strong partnership with Google Cloud, utilizing Google's Looker platform to enhance analytics capabilities.

Management noted recognition from Gartner as a visionary in the enterprise workplace Magic Quadrant as a key strategic validation. Future outlook emphasizes growth through AI native monetization, new enterprise wins, and mid-market channel expansion. Full Transcript OPERATOR Welcome to the CXApp Inc first quarter 2026 earnings call. At this time, all participants are in a listen-only mode.

If you would like to ask a question during this presentation, you can submit a question at this time by clicking the Ask Question button on the left of your screen. Type your question into the box and hit the Send button to submit your question. I will now turn the conference over to your host, Khurram Sheikh, Chairman and CEO. You may begin.

Khurram Sheikh, Founder, Chairman & CEO Thank you, John. Good afternoon everyone and thank you for joining CXApp Inc's Q1 2026 earnings call. I'm also joined on the call by our CFO, Joy Mbanugo. This quarter represents an important step forward for CXApp Inc.

We're not simply building workplace software. We are building an AI-driven orchestration layer for the modern enterprise. The enterprise workplace is changing quickly. Companies are looking for platforms that can connect employees, spaces, assets, services, workflows, and data into one intelligent system.

This is exactly where CXApp Inc is positioned. Our message today is clear. Enterprise demand is increasing, our product roadmap is accelerating, our monetization model is expanding, and we believe CXApp Inc is positioned to convert that demand into recurring, margin-protected revenue growth. With that, I'm going to start going through the disclaimer slides.

I want to remind everybody that today's presentation includes forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties. Please review our SEC filings for a complete discussion on those risks. We will also reference certain financial information, including non-GAAP measures and market data.

We believe these metrics help investors understand our operating performance and the direction of the business, but they should be reviewed together with our GAAP results and public filings. By the way, we have also filed our 10-Q for Q1, so you should be able to see that parallel to this presentation. Let me start with the scale of CXApp Inc. Today we are deployed across more than 200 cities, over 50 countries, and 5 continents, reaching more than a million users.

We have a global operating footprint, a strong IP foundation, and a team that remains heavily focused on product and engineering. With more than 70% of our team in R&D, that is important because enterprise AI is not just about launching an assistant. It requires secure deployment, trusted integrations, global scalability, support infrastructure, and domain-specific intelligence. Our installed base and global platform footprint create a foundation for future expansion.

We believe growth can come from new enterprise wins, renewals, user expansion, analytic modules, integration, AI consumption, and the launch of Sky, our flagship Agentic AI solution. You're going to hear about that today. But I just want to recap that we are still doing really well with all our customers. We're growing, and it's been a really exciting quarter.

So let me forward to the next slide where we talk about our mission. Our mission is really to power the AI orchestration layer for the modern enterprise. As you know, we've been talking about people, places, and things for a while, and I know that the team has seen a lot of growth in the way our customers are responding to our vision. Our mission becomes more and more important every day as we work with our clients.

Today I want to launch this new mission, which is really at the heart of where our Agentic AI solution drives. CXApp Inc connects people, places, assets, workflows, and enterprise context into one intelligent platform. That means the workplace is no longer just a static environment. It becomes a system that can understand, decide, and act.

This is the evolution from workplace experience to workplace intelligence. We've seen that now, with Gartner recognizing us as one of the leaders in the workplace industry and calling us the workplace visionary leader. I think that's testament to the team's strategy and vision, but now also the execution. We believe the future of enterprise work will be shaped by platforms that can connect context with action.

CXApp Inc is being built for that future. As we become more deeply embedded into enterprise workflows, we believe our revenue opportunity expands beyond software licensing into workflow automation, AI usage analytics, and recurrent integrations. Let me show you a video that describes the user experience and why we think CXApp Inc is going to be that operating layer for the enterprise. Okay, great.

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