CXApp reports subscription revenue hits 98% of total in fiscal 2025

CXApp Inc. (NASDAQ: CXAI) reported fiscal 2025 results showing subscription revenue reached 98% of total revenue, up from 87% in the prior year. The workplace technology company said gross margins expanded to 87%, a five percentage point increase year-over-year.

The company ended 2025 with $11.1 million in cash and reduced cost of revenues by 55%. More than 70% of CXApp's team focuses on AI development, according to the company's statement.

"Our 2025 results reflect a disciplined strategic transition to a higher-quality, subscription-driven revenue model with strong margin expansion," said Joy Mbanugo, chief financial officer. "While this reset impacted near-term revenue, it significantly strengthened the underlying economics of the business."

CXApp announced the launch of its CXAI Agentic AI Platform for 2026. The platform includes BOND, described as an orchestration layer for workflow execution, and CORTEX, an intelligence engine for predictive analytics.

The company reported having 20 enterprise opportunities in its active pipeline, including formal requests for proposals and strategic initiatives. CXApp said it has filed provisional patents for technologies included in its CXAI 2.0 platform design.

CXApp also announced a strategic partnership with TouchSource to extend its AI platform into more than 11,000 digital directory deployments across office, healthcare, retail and mixed-use properties in North America.

"2026 is our year of acceleration," said Khurram Sheikh, chairman and CEO. "With the launch of the CXAI Agentic AI Platform, we are delivering 'Agentic Force Multipliers' that transform passive data into proactive operational outcomes."

The company will host a conference call on March 31, 2026 at 5:00 PM Eastern Time to discuss the results.

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