CXApp Inc. (Nasdaq: CXAI) Reports Q1 2026 Financial Results, Announces Over $5 Million Total Contract Value from Three Major Enterprises Selecting CXAI (Form 8-K)

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 / 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."

- Joy Mbanugo, Chief Financial Officer of CXApp Inc.

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 Intelligent Operating Layer

CXAI's platform is purpose-built for the office environment, where employees, visitors, facilities teams and enterprise systems interact every day. By connecting workplace data and workflows, CXAI enables organizations to deliver more personalized experiences, improve utilization, reduce friction and create a more responsive physical workplace.

The Company believes the next phase of workplace technology will be defined by AI that understands context: where people are, what resources are available, which systems need to be coordinated, and how the office can adapt in real time. CXAI's agentic AI capabilities are being developed to help automate routine workplace tasks, surface recommendations, orchestrate integrations and improve the employee and customer experience across complex enterprise environments.

CXAI sits at the intersection of two rapidly expanding markets - digital workplace platforms and enterprise AI agents - which the Company believes represents creating a compounded 30X+ growth opportunity through 2030.

A Scalable Platform for Enterprise Growth

CXAI's revenue model is designed to scale as customers expand deployments across users, locations, integrations and AI-driven workflows. The Company expects growth to be driven by recurring software subscriptions, deeper enterprise integrations and AI-enabled capabilities that expand platform value over time.

Positioned for Market Expansion and Growth

CXAI believes its enterprise traction reflects a broader market shift as organizations modernize the office with AI-native tools that connect people, places, systems and workflows.

"Enterprise AI is moving from horizontal tools to vertical operating layers," said Khurram Sheikh, Chief Executive Officer of CXApp Inc. "With enterprise demand building and AI adoption accelerating, CXAI 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."

About CXApp Inc.

CXApp Inc. is the global technology leader in employee workplace experiences. The Company is headquartered in the SF Bay Area and operates the CXAI platform that is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the workplace for enhanced experiences across people, places and things.

CXAI's customers include major Fortune 1000 Global Companies in the technology, financial services, consumer, healthcare, and media entertainment verticals.

www.cxapp.com

CXApp Inc.: [email protected]