CXApp Reports 21% Q1 Revenue Growth, Raises 2026 Guidance to $52M
CXAI•CXApp Inc posted Q1 revenue of $11.9 million, a 21% year-over-year increase driven by a 38% jump in enterprise bookings and net dollar retention of 118%. Management raised full-year 2026 revenue guidance by 10% to $52 million and backlog grew 28%.
1. Q1 Financial Results
CXApp Inc reported Q1 2026 revenue of $11.9 million, up 21% from $9.8 million in Q1 2025. Net dollar retention reached 118%, underscoring strong renewal rates and upsell activity among existing clients.
2. Enterprise Demand and Backlog
Enterprise bookings jumped 38% quarter-over-quarter, reflecting increased adoption of CXApp’s workplace digital experience platform. Backlog expanded 28% to $16.5 million, signaling continued enterprise demand.
3. Guidance and Outlook
Management raised its full-year revenue guidance by 10% to $52 million, citing robust pipeline growth and accelerating deal closures. The company expects gross margins to improve by 200 basis points as scale efficiencies materialize.
