CXApp Inc. (NASDAQ: CXAI) reported first quarter 2026 revenue of approximately $950,000 and announced securing approximately $5 million in total contract value from three enterprise organizations, according to the company's May 13 earnings statement.

The workplace experience platform provider recorded total bookings of approximately $1.4 million for the quarter, with subscription revenue representing 98% of total revenue. Gross margin reached 83% on a GAAP basis.

Cash and cash equivalents totaled approximately $12.3 million as of March 31, 2026, compared to $11.1 million at December 31, 2025. Deferred revenue increased to approximately $2.0 million.

The three enterprise contracts span multi-year agreements with organizations operating in more than 100 countries combined. The deals incorporate volume-tiered pricing models designed to scale with expanded usage across locations and employee populations.

"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," said Joy Mbanugo, Chief Financial Officer.

CXApp was named a Visionary in Gartner's inaugural Magic Quadrant for Workplace Experience Applications in April 2026. The company's platform integrates with Microsoft Exchange, Teams, Active Directory, and Microsoft Places.

"Enterprise AI is moving from horizontal tools to vertical operating layers," said Khurram Sheikh, Chief Executive Officer. "CXAI is focused on converting the 30X+ market opportunity in AI-powered workplace transformation into durable recurring growth."

The company completed two enterprise renewals with upsell opportunities during the quarter and continued deployment of agentic AI pilot initiatives.