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8x8, Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results

May 19, 2026 4:05 PM

CAMPBELL, Calif.--(BUSINESS WIRE)-- 8x8, Inc. (NASDAQ: EGHT), a leading global business communications platform provider, today reported financial results for the fourth quarter and fiscal year 2026 ended March 31, 2026.

“Fiscal 2026 marked a turning point for 8x8. We delivered four consecutive quarters of revenue growth, achieved our first GAAP-profitable full fiscal year since 2015, strengthened our balance sheet, and continued expanding our platform capabilities for an era of AI-driven customer engagement,” said Samuel Wilson, Chief Executive Officer at 8x8, Inc. “As AI reshapes enterprise communications, organizations require open, integrated platforms capable of orchestrating trusted interactions across voice, messaging, APIs, workflows, and AI-driven engagement at global scale.

“AI is changing the architecture and economics of customer engagement in real time,” Wilson continued. “The challenge is delivering interactions that are trusted, intelligent, seamless, and scalable across both human and AI-driven engagement. More than 5 billion digital interactions flowed across 8x8 communication APIs during fiscal 2026, and that scale, combined with our global communications infrastructure and open AI architecture, positions us favorably for the next generation of customer engagement. Customers do not want to be locked into yesterday’s AI model or a closed ecosystem. They want agile, open platforms that can evolve as quickly as innovation itself while helping them deliver better customer experiences, build trust, and strengthen customer loyalty. This is what we are building.”

Fiscal Year 2026 Financial Results:

Fourth Quarter Fiscal 2026 Financial Results:

A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures and other information relating to non-GAAP measures is included in the supplemental reconciliation at the end of this release.

Recent Business Highlights:

Platform Innovation Highlights

8x8 continued to focus on closing the operational gaps that most commonly stall CX and IT teams with new capabilities added to the 8x8 Platform for CX. Recent innovations include:

Industry Recognition

First Quarter and Fiscal 2027 Financial Outlook

Management provides expected ranges for total revenue, service revenue, non-GAAP operating margin, non-GAAP net income per share, diluted, and cash flow from operations based on its evaluation of the current business environment. The Company emphasizes that these expectations are subject to various important cautionary factors referenced in the section entitled “Forward-Looking Statements” below.

“Our guidance reflects both the macro and geopolitical uncertainty in the current environment and a continued mix shift toward usage-based revenue, the part of our business tied to AI adoption and communications APIs, where customer demand is strongest,” said Kevin Kraus, Chief Financial Officer at 8x8, Inc. “We expect this shift to continue and we are actively working to expand gross margins within this portfolio. As the usage business scales, we believe it supports our ability to grow operating income in dollars and strengthen cash flow over time.”

First Quarter Fiscal 2027 Ending June 30, 2026

Fiscal Year 2027 Ending March 31, 2027

The Company does not reconcile its forward-looking estimates of non-GAAP operating margin to the corresponding GAAP measure of GAAP operating margin or non-GAAP net income per share, basic and diluted, to the corresponding GAAP measure of GAAP net income (loss) per share due to the significant variability of, and difficulty in making accurate forecasts and projections with regards to, the various expenses excluded by these metrics. For example, future hiring and employee turnover may not be reasonably predictable, stock-based compensation expense depends on variables that are largely not within the control of nor predictable by management, such as the market price of 8x8 common stock, and may also be significantly impacted by events like acquisitions, the timing and nature of which are difficult to predict with accuracy. The actual amounts of these excluded items could have a significant impact on the Company's GAAP operating margin and GAAP net income (loss) per share, basic and diluted. Accordingly, management believes that reconciliations of these forward-looking non-GAAP financial measures to their corresponding GAAP measures are not available without unreasonable effort. See the “Explanation of GAAP to Non-GAAP Reconciliation” below for the definition of non-GAAP operating margin and non-GAAP net income per share, basic and diluted.

All projections are on a non-GAAP basis. Additionally, our increased emphasis on profitability and cash flow generation may not be successful. The reduction in our total costs as a percentage of revenue may negatively impact our revenue and our business in ways we don't anticipate and may not achieve the desired outcome.

Conference Call Information:

Management will host a conference call to discuss earnings results on May 19, 2026 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The conference call is expected to last approximately 60 minutes. Participants may:

Participants should plan to dial in or log on 10 minutes prior to the start time. The webcast will be archived on 8x8's website for a period of at least 30 days. For additional information, visit https://www.investors.8x8.com/.

About 8x8 Inc.

8x8, Inc. (NASDAQ: EGHT) connects people and organizations through seamless communication on one of the industry's most integrated platforms for Customer Experience—combining Contact Center, Unified Communication, and CPaaS solutions. The 8x8® Platform for CX integrates AI to enable personalized customer journeys, drive operational excellence and insights, and facilitate team collaboration. As a business communications leader, the company helps customer experience and IT leaders around the world become the heartbeat of their organizations, empowering them to unlock the potential of every interaction. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, X, and Facebook.

Copyright 2026 8x8, Inc. 8x8, Engage and associated brand assets are trademarks of 8x8, Inc. All rights reserved. GARTNER and PEER INSIGHTS are registered trademarks and service marks of Gartner, Inc. and/or its affiliates. All rights reserved.

Caution Concerning Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding: changing industry trends; market opportunities; the potential success and impact of our investments in artificial intelligence technologies; our ability to drive increased platform and multi-product adoption; our ability to increase profitability and cash flow; our position in the market and the direction of our innovation; the expected capabilities, availability and customer reception of our products and services and our financial outlook, revenue growth, and profitability.

You should not place undue reliance on such forward-looking statements. Actual results could differ materially from those projected in forward-looking statements depending on a variety of factors, including, but not limited to: customer adoption and demand for our products may be lower than we anticipate; the impact of economic downturns on us and our customers; ongoing volatility and conflict in the political environment; general inflationary pressures; competitive dynamics of the cloud communication and collaboration markets, including voice, contact center, video, messaging, and communication application programming interfaces, as well as our competitors' use of AI, in which we compete, may change in ways we are not anticipating; third parties may assert ownership rights in our IP, which may limit or prevent our continued use of the core technologies behind our solutions; our customer churn rate may be higher than we anticipate; and our investments in new products and acquisitions may not generate the revenue or efficiencies that we expect. As a result, we could fail to meet the revenue or operating margin targets we forecast in our guidance, for a particular quarter or for the full fiscal year. Our increased emphasis on profitability and cash flow generation may not be successful; and the reduction in our total costs as a percentage of revenue may negatively impact our revenue and our business in ways we do not anticipate and may not achieve the desired outcome.

For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's reports on Forms 10-K and 10-Q, as well as other reports that 8x8, Inc. files from time to time with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and 8x8, Inc. undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Explanation of GAAP to Non-GAAP Reconciliation

The Company has provided in this release financial information that has not been prepared in accordance with Generally Accepted Accounting Principles (GAAP). Management uses these Non-GAAP financial measures internally to understand, manage, and evaluate the business, and to make operating decisions. Management believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. Management also believes that some of 8x8’s investors use these Non-GAAP financial measures as an additional tool in evaluating 8x8's "core operating performance" in the ordinary, ongoing, and customary course of the Company's operations. Core operating performance excludes items that are non-cash, not expected to recur, or not reflective of ongoing financial results. Management also believes that looking at the Company’s core operating performance provides consistency in period-to-period comparisons and trends.

These Non-GAAP financial measures may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies, which limits the usefulness of these measures for comparative purposes. Management recognizes that these Non-GAAP financial measures have limitations as analytical tools, including the fact that management must exercise judgment in determining which types of items to exclude from the Non-GAAP financial information. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these Non-GAAP financial measures to their most directly comparable GAAP financial measures in the table titled "Reconciliation of GAAP to Non-GAAP Financial Measures". Detailed explanations of the adjustments from comparable GAAP to Non-GAAP financial measures are as follows:

Non-GAAP Costs of Revenue, Costs of Service Revenue and Costs of Other Revenue

Non-GAAP Costs of Revenue includes: (i) Non-GAAP Cost of Service Revenue, which is Cost of Service Revenue excluding amortization of intangible assets, stock-based compensation expense and related employer payroll taxes, certain legal and regulatory costs, and certain severance, transition and contract exit costs; and (ii) Non-GAAP Cost of Other Revenue, which is Cost of Other Revenue excluding stock-based compensation expense and related employer payroll taxes, certain legal and regulatory costs, and certain severance, transition and contract exit costs.

Non-GAAP Service Revenue Gross Margin, Other Revenue Gross Margin, and Total Revenue Gross Margin

Non-GAAP Service Revenue Gross Profit and Margin as a percentage of Service Revenue and Non-GAAP Other Revenue Gross Profit and Margin as a percentage of Other Revenue are computed as Service Revenue less Non-GAAP Cost of Service Revenue divided by Service Revenue and Other Revenue less Non-GAAP Cost of Other Revenue divided by Other Revenue, respectively. Non-GAAP Total Revenue Gross Profit and Margin as a percentage of Total Revenue is computed as Total Revenue less Non-GAAP Cost of Service Revenue and Non-GAAP Cost of Other Revenue divided by Total Revenue. Management believes the Company’s investors benefit from understanding these adjustments and from an alternative view of the Company’s Cost of Service Revenue and Cost of Other Revenue, as well as the Company's Service, Other and Total Revenue Gross Margin performance compared to prior periods and trends.

Non-GAAP Operating Profit and Non-GAAP Operating Margin

Non-GAAP Operating Profit excludes: amortization of acquired intangible assets, stock-based compensation expense and related employer payroll taxes, transaction-related costs, certain legal and regulatory costs, and certain severance, transition and contract exit costs from Operating Profit. Non-GAAP Operating Margin is Non-GAAP Operating Profit divided by Revenue. Management believes that these exclusions provide investors with a supplemental view of the Company’s ongoing operating performance.

Non-GAAP Net Income and Adjusted EBITDA

Non-GAAP Net Income excludes: amortization of acquired intangible assets, stock-based compensation expense and related employer payroll taxes, transaction-related costs, certain legal and regulatory costs, certain severance, transition and contract exit costs, amortization of debt discount and issuance cost, loss on debt extinguishment, gain or loss on remeasurement of warrants, and other income. Adjusted EBITDA excludes interest expense, provision for income taxes, depreciation, amortization of capitalized internal-use software costs, and other income, net from non-GAAP net income. Management believes the Company’s investors benefit from understanding these adjustments and an alternative view of our net income performance as compared to prior periods and trends.

Non-GAAP Net Income Per Share – Basic and Non-GAAP Net Income Per Share - Diluted

Non-GAAP Net Income Per Share – Basic is Non-GAAP Net Income divided by the weighted-average basic shares outstanding. Non-GAAP Net Income Per Share – Diluted is Non-GAAP Net Income divided by the weighted-average diluted shares outstanding. Diluted shares outstanding include the effect of potentially dilutive securities from stock-based benefit plans and convertible senior notes. These potentially dilutive securities are excluded from the computation of net loss per share attributable to common stockholders on a GAAP basis because the effect would have been anti-dilutive. They are added for the computation of diluted net income per share on a non-GAAP basis in periods when 8x8 has net profit on a non-GAAP basis as their inclusion provides a better indication of 8x8’s underlying business performance. Management believes the Company’s investors benefit by understanding our Non-GAAP net income performance as reflected in a per share calculation as ways of measuring performance by ownership in the Company. Management believes these adjustments offer investors a useful view of the Company’s diluted net income per share as compared to prior periods and trends.

Management evaluates and makes decisions about its business operations based on Non-GAAP financial information by excluding items management does not consider to be “core costs” or “core proceeds.” Management believes some of its investors also evaluate our "core operating performance" as a means of evaluating our performance in the ordinary, ongoing, and customary course of our operations. Management excludes the amortization of acquired intangible assets, which primarily represents a non-cash expense of technology and/or customer relationships already developed, to provide a supplemental way for investors to compare the Company’s operations pre-acquisition to those post-acquisition and to those of our competitors that have pursued internal growth strategies. Stock-based compensation expense has been excluded because it is a non-cash expense and relies on valuations based on future conditions and events, such as the market price of 8x8 common stock, that are difficult to predict and/or largely not within the control of management. The related employer payroll taxes for stock-based compensation are excluded since they are incurred only due to the associated stock-based compensation expense. Transaction-related costs consist of external and incremental costs resulting directly from merger and acquisition and strategic investment activities such as legal and other professional services, due diligence, integration, transaction and other closing costs, which are costs that vary significantly in amount and timing. Legal and regulatory costs include litigation and other professional services, as well as certain tax and regulatory liabilities. Severance, transition and contract exit costs include employee termination benefits, executive severance agreements, and cancellation of certain contracts. Debt amortization expenses relate to the non-cash accretion of the debt discount.

8X8, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except per share amounts)

Three Months Ended March 31,

Years Ended March 31,

2026

2025

2026

2025

Service revenue

$

180,175

$

171,588

$

715,259

$

692,923

Other revenue

5,071

5,455

20,493

22,147

Total revenue

185,246

177,043

735,752

715,070

Cost of service revenue

61,566

49,818

232,602

200,094

Cost of other revenue

6,627

7,173

28,101

29,704

Total cost of revenue

68,193

56,991

260,703

229,798

Gross profit

117,053

120,052

475,049

485,272

Operating expenses:

Research and development

29,510

29,950

112,983

123,211

Sales and marketing

59,872

66,844

252,404

264,461

General and administrative

24,341

22,839

90,724

82,407

Total operating expenses

113,723

119,633

456,111

470,079

Income from operations

3,330

419

18,938

15,193

Interest expense

(4,368

)

(5,153

)

(17,765

)

(28,856

)

Other income (expense), net

1,010

(200

)

2,353

(10,400

)

Income (loss) before provision for income taxes

(28

)

(4,934

)

3,526

(24,063

)

Provision (benefit) for income taxes

(134

)

467

1,878

3,149

Net income (loss)

$

106

$

(5,401

)

$

1,648

$

(27,212

)

Net income (loss) per share:

Basic

$

0.00

$

(0.04

)

$

0.01

$

(0.21

)

Diluted

$

0.00

$

(0.04

)

$

0.01

$

(0.21

)

Weighted average number of shares:

Basic

140,141

132,877

137,669

129,767

Diluted

145,399

132,877

142,629

129,767

Comprehensive income (loss)

Net income (loss)

$

106

$

(5,401

)

$

1,648

$

(27,212

)

Unrealized gain (loss) on investments in securities

—

—

—

(5

)

Foreign currency translation adjustment

(2,226

)

3,759

2,907

2,447

Comprehensive income (loss)

$

(2,120

)

$

(1,642

)

$

4,555

$

(24,770

)

8X8, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share amounts)

March 31, 2026

March 31, 2025

ASSETS

Current assets:

Cash and cash equivalents

$

93,260

$

88,050

Restricted cash

1,702

462

Accounts receivable, net

57,004

49,680

Deferred contract acquisition costs

25,193

30,935

Other current assets

32,650

34,739

Total current assets

209,809

203,866

Property and equipment, net

45,821

47,919

Operating lease, right-of-use assets

26,672

33,508

Intangible assets, net

57,589

67,949

Goodwill

276,372

271,530

Restricted cash, non-current

—

812

Deferred contract acquisition costs, non-current

34,562

44,239

Other assets, non-current

11,996

13,354

Total assets

$

662,821

$

683,177

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

36,714

$

45,773

Accrued and other liabilities

69,867

63,025

Operating lease liabilities

10,357

11,102

Deferred revenue

36,699

37,751

Term loan, current

39,218

11,593

Total current liabilities

192,855

169,244

Operating lease liabilities, non-current

39,100

49,196

Deferred revenue, non-current

181

706

Convertible senior notes, non-current

199,830

198,790

Term loan

82,431

139,581

Other liabilities, non-current

1,815

3,456

Total liabilities

516,212

560,973

Stockholders' equity:

Preferred stock: $0.001 par value, 5,000 shares authorized, none issued and outstanding as of March 31, 2026 and 2025

—

—

Common stock: $0.001 par value, 300,000 shares authorized, 141,164 shares and 134,355 shares issued and outstanding at March 31, 2026 and 2025, respectively

141

134

Additional paid-in capital

1,038,745

1,018,902

Accumulated other comprehensive loss

(6,204

)

(9,111

)

Accumulated deficit

(886,073

)

(887,721

)

Total stockholders' equity

146,609

122,204

Total liabilities and stockholders' equity

$

662,821

$

683,177

8X8, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Years Ended March 31,

2026

2025

Cash flows from operating activities:

Net income (loss)

$

1,648

$

(27,212

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation

6,609

7,387

Amortization of intangible assets

14,203

19,104

Amortization of capitalized internal-use software costs

11,456

12,729

Amortization of debt discount and issuance costs

1,369

2,466

Amortization of deferred contract acquisition costs

33,082

37,977

Allowance for credit losses

(438

)

1,843

Operating lease expense, net of accretion

10,868

11,631

Stock-based compensation expense

20,370

39,940

Loss on debt extinguishment

147

12,325

Gain on remeasurement of warrants

(864

)

(2,225

)

Other

(185

)

(346

)

Changes in assets and liabilities:

Accounts receivable, net

(5,771

)

7,845

Deferred contract acquisition costs

(17,108

)

(23,988

)

Other current and non-current assets

(450

)

(7,617

)

Accounts payable and accrued liabilities

(17,357

)

(24,810

)

Deferred revenue

(1,793

)

(3,495

)

Net cash provided by operating activities

55,786

63,554

Cash flows from investing activities:

Purchases of property and equipment

(3,675

)

(2,401

)

Capitalized internal-use software costs

(12,302

)

(11,066

)

Purchase of cost investment

—

(771

)

Maturities of investments

—

1,048

Business combination, net of cash acquired

(4,757

)

(3,234

)

Net cash used in investing activities

(20,734

)

(16,424

)

Cash flows from financing activities:

Proceeds from issuance of common stock under employee stock plans

2,829

3,692

Repurchase of common stock

(1,848

)

—

Payments for debt issuance and amendment costs

(70

)

(1,517

)

Repayment of principal on term loan

(30,000

)

(273,000

)

Gross proceeds from term loan

—

200,000

Other financing activities

(1,351

)

(4,281

)

Net cash used in financing activities

(30,440

)

(75,106

)

Effect of exchange rate changes on cash

1,026

577

Net increase (decrease) in cash, cash equivalents and restricted cash

5,638

(27,399

)

Cash, cash equivalents and restricted cash, beginning of year

89,324

116,723

Cash, cash equivalents and restricted cash, end of year

$

94,962

$

89,324

8X8, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(In thousands, except per share amounts)

Three Months Ended

Years Ended

March 31, 2026

March 31, 2025

March 31, 2026

March 31, 2025

Cost of Revenue:

GAAP cost of service revenue (as a percentage of service revenue)

$

61,566

34.2

%

$

49,818

29.0

%

$

232,602

32.5

%

$

200,094

28.9

%

Amortization of acquired intangible assets

(514

)

(824

)

(2,048

)

(7,176

)

Stock-based compensation expense and related employer payroll taxes

(377

)

(759

)

(1,852

)

(4,454

)

Legal and regulatory costs

—

—

—

55

Severance, transition and contract exit costs

(824

)

(81

)

(1,875

)

(655

)

Non-GAAP cost of service revenue (as a percentage of service revenue)

$

59,851

33.2

%

$

48,154

28.1

%

$

226,827

31.7

%

$

187,864

27.1

%

GAAP service revenue margin (as a percentage of service revenue)

$

118,609

65.8

%

$

121,770

71.0

%

$

482,657

67.5

%

$

492,829

71.1

%

Non-GAAP service revenue margin (as a percentage of service revenue)

$

120,324

66.8

%

$

123,434

71.9

%

$

488,432

68.3

%

$

505,059

72.9

%

GAAP cost of other revenue (as a percentage of other revenue)

$

6,627

130.7

%

$

7,173

131.5

%

$

28,101

137.1

%

$

29,704

134.1

%

Stock-based compensation expense and related employer payroll taxes

(79

)

(218

)

(397

)

(1,213

)

Legal and regulatory costs

—

—

—

62

Severance, transition and contract exit costs

(88

)

(195

)

(1,533

)

(581

)

Non-GAAP cost of other revenue (as a percentage of other revenue)

$

6,460

127.4

%

$

6,760

123.9

%

$

26,171

127.7

%

$

27,972

126.3

%

GAAP other revenue margin (as a percentage of other revenue)

$

(1,556

)

(30.7

)%

$

(1,718

)

(31.5

)%

$

(7,608

)

(37.1

)%

$

(7,557

)

(34.1

)%

Non-GAAP other revenue margin (as a percentage of other revenue)

$

(1,389

)

(27.4

)%

$

(1,305

)

(23.9

)%

$

(5,678

)

(27.7

)%

$

(5,825

)

(26.3

)%

GAAP gross margin (as a percentage of total revenue)

$

117,053

63.2

%

$

120,052

67.8

%

$

475,049

64.6

%

$

485,272

67.9

%

Non-GAAP gross margin (as a percentage of total revenue)

$

118,935

64.2

%

$

122,129

69.0

%

$

482,754

65.6

%

$

499,234

69.8

%

Operating Profit:

GAAP income from operations (as a percentage of total revenue)

$

3,330

1.8

%

$

419

0.2

%

$

18,938

2.6

%

$

15,193

2.1

%

Amortization of acquired intangible assets

3,616

3,808

14,203

19,104

Stock-based compensation expense and related employer payroll taxes

4,903

8,615

22,037

41,822

Transaction-related costs

3,249

541

3,445

1,101

Legal and regulatory costs(1)

648

102

3,127

(9,365

)

Severance, transition and contract exit costs

4,018

4,226

13,330

10,592

Non-GAAP operating profit (as a percentage of total revenue)

$

19,764

10.7

%

$

17,711

10.0

%

$

75,080

10.2

%

$

78,447

11.0

%

Net Income (Loss):

GAAP net income (loss) (as a percentage of total revenue)

$

106

0.1

%

$

(5,401

)

(3.1

)%

$

1,648

0.2

%

$

(27,212

)

(3.8

)%

Amortization of acquired intangible assets

3,616

3,808

14,203

19,104

Stock-based compensation expense and related employer payroll taxes

4,903

8,615

22,037

41,822

Transaction-related costs

3,249

541

3,445

1,101

Legal and regulatory costs(1)

648

102

3,127

(9,365

)

Severance, transition and contract exit costs

4,018

4,226

13,330

10,592

Amortization of debt discount and issuance cost

310

321

1,369

2,466

Loss on debt extinguishment

—

113

147

12,325

Gain on warrants remeasurement

(261

)

(1,028

)

(864

)

(2,225

)

Other income

—

—

(926

)

(348

)

Income tax expense effects, net (2)

—

—

—

—

Non-GAAP net income (as a percentage of total revenue)

$

16,589

9.0

%

$

11,297

6.4

%

$

57,516

7.8

%

$

48,260

6.7

%

Interest expense(3, 4)

4,058

4,832

17,322

26,390

Provision (benefit) for income taxes

(134

)

467

1,878

3,149

Depreciation

1,529

1,765

6,609

7,387

Amortization of capitalized internal-use software costs

2,852

2,748

11,456

12,729

Other expense (income), net

(749

)

1,115

(1,636

)

648

Adjusted EBITDA (as a percentage of total revenue)

$

24,145

13.0

%

$

22,224

12.6

%

$

93,145

12.7

%

$

98,563

13.8

%

Shares used in computing net income (loss) per share amounts:

Basic

140,141

132,877

137,669

129,767

Diluted

145,399

138,678

142,629

133,654

GAAP net income (loss) per share - Basic

$

0.00

$

(0.04

)

$

0.01

$

(0.21

)

GAAP net income (loss) per share - Diluted

$

0.00

$

(0.04

)

$

0.01

$

(0.21

)

Non-GAAP net income per share - Basic

$

0.12

$

0.09

$

0.42

$

0.37

Non-GAAP net income per share - Diluted

$

0.11

$

0.08

$

0.40

$

0.36

(1) Amounts include an out-of-period adjustment associated with state and local taxes for the year ended March 31, 2025.

(2) Non-GAAP adjustments do not have a material impact on our federal income tax provision due to past non-GAAP losses.

(3) Amount includes capitalized interest related to property, plant and equipment from general borrowing costs during the year ended March 31, 2026.

(4) Amounts represent contractual interest expense related to our outstanding debt and does not include capitalized interest and amortization of debt discount and issuance costs.

8x8, Inc.

Media:

[email protected]

Investor Relations:

[email protected]

Source: 8x8, Inc.

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