Latest Ratios: P/E Ratio -147.8x · EV/EBITDA N/A · ROE -91.1%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $8M | $579051 | $294197 | $4M | $7M | — |
| Enterprise Value | $3.2B | $10M | $1M | $-2422803 | $-1333615 | $6M | — |
| P/E Ratio → | -147.83 | — | — | — | — | 0.74 | — |
| P/S Ratio | 475.20 | 1.70 | 0.08 | 0.04 | 0.46 | — | — |
| P/B Ratio | 0.05 | 0.56 | 0.04 | 0.01 | 0.17 | 0.03 | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.09 | 0.18 | -0.33 | -0.16 | — | — |
| EV / EBITDA | — | — | — | — | — | 0.70 | — |
| EV / EBIT | — | — | — | — | — | 0.70 | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 27.8% | 27.8% | 82.0% | 76.2% | 75.6% | — | — |
| Operating Margin | -336.7% | -336.7% | -192.4% | -713.9% | -342.7% | — | — |
| Net Profit Margin | -294.0% | -294.0% | -271.7% | -727.9% | -344.5% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -91.1% | -91.1% | -94.7% | -219.8% | -20.8% | 3.6% | -3.9% |
| ROA | -42.0% | -42.0% | -56.8% | -162.8% | -18.9% | 3.3% | -3.5% |
| ROIC | -72.2% | -72.2% | -52.9% | -193.2% | -15.8% | -0.4% | — |
| ROCE | -65.8% | -65.8% | -59.1% | -209.8% | -19.2% | -0.5% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.92 | 0.92 | 0.36 | 0.14 | 0.05 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.13 | 0.05 | -0.11 | -0.22 | -0.00 | -0.00 |
| Net Debt / EBITDA | — | — | — | — | — | -0.04 | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -18.29 | -18.29 | -10.41 | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 2.23 | 2.23 | 0.61 | 0.88 | 1.58 | 0.69 | 6.95 |
| Quick Ratio | 2.23 | 2.23 | 0.61 | 0.88 | 1.58 | 0.69 | 6.95 |
| Cash Ratio | 1.93 | 1.93 | 0.42 | 0.61 | 1.16 | 0.53 | 4.80 |
| Asset Turnover | — | 0.14 | 0.22 | 0.20 | 0.29 | — | — |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 62.84 | 90.71 | 107.38 | 69.42 | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 135.1% | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $468284 | $318160 | $228060 | $388920 | $690000 | $163540 |
Includes 30+ ratios · 6 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CXAI stock.
CXApp Inc.'s current P/E ratio is -147.8x. The historical average is 0.7x.
CXApp Inc.'s return on equity (ROE) is -91.1%. The historical average is -71.1%.
Based on historical data, CXApp Inc. is trading at a P/E of -147.8x. Compare with industry peers and growth rates for a complete picture.
CXApp Inc. has 27.8% gross margin and -336.7% operating margin.
Key Metrics
Top Statement Risk
Imminent liquidity and solvency
Metrics are mathematically derived from official filings.
Speculative Valuation Amid Revenue Decay
Based on reported figures, CXApp trades at a P/S multiple of 0.98, which appears to reflect the market's skepticism regarding the company's ability to pivot its AI-native strategy into a sustainable revenue stream given the persistent -35.83% year-over-year contraction in top-line performance.
The lack of a meaningful P/E or EV/EBITDA multiple underscores the market's view of the company as a distressed asset rather than a growth-stage software provider. Investors should monitor whether the current valuation floor holds as the company continues to burn through its remaining cash reserves without a clear path to profitability.
Persistent Destruction of Invested Capital
As reported in financial statements, CXApp's ROIC has remained consistently negative, reaching -20.4% in 2026Q1, which suggests that the company is failing to generate adequate returns on its capital base and is instead eroding shareholder value through sustained operational inefficiencies and high research expenditures.
The inability to achieve positive returns on invested capital indicates that the company's core business model is not yet self-sustaining. This trend warrants further investigation into whether the current capital allocation strategy can be adjusted to improve efficiency or if the business model is structurally incapable of compounding returns.
Working Capital Volatility and Inefficiency
According to recent quarterly data, CXApp's asset turnover ratio has stagnated at 0.03, reflecting a significant inability to generate revenue from its existing asset base, while the erratic nature of its accounts payable and receivable cycles suggests ongoing challenges in managing working capital effectively.
The low asset turnover ratio highlights the disconnect between the company's physical and intangible asset base and its actual revenue generation. This inefficiency suggests that the company's current operational scale is insufficient to cover its fixed cost structure, leading to the observed margin compression.
Rising Debt Burden Amid Losses
Based on the company's reported balance sheet, the debt-to-equity ratio has increased to 0.69 in 2026Q1, signaling that CXApp is increasingly relying on external financing to fund its operations as its internal cash generation remains deeply negative and insufficient to cover ongoing debt service requirements.
The rising leverage profile in the context of declining revenue and negative operating margins suggests that the company's financial flexibility is rapidly diminishing. Investors should monitor the potential for future dilutive equity raises, as the current debt levels may become unsustainable if the company fails to reach cash-flow breakeven.
Misapplication of SaaS Revenue Multiples
The most commonly misapplied metric for CXApp is the standard SaaS P/S multiple, which obscures the company's low gross margin of 27.78% and its reliance on professional services, leading investors to incorrectly value it alongside high-margin, scalable software peers that do not share its cost structure.
Because CXApp's gross margins are significantly lower than typical SaaS benchmarks, applying a standard software revenue multiple leads to an overestimation of the company's intrinsic value. A more appropriate approach would be to adjust for the high cost of revenue and focus on the sustainability of the subscription-based revenue component.