Does Crexendo, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Crexendo, Inc. (CXDO) 51.2 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 81, returns on capital 7, balance-sheet safety 100, capital discipline 24.

Is CXDO stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $0.70 per share versus a recent price of $7.66 — 994% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has CXDO's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 51.2 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Crexendo, Inc.

CXDO · Communications · $237.5M mkt cap · FY2025 filings · Shallow moat ·

Doesn't clear the bar

Shallow moat

The four filters

Pricing power81

Median gross margin 69.8% over 4y, stable.

Returns on capital7

Median ROIC -3.8%, above the 9% hurdle in 20% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

994% above value

Owner earnings (normalized): $2.0M
Est. intrinsic value / share: $0.70
Recent price: $7.66
Discount to value: 994% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for CXDO yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale51.2 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — CXDO has read Shallow moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Communications context

#18 of 56 scored Communications companies, ranked by Moat Score.

Nearest peers by Moat Score

#16SIRI SIRIUS XM HOLDINGS INC.52.9 out of 100, Shallow moatShallow moat
#17LTH Life Time Group Holdings, Inc.51.3 out of 100, Shallow moatShallow moat
#19AMCX AMC Global Media Inc.50.5 out of 100, Shallow moatShallow moat
#20CALX Calix, Inc48.5 out of 100, Shallow moatShallow moat

Compare CXDO with its nearest peers →All Communications companies on the Index →

Common questions about CXDO

Does Crexendo, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Crexendo, Inc. (CXDO) 51.2 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 81, returns on capital 7, balance-sheet safety 100, capital discipline 24.
Is CXDO stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $0.70 per share versus a recent price of $7.66 — 994% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has CXDO's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 51.2 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CXDO. See the disclaimer.