CXApp Inc.
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 30, 2026
CXAI$1.41+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| 2025 · 2024 | |||
|---|---|---|---|
| Operating activities | |||
| Net loss | $(13,473) | $(19,408) | |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation and amortization | 45 | 79 | |
| Amortization of intangible assets | 2,732 | 2,732 | |
| Amortization of right of use asset | 386 | 391 | |
| Amortization of debt discount and deferred financing cost | - | 862 | |
| Accrued interest expense on promissory note and convertible debt | 881 | 817 | |
| Accrued monitoring fee on promissory note | - | 273 | |
| Deferred income taxes | (46) | (635) | |
| Stock-based compensation expense | 2,784 | 2,831 | |
| (Gain) loss on foreign currency transactions | (245) | 316 | |
| Loss on debt extinguishment | 48 | 1,052 | |
| Change in fair value of derivative liability | (4,548) | 3,152 | |
| (Gain) loss on contract to issue common stock | 20 | (68) | |
| Loss on asset disposal | 4 | - | |
| Impairment of goodwill | 2,148 | - | |
| Gain on debt settlement | (7) | - | |
| Change in operating assets and liabilities: | |||
| Accounts receivable and other receivables | 825 | 372 | |
| Prepaid expenses and other current assets | (343) | 162 | |
| Other assets | (19) | 23 | |
| Accounts payable | 264 | (453) | |
| Accrued liabilities | (225) | 771 | |
| Operating lease liabilities | (392) | (407) | |
| Deferred revenue | (1,220) | (187) | |
| Net cash used in operating activities | (10,381) | (7,325) | |
| Investing activities | |||
| Purchases of property and equipment | (23) | (30) | |
| Net cash used in investing activities | (23) | (30) | |
| Financing activities | |||
| Proceeds from issuance of convertible debt, net of issuance costs | 15,990 | 6,480 | |
| Proceeds from at-the-market offering, net of issuance cost | 648 | - | |
| Repayment of promissory note | - | (500) | |
| Net cash provided by financing activities | 16,638 | 5,980 | |
| Effect of exchange rate changes on cash and cash equivalents | (13) | (20) | |
| Net increase (decrease) in cash and cash equivalents | 6,221 | (1,395) | |
| Cash and cash equivalents, beginning of Year | 4,880 | 6,275 | |
| Cash and cash equivalents, end of year | $11,101 | $4,880 | |
| Supplemental disclosures of cash flow information | |||
| Cash paid for taxes | $ | - | $29 |
| Cash paid for interest | $ | - | $56 |
| Supplemental schedule of noncash investing and financing activities | |||
| Financing of Directors and Officers Insurance | $240 | $225 | |
| Common shares issued for debt extinguishment | $8,755 | $6,579 | |
| Common shares issued as commitment shares | $89 | $62 | |
| Right of use asset obtained in exchange for lease liability | $144 | $393 | |
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