Meridian
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CXDO · CIK 0001075736 · FY2025 live · 2025-12-31

Crexendo, Inc.

SafeSEC 10-KZ″Communication93rd percentile in Communication · 76 names

View as

Model

Z″

FY2025

4.31

Zone

Safe

Prior

Market DD

1y PD

Meridian Rank

83.18

0–100 · Z″ tape · not a PD

  • Book standing

    81

  • Year change

  • Market PD

  • O-score

    89

Events on this name

Same published rows as Today. Not a live recompute.

  • APPROACHING GREY

    watch · 41

    • liveZ: — → 4.306515634582444
    • cut: — → 1.1

4.31

Classic Z 2.82

−21.12.68+

Z″ 4.31 · distress below 1.10, grey to 2.60, safe above.

Z″ factor contributions

  • X1 Working capital / assets

    Short-term liquidity. Carries more weight in Z″ than in classic Z.

    0.38
    6.56 × = 2.50
  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −1.05
    3.26 × = −3.43
  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    0.06
    6.72 × = 0.41
  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.

    4.60
    1.05 × = 4.83

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

Crexendo, Inc. is on Z″ at 4.31 (safe) for FY2025, from an SEC 10-K. Book equity / liabilities is the line that sets the print; retained earnings / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.

Book screen Safe; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Z″ scores · 93rd percentile in Communication.

KPI widgets

Current assets

$42M

Total assets

$78M

Current liabilities

$12M

Total liabilities

$14M

Working capital

$30M

Retained earnings

−$82M

EBIT

$5M

Total sales

$68M

Book equity

$64M

Accession 0001654954-26-001848. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.