CXAI (Nasdaq:CXAI) agreed to acquire EngineRoom, an AI-driven growth intelligence platform. The deal is expected to lift CXAI’s annualized revenue run-rate from about $4 million to over $12 million and add roughly $1.6 million of adjusted EBITDA.
EngineRoom contributes approximately $8.1 million annualized revenue, about 94% recurring, and over 50 mid-market customers, enhancing commercialization of the Agentic AI SKY platform, global and vertical AI expansion, and Google ecosystem opportunities. Founder Adam Laurie will remain for at least three years.
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AI-generated analysis. Not financial advice.
Positive
Annualized revenue run-rate expected to rise from ~$4M to >$12M
EngineRoom projected to add ~$1.6M of adjusted EBITDA
EngineRoom expected to contribute ~$8.1M revenue, ~94% recurring
More than 50 additional mid-market customer relationships gained
Founder Adam Laurie committed to remain for at least three years
+68.34%
Since News
+55.6%
Peak in 3 hr 12 min
$0.27
Last Price
$0.15
$0.28
Day Range
+$6M
Valuation Impact
$15.41M
Market Cap
1.1x
Rel. Volume
Following this news, CXAI has gained 68.34%, reflecting a significant positive market reaction.
Argus tracked a peak move of +55.6% during the session.
Our momentum scanner has triggered 59 alerts so far, indicating high trading interest and price volatility.
The stock is currently trading at $0.27.
This price movement has added approximately $6M to the company’s valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
New rev run-rate
More than $12 million
Expected annualized revenue run-rate post-EngineRoom acquisition
Prior rev run-rate
Approximately $4 million
CXAI annualized revenue run-rate before acquisition
Added adjusted EBITDA
Approximately $1.6 million
Expected adjusted EBITDA contribution from EngineRoom
EngineRoom revenue
Approximately $8.1 million
EngineRoom expected annualized revenue
Recurring revenue mix
Approximately 94%
Portion of EngineRoom revenue that is recurring
Customer relationships
More than 50
Number of EngineRoom customer relationships
Leadership commitment
Minimum 3 years
EngineRoom founder’s commitment to remain post-closing
Target industries
6+ industries listed
Professional services, healthcare, financial services, technology, education, sports & entertainment
$0.2030
Last Close
Volume
Volume 21,492,942 is roughly in line with the 21,749,343 20-day average.
normal
Technical
Shares at 0.1578 trade below the 0.42 200-day MA and sit 86.28% under the 52-week high.
Sector scanners show 3 peers moving up (median about 3.0%) and 2 down. With CXAI up pre-news and mixed but broadly positive peer momentum, part of the move appears tied to wider software/AI sentiment rather than this acquisition alone.
Date
Event
Sentiment
Move
Catalyst
May 13
Q1 2026 earnings
Positive
-1.0%
Reported Q1 revenue, high subscription mix and new multi‑year enterprise wins.
May 11
Earnings call setup
Neutral
-2.4%
Announced timing for Q1 2026 results and strategic business update call.
Apr 22
AI case study
Positive
+2.4%
Featured in Google Cloud Looker case study highlighting scalable analytics architecture.
Apr 07
AI keynote event
Positive
+5.5%
CEO keynote on Agentic AI and spatial intelligence at The AI Foundry event.
Mar 30
FY 2025 results
Neutral
-9.8%
Reported FY 2025 metrics and 2026 outlook centered on CXAI Agentic AI platform.
Pattern Detected
AI/visibility events have often seen aligned positive reactions, while some fundamental updates like earnings have coincided with pressure on the stock.
Recent Company History
Over the last few months, CXAI highlighted its Agentic AI strategy and tightening financial profile. FY 2025 results on Mar 30 emphasized higher 87% gross margin and a 20+ enterprise pipeline, but shares fell 9.75%. Subsequent AI-focused visibility, including an AI keynote on Apr 9 and a Google Cloud Looker case study on Apr 22, saw positive moves of 5.5% and 2.38%. The Q1 2026 report on May 13 noted $0.95M revenue and new contracts, yet the stock slipped 0.99%. Today’s acquisition builds on this AI and recurring-revenue narrative.
The stock is surging +16.2% following this news. A strong positive reaction aligns with the scale of this deal: management expects annualized revenue run-rate to exceed $12 million, up from about $4 million, and roughly $1.6 million of adjusted EBITDA from EngineRoom. With roughly 94% recurring revenue and more than 50 added customers, the market could view this as de‑risking growth. However, past patterns show that even positive fundamentals sometimes met selling, so sustainability would depend on execution and integration.
adjusted EBITDA
financial
“Add Approximately $1.6 Million of Adjusted EBITDA and Expand CXAI’s Reach…”
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
agentic AI
technical
“CXAI serves as an agentic operating layer that helps organizations improve productivity…”
Agentic AI refers to computer systems that can make their own decisions and take actions without needing someone to tell them what to do each time. It’s like giving a robot a degree of independence to solve problems or achieve goals on its own, which matters because it could change how we work and interact with technology in everyday life.
AI-generated analysis. Not financial advice.
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06/03/2026 – 04:30 PM
Acquisition Expected to Increase Annualized Revenue Run-Rate to More Than $12 Million, Add Approximately $1.6 Million of Adjusted EBITDA and Expand CXAI‘s Reach Across Enterprise and Mid-Market Customers
PALO ALTO, CA / ACCESS Newswire / June 3, 2026 / CXApp Inc. (Nasdaq:CXAI) (“CXAI“), an enterprise agentic AI platform company, today announced the acquisition of EngineRoom, an AI-powered data-driven growth intelligence platform focused on customer acquisition intelligence, attribution analytics, workflow automation, operational reporting and business optimization.
The acquisition is expected to increase CXAI‘s annualized revenue run-rate from approximately $4 million to more than $12 million while adding approximately $1.6 million of adjusted EBITDA and significantly expanding the Company’s recurring revenue base.
EngineRoom is expected to generate approximately $8.1 million of annualized revenue, with approximately 94% recurring revenue and approximately $1.6 million of adjusted EBITDA. In addition, EngineRoom brings more than 50 customer relationships across a diverse base of mid-market organizations, creating an established platform through which CXAI can accelerate commercialization of Agentic AI SKY platform and future AI-powered solutions.
WHY THIS COMBINATION MATTERS
Scale
The acquisition immediately expands CXAI’s revenue scale, profitability and recurring revenue base, creating a stronger foundation from which to accelerate growth and investment in future AI initiatives.
Distribution
EngineRoom’s customer relationships, mid-market presence and expertise across the Google ecosystem provide CXAI with an established channel through which to deploy SKY and future AI solutions without building distribution from the ground up.
AI Monetization
CXAI serves as an agentic operating layer that helps organizations improve productivity, automate workflows and optimize operational performance. EngineRoom extends those capabilities through growth intelligence solutions that improve customer acquisition, marketing effectiveness and business performance.
Together, the platforms create opportunities to expand solutions across both customer bases, accelerate adoption of CXAI SKY and develop industry-specific AI solutions designed to address the needs of underserved markets globally.
COMPLEMENTARY PLATFORMS CREATE A BROADER AI OPPORTUNITY
CXAI and EngineRoom bring highly complementary capabilities that expand the value each platform can deliver to customers.
CXAI helps organizations improve operational efficiency, employee productivity and workplace performance through agentic AI, operational intelligence and workflow automation. EngineRoom helps organizations improve customer acquisition, marketing effectiveness and business performance through growth intelligence, attribution analytics and optimization.
Together, the platforms provide customers with a more complete AI-powered operating layer across both operations and growth, enabling organizations to make better decisions, automate workflows, improve productivity and drive measurable business outcomes.
The acquisition creates opportunities to expand solutions across both customer bases. Enterprise customers gain access to growth intelligence capabilities that improve customer acquisition and business performance, while EngineRoom customers gain access to enterprise-grade agentic AI, intelligent automation and operational intelligence capabilities through SKY and future AI offerings.
Beyond cross-selling opportunities, the transaction establishes a foundation for the development of industry-specific AI solutions. By combining operational intelligence, growth intelligence and agentic AI, CXAI intends to develop repeatable vertical AI solutions designed to address the unique needs of underserved markets across industries such as professional services, healthcare, financial services, technology, education and sports and entertainment.
This approach creates a scalable pathway for broader AI adoption, recurring software revenue expansion and long-term global growth across both enterprise and mid-market organizations.
GLOBAL EXPANSION OPPORTUNITY
The transaction establishes a scalable platform through which CXAI can expand deployment of agentic AI solutions across new industries, customer segments and geographies.
CXAI’s enterprise-grade AI capabilities, combined with EngineRoom’s growth intelligence expertise and customer relationships, create a repeatable framework for delivering AI-powered solutions that improve productivity, operational performance and business growth outcomes.
SKY is expected to serve as a key platform for introducing future vertical AI solutions across both existing and new customer relationships globally.
GOOGLE ECOSYSTEM OPPORTUNITY
EngineRoom brings extensive expertise across Google Ads, Google Analytics, Google Cloud and related technologies.
Combined with CXAI’s existing Google Cloud initiatives and AI capabilities, the transaction expands opportunities to deliver AI-powered analytics, automation and business optimization solutions across a broader customer base.
LEADERSHIP CONTINUITY
EngineRoom Founder Adam Laurie has committed to remain with the business for a minimum of three years following closing.
Mr. Laurie will continue to lead the organization as General Manager of CXAI EngineRoom which will be a subsidiary of newly formed holding company CXAI Australia and will play a key role in expanding the Company’s growth intelligence and AI initiatives globally.
MANAGEMENT COMMENTARY
“This acquisition is about accelerating the next phase of CXAI,” said Khurram Sheikh, Chairman and Chief Executive Officer of CXApp.
“We believe AI is moving from point solutions and copilots into the operating layer of every modern organization. Our vision is for CXAI to become that agentic operating layer – helping organizations of all sizes automate work, improve productivity, optimize performance and make better decisions through intelligent agents.”
“With EngineRoom, we are expanding the reach of that vision. Its complementary capabilities and established customer channels give us a faster path to introduce CXAI SKY and future AI solutions to a broader market, while extending the value we can deliver across both operations and growth.”
“We see this as an important step toward building a global AI platform that can scale across enterprises, mid-market organizations and vertical markets. Our focus is on driving adoption, expanding recurring software revenue and helping customers compete more effectively in an AI-driven economy.”
Adam Laurie, Founder of EngineRoom and incoming General Manager of CXAI EngineRoom, added:
“EngineRoom has always focused on helping customers make better decisions, acquire customers more efficiently and drive measurable business outcomes.”
“We are excited to join CXAI to accelerate mid-market enterprise transformation with Agentic AI. Together, we can bring a new generation of AI-powered solutions to customers that improve productivity, automate workflows and help organizations grow more effectively.”
About CXApp Inc.
CXApp Inc. is an enterprise agentic AI platform company focused on helping organizations improve productivity, automate workflows and enhance business performance through artificial intelligence.
The Company’s platform combines operational intelligence, analytics, workplace technologies and intelligent automation to deliver measurable business outcomes across enterprise and mid-market organizations.
CXAI serves customers across technology, financial services, healthcare, media and other industries while expanding its AI capabilities through both organic growth and strategic acquisitions.
CXApp Inc.: marketing@cxapp.com
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the Company may differ from its actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” or the negative or other variations thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance of the Company, including projected financial information (which is not audited or reviewed by the Company’s auditors), and the future plans, operations and opportunities for the Company and other statements that are not historical facts. These statements are based on the current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: the ability of the Company to successfully integrate acquired businesses, retain their customers and realize expected synergies, financial benefits and growth opportunities from acquisitions; the demand for the Company’s services together with the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors or changes in the business environment in which the Company operates; changes in customer preferences or the market for the Company’s services; changes in applicable laws or regulations; the availability or competition for opportunities for expansion of the Company’s business; difficulties of managing growth profitably; the loss of one or more members of the Company’s management team; loss of a major customer and other risks and uncertainties included from time to time in the Company’s reports (including all amendments to those reports) filed with the Securities and Exchange Commission. The Company cautions that the foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.
SOURCE: CXApp Inc.
View the original press release on ACCESS Newswire
FAQ
What did CXAI (Nasdaq:CXAI) announce on June 3, 2026 regarding EngineRoom?
CXAI announced the acquisition of EngineRoom, an AI-powered growth intelligence platform, to expand revenue, profitability and AI commercialization. According to CXAI, EngineRoom enhances its agentic AI SKY platform reach across enterprise and mid-market customers, including more than 50 existing client relationships.
How will the EngineRoom acquisition affect CXAI’s revenue and EBITDA (CXAI stock)?
The acquisition is expected to increase CXAI’s annualized revenue run-rate from about $4 million to over $12 million. According to CXAI, EngineRoom should contribute around $8.1 million of revenue and approximately $1.6 million of adjusted EBITDA, mostly from recurring software contracts.
What is EngineRoom and how does it complement CXAI’s Agentic AI SKY platform?
EngineRoom is a data-driven growth intelligence platform focused on customer acquisition, attribution analytics and business optimization. According to CXAI, combining EngineRoom with SKY creates a broader AI operating layer across operations and growth, enabling cross-selling, workflow automation and measurable business outcomes for customers.
How does the EngineRoom deal support CXAI’s Google ecosystem strategy?
The transaction brings EngineRoom’s expertise across Google Ads, Google Analytics and Google Cloud into CXAI’s platform. According to CXAI, this alignment expands opportunities to offer AI-powered analytics, automation and optimization solutions to a wider customer base already invested in Google technologies.
What global and vertical market opportunities does CXAI see from acquiring EngineRoom?
CXAI views the deal as a base for scalable, vertical AI solutions across industries and geographies. According to CXAI, combining operational intelligence, growth intelligence and agentic AI supports offerings for professional services, healthcare, financial services, technology, education and sports and entertainment markets worldwide.
Will EngineRoom’s leadership remain in place after the CXAI acquisition?
Yes. EngineRoom founder Adam Laurie has committed to stay with the business for at least three years. According to CXAI, he will serve as General Manager of CXAI EngineRoom within CXAI Australia, leading growth intelligence and AI initiatives globally.