Business Description

8x8, Inc. is an American provider of cloud-based business communications and customer experience software. Headquartered in Campbell, California, the company offers a unified platform that integrates voice, video, chat, and contact center capabilities. 8x8 primarily serves small to mid-sized enterprises and public sector organizations, distinguishing itself by combining unified communications and contact center functions into a single architecture.

Financial Statements

In thousands, USD
FY 2026FY 2025FY 2024FY 2023
Total Revenues735,752715,070728,705743,938
Cost of Sales260,703229,798224,905241,475
Gross Profit475,049485,272503,800502,463
Selling, General & Administrative Expenses343,128346,868384,153419,884
Research & Development Expenses112,983123,211136,216142,491
Other Operating Expenses11,0346,380
Operating Profit18,93815,193(27,603)(66,292)
Interest Expense(17,765)(28,856)(39,824)(27,274)
Non-Operating Income2,353(10,400)3,47723,230
Total Non-Operating Income(15,412)(39,256)(36,347)(4,044)
Income Before Provision for Income Taxes3,526(24,063)(63,950)(70,336)
Provision for Income Taxes1,8783,1493,6422,807
Consolidated Net Income1,648(27,212)(67,592)(73,143)
Net Income Attributable to Common Shareholders1,648(27,212)(67,592)(73,143)
Basic EPS0.01-0.21-0.56-0.63
Diluted EPS0.01-0.21-0.56-0.63
Basic Weighted Average Shares Outstanding137,669129,767121,106115,959
Diluted Weighted Average Shares Outstanding142,629129,767121,106115,959
Shares Outstanding141,164134,355125,194114,659
FY 2026FY 2025FY 2024FY 2023
Cash and Cash Equivalents93,26088,050116,262111,400
Short-Term Investments1,04826,228
Total Cash and Cash Equivalents93,26088,050117,310137,628
Accounts Receivable57,00449,68058,97962,307
Total Trade Receivables57,00449,68058,97962,307
Other Current Assets59,54566,13671,54773,189
Total Current Assets209,809203,866247,836273,124
Net Property, Plant & Equipment72,49381,42789,105110,315
Net Intangible Assets57,58967,94986,717107,112
Goodwill276,372271,530266,574266,863
Other Long-Term Assets46,55858,40565,74784,396
Total Assets662,821683,177755,979841,810
Accounts Payable36,71445,77348,86246,802
Accrued Expenses69,86763,02578,10273,740
Current Portion of Long-Term Debt39,21811,59362,932
Current Portion of Leases10,35711,10211,29511,504
Unearned Revenue36,69937,75134,32534,909
Total Current Liabilities192,855169,244172,584229,887
Long-Term Debt282,261338,371409,690428,814
Leases39,10049,19656,64765,623
Other Long-Term Liabilities1,9964,16215,10017,580
Total Long-Term Liabilities323,357391,729481,437512,017
Total Liabilities516,212560,973654,021741,904
Common Stock141134125115
Additional Paid-in Capital1,038,7451,018,902973,895905,635
Accumulated Other Comprehensive Income(6,204)(9,111)(11,553)(12,927)
Retained Earnings(886,073)(887,721)(860,509)(792,917)
Total Common Shareholders' Equity146,609122,204101,95899,906
Total Shareholders' Equity146,609122,204101,95899,906
Total Liabilities and Shareholders' Equity662,821683,177755,979841,810
FY 2026FY 2025FY 2024FY 2023
Net Income1,648(27,212)(67,592)(73,143)
Depreciation & Amortization32,26839,22047,18252,281
Share-Based Compensation Expense20,37039,94061,91089,536
Other Adjustments43,97963,67169,30642,069
Changes in Trade Receivables(5,771)7,845753(8,450)
Changes in Accounts Payable(17,357)(24,810)(4,182)(24,403)
Changes in Unearned Revenue(1,793)(3,495)(3,165)(168)
Changes in Other Operating Activities(17,558)(31,605)(25,227)(28,936)
Cash from Operating Activities55,78663,55478,98548,786
Capital Expenditure(3,675)(2,401)(2,650)(2,991)
Purchases of Intangible Assets(12,302)(11,066)(14,289)(11,896)
Proceeds from Sale of Intangible Assets1,000
Purchases of Investments(771)(6,174)(53,308)
Proceeds from Sale of Investments1,04831,65974,495
Payments for Business Acquisitions(4,757)(3,234)(1,250)
Cash from Investing Activities(20,734)(16,424)8,5466,050
Issuance of Long-Term Debt200,000234,806
Repayments of Long-Term Debt(30,000)(273,000)(88,295)(217,299)
Net Issuance / (Repayments) of Long-Term Debt(30,000)(73,000)(88,295)17,507
Issuance of Common Shares2,8293,6924,8844,679
Repurchases of Common Shares(1,848)(60,214)
Net Issuance / (Repurchases) of Common Shares9813,6924,884(55,535)
Other Financing Activities(1,421)(5,798)244
Cash from Financing Activities(30,440)(75,106)(83,411)(37,784)
Effect of Exchange Rate Changes on Cash and Cash Equivalents1,026577(126)(5,037)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash5,638(27,399)3,99412,015

Key Metrics & Ratios

MetricValue
Market Cap$234M
P/E166.00x
P/S0.32x
EV/EBITDA10.00x
Return on Equity1.2%
Return on Invested Capital1.8%
Current Ratio1.09x
Free Cash Flow Margin7.1%

Margins

Gross margin
64.6%
Operating margin
2.6%
Net margin
0.2%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q4 2026 $185M +4.6% 1.8% $3M
Q3 2026 $185M +3.4% 5.2% $10M
Q2 2026 $184M +1.7% 2.9% $5M
Q1 2026 $181M +1.8% 0.3% $1M
Q4 2025 $177M 0.2% $0M
Q3 2025 $179M 5.0% $9M
Q2 2025 $181M 4.0% $7M
Q1 2025 $178M -0.8% $-1M

More on 8x8, Inc.

Figures compiled from public company filings.

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