Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 54

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 54
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 non- recurring items and non-cash stock-based compensation. Adjusted EBITDA is a performance measure that we believe is useful to investors and analysts because it illustrates the underlying financial and business trends relating to our core, recurring results of operations and enhances comparability between periods.

Adjusted EBITDA is not a recognized measure under U.S. GAAP and is not intended to be a substitute for any U.S. GAAP financial measure and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry. Investors should exercise caution in comparing our non-GAAP measure to any similarly titled measure used by other companies.

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This non-GAAP measure excludes certain items required by U.S. GAAP and should not be considered as an alternative to information reported in accordance with U.S. GAAP. The table below presents our adjusted EBITDA, reconciled to net income, which is the most comparable GAAP measure, for the periods indicated (in thousands).

|                                              |     |   | Three Months Ended 
      September 30, 
               2025 |   |     |   | Nine Months Ended 
     September 30, 
              2025 |   |     |   | Three Months Ended 
      September 30, 
               2024 |   |     |   | Nine Months Ended 
     September 30, 
              2024 |   |
|:---------------------------------------------|:----|:--|-------------------:|:--|:----|:--|------------------:|:--|:----|:--|-------------------:|:--|:----|:--|------------------:|:--|
| Net loss                                     |     | $ |             (3,157 | ) |     | $ |            (7,912 | ) |     | $ |             (5,004 | ) |     | $ |           (15,430 | ) |
| Interest and other income                    |     |   |                107 |   |     |   |               307 |   |     |   |                274 |   |     |   |             1,220 |   |
| Income tax (benefit)/provision               |     |   |                  - |   |     |   |                (1 | ) |     |   |               (147 | ) |     |   |              (513 | ) |
| Deprec