$EGHT

8X8 INC /DE/

CIK:0001023731|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Total revenue	$ 190,170	$ 181,361
Total cost of revenue	73,799	60,921
Gross profit	116,371	120,440
Operating expenses:
Research and development	28,406	28,364
Sales and marketing	58,750	68,184
General and administrative	24,836	23,327
Total operating expenses	111,992	119,875
Income from operations	4,379	565
Interest expense	(4,179)	(3,968)
Other income (expense), net	(408)	364
Loss before provision for income taxes	(208)	(3,039)
Provision for income taxes	992	1,276
Net loss	$ (1,200)	$ (4,315)
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ (0.01)	$ (0.03)
Diluted (in dollars per share)	$ (0.01)	$ (0.03)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic (in shares)	141,973	134,809
Diluted (in shares)	141,973	134,809
Comprehensive income (loss)
Net loss	$ (1,200)	$ (4,315)
Foreign currency translation adjustment	99	6,258
Comprehensive income (loss)	(1,101)	1,943
Service revenue
Total revenue	185,346	176,308
Total cost of revenue	67,635	53,822
Other revenue
Total revenue	4,824	5,053
Total cost of revenue	$ 6,164	$ 7,099

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (1,200)	$ (4,315)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	1,410	1,690
Amortization of intangible assets	3,835	3,501
Amortization of capitalized internal-use software costs	2,856	2,673
Amortization of debt discount and issuance costs	330	336
Amortization of deferred contract acquisition costs	7,051	8,956
Allowance for credit losses	607	290
Operating lease expense, net of accretion	2,595	2,854
Stock-based compensation expense	4,055	6,352
Loss on debt extinguishment	44	81
Gain on remeasurement of warrants	(71)	(209)
Other	188	(368)
Changes in assets and liabilities:
Accounts receivable, net	(14,407)	(9,503)
Deferred contract acquisition costs	(4,611)	(4,471)
Other current and non-current assets	(9,273)	(2,997)
Accounts payable and accrued liabilities	24,979	3,347
Deferred revenue	(1,354)	3,656
Net cash provided by operating activities	17,034	11,873
Cash flows from investing activities:
Purchases of property and equipment	(694)	(377)
Capitalized internal-use software costs	(2,225)	(4,039)
Payments for other investing activities	(229)	0
Net cash used in investing activities	(3,148)	(4,416)
Cash flows from financing activities:
Repurchase of common stock	0	(1,848)
Repayment of principal on term loan	(14,500)	(15,000)
Other financing activities	(1,684)	(489)
Net cash used in financing activities	(16,184)	(17,337)
Effect of exchange rate changes on cash	(362)	2,788
Net decrease in cash and cash equivalents	(2,660)	(7,092)
Cash, cash equivalents and restricted cash, beginning of year	94,962	89,324
Cash, cash equivalents and restricted cash, end of period	92,302	82,232
Supplemental disclosures of cash flow information:
Interest paid	1,806	2,567
Income taxes paid	479	574
Payables and accruals for property and equipment	$ 80	$ 21

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets:
Cash and cash equivalents	$ 90,595	$ 93,260
Restricted cash	1,707	1,702
Accounts receivable, net	70,428	57,004
Deferred contract acquisition costs	23,174	25,193
Other current assets	37,809	32,650
Total current assets	223,713	209,809
Property and equipment, net	44,552	45,821
Operating lease, right-of-use assets	28,184	26,672
Intangible assets, net	53,776	57,589
Goodwill	276,408	276,372
Deferred contract acquisition costs, non-current	34,235	34,562
Other assets, non-current	11,938	11,996
Total assets	672,806	662,821
Current liabilities:
Accounts payable	38,121	36,714
Accrued and other liabilities	92,065	69,867
Operating lease liabilities	10,693	10,357
Deferred revenue	35,334	36,699
Term loan, current	37,277	39,218
Total current liabilities	213,490	192,855
Operating lease liabilities, non-current	39,473	39,100
Deferred revenue, non-current	247	181
Convertible senior notes, non-current	200,091	199,830
Term loan, non-current	69,985	82,431
Other liabilities, non-current	1,703	1,815
Total liabilities	524,989	516,212
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock: $0.001 par value, 5,000 shares authorized, none issued and outstanding as of June 30, 2026 and March 31, 2026	0	0
Common stock: $0.001 par value, 300,000 shares authorized, 143,970 shares and 141,164 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively	144	141
Additional paid-in capital	1,041,051	1,038,745
Accumulated other comprehensive loss	(6,105)	(6,204)
Accumulated deficit	(887,273)	(886,073)
Total stockholders' equity	147,817	146,609
Total liabilities and stockholders' equity	$ 672,806	$ 662,821