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8X8 INC /DE/

CIK: 10237312 Annual ReportsLatest: 2025-05-22

10-K / May 22, 2025

Revenue:$715,100,000
Income:-$27,112,000

10-K / May 21, 2024

Revenue:$728,705,000
Income:-$67,592,000

10-K / May 22, 2025

Company Overview: 8x8, Inc.

Business Description

8x8, Inc. is a global provider of integrated customer experience and business communications solutions. The company's core platform, Platform for CX™, unifies contact center, business communications, and communication APIs into a single, AI-powered, cloud-native system. This platform enables seamless, data-driven, multi-channel interactions with customers and employees, helping organizations eliminate silos, improve operational efficiency, and turn interactions into actionable insights.

Key Offerings

  • Platform for CX™: Combines CCaaS (Contact Center as a Service), UCaaS (Unified Communications as a Service), and CPaaS (Communications Platform as a Service), supported by an AI-driven Customer Interaction Data Platform.
  • Solutions:
    • 8x8 Work: UCaaS enabling voice, video, chat, and messaging for collaboration.
    • 8x8 Contact Center: Omnichannel customer engagement platform with AI-driven analytics and performance tools.
    • 8x8 Engage: Extends digital engagement tools to non-traditional customer-facing employees (sales, field service, finance).
    • Communications APIs: Embedding voice, SMS, rich messaging, and social channels into digital experiences.
    • Microsoft Teams integrations: Providing telephony and customer engagement directly within Microsoft Teams.

Customer Base & Geographic Reach

  • Over 55,000 customers worldwide.
  • Customers are located in over 160 countries.
  • The customer base is diverse, including small businesses, mid-market, enterprise, and public sector organizations.
  • No single customer accounts for 10% or more of revenue.

Employees

  • As of March 31, 2025:
    • 1,942 full-time employees globally.
    • 67% are located outside the United States.
  • Workforce includes sales, customer support, engineering, and professional services teams.

Revenue & Financials

  • Total Service Revenue (FY 2025): $692.9 million (decreased by 1.1% from FY 2024).
  • Total Revenue (FY 2025): $715.1 million (including other revenue).
  • Gross Profit (FY 2025): $120.1 million, representing ~67.8% of total revenue.
  • Operating Income: Approximately $15.2 million for the year ended March 31, 2025.
  • Net Loss: $5.4 million for FY 2025.
  • Cash and Cash Equivalents (as of March 31, 2025): $88.1 million.
  • Market Value of Voting Stock (as of September 30, 2024): Approximately $159.8 million.
  • Shares Outstanding (as of May 12, 2025): 134,479,292 shares.

Business Strategy & Market Focus

  • Focused on mid-market, small/mid-sized enterprises, and public sector organizations, especially those with 500-10,000 employees.
  • Uses a diversified go-to-market strategy including direct sales, technology solutions distributors, VARs (Value-Added Resellers), and strategic technology partners.
  • Leverages global carrier partnerships, third-party deployment service providers, and an ecosystem of deep platform integrations.

Location & Infrastructure

  • Principal offices and main operations in Campbell, California.
  • Additional international offices and operations in the UK, Romania, Ireland, Canada, Portugal, Singapore, and the Philippines.
  • Utilizes data centers and cloud infrastructure providers such as Amazon Web Services for global service delivery.

Revenue Model

  • Recurring subscriptions on a per-user basis.
  • Usage-based revenue from telephony minutes and platform interactions.
  • Professional services and hardware sales (e.g., IP phones).

Key Focus Areas

  • Accelerate innovation through AI and automation.
  • Expand internationally, especially in Asia-Pacific.
  • Grow mid-market and enterprise customer segments.
  • Enhance platform capabilities with new features, integrations, and AI-powered tools.
  • Focus on operational efficiency, sales growth, and customer retention.

This summary provides specific details on 8x8's operations, customer base, workforce, revenue, and strategic focus based solely on the provided document.