CREX
CREX
Creative Realities, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.55M ▼ | $12.05M ▲ | $-7.86M ▼ | -74.54% ▼ | $-0.75 ▼ | $-6.19M ▼ |
| Q2-2025 | $13.03M ▲ | $6.35M ▲ | $-1.82M ▼ | -13.94% ▼ | $-0.17 ▼ | $-113K ▼ |
| Q1-2025 | $9.73M ▼ | $5.17M ▼ | $3.37M ▲ | 34.6% ▲ | $0.32 ▲ | $4.97M ▲ |
| Q4-2024 | $11.01M ▼ | $5.58M ▲ | $-3.22M ▼ | -29.26% ▼ | $-0.31 ▼ | $-1.49M ▼ |
| Q3-2024 | $14.44M | $5.45M | $438K | 3.03% | $0.04 | $1.68M |
What's going well?
Gross margin improved, meaning the company is making more on each sale before overhead. Share count is stable, so dilution isn't hurting shareholders.
What's concerning?
Revenue dropped sharply, operating expenses ballooned, and a large one-time charge pushed losses much higher. The company is burning cash and not close to profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $314K ▼ | $61.27M ▼ | $39.38M ▲ | $21.89M ▼ |
| Q2-2025 | $569K ▼ | $63.65M ▼ | $34.21M ▼ | $29.44M ▼ |
| Q1-2025 | $1.15M ▲ | $66.99M ▲ | $37.12M ▼ | $29.87M ▲ |
| Q4-2024 | $1.04M ▲ | $65.21M ▼ | $39.75M ▲ | $25.46M ▼ |
| Q3-2024 | $868K | $67.56M | $39.27M | $28.29M |
What's financially strong about this company?
The company paid down a large amount of debt this quarter, reducing financial risk. Current assets increased, and deferred revenue shows some customers are paying upfront.
What are the financial risks or weaknesses?
Cash is very low, equity is shrinking, and most assets are intangible. Inventory piled up and payables are rising, which could signal operational trouble. Retained losses are large.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-7.86M ▼ | $-1.61M ▼ | $-709K ▼ | $2.06M ▲ | $-255K ▲ | $-1.71M ▼ |
| Q2-2025 | $-1.82M ▼ | $3.22M ▲ | $-643K ▼ | $-3.16M ▼ | $-580K ▼ | $3.12M ▲ |
| Q1-2025 | $3.37M ▲ | $-2.45M ▼ | $-621K ▼ | $3.18M ▲ | $112K ▼ | $-2.46M ▼ |
| Q4-2024 | $-2.84M ▼ | $-1.37M ▼ | $-499K ▲ | $2.04M ▲ | $169K ▲ | $-1.87M ▼ |
| Q3-2024 | $54K | $544K | $-807K | $-2.96M | $-3.22M | $-263K |
What's strong about this company's cash flow?
Non-cash expenses make up most of the losses, and capital spending is low. If the business can return to positive cash flow, the cash needs could drop quickly.
What are the cash flow concerns?
Cash burn has returned, the company is now borrowing to survive, and the cash balance is critically low. Working capital is also moving in the wrong direction, and there are no shareholder returns.
Revenue by Geography
| Region | Q1-2013 | Q2-2013 | Q3-2013 | Q4-2013 |
|---|---|---|---|---|
C | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
C A | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
U | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
U S | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Creative Realities, Inc.'s financial evolution and strategic trajectory over the past five years.
CREX’s core strengths include strong and sustained revenue growth, improved gross profitability, and a shift from heavily negative to modestly positive operating metrics. Its integrated, end-to-end service model, proprietary CMS and monetization platforms, and experience with large enterprise deployments give it a differentiated position in digital signage. The asset base has expanded meaningfully through acquisitions, giving the company greater scale, customer reach, and a broader technology toolkit to leverage in the market.
Key risks stem from financial and competitive pressures. The company still has a history of recurring net losses and deeply negative retained earnings, with thin and volatile free cash flow and a weakening cash position. Liquidity metrics are strained, and leverage remains a concern, making CREX more vulnerable to operational setbacks or tighter credit conditions. On the strategic side, it competes against larger, well-funded rivals in a fast-moving technology space, while reported R&D cuts may limit its ability to keep pace with innovation demands over time.
Looking ahead, CREX’s future will likely be driven by its ability to turn strong top-line growth and improved operating performance into consistent profitability and healthier cash generation, while carefully managing its balance sheet. If it can keep winning and scaling large enterprise contracts, grow adoption of its monetization and analytics platforms, and maintain service quality, the business could continue to gain relevance in its niche. At the same time, its elevated financial risk and reliance on continued execution mean outcomes remain highly sensitive to both market conditions and internal discipline, and the path to a more robust financial profile is still a work in progress.
About Creative Realities, Inc.
https://www.cri.comCreative Realities, Inc., together with its subsidiaries, provides digital marketing technology and solutions to retail companies, individual retail brands, enterprises, and organizations in the United States and internationally.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.55M ▼ | $12.05M ▲ | $-7.86M ▼ | -74.54% ▼ | $-0.75 ▼ | $-6.19M ▼ |
| Q2-2025 | $13.03M ▲ | $6.35M ▲ | $-1.82M ▼ | -13.94% ▼ | $-0.17 ▼ | $-113K ▼ |
| Q1-2025 | $9.73M ▼ | $5.17M ▼ | $3.37M ▲ | 34.6% ▲ | $0.32 ▲ | $4.97M ▲ |
| Q4-2024 | $11.01M ▼ | $5.58M ▲ | $-3.22M ▼ | -29.26% ▼ | $-0.31 ▼ | $-1.49M ▼ |
| Q3-2024 | $14.44M | $5.45M | $438K | 3.03% | $0.04 | $1.68M |
What's going well?
Gross margin improved, meaning the company is making more on each sale before overhead. Share count is stable, so dilution isn't hurting shareholders.
What's concerning?
Revenue dropped sharply, operating expenses ballooned, and a large one-time charge pushed losses much higher. The company is burning cash and not close to profitability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $314K ▼ | $61.27M ▼ | $39.38M ▲ | $21.89M ▼ |
| Q2-2025 | $569K ▼ | $63.65M ▼ | $34.21M ▼ | $29.44M ▼ |
| Q1-2025 | $1.15M ▲ | $66.99M ▲ | $37.12M ▼ | $29.87M ▲ |
| Q4-2024 | $1.04M ▲ | $65.21M ▼ | $39.75M ▲ | $25.46M ▼ |
| Q3-2024 | $868K | $67.56M | $39.27M | $28.29M |
What's financially strong about this company?
The company paid down a large amount of debt this quarter, reducing financial risk. Current assets increased, and deferred revenue shows some customers are paying upfront.
What are the financial risks or weaknesses?
Cash is very low, equity is shrinking, and most assets are intangible. Inventory piled up and payables are rising, which could signal operational trouble. Retained losses are large.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-7.86M ▼ | $-1.61M ▼ | $-709K ▼ | $2.06M ▲ | $-255K ▲ | $-1.71M ▼ |
| Q2-2025 | $-1.82M ▼ | $3.22M ▲ | $-643K ▼ | $-3.16M ▼ | $-580K ▼ | $3.12M ▲ |
| Q1-2025 | $3.37M ▲ | $-2.45M ▼ | $-621K ▼ | $3.18M ▲ | $112K ▼ | $-2.46M ▼ |
| Q4-2024 | $-2.84M ▼ | $-1.37M ▼ | $-499K ▲ | $2.04M ▲ | $169K ▲ | $-1.87M ▼ |
| Q3-2024 | $54K | $544K | $-807K | $-2.96M | $-3.22M | $-263K |
What's strong about this company's cash flow?
Non-cash expenses make up most of the losses, and capital spending is low. If the business can return to positive cash flow, the cash needs could drop quickly.
What are the cash flow concerns?
Cash burn has returned, the company is now borrowing to survive, and the cash balance is critically low. Working capital is also moving in the wrong direction, and there are no shareholder returns.
Revenue by Geography
| Region | Q1-2013 | Q2-2013 | Q3-2013 | Q4-2013 |
|---|---|---|---|---|
C | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
C A | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
U | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
U S | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Creative Realities, Inc.'s financial evolution and strategic trajectory over the past five years.
CREX’s core strengths include strong and sustained revenue growth, improved gross profitability, and a shift from heavily negative to modestly positive operating metrics. Its integrated, end-to-end service model, proprietary CMS and monetization platforms, and experience with large enterprise deployments give it a differentiated position in digital signage. The asset base has expanded meaningfully through acquisitions, giving the company greater scale, customer reach, and a broader technology toolkit to leverage in the market.
Key risks stem from financial and competitive pressures. The company still has a history of recurring net losses and deeply negative retained earnings, with thin and volatile free cash flow and a weakening cash position. Liquidity metrics are strained, and leverage remains a concern, making CREX more vulnerable to operational setbacks or tighter credit conditions. On the strategic side, it competes against larger, well-funded rivals in a fast-moving technology space, while reported R&D cuts may limit its ability to keep pace with innovation demands over time.
Looking ahead, CREX’s future will likely be driven by its ability to turn strong top-line growth and improved operating performance into consistent profitability and healthier cash generation, while carefully managing its balance sheet. If it can keep winning and scaling large enterprise contracts, grow adoption of its monetization and analytics platforms, and maintain service quality, the business could continue to gain relevance in its niche. At the same time, its elevated financial risk and reliance on continued execution mean outcomes remain highly sensitive to both market conditions and internal discipline, and the path to a more robust financial profile is still a work in progress.

CEO
Richard C. Mills
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2023-03-27 | Reverse | 1:3 |
| 2018-11-05 | Reverse | 1:30 |
ETFs Holding This Stock
Summary
Showing Top 2 of 13
Ratings Snapshot
Rating : C+
Price Target
Institutional Ownership
CERITY PARTNERS LLC
Shares:331.93K
Value:$1.16M
VANGUARD GROUP INC
Shares:285.58K
Value:$999.55K
AYRTON CAPITAL LLC
Shares:256.58K
Value:$898.04K
Summary
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