# 8x8, Inc. (EGHT)

> Source: Nexqual · https://nexqual.com/EGHT · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, 8x8, Inc. (EGHT), nexqual.com/EGHT" · informational, not investment advice.

**Price:** USD 2.27 (+2.25% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 2.22 · day 2.1–2.27 · 52w 1.57–2.88 · market cap $328M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $745M, net income $4.8M (0.6% margin), free cash flow $57.0M (SEC filings).
- Valuation: P/E 68.8x (avg 143.7x at the last 1 fiscal year-ends).
- Analysts: Hold (mean 2.67 on a 1–5 scale) (3 analysts), mean target USD 2.58 (range 1.5–3.25).
- Total return with dividends: 1Y +21.3% vs S&P 500 +14.8%; 5Y -90.0% vs S&P 500 +79.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.08, revenue estimate $188M. All companies reporting that day: https://nexqual.com/earnings/2026-11-04
- Dividend: EGHT paid no cash dividend in the last five years.
- Short interest: 1.89% of float (as of 2026-10-15), 1.7 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $638M | $744M | $729M | $715M | $736M | $745M |
| Gross profit | $391M | $502M | $504M | $485M | $475M | — |
| Operating income | -$154M | -$66.3M | -$27.6M | $15.2M | $18.9M | $22.8M |
| Net income | -$175M | -$73.1M | -$67.6M | -$27.2M | $1.6M | $4.8M |
| EPS (diluted) | -$1.55 | -$0.63 | -$0.56 | -$0.21 | $0.01 | — |
| Free cash flow | $30.5M | $45.8M | $76.3M | $61.2M | $52.1M | $57.0M |
| Gross margin | 61.2% | 67.5% | 69.1% | 67.9% | 64.6% | — |
| Operating margin | -24.2% | -8.9% | -3.8% | 2.1% | 2.6% | 3.1% |
| Net margin | -27.5% | -9.8% | -9.3% | -3.8% | 0.2% | 0.6% |
| Revenue growth | +19.9% | +16.6% | -2.0% | -1.9% | +2.9% | — |
| Cash + short-term investments | $136M | $138M | $117M | $88.0M | — | — |
| Total debt | $447M | $197M | $410M | $350M | $321M | — |
Fiscal years end Mar. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 68.8x · P/S 0.4x · P/FCF 5.8x · P/B 2.2x · FCF yield 17.37% · Earnings yield 1.45% · Buyback yield (TTM) 0.00%
P/E at fiscal year-ends: Mar 2026 143.7x.

## Analysts
Consensus Hold (mean 2.67 on a 1–5 scale), 3 analysts; mean target USD 2.58 (low 1.5, high 3.25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-10 | Rosenblatt | Maintained | Buy | $3 |
| 2026-08-05 | B. Riley Securities | Target raised | Buy | $3 → $3.25 |
| 2026-08-05 | Rosenblatt | Maintained | Buy | $3 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +21.3% | -90.0% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +21.5% | -36.8% |
| Volatility (annualized) | 82.8% | 74.3% |
| Max drawdown | -41.3% (May 2026→Jul 2026) | -93.1% (Nov 2021→Apr 2025) |

## Dividends
EGHT paid no cash dividend in the last five years.

## Short interest
2,679,713 shares sold short, 1.89% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 3,431,116 shares (-21.9%). Days to cover: 1.7 (short shares ÷ average daily volume).

## Peers (Software - Application)
RNG (Ringcentral, Inc.) USD 83.7 -2.90% · APPF (AppFolio, Inc.) USD 207.05 +1.00% · TTAN (ServiceTitan, Inc.) USD 80.73 -0.16% · DSGX (The Descartes Systems Group Inc) USD 92.03 -0.36% · IDCC (InterDigital, Inc.) USD 334.27 +4.28% · YMM (Full Truck Alliance Co. Ltd.) USD 8.09 +0.12%

## More
Full page: https://nexqual.com/EGHT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service | $185.3M | 97.5% | +5.1% |
| Total service revenue | $185.3M | 97.5% | +5.1% |
| Subscription revenue | $137.4M | 72.3% | -6.5% |
| Platform usage revenue | $47.9M | 25.2% | +63.1% |
| Other revenue | $4.8M | 2.5% | -4.5% |
| Other revenue | $4.8M | 2.5% | -4.5% |
| Total revenue | $190.2M | 100% | — |
The lines above cover 297.5% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $105.8M | 55.6% | -6.4% |
| Other International | $51.0M | 26.8% | +36.0% |
| United Kingdom | $33.3M | 17.5% | +8.4% |
| Total revenue | $190.2M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.08 | $0.08 | -4.0% | $187.6M | 3 |
| Next quarter (ends 2026-12-31) | $0.09 | $0.09 | -3.6% | $188.6M | 3 |
| Current fiscal year (ends 2027-03-31) | $0.35 | $0.36 | -0.9% | $755.5M | 3 |
| Next fiscal year (ends 2028-03-31) | $0.37 | $0.36 | +3.7% | $779.0M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±18.0%; last 8 reports averaged ±13.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 78.1% | ±18.0% |
| 2027-02-19 | 113 | 85.6% | ±47.2% |
| 2027-05-21 | 204 | 74.4% | ±49.4% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 4, 2026 | Quarter ended Jun 30, 2026 | $0.09 | $0.08 | Beat +12.5% | +12.1% |
| May 19, 2026 | Quarter ended Mar 31, 2026 | $0.11 | $0.08 | Beat +37.5% | -5.4% |
| Feb 3, 2026 | Quarter ended Dec 31, 2025 | $0.12 | $0.09 | Beat +33.3% | +41.9% |
| Nov 4, 2025 | Quarter ended Sep 30, 2025 | $0.09 | $0.07 | Beat +28.6% | +18.3% |
| Aug 5, 2025 | — | — | — | — | -5.9% |
| May 19, 2025 | — | — | — | — | -0.6% |
| Feb 4, 2025 | — | — | — | — | -1.1% |
| Nov 4, 2024 | — | — | — | — | +25.0% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-09-09 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/1023731/000102373126000141/0001023731-26-000141-index.htm |
| 2026-08-06 | 8-K/A | Shareholder vote results | https://www.sec.gov/Archives/edgar/data/1023731/000102373126000129/0001023731-26-000129-index.htm |
| 2026-08-05 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1023731/000102373126000114/0001023731-26-000114-index.htm |
| 2026-08-04 | 8-K | Quarterly results | https://www.sec.gov/Archives/edgar/data/1023731/000102373126000107/0001023731-26-000107-index.htm |
| 2026-08-03 | 8-K | Shareholder vote results | https://www.sec.gov/Archives/edgar/data/1023731/000102373126000102/0001023731-26-000102-index.htm |
| 2026-07-30 | 8-K | Director or executive officer change, or pay arrangement | https://www.sec.gov/Archives/edgar/data/1023731/000102373126000100/0001023731-26-000100-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.