Tecsys Inc., an industry-leading supply chain management SaaS company, announced its results for the first quarter of fiscal 2026, ended July 31, 2025. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS).
“We are pleased to begin the first quarter of fiscal 2026 with 25% SaaS revenue growth and a 24% increase in profitability over last year,” said Peter Brereton, president and CEO of Tecsys. “Our pipeline has grown substantially over the summer months both on the new account side and expansions. The most successful user conference in our history was certainly a contributor with attendance rising by 25% over the previous conference. Our new location in Bangalore is up and running and already contributing to our results and our product development. We remain confident in our outlook for the remainder of fiscal 2026.”
Mark Bentler, chief financial officer, added: “On top of our solid SaaS revenue growth in the quarter, we saw professional services revenue growth of 20% amid continuing robust implementation activity. Based on our first quarter performance and visibility for the balance of the year, we are maintaining our full fiscal 2026 guidance for total revenue growth, SaaS revenue growth, and Adjusted EBITDA margin i.”
First Quarter Highlights:
- SaaS revenue increased by 25% to $19.1 million, up from $15.3 million in Q1 2025.
- SaaS ARRii increased by 21% to $79.3 million on July 31, 2025, compared to $65.8 million on July 31, 2024.
- SaaS Remaining Performance Obligation (RPOii) increased by 16% to $226.3 million at July 31, 2025, up from $194.9 million at the same time last year.
- Total revenue increased to $46.0 million compared to $42.3 million in Q1 2025.
- Net profit was $0.8 million ($0.05 per fully diluted share) in Q1 2026 and Q1 2025.
- Adjusted EBITDAi was $3.2 million compared to $2.6 million reported in Q1 last year.
- In the first quarter of fiscal 2026, Tecsys acquired 21,300 of its outstanding common shares for approximately $0.8 million as part of its ongoing Normal Course Issuer Bid, compared to 59,600 common shares acquired in the same period last year for approximately $2.2 million.
Q1 2026 Financial Results Conference Call
Date: September 5, 2025
Time: 8:30 a.m. ET
Phone number: 800-836-8184 or 646-357-8785
The call can be replayed until September 12, 2025, by calling:
888-660-6345 or 646-517-4150 (access code: 21406#)
i See Non-IFRS Performance Measures in Management’s Discussion and Analysis of the Q1 2026 Interim Financial Statements.
ii See Key Performance Indicators in Management’s Discussion and Analysis of the Q1 2026 Interim Financial Statements.
