Also trades as: DSG.TO (TSX) · $vol 40M

$92.18

-2.59 (-2.73%)

Weekly Expected Move ±3.7%

$87 $90 $94 $97 $101

NASDAQ · Technology · Software - Application · Tech Score Strong Buy · Power 79 · $7.9B mcap · 85M float · 0.692% daily turnover · Short 66% of daily vol

Credit Risk of going bust: lower than 95% of companies Debt: 0.1% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $0.01 (down more than 99.9%), The Descartes Systems Group Inc. would be worth roughly what it owes.
Total debt $7.5M against a stock market value of $7.89B.
Distance to default 18.78 (Merton model): prices to 2026-10-27, balance sheet 2026-07-31, debt counted $3.3M (short-term plus half of long-term), stock volatility 41.2%; Altman Z'' 8.22. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$729M +12.0% ▲

5Y CAGR: +11.4%

Gross Profit

$562M +14.1% ▲

5Y CAGR: +11.7%

Operating Income

$220M +21.7% ▲

5Y CAGR: +16.3%

Net Income

$164M +14.3% ▲

5Y CAGR: +13.7%

EPS (Diluted)

$1.91 +16.5% ▲

5Y CAGR: +13.8%

EBITDA

$305M +15.8% ▲

5Y CAGR: +13.0%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$486M	$573M	$651M	$745M	$729M
YoY Growth	+14.4%	+17.9%	+13.6%	+14.4%	+12.0%
Cost of Revenue	$113M	$138M	$159M	$254M	$167M
Gross Profit	$373M	$435M	$492M	$491M	$562M
Gross Margin	76.7%	75.9%	75.6%	65.9%	77.1%
R&D Expenses	$70M	$84M	$95M	$108M	$105M
SG&A Expenses	$106M	$126M	$139M	$155M	$155M
Operating Expenses	$242M	$292M	$311M	$251M	$342M
Operating Income	$130M	$143M	$181M	$241M	$220M
Operating Margin	26.8%	24.9%	27.8%	32.3%	30.2%
Interest Expense	$1M	$1M	$1M	$988K	$988K
Income Before Tax	$134M	$151M	$192M	$222M	$217M
Tax Expense	$31M	$35M	$48M	$54M	$53M
Net Income	$102M	$116M	$143M	$167M	$164M
Net Margin	21.0%	20.2%	22.0%	22.5%	22.5%
EPS (Diluted)	$1.18	$1.34	$1.64	$1.91	$1.91
EBITDA	$197M	$219M	$264M	$330M	$305M
Shares Outstanding	86M	87M	87M	88M	88M

Line Item	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4	FY2027 Q1	FY2027 Q2
Revenue	$186M	$167M	$169M	$180M	$186M	$195M	$194M	$201M
Cost of Revenue	$63M	$39M	$40M	$42M	$63M	$23M	$43M	$44M
Gross Profit	$123M	$128M	$129M	$138M	$123M	$171M	$150M	$157M
Gross Margin	66.3%	76.4%	76.4%	76.9%	66.3%	88.1%	77.6%	77.9%
R&D Expenses	$26M	$25M	$25M	$27M	$26M	$27M	$27M	$28M
SG&A Expenses	$41M	$35M	$35M	$38M	$41M	$42M	$42M	$44M
Operating Expenses	$62M	$81M	$83M	$90M	$62M	$107M	$87M	$90M
Operating Income	$62M	$47M	$46M	$48M	$62M	$64M	$64M	$67M
Operating Margin	33.1%	28.1%	27.4%	26.8%	33.1%	33.1%	32.9%	33.2%
Interest Expense	$242K	$244K	$236K	$243K	$242K	$268K	$236K	$239K
Income Before Tax	$58M	$49M	$48M	$49M	$58M	$62M	$65M	$69M
Tax Expense	$14M	$11M	$12M	$11M	$14M	$16M	$17M	$19M
Net Income	$43M	$37M	$36M	$38M	$43M	$46M	$48M	$50M
Net Margin	23.4%	22.3%	21.5%	21.1%	23.4%	23.7%	25.0%	24.9%
EPS (Diluted)	$0.50	$0.43	$0.41	$0.43	$0.50	$0.57	$0.56	$0.57
EBITDA	$80M	$67M	$69M	$72M	$80M	$85M	$84M	$88M
Shares Outstanding	88M	88M	88M	88M	88M	88M	87M	87M

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