Alithya Group (ALYA) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 Q4 revenues were $113.8 million, down 9.2% year-over-year, while full-year revenues rose 0.8% to $477.4 million.

• Gross margin improved to 37.8% in Q4 and 34.0% for the year, despite lower revenues.

• Q4 net loss was $8.7 million versus net earnings of $8.0 million last year; full-year net loss was $38.8 million, mainly due to a $41.1 million impairment charge.

• Adjusted net earnings for Q4 were $7.7 million ($0.08/share), down year-over-year but up sequentially; full-year adjusted net earnings were $28.8 million.

• Integration of eVerge and XRM Vision acquisitions contributed to U.S. growth and increased AI activities.

Financial highlights

• Q4 gross margin reached 37.8% (up from 36.8%), supported by $5.8 million in non-refundable tax credits; excluding credits, margin was 32.7%.

• Adjusted EBITDA for Q4 was $12.7 million (11.1% of revenue), down from $18 million (14.4%) last year; full-year Adjusted EBITDA was $47.1 million (9.9% margin).

• Net cash from operating activities was $3.5 million in Q4 and $25.8 million for the year, both down from prior-year periods.

• Bookings for Q4 were $94.3 million (Book-to-Bill Ratio 0.83); full-year bookings were $434.2 million (Book-to-Bill Ratio 0.91).

• SG&A expenses were $31.8 million (28% of Q4 revenue), up year-over-year, mainly from acquisitions and higher compensation.

Outlook and guidance

• Management expects to leverage AI, expand service offerings, and pursue new contracts and markets as part of its three-year strategic plan.

• Pipeline of qualified opportunities remained stable, with demand shifting toward modernization, cloud transformation, and AI adoption.

• No formal guidance provided for upcoming quarters.