Information Services (ISC) Q1 2026 earnings summary

Executive summary

• Achieved strong performance in Q1 2026, led by Saskatchewan Registries and a buoyant real estate market.

• Record revenue in Recovery Solutions, reflecting increased customer demand and favorable market conditions.

• Strategic Review ongoing, with potential for significant strategic changes.

Financial highlights

• Revenue reached $61.8 million, up 4% year-over-year from $59.3 million.

• Net income was $9.2 million ($0.49 per share), up from $7.5 million ($0.40 per share) in Q1 2025.

• Adjusted net income was $13.7 million ($0.73 per share), up from $11.4 million ($0.62 per share).

• Adjusted EBITDA was $24.3 million, up from $21.8 million; margin improved to 39% from 37%.

• Adjusted free cash flow was $17.0 million, up from $15.2 million.

• Net cash flow from operating activities was $13.7 million, up $7.9 million year-over-year.

Outlook and guidance

• 2026 revenue expected between $273.0 million and $283.0 million; adjusted EBITDA between $100.0 million and $107.0 million.

• Registry Operations to benefit from strong Saskatchewan economy and real estate market.

• Services segment anticipates growth from new customer onboarding and continued consumer delinquencies in automotive market.

• Technology Solutions expects growth from third-party contracts and registry enhancements.

• Company aims to maintain net leverage target of 2.0x–2.5x.