Sangoma Technologies (STC) Q4 2026 earnings summary

Executive summary

• Revenue for Q4 2026 was $49.8 million, up 0.21% sequentially; excluding divested VoIP Supply, revenue was 4% lower year-over-year on a like-for-like basis.

• Gross profit for Q4 was $32.3 million (65% margin); excluding a $3.0 million inventory write-down, gross profit was $35.3 million (71% margin).

• Net loss for Q4 was $72.5 million, impacted by a $68.4 million non-cash goodwill impairment and the inventory write-down.

• Adjusted EBITDA for Q4 was $6.5 million (13% of revenue); full-year Adjusted EBITDA was $28.7 million (14% of revenue).

• Company entered into a definitive agreement to be acquired, subject to closing conditions.

Financial highlights

• Full-year 2026 revenue was $200.1 million; service/product mix was 92%/8%.

• Full-year gross profit was $140.7 million (70% margin), or $143.7 million (72% margin) excluding the inventory write-down.

• Operating expenses for the year were $154.3 million, down 5% year-over-year.

• Full-year net loss was $81.1 million, compared to a $5.0 million loss in the prior year.

• Free cash flow for the year was $15.7 million; net cash from operations was $23.7 million.

Outlook and guidance

• No guidance for fiscal 2027 provided due to the pending acquisition.