Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $185M | $204M | $237M | $275M | $326M | $349M | $425M | $573M | $651M | $729M |
| Revenue growth | — | 10.2% | 16.5% | 15.9% | 18.4% | 7.0% | 21.8% | 34.9% | 13.6% | 12.0% |
| Gross profit | $131M | $148M | $174M | $200M | $240M | $259M | $323M | $435M | $492M | $562M |
| Gross margin | 70.9% | 72.5% | 73.2% | 72.7% | 73.7% | 74.2% | 76.0% | 75.9% | 75.6% | 77.1% |
| Operating income | $28.1M | $30.7M | $35.9M | $41.4M | $52.3M | $71.4M | $103M | $143M | $181M | $210M |
| Operating margin | 15.2% | 15.1% | 15.1% | 15.1% | 16.0% | 20.5% | 24.4% | 24.9% | 27.8% | 28.8% |
| Net income | $20.6M | $23.8M | $26.9M | $31.3M | $37.0M | $52.1M | $86.3M | $116M | $143M | $164M |
| Net margin | 11.1% | 11.7% | 11.3% | 11.4% | 11.4% | 14.9% | 20.3% | 20.2% | 22.0% | 22.5% |
| EPS (diluted) | $0.27 | $0.31 | $0.35 | $0.40 | $0.45 | $0.61 | $1.00 | $1.34 | $1.64 | $1.87 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $54.2M | $72.6M | $72.1M | $78.1M | $104M | $131M | $176M | $208M | $219M | $266M |
| Capital expenditures | $4.31M | $4.91M | $5.09M | $5.24M | $4.90M | $3.76M | $4.83M | $5.56M | $6.74M | $5.73M |
| Free cash flow | $49.9M | $67.7M | $67.1M | $72.8M | $99.4M | $127M | $171M | $202M | $213M | $261M |
| Share buybacks | — | — | — | — | — | — | — | — | — | $892K |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $37.2M | $38.1M | $35.1M | $27.3M | $44.4M | $134M | $213M | — | $236M | $357M |
| Total assets | $453M | $501M | $625M | $653M | $943M | $1.06B | $1.19B | — | $1.65B | $1.90B |
| Total liabilities | $50.8M | $69.9M | $126M | $120M | $121M | $152M | $186M | — | $262M | $277M |
| Long-term debt | — | — | $37.0M | $25.5M | — | — | — | — | — | — |
| Shareholders' equity | $402M | $431M | $499M | $534M | $822M | $911M | $1000M | $1.24B | $1.39B | $1.62B |
| Retained earnings | -$262M | -$238M | -$212M | -$173M | -$136M | -$83.7M | $2.61M | — | $364M | $527M |
| Shares (wtd avg diluted) | 76.4M | 76.5M | 77.1M | 77.8M | 82.9M | 85.8M | 86.2M | 86.8M | 87.3M | 87.6M |
Every figure is extracted from DESCARTES SYSTEMS GROUP INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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