Kinaxis Inc. Reports Third Quarter 2025 Results

Executive Summary

• Kinaxis reported record Q3 2025 results, with total revenue up 11% YoY to $134.6 M and SaaS revenue up 17% to $92.0 M (15% constant‑currency).
• Adjusted EBITDA reached a new high of $33.9 M (13% YoY) with a 25% margin, while net profit more than doubled to $16.8 M.
• The company raised its FY 2025 revenue guidance to $535‑$550 M and reaffirmed a 24‑26% Adjusted EBITDA margin target, reflecting strong ARR growth (17% YoY to $407 M) and the launch of “Maestro Agents” as a new revenue stream.

Key Details

• Revenue & Growth – Total Q3 2025 revenue: $134.6 M (+11% YoY); SaaS revenue: $92.0 M (+17% YoY, +15% constant‑currency).
• ARR – Annual Recurring Revenue increased 17% YoY to $407 M; future contracted revenue (2025‑2027+) totals $846.1 M.
• Profitability – Adjusted EBITDA: $33.9 M (+13% YoY) at a 25% margin; net profit: $16.8 M (+150% YoY).
• Guidance Update (FY 2025) – Total revenue: $535‑$550 M; SaaS growth: 15‑17% (14‑16% constant‑currency); Subscription term license revenue: $15‑$16 M; Adjusted EBITDA margin: 24‑26%.
• New Product – Launch of initial “Maestro Agents” creating a new revenue stream; early adoption by a top‑10 global pharmaceutical company, delivering up to tenfold planner productivity gains.
• Cash Flow – Cash from operating activities: $33.6 M (+12% YoY); cash and equivalents end‑quarter: $126.5 M.
• Balance Sheet Highlights – Share capital increased to $338.3 M; total equity at $447.0 M.
• Conference Call – Scheduled for November 6, 2025, 8:30 a.m. ET (registration link provided).

Notable Quotes

• “Our momentum continues as record new business…allows us to confidently target even stronger results for fiscal 2025.” – Bob Courteau, interim CEO.
• “We’ve been successful in simultaneously improving growth and profitability…testimony to demand in our space.” – Blaine Fitzgerald, CFO.