SYLOGIST Reports Third Quarter 2025 Results

Executive Summary

• Sylogist Ltd. reported Q3 2025 revenue of $15.9 M, a 4.2% decline year‑over‑year, with SaaS subscription revenue up 11.9% to $8.3 M.
• SaaS ARR grew 15% YoY to $33.6 M; total ARR increased 5% YoY to $45.8 M, and SaaS net revenue retention (NRR) reached 106%.
• Adjusted EBITDA margin was 19.3% ($3.1 M); the company posted a net loss of $(0.9) M but generated a gross profit margin of 60% and announced a $0.01 per share dividend.

Key Details

• Revenue Breakdown (CAD millions): SaaS Subscription $8.3 (+11.9% YoY), Recurring $11.4 (+5.0% YoY), Total $15.9 (‑4.2% YoY).
• ARR Metrics: SaaS ARR $33.6 M (+15% YoY); Total ARR $45.8 M (+5% YoY).
• NRR: SaaS Net Revenue Retention 106%.
• Bookings: ARR Bookings $1.0 M; Total Contract Value of Bookings $5.9 M (48% partner‑driven).
• Profitability: Adjusted EBITDA $3.1 M; Adjusted EBITDA margin 19.3%; Gross profit margin 60%.
• Net Income: Net loss $(0.9) M for the quarter.
• Revenue Mix: Recurring revenue represents 72% of total revenue.
• Dividend: Board approved cash dividend of $0.01 per share; record date November 28, payable December 10, 2025.
• Management Commentary: CEO Bill Wood highlighted transformation to a SaaS‑driven model and increased partner contribution to ARR bookings.

Notable Quotes

“Our third quarter performance further validates our transformation to a SaaS‑driven enterprise,” – Bill Wood, CEO

Conference call scheduled for 8:30 a.m. EDT on November 6, 2025 (details above).