Northwire Canada EditionSaturday, July 11, 2026
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Earnings Routine −

Alithya Reports Fourth Quarter and Fiscal 2026 Results

Revenue contraction and booking softness offset margin gains; skepticism already discounted.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 07:16 ALYA · 1.2 ALITHYA GROUP INC. J CL 'A' SV
Executive Summary
  • Q4 FY2026 revenue declined 9.2% YoY to $113.8 million (-7.6% constant dollar).
  • Net loss widened to $8.7 million ($0.09/share) versus net earnings of $8.0 million ($0.08/share) in Q4 2025.
  • Fiscal 2026 revenue grew 0.8% to $477.4 million, but the company reported a net loss of $38.8 million ($0.40/share) primarily driven by a $41.1 million impairment charge recorded in Q2.
  • Adjusted EBITDA declined to $12.7 million in Q4 (11.1% margin) and $47.1 million for the full year (9.9% margin).
  • Q4 bookings reached $94.3 million with a Book-to-Bill ratio of 0.83, down from 1.14 in Q3. Backlog represents approximately 14 months of trailing 12-month revenues.
  • Liquidity: Drawings on senior secured revolving credit facility $86.3 million; additional capital resources available $69.4 million (cash + facility availability).
  • NCIB Update: Board authorized purchase of up to 5,939,183 shares (10% public float); as of March 31, 2026, 3,226,902 shares purchased/cancelled for $3,972,000 cash.
Material Impact
  • The news is Routine - Negative. Revenue missed, bookings softened, and the impairment overhang remains. The stock had already declined 15.5% into the print, discounting the miss. No new catalysts. The margin expansion is a positive but insufficient to offset top-line contraction. The market reaction (visible from the chart up to the print) aligns with the underlying facts: a company in transition, sacrificing volume for margin, with a deteriorating pipeline.
ALYA · Price
Company Overview
  • Alithya Group Inc. is a Canadian IT services and digital transformation company. Focuses on ERP, cloud, AI, and data analytics. Operates in North America.
Read the original news release →

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