D-BOX Reports Multiple Record Setting Quarter and $4.5 Million Net Profit in Second Quarter Fiscal 2026

Executive Summary

• D‑BOX Technologies reported record Q2 FY2026 results, with royalties of $4.5 M (+40% YoY), total revenues of $16.1 M (+33% YoY), and net profit of $4.5 M (up 123% YoY) after a $0.4 M restructuring charge.
• Theatrical system sales surged 62% YoY to a record $6.4 M, driving the overall revenue increase; total active screens reached 1,084 (+13.5% YoY).
• The company ended the quarter with strong liquidity: $10.6 M cash and only $0.4 M non‑interest‑bearing debt, having paid off all interest‑bearing obligations.

Key Details

• Royalties: $4.5 M (40% YoY increase); 13.5% YoY growth in screen footprint to 1,084 active screens.
• System Sales – Theatrical: $6.428 M (62% YoY increase), record high; contributed 65% of total revenues for the first half.
• System Sales – Simulation & Training: $1.781 M (‑17% YoY).
• System Sales – Sim Racing: $2.612 M (23% YoY increase).
• Other System Sales: $0.811 M (19% YoY increase).
• Total System Sales Q2: $11.632 M (+30% YoY).
• Total Revenues Q2: $16.108 M (+33% YoY).
• Adjusted EBITDA: $5.594 M (record; 35% margin, up 93% YoY).
• Net Profit: $4.526 M (up 123% YoY) after a $0.357 M restructuring charge related to CFO transition.
• Gross Margin: 55% (up 2 p.p. YoY).
• Operating Expenses: $4.316 M (+2% YoY); operating expense ratio fell to 27% of revenues (down 8 p.p.).
• Cash Position: $10.606 M cash; total debt $0.411 M (non‑interest bearing).
• Liquidity: Net cash (net debt) $10.195 M.
• Year‑to‑Date Highlights:
• Theatrical revenues up 132% YoY; royalties up 51% YoY.
• H1 net profit $6.478 M (up 303% YoY).
• Gross margin improved to 56% (up 3 p.p.).
• Restructuring Charges: $0.357 M in Q2 and $1.207 M YTD related to CFO/CEO transitions.

Notable Quotes

“In Q2 2026, D‑BOX royalties continued to outpace market benchmarks… our ongoing screen expansion underscores the value we contribute through our immersive technology to the theatrical ecosystem.” – Naveen Prasad, CEO

All figures are in Canadian dollars and unaudited.