DSGX

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The Descartes Systems Group Inc.

Recurring revenue Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $80.08
52-Week Range: $62.56 – $98.35
Market Cap: $6.92B
P/E (TTM): 38.15
EPS (TTM): 2.12
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 4.20
PEG Ratio: 1.56
Return on Equity: 11.95%
Return on Assets: 8.34%
Gross Margin: 77.61%
Operating Margin: 33.18%
Profit Margin: 24.25%
Current Ratio: 2.02
Debt/Equity: 0.00
Total Debt: $7.54M
Free Cash Flow: $301.86M
Revenue Growth: 11.80%
Earnings Growth: 32.60%
Enterprise Value: $6.46B

DSGX Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$486.01M	$572.93M	$651.00M	$728.99M
Cost of Revenue	$113.33M	$138.29M	$158.57M	$167.06M
Gross Profit	$372.69M	$434.64M	$492.43M	$561.93M
Research & Development	$70.35M	$84.10M	$95.50M	$105.31M
Selling, General & Admin	$106.28M	$125.53M	$138.94M	$155.03M
Operating Expenses	$236.81M	$270.14M	$303.84M	$341.52M
Operating Income	$135.88M	$164.50M	$188.59M	$220.41M
EBITDA	$200.30M	$218.49M	$267.63M	$305.19M
Pretax Income	$133.73M	$151.15M	$191.63M	$217.09M
Income Tax	$31.49M	$35.24M	$48.36M	$53.32M
Net Income	$102.24M	$115.91M	$143.27M	$163.77M
Diluted EPS	1.18	1.34	1.64	1.87
Diluted Shares	86.45M	86.82M	87.32M	87.58M

DSGX Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$276.38M	$320.95M	$236.14M	$356.53M
Receivables	$56.83M	$63.76M	$70.88M	$91.22M
Inventory	$759.00K	—	$715.00K	$101.00K
Current Assets	$358.65M	$418.18M	$352.57M	$482.07M
Total Assets	$1.32B	$1.47B	$1.65B	$1.90B
Current Liabilities	$169.59M	$203.63M	$217.03M	$223.22M
Total Debt	$7.32M	$6.98M	$7.90M	$8.36M
Total Liabilities	$216.65M	$236.25M	$262.38M	$276.75M
Retained Earnings	$104.85M	$220.75M	$364.03M	$526.98M
Shareholders' Equity	$1.10B	$1.24B	$1.39B	$1.62B
Working Capital	$189.06M	$214.55M	$135.54M	$258.84M

DSGX Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$192.40M	$207.68M	$219.27M	$266.25M
Capital Expenditure	-$6.07M	-$5.56M	-$6.74M	-$5.73M
Free Cash Flow	$186.32M	$202.12M	$212.53M	$260.52M
Depreciation & Amortisation	$65.40M	$65.97M	$74.99M	$87.13M
Stock-Based Compensation	$13.67M	$16.48M	$19.96M	$20.91M
Investing Cash Flow	-$121.63M	-$148.26M	-$296.95M	-$157.35M
Financing Cash Flow	-$4.60M	-$14.74M	-$3.63M	$5.02M
Share Repurchases	—	$0.00	$0.00	-$892.00K
Net Change in Cash	$66.16M	$44.68M	-$81.31M	$113.91M

DSGX Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Revenue	$168.74M	$179.81M	$187.68M	$192.76M	$193.62M	$201.11M
Cost of Revenue	$39.75M	$41.59M	$42.47M	$43.26M	$43.45M	$44.40M
Gross Profit	$128.99M	$138.23M	$145.21M	$149.50M	$150.18M	$156.71M
Research & Development	$25.07M	$26.75M	$26.59M	$26.89M	$27.40M	$28.29M
Selling, General & Admin	$35.16M	$37.67M	$40.61M	$41.59M	$41.91M	$43.62M
Operating Expenses	$79.34M	$84.92M	$87.90M	$89.35M	$86.57M	$89.98M
Operating Income	$49.65M	$53.30M	$57.31M	$60.15M	$63.61M	$66.73M
EBITDA	$68.72M	$71.74M	$80.75M	$83.97M	$84.27M	$88.45M
Pretax Income	$47.92M	$49.49M	$58.34M	$61.34M	$65.28M	$68.55M
Income Tax	$11.68M	$11.47M	$14.44M	$15.73M	$16.81M	$18.52M
Net Income	$36.24M	$38.02M	$43.90M	$45.60M	$48.48M	$50.03M
Diluted EPS	0.41	0.43	0.50	—	0.55	0.57
Diluted Shares	87.58M	87.59M	87.61M	—	87.39M	87.06M

DSGX Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Cash & Equivalents	$176.41M	$240.63M	$278.79M	$356.53M	$376.98M	$401.06M
Receivables	$76.10M	$80.44M	$87.55M	$91.22M	$91.03M	$89.16M
Inventory	—	—	$207.00K	$101.00K	$251.00K	$411.00K
Current Assets	$295.61M	$360.69M	$401.10M	$482.07M	$502.45M	$523.86M
Total Assets	$1.71B	$1.76B	$1.82B	$1.90B	$1.92B	$1.96B
Current Liabilities	$218.85M	$211.89M	$218.67M	$223.22M	$245.16M	$259.58M
Total Debt	$7.93M	$7.97M	$7.60M	$8.36M	$8.13M	$7.54M
Total Liabilities	$257.95M	$256.14M	$269.13M	$276.75M	$290.88M	$312.32M
Retained Earnings	$400.27M	$438.29M	$482.19M	$526.98M	$536.77M	$557.17M
Shareholders' Equity	$1.45B	$1.50B	$1.55B	$1.62B	$1.63B	$1.65B
Working Capital	$76.76M	$148.80M	$182.44M	$258.84M	$257.30M	$264.27M

DSGX Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Operating Cash Flow	$53.60M	$63.34M	$73.36M	$75.95M	$75.14M	$81.26M
Capital Expenditure	-$1.86M	-$1.24M	-$1.20M	-$1.43M	-$2.58M	-$1.99M
Free Cash Flow	$51.74M	$62.10M	$72.16M	$74.52M	$72.56M	$79.27M
Depreciation & Amortisation	$20.56M	$22.00M	$22.17M	$22.39M	$18.75M	$19.66M
Stock-Based Compensation	$4.37M	$4.45M	$5.94M	$6.15M	$7.00M	$7.77M
Investing Cash Flow	-$114.19M	-$3.52M	-$38.21M	-$1.43M	-$32.30M	-$31.44M
Financing Cash Flow	-$2.97M	$3.64M	$2.96M	$1.39M	-$21.81M	-$24.00M
Share Repurchases	$0.00	$0.00	—	—	-$20.78M	-$24.33M
Net Change in Cash	-$63.55M	$63.46M	$38.10M	$75.90M	$21.03M	$25.82M

Market Snapshot

About

The Descartes Systems Group Inc. is a Canadian software company providing logistics and supply chain management solutions. The company offers cloud-based technology platforms for routing, mobile, and telematics; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and e-commerce solutions. Descartes serves logistics service providers, freight forwarders, customs brokers, carriers, and companies with complex shipping needs. The company operates globally with a focus on helping businesses improve efficiency and compliance in their supply chain operations.