CALGARY, AB, April 22, 2026 /CNW/ - Renoworks Software Inc. (TSXV:RW) ("Renoworks" or the "Company), an industry leader in visualization and lead generation technology for the home renovation and new construction sector, announces its annual and fourth quarter 2025. The financial statements and related management's discussion and analysis ("MD&A") can be viewed on SEDAR+ at www.sedarplus.ca. Unless otherwise stated, all dollar amounts are Canadian dollars.
Financial highlights for the 2025 fiscal year with comparatives for 2025 are as follows:
Revenues of $7,739,358, a 12% increase from the prior period's $6,942,578.
Deferred Revenue of $2,436,650 December 31, 2025 compared to $2,519,797 at December 31, 2024.
Recurring revenue of $3,662,811 versus $2,764,398 for the same period in 2024, a 33% increase.
Gross margin of 77% versus 74% in 2024.
Net profit of $18,519 compared to a net profit of $133,058 for the same period in 2024.
Cash at December 31, 2025 was $1,444,728, a decrease of $91,943 from $1,536,671at the end of fiscal 2024.
The Company's working capital at December 31, 2025 was a positive $459,164 compared to a negative working capital of $121,451 at December 31, 2024 an increase of $580,615 primarily due to an increase in trade and other receivables and contract assets. Excluding deferred revenue, a significant non-cash item included in working capital, the Company's working capital at December 31, 2025 is positive $2,381,953 ($2,157,879, Dec 31, 2024).
As at December 31, 2025, the Company had 40,867,968 common shares issued and outstanding.
Financial highlights for the fourth quarter of fiscal 2025 with comparatives for 2024 are as follows:
Quarterly revenue of $1,723,794 for the three months ended December 31, 2025 versus $1,732,703 in 2024.
Recurring revenue of $989,813 versus $802,548 for the same period in 2024, a 23% increase.
Gross margins continue to be strong at 80% and 74%, respectively for the fourth quarters of 2025 and 2024.
Net loss of $94,551 for the quarter ended December 31, 2025 compared to a net income of $135,688 in 2024.
Renoworks reported a 12% increase in revenues for the 2025 fiscal year compared to the same period in 2024. This growth was driven by a 33% rise in licensing revenue and a 38% increase in implementation revenue. The Company earned aggregate revenues of $7,739,358, including $3,662,811 from licensing and hosting, $2,527,453 from design services, $851,575 from libraries, and $697,519 from implementation fees.
Net profit for the fiscal year ended December 31, 2025, was $18,518, a decrease compared to the net income of $133,058 reported for the same period in 2024. The decrease was primarily driven by increased overall expenditures to support the company's growth as well as decreased foreign exchange gains.
"2025 was a pivotal year for Renoworks as we made meaningful progress in ...
