Q1 2026 Highlights

 

Revenue (in $ millions)

 

SaaS Subscription

Recurring

Total

Reported

Y/Y growth

Reported

Y/Y growth

Reported

Y/Y growth

$8.1

4.9%

 

$11.1

1.1%

 

$14.7

(9.7)%

 

SaaS ARR up 7% Y/Y to $33.6 million;

Total ARR up 3% Y/Y to $45.6 million;

Gross Profit margin of 57%;

Recurring Revenue at 75% of Total Revenue;

Net Loss of $3.8 million; and

Adjusted EBITDA1 margin of 7.9% or $1.2 million

CALGARY, Alberta, May 12, 2026 (GLOBE NEWSWIRE) -- Sylogist Ltd. (TSX:SYZ) ("Sylogist" or the "Company"), a leading public sector SaaS company, today announced its financial results for the three months ended March 31, 2026.

"The Company remains focused on completing the final steps in its transformation to a dynamic SaaS business model," said Craig O'Neill, Interim President and CEO of Sylogist. "Following several years of investment, we ...