EDMONTON, AB, June 1, 2026 /CNW/ - Dr. Phone Fix Canada Corporation (TSXV: DPF) ("Dr. Phone Fix" or the "Company"), one of Canada's fastest-growing and award-winning consumer electronics repair and resale platforms, today reported financial results for the three months ended March 31, 2026, and provided an update on recent corporate developments. The Company operates a network of 44 corporately owned stores across five Canadian provinces.
Financial Results Summary (CAD)
(all dollar amounts in 000's)
Three Months Ended Mar 31, 2026
Three Months Ended Mar 31, 2025
Variance (%)
Revenue
3,162
2,196
+44 %
Gross Profit
1,621
1,210
+34 %
Gross Margin
51.3 %
55.1 %
-3.8 pp
Operating Expenses (SG&A)
2,476
1,754
+41 %
Adjusted EBITDA(1)
88
(13)
n/m
Cash
291
1,558
-81 %
(1) See Non-GAAP Financial Measure towards the end of this document.
"Q1 reflected continued progress in the execution of our strategy with revenue increasing 44% year-over-year and comparable-store sales increasing 29%, even in what is typically our seasonally weakest quarter," said Piyush Sawhney, Founder and Chief Executive Officer of Dr. Phone Fix. "We also delivered positive Adjusted EBITDA, generated positive operating cash flow, and continued to improve execution across our national network while integrating recently acquired locations and advancing our OEM, insurance, supplier, repair and certified pre-owned device programs."
Mr. Sawhney continued, "We have spent the past year building the foundation for a national, carrier-neutral device lifecycle platform. Today, we have 44 corporately owned locations across five provinces, a growing pipeline of acquisition and greenfield opportunities, and a strategy focused on disciplined expansion and stronger unit-level economics through multiple revenue channels. Looking ahead, we are focused on disciplined expansion over the next 12-15 months, improving store productivity, integrating acquisitions into our centralized operating platform, and building long-term shareholder value through the continued growth of our national operating platform."
Q1 2026 Financial Highlights
Revenue increased 44% to $3.16 million, compared to $2.20 million in Q1 2025. Sales from stores operating in both periods increased ...
