Total revenues of $14.7 million
Adjusted EBITDA1 of $3.2 million
Net profit of $1.9 million
Royalties of $3.0 million
Fiscal 2026 Year End Highlights
Record total revenues of $57.6 million
Record Adjusted EBITDA1 of $15.5 million
Record net profit of $17.4 million
Record royalties of $14.5 million
*All dollar amounts are expressed in Canadian currency
MONTREAL, June 02, 2026 (GLOBE NEWSWIRE) -- D-BOX Technologies Inc. ("D-BOX" or the "Company") (TSX:DBO) today reported financial results for its fourth quarter ended March 31, 2026.
"D-BOX delivered exceptional fourth quarter and fiscal 2026 results, reflecting continued execution across our theatrical focused growth strategy" said Naveen Prasad, CEO of D-BOX. "During the year, we achieved a record expansion of our theatrical footprint by adding 189 net new screens, taking us to 1,201 active theatrical screens globally. This growth reflects increasing recognition from our exhibitor partners that D-BOX is a highly deployable premium experience that can help maximize per-patron yield by delivering a uniquely immersive experience for audiences of all ages.
Our total revenues grew by 35% year-over-year to $57.6 million, while adjusted EBITDA more than doubled to $15.5 million. Net profit before income taxes surged 193% to $11.4 million. These robust results have further strengthened our balance sheet and enhanced our financial flexibility, positioning D-BOX to offer innovative financing solutions and capitalize on strategic opportunities as we move forward."
Q4 2026 Operating Results
Fourth quarter royalty revenues increased 33% to $3.0 million compared with $2.2 million in the prior year. This year‑over‑year increase was driven primarily by a 24.8%1 increase in the North American domestic box office, and the 18.7% expansion in our installed footprint. For the second consecutive quarter, the gross domestic box office remained less concentrated across a broader range of films, reflective of the seasonality and composition of the release calendar during the period, rather than being dominated by blockbuster titles, which are typically more favorable for D-BOX. D-BOX-encoded movies themselves delivered strong results among the highest grossing titles of the quarter, including Project Hail Mary, Avatar: Fire and Ash and Hoppers.
System sales to theatrical customers increased 682% to $7.8 million compared with $1.0 million last year. This increase reflects D-BOX's emergence as a preferred capital allocation priority for it's exhibitors partners looking to maximize per-patron yield. Seventy four new screens were installed in the quarter, offset by 8 deactivations, compared to 6 net new screens from the same period last year. While this surge highlights the D-BOX brand's growing market penetration and the impact of high-performing blockbuster content, we continue to maintain a disciplined outlook regarding future hardware cycles. We expect system sales to normalize toward historical patterns of seasonality, as exhibitor capital expenditures typically fluctuate based on our exhibitor partners' positioning for the strength and timing of the global box office slate and their corresponding free cash flow generation.
The Company ended the year with a significantly improved financial position: cash and cash equivalents increased to $17.6 million (up from $7.8 million), working capital rose to $24.7 million, and equity nearly doubled to $34.6 million. These improvements materially strengthen the Company's financial flexibility provide a solid foundation for continued investing in innovation, operational excellence, and strategic exhibitor financing and deployment initiatives. The strengthened balance sheet also supports disciplined capital allocation initiatives focused on creating long term shareholder value, including initiatives such as the Normal Course Issuer Bid (NCIB).
Additionally, the Company recorded a deferred tax asset (DTA) of $6.4 million, relating to the recognition of previously unused tax losses and unused tax credits. This recognition is based on the expectation that future taxable profits will be available to utilize these losses and credits, supported by the Company's recent history of success and positive outlook for future cash flows and profitability.
Net profit for the quarter reached $1.9 million. Adjusted EBITDA2 totaled $3.2 million, representing a 22% Adjusted EBITDA margin², up 105% year-over-year and demonstrating continued focus on cost control and operational efficiency.
Given the inherent variability and seasonality of quarterly sales, we continue to emphasize the importance of assessing the Company's performance on a trailing twelve-month basis.
FY26 Operating Results
Total revenues increased by 35% year-over-year to $57.6 million, with adjusted EBITDA more than doubling to $15.5 million and net profit before income taxes rising 193% to $11.4 million. The Company's strong top-line growth was driven primarily by a surge in theatrical system sales (up 133% for the year) and recurring rights for use, rental, and maintenance revenues (up 32%). This performance underscores the effectiveness of D-BOX's commercial strategy and its ability to scale profitably.
D-BOX continued to outperform the North American domestic box office on an annualized basis, with the box office increasing 7%3 while D-BOX royalties rose 32%. Our base of motion-enabled screens grew by 18.7% year-over-year, reaching 1,201 active screens. D-BOX's technology is increasingly recognized as a premium upgrade by exhibitors, enabling them to maximize per-patron yield and deliver unique, immersive experiences. The expansion of the installed footprint directly supports high-margin, recurring royalty and maintenance revenues, which have proven resilient and outperformed broader box office trends. This continued outperformance reinforces D-BOX's growing position within the premium theatrical ecosystem and further supports the long-term scalability of its recurring revenue model.
Although revenues from sim racing and simulation and training system sales declined by 10% and 16% respectively, these segments continue to play a strategically important role within D-BOX's broader commercial platform and overall profitability profile. Both customer groups utilize the same core motion technology and components as our theatrical clients, which allows D-BOX to leverage economies of scale across its operations. By sharing operating overhead and production resources, these segments help optimize cost efficiency and enhance profitability, even during periods of lower sales. This synergy not only mitigates risk but also improves operating leverage, enhances production scale efficiencies, and preserves D-BOX's ability to capitalize on growth opportunities across multiple end markets.
(in thousands of Canadian dollars)
Three month quarter ended
YTD quarter ended
Fiscal year
2026
2025
Var.($)
Var. (%)
2026
2025
Var.($)
Var. (%)
Revenues from
System sales
Theatrical
7,760
992
6,768
682 %
24,107
10,362
13,745
133 %
Simulation and training
1,717
2,408
(691)
(29) %
7,206
8,605
(1,399)
(16) %
Sim racing
1,482
2,682
(1,200)
(45) %
9,063
10,021
(958)
(10) %
Other
707
286
421
147 %
2,674
2,771
(97)
(4) %
Total system sales
11,666
