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D2L Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024
Total Revenue 54.1M 54.8M 52.8M 53.3M 54.3M
Operating Revenue 54.1M 54.8M 52.8M 53.3M 54.3M
Cost Of Revenue 18.0M 16.7M 15.8M 16.8M 16.9M
Gross Profit 36.1M 38.1M 37.0M 36.5M 37.4M
Selling General And Administration 20.7M 23.7M 22.1M 21.6M 21.5M
General And Administrative Expense 6.6M 7.8M 8.4M 7.9M 8.7M
Research And Development 11.8M 12.3M 11.5M 11.4M 11.1M
Operating Expense 32.5M 35.9M 33.5M 32.9M 32.6M
Operating Income 3.6M 2.1M 3.5M 3.6M 4.8M
EBIT 5.4M 2.8M 6.1M 3.7M 5.8M
Interest Expense 168,141 238,715 220,129 272,661 235,892
Interest Expense Non Operating 168,141 238,715 220,129 272,661 235,892
Interest Income 753,537 569,419 717,052 866,407 870,355
Interest Income Non Operating 753,537 569,419 717,052 866,407 870,355
Net Interest Income 585,396 330,704 496,923 593,746 634,463
Other Income Expense 1.1M 137,933 1.9M -757,109 102,102
Other Non Operating Income Expenses 168,174 260,109 315,059 -303,452 -122,043
Special Income Charges 0.00 0.00 -- 0.00 0.00
Restructuring And Mergern Acquisition -- -- -- 0.00 0.00
Gain On Sale Of Security 923,498 -122,176 1.5M -453,657 224,145
Pretax Income 5.3M 2.6M 5.9M 3.4M 5.5M
Tax Provision 884,685 -72,282 2.6M -16.4M -18,295
Tax Effect Of Unusual Items 155,003 -18,326 230,477 -68,049 33,622
Net Income From Continuing And Discontinued Operation 4.4M 2.7M 3.3M 19.9M 5.5M
Net Income From Continuing Operation Net Minority Interest 4.4M 2.7M 3.3M 19.9M 5.5M
Net Income Including Noncontrolling Interests 4.4M 2.7M 3.3M 19.9M 5.5M
Net Income Common Stockholders 4.4M 2.7M 3.3M 19.9M 5.5M
Net Income 4.4M 2.7M 3.3M 19.9M 5.5M
EBITDA 6.8M 4.2M 7.4M 5.0M 7.1M
Normalized EBITDA 5.9M 4.3M 5.8M 5.5M 6.8M
Reconciled Depreciation 1.4M 1.3M 1.3M 1.3M 1.3M
Basic EPS 0.08 0.05 0.06 -- 0.10
Diluted EPS 0.08 0.05 0.06 -- 0.10
Basic Average Shares 54.8M 54.9M 54.7M -- 54.5M
Diluted Average Shares 56.1M 56.1M 56.1M -- 56.0M
Total Unusual Items 923,498 -122,176 1.5M -453,657 224,145
Total Unusual Items Excluding Goodwill 923,498 -122,176 1.5M -453,657 224,145
Tax Rate For Calcs 0.17 0.15 0.15 0.15 0.15
Normalized Income 3.6M 2.8M 2.0M 20.3M 5.4M
Diluted NI Availto Com Stockholders 4.4M 2.7M 3.3M 19.9M 5.5M
Gain On Sale Of Business 0.00 0.00 -- 0.00 0.00
Net Income Continuous Operations 4.4M 2.7M 3.3M 19.9M 5.5M
Net Non Operating Interest Income Expense 585,396 330,704 496,923 593,746 634,463
Other Gand A 6.6M 7.8M 8.4M 7.9M 8.7M
Reconciled Cost Of Revenue 18.0M 16.7M 15.8M 16.8M 16.9M
Selling And Marketing Expense 14.1M 15.8M 13.7M 13.6M 12.8M
Total Expenses 50.5M 52.6M 49.3M 49.7M 49.5M
Total Operating Income As Reported 3.6M 2.1M 3.5M 3.6M 4.8M
Line Item Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024
Cash And Cash Equivalents 110.5M 102.5M 92.5M 99.2M 108.3M
Cash Cash Equivalents And Short Term Investments 110.5M 102.5M 92.5M 99.2M 108.3M
Accounts Receivable 20.1M 37.9M 22.9M 25.7M 19.3M
Receivables 24.4M 42.6M 27.3M 29.2M 24.3M
Prepaid Assets 7.7M 7.8M 7.8M 7.6M 6.6M
Current Assets 147.8M 158.1M 132.8M 141.0M 144.2M
Gross PPE 13.9M 14.5M 15.1M 23.9M 15.5M
Accumulated Depreciation -- -- -- -9.3M --
Net PPE 13.9M 14.5M 15.1M 14.6M 15.5M
Goodwill 26.6M 26.8M 27.0M 25.3M 26.4M
Goodwill And Other Intangible Assets 43.1M 43.9M 44.9M 42.4M 44.5M
Other Intangible Assets 16.5M 17.1M 17.9M 17.1M 18.1M
Investments And Advances -- -- -- -- 21,248
Long Term Equity Investment -- -- -- -- 21,248
Total Non Current Assets 90.1M 92.0M 92.8M 91.9M 74.0M
Total Assets 237.8M 250.2M 225.6M 232.9M 218.2M
Current Debt And Capital Lease Obligation 1.5M 1.5M 1.5M 1.2M 1.4M
Accounts Payable 30.2M 30.9M -- 30.5M 28.6M
Payables 30.2M 30.9M -- 30.5M 28.6M
Payables And Accrued Expenses 30.2M 30.9M 35.4M 30.5M 28.6M
Current Deferred Revenue 105.5M 115.2M 85.4M 97.5M 105.8M
Other Current Liabilities -- 4.9M 5.0M 4.9M 4.9M
Current Liabilities 137.2M 152.4M 127.4M 134.1M 140.7M
Long Term Debt And Capital Lease Obligation 9.5M 10.0M 10.4M 10.0M 10.7M
Long Term Capital Lease Obligation 9.5M 10.0M 10.4M 10.0M 10.7M
Other Non Current Liabilities -- -- -- -- --
Total Non Current Liabilities Net Minority Interest 13.1M 13.8M 14.4M 14.1M 14.8M
Total Liabilities Net Minority Interest 150.3M 166.2M 141.8M 148.2M 155.5M
Common Stock 362.8M 364.8M 367.1M 367.5M 367.3M
Capital Stock 362.8M 364.8M 367.1M 367.5M 367.3M
Additional Paid In Capital 47.9M 46.3M 45.4M 48.3M 48.2M
Retained Earnings -317.7M -322.4M -324.0M -323.5M -345.4M
Gains Losses Not Affecting Retained Earnings -5.5M -4.7M -4.7M -7.5M -7.3M
Other Equity Adjustments -5.5M -4.7M -4.7M -7.5M -7.3M
Common Stock Equity 87.5M 84.0M 83.8M 84.7M 62.7M
Stockholders Equity 87.5M 84.0M 83.8M 84.7M 62.7M
Total Equity Gross Minority Interest 87.5M 84.0M 83.8M 84.7M 62.7M
Total Capitalization 87.5M 84.0M 83.8M 84.7M 62.7M
Net Tangible Assets 44.4M 40.0M 38.9M 42.3M 18.3M
Tangible Book Value 44.4M 40.0M 38.9M 42.3M 18.3M
Working Capital 10.5M 5.7M 5.4M 7.0M 3.5M
Invested Capital 87.5M 84.0M 83.8M 84.7M 62.7M
Total Debt 11.0M 11.6M 11.9M 11.2M 12.1M
Share Issued 54.8M 54.8M 54.9M 54.7M 54.5M
Ordinary Shares Number 54.8M 54.8M 54.9M 54.7M 54.5M
Allowance For Doubtful Accounts Receivable -437,567 -619,083 -378,077 -430,245 -471,514
Buildings And Improvements -- -- -- 7.5M --
Capital Lease Obligations 11.0M 11.6M 11.9M 11.2M 12.1M
Current Capital Lease Obligation 1.5M 1.5M 1.5M 1.2M 1.4M
Current Deferred Assets 5.2M 5.2M 5.1M 5.1M 5.1M
Current Deferred Liabilities 105.5M 115.2M 85.4M 97.5M 105.8M
Gross Accounts Receivable 20.5M 38.5M 23.3M 26.1M 19.8M
Investmentsin Associatesat Cost -- -- -- -- 21,248
Leases -- -- -- 6.9M --
Machinery Furniture Equipment -- -- -- 9.5M --
Non Current Accounts Receivable 311,073 357,581 400,458 422,589 480,621
Non Current Deferred Assets 22.7M 23.4M 22.8M 25.0M 8.0M
Non Current Deferred Liabilities 3.6M 3.8M 4.0M 4.1M 4.1M
Non Current Deferred Taxes Assets 15.7M 16.3M 15.9M 18.1M 573,268
Non Current Deferred Taxes Liabilities 3.6M 3.8M 4.0M 4.1M 4.1M
Non Current Note Receivables 9.7M 9.5M 9.3M 9.1M 5.1M
Non Current Prepaid Assets 427,666 390,806 314,523 308,235 381,939
Other Properties 13.9M 14.5M 15.1M -- 15.5M
Other Receivables 4.4M 4.7M 4.5M 3.5M 4.9M
Properties -- -- -- 0.00 --
Line Item Q4 2025Oct 31, 2025 Q3 2025Jul 31, 2025 Q2 2025Apr 30, 2025 Q1 2025Jan 31, 2025 Q4 2024Oct 31, 2024
Operating Cash Flow 17.2M 15.0M -1.9M -135,086 11.4M
Cash Flow From Continuing Operating Activities 17.2M 15.0M -1.9M -135,086 11.4M
Depreciation And Amortization 1.4M 1.3M 1.3M 1.3M 1.3M
Depreciation Amortization Depletion 1.4M 1.3M 1.3M 1.3M 1.3M
Stock Based Compensation 2.1M 2.5M 3.2M 2.6M 2.2M
Deferred Tax 884,685 -72,282 2.6M -16.4M -18,295
Deferred Income Tax 884,685 -72,282 2.6M -16.4M -18,295
Change In Working Capital 11.0M 9.1M -11.5M -7.8M 2.3M
Changes In Account Receivables 18.2M -14.2M 3.7M -6.1M 8.3M
Change In Receivables 18.4M -14.9M 3.6M -5.1M 7.9M
Change In Payables And Accrued Expense 1.9M -5.7M -1.2M 5.2M 373,719
Change In Other Working Capital -9.2M 29.7M -14.0M -6.6M -6.9M
Other Non Cash Items -3.4M -330,704 -496,923 -472,861 -1.1M
Capital Expenditure -304,509 -144,552 -1,737 -401,259 -128,752
Purchase Of PPE -304,509 -144,552 -1,737 -401,259 -128,752
Net PPE Purchase And Sale -304,039 -143,030 15,088 -452,735 -124,470
Purchase Of Business -4.9M -- -- -673,299 0.00
Sale Of Business 0.00 -- -- 0.00 0.00
Investing Cash Flow -5.2M -562,790 15,088 -5.6M -124,470
Cash Flow From Continuing Investing Activities -5.2M -562,790 15,088 -5.6M -124,470
Repayment Of Debt -521,847 -510,815 -487,522 -312,911 -490,660
Net Issuance Payments Of Debt -521,847 -510,815 -487,522 -312,911 -490,660
Repurchase Of Capital Stock -2.8M -2.5M -1.8M -1.2M -645,204
Net Common Stock Issuance -2.8M -2.5M -1.8M -1.2M -645,204
Common Stock Payments -2.8M -2.5M -1.8M -1.2M -645,204
Financing Cash Flow -3.2M -4.7M -6.2M -3.4M -1.0M
Cash Flow From Continuing Financing Activities -3.2M -4.7M -6.2M -3.4M -1.0M
Effect Of Exchange Rate Changes -869,426 185,533 1.4M 71,996 -76,198
Changes In Cash 8.8M 9.8M -8.1M -9.1M 10.3M
Beginning Cash Position 102.5M 92.5M 99.2M 108.3M 98.1M
End Cash Position 110.5M 102.5M 92.5M 99.2M 108.3M
Free Cash Flow 16.9M 14.9M -1.9M -536,345 11.3M
Amortization Cash Flow 580,305 566,889 557,631 562,434 543,867
Amortization Of Intangibles 580,305 566,889 557,631 562,434 543,867
Change In Prepaid Assets -147,980 -84,208 153,112 -1.3M 975,556
Depreciation 772,676 764,224 739,892 745,321 757,141
Earnings Losses From Equity Investments 0.00 -- -- 21,248 320,086
Gain Loss On Sale Of Business 0.00 -- -- 0.00 0.00
Gain Loss On Sale Of PPE -470.00 -1,522 -16,825 -- -4,282
Interest Paid Cfo 71.00 -13,969 -1,633 -52,864 -1,586
Interest Received Cfo 747,818 563,202 710,627 859,595 894,520
Long Term Debt Payments -521,847 -510,815 -487,522 -312,911 -490,660
Net Business Purchase And Sale -4.9M -- -- -673,299 0.00
Net Income From Continuing Operations 4.4M 2.7M 3.3M 19.9M 5.5M
Net Long Term Debt Issuance -521,847 -510,815 -487,522 -312,911 -490,660
Net Other Financing Charges -291,817 -1.9M -4.0M -2.4M -79,706
Net Other Investing Changes -- -- -- -4.5M 0.00
Operating Gains Losses -470.00 -1,522 -16,825 72,724 315,804
Proceeds From Stock Option Exercised 384,050 250,342 32,026 535,826 188,939
Sale Of PPE 470.00 1,522 16,825 -- 4,282
Taxes Refund Paid -195,943 -501,825 -738,303 -404,172 -47,655
Unrealized Gain Loss On Investment Securities -- -211,377 -172,270 -- --
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