Tecsys Inc. (TSX: TCS) announced its financial results for the fourth quarter and full year of fiscal 2026, ended April 30, 2026. The supply chain management company reported record quarterly revenue of $50.0 million, driven by a 21% increase in Elite™ SaaS revenue. Adjusted EBITDA rose 56% to $6.7 million, compared to $4.3 million in the same quarter last year.
Fourth Quarter Financial Highlights
Total SaaS revenue increased 17% to $21.5 million, up from $18.4 million in Q4 fiscal 2025. Elite™ SaaS revenue grew 21% year-over-year. Total SaaS annual recurring revenue (ARR) reached $86.8 million as of April 30, 2026, up 13% (15% on a constant currency basis) from $76.5 million a year earlier. Elite™ SaaS ARR increased 19% (21% on a constant currency basis).
Total SaaS remaining performance obligation (RPO) stood at $243.0 million, up 12% (14% on a constant currency basis) from $216.7 million at the end of fiscal 2025.
Profitability and Adjusted Metrics
Net loss for Q4 was $0.2 million ($0.02 per share), compared to net profit of $1.7 million ($0.12 per share) in Q4 fiscal 2025. The quarter included $4.7 million in restructuring costs. Adjusted net profit was $3.2 million, up from $1.7 million in the prior-year quarter. Adjusted EBITDA margin for fiscal 2026 was 10%, exceeding the company's guidance of 8-9%.
“We closed fiscal 2026 with a strong fourth quarter, delivering record revenue of $50 million, Elite™ SaaS revenue growth of 21% and record Adjusted EBITDA of $6.7 million,” said Mark Bentler, Chief Financial Officer of Tecsys. “Our fiscal 2026 total revenue growth and SaaS revenue growth were in line with our financial guidance.”
Strategic and Operational Developments
Peter Brereton, President and CEO, commented: “Fiscal 2026 reinforced the critical role supply chain execution plays in helping organizations operate with confidence in increasingly complex environments. Resilience, visibility and execution confidence have become baseline expectations, and we continue to see strong engagement across our customer base — including record participation at our recent Tecsys User Conference.”
During the fourth quarter, Tecsys acquired 207,800 of its outstanding common shares for approximately $5.9 million under its Normal Course Issuer Bid, compared to 22,800 shares for $0.9 million in the same period last year.
Fiscal 2027 Outlook
The company provided fiscal 2027 financial guidance, expecting continued revenue growth and Adjusted EBITDA margin expansion. “We enter fiscal 2027 with a strong recurring revenue base and confidence in the opportunities ahead,” Brereton added. Tecsys continues to advance AI-driven capabilities, including TecsysIQ, to connect data, workflows and decisions in real time.
