NASDAQ : SANG
Sangoma Technologies Corporation — Financial statements
Technology · Software - Infrastructure · Canada
Last price 4.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 156.94M
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Financial statements
Sangoma Technologies Corporation (SANG) reported revenue of 200.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 200.06M | 200.06M | 236.69M | 247.28M | 252.53M | 224.35M |
| Cost of Revenue | 59.40M | 59.40M | 74.94M | 74.46M | 79.74M | 67.46M |
| Gross Profit | 140.66M | 140.66M | 161.75M | 172.82M | 172.79M | 156.89M |
| Selling, General & Admin | 79.27M | 79.27M | 88.10M | 101.03M | 104.34M | 128.26M |
| Research & Development | 42.90M | 42.90M | 42.15M | 39.54M | 37.47M | 34.16M |
| Amortization of Goodwill & Intangibles | 32.11M | 32.11M | 32.77M | 33.31M | 33.93M | |
| Operating Expenses | 154.29M | 154.29M | 163.02M | 173.88M | 175.74M | 162.41M |
| Operating Income | -13.62M | -13.62M | -1.27M | -1.06M | -2.95M | -5.53M |
| Interest Expense | -2.39M | -2.39M | -4.25M | -6.66M | -6.77M | -3.88M |
| Interest & Investment Income | 365.00K | 365.00K | 242.00K | 25.00K | 12.00K | |
| Currency Exchange Gain (Loss) | -358.00K | |||||
| EBT Excluding Unusual Items | -15.65M | -15.65M | -5.28M | -7.70M | -9.72M | -9.75M |
| Merger & Restructuring Charges | -2.51M | -2.51M | -961.00K | -1.60M | -2.71M | -4.16M |
| Impairment of Goodwill | -68.39M | -68.39M | -22.51M | -91.69M | ||
| Gain (Loss) on Sale of Assets | -99.00K | |||||
| Other Unusual Items | -202.00K | 2.98M | 1.20M | |||
| Pretax Income | -86.55M | -86.55M | -6.34M | -9.50M | -31.96M | -104.39M |
| Income Tax Expense | -5.46M | -5.46M | -1.33M | -840.00K | -2.93M | 6.39M |
| Net Income | -81.09M | -81.09M | -5.01M | -8.66M | -29.03M | -110.78M |
| Net Income to Common | -81.09M | -81.09M | -5.01M | -8.66M | -29.03M | -110.78M |
| Shares Outstanding (Basic) | 33.24M | 33.24M | 33.50M | 33.25M | 33.12M | 31.48M |
| Shares Outstanding (Diluted) | 33.24M | 33.24M | 33.50M | 33.25M | 33.12M | 31.48M |
| EPS (Basic) | -2.44 | -2.44 | -0.15 | -0.26 | -0.88 | -3.52 |
| EPS (Diluted) | -2.44 | -2.44 | -0.15 | -0.26 | -0.88 | -3.52 |
| Free Cash Flow | 21.92M | 21.92M | 39.40M | 40.16M | 22.47M | 19.19M |
| Free Cash Flow Per Share | 0.66 | 0.66 | 1.18 | 1.21 | 0.68 | 0.61 |
| Gross Margin | 70.31% | 70.31% | 68.34% | 69.89% | 68.42% | 69.93% |
| Operating Margin | -6.81% | -6.81% | -0.54% | -0.43% | -1.17% | -2.46% |
| Profit Margin | -40.53% | -40.53% | -2.12% | -3.50% | -11.49% | -49.38% |
| Free Cash Flow Margin | 10.96% | 10.96% | 16.64% | 16.24% | 8.90% | 8.55% |
| EBITDA | 4.93M | 4.93M | 18.18M | 19.06M | 18.04M | 13.14M |
| EBITDA Margin | 2.46% | 2.46% | 7.68% | 7.71% | 7.14% | 5.86% |
| D&A For EBITDA | 18.55M | 18.55M | 19.45M | 20.12M | 20.99M | 18.66M |
| EBIT | -13.62M | -13.62M | -1.27M | -1.06M | -2.95M | -5.53M |
| EBIT Margin | -6.81% | -6.81% | -0.54% | -0.43% | -1.17% | -2.46% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.43M | 10.43M | 13.49M | 16.23M | 11.16M | 12.70M |
| Trading Asset Securities | 64.00K | 64.00K | 254.00K | 727.00K | 1.22M | |
| Cash & Short-Term Investments | 10.49M | 10.49M | 13.75M | 16.96M | 12.37M | 12.70M |
| Accounts Receivable | 12.35M | 12.35M | 11.80M | 17.50M | 17.82M | 17.27M |
| Other Receivables | 2.06M | 2.06M | 5.21M | 4.01M | 9.31M | 7.90M |
| Receivables | 14.41M | 14.41M | 17.02M | 21.52M | 27.13M | 25.17M |
| Inventory | 4.76M | 4.76M | 8.23M | 14.77M | 17.97M | 17.43M |
| Other Current Assets | 4.04M | 4.04M | 3.63M | 3.87M | 4.42M | 5.01M |
| Total Current Assets | 33.71M | 33.71M | 42.62M | 57.11M | 61.90M | 60.31M |
| Property, Plant & Equipment | 10.71M | 10.71M | 13.65M | 18.51M | 22.28M | 27.20M |
| Long-Term Investments | 41.00K | 320.00K | 768.00K | |||
| Goodwill | 118.45M | 118.45M | 186.84M | 187.50M | 187.50M | 210.01M |
| Other Intangible Assets | 59.01M | 59.01M | 91.13M | 124.17M | 157.46M | 191.41M |
| Long-Term Accounts Receivable | 1.27M | 1.27M | 1.75M | 2.42M | 2.91M | 2.57M |
| Long-Term Deferred Tax Assets | 3.71M | 3.71M | 1.71M | 2.33M | 3.21M | 2.76M |
| Long-Term Deferred Charges | 8.23M | 8.23M | 8.44M | 7.81M | 6.57M | 2.86M |
| Other Long-Term Assets | 419.00K | 419.00K | 369.00K | 466.00K | 422.00K | 1.41M |
| Total Assets | 235.51M | 235.51M | 346.55M | 400.64M | 443.02M | 498.53M |
| Accounts Payable | 14.56M | 14.56M | 15.55M | 21.45M | 24.08M | 28.57M |
| Accrued Expenses | 1.36M | 1.36M | 4.01M | 5.96M | 5.87M | 5.89M |
| Current Portion of Long-Term Debt | 18.41M | 18.41M | 20.60M | 19.88M | 17.70M | 17.70M |
| Current Portion of Leases | 1.57M | 1.57M | 1.46M | 2.72M | 2.72M | 3.59M |
| Current Income Taxes Payable | 382.00K | 382.00K | 647.00K | 115.00K | 61.00K | 1.89M |
| Current Unearned Revenue | 6.71M | 6.71M | 7.04M | 9.58M | 10.91M | 11.58M |
| Other Current Liabilities | 142.00K | 142.00K | 172.00K | 405.00K | 2.13M | 9.19M |
| Total Current Liabilities | 43.14M | 43.14M | 49.48M | 60.10M | 63.46M | 78.41M |
| Long-Term Debt | 8.89M | 8.89M | 27.30M | 57.95M | 83.12M | 86.92M |
| Long-Term Leases | 5.31M | 5.31M | 6.75M | 8.56M | 11.61M | 14.40M |
| Long-Term Unearned Revenue | 1.89M | 1.89M | 2.69M | 3.07M | 3.64M | 3.49M |
| Long-Term Deferred Tax Liabilities | 4.30M | 9.89M | 14.29M | 16.66M | ||
| Other Long-Term Liabilities | 1.63M | 1.63M | 1.83M | 1.33M | 766.00K | 4.85M |
| Total Liabilities | 60.86M | 60.86M | 92.35M | 140.91M | 176.90M | 204.72M |
| Common Stock | 380.86M | 380.86M | 380.13M | 380.99M | 379.92M | 203.03M |
| Additional Paid-In Capital | 21.82M | 21.82M | 20.95M | 20.05M | 18.13M | 15.05M |
| Retained Earnings | -228.04M | -228.04M | -146.94M | -141.94M | -133.28M | -104.25M |
| Comprehensive Income & Other | 12.00K | 12.00K | 65.00K | 626.00K | 1.33M | 179.97M |
| Shareholders' Equity | 174.65M | 174.65M | 254.19M | 259.73M | 266.12M | 293.81M |
| Total Liabilities & Equity | 235.51M | 235.51M | 346.55M | 400.64M | 443.02M | 498.53M |
| Total Debt | 34.18M | 34.18M | 56.11M | 89.11M | 115.16M | 122.61M |
| Net Cash (Debt) | -23.68M | -23.68M | -42.36M | -72.15M | -102.78M | -109.91M |
| Net Cash Per Share | -0.71 | -0.71 | -1.26 | -2.17 | -3.10 | -3.49 |
| Filing Date Shares Outstanding | 33.50M | 33.50M | 33.33M | 33.54M | 33.18M | 22.29M |
| Total Common Shares Outstanding | 33.34M | 33.34M | 33.26M | 33.34M | 33.04M | 21.44M |
| Working Capital | -9.43M | -9.43M | -6.85M | -3.00M | -1.57M | -18.10M |
| Book Value Per Share | 5.24 | 5.24 | 7.64 | 7.79 | 8.05 | 13.70 |
| Tangible Book Value | -2.80M | -2.80M | -23.77M | -51.94M | -78.85M | -107.61M |
| Tangible Book Value Per Share | -0.08 | -0.08 | -0.71 | -1.56 | -2.39 | -5.02 |
| Buildings | 17.13M | 17.13M | 16.64M | 15.66M | 12.87M | 10.45M |
| Machinery | 6.93M | 6.93M | 6.71M | 6.02M | 5.41M | 4.78M |
| Leasehold Improvements | 813.00K | 813.00K | 510.00K | 510.00K | 450.00K | 475.00K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -81.09M | -81.09M | -5.01M | -8.66M | -29.03M | -110.78M |
| Depreciation & Amortization | 20.06M | 20.06M | 22.01M | 22.99M | 24.77M | 21.97M |
| Other Amortization | 22.95M | 22.95M | 23.03M | 22.16M | 20.38M | 17.38M |
| Loss (Gain) From Sale of Assets | 170.00K | 170.00K | 319.00K | 393.00K | 409.00K | 266.00K |
| Asset Writedown & Restructuring Costs | 68.39M | 68.39M | 22.51M | 91.69M | ||
| Stock-Based Compensation | 2.49M | 2.49M | 2.91M | 2.98M | 3.10M | 9.93M |
| Other Operating Activities | -6.60M | -6.60M | -3.41M | 493.00K | -8.86M | 3.89M |
| Change in Accounts Receivable | -69.00K | -69.00K | 6.79M | 4.08M | -896.00K | -643.00K |
| Change in Inventory | 3.46M | 3.46M | 3.65M | 3.20M | -544.00K | -5.19M |
| Change in Accounts Payable | -995.00K | -995.00K | -4.58M | -2.63M | -4.49M | -3.23M |
| Change in Unearned Revenue | -1.13M | -1.13M | -2.92M | -1.90M | -516.00K | -2.35M |
| Change in Other Net Operating Assets | -3.95M | -3.95M | -1.01M | 1.12M | -338.00K | -1.86M |
| Operating Cash Flow | 23.70M | 23.70M | 41.79M | 44.25M | 26.49M | 21.06M |
| Capital Expenditures | -1.78M | -1.78M | -2.39M | -4.09M | -4.02M | -1.87M |
| Cash Acquisitions | -50.71M | |||||
| Divestitures | 4.50M | 4.50M | ||||
| Sale (Purchase) of Intangibles | -6.25M | -6.25M | -6.45M | -6.82M | -7.25M | -3.24M |
| Investing Cash Flow | -3.53M | -3.53M | -8.84M | -10.91M | -11.27M | -55.82M |
| Long-Term Debt Issued | 13.90M | 45.00M | ||||
| Long-Term Debt Repaid | -22.36M | -22.36M | -32.85M | -26.16M | -21.77M | -18.75M |
| Lease Payments | -1.75M | -1.75M | -2.92M | -3.16M | -4.07M | -3.41M |
| Net Debt Issued (Repaid) | -22.36M | -22.36M | -32.85M | -26.16M | -7.87M | 26.25M |
| Issuance of Common Stock | 148.00K | 148.00K | 44.00K | 532.00K | ||
| Repurchase of Common Stock | -1.03M | -1.03M | -2.83M | -605.00K | ||
| Other Financing Activities | -2.10M | -8.33M | -1.42M | |||
| Financing Cash Flow | -23.23M | -23.23M | -35.68M | -28.26M | -16.77M | 25.37M |
| Net Cash Flow | -3.06M | -3.06M | -2.74M | 5.08M | -1.55M | -9.39M |
| Free Cash Flow | 21.92M | 21.92M | 39.40M | 40.16M | 22.47M | 19.19M |
| Free Cash Flow Margin | 10.96% | 10.96% | 16.64% | 16.24% | 8.90% | 8.55% |
| Free Cash Flow Per Share | 0.66 | 0.66 | 1.18 | 1.21 | 0.68 | 0.61 |
| Levered Free Cash Flow | 28.86M | 28.86M | 36.85M | 36.23M | 14.92M | 41.19M |
| Unlevered Free Cash Flow | 30.35M | 30.35M | 39.51M | 40.39M | 19.15M | 43.61M |
| Free Cash Flow After Leases | 20.16M | 20.16M | 36.47M | 36.99M | 18.40M | 15.78M |
| Cash Income Tax Paid | 1.38M | 1.38M | 2.33M | -662.00K | 4.02M | 1.55M |
| Change in Working Capital | -2.67M | -2.67M | 1.93M | 3.88M | -6.79M | -13.28M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 155.22M | 126.78M | 207.35M | 164.64M | 124.25M | 181.10M |
| Enterprise Value | 179.32M | 150.78M | 254.45M | 244.07M | 229.26M | 287.83M |
| Last Close Price | 4.67 | 3.77 | 6.05 | 5.01 | 3.70 | 8.40 |
| PS Ratio | 0.78 | 0.63 | 0.88 | 0.67 | 0.49 | 0.81 |
| PB Ratio | 0.90 | 0.73 | 0.82 | 0.63 | 0.47 | 0.62 |
| P/FCF Ratio | 7.14 | 5.78 | 5.26 | 4.10 | 5.53 | 9.44 |
| P/OCF Ratio | 6.61 | 5.35 | 4.96 | 3.72 | 4.69 | 8.60 |
| EV/Sales Ratio | 0.90 | 0.75 | 1.07 | 0.99 | 0.91 | 1.28 |
| EV/EBITDA Ratio | 36.65 | 30.59 | 14.00 | 12.81 | 12.71 | 21.91 |
| EV/FCF Ratio | 8.24 | 6.88 | 6.46 | 6.08 | 10.20 | 15.00 |
| Debt / Equity Ratio | 0.20 | 0.20 | 0.22 | 0.34 | 0.43 | 0.42 |
| Debt / EBITDA Ratio | 5.31 | 5.31 | 2.71 | 4.06 | 5.28 | 7.46 |
| Debt / FCF Ratio | 1.56 | 1.56 | 1.42 | 2.22 | 5.12 | 6.39 |
| Net Debt / Equity Ratio | 0.14 | 0.14 | 0.17 | 0.28 | 0.39 | 0.37 |
| Net Debt / EBITDA Ratio | 4.80 | 4.80 | 2.33 | 3.79 | 5.70 | 8.37 |
| Net Debt / FCF Ratio | 1.08 | 1.08 | 1.07 | 1.80 | 4.57 | 5.73 |
| Asset Turnover | 0.69 | 0.69 | 0.63 | 0.59 | 0.54 | 0.43 |
| Inventory Turnover | 9.15 | 9.15 | 6.52 | 4.55 | 4.51 | 4.61 |
| Quick Ratio | 0.58 | 0.58 | 0.62 | 0.64 | 0.62 | 0.48 |
| Current Ratio | 0.78 | 0.78 | 0.86 | 0.95 | 0.97 | 0.77 |
| Return on Equity (ROE) | -37.82% | -37.82% | -1.95% | -3.29% | -10.37% | -33.07% |
| Return on Assets (ROA) | -2.93% | -2.93% | -0.21% | -0.16% | -0.39% | -0.66% |
| Return on Invested Capital (ROIC) | -5.78% | -5.51% | -0.40% | -0.30% | -0.76% | -1.30% |
| Return on Capital Employed (ROCE) | -7.10% | -7.10% | -0.40% | -0.30% | -0.80% | -1.30% |
| Earnings Yield | -53.51% | -63.97% | -2.42% | -5.26% | -23.36% | -61.17% |
| FCF Yield | 14.00% | 17.29% | 19.00% | 24.39% | 18.09% | 10.60% |
| Buyback Yield / Dilution | 0.75% | 0.75% | -0.74% | -0.40% | -5.22% | -7.86% |