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Cengage Learning II (CNGO) investor relations material
Cengage Learning II Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 results aligned with expectations, driven by digital acceleration in U.S. Higher Ed and strong Ed2Go growth, while School and ELL segments faced headwinds from low adoption years and funding uncertainty.
Strategic investments in workforce skills, digital transformation, and modernization are positioning the business for future growth, especially in upcoming large adoption years for School and ELL.
Simplification and modernization efforts continue to scale operations and improve efficiency.
Financial highlights
Trailing 12-month adjusted cash revenues at $1.522B, up 1% year-on-year when normalized for non-recurring items; TTM Adjusted Cash EBITDA grew $33M or 7% YoY.
Q2 adjusted cash revenues at $612M, up 1.5% year-on-year normalized for non-recurring items; Q2 adjusted Cash EBITDA up 1% YoY normalized.
September YTD adjusted cash revenues flat year-on-year; adjusted Cash EBITDA down 5% YoY normalized.
Net income for Q2 was $36.4M, compared to a net loss of $17.6M in the prior year quarter.
Outlook and guidance
Positioned for growth in large K-12 adoption years (2027, 2028) in California and Florida, with School and ELL segments expected to benefit.
Anticipate strong collections in Q3 and Q4 as SAP system issues are resolved and sales timing improves.
Continued investment in AI, digital-first, and workforce businesses to drive future growth.
- TimeTickerHeadlineOpen
- 6 FebJ
Strong growth, digital innovation, and margin expansion drive robust multi-year financial outlook. - 6 Feb004020
Operating profit rose on cost savings and high-value sales, with major US expansion underway. - 6 FebJOUT
Net sales up 31%, gross margin at 36.6%, and net loss narrowed to $3.3 million. - 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway.
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