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Coveo Solutions (CVO) investor relations material
Coveo Solutions Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record subscription and net bookings, including the largest new customer win in company history with a seven-figure ACV from a Fortune 500/global industrial leader, and expanded over 80 existing customer deployments.
Continued innovation with launches such as RAG-as-a-Service for AWS, Coveo App for OpenAI ChatGPT Enterprise, and deepened partnerships with Deloitte and a memorandum of understanding with the Government of Canada for digital modernization.
Focused on growth strategy, disciplined execution, and healthy unit economics, with strong momentum in commerce and generative AI solutions.
Financial highlights
Q3 SaaS subscription revenue was $36.6M, up 13% year-over-year; core platform subscription revenue grew 15% to $35.8M.
Total revenue reached $38M, a 12% increase from last year; gross margin and product gross margin were 78% and 81%, respectively.
Net loss was $7.2M compared to net income of $4.0M in the prior year; adjusted EBITDA was -$0.2M (vs. $0.6M prior year); operating cash flow was $0.5M (vs. -$0.2M prior year).
Cash and cash equivalents stood at $100.8M as of December 31, 2025, with no debt.
Outlook and guidance
Q4 SaaS subscription revenue expected at $35.6M–$36.1M; total revenue at $37.1M–$37.6M.
Full year SaaS subscription revenue expected at $142.2M–$142.7M; total revenue at $148M–$148.5M, both at the high end of prior guidance.
Adjusted EBITDA and operating cash flows expected to be approximately breakeven for Q4 and full year; positive operating cash flows anticipated.
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Net income up 11.7% YoY, shareholder returns at 50.2%, CET1 ratio at 13.33%. - RM
Record 2025 net income, originations, and efficiency set up strong 2026 growth outlook. - KPIL
27% YOY revenue growth, strong profit and order book, and improved debt metrics drive outlook. - FSV
Annual revenues rose 5% to $5.50B, led by Residential growth and improved profitability. - HEXT
Revenue up 7.6% YoY, margin expands, and AI and acquisitions drive future growth. - 4188
Net income surged on discontinued operations gains, but outlook cut due to restructuring costs. - 021240
Record-high profits and strong rental growth, with overseas expansion led by Malaysia and Thailand. - 021240
Record revenue and profit growth in 2Q'25, led by robust domestic and overseas performance. - 021240
Record-high revenue and net profit in 3Q'24, driven by robust rental growth and overseas expansion. - 021240
Record revenue and profit, with strong growth in rental accounts and overseas markets.
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