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Dye & Durham Q4 2025 & Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 & Q1 2026 earnings summary12 Nov, 2025
Executive summary
Preliminary unaudited FY 2025 revenue was $440.6M, down 3.7% year-over-year, with a net loss of $(82.7)M, an improvement from $(174.3)M in FY 2024, and Adjusted EBITDA of $231.3M, down 10% year-over-year.
Q1 FY 2026 revenue was $109.4M, down 9% year-over-year, with a net loss of $(39.2)M and Adjusted EBITDA of $49.7M, down 25% year-over-year.
A $15-20M annualized operational efficiency and cost optimization program was launched, with 60% of savings expected in FY 2026 and the remainder in FY 2027.
The sale of Credas for $146M, expected to close by January 2026, will reduce leverage and improve liquidity.
Financial highlights
FY 2025 revenue: $440.6M (down 3.7% year-over-year); net loss: $(82.7)M (improved from $(174.3)M); Adjusted EBITDA: $231.3M (down 10%).
Q1 FY 2026 revenue: $109.4M (down 9% year-over-year); net loss: $(39.2)M (vs. $(9.3)M prior year); Adjusted EBITDA: $49.7M (down 25%).
Adjusted EBITDA for Q4 FY 2025 included $11M in cumulative adjustments, $7M of which related to prior quarters.
Outlook and guidance
FY 2026 is positioned as an investment year, with stabilization expected in the second half and a return to growth in early FY 2027.
Transformation strategy includes operational efficiency, automation, and product rationalization, aiming for $15-20M in annualized savings by end of FY 2027.
What triggers the Notes interest rate increase?
When will cost optimization impact financials?
Product rationalization timeline
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Next Dye & Durham earnings date
Q2 202612 Feb, 2026
Dye & Durham
Next Dye & Durham earnings date
Q2 202612 Feb, 2026
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Frequently asked questions
Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada, Australia, Ireland, and the United Kingdom. It offers electronic filing services to law firms and court systems; eSearch solution that integrates search engine tools onto a single platform; and information exchange platform for tracking pre-litigation notices of defaults in Ontario. The company also provides data analytics solutions for financial services companies.
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