The Descartes Systems Group Inc. (DSGX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 195.25M | 196.26M | 185.81M | 179.81M | 168.74M | 167.47M | 168.76M | 163.43M | 151.35M | 148.23M | 144.7M | 143.39M | 136.61M | 125.14M | 121.47M | 123.01M | 116.39M | 112.37M | 108.91M | 104.57M |
| Revenue Growth % | 15.71% | 17.19% | 10.1% | 10.03% | 11.49% | 12.98% | 16.63% | 13.97% | 10.79% | 18.45% | 19.13% | 16.57% | 17.37% | 11.36% | 11.53% | 17.64% | 17.76% | 20.3% | 24.46% | 24.42% |
| Cost of Goods Sold | 61.22M | 65.29M | 62.53M | 41.59M | 39.75M | 39.46M | 43.15M | 40.55M | 49.69M | 51.5M | 34.33M | 34.97M | 32.88M | 29.05M | 27.53M | 28.92M | 27.82M | 26.88M | 25.61M | 25.47M |
| COGS % of Revenue | 31.36% | 33.27% | 33.66% | 23.13% | 23.56% | 23.56% | 25.57% | 24.81% | 32.83% | 34.74% | 23.72% | 24.39% | 24.07% | 23.22% | 22.66% | 23.51% | 23.9% | 23.92% | 23.51% | 24.36% |
| Gross Profit | 134.03M | 130.96M | 123.27M | 138.23M | 128.99M | 128.01M | 125.6M | 122.88M | 99.42M | 97.58M | 110.37M | 108.42M | 103.73M | 96.09M | 93.94M | 94.09M | 88.57M | 85.49M | 83.3M | 79.1M |
| Gross Margin % | 68.64% | 66.73% | 66.34% | 76.87% | 76.44% | 76.44% | 74.43% | 75.19% | 65.69% | 65.83% | 76.28% | 75.61% | 75.93% | 76.78% | 77.34% | 76.49% | 76.1% | 76.08% | 76.49% | 75.64% |
| Gross Profit Growth % | 3.9% | 2.3% | -1.85% | 12.49% | 29.75% | 31.18% | 13.8% | 13.34% | -4.16% | 1.56% | 17.5% | 15.23% | 17.11% | 12.4% | 12.76% | 18.95% | 18.11% | 21.59% | 28.23% | 28.31% |
| Operating Expenses | 68.98M | 64.74M | 61.68M | 90.04M | 82.79M | 80.91M | 79.81M | 77.03M | 51.54M | 47.46M | 77.97M | 71.59M | 67.17M | 60.02M | 59.04M | 61.26M | 56.49M | 54.64M | 54.74M | 52.57M |
| OpEx % of Revenue | 35.33% | 32.99% | 33.2% | 50.08% | 49.07% | 48.31% | 47.29% | 47.14% | 34.05% | 32.02% | 53.88% | 49.93% | 49.17% | 47.96% | 48.61% | 49.8% | 48.54% | 48.63% | 50.26% | 50.27% |
| Selling, General & Admin | 41.35M | 41.59M | 40.61M | 37.67M | 35.16M | 34.98M | 35.99M | 35.55M | 32.42M | 31.2M | 31.92M | 31.91M | 30.5M | 27.46M | 26.93M | 27.02M | 24.88M | 23.76M | 23.39M | 22.18M |
| SG&A % of Revenue | 21.18% | 21.19% | 21.86% | 20.95% | 20.84% | 20.88% | 21.33% | 21.75% | 21.42% | 21.05% | 22.06% | 22.25% | 22.32% | 21.94% | 22.17% | 21.96% | 21.37% | 21.15% | 21.47% | 21.21% |
| Research & Development | 27.63M | 27.38M | 26.33M | 26.75M | 25.07M | 24.93M | 24.47M | 23.91M | 21.86M | 21.18M | 21.33M | 21.95M | 20.28M | 18.23M | 17.4M | 18.16M | 16.57M | 15.89M | 15.99M | 15.47M |
| R&D % of Revenue | 14.15% | 13.95% | 14.17% | 14.88% | 14.86% | 14.88% | 14.5% | 14.63% | 14.45% | 14.29% | 14.74% | 15.31% | 14.85% | 14.57% | 14.32% | 14.76% | 14.24% | 14.14% | 14.68% | 14.8% |
| Other Operating Expenses | 0 | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 65.05M | 66.23M | 61.59M | 48.18M | 46.2M | 47.11M | 45.79M | 45.85M | 42.38M | 37.06M | 32.41M | 36.83M | 36.56M | 33.59M | 34.7M | 31.55M | 30.59M | 26.02M | 27.89M | 26.12M |
| Operating Margin % | 33.32% | 33.74% | 33.15% | 26.8% | 27.38% | 28.13% | 27.13% | 28.05% | 28% | 25% | 22.39% | 25.68% | 26.76% | 26.85% | 28.57% | 25.65% | 26.29% | 23.16% | 25.61% | 24.98% |
| Operating Income Growth % | 40.8% | 40.59% | 34.51% | 5.1% | 9% | 27.12% | 41.3% | 24.48% | 15.93% | 10.3% | -6.61% | 16.75% | 19.49% | 29.1% | 24.39% | 20.78% | 30.76% | 19.01% | 48.66% | 73.39% |
| EBITDA | 83.96M | 89.02M | 83.54M | 70.19M | 66.76M | 68.62M | 64.32M | 64.65M | 58.52M | 53.64M | 49.11M | 53.68M | 52.49M | 49.52M | 50.32M | 48.39M | 46.53M | 41.75M | 43.89M | 43.51M |
| EBITDA Margin % | 43% | 45.36% | 44.96% | 39.03% | 39.57% | 40.98% | 38.11% | 39.56% | 38.67% | 36.19% | 33.94% | 37.43% | 38.42% | 39.57% | 41.43% | 39.34% | 39.98% | 37.15% | 40.3% | 41.6% |
| EBITDA Growth % | 25.76% | 29.73% | 29.89% | 8.56% | 14.08% | 27.94% | 30.97% | 20.44% | 11.49% | 8.32% | -2.41% | 10.92% | 12.8% | 18.62% | 14.64% | 11.24% | 17.24% | 9.28% | 23.96% | 39.17% |
| D&A (Non-Cash Add-back) | 18.91M | 22.8M | 21.95M | 22M | 20.56M | 21.52M | 18.53M | 18.8M | 16.14M | 16.58M | 16.7M | 16.85M | 15.93M | 15.92M | 15.62M | 16.85M | 15.94M | 15.72M | 16M | 17.39M |
| EBIT | 65.05M | 66.23M | 58M | 49.73M | 48.16M | 45.6M | 48.67M | 48.56M | 45.75M | 40.67M | 35.12M | 38.84M | 38.1M | 36.41M | 34.89M | 32.01M | 30.75M | 26.15M | 27.95M | 26.18M |
| Net Interest Income | -236K | -248.43K | -241.56K | -243K | -236K | -244K | -244K | -243K | -273K | -343K | -343K | -340K | -337K | -320K | -285K | -284K | -278K | -282K | -292K | -272K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 236K | 248.43K | 241.56K | 243K | 236K | 244K | 244K | 243K | 273K | 343K | 343K | 340K | 337K | 320K | 285K | 284K | 278K | 282K | 292K | 272K |
| Other Income/Expense | 782.52K | -3.78M | -3.84M | 1.31M | 1.73M | 1.61M | 2.64M | 2.47M | 3.79M | 3.04M | 2.14M | 1.44M | 992.1K | 2.49M | 752K | 177K | -125K | -158K | -241K | -211K |
| Pretax Income | 65.83M | 62.45M | 57.76M | 49.49M | 47.92M | 48.72M | 48.43M | 48.32M | 46.17M | 40.09M | 34.55M | 38.27M | 37.55M | 36.09M | 35.45M | 31.72M | 30.47M | 25.86M | 27.65M | 25.91M |
| Pretax Margin % | 33.72% | 31.82% | 31.08% | 27.52% | 28.4% | 29.09% | 28.7% | 29.57% | 30.51% | 27.05% | 23.88% | 26.69% | 27.49% | 28.84% | 29.18% | 25.79% | 26.18% | 23.02% | 25.39% | 24.78% |
| Income Tax | 16.95M | 16.02M | 14.3M | 11.47M | 11.68M | 11.35M | 11.87M | 13.64M | 11.5M | 8.26M | 8.18M | 10.38M | 8.43M | 6.33M | 8.98M | 8.82M | 7.36M | 6.67M | 2.16M | 2.73M |
| Effective Tax Rate % | 25.74% | 25.65% | 24.75% | 23.18% | 24.37% | 23.3% | 24.51% | 28.22% | 24.91% | 20.59% | 23.67% | 27.13% | 22.45% | 17.56% | 25.33% | 27.81% | 24.14% | 25.79% | 7.82% | 10.55% |
| Net Income | 48.88M | 46.43M | 43.46M | 38.02M | 36.24M | 37.37M | 36.56M | 34.68M | 34.67M | 31.84M | 26.6M | 28.12M | 29.35M | 29.75M | 26.47M | 22.9M | 23.11M | 19.19M | 25.49M | 23.18M |
| Net Margin % | 25.04% | 23.66% | 23.39% | 21.14% | 21.48% | 22.31% | 21.66% | 21.22% | 22.91% | 21.48% | 18.38% | 19.61% | 21.49% | 23.77% | 21.79% | 18.62% | 19.86% | 17.08% | 23.41% | 22.16% |
| Net Income Growth % | 34.87% | 24.26% | 18.88% | 9.63% | 4.55% | 17.37% | 37.43% | 23.35% | 18.1% | 7.01% | 0.5% | 22.77% | 26.99% | 55% | 3.84% | -1.18% | 25.48% | 11.57% | 91.55% | 119.84% |
| Net Income (Continuing) | 48.88M | 46.43M | 43.46M | 38.02M | 36.24M | 37.37M | 36.56M | 34.68M | 34.67M | 31.84M | 26.6M | 28.12M | 29.35M | 29.75M | 26.47M | 22.9M | 23.11M | 19.19M | 25.49M | 23.18M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.56 | 0.53 | 0.50 | 0.43 | 0.41 | 0.43 | 0.42 | 0.40 | 0.40 | 0.37 | 0.30 | 0.32 | 0.34 | 0.35 | 0.30 | 0.27 | 0.27 | 0.22 | 0.30 | 0.27 |
| EPS Growth % | 36.59% | 23.26% | 19.05% | 7.5% | 2.5% | 16.22% | 40% | 25% | 17.65% | 5.71% | 0% | 18.52% | 25.93% | 59.09% | 0% | 0% | 28.57% | 10% | 100% | 125% |
| EPS (Basic) | 0.57 | 0.54 | 0.51 | 0.44 | 0.42 | 0.44 | 0.43 | 0.41 | 0.41 | 0.37 | 0.31 | 0.33 | 0.35 | 0.36 | 0.31 | 0.27 | 0.27 | 0.23 | 0.30 | 0.27 |
| Diluted Shares Outstanding | 87.39M | 87.57M | 87.61M | 87.59M | 87.58M | 87.6M | 87.34M | 87.24M | 87.12M | 86.94M | 86.79M | 86.78M | 86.75M | 86.58M | 86.48M | 86.34M | 86.35M | 86.31M | 86.33M | 86.13M |
| Basic Shares Outstanding | 86.02M | 86.01M | 85.96M | 85.83M | 85.68M | 85.56M | 85.5M | 85.43M | 85.27M | 85.13M | 85.1M | 85.08M | 84.95M | 84.82M | 84.8M | 84.78M | 84.77M | 84.66M | 84.64M | 84.57M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |