The Descartes Systems Group Inc. (DSGX) — Financial statements
Income statement, balance sheet, and cash flow for The Descartes Systems Group Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 745↑14.4% | 651↑13.6% | 573↑17.9% | 486↑14.4% | 425 | |
| Cost of Revenue | 254↑60.0% | 159↑14.7% | 138↑22.0% | 113↑11.3% | 102 | |
| Gross Profit | 491↓0.2% | 492↑13.3% | 435↑16.6% | 373↑15.4% | 323 | |
| Operating Expenses | ||||||
| R&D Expenses | 108↑12.7% | 95↑13.1% | 84↑20.0% | 70↑12.4% | 63 | |
| General & Administrative Expenses | 72↑11.0% | 65↑13.7% | 57↑15.4% | 50↑11.8% | 44 | |
| Selling & Marketing Expenses | 83↑12.0% | 74↑8.1% | 68↑20.5% | 57↑20.6% | 47 | |
| SG&A Expenses | 155↑11.6% | 139↑10.7% | 126↑18.1% | 106↑16.3% | 91 | |
| Other Expenses | -12↓115.5% | 77↓6.0% | 82↑24.7% | 66↑0.1% | 66 | |
| Operating Expenses | 251↓19.5% | 311↑6.7% | 292↑20.4% | 242↑10.4% | 219 | |
| Total Costs & Expenses | 504↑7.4% | 470↑9.3% | 430↑21.0% | 356↑10.7% | 321 | |
| Operating Results | ||||||
| Operating Income | 241↑32.8% | 181↑26.8% | 143↑9.5% | 130↑26.1% | 103 | |
| Depreciation & Amortization | 89↑18.7% | 75↑13.7% | 66↑2.7% | 64↑1.5% | 63 | |
| EBITDA | 330↑25.1% | 264↑20.2% | 219↑11.4% | 197↑18.9% | 166 | |
| EBIT | 241↑27.6% | 189↑23.7% | 153↑15.1% | 133↑29.7% | 102 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.99↑1.6% | -1↑26.3% | -1↓16.8% | -1↓3.9% | -1 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.99↓1.6% | 1↓26.3% | 1↑16.8% | 1↑3.9% | 1 | |
| Non-Operating Income | 0.00↑100.0% | -7↑22.8% | -10↓354.1% | -2↓277.9% | 1 | |
| Other Income / Expenses | -19↓278.1% | 11↑26.6% | 8↑152.1% | 3↑499.8% | -0.82 | |
| Income Before Tax | 222↑15.8% | 192↑26.8% | 151↑13.0% | 134↑30.3% | 103 | |
| Income Tax Expense | 54↑12.7% | 48↑37.2% | 35↑11.9% | 31↑92.9% | 16 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 167↑16.8% | 143↑23.6% | 116↑13.4% | 102↑18.5% | 86 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 167↑16.8% | 143↑23.6% | 116↑13.4% | 102↑18.5% | 86 | |
| Bottom-Line Net Income | 167↑16.8% | 143↑23.6% | 116↑13.4% | 102↑18.5% | 86 | |
| EPS (Basic) | 1.95↑16.1% | 1.68↑23.5% | 1.36↑12.4% | 1.21↑18.6% | 1.02 | |
| EPS (Diluted) | 1.91↑16.5% | 1.64↑22.4% | 1.34↑13.6% | 1.18↑18.0% | 1.00 | |
| Weighted Average Shares | 86↑0.5% | 85↑0.4% | 85↑0.3% | 85↑0.2% | 85 | |
| Weighted Average Diluted Shares | 88↑0.3% | 87↑0.6% | 87↑0.4% | 86↑0.3% | 86 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.