Business
Sylogist Announces Fourth Quarter and Full Year 2025 Results
Q4 2025 Highlights SaaS ARR up 9% Y/Y to $ 33.8 million; Total ARR up 2% Y/Y to $ 45.7 m...
About this update from Sylogist Ltd.
[{"type":"text","content":"Sylogist Announces Fourth Quarter and Full Year 2025 ResultsRecurring Revenue at 81% of Total Revenue\nQ4 2025 Highlights Revenue (in $ millions)SaaS SubscriptionRecurringTotalReportedY/Y growthReportedY/Y growthReportedY/Y growth$8.612.4%$11.76.5%$14.4(6.2)% SaaS ARR up 9% Y/Y to $ 33.8 million;Total ARR up 2% Y/Y to $ 45.7 million;SaaS ARR Bookings up 8.1% Y/Y to $0.5 million;Gross Profit margin of 56%;Recurring Revenue at 81% of Total Revenue;Adjusted EBITDA1 margin of 7.2% or $1.0 million; andNet Loss of $0.9 million Fiscal 2025 Highlights  Revenue (in $ millions) SaaS SubscriptionRecurringTotalReportedY/Y growthReportedY/Y growthReportedY/Y growth$32.510.6%$45.03.8%$62.2(5.1)% SaaS NRR of 101%;SaaS ARR Bookings up 2% Y/Y to $4.3 million;Gross Profit margin of 58%;Recurring Revenue at 72% of Total Revenue;Project Services Revenue decreased markedly as the Company transitioned project work to partners;Adjusted EBITDA Margin of 14.6% or $9.1 million; andNet Loss of $4.7 million CALGARY, Alberta, March 19, 2026 (GLOBE NEWSWIRE) -- Sylogist Ltd. (TSX:SYZ) (“Sylogist” or the “Company”), a leading public sector SaaS company, today announced its financial results for the three and twelve months ended December 31, 2025. “Sylogist has a committed and talented team, a portfolio of mission-critical software solutions that are highly effective at addressing the needs of our customers, and we’ve built a strong reputation in our target markets,” said Craig O’Neill, interim CEO of Sylogist. “Adjusting for the reduction in Project Services revenue driven by our transition to partner-led projects, our Q4 and FY 2025 results, and particularly our SaaS subscription revenue growth, are showing early signs of the progress the Company has made in its transformation to a SaaS business. We are well on the way to completing a strategic review that will ensure this transformation delivers enhanced recurring revenue growth and profitability in the coming quarters.” Recent changes to Sylogist’s Board underscore the company’s commitment to strong governance and strategic leadership. In February 2026, Errol Olsen was appointed as Board Chair, bringing more than 25 years of finance leadership at high-growth software companies. In March 2026, the Board welcom...