Slide 1: Q4 Fiscal 2026 Financial Results
Q4 Fiscal 2026 Financial Results For the three months and fiscal year ended March 31, 2026 May 27, 2026
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) is qualified in its entirety by reference to, and must be read in conjunction with, the information contained in our Annual Information Form dated May 27, 2026 (the “AIF”), as well as in our audited consolidated financial statements for the three months
Slide 3: Q4 Overview
Q4 Overview Louis Têtu Executive Chairman, Coveo
Slide 4: Q4 FY’26 at a glance
Q4 FY’26 at a glance Q4 FY’26 Q4 FY’26 $35.9M (USD) SaaS Subscription Revenue(1) 14% (2) SaaS Subscription Revenue(1) Growth (Coveo Core Platform) Q4 FY’26 $13.7M (USD) Cash Flows from Operating Activities Record Q4 New Business Bookings Performance (1) SaaS Subscription Revenue and Net Expansion Ra
Slide 5: AI needs context
Intent-driven Experiences – Engagement Applications – Digital Journeys Personal Assistants & AI needs context Coveo Apps & Agents AI only works when it understands Agentic AI Platforms enterprise context MCP APIs Challenge Unified AI-Relevance That context lives in the company’s Contextual Intellige
Slide 6: Positioned for what’s next.
Evolving with the market. OUR STRATEGIC GROWTH POSITIONING Positioned for Generative & agentic AI what’s next. Delivering trusted, contextual AI experiences Commerce – B2B Driving conversion and customer value Agentic Era Take action Manufacturing & distribution verticals autonomously Solving comple
Slide 7: Sovereign AI opportunity
Sovereign AI opportunity MOU with the Alliance with Bell AI Fabric Government of Canada Strategic distribution agreement to to modernize public service support sovereign AI deployments for the public sector and regulated industries in Canada. 7 Copyright © Coveo Solutions Inc. All rights reserved. P
Slide 8: Q4 Strategic Update
Q4 Strategic Update Laurent Simoneau Co-Founder & CEO, Coveo
Slide 9: Delivered a record Q4 new business bookings performance
Delivered a record Select Q4 new customer wins Q4 new business Global 1000 industrial manufacturer Major HVAC manufacturer bookings performance Largest new customer win in Coveo history Strong customer expansions 7-figure ACV with a Global 1000 industrial manufacturer Ongoing commerce momentum 9 Cop
Slide 10: Cementing our place in the modern AI tech stack
Cementing our place in the modern AI tech stack Personal Assistants Agentic AI Platforms Coveo Applications Ground your personal assistants on your enterprise data Ground your own agentic platform on your enterprise data Fully managed agentic apps OpenAI Anthropic Google Microsoft Amazon Salesforce
Slide 11: An intent-driven experience that delivers what matters
An intent-driven experience that delivers what matters Understand The system understands what the user is trying to accomplish Retrieve It retrieves the most relevant information across all sources Recommend & present It recommends the best next action and presents it in the right format Evolve The
Slide 12: F27 Priorities: Positioned for the next phase of enterprise AI adoption
F27 Priorities Innovation Search Positioned for MCP Server RAG-as-a-Service Agents the next phase Customer Focus of enterprise AI Account Management Forward-deployed Engineering Technical Expertise adoption Investing to capture the massive Disciplined Growth opportunity in front of us, in a Recurrin
Slide 13: Q4 Financial Highlights
Q4 Financial Highlights Karine Hamel Chief Financial Officer, Coveo
Slide 14: Q4 FY’26 at a glance
Q4 FY’26 at a glance (2) (2) $35.9M 14% 103% Q4 FY’26 SaaS Q4 FY’26 SaaS Net Expansion Rate(1) Subscription Revenue(1) Subscription Revenue(1) Growth (Coveo Core Platform) (Coveo Core Platform) as of March 31, 2026 $0.8M Q4 FY’26 Adjusted EBITDA(3) 80% $13.7M Q4 FY’26 Product Q4 FY’26 Cash Flows ($2
Slide 15: FY’26 at a glance
FY’26 at a glance (2) (2) $142.5M 15% 103% FY’26 SaaS FY’26 SaaS Net Expansion Rate(1) Subscription Revenue(1) Subscription Revenue(1) Growth (Coveo Core Platform) (Coveo Core Platform) as of March 31, 2026 ($0.8M) FY’26 Adjusted EBITDA(3) 81% $10.5M FY’26 Product FY’26 Cash Flows ($28.9M) Gross Mar
Slide 16: Revenue Growth
Revenue Growth USD millions Q4 FY’26 Q4 FY’25 YoY FY’26 FY’25 YoY SaaS Subscription Revenue(1) $35.9 $32.6 10% $142.5 $126.6 13% Coveo core Platform(2) $35.9 $31.6 14% $139.8 $121.3 15% Qubit Platform(3) - $1.0 (100%) $2.8 $5.3 (48%) Professional Services Revenue $1.5 $1.7 (11%) $5.8 $6.6 (13%) Tota
Slide 17: Gross Profit Measures
Gross Profit Measures % Q4 FY’26 Q4 FY’25 FY’26 FY’25 Gross Margin 78% 79% 78% 79% Adjusted Gross Margin(1) 78% 80% 79% 80% Product Gross Margin 80% 82% 81% 82% Adjusted Product Gross Margin(1) 81% 83% 82% 83% (1) Adjusted Gross Margin and Adjusted Product Gross Margin are non-IFRS financial ratios.
Slide 18: Profitability Measures
Profitability Measures USD millions Q4 FY’26 Q4 FY’25 FY’26 FY’25 Net loss ($2.3) ($6.3) ($28.9) ($13.8) Adjusted EBITDA(1) $0.8 $0.7 ($0.8) $1.0 Cash Flow from Operating Activities $13.7 $6.8 $10.5 $11.1 (1) Adjusted EBITDA is a non-IFRS measure. Please refer to the "Non-IFRS Measures and Ratios" s
Slide 19: Q4 Update: Strategic investment areas driving strength + momentum
Q4 Update: Strategic investment areas Driving strength + Momentum Commerce Gen AI Strategic Accounts Drove 60% of new business Near perfect retention rates Multiple use cases bookings +150% NER(1) Strong expansion dynamic Fastest growing segment with GenAI solutions represent Large enterprise custom
Slide 20: Q1 FY’27 and Full Year Guidance
Q1 FY’27 and Full Year Guidance USD millions Q1 FY’27 Full Year FY’27 SaaS Subscription Revenue(1) $37.1 – $37.6 $154.0 – $158.0 Total Revenue $38.2 – $38.7 $160.0 – $164.0 Adjusted EBITDA(2) ($1.5) – ($0.5) $2.0 - $7.0 The company expects to deliver operating cash flows of more than $10 million for
Slide 21: Q&A Session
Q&A Session 21
Slide 22: Appendix
Appendix 22
Slide 23: Consolidated Statements of Loss
Consolidated Statements of Loss (in thousands of US dollars, except share and per share data) 23 Copyright © Coveo Solutions Inc. All rights reserved. Proprietary and CONFIDENTIAL 2026
Slide 24: Consolidated Statements of Loss
Consolidated Statements of Loss (in thousands of US dollars) 24 Copyright © Coveo Solutions Inc. All rights reserved. Proprietary and CONFIDENTIAL 2026
Slide 25: Reconciliation of Net Loss to Adjusted EBITDA
Reconciliation of Net Loss to Adjusted EBITDA (in thousands of US dollars) Adjusted EBITDA is defined as net income or net loss, excluding interest, taxes, depreciation of property and equipment and right-of-use-assets, amortization and impairment of intangible assets (or EBITDA), adjusted for stock
Slide 26: Reconciliation of Adjusted Gross Profit Measures and Adjusted Gross Margin Measures
Reconciliation of Adjusted Gross Profit Measures and Adjusted Gross Margin Measures (in thousands of US dollars) “Adjusted Gross Profit”, “Adjusted Product Gross Profit”, and “Adjusted Professional Services Gross Profit” are respectively defined as gross profit, product gross profit, and professiona
Slide 27: Reconciliation of Adjusted Operating Expense Measures and Adjusted Operating Expense (%) Measures
Reconciliation of Adjusted Operating Expense Measures and Adjusted Operating Expense (%) Measures (in thousands of US dollars) “Adjusted Sales and Marketing Expenses”, “Adjusted Research and Product Development Expenses”, and “Adjusted General and Administrative Expenses” are respectively defined as
Slide 28: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position (in thousands of US dollars) 28 Copyright © Coveo Solutions Inc. All rights reserved. Proprietary and CONFIDENTIAL 2026
Slide 29: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (in thousands of US dollars, unaudited) 29 Copyright © Coveo Solutions Inc. All rights reserved. Proprietary and CONFIDENTIAL 2026
Slide 30: Definition of Key Performance Indicators
Definition of Key Performance Indicators “SaaS Subscription Revenue” means Coveo’s SaaS subscription revenue, as presented in its financial statements in accordance with IFRS. “Current SaaS Subscription Remaining Performance Obligations” is a forward-looking indicator of anticipated future revenue u
Slide 31: The AI-Relevance Company
The AI-Relevance Company 31 Copyright © Coveo Solutions Inc. All rights reserved. Proprietary and CONFIDENTIAL 2026