Craig Armitage
Investor Relations Host
Replay available
D2L Inc. (TSX: DTOL) Q4 2025 earnings conference call, held 2025-04-03. Replay captured from the company's public earnings webcast.

Investor Relations Host
Chief Executive Officer
Chief Financial Officer
Analyst, Canaccord Genuity
Analyst, Cormark Securities
Analyst, RBC Capital Markets
Analyst, BMO Capital Markets
Analyst, Raymond James
Analyst, Stifel
Analyst, National Bank
Hello everyone, and thank you for joining the D2L Inc Q4 earnings call. My name is Lucy and I will be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two on your telephone keypad. I will now hand over to host Craig Armitage Investor Relations to begin. Please go ahead. Good morning. Listeners are reminded that portions of today's discussion will include statements that contain forward-looking information. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from a conclusion, forecast, or projection in the forward-looking information. Further, certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information. Our identification and discussion of such risks, uncertainties, factors, and assumptions, as well as further information, concerning forward-looking statements. Please refer to the company's annual management discussion and analysis and the most recently filed annual information form, in each case as filed under the company's profile on CEDARplus at www.cedarplus.com. In addition, during this call, reference will be made to various non-IFRS financial measures, including constant currency revenue, adjusted EBITDA margin, adjusted gross margin, and free cash flow. These non-IFRS financial measures do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other public companies. Please refer to the company's MD&A for the years ended January 31st, 2025 and 2024 for more information about these and certain other non-...