D2L Inc. (TSX:DTOL)

D2L Inc. Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Revenue	217.47	205.28	182.38	168.4	151.88
Revenue Growth (YoY)	5.94%	12.55%	8.30%	10.87%	20.18%
Cost of Revenue	68.54	65.31	60.18	60.63	63.93
Gross Profit	148.93	139.96	122.2	107.77	87.95
Selling, General & Admin	88.4	87.12	80.99	80.63	116.06
Research & Development	47.98	46.65	48.32	43.07	46.6
Other Operating Expenses	-	-	-	4.47	-
Total Operating Expenses	136.38	133.77	129.31	128.17	162.66
Operating Income	12.56	6.2	-7.11	-20.4	-74.71
Interest Income	2.94	3.77	4.23	-	0.17
Interest Expense	-1.27	-0.82	-0.62	-	-0.3
Other Non-Operating Income (Expense)	3.16	0.35	0.31	-	21.08
Total Non-Operating Income (Expense)	4.82	3.29	3.92	-	20.95
Pretax Income	17.38	9.49	-3.2	-20.4	-53.76
Provision for Income Taxes	4.11	-16.24	0.35	0.43	-0.16
Net Income	8.96	25.72	-3.54	-18.38	-97.65
Net Income to Common	8.96	25.72	-3.54	-18.38	-97.65
Net Income Growth	-65.15%	-	-	-	-
Shares Outstanding (Basic)	49	54	54	53	34
Shares Outstanding (Diluted)	49	56	54	53	34
Shares Change (YoY)	-11.71%	4.22%	0.99%	56.35%	28.15%
EPS (Basic)	0.18	0.47	-0.07	-0.35	-2.88
EPS (Diluted)	0.18	0.46	-0.07	-0.35	-2.88
EPS Growth	-60.46%	-	-	-	-
Shares Outstanding	27.28	54.65	53.98	53.15	52.91
Free Cash Flow	42.18	26.98	9.93	0.11	-0.68
Free Cash Flow Growth	56.36%	171.64%	9182.01%	-	-
Free Cash Flow Per Share	-	0.48	0.19	0.00	-0.02
Gross Margin	68.48%	68.18%	67.00%	64.00%	57.91%
Operating Margin	5.77%	3.02%	-3.90%	-12.12%	-49.19%
Profit Margin	4.12%	12.53%	-1.94%	-10.91%	-64.30%
FCF Margin	19.40%	13.14%	5.45%	0.06%	-0.45%
EBITDA	17.87	10.46	-4.24	-16.16	-71.22
EBITDA Margin	8.22%	5.10%	-2.33%	-9.60%	-46.89%
EBIT	12.56	6.2	-7.11	-20.4	-74.71
EBIT Margin	5.77%	3.02%	-3.90%	-12.12%	-49.19%
Effective Tax Rate	23.67%	-171.14%	-10.84%	-2.13%	0.31%

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.