D2L Inc. Income Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Revenue	214.99	205.28	182.38	168.4	151.88	126.37
Revenue Growth (YoY)	7.75%	12.55%	8.30%	10.88%	20.18%	15.42%
Cost of Revenue	67.28	65.31	60.18	60.63	63.93	49.29
Gross Profit	147.71	139.96	122.2	107.77	87.95	77.08
Selling, General & Admin	88.65	87.12	80.99	80.63	116.06	44.48
Research & Development	46.89	46.65	48.32	43.07	46.6	30.82
Operating Expenses	135.54	133.77	129.31	123.7	162.66	75.3
Operating Income	12.17	6.2	-7.11	-15.93	-74.71	1.78
Interest Expense	-0.9	-0.82	-0.62	-0.72	-0.3	-0.23
Interest & Investment Income	2.91	3.77	4.23	1.34	0.17	0.08
Currency Exchange Gain (Loss)	1.88	-0.15	0.08	1.84	-0.95	0.23
Other Non Operating Income (Expenses)	0.44	-0.43	0.23	-	-	0.02
EBT Excluding Unusual Items	16.5	8.57	-3.2	-13.47	-75.79	1.88
Gain (Loss) on Sale of Assets	-	0.92	-	-	-	-
Asset Writedown	-	-	-	-4.47	-	-
Other Unusual Items	-	-	-	-	-22.03	-43.18
Pretax Income	17.17	9.49	-3.2	-17.94	-97.82	-41.31
Income Tax Expense	-13.03	-16.24	0.35	0.43	-0.16	0.19
Net Income	30.2	25.72	-3.54	-18.38	-97.65	-41.5
Net Income to Common	30.2	25.72	-3.54	-18.38	-97.65	-41.5
Shares Outstanding (Basic)	55	54	54	53	34	26
Shares Outstanding (Diluted)	56	56	54	53	34	26
Shares Change (YoY)	1.19%	4.22%	0.99%	56.35%	28.15%	-
EPS (Basic)	0.55	0.47	-0.07	-0.35	-2.88	-1.57
EPS (Diluted)	0.54	0.46	-0.07	-0.35	-2.88	-1.57
Free Cash Flow	29.42	26.98	9.93	0.11	-0.68	15.13
Free Cash Flow Per Share	0.53	0.48	0.18	0.00	-0.02	0.57
Gross Margin	68.71%	68.18%	67.00%	64.00%	57.90%	60.99%
Operating Margin	5.66%	3.02%	-3.90%	-9.46%	-49.19%	1.41%
Profit Margin	14.05%	12.53%	-1.94%	-10.91%	-64.30%	-32.84%
Free Cash Flow Margin	13.69%	13.14%	5.45%	0.06%	-0.45%	11.97%
EBITDA	16.04	9.19	-5.43	-13.9	-72.82	3.05
EBITDA Margin	7.46%	4.47%	-2.97%	-8.25%	-47.95%	2.41%
D&A For EBITDA	3.87	2.99	1.69	2.03	1.89	1.27
EBIT	12.17	6.2	-7.11	-15.93	-74.71	1.78
EBIT Margin	5.66%	3.02%	-3.90%	-9.46%	-49.19%	1.41%
Revenue as Reported	214.99	205.28	182.38	168.4	151.88	126.37

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.