D2L Inc. (TSX:DTOL)

D2L Inc. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Net Income	1.62	8.96	25.72	-3.54	-18.38	-97.65
Depreciation & Amortization	5.39	5.31	4.26	2.87	4.17	3.46
Other Amortization	-	-	-	-	0.07	0.04
Loss (Gain) From Sale of Assets	-0.01	-0.02	-0.92	-	-	0.01
Asset Writedown & Restructuring Costs	-	-	-	-	4.47	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	22.03
Loss (Gain) on Equity Investments	-	-	0.44	-	-	-
Stock-Based Compensation	10.56	10.35	9.7	9.29	7.74	68.82
Other Operating Activities	10.8	5.71	-16.48	0.36	0.82	-0.4
Change in Accounts Receivable	12.41	0.81	-1.32	-2.91	4.6	-10.56
Change in Accounts Payable	3.89	2.86	-0.88	5.5	0.02	2.82
Change in Unearned Revenue	-1.07	10.44	4.74	8.04	4.62	14.79
Change in Other Net Operating Assets	-1.86	-1.47	2.64	-3.96	-4.36	-3.24
Operating Cash Flow	41.72	42.95	27.9	15.66	3.78	0.11
Operating Cash Flow Growth	70.60%	53.95%	78.18%	314.33%	3266.87%	-99.33%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Capital Expenditures	-0.94	-0.77	-0.92	-5.73	-3.67	-0.8
Sale of Property, Plant & Equipment	0.01	0.02	-	-	-	-
Cash Acquisitions	-4.91	-5.33	-23.23	-2.79	-	-5.57
Divestitures	-	-	-0.67	-	-	-
Other Investing Activities	-	-	-9.5	-	-	-3.85
Investing Cash Flow	-5.84	-6.07	-34.33	-8.52	-3.67	-10.22

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Short-Term Debt Issued	-	-	-	-	-	7
Total Debt Issued	-	-	-	-	-	7
Short-Term Debt Repaid	-	-	-	-	-	-7
Long-Term Debt Repaid	-	-2.08	-1.66	-1.02	-1.65	-2.35
Lease Payments	-2.15	-2.08	-1.66	-1.02	-1.65	-2.35
Total Debt Repaid	-2.15	-2.08	-1.66	-1.02	-1.65	-9.35
Net Debt Issued (Repaid)	-2.15	-2.08	-1.66	-1.02	-1.65	-2.35
Issuance of Common Stock	0.47	0.75	2.18	2.35	0.63	129.64
Repurchase of Common Stock	-30.27	-17.75	-9.19	-3.05	-0.6	-35
Other Financing Activities	0.09	-	0.1	0.96	-	-13.22
Financing Cash Flow	-31.85	-19.08	-8.57	-0.75	-1.63	79.08

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Foreign Exchange Rate Adjustments	-0.1	2.23	-2.76	-0.18	-2.42	0.4
Net Cash Flow	3.93	20.03	-17.76	6.21	-3.94	69.37

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Free Cash Flow	40.78	42.18	26.98	9.93	0.11	-0.68
Free Cash Flow Growth	71.49%	56.36%	171.64%	9182.01%	-	-
Free Cash Flow Margin	18.32%	19.40%	13.14%	5.45%	0.06%	-0.45%
Free Cash Flow Per Share	0.74	0.75	0.48	0.18	0.00	-0.02
Levered Free Cash Flow	25.76	37.82	23.63	11.94	0.88	31.16
Unlevered Free Cash Flow	26.49	38.62	24.15	12.33	1.33	31.35
Free Cash Flow After Leases	38.63	40.1	25.32	8.92	-1.54	-3.03

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 31, 2026	Jan 31, 2026	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022
Cash Interest Paid	0.05	0.05	0.07	0.03	0.08	0.13
Cash Income Tax Paid	1.68	1.68	1	0.57	0.25	0.4
Change in Working Capital	13.36	12.64	5.18	6.68	4.88	3.8

Data Source: S&P Global Market Intelligence Last updated: Sep 9, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 15, 2026

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