The Descartes Systems Group Inc. (DSGX)

DSGX Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	703.71	651	572.93	486.01	424.69	348.66
Revenue Growth (YoY)	11.39%	13.63%	17.88%	14.44%	21.80%	7.02%
Cost of Revenue	163.27	158.57	138.3	113.33	101.81	89.91
Gross Profit	540.44	492.43	434.64	372.69	322.88	258.75
Selling, General & Admin	148.42	138.94	125.53	106.28	91.35	75.05
Research & Development	103.34	95.5	84.1	70.35	62.57	54.07
Amortization of Goodwill & Intangibles	79.75	69.4	60.5	60.18	59.1	55.91
Operating Expenses	331.5	303.84	270.14	236.81	213.02	185.02
Operating Income	208.94	188.59	164.5	135.88	109.86	73.73
Interest Expense	-0.97	-1	-1.36	-1.17	-1.12	-1.19
Interest & Investment Income	7.37	11.51	9.67	4.46	0.3	0.16
EBT Excluding Unusual Items	215.34	199.1	172.8	139.17	109.04	72.7
Merger & Restructuring Charges	-10.65	-6.76	-5.32	-2.64	-1.36	-3.99
Other Unusual Items	-0.21	-0.71	-16.33	-2.8	-5.07	1.66
Pretax Income	204.47	191.63	151.15	133.73	102.61	70.37
Income Tax Expense	48.94	48.36	35.25	31.49	16.33	18.27
Net Income	155.53	143.27	115.91	102.24	86.28	52.1
Net Income to Common	155.53	143.27	115.91	102.24	86.28	52.1
Net Income Growth	12.91%	23.61%	13.37%	18.49%	65.61%	40.82%
Shares Outstanding (Basic)	86	85	85	85	85	84
Shares Outstanding (Diluted)	88	87	87	86	86	86
Shares Change (YoY)	0.49%	0.58%	0.43%	0.29%	0.52%	3.49%
EPS (Basic)	1.81	1.68	1.36	1.21	1.02	0.62
EPS (Diluted)	1.78	1.64	1.34	1.18	1.00	0.61
EPS Growth	12.65%	22.39%	13.56%	18.00%	63.93%	35.56%
Free Cash Flow	244.64	212.53	202.12	186.32	171.31	127.47
Free Cash Flow Per Share	2.79	2.43	2.33	2.15	1.99	1.49
Gross Margin	76.80%	75.64%	75.86%	76.68%	76.03%	74.21%
Operating Margin	29.69%	28.97%	28.71%	27.96%	25.87%	21.15%
Profit Margin	22.10%	22.01%	20.23%	21.04%	20.32%	14.94%
Free Cash Flow Margin	34.76%	32.65%	35.28%	38.34%	40.34%	36.56%
EBITDA	294.57	263.58	230.47	201.28	174.09	135.39
EBITDA Margin	41.86%	40.49%	40.23%	41.41%	40.99%	38.83%
D&A For EBITDA	85.63	74.99	65.98	65.4	64.23	61.66
EBIT	208.94	188.59	164.5	135.88	109.86	73.73
EBIT Margin	29.69%	28.97%	28.71%	27.96%	25.87%	21.15%
Effective Tax Rate	23.94%	25.24%	23.32%	23.55%	15.91%	25.96%

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

SEC Filings: 10-K · 10-Q