The Descartes Systems Group Inc. (DSGX)

DSGX Cash Flow 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
Net Income	163.77	143.27	115.91	102.24	86.28
Depreciation & Amortization	87.13	74.99	65.98	65.4	64.23
Stock-Based Compensation	20.91	19.96	16.48	13.67	11.02
Other Adjustments	11.49	-5.02	-5.86	3.3	1.82
Changes in Other Operating Activities	-17.04	-13.93	15.18	7.79	12.79
Operating Cash Flow	266.25	219.27	207.68	192.4	176.14
Operating Cash Flow Growth	21.42%	5.58%	7.95%	9.23%	34.22%
Capital Expenditures	-5.73	-6.74	-5.56	-6.07	-4.83
Payments for Business Acquisitions	-151.62	-290.2	-142.7	-115.56	-90.28
Investing Cash Flow	-157.35	-296.95	-148.26	-121.63	-95.11
Long-Term Debt Repaid	-	-	-	-	-1.07
Net Long-Term Debt Issued (Repaid)	-	-	-	-	-1.07
Issuance of Common Stock	14.1	12.39	9.27	1.73	2.66
Repurchase of Common Stock	-7.38	-6.75	-4.89	-	-
Net Common Stock Issued (Repurchased)	6.73	5.65	4.39	1.73	2.66
Other Financing Activities	-1.71	-9.28	-19.13	-6.33	-0.07
Financing Cash Flow	5.02	-3.63	-14.74	-4.6	1.52
Effect of Exchange Rate Changes on Cash and Cash Equivalents	6.48	-3.51	-0.11	-3.21	-2.77
Net Cash Flow	120.39	-84.81	44.57	62.95	79.78
Free Cash Flow	260.52	212.53	202.12	186.32	171.31
Free Cash Flow Growth	22.58%	5.15%	8.48%	8.77%	34.39%
FCF Margin	35.74%	32.65%	35.28%	38.34%	40.34%
Free Cash Flow Per Share	2.97	2.43	2.33	2.16	1.99
Levered Free Cash Flow	228.12	197.59	191.5	169.36	157.4
Unlevered Free Cash Flow	222.76	189.73	185.13	166.84	159.16

Updated Mar 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q