Alithya Group inc financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Alithya Group inc files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2021	FY2023	FY2023	FY2025
Revenue	116	159	209	279	288	438	523	491	473
Cost of revenue	92.9	125	155	196	205	322	371	342	317
Gross profit	22.9	34.7	54.3	83	83	116	152	149	156
Selling, general and administrative	19	31.4	52.6	76.8	81.7	98.8	127	122	116
Selling and marketing	5.62	9.17	20.5	44.1	46.3
Operating income	-1.86	-5.44	-13.1	-41	-17	-14	-27	-4.74	13
Interest expense	1.63	2.1	2.24	2.35	3.27	4.58	9.34	11.9	8.88
Interest income		0.01	0	0.04	0.03	0.08	0.35	0.67	0.4
Pre-tax income	-3.49	-7.54	-15.3	-42.6	-19.6	-18.6	-36.4	-16.6	4.07
Income tax	-0.62	-0.31	-2.85	-2.97	-2.28	-3.03	-6.26	0.06	2.78
Net income	-2.87	-7.22	-12.5	-39.7	-17.3	-15.5	-30.1	-16.7	1.3
EBITDA						5.72	7.01	24.3	36.4
EPS, basic	-0.16	-0.31	-0.34	-0.70	-0.30	-0.18	-0.32	-0.17	0.01
EPS, diluted	-0.16	-0.31	-0.34	-0.70	-0.30	-0.18	-0.32	-0.17	0.01

Balance sheet

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2021	FY2023	FY2023	FY2025
Cash and equivalents	8.57	14.5	12.8	8.81	6.9	17.7	22.6	8.86	16
Receivables		33.8	67.1	67.7	69.4	101	92.5	98.8	95.3
Total current assets		64.4	99.1	95.7	95.7	154	156	140	146
Property, plant and equipment		1.82	2.34	7.17	8.45	10.4	8.72	4.59	3.96
Lease right-of-use assets				11.5	11.1	15.1	9.35	5.61	4.28
Goodwill		31.7	79.6	77.6	72.9	146	166	166	181
Intangible assets		15.1	47.6	51.8	36.6	102	104	81.3	74.5
Total assets		116	237	258	243	448	464	416	426
Accounts payable		36.8	48.9	50.3	51.6	89.7	91.3	74.9
Deferred revenue		2.02	6
Total current liabilities		65.8	55.9	62.6	98.9	133	130	117	118
Lease liabilities				11.7	13.5	17.8	14.6	7.38	5.45
Total liabilities		83.8	85.4	130	135	248	275	241	241
Total debt		18.6	28.3	53.2	55	107	127	117	110
Retained earnings		-23.9	-39.1	-78.8	-96.2	-112	-141	-157	-155
Total equity	33.4	32	151	127	108	200	189	175	185
Total liabilities and equity		116	237	258	243	448	464	416	426

Cash flow statement

	FY2017	FY2019	FY2019	FY2020	FY2021	FY2021	FY2023	FY2023	FY2025
Net income	-2.87	-7.22	-12.5	-39.7	-17.3	-15.5	-30.1	-16.7	1.3
Depreciation and amortization						19.7	34	29	23.4
Cash from operations	5.66	1.69	-19.6	8.69	-0.46	1.85	28.9	15.7	48.4
Capital expenditures	-1.23	-0.46	-0.98	-4.49	-2.1	-1.72	-1.74	-0.75	-1.2
Cash from investing	-2.73	-16.9	22	-18.2	-4.57	-18.9	-13.7	-0.79	-7.82
Stock issued	17	0.01	50	0		24.7	0
Share buybacks	-10.2	-0.54	-0.43	0
Dividends paid	-0.29	0	-24	0
Cash from financing	4.82	21.1	-5.62	4.94	3.42	27.9	-11.3	-28.6	-34.1
Exchange rate effect	0.04	0	1.54	0.58	-0.31	-0.08	1.1	-0.03	0.64
Net change in cash	7.8	5.9	-1.66	-3.99	-1.91	10.8	4.93	-13.7	7.1
Free cash flow	4.43	1.23	-20.6	4.2	-2.56	0.13	27.1	14.9	47.2
Interest paid	1.15	0.9	1.79	1.56	1.83	3.15
Income taxes paid	0.34	0.42	-0.72	0.41	-1.45	-0.63	0

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	33.0%	Gross profit / revenue.
Operating margin	2.7%	Operating income / revenue.
EBITDA margin	7.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	0.9%	Pre-tax income / revenue.
Net margin	0.3%	Net income / revenue.
FCF margin	10.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.2%	Cash from operations / revenue.
Effective tax rate	68.2%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	0.3%	Net income / average total assets.
SG&A / revenue	24.5%	Selling, general and administrative expense / revenue.
Capex / revenue	0.3%	Capital expenditures / revenue.
D&A / revenue	5.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-3.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	11.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	4.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	10.4%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	13.5%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	50.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	85.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	209.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	196.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	41.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	216.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	611.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	62.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	10.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.24x	Current assets / current liabilities.
Quick ratio	0.95x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.14x	(Cash + short-term investments) / current liabilities.
Debt / assets	25.8%	Total debt / total assets.
Liabilities / assets	56.7%	Total liabilities / total assets.
Net debt	CA$94.0M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	2.58x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	1.46x	Operating income / interest expense.
Working capital	CA$28.2M	Current assets - current liabilities.
Goodwill and intangibles / assets	60.1%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.12x	Revenue / average total assets.
Fixed asset turnover	111x	Revenue / average property, plant and equipment.
Receivables turnover	4.88x	Revenue / average receivables.
Days sales outstanding	75 days	365 x average receivables / revenue.
FCF conversion	3,647.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	CA$0.01	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	CA$0.01	Net income per basic share, as reported (split-adjusted).

What was Alithya Group inc's revenue in fiscal 2025?

Alithya Group inc reported revenue of CA$473.5M for fiscal 2025, 3.6% lower than the year before.

Was Alithya Group inc profitable in fiscal 2025?

Yes. Net income was CA$1.3M, a net margin of 0.3%.

How much free cash flow did Alithya Group inc generate in fiscal 2025?

Cash from operations of CA$48.4M minus capital expenditures of CA$1.2M left free cash flow of CA$47.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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