Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Sangoma Technologies Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
131
224
253
247
237
Cost of revenue
41.9
67.5
79.7
74.5
74.9
Gross profit
89.4
157
173
173
162
Research and development
21.4
34.2
37.5
39.5
42.1
Pre-tax income
4.38
-104
-32
-9.5
-6.34
Income tax
4.1
6.39
-2.93
-0.84
-1.33
Net income
0.28
-111
-29
-8.66
-5.01
EPS, basic
0.01
-3.52
-0.88
-0.26
-0.15
EPS, diluted
0.01
-3.52
-0.88
-0.26
-0.15
Balance sheet
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
22.1
12.7
11.2
16.2
13.5
Receivables
14.7
23.9
21.9
18.6
15.1
Inventory
11.8
17.4
18
14.8
8.23
Total current assets
53.3
60.3
61.9
57.1
42.6
Property, plant and equipment
7.65
10.3
9.15
8.39
6.43
Lease right-of-use assets
13.5
17
13.2
10.2
7.22
Goodwill
267
210
188
188
187
Intangible assets
194
191
157
124
91.1
Total assets
499
443
401
347
Accounts payable
24.1
21.5
15.6
Short-term debt
14.6
17.7
17.7
19.9
20.6
Total current liabilities
55.2
78.4
63.5
60.1
49.5
Lease liabilities
11.8
14.4
11.6
8.56
6.75
Total liabilities
164
205
177
141
92.4
Paid-in capital
192
179
0
Retained earnings
6.53
-104
-133
-142
-147
Shareholders' equity
376
294
266
260
254
Total equity
376
294
266
260
254
Total liabilities and equity
540
499
443
401
347
Cash flow statement
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
0.28
-111
-29
-8.66
-5.01
Cash from operations
18.5
21.1
26.5
44.2
41.8
Capital expenditures
-1.13
-1.87
-4.02
-4.13
-2.39
Cash from investing
-108
-55.8
-11.3
-10.9
-8.84
Debt issued
52.5
45
13.9
0
Debt repaid
-14.6
-15.3
-17.7
-23
-29.9
Share buybacks
0
-2.84
Cash from financing
91.8
25.4
-16.8
-28.3
-35.7
Free cash flow
17.4
19.2
22.5
40.1
39.4
Income taxes paid
2.93
0.84
1.33
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $3.56 on September 24, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
68.3%
Gross profit / revenue.
Pre-tax margin
-2.7%
Pre-tax income / revenue.
Net margin
-2.1%
Net income / revenue.
FCF margin
16.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
17.7%
Cash from operations / revenue.
Return on equity (ROE)
-1.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-1.3%
Net income / average total assets.
R&D / revenue
17.8%
Research and development expense / revenue.
Capex / revenue
1.0%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-4.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
1.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-6.4%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
1.0%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-5.6%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
25.7%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y
-1.8%
Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y
27.1%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-2.1%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-4.7%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-13.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-11.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.86x
Current assets / current liabilities.
Quick ratio
0.58x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.27x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Capex / operating cash flow
5.7%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.15
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
-$0.15
Net income per basic share, as reported (split-adjusted).
Buybacks / FCF
7.2%
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$118.5M
Share price x shares outstanding.
Enterprise value
$105.0M
Market cap + total debt - cash - short-term investments.
P/S
0.50x
Market cap / revenue.
P/B
0.47x
Market cap / shareholders' equity. Only when equity is positive.
P/FCF
3.01x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
2.84x
Market cap / cash from operations, when positive.
EV/Sales
0.44x
Enterprise value / revenue.
EV/FCF
2.66x
Enterprise value / free cash flow, when both are positive.
FCF yield
33.3%
Free cash flow / market cap.
Earnings yield
-4.2%
Net income / market cap (the inverse of P/E).
Shareholder yield
2.4%
(Dividends paid + share buybacks) / market cap.
What was Sangoma Technologies Corp's revenue in fiscal 2025?
Sangoma Technologies Corp reported revenue of $236.7M for fiscal 2025, 4.3% lower than the year before.
Was Sangoma Technologies Corp profitable in fiscal 2025?
No. It reported a net loss of $5.0M.
How much free cash flow did Sangoma Technologies Corp generate in fiscal 2025?
Cash from operations of $41.8M minus capital expenditures of $2.4M left free cash flow of $39.4M.
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.