Company research
DESCARTES SYSTEMS GROUP INC
CIK 1050140Updated Sep 26, 2026
SecuritiesDSGX · NASDAQ · equityDSG · TSX · equity
DSGX price & chart
Loading TradingView…
NASDAQ:DSGX on TradingView ↗In the news
Descartes Introduces AI-Powered Image Document Management to Help Accelerate Customs Entry and Shipment Processing ↗
Descartes Sets Date to Announce Second Quarter Fiscal 2027 Financial Results ↗
Descartes Acquires Drivin ↗
Recent filings
Show 5 more recent filings
Financials
FY 2026 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,895,665,000Source | 1,647,384,000Source | 1,474,285,000Source | 1,316,044,000Source |
| Property, Plant and Equipment, NetUSD | 13,507,000Source | 12,481,000Source | 11,552,000Source | 11,434,000Source |
| GoodwillUSD | 1,025,783,000Source | 924,755,000Source | 760,413,000Source | 675,647,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 332,069,000Source | 321,270,000Source | 251,047,000Source | 229,808,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 356,526,000Source | 236,138,000Source | 320,952,000Source | 276,385,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 64,771,000Source | 53,953,000Source | 51,569,000Source | 45,173,000Source |
| Inventory, NetUSD | 101,000Source | 715,000Source | — | 759,000Source |
| Assets, CurrentUSD | 482,067,000Source | 352,566,000Source | 418,182,000Source | 358,651,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 34,317,000Source | 45,544,000Source | 33,468,000Source | 24,676,000Source |
| Operating Lease, Right-of-Use AssetUSD | 8,173,000Source | 7,623,000Source | 6,257,000Source | 6,774,000Source |
| Other Assets, NoncurrentUSD | 27,346,000Source | 24,887,000Source | 24,737,000Source | 22,247,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 276,753,000Source | 262,381,000Source | 236,251,000Source | 216,653,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 590,734,000Source | 568,339,000Source | 551,164,000Source | 538,448,000Source |
| Retained Earnings (Accumulated Deficit)USD | 526,975,000Source | 364,028,000Source | 220,755,000Source | 104,848,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -7,987,000Source | -50,497,000Source | -28,586,000Source | -30,456,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,618,912,000Source | 1,385,003,000Source | 1,238,034,000Source | 1,099,391,000Source |
| Additional Paid in Capital, Common StockUSD | 509,190,000Source | 503,133,000Source | 494,701,000Source | 486,551,000Source |
| Liabilities and EquityUSD | 1,895,665,000Source | 1,647,384,000Source | 1,474,285,000Source | 1,316,044,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 223,224,000Source | 217,027,000Source | 203,630,000Source | 169,595,000Source |
| Operating Lease, Liability, CurrentUSD | 3,471,000Source | 3,178,000Source | 3,075,000Source | 3,397,000Source |
| Accounts Payable, CurrentUSD | 20,852,000Source | 20,650,000Source | 17,484,000Source | 10,569,000Source |
| Operating Lease, Liability, NoncurrentUSD | 4,892,000Source | 4,718,000Source | 3,903,000Source | 3,923,000Source |
| Deferred Income Tax Liabilities, NetUSD | 41,443,000Source | 34,127,000Source | 21,101,000Source | 35,400,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 73,881,000Source | 79,656,000Source | 91,824,000Source | 80,309,000Source |
| Deferred Revenue, CurrentUSD | 117,887,000Source | 104,230,000Source | 84,513,000Source | 67,784,000Source |
| Deferred Revenue, NoncurrentUSD | 1,175,000Source | 978,000Source | 1,464,000Source | 1,615,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 20,907,000Source | 19,962,000Source | 16,480,000Source | 13,667,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 5,271,000Source | -3,299,000Source | 6,566,000Source | -151,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | -103,000Source |
| Increase (Decrease) in Accounts PayableUSD | -1,139,000Source | 1,868,000Source | 6,180,000Source | -620,000Source |
| Deferred Income Tax Expense (Benefit)USD | 11,071,000Source | -5,042,000Source | -5,978,000Source | 3,244,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 266,246,000Source | 219,272,000Source | 207,680,000Source | 192,395,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 290,204,000Source | 142,700,000Source | 115,561,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -157,350,000Source | -296,947,000Source | -148,263,000Source | -121,632,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,730,000Source | 6,743,000Source | 5,563,000Source | 6,071,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 6,487,000Source | 6,745,000Source | 4,886,000Source | — |
| Payments for Repurchase of Common StockUSD | 892,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 5,016,000Source | -3,630,000Source | -14,741,000Source | -4,603,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 120,388,000Source | -84,814,000Source | 44,567,000Source | 62,948,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 57,248,000Source | 53,411,000Source | 44,939,000Source | 23,791,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 20,907,000Source | 19,962,000Source | 16,480,000Source | 13,667,000Source |
| Amortization of Intangible AssetsUSD | 81,183,000Source | 69,399,000Source | 60,501,000Source | 60,177,000Source |
| DepreciationUSD | 5,948,000Source | 5,589,000Source | 5,474,000Source | 5,225,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,800,000Source | 500,000Source | 1,000,000Source | 1,200,000Source |
| General and Administrative ExpenseUSD | 72,457,000Source | 65,248,000Source | 57,373,000Source | 49,710,000Source |
| GoodwillUSD | 1,025,783,000Source | 924,755,000Source | 760,413,000Source | 675,647,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 53,323,000Source | 48,360,000Source | 35,245,000Source | 31,492,000Source |
| InterestExpenseNonoperatingUSD | 967,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 163,767,000Source | 143,273,000Source | 115,907,000Source | 102,236,000Source |
| Operating ExpensesUSD | 351,949,000Source | 311,302,000Source | 291,787,000Source | 242,254,000Source |
| Proceeds from Issuance of Common StockUSD | 14,104,000Source | 12,391,000Source | 9,272,000Source | 1,730,000Source |
| Proceeds from Stock Options ExercisedUSD | 14,100,000Source | 12,400,000Source | 9,300,000Source | 1,700,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 728,992,000Source | 651,000,000Source | 572,931,000Source | 486,014,000Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cost of RevenueUSD | 167,065,000Source | 158,574,000Source | 138,295,000Source | 113,326,000Source |
| Operating Income (Loss)USD | 209,978,000Source | 181,124,000Source | 142,849,000Source | 130,434,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 217,090,000Source | 191,633,000Source | 151,152,000Source | 133,728,000Source |
| Income Tax Expense (Benefit)USD | 53,323,000Source | 48,360,000Source | 35,245,000Source | 31,492,000Source |
| Net Income (Loss) Attributable to ParentUSD | 163,767,000Source | 143,273,000Source | 115,907,000Source | 102,236,000Source |
| Earnings Per Share, BasicUSD per share | 1.91Source | 1.68Source | 1.36Source | 1.21Source |
| Earnings Per Share, DilutedUSD per share | 1.87Source | 1.64Source | 1.34Source | 1.18Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 85,871,000Source | 85,443,000Source | 85,068,000Source | 84,791,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 87,579,000Source | 87,323,000Source | 86,818,000Source | 86,451,000Source |
| Interest Expense (non-operating)USD | 967,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 81,183,000Source | 69,399,000Source | 60,501,000Source | 60,177,000Source |
| Business Combination, Acquisition Related CostsUSD | 5,591,000Source | 5,803,000Source | 3,697,000Source | 2,560,000Source |
| Current Income Tax Expense (Benefit)USD | 42,252,000Source | 53,402,000Source | 41,223,000Source | 28,248,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,800,000Source | 500,000Source | 1,000,000Source | 1,200,000Source |
| General and Administrative ExpenseUSD | 72,457,000Source | 65,248,000Source | 57,373,000Source | 49,710,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 561,927,000Source | 492,426,000Source | 434,636,000Source | 372,688,000Source |
| Interest ExpenseUSD | — | 1,004,000Source | 1,363,000Source | 1,167,000Source |
| Operating ExpensesUSD | 351,949,000Source | 311,302,000Source | 291,787,000Source | 242,254,000Source |
| Other Cost and Expense, OperatingUSD | 10,429,000Source | 7,466,000Source | 21,649,000Source | 5,441,000Source |
| Research and Development ExpenseUSD | 105,310,000Source | 95,497,000Source | 84,103,000Source | 70,353,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 728,992,000Source | 651,000,000Source | 572,931,000Source | 486,014,000Source |
| Selling and Marketing ExpenseUSD | 82,570,000Source | 73,692,000Source | 68,161,000Source | 56,573,000Source |