Company research
DESCARTES SYSTEMS GROUP INC
CIK 1050140Updated Oct 28, 2026
SecuritiesDSGX · NASDAQ · equityDSG · TSX · equity
DSGX price & chart
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NASDAQ:DSGX on TradingView ↗About the company
Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (“GLN”). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (“AI”) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes (Nasdaq:DSGX) (TSX:DSG) at www.descartes.com, and connect with us on LinkedIn and X.
In the news
Descartes To Showcase Supply Chain and Logistics AI and Technology Innovations at 2026 Innovation Forum ↗
Descartes Sets Date to Announce Second Quarter Fiscal 2027 Financial Results ↗
Descartes Acquires Drivin ↗
Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | Q2 2026 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| AssetsUSD | 1,756,024,000Source | 1,565,420,000Source | 1,416,122,000Source | 1,246,736,000Source | — | 1,895,665,000Source | 1,647,384,000Source | 1,474,285,000Source | 1,316,044,000Source |
| Property, Plant and Equipment, NetUSD | 13,106,000Source | 12,039,000Source | 12,603,000Source | 11,400,000Source | — | 13,507,000Source | 12,481,000Source | 11,552,000Source | 11,434,000Source |
| GoodwillUSD | 992,524,000Source | 849,991,000Source | 765,104,000Source | 671,802,000Source | — | 1,025,783,000Source | 924,755,000Source | 760,413,000Source | 675,647,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 349,998,000Source | 303,871,000Source | 282,026,000Source | 252,565,000Source | — | 332,069,000Source | 321,270,000Source | 251,047,000Source | 229,808,000Source |
| Current assets: | |||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 240,632,000Source | 252,653,000Source | 227,409,000Source | 189,030,000Source | — | 356,526,000Source | 236,138,000Source | 320,952,000Source | 276,385,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 61,341,000Source | 57,504,000Source | 56,236,000Source | 48,913,000Source | — | 64,771,000Source | 53,953,000Source | 51,569,000Source | 45,173,000Source |
| Inventory, NetUSD | 534,000Source | — | 970,000Source | 814,000Source | — | 101,000Source | 715,000Source | — | 759,000Source |
| Assets, CurrentUSD | 360,689,000Source | 365,157,000Source | 324,174,000Source | 270,841,000Source | — | 482,067,000Source | 352,566,000Source | 418,182,000Source | 358,651,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 39,613,000Source | 38,976,000Source | 26,426,000Source | 20,664,000Source | — | 34,317,000Source | 45,544,000Source | 33,468,000Source | 24,676,000Source |
| Operating Lease, Right-of-Use AssetUSD | 7,830,000Source | 6,804,000Source | 5,798,000Source | 8,089,000Source | — | 8,173,000Source | 7,623,000Source | 6,257,000Source | 6,774,000Source |
| Other Assets, NoncurrentUSD | 26,526,000Source | 25,121,000Source | 22,657,000Source | 19,262,000Source | — | 27,346,000Source | 24,887,000Source | 24,737,000Source | 22,247,000Source |
| LIABILITIES AND EQUITY | |||||||||
| LiabilitiesUSD | 256,138,000Source | 253,656,000Source | 242,318,000Source | 208,297,000Source | — | 276,753,000Source | 262,381,000Source | 236,251,000Source | 216,653,000Source |
| Stockholders’ equity: | |||||||||
| Common Stock, Value, IssuedUSD | 583,358,000Source | 561,850,000Source | 546,984,000Source | 537,003,000Source | — | 590,734,000Source | 568,339,000Source | 551,164,000Source | 538,448,000Source |
| Retained Earnings (Accumulated Deficit)USD | 438,292,000Source | 290,103,000Source | 162,317,000Source | 48,629,000Source | — | 526,975,000Source | 364,028,000Source | 220,755,000Source | 104,848,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -20,575,000Source | -34,249,000Source | -22,017,000Source | -26,813,000Source | — | -7,987,000Source | -50,497,000Source | -28,586,000Source | -30,456,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,499,886,000Source | 1,311,764,000Source | 1,173,804,000Source | 1,038,439,000Source | 962,811,000Source | 1,618,912,000Source | 1,385,003,000Source | 1,238,034,000Source | 1,099,391,000Source |
| Additional Paid in Capital, Common StockUSD | 498,811,000Source | 494,060,000Source | 486,520,000Source | 479,620,000Source | — | 509,190,000Source | 503,133,000Source | 494,701,000Source | 486,551,000Source |
| Liabilities and EquityUSD | 1,756,024,000Source | 1,565,420,000Source | 1,416,122,000Source | 1,246,736,000Source | — | 1,895,665,000Source | 1,647,384,000Source | 1,474,285,000Source | 1,316,044,000Source |
| Current liabilities: | |||||||||
| Liabilities, CurrentUSD | 211,893,000Source | 203,733,000Source | 203,798,000Source | 155,853,000Source | — | 223,224,000Source | 217,027,000Source | 203,630,000Source | 169,595,000Source |
| Operating Lease, Liability, CurrentUSD | 3,337,000Source | 2,947,000Source | 3,177,000Source | 3,604,000Source | — | 3,471,000Source | 3,178,000Source | 3,075,000Source | 3,397,000Source |
| Accounts Payable, CurrentUSD | 16,127,000Source | 21,276,000Source | 12,351,000Source | 9,837,000Source | — | 20,852,000Source | 20,650,000Source | 17,484,000Source | 10,569,000Source |
| Operating Lease, Liability, NoncurrentUSD | 4,637,000Source | 4,299,000Source | 2,977,000Source | 5,094,000Source | — | 4,892,000Source | 4,718,000Source | 3,903,000Source | 3,923,000Source |
| Deferred Income Tax Liabilities, NetUSD | 32,174,000Source | 39,438,000Source | 26,593,000Source | 37,301,000Source | — | 41,443,000Source | 34,127,000Source | 21,101,000Source | 35,400,000Source |
| Additional Financial Items | |||||||||
| Accrued Liabilities, CurrentUSD | 68,096,000Source | 65,194,000Source | 98,091,000Source | 71,416,000Source | — | 73,881,000Source | 79,656,000Source | 91,824,000Source | 80,309,000Source |
| Deferred Revenue, CurrentUSD | 116,870,000Source | 103,701,000Source | 85,421,000Source | 66,547,000Source | — | 117,887,000Source | 104,230,000Source | 84,513,000Source | 67,784,000Source |
| Deferred Revenue, NoncurrentUSD | 1,305,000Source | 1,372,000Source | 1,773,000Source | 1,746,000Source | — | 1,175,000Source | 978,000Source | 1,464,000Source | 1,615,000Source |
cash flow · annual statements
| Line item | Q2 2026 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | 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 | 4,453,000Source | 5,508,000Source | 4,451,000Source | 3,736,000Source | 3,015,000Source | 20,907,000Source | 19,962,000Source | 16,480,000Source | 13,667,000Source |
| Changes in operating assets and liabilities: | |||||||||
| Increase (Decrease) in Accounts ReceivableUSD | 641,000Source | 3,466,000Source | 6,051,000Source | 1,624,000Source | -316,000Source | 5,271,000Source | -3,299,000Source | 6,566,000Source | -151,000Source |
| Increase (Decrease) in InventoriesUSD | — | -321,000Source | -385,000Source | 18,000Source | 166,000Source | — | — | — | -103,000Source |
| Increase (Decrease) in Accounts PayableUSD | -6,180,000Source | 1,841,000Source | -367,000Source | -293,000Source | -94,000Source | -1,139,000Source | 1,868,000Source | 6,180,000Source | -620,000Source |
| Deferred Income Tax Expense (Benefit)USD | 5,796,000Source | 2,160,000Source | -1,869,000Source | 1,324,000Source | -2,000,000Source | 11,071,000Source | -5,042,000Source | -5,978,000Source | 3,244,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 63,336,000Source | 34,660,000Source | 52,011,000Source | 46,399,000Source | 46,374,000Source | 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 | — | — | — | 61,096,000Source | 54,418,000Source | — | 290,204,000Source | 142,700,000Source | 115,561,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,517,000Source | -15,318,000Source | -2,180,000Source | -62,882,000Source | -55,359,000Source | -157,350,000Source | -296,947,000Source | -148,263,000Source | -121,632,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,240,000Source | 1,576,000Source | 2,180,000Source | 1,786,000Source | 941,000Source | 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 | 3,638,000Source | -5,940,000Source | -5,754,000Source | -5,104,000Source | -218,000Source | 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 | 64,221,000Source | 13,731,000Source | 45,222,000Source | -22,749,000Source | -9,779,000Source | 120,388,000Source | -84,814,000Source | 44,567,000Source | 62,948,000Source |
| Supplemental disclosure of cash flow information: | |||||||||
| Income Taxes Paid, NetUSD | 12,141,000Source | 13,419,000Source | 14,352,000Source | 3,709,000Source | 1,583,000Source | 57,248,000Source | 53,411,000Source | 44,939,000Source | 23,791,000Source |
| Additional Financial Items | |||||||||
| Share-based Payment Arrangement, ExpenseUSD | 4,453,000Source | 5,508,000Source | 4,451,000Source | 3,736,000Source | 3,015,000Source | 20,907,000Source | 19,962,000Source | 16,480,000Source | 13,667,000Source |
| Amortization of Intangible AssetsUSD | 20,504,000Source | 17,419,000Source | 15,484,000Source | 16,086,000Source | 14,911,000Source | 81,183,000Source | 69,399,000Source | 60,501,000Source | 60,177,000Source |
| DepreciationUSD | 1,501,000Source | 1,386,000Source | 1,363,000Source | 1,301,000Source | 1,287,000Source | 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 | 17,147,000Source | 16,522,000Source | 14,591,000Source | 12,700,000Source | 10,855,000Source | 72,457,000Source | 65,248,000Source | 57,373,000Source | 49,710,000Source |
| GoodwillUSD | 992,524,000Source | 849,991,000Source | 765,104,000Source | 671,802,000Source | — | 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 | 11,470,000Source | 13,637,000Source | 10,383,000Source | 8,822,000Source | 2,732,000Source | 53,323,000Source | 48,360,000Source | 35,245,000Source | 31,492,000Source |
| InterestExpenseNonoperatingUSD | 243,000Source | 243,000Source | — | — | — | 967,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 38,020,000Source | 34,681,000Source | 28,116,000Source | 22,902,000Source | 23,176,000Source | 163,767,000Source | 143,273,000Source | 115,907,000Source | 102,236,000Source |
| Operating ExpensesUSD | 90,044,000Source | 77,031,000Source | 71,589,000Source | 62,545,000Source | 52,981,000Source | 351,949,000Source | 311,302,000Source | 291,787,000Source | 242,254,000Source |
| Proceeds from Issuance of Common StockUSD | 4,808,000Source | 3,283,000Source | 566,000Source | 111,000Source | 850,000Source | 14,104,000Source | 12,391,000Source | 9,272,000Source | 1,730,000Source |
| Proceeds from Stock Options ExercisedUSD | 4,800,000Source | 3,300,000Source | 600,000Source | 100,000Source | 900,000Source | 14,100,000Source | 12,400,000Source | 9,300,000Source | 1,700,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 179,815,000Source | 163,425,000Source | 143,393,000Source | 123,011,000Source | 104,570,000Source | 728,992,000Source | 651,000,000Source | 572,931,000Source | 486,014,000Source |
income statement · annual statements
| Line item | Q2 2026 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Cost of RevenueUSD | 41,588,000Source | 40,548,000Source | 34,974,000Source | 28,919,000Source | 25,470,000Source | 167,065,000Source | 158,574,000Source | 138,295,000Source | 113,326,000Source |
| Operating Income (Loss)USD | 48,183,000Source | 45,846,000Source | 36,830,000Source | 31,547,000Source | 26,119,000Source | 209,978,000Source | 181,124,000Source | 142,849,000Source | 130,434,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 49,490,000Source | 48,318,000Source | 38,499,000Source | 31,724,000Source | 25,908,000Source | 217,090,000Source | 191,633,000Source | 151,152,000Source | 133,728,000Source |
| Income Tax Expense (Benefit)USD | 11,470,000Source | 13,637,000Source | 10,383,000Source | 8,822,000Source | 2,732,000Source | 53,323,000Source | 48,360,000Source | 35,245,000Source | 31,492,000Source |
| Net Income (Loss) Attributable to ParentUSD | 38,020,000Source | 34,681,000Source | 28,116,000Source | 22,902,000Source | 23,176,000Source | 163,767,000Source | 143,273,000Source | 115,907,000Source | 102,236,000Source |
| Earnings Per Share, BasicUSD per share | 0.44Source | 0.41Source | 0.33Source | 0.27Source | 0.27Source | 1.91Source | 1.68Source | 1.36Source | 1.21Source |
| Earnings Per Share, DilutedUSD per share | 0.43Source | 0.4Source | 0.32Source | 0.27Source | 0.27Source | 1.87Source | 1.64Source | 1.34Source | 1.18Source |
| Total Revenue | — | — | — | — | — | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 85,833,000Source | 85,430,000Source | 85,083,000Source | 84,783,000Source | 84,566,000Source | 85,871,000Source | 85,443,000Source | 85,068,000Source | 84,791,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 87,590,000Source | 87,241,000Source | 86,783,000Source | 86,338,000Source | 86,128,000Source | 87,579,000Source | 87,323,000Source | 86,818,000Source | 86,451,000Source |
| Interest Expense (non-operating)USD | 243,000Source | 243,000Source | — | — | — | 967,000Source | — | — | — |
| Additional Financial Items | |||||||||
| Amortization of Intangible AssetsUSD | 20,504,000Source | 17,419,000Source | 15,484,000Source | 16,086,000Source | 14,911,000Source | 81,183,000Source | 69,399,000Source | 60,501,000Source | 60,177,000Source |
| Business Combination, Acquisition Related CostsUSD | 959,000Source | 1,311,000Source | 391,000Source | 514,000Source | 391,000Source | 5,591,000Source | 5,803,000Source | 3,697,000Source | 2,560,000Source |
| Current Income Tax Expense (Benefit)USD | 5,674,000Source | 11,477,000Source | 12,252,000Source | 7,498,000Source | 4,732,000Source | 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 | 17,147,000Source | 16,522,000Source | 14,591,000Source | 12,700,000Source | 10,855,000Source | 72,457,000Source | 65,248,000Source | 57,373,000Source | 49,710,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 138,227,000Source | 122,877,000Source | 108,419,000Source | 94,092,000Source | 79,100,000Source | 561,927,000Source | 492,426,000Source | 434,636,000Source | 372,688,000Source |
| Interest ExpenseUSD | — | 243,000Source | 340,000Source | 284,000Source | 272,000Source | — | 1,004,000Source | 1,363,000Source | 1,167,000Source |
| Operating ExpensesUSD | 90,044,000Source | 77,031,000Source | 71,589,000Source | 62,545,000Source | 52,981,000Source | 351,949,000Source | 311,302,000Source | 291,787,000Source | 242,254,000Source |
| Other Cost and Expense, OperatingUSD | 5,119,000Source | 150,000Source | 2,455,000Source | 1,289,000Source | 414,000Source | 10,429,000Source | 7,466,000Source | 21,649,000Source | 5,441,000Source |
| Research and Development ExpenseUSD | 26,752,000Source | 23,909,000Source | 21,738,000Source | 18,155,000Source | 15,473,000Source | 105,310,000Source | 95,497,000Source | 84,103,000Source | 70,353,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 179,815,000Source | 163,425,000Source | 143,393,000Source | 123,011,000Source | 104,570,000Source | 728,992,000Source | 651,000,000Source | 572,931,000Source | 486,014,000Source |
| Selling and Marketing ExpenseUSD | 20,522,000Source | 19,031,000Source | 17,321,000Source | 14,315,000Source | 11,328,000Source | 82,570,000Source | 73,692,000Source | 68,161,000Source | 56,573,000Source |
| Investment Income, Net | — | — | —Source | —Source | —Source | — | — | — | — |
Filing attachments
dsgx-20260731xex99d1.htm · 6-K · 2026-09-11
Table of Contents Exhibit 99.1 US GAAP FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2027 Table of Contents TABLE OF CONTENTS MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3 OVERVIEW 6 CONSOLIDATED OPERATIONS 10 QUARTERLY OPERATING RESULTS …
Read attachment ↗dsgx-20260731xex99d2.htm · 6-K · 2026-09-11
Exhibit 99.2 Press Release Descartes Announces Fiscal 2027 Second Quarter Financial Results Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, Georgia, September 10, 2026 (GLOBE NEWSWIRE) - The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2027 second quarter (Q2FY27). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally A…
Read attachment ↗dsgx-20260131xex4d1.htm · 40-F · 2026-03-11
Exhibit 4.1 Certificate of Amalgamation Canada Business Corporations Act Loi canadienne sur les sociétés par actions Certificat de fusion The Descartes Systems Group Inc. 1765937-7 Corporate name / Dénomination sociale Corporation number / Numéro de société Hantz Prosper Date of Amalgamation (YYYY-MM-DD) Date de fusion (AAAA-MM-JJ) Director / Directeur 2026-02-01 JE CERTIFIE que la société susmentionnée est issue d'une fusion, en vertu de l'article 185 de la Loi ca…
Read attachment ↗dsgx-20260131xex99d1.htm · 40-F · 2026-03-11
Table of Contents Exhibit 99.1 The Descartes Systems Group Inc. Annual Information Form MARCH 11, 2026 Table of Contents ITEM 1 GENERAL 3 ITEM 2 CORPORATE STRUCTURE 5 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── …
Read attachment ↗dsgx-20260131xex99d2.htm · 40-F · 2026-03-11
Table of Contents Exhibit 99.2 US GAAP Financial Results for the 2026 Fiscal Year Table of Contents TABLE OF CONTENTS MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3 OVERVIEW 5 CONSOLIDATED OPERATIONS 9 QUARTERLY OPERATING RESULTS …
Read attachment ↗