DSGX FY 2024 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2024 Earnings

Reported April 22, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$651M	—	$573M	—	13.6%
Op. Income	$181M	—	$143M	—	26.8%
Gross Margin	75.6%	—	75.9%	—	-0.2pp
Net Margin	22.0%	—	20.2%	—	1.8pp
EPS (Diluted)	$1.64	—	$1.34	—	22.4%
Free Cash Flow	$213M	—	$203M	—	4.8%

Revenue Flow

Item	Amount
REVENUE	$651M
Cost of Revenue	$159M
GROSS PROFIT	$492M
R&D Expenses	$95M
Selling & Marketing	$74M
General & Administrative	$65M
SG&A Expenses	$139M
Other Expenses	$77M
Operating Expenses	$311M
Cost & Expenses	$470M
OPERATING INCOME	$181M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$192M
Income Tax Expense	$48M
Net Income from Continuing Ops	$143M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$143M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$143M
D&A	$75M
EBIT	$189M
EBITDA	$264M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$651M
Cost of Revenue	$159M
GROSS PROFIT	$492M
R&D Expenses	$95M
Selling & Marketing	$74M
General & Administrative	$65M
SG&A Expenses	$139M
Other Expenses	$77M
Operating Expenses	$311M
Cost & Expenses	$470M
OPERATING INCOME	$181M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$192M
Income Tax Expense	$48M
Net Income from Continuing Ops	$143M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$143M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$143M
D&A	$75M
EBIT	$189M
EBITDA	$264M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$143M
Depreciation & Amortization	$75M
Stock-Based Compensation	$20M
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	-$23M
OPERATING CASH FLOW	$219M
Capital Expenditure	-$7M
Acquisitions (Net)	-$290M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$297M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$213M
Net Change in Cash	-$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$236M
Short-Term Investments	$0
Net Receivables	$71M
Inventory	$712.5K
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$353M
PP&E (Net)	$20M
Goodwill	$925M
Intangible Assets	$321M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.6B
Account Payables	$21M
Short-Term Debt	$369.6K
Deferred Revenue	$104M
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$217M
Long-Term Debt	$0
Deferred Revenue NC	$978.0K
Deferred Tax Liabilities	$34M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$45M
TOTAL LIABILITIES	$262M
Common Stock	$568M
Additional Paid-In Capital	$503M
Retained Earnings	$364M
Treasury Stock	$0
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$8M
Net Debt	-$228M