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D2L ( (TSE:DTOL) ) has provided an announcement.
D2L Inc. reported a strong financial performance for the second quarter of Fiscal 2026, with total revenue increasing by 11% year-over-year to $54.8 million. The company saw significant growth in subscription and support revenue, which rose by 14% to $50.1 million, and an increase in annual recurring revenue by 7% to $212.6 million. D2L’s adjusted EBITDA also improved, reaching $7.5 million compared to $4.2 million in the previous year. The company achieved a net income of $2.7 million, reversing a loss from the prior year. These results reflect D2L’s successful execution of its innovation agenda, including the launch of new products with transformative AI capabilities, and its focus on securing flagship customers in key markets. Despite a decrease in professional services revenue due to cautious spending in the U.S. market, D2L maintains a strong balance sheet with $102.5 million in cash and no debt.
The most recent analyst rating on (TSE:DTOL) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on D2L stock, see the TSE:DTOL Stock Forecast page.
Spark’s Take on TSE:DTOL Stock
According to Spark, TipRanks’ AI Analyst, TSE:DTOL is a Outperform.
D2L’s strong financial performance and positive corporate events are the most significant factors driving the overall score. Technical analysis reinforces a moderately positive outlook, while valuation remains fair. The absence of earnings call data limits potential insights into management’s outlook.
To see Spark’s full report on TSE:DTOL stock, click here.
More about D2L
D2L Inc. is a leading global learning technology company that focuses on providing innovative educational solutions. The company’s primary products and services include software-as-a-service (SaaS) platforms designed to enhance learning experiences across various education sectors. D2L aims to achieve market leadership by expanding its corporate footprint and advancing its core growth pillars.
Average Trading Volume: 29,116
Technical Sentiment Signal: Buy
Current Market Cap: C$910.2M
For an in-depth examination of DTOL stock, go to TipRanks’ Overview page.