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D2L ( (TSE:DTOL) ) just unveiled an update.
D2L Inc. reported Fiscal 2026 fourth-quarter subscription and support revenue of US$51.1 million, up 9% year over year, and full-year subscription revenue of US$198.4 million, up 10%, while annual recurring revenue reached US$219.8 million. Total Q4 revenue rose 5% to US$55.8 million, though professional services revenue declined amid a cautious U.S. spending environment and previously disclosed churn in the U.S. K-12 segment.
The company delivered strong cash generation, with fiscal-year operating cash flow of US$43.0 million and free cash flow of US$44.4 million, alongside a debt-free balance sheet holding US$119.2 million in cash and cash equivalents. Management highlighted ongoing strength in higher education, corporate and international markets, growing AI-driven capabilities across its platform, and continued revenue momentum for D2L Lumi as key drivers underpinning its positioning as one of the fastest-growing learning platforms in its core markets.
The most recent analyst rating on (TSE:DTOL) stock is a Buy with a C$15.00 price target. To see the full list of analyst forecasts on D2L stock, see the TSE:DTOL Stock Forecast page.
Spark’s Take on DTOL Stock
According to Spark, TipRanks’ AI Analyst, DTOL is a Neutral.
The score is supported primarily by strong financial performance (improving margins and free cash flow) and reasonably supportive valuation. These positives are tempered by weak technical momentum (oversold and below key moving averages) and a mixed earnings-call outlook due to U.S. K-12 churn and near-term margin pressure despite steady guidance and international/AI progress.
To see Spark’s full report on DTOL stock, click here.
More about D2L
D2L Inc. is a Toronto-based global learning technology company that provides cloud-based education platforms and related services to academic and corporate customers. Its core business centers on subscription and support revenue from learning management solutions, with a growing focus on AI-enhanced products such as D2L Lumi targeting higher education, corporate and international markets.
Average Trading Volume: 33,375
Technical Sentiment Signal: Sell
Current Market Cap: C$456.8M
See more insights into DTOL stock on TipRanks’ Stock Analysis page.

