Education
About Us
Working with TipRanks
Follow Us
Coveo Solutions (TSE:CVO)
TSX:CVO
Earnings Data
Report Date
Jun 16, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.1Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial momentum and product differentiation: record bookings, above‑guide revenue, high product margins, meaningful expansions with large customers, new platform launches and strategic partnerships. Financially the company remains well‑capitalized with improving operating cash flow. Near‑term negatives were modest: a small adjusted EBITDA shortfall versus prior year influenced by one‑time severance, the completed deprecation of the Qubit product (removing a revenue stream), a one‑time contract renegotiation that slightly lowered NER, and a cautious sequential Q4 guide driven partly by calendar timing. Overall, highlights around growth, bookings, product strength and cash significantly outweigh the limited operational and one‑time headwinds discussed on the call.Company Guidance
Record Bookings and Customer Momentum
Strongest new bookings performance in company history; broke records in subscription bookings and net bookings. Secured largest new customer win (7‑figure) with a Fortune 500 industrial customer and expanded 80+ subscriptions with existing customers (e.g., Deloitte, United Airlines, Ticketmaster, Cardinal Health, Thomson Reuters, USAA, Vanguard, Workday).
Revenue Growth Above Guidance
SaaS subscription revenue of $36.6M, ahead of guidance and up 13% year‑over‑year; total revenue $38.0M, up 12% YoY. Coveo Core platform subscription revenue $35.8M, up 15% YoY.
Strong Platform/Product Economics
High gross margins: overall gross margin 78% and product gross margin 81% (above 80%), reflecting efficient, high‑margin SaaS economics.
Net Expansion and Large‑Account Expansion
Net expansion rate (NER) on Coveo Core was 105% in Q3 (would have been 108% excluding a one‑time renegotiation). Top 20 customers have a ~150% 3‑year net expansion rate and average >$1M in ARR.
Cash Position and Balance Sheet Strength
Strong liquidity with $100.8M cash as of Dec 31, 2025 and no debt. Company repurchased ~$4.7M of shares (~1.1M shares) under NCIB during the quarter.
Positive Operating Cash Flow and Improved Cash Conversion
Operating cash flow was positive $0.5M in Q3 versus negative $0.2M a year ago, indicating improving cash generation.
Product and Partnership Momentum
Launched RAG‑as‑a‑Service, MCP server, Coveo app for ChatGPT Enterprise and RAG‑as‑a‑Service for AWS Agentic services. Announced strategic partnership with Deloitte and an MOU with the Government of Canada. Notable commerce expansion (second largest AI commerce expansion with Cardinal Health).
Guidance Reaffirmed and Full‑Year Outlook
Reaffirming FY2026 guidance and now expecting to exit the year at the high end of the previously guided range: SaaS subscription revenue $142.2M–$142.7M and total revenue $148.0M–$148.5M. Q4 SaaS subscription revenue guide: $35.6M–$36.1M. Company expects adjusted EBITDA approximately breakeven for the fiscal year and positive operating cash flows for FY2026.
TSE:CVO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:CVO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | C$6.16 | C$6.10 | -0.97% |
Oct 30, 2025 | C$8.01 | C$6.00 | -25.09% |
Jul 31, 2025 | C$9.02 | C$8.37 | -7.21% |
May 20, 2025 | C$7.00 | C$6.90 | -1.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Coveo Solutions (TSE:CVO) report earnings?
Coveo Solutions (TSE:CVO) is schdueled to report earning on Jun 16, 2026, After Close (Confirmed).
What is Coveo Solutions (TSE:CVO) earnings time?
Coveo Solutions (TSE:CVO) earnings time is at Jun 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CVO EPS forecast?
TSE:CVO EPS forecast for the fiscal quarter 2026 (Q4) is -0.07.