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Dye & Durham
(TSX:DND)
Dye & Durham (DND) vs. iShares MSCI Canada ETF (EWC)
Dye & Durham Business Overview & Revenue Model
Dye & Durham Earnings Call Summary
Dye & Durham Financial Statement Overview
| Breakdown | Dec 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 440.73M | 457.70M | 451.11M | 474.81M | 208.94M |
| Gross Profit | 144.88M | 312.90M | 304.78M | 417.25M | 181.02M |
| EBITDA | 172.34M | 104.83M | 79.05M | 232.35M | 34.94M |
| Net Income | -88.05M | -174.98M | -170.64M | 7.67M | -40.85M |
Balance Sheet | |||||
| Total Assets | 2.15B | 2.24B | 2.12B | 2.25B | 1.56B |
| Cash, Cash Equivalents and Short-Term Investments | 228.10M | 80.32M | 36.27M | 223.62M | 429.33M |
| Total Debt | 1.62B | 1.55B | 1.35B | 1.17B | 599.94M |
| Total Liabilities | 1.90B | 1.85B | 1.70B | 1.49B | 807.45M |
| Stockholders Equity | 254.81M | 389.34M | 423.08M | 763.42M | 750.92M |
Cash Flow | |||||
| Free Cash Flow | 30.68M | 141.92M | 108.30M | 161.63M | 69.83M |
| Operating Cash Flow | 34.86M | 180.87M | 141.40M | 185.44M | 79.35M |
| Investing Cash Flow | -270.69M | -40.28M | -158.27M | -923.58M | -790.67M |
| Financing Cash Flow | 14.23M | 90.16M | -164.87M | 535.30M | 1.14B |
Dye & Durham Technical Analysis
Dye & Durham Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$2.74B | 188.66 | 2.88% | ― | -9.05% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | C$7.19B | 2,962.50 | 4.86% | ― | 25.22% | -97.97% | |
59 Neutral | C$211.26M | -27.38 | -2.18% | ― | -4.34% | 31.52% | |
54 Neutral | C$541.69M | -12.19 | -18.09% | ― | 12.20% | -8.46% | |
44 Neutral | C$246.62M | -2.40 | ― | 1.80% | 2.47% | 19.37% | |
44 Neutral | C$88.38M | -24.29 | ― | ― | ― | ― |
Dye & Durham Corporate Events
Dye & Durham reported second quarter fiscal 2026 revenue of $107.0 million and first-half revenue of $215.3 million, reflecting a year-over-year decline driven by market downturns, loss of customers, and less favorable contract renewals in its legal software and data insights businesses. Despite higher net losses of $21.8 million in the quarter and $60.1 million year-to-date, the company generated stronger operating cash flow, maintained compliance with its senior credit covenants, and is investing in labor and IT infrastructure as part of a multi-year transformation aimed at simplifying operations, reducing leverage, and positioning for long-term growth.
Adjusted EBITDA fell 22% in the quarter to $50.4 million and 24% in the first half to $100.8 million, as lower revenue combined with strategic reinvestment and a shift of some spending from capitalized projects to maintenance expenses weighed on profitability. Management highlighted improved working capital and lower financing and tax costs as key drivers of better operating cash flow, while the board continues to reassess the company’s dividend approach amid the ongoing effort to stabilize the business and navigate near-term headwinds in parts of its legal software segment.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited, a global provider of cloud-based legal practice management and transaction-support solutions, serves law firms, corporations, and public-sector clients with data and payments infrastructure across multiple international markets. Its platforms are designed to streamline legal workflows, support critical corporate deals, and facilitate trusted payment processing for institutional users.
The company announced it will host a conference call on February 17, 2026, to review financial results for the three and six months ended December 31, 2025, with required quarterly filings expected by February 16, 2026. The call offers investors and other stakeholders an opportunity to assess Dye & Durham’s recent operating performance, providing additional transparency into its financial trajectory and the health of its expanding legal technology and infrastructure business.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has launched its flagship Unity conveyancing platform in British Columbia, extending what it describes as Canada’s most widely used real estate transaction solution to a key provincial market. Unity, already processing more than 350,000 real estate transactions annually nationwide, has been customized for B.C. workflows and integrates matter management, document automation and third-party systems for legal professionals.
The rollout responds to survey data showing more than 80% of B.C. legal and notary professionals view poor platform integration as a major bottleneck in property transactions. By linking services such as mortgage instruction tools, municipal tax certificate systems and the provincial land title authority, Unity aims to reduce manual data entry, increase accuracy and give firms a more unified, scalable operating environment while complementing existing Dye & Durham products like ProSuite, eConveyance and Brief Convey.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has regained regulatory compliance after the Ontario Securities Commission revoked a failure-to-file cease trade order that stemmed from delayed financial disclosures for its 2025 fiscal year, clearing the way for its shares to resume trading on the Toronto Stock Exchange. With its required financial statements now filed and reporting covenants under its debt instruments restored to good standing, the company is moving ahead with an Excess Proceeds Offer using remaining net proceeds from the sale of Credas Technologies, a step that fulfills obligations under its senior secured notes and signals a normalization of its capital markets and financing position following the temporary trading halt.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has filed a revised management’s discussion and analysis for the fiscal year ended June 30, 2025, correcting several figures and descriptions related to cash flow, adjusted EBITDA, earnings per share and certain financial terminology. The company also submitted a revised annual information form to align its effective date with the auditor’s report and to reflect developments after September 30, 2025, moves that aim to improve the accuracy and regulatory compliance of its public financial disclosures for investors and other stakeholders.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has filed its audited financial statements for fiscal 2025 and unaudited results for the first quarter of fiscal 2026, reporting full-year revenue of $440.7 million with a net loss of $88.0 million and Adjusted EBITDA of $232.8 million, alongside Q1 2026 revenue of $108.3 million, a net loss of $38.3 million and Adjusted EBITDA of $50.4 million, and has scheduled its annual general and special meeting of shareholders for March 4, 2026. The filings are expected to lead to the revocation of a failure‑to‑file cease trade order issued in December 2025, allowing the company’s shares to resume trading on the Toronto Stock Exchange and bringing it back into compliance with its debt covenants; management highlighted efforts to restore operational and financial stability, refresh the board and leadership, correct prior-period accounting errors, and finalize a comprehensive strategic plan aimed at simplifying the business, improving operations and enhancing long-term value for stakeholders.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has expanded its board of directors to eight members and appointed Allen Taylor, currently president of consulting and advisory firm GTD Partners and a veteran of Brookfield Asset Management, as a new director. Taylor, who previously served as a board observer and brings extensive experience in operational and financial turnarounds, complex financial structures and governance roles at public companies such as Tucows, will also be nominated to the company’s director slate at its rescheduled annual general and special meeting, signaling an effort to strengthen board expertise and oversight as the firm continues to scale its global legal technology and payments infrastructure business.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has introduced an Electronic ID Verification feature within its Unity Practice Management platform, integrating FCT’s client ID verification technology directly into the workflows of lawyers and notaries handling real estate transactions. The embedded tool is designed to streamline identity checks at the outset of homebuying transactions, reduce manual processes, enhance fraud prevention and regulatory compliance with KYC and AML rules, and improve turnaround times, reinforcing Unity’s position as a widely used conveyancing platform in Canada and aiming to make the homebuying process more secure and efficient for legal professionals and consumers alike.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has completed the sale of its UK-based subsidiary Credas Technologies to SmartSearch for approximately £77.8 million, with all net proceeds earmarked for repaying senior secured debt as part of a broader effort to deleverage and strengthen its balance sheet. Management says the divestiture marks a key step in simplifying the business and refocusing on core legal software platforms, while a new commercial agreement with Credas and SmartSearch is designed to ensure ongoing service continuity for Dye & Durham’s practice management and data insights customers in the UK.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has appointed veteran securities and corporate lawyer Norman Findlay to its board of directors, where he will serve as Plantro Ltd.’s nominee, replacing outgoing director David Danziger. Findlay, a retired partner from Bennett Jones and former partner at several major Canadian law firms with extensive experience in securities, M&A and corporate governance, will also be included on the company’s slate for election at its rescheduled annual and special meeting, bolstering board expertise as the legal-tech provider continues to navigate complex capital markets and regulatory environments.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has disclosed a further delay in filing its audited financial statements for fiscal 2025 and its first-quarter results to September 30, 2025, after its auditor requested additional time to review historical revenue recognition practices under prior management. While current management believes any cumulative adjustments from earlier periods would be immaterial, the auditor will not issue an opinion until its review is complete, leaving a cease-trade order from the Ontario Securities Commission in place and forcing the company to seek court approval to postpone its December 31 annual and special shareholders’ meeting and reset the record date, with new materials to be circulated once a revised timetable is established.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited said Canada’s Commissioner of Competition has discontinued a previously disclosed inquiry into alleged conduct by the company and confirmed that no further investigative steps are planned. The decision removes a regulatory overhang for the legal technology and payments infrastructure provider, potentially easing concerns among investors and customers about ongoing competition scrutiny and allowing management to focus more fully on executing its growth strategy across its international markets.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has obtained an order from the Ontario Superior Court of Justice exempting it from the legal requirement to send its audited fiscal 2025 financial statements to shareholders 21 days before its December 31 annual general and special meeting, giving the company flexibility to complete its year-end audit. The company expects to finalize and file the audited statements by December 23 and, if that timeline is met, will proceed with the meeting as scheduled; otherwise, it plans to return to court to seek further relief, underscoring the importance of the audit timetable for its corporate governance processes and shareholder communications.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has formally initiated a strategic sale process to explore options for restructuring or selling the company and its Canadian Financial Services Division. The company also secured an essential amendment to its senior credit agreement, granting additional time to file outstanding financial statements and providing liquidity access. Furthermore, the unconditional clearance for the sale of Credas Technologies Ltd. has been received, reinforcing Dye & Durham’s strategic direction while ensuring continued operational stability during this transitional phase.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited announced that the Ontario Securities Commission has issued a failure-to-file cease trade order due to the company’s inability to file its required financial statements and related documents. This order prohibits trading of the company’s securities in Canada until the filings are completed, impacting the company’s operations and potentially affecting stakeholders’ confidence.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited announced the adjournment of a court hearing regarding its application for relief from the requirement to send audited financial statements to shareholders before the annual meeting. The delay allows a shareholder’s counsel to prepare opposition materials, potentially impacting the company’s compliance timeline and shareholder relations.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced an update regarding its management cease trade order (MCTO) due to delayed financial filings. The company has been granted an extension by the Ontario Securities Commission to file its required financial documents, but it faces potential default under its senior credit agreement if the filings are not completed by specified deadlines. The company is also seeking court relief to delay sending financial statements to shareholders ahead of its annual meeting, highlighting ongoing challenges in meeting regulatory and contractual obligations.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced the filing of its management information circular for the upcoming annual general and special meeting of shareholders scheduled for December 31, 2025. The company is currently unable to meet the delivery requirement for its annual financial statements due to ongoing audit processes, and has applied to the Ontario Superior Court of Justice for relief to extend the deadline or potentially delay the meeting. This situation may impact the company’s compliance with corporate and securities laws and could affect shareholder engagement.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced significant changes to its Board of Directors following a Settlement Agreement with OneMove Capital Ltd. These changes include the addition of new directors and a refreshed leadership team aimed at advancing the company’s strategic transformation. The agreement with OneMove, which includes voting support for the company’s slate at the upcoming AGM, is seen as a constructive step forward, positioning the company for better execution and sustained value creation for shareholders.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has responded to media reports regarding a legal action involving Plantro Ltd. and Matthew Proud. The company is enforcing compliance with a Cooperation Agreement, which includes standstill restrictions during its strategic review process. Dye & Durham disagrees with the allegations in the counterclaim and will address them through the court. The ongoing legal proceedings are part of the company’s efforts to maintain strategic focus and uphold shareholder interests.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.