The earnings call highlighted strong SaaS revenue growth and profitability improvements, driven by increased subscription revenue and successful product innovations, particularly in AI. However, challenges were noted in the professional services revenue and U.S. K-12 market churn. The overall sentiment is slightly more positive due to the strong financial performance and new customer acquisitions.

Company Guidance

During the Q2 earnings call for D2L Inc., a comprehensive update on the company's financial performance and strategic initiatives was provided. D2L reported total revenue growth of 11% to $54.8 million, with subscription and support revenue rising 14% to $50.1 million, which led to increased full-year guidance. Adjusted gross margins improved by 220 basis points to 71%, and annual recurring revenue grew 7% to $212.6 million. The company highlighted an adjusted EBITDA increase to $7.5 million, with an adjusted EBITDA margin of 13.7%, up 510 basis points from the previous year. Internationally, D2L expanded its footprint with new customers across key regions, while corporate learning also saw growth with notable clients like the Project Management Institute. The call underscored D2L's ongoing innovation in AI and other products, which contributed to healthy pipeline generation despite macroeconomic challenges. Additionally, the company raised its annual SaaS revenue guidance to $198-$200 million, reflecting a 10-11% growth over fiscal 2025.

Strong SaaS Revenue Growth

Total revenue grew by 11% to $54.8 million, with subscription and support revenue rising 14% to $50.1 million. This drove an increase in full-year guidance.

Improved Profitability

Adjusted EBITDA increased to $7.5 million, with an adjusted EBITDA margin at 13.7%, up 510 basis points from last year's Q2.

AI and Product Innovation

Continued enhancements to core products with a focus on AI, leading to increased customer adoption and a growing list of AI experiences in D2L Lumi.

New Customer Acquisitions

Added notable new customers such as the University of the People, Red Deer Polytechnic, JIS Group, SASTRA University, and Northwest University.

Recognition and Awards

Named One of Canada's Best Managed Companies for the 13th consecutive year and won the Overall Learning Management System Solution Provider of the Year in the 2025 EdTech Breakthrough Awards.

D2L (TSE:DTOL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:DTOL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 03, 2025	2026 (Q3)	0.11 / -	0.138	―	―	―
Sep 10, 2025	2026 (Q2)	0.06 / 0.07	0	―	―	―
Jun 10, 2025	2026 (Q1)	0.08 / 0.08	0.014	500.00% (+0.07)	―	―
Apr 02, 2025	2025 (Q4)	0.10 / 0.48	0.014	3400.00% (+0.47)	―	―
Dec 04, 2024	2025 (Q3)	0.09 / 0.14	-0.014	1100.00% (+0.15)	―	―
Sep 04, 2024	2025 (Q2)	0.00 / 0.00	-0.125	―	―	―
Jun 04, 2024	2025 (Q1)	0.03 / 0.01	0.028	-50.00% (-0.01)	―	―
Apr 03, 2024	2024 (Q4)	0.02 / 0.01	-0.166	108.33% (+0.18)	―	―
Dec 05, 2023	2024 (Q3)	-0.04 / -0.01	-0.069	80.00% (+0.06)	―	―
Sep 06, 2023	2024 (Q2)	-0.04 / -0.12	-0.125	0.00% (0.00)	―	―

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:DTOL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 10, 2025	C$16.51	C$18.65	+12.96%
Jun 10, 2025	C$13.18	C$15.02	+13.96%
Apr 02, 2025	C$15.16	C$12.90	-14.91%
Dec 04, 2024	C$16.64	C$18.20	+9.37%

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 D2L, Inc. (TSE:DTOL) report earnings?

D2L, Inc. (TSE:DTOL) is schdueled to report earning on Dec 03, 2025, After Close (Confirmed).

What is D2L, Inc. (TSE:DTOL) earnings time?

D2L, Inc. (TSE:DTOL) earnings time is at Dec 03, 2025, 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:DTOL EPS forecast?

TSE:DTOL EPS forecast for the fiscal quarter 2026 (Q3) is 0.11.

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