SYLOGIST Reports Third Quarter 2025 Results

Core Insights - Sylogist Ltd. reported its Q3 2025 financial results, highlighting a transformation towards a SaaS-driven enterprise with 72% of revenue now recurring [2][3] - The company achieved a year-over-year growth of 15% in SaaS Annual Recurring Revenue (ARR), reaching $33.6 million, while total ARR grew by 5% to $45.8 million [7] - The Board of Directors approved a dividend of $0.01 per share, payable on December 10, 2025 [3] Financial Performance - SaaS Subscription revenue was reported at $8.3 million, with a year-over-year growth of 11.9% [1] - Total revenue was reported at $15.9 million, reflecting a decline of 4.2% year-over-year [1] - Adjusted EBITDA margin stood at 19.3%, equating to $3.1 million [7] Business Strategy - 48% of ARR bookings in the quarter were partner-driven, indicating successful implementation of the partner strategy [3] - The company is transitioning away from lower-margin, one-time project services to focus on high-margin SaaS revenue [3] Market Position - Sylogist serves over 2,000 public sector customers globally across government, non-profit, and education sectors [5] - The company’s stock is traded on the Toronto Stock Exchange under the symbol SYZ [5]