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Sangoma Technologies

SANG · Information Technology

Last earnings Nov 10, 2025

Key results

Revenuequarter

92%

Revenue Product vs Service Three month periods ended September 30 Three month periods ended June 30 2025 2024 Change Change 2025 Change Change $ $ $ % $ $ % Service revenue 46,878 49,693 (2,815) (6)% 48,057 (1,179) (2)% % of total revenue 92% 83% 9% 81% 11% Product revenue 3,940 10,457 (6,517) (62)% 11,305 (7,365) (65)% % of total revenue 8% 17% (9)% 19% (11)% Total revenue 50,818 60,150 (9,332) (16)% 59,362 (8,544) (14)% Quarterly Comparison Services revenue for the first quarter of Fiscal 2026 was $46,878 at 92% of total revenue, lower compared to $49,118 at 94% of total revenue in the equivalent quarter of the prior year, excluding VS, which the Company divested at the end of Fiscal 2025.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Product revenuequarter

$3,940

Product revenue for the first quarter of Fiscal 2026 was $3,940 increased 16% compared to $3,397 of Product revenue without VS in the equivalent quarter of the prior year.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Adjacent revenuequarter

6%

11 Revenue Core Adjacent Three month periods ended September 30 Three month periods ended June 30 2025 2024 Change Change 2025 Change Change $ $ $ % $ $ % Core 37,596 40,032 (2,436) (6)% 38,788 (1,192) (3)% % of total revenue 74% 76% (2)% 75% (1)% Adjacent revenue 13,222 12,482 740 6% 13,081 141 1% % of total revenue 26% 24% 2% 1% Total revenue excluding VS 50,818 52,514 (1,696) (3)% 51,869 (1,051) (2)% Quarterly Comparison Core revenue for the first quarter of Fiscal 2026 was $37,596 representing 74% of total revenue compared to $40,032 or 76% of total revenue in the equivalent quarter of the prior year.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Adjacent revenue for the first quarter of fiscal 2026 was $13,222, representing a 6% increase as compared to $12,482 in the equivalent quarter of the prior year.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Total revenuequarter

$50,818,

Total revenue for the first quarter of fiscal 2026 was $50,818, lower as compared to $52,514 of total revenue without VS revenue of $7,636 in the equivalent quarter of the prior year.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Core revenuequarter

$38,788

On a quarter-over-quarter basis, Core revenue was lower compared to $38,788 in the fourth quarter of Fiscal 2025, while Adjacent revenue was higher compared to $13,081, excluding VS revenue of $7,636.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Gross marginquarter

72%

Cost of sales and gross profit Three month periods ended September 30 Three month periods ended June 30 2025 2024 Change Change 2025 Change Change $ $ $ % $ $ % Cost of sales 14,013 18,969 (4,956) (26)% 19,321 (5,308) (27)% Gross profit 36,805 41,181 (4,376) (11)% 40,041 (3,236) (8)% Gross margin 72% 68% 4% 67% 5% 12 Quarterly Comparison The cost of sales for the first quarter of Fiscal 2026 was $14,013 compared to $12,748 excluding VS in the equivalent quarter of the prior year, driven primarily by the increase in Product attachment to our Services deals.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Quarterly Comparison revenuequarter

$11,725

Expenses Costs are allocated to four main categories as follow Three month periods ended September 30 2025 2024 Change Change $ $ $ % Sales and marketing 11,725 12,556 (831) (7)% Research and development 11,313 11,342 (29) % General and administration 7,246 9,960 (2,714) (27)% Amortization of intangible assets 8,172 8,198 (26) % Sales and marketing Quarterly Comparison Sales and marketing expense was $11,725 for the first quarter of Fiscal 2026, which decreased 7% from the $12,556 incurred in the equivalent quarter of the prior year, at approximately 23% of revenue compared to 21% the same quarter a year ago.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

AI analysis

Q3 2025 · reported Nov 10, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Gross margin · Q3 2025
72%
EX-99 · Nov 10, 2025
Product revenue · Q3 2025
$3,940
EX-99 · Nov 10, 2025
Total revenue · Q3 2025
$50,818,
EX-99 · Nov 10, 2025
Core revenue · Q3 2025
$38,788
EX-99 · Nov 10, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Revenue92%——
Product revenue$3,940——
Adjacent revenue6%——
Total revenue$50,818,——
Core revenue$38,788——
Gross margin72%——
Quarterly Comparison revenue$11,725——

EX-99 · Nov 10, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin72%

Capital allocation

The ESPP does not include any buy-back provisions or price protection against reductions in share price.

Under the ASPP, the broker is authorized to repurchase common shares during blackout periods, without consultation with the Company, on predefined terms, including share price, time period and subject to other limitations imposed by the Company and subject to rules and policies of the TSX and applicable securities laws, such as a daily purchase restriction.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Sangoma Technologies Q3 2025 — Revenue Product vs Service Three month periods ended September 30 Three month periods ended June 30 2025 2024 Change Change 2025 Change Change $ $ $ % $ $ % Service revenue 46,878 49,693 (2,815) (6)%…

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

The ESPP does not include any buy-back provisions or price protection against reductions in share price.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Under the ASPP, the broker is authorized to repurchase common shares during blackout periods, without consultation with the Company, on predefined terms, including share price, time period and subject to other limitations imposed by the Company and subject to rules and policies of the TSX and applicable securities laws, such as a daily purchase restriction.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Interest rate risk The Company s exposure to interest rate fluctuations is with its credit facility (Note 14) which bears interest at a floating rate.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

The balance outstanding against this term loan facility as of September 30, 2025 is $nil (June 30, 2025 - $nil).

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

(ii) On March 31, 2021, the Company amended its term loan facility with its lenders and drew down a second loan of $52,500 to fund part of the acquisition of StarBlue Inc.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

The balance outstanding against this term loan facility as of September 30, 2025 is $13,125 (June 30, 2025 - $15,313).

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Strategy & priorities

Disposal of VoIP Supply LLC As disclosed in note 20 of the annual financial statement for the year ended June 30, 2025, during fiscal 2025, the Company initiated plans for the disposal of substantially all of the assets and liabilities from VoIP Supply LLC, as part of its strategic realignment.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

FORWARD-LOOKING STATEMENTS This MD A contains forward-looking statements, including statements regarding the future success of our business, development strategies and future opportunities.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

This information provides an additional view of Sangoma s revenue and growth drivers, highlighting the Company s focus on expanding recurring revenue and increasing the proportion of total revenue derived from it.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Innovation Sangoma is committed to advancing its AI capabilities by investing in and developing its proprietary AI platform and collaborating with leading third-party AI platforms.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Sales and marketing Over the past year, Sangoma has undergone a transformation in its go-to-market strategy.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Risks & headwinds

Significant accounting judgements, estimates and uncertainties These unaudited condensed consolidated interim financial statements were prepared using the same basis of presentation, accounting policies and methods of computation as those of the audited consolidated financial statements for the year ended June 30, 2025.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Although Sangoma believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Forward-looking statements are based on the opinions, estimates, and assumptions of management as of the date of this press release and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

No introduction of materially adverse tariffs, trade restrictions, or other regulatory barriers that would impact the Company s cost structure or demand environment.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

No significant labor disruptions, attrition spikes, or challenges in securing specialized talent in technology, sales, or operations.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

3 Forward-looking statements are based on the opinions, estimates, and assumptions of management as of the date of this press release and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.

SEC original ↗Sangoma Technologies — Earnings release (6-K exhibit)EX-99Nov 10, 2025

Documents

Earnings deck slides

0 decks with slide view

Sangoma Technologies — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyMonolithic Power Systems (MPWR) Information TechnologyCoherent Corp. (COHR) Information Technology

Filings

40 documents

Earnings releases

3 documents

Presentations

1 document

Transcripts

0 documents

No transcripts for Sangoma Technologies are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.