Press Release: Kinaxis Inc. Reports Second Quarter 2026 Financial Results

Dow Jones08-06
   --  SaaS revenue increased 20% year-over-year to $106.5 million 
 
   --  Annual Recurring Revenue2 $(ARR)$ increased 19% year-over-year to $465.6 
      million 
 
   --  Raises fiscal 2026 total revenue and SaaS revenue growth guidance 
OTTAWA, Ontario--(BUSINESS WIRE)--August 05, 2026-- 

Kinaxis$(R)$ Inc. (TSX:KXS), a global leader in end-to-end supply chain planning and orchestration, today announced financial results for its second quarter 2026, ended June 30, 2026. All amounts are in U.S. dollars. All figures are prepared in accordance with IFRS Accounting Standards (IFRS) unless otherwise indicated.

"We delivered a strong second quarter, fueled by continued execution and customer momentum from both new and existing customers, as many of the world's largest enterprises turn to Kinaxis to manage growing demand, volatility, uncertainty, and complexity," said Razat Gaurav, Chief Executive Officer at Kinaxis. "Our performance builds on the strongest first half in Kinaxis' history and gives us the confidence to raise our full-year guidance for total revenue and SaaS revenue growth. At the same time, we're accelerating innovation in Maestro, building a composable agentic AI platform that helps customers connect data, decisions, and actions to deliver unprecedented business outcomes with operational orchestration."

Second Quarter 2026 Financial Highlights:

   --  Total revenue increased 16% year-over-year to $158.8 million. Total 
      revenue included a negative impact of approximately $0.9 million from 
      foreign currency exchange rates (FX). 
 
   --  SaaS revenue increased 20% year-over-year to $106.5 million. SaaS 
      revenue included a negative impact of approximately $0.6 million from 
      FX. 
 
   --  ARR2 increased 19% year-over-year to $465.6 million. ARR2 grew 21% 
      year-over-year on a constant currency basis, excluding a negative impact 
      of approximately $1.0 million from FX. 
 
   --  Remaining performance obligations increased 18% year-over-year to 
      $983.5 million. 
 
   --  Profit of $21.2 million. 
 
   --  Adjusted EBITDA1 of $41.4 million, an increase of 23% year-over-year. 
      Adjusted EBITDA margin1 of 26%, a 130 basis points improvement 
      year-over-year. 
 
   --  Operating cash flow of $30.7 million. 

Financial Highlights

 
$ USD thousands, except as otherwise indicated   Q2 2026  Q2 2025  Change 
-----------------------------------------------  -------  -------  ------ 
Total Revenue                                    158,783  136,415     16% 
-----------------------------------------------  -------  -------  ------ 
                                           SaaS  106,546   88,437     20% 
                     Subscription term licenses    5,732    5,057    13 % 
                          Professional services   42,064   37,394    12 % 
                        Maintenance and support    4,441    5,527  (20) % 
-----------------------------------------------  -------  -------  ------ 
Gross profit                                     104,436  87,531 
 Margin                                              66%      64%    19 % 
-----------------------------------------------  -------  -------  ------ 
Profit                                            21,198  18,439 
 Per diluted share                                 $0.76    $0.64    15 % 
-----------------------------------------------  -------  -------  ------ 
                                                  41,353  33,730 
Adjusted EBITDA(1) Margin                            26%      25%    23 % 
-----------------------------------------------  -------  -------  ------ 
Cash flows from operating activities              30,711   22,566    36 % 
-----------------------------------------------  -------  -------  ------ 
 
 
(1) "Adjusted EBITDA" is a non-IFRS measure that is not a recognized, defined 
or standardized measure under IFRS. This measure as well as any other non-IFRS 
financial measures reported by Kinaxis are defined in the "Non-IFRS Measures" 
section of this news release. 
 

Annual Recurring Revenue

Annual Recurring Revenue(2) (ARR), which includes subscription amounts related to both SaaS and on-premise contracts, increased 19% year-over-year to $465.6 million at the end of the quarter. ARR(2) grew 21% year-over-year on a constant currency basis, excluding a negative impact of approximately $1.0 million from FX at the end of the quarter.

 
$USD millions                 Q2 2026  Q2 2025  Change 
----------------------------  -------  -------  ------ 
Annual recurring revenue(2)     465.6    391.0    19 % 
----------------------------  -------  -------  ------ 
 
 
(2) Annual Recurring Revenue (ARR) is the total annualized value of recurring 
subscription amounts (ultimately recognized as SaaS, Subscription term 
licenses and Maintenance and support revenue) of all subscription contracts at 
a point in time. Annualized subscription amounts are determined solely by 
reference to the underlying contracts, normalizing for the varying revenue 
recognition treatments under IFRS 15 for cloud-based versus on-premise 
subscription amounts. It excludes one-time fees, such as for non-recurring 
professional services, and assumes that customers will renew the contractual 
commitments on a periodic basis as those commitments come up for renewal, 
unless such renewal is known to be unlikely. We believe that this measure 
provides a more current indication of our performance in the growth of our 
subscription business than other metrics. 
 

Remaining Performance Obligations

The nature of the company's long-term contracts provides visibility into future, contracted revenue. The following table presents revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at June 30, 2026. Remaining performance obligations increased 18% year-over-year to $983.5 million.

 
                             Remainder of 
 $USD millions                       2026   2027   2028 and later   Total 
---------------------------  ------------  -----  ---------------  ------ 
SaaS                                212.1  348.7            379.5   940.3 
---------------------------  ------------  -----  ---------------  ------ 
Maintenance and support               8.7   15.2             13.6    37.6 
---------------------------  ------------  -----  ---------------  ------ 
Subscription term licenses            1.9    3.4              0.3     5.6 
---------------------------  ------------  -----  ---------------  ------ 
                      Total         222.8  367.4            393.4   983.5 
---------------------------  ------------  -----  ---------------  ------ 
 

Share Repurchases:

   --  During the second quarter 2026, the Company spent $46.7 million to 
      repurchase 450,251 shares of its common stock at an average price of 
      $103.79 through open market purchases. Since the start of the share 
      repurchase program, the Company has reduced its total outstanding share 
      count by 2.9% as of June 30, 2026. 

Innovation:

   --  At Kinexions North America in June, the Company shared its vision for 
      AI-driven operational orchestration, extending its scope beyond planning 
      and decision intelligence to help coordinate and operationalize those 
      decisions across people, systems, and AI agents in a continuous learning 
      loop to deliver positive business outcomes. To realize this vision, the 
      Company is building an extensible data fabric, creating an abstracted and 
      extensible semantic intelligence and ontology layer, developing a supply 
      chain context graph that captures the physics of the supply chain, and 
      providing a composable agent development studio to enable automation and 
      orchestration. This entire extension to the platform is being designed 
      for interoperability, extensibility, and composability. 
 
   --  Introduced Forward Deployed Engineering (FDE): A new engagement model 
      designed to help enterprises operationalize AI across their supply chains 
      and translate decisions into measurable business outcomes. FDE reflects 
      the Company's broader vision for operational orchestration, an approach 
      that coordinates signals, context, decisions, actions, and learnings 
      across the enterprise. 
 
   --  Launched Maestro Advanced Solver Studio: Allows customers and partners 
      to extend and compose decision logic with their own heuristic, 
      optimization, machine learning, and analytical models. 
 
   --  Launched Orchestrator Agent: An agent that dynamically combines the 
      right skills, sub-agents, data, tools, and workflows to respond to a 
      user's request, serving as a single-entry point. 
 
   --  Launched Agent skills: Reusable operational capabilities that provide 
      specialized workflows, business logic, and tool access for specific 
      tasks. 
 
   --  The Company has approximately 10% of its installed customer base on a 
      paid or trial subscription to Maestro Agents as of June 30, 2026. 

Recognition:

   --  Recognized as a Leader by ISG Supply Chain Planning Buyer's Guide 
      2026. 
 
   --  Recognized as a Leader by ISG S&OP Buyer's Guide 2026. 

Leadership Update:

   --  Appointed Kristin Russel as Chief Marketing Officer. Russel is a 
      recognized marketing executive in the technology industry with more than 
      25 years of experience driving brand, digital, demand generation, and 
      product and solution marketing. 
 
   --  Appointed Herb Yeh as Chief Financial Officer and Chief Strategy 
      Officer. Yeh is a corporate finance veteran bringing more than 25 years 
      of experience working with enterprise software companies through growth, 
      M&A, and strategic transformation. 

Upcoming Investor Conferences:

   --  On Wednesday, August 26, 2026, the Company is scheduled to host 
      investor meetings at the Deutsche Bank 2026 Technology Conference in Dana 
      Point, CA. 
 
   --  On Wednesday, September 9, 2026, the Company is scheduled to 
      participate in a fireside chat discussion at the Citi 2026 Global TMT 
      Conference in New York, NY at 12:35pm Eastern Time. A live webcast and 
      replay will be available on the Company's Investor Relations website. 
 
   --  On Thursday, September 10, 2026, the Company is scheduled to host 
      investor meetings at the Goldman Sachs Communacopia + Technology 2026 
      Conference in San Francisco, CA. 
 
   --  On Tuesday, September 15, 2026, the Company is scheduled to host 
      investor meetings at the BMO 2026 TMT Conference in Toronto, Canada. 

Fiscal 2026 Financial Outlook:

Based on information available as of August 5, 2026, financial guidance for fiscal 2026 is as follows:

   --  Raising total revenue from $620.0 million to $635.0 million to a range 
      of $625.0 million to $640.0 million. 
 
   --  Raising SaaS revenue growth from 17% to 19% year-over-year to a range 
      of 18% to 20% year-over-year. 
 
   --  Reaffirming Adjusted EBITDA1 margin is expected to be in the range of 
      25% to 26%. 

In addition to the above guidance, the Company is also providing fiscal 2026 FX estimates for modeling purposes. We expect FX to have a negative impact on total revenue by approximately $4.0 million to $4.5 million. We expect FX to have a negative impact on SaaS revenue by approximately $2.5 million to $3.0 million.

In addition to the above guidance, the Company is also providing fiscal 2026 weighted-average number of basic and diluted share estimates for modeling purposes. We expect basic weighted-average shares outstanding to be approximately 27.3 million shares and diluted weighted-average shares outstanding to be approximately 27.7 million shares. These share count forecasts do not include the impact of any share repurchases the Company may pursue in the future.

Guidance in this press release is provided to enhance visibility into Kinaxis' expectations for financial targets for the periods indicated. Please refer to the section regarding forward-looking statements that forms an integral part of this release. This press release along with the financial statements and MD&A for the quarter ended June 30, 2026, are available on Kinaxis' website and on SEDAR+ at www.sedarplus.ca.

Conference Call Details:

Kinaxis will host a conference call tomorrow, August 6, 2026, to discuss second quarter 2026 financial results and financial outlook for fiscal 2026 at 8:30 a.m. Eastern Time. A live webcast of the conference call will be available on the Investor Relations section of Kinaxis's website at investors.kinaxis.com where presentation materials will also be posted prior to the conference call. A replay will be available online approximately two hours following the live call for a period of 30 days.

 
DATE:          Thursday, August 6, 2026 
TIME:          8:30 a.m. Eastern Time 
WEBCAST        https://events.q4inc.com/attendee/854228135 
 

About Kinaxis Inc.

Kinaxis is a global leader in modern supply chain planning and orchestration, powering complex global supply chains and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro$(TM)$, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain -- from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today's volatility and disruption. For more news and information, please visit kinaxis.com or follow us on LinkedIn.

Non-IFRS Measures

This press release makes reference to Adjusted Profit and Adjusted EBITDA, which are non-IFRS financial measures, as well as Adjusted EBITDA margin which expresses Adjusted EBITDA as a percentage of revenue. Adjusted Profit, Adjusted EBITDA and Adjusted EBITDA margin are not recognized, defined or standardized measures under IFRS. We use these measures to provide investors with supplemental information on our operating performance and to highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. We believe that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Providing these non-IFRS measures provides useful information because they portray the financial results of the Company before certain expenses that do not impact the ongoing operating decisions taken by management. Management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our capital expenditure and working capital requirements, and to determine components of employee compensation.

Adjusted Profit represents profit adjusted to exclude our equity compensation plans. Adjusted EBITDA represents profit adjusted to exclude our equity compensation plans, income tax expense, depreciation and amortization, foreign exchange loss (gain) and net finance (income) expense. Adjusted EBITDA margin expresses Adjusted EBITDA as a percentage of revenue. Our definitions of Adjusted Profit, Adjusted EBITDA and Adjusted EBITDA margin will likely differ from those used by other companies (including our peers) and therefore comparability may be limited. Non-IFRS measures should not be considered a substitute for or in isolation from measures prepared in accordance with IFRS. Investors are encouraged to review our financial statements and disclosures in their entirety and are cautioned not to put undue reliance on non-IFRS measures and view them in conjunction with the most comparable IFRS financial measures. Kinaxis has reconciled Adjusted Profit and Adjusted EBITDA to the most comparable IFRS financial measure as follows:

 
                Three months ended June    Six months ended June 
                          30,                       30, 
                ------------------------  ------------------------ 
                   2026         2025         2026         2025 
                -----------  -----------  -----------  ----------- 
                 (In thousands of USD)     (In thousands of USD) 
Profit               21,198       18,439       50,618       34,352 
Share-based 
 compensation        12,100       10,374       20,720       19,721 
                -----------  -----------  -----------  ----------- 
Adjusted 
 profit              33,298       28,813       71,338       54,073 
                ===========  ===========  ===========  =========== 
Income tax 
 expense              7,130        3,757       21,045        9,497 
Depreciation 
 and 
 amortization         4,568        4,982        9,244       10,405 
Foreign 
 exchange 
 gain               (1,311)      (1,099)      (1,805)      (2,013) 
Net finance 
 income             (2,332)      (2,723)      (4,866)      (5,089) 
                -----------  -----------  -----------  ----------- 
                      8,055        4,917       23,618       12,800 
                -----------  -----------  -----------  ----------- 
Adjusted 
 EBITDA              41,353       33,730       94,956       66,873 
                ===========  ===========  ===========  =========== 
Adjusted 
 EBITDA as a 
 percentage of 
 revenue               26 %         25 %         29 %         25 % 
 

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements, future-oriented financial information and financial outlook within the meaning of applicable securities laws. Forward-looking statements, future-oriented financial information and financial outlook include statements as to our expectations for:

   --  growth of annual total revenue, annual SaaS revenue growth, and our 
      expectations for Adjusted EBITDA margin achievement, in each case looking 
      forward for our fiscal year ending December 31, 2026; 
 
   --  SaaS growth and increased profitability in years beyond 2026; and 
 
   --  contracted revenue in future periods, including 2026, 2027 and 2028 and 
      later. 

This release also includes forward-looking statements as to Kinaxis' growth opportunities and the potential benefits of, and markets and demand for, Kinaxis' products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry.

In particular, our guidance for 2026 annual total revenue, annual SaaS revenue growth and annual Adjusted EBITDA margin, as well as our comments on our expectations for SaaS growth and increased profitability in years beyond 2026, are subject to certain assumptions and associated risks including:

   --  our ability to win business from new customers and expand business from 
      existing customers; 
 
   --  the timing of new customer wins and expansion decisions by our existing 
      customers; 
 
   --  maintaining our customer retention levels, and specifically, that 
      customers will renew contractual commitments on a periodic basis as those 
      commitments come up for renewal, at rates consistent with our historic 
      experience; 
 
   --  anticipated trends, standards and challenges in our business and the 
      markets we operate in; 
 
   --  fluctuations in the value of foreign currencies relative to the U.S. 
      Dollar; and 
 
   --  with respect to Adjusted EBITDA and profitability, our ability to 
      contain expense levels while expanding our business. 

Our guidance and commentary for achievement of contracted revenue in future periods, including in 2026, 2027 and 2028 and later, is based on assumptions and associated risks including:

   --  our ability to satisfy material unperformed obligations under our 
      long-term contracts; and 
 
   --  the continued financial capacity and creditworthiness of our customers 
      under long-term contracts. 

These and other assumptions, risks and uncertainties may cause Kinaxis' actual results, performance, achievements and developments to differ materially from the results, performance, achievements or developments expressed or implied by forward-looking statements, future-oriented financial information or financial outlook. Material risks and uncertainties relating to our business are described under the headings "Forward-Looking Statements" and "Risks and Uncertainties" in our annual MD&A dated March 4, 2026, and under the heading "Risk Factors" in our Annual Information Form dated March 4, 2026, which are available at www.sedarplus.ca. Readers are cautioned that the assumptions used in the preparation of forward-looking statements, future-oriented financial information and financial outlook, although considered reasonable at the time of preparation, may prove to be imprecise or inaccurate and, as such, undue reliance should not be placed on such information. Our actual results, performance and achievements could differ materially from those expressed in, or implied by, such forward-looking statements, future-oriented financial information or financial outlook. Forward-looking statements, future-oriented financial information and financial outlook are provided to help readers understand management's expectations as at the date of this release and may not be suitable for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements. Kinaxis assumes no obligation to update or revise any forward-looking statements, future-oriented financial information or financial outlook whether as a result of new information, future events or otherwise, except as expressly required by law.

SOURCE: Kinaxis Inc.

 
 
Kinaxis Inc. 
 
Condensed Consolidated Interim Statements of Financial Position 
(Expressed in thousands of USD) 
 
 
                                              June 30,     December 31, 
                                                  2026             2025 
--------------------------------------------  --------   -------------- 
 
Assets 
Current assets: 
      Cash and cash equivalents               $174,607    $     149,614 
      Short-term investments                   136,132          175,095 
      Trade and other receivables              155,575          165,781 
      Prepaid expenses                          24,106           15,743 
--------------------------------------------   -------       ---------- 
                                               490,420          506,233 
Non-current assets: 
      Unbilled receivables                       1,322            1,596 
      Other receivables                          1,011            1,047 
      Prepaid expenses                           2,859            1,558 
      Deferred tax assets                       14,926           18,225 
      Contract acquisition costs                40,004           37,038 
      Property and equipment                    26,290           28,526 
      Right-of-use assets                       40,967           43,090 
      Intangible assets                          8,908           10,804 
      Goodwill                                  75,603           76,597 
--------------------------------------------   -------       ---------- 
                                               211,890          218,481 
 
                                              $702,310    $     724,714 
--------------------------------------------   -------       ---------- 
 
Liabilities and Shareholders' Equity 
Current liabilities: 
      Trade payables and accrued liabilities  $ 78,644    $      90,040 
      Deferred revenue                         176,912          161,060 
      Lease obligations                          5,724            5,938 
--------------------------------------------   -------       ---------- 
                                               261,280          257,038 
Non-current liabilities: 
      Lease obligations                         38,781           42,065 
      Deferred tax liabilities                   2,705            4,042 
--------------------------------------------   -------       ---------- 
                                                41,486           46,107 
Shareholders' equity: 
      Share capital                            404,860          363,246 
      Accumulated other comprehensive loss      (4,575)            (223) 
      Retained earnings (accumulated 
       deficit)                                   (741)          58,546 
--------------------------------------------   -------       ---------- 
                                               399,544          421,569 
 
                                              $702,310    $     724,714 
--------------------------------------------   -------       ---------- 
 
 
 
Kinaxis Inc. 
 
Condensed Consolidated Interim Statements of Cash Flows 
(Expressed in thousands of USD) 
 
                         Three months ended June      Six months ended June 
                                             30,                        30, 
                              2026          2025         2026          2025 
---------------------   ----------    ----------   ----------    ---------- 
Revenue                $   158,783   $   136,415  $   324,351   $   269,203 
 
Cost of revenue             54,347        48,884      105,899        95,133 
 
Gross profit               104,436        87,531      218,452       174,070 
 
Operating expenses: 
      Selling and 
       marketing            32,660        31,738       62,223        60,427 
      Research and 
       development          28,481        21,896       55,941        44,564 
      General and 
       administrative       18,816        15,541       35,503        32,407 
---------------------   ----------    ----------   ----------    ---------- 
                            79,957        69,175      153,667       137,398 
 
                            24,479        18,356       64,785        36,672 
 
Other income: 
      Foreign 
       exchange gain         1,311         1,099        1,805         2,013 
      Net finance and 
       other income          2,538         2,741        5,073         5,164 
---------------------   ----------    ----------   ----------    ---------- 
                             3,849         3,840        6,878         7,177 
 
Profit before income 
 taxes                      28,328        22,196       71,663        43,849 
 
Income tax expense           7,130         3,757       21,045         9,497 
 
Profit                      21,198        18,439       50,618        34,352 
 
Other comprehensive 
income (loss): 
Items that are or may 
be reclassified 
subsequently to 
profit 
      Foreign 
       currency 
       translation 
       differences - 
       foreign 
       operations           (1,019)        2,933       (3,166)        4,010 
      Change in 
       valuation of 
       cash flow 
       hedges                 (765)        1,597       (1,186)        2,174 
---------------------   ----------    ----------   ----------    ---------- 
                            (1,784)        4,530       (4,352)        6,184 
 
Total comprehensive 
 income                $    19,414   $    22,969  $    46,266   $    40,536 
---------------------   ----------    ----------   ----------    ---------- 
 
Basic earnings per 
 share                 $      0.78   $      0.65  $      1.84   $      1.22 
Weighted average 
 number of basic 
 Common Shares          27,342,857    28,270,720   27,529,016    28,183,079 
Diluted earnings per 
 share                 $      0.76   $      0.64  $      1.80   $      1.19 
Weighted average 
 number of diluted 
 Common Shares          27,841,291    28,890,916   28,086,134    28,901,030 
---------------------   ----------    ----------   ----------    ---------- 
 
 
 
Kinaxis Inc. 
 
Condensed Consolidated Interim Statements of Changes in Shareholders' Equity 
(Expressed in thousands of USD) 
 
 
                                          Accumulated other comprehensive income 
                                                          (loss) 
                                          -------------------------------------- 
                                                                                        Retained 
                                                              Currency                  earnings 
                    Share    Contributed    Cash flow      translation              (Accumulated 
                  capital        surplus       hedges      adjustments     Total        deficit)  Total equity 
--------------  ---------  -------------  -----------  ---------------  --------  --------------  ------------ 
 
Balance, 
 December 31, 
 2024           $329,312    $    12,078   $(1,203)      $   (2,644)     $(3,847)   $     57,968   $ 395,511 
 
Profit                --             --        --               --           --          34,352      34,352 
Other 
 comprehensive 
 income               --             --     2,174            4,010        6,184              --       6,184 
--------------   -------       --------    ------          -------       ------       ---------    -------- 
Total 
 comprehensive 
 income               --             --     2,174            4,010        6,184          34,352      40,536 
 
Share options 
 exercised        24,709         (5,893)       --               --           --              --      18,816 
Restricted 
 share units 
 vested           16,310        (16,310)       --               --           --              --          -- 
Performance 
 share units 
 vested            3,553         (3,553)       --               --           --              --          -- 
Share-based 
 payments             --         23,230        --               --           --              --      23,230 
Shares 
 repurchased      (3,222)        (9,552)       --               --           --         (22,880)    (35,654) 
Change in 
 obligation 
 for share 
 repurchases        (924)            --        --               --           --              --        (924) 
--------------   -------       --------    ------          -------       ------       ---------    -------- 
Total 
 shareholder 
 transactions     40,426        (12,078)       --               --           --         (22,880)      5,468 
 
Balance, June 
 30, 2025       $369,738    $        --   $   971       $    1,366      $ 2,337    $     69,440   $ 441,515 
--------------   -------       --------    ------          -------       ------       ---------    -------- 
 
Balance, 
 December 31, 
 2025            363,246             --       136             (359)        (223)         58,546     421,569 
 
Profit                --             --        --               --           --          50,618      50,618 
Other 
 comprehensive 
 loss                 --             --    (1,186)          (3,166)      (4,352)             --      (4,352) 
--------------   -------       --------    ------          -------       ------       ---------    -------- 
Total 
 comprehensive 
 income 
 (loss)               --             --    (1,186)          (3,166)      (4,352)         50,618      46,266 
 
Share options 
 exercised        18,064         (4,507)       --               --           --              --      13,557 
Restricted 
 share units 
 vested           22,338        (14,556)       --               --           --          (7,782)         -- 
Performance 
 share units 
 vested            8,042             --        --               --           --          (8,042)         -- 
Share-based 
 payments             --         19,063        --               --           --              --      19,063 
Shares 
 repurchased     (15,592)            --        --               --           --         (94,081)   (109,673) 
Change in 
 obligation 
 for share 
 repurchases       8,762             --        --               --           --              --       8,762 
--------------   -------       --------    ------          -------       ------       ---------    -------- 
Total 
 shareholder 
 transactions     41,614             --        --               --           --        (109,905)    (68,291) 
 
Balance, June 
 30, 2026       $404,860    $        --   $(1,050)      $   (3,525)     $(4,575)   $       (741)  $ 399,544 
--------------   -------       --------    ------          -------       ------       ---------    -------- 
 
 
 
Kinaxis Inc. 
 
Condensed Consolidated Interim Statements of Cash Flows 
(Expressed in thousands of USD) 
 
 
                       Three months ended       Six months ended 
                            June 30,                June 30, 
                        2026        2025        2026        2025 
-------------------   --------    --------    --------    -------- 
 
Cash flows from 
operating 
activities 
 
  Profit             $  21,198   $  18,439   $  50,618   $  34,352 
  Items not 
  affecting cash: 
      Depreciation 
       of property 
       and 
       equipment 
       and 
       right-of-use 
       assets            3,761       4,149       7,598       8,768 
      Amortization 
       of 
       intangible 
       assets              807         833       1,646       1,637 
      Share-based 
       payments         12,100      10,374      20,720      19,721 
      Net finance 
       income           (2,332)     (2,723)     (4,866)     (5,089) 
      Income tax 
       expense           7,130       3,757      21,045       9,497 
  Change in 
   operating assets 
   and liabilities       3,390      (5,578)     10,219       7,177 
  Interest received      3,322       3,068       5,887       5,971 
  Interest paid           (385)       (481)       (807)       (930) 
  Income taxes paid    (18,280)     (9,272)    (22,267)    (26,891) 
-------------------   --------    --------    --------    -------- 
                        30,711      22,566      89,793      54,213 
Cash flows from 
(used in) investing 
activities 
 
  Purchase of 
   property and 
   equipment            (1,509)     (2,686)     (2,499)     (4,268) 
  Purchase of 
   short-term 
   investments        (134,792)   (167,444)   (160,492)   (289,889) 
  Redemption of 
   short-term 
   investments          95,603     133,045     199,180     210,609 
-------------------   --------    --------    --------    -------- 
                       (40,698)    (37,085)     36,189     (83,548) 
Cash flows used in 
financing 
activities 
 
  Payment of lease 
   obligations          (1,503)     (1,382)     (3,003)     (2,943) 
  Repurchase of 
   shares              (46,729)    (18,266)   (108,321)    (35,654) 
  Proceeds from 
   exercise of 
   stock options         4,099      12,996      13,557      18,816 
-------------------   --------    --------    --------    -------- 
                       (44,133)     (6,652)    (97,767)    (19,781) 
 
Increase (decrease) 
 in cash and cash 
 equivalents           (54,120)    (21,171)     28,215     (49,116) 
 
Cash and cash 
 equivalents, 
 beginning of 
 period                230,129     143,489     149,614     172,192 
 
Effects of exchange 
 rates on cash and 
 cash equivalents       (1,402)      1,436      (3,222)        678 
-------------------   --------    --------    --------    -------- 
Cash and cash 
 equivalents, end 
 of period           $ 174,607   $ 123,754   $ 174,607   $ 123,754 
-------------------   --------    --------    --------    -------- 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805867364/en/

 
    CONTACT:    Investor Relations 

Victoria Hyde-Dunn | Kinaxis

vhyde-dunn@kinaxis.com

Media Relations

Matt Tatham | Kinaxis

mtatham@kinaxis.com

 
 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment