Evertz Technologies Reports Record $515.8M Annual Revenue, $64.4M Net Income
Evertz Technologies posted record fiscal 2026 revenues of $515.8 million, up $14.2 million year-over-year, with recurring software and services revenue rising 8% to $240.7 million. Net earnings climbed $4.7 million to $64.4 million, lifting fully-diluted EPS to $0.83.
1. Fiscal 2026 Financial Highlights
Evertz posted record annual revenues of $515.8 million for the year ended April 30, 2026, up from $501.6 million in fiscal 2025. Recurring software, services and other software revenues rose 8% to $240.7 million, representing 47% of total revenue, while earnings from operations increased to $87.3 million and net earnings reached $64.4 million, driving fully-diluted EPS to $0.83.
2. Fourth Quarter Performance
In the fourth quarter, total revenue grew 3% to $131.6 million, with recurring software and services revenue climbing 17% to $65.8 million. Net earnings increased by $2.2 million to $15.2 million, and fully-diluted EPS rose 18% to $0.20.
3. Balance Sheet and Cash Position
Cash and cash equivalents declined to $19.1 million from $111.7 million a year earlier, resulting in working capital of $131.7 million. Total assets stood at $424.99 million and shareholders’ equity was $198.17 million as of April 30, 2026.
