US Market News
3週前
Agilysys Announces 17th Consecutive Record Revenue Quarter of $82.9M and Full Year Record Revenue of $319.3MMay 18, 2026 4:05 PM
Business Wire Annual Revenue Includes Recurring Revenue of $205.9M and Subscription Revenue Growth of 30.2% Annual Record Adjusted EBITDA of $67.7M and Free Cash Flow of $68.1M Annual Revenue Expected To Grow To $365M to $370M In Fiscal 2027 Including Subscription Revenue Growth of At Least 30% and Full Year Adjusted EBITDA of 24% Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions and services, today reported results for its fiscal 2026 fourth quarter and full year ending March 31, 2026. Summary of Fiscal 2026 Fourth Quarter Financial Results Total net revenue increased 11.7% to a record $82.9 million compared to total net revenue of $74.3 million in the comparable prior-year period. Recurring revenue (comprised of subscription and maintenance charges) was a record $54.4 million, or 65.5% of total net revenue, compared to $46.2 million, or 62.2% of total net revenue for the same period in fiscal 2025. Subscription revenue increased 24.1% year-over-year and was 68.0% of total recurring revenue compared to 64.4% of total recurring revenue in the fourth quarter of fiscal 2025. Gross margin was 64.4% in the fiscal 2026 fourth quarter compared to 60.7% in the comparable prior-year period. Net income in the fiscal 2026 fourth quarter was $12.3 million, or $0.43 per diluted share, compared to $3.9 million, or $0.14 per diluted share, in the comparable prior-year period. Adjusted EBITDA (non-GAAP) was a record $21.5 million compared to $14.8 million in the comparable prior-year period (reconciliation included in financial tables). Adjusted diluted EPS (non-GAAP) was $0.63 per share in the fiscal 2026 fourth quarter compared to $0.54 per share in the comparable prior-year period (reconciliation included in financial tables). Free cash flow (non-GAAP) in the fiscal 2026 fourth quarter was a record $35.4 million compared to free cash flow of $26.5 million in the fiscal 2025 fourth quarter (reconciliation included in financial tables). Ending cash balance was $116.9 million compared to ending cash balance of $73.0 million as of fiscal 2025 year-end. Summary of Full Fiscal Year 2026 Financial Results Total net revenue increased 15.9% to a record $319.3 million compared to total net revenue of $275.6 million in the comparable prior-year period. Recurring revenue (comprised of subscription and maintenance charges) was a record $205.9 million, or 64.5% of total net revenue, compared to $170.1 million, or 61.7% of total net revenue, for fiscal year 2025. Subscription revenue increased 30.2% year-over-year and was 66.6% of total recurring revenue compared to 61.9% of total recurring revenue in fiscal year 2025. Gross margin was 62.6% in fiscal year 2026 compared to 62.4% in the comparable prior-year period. Net income in fiscal year 2026 was $38.8 million, or $1.37 per diluted share, compared to $23.2 million, or $0.82 per diluted share, in the comparable prior-year period. Adjusted EBITDA (non-GAAP) was a record $67.7 million compared to $53.8 million in the comparable prior-year period (reconciliation included in financial tables). Adjusted diluted EPS (non-GAAP) was a record $1.79 per share in fiscal year 2026 compared to $1.55 per share in the comparable prior-year period (reconciliation included in financial tables). Free cash flow (non-GAAP) in fiscal year 2026 was a record $68.1 million compared to free cash flow of $52.3 million in fiscal year 2025 (reconciliation included in financial tables). Ramesh Srinivasan, President and CEO of Agilysys, commented, “We are pleased to announce a 17th consecutive record revenue quarter of $82.9 million, including 24.1% subscription revenue growth and services revenue of $18.2 million. Full fiscal year 2026 revenue was a record $319.3 million which included 30.2% year-over-year subscription revenue growth. “Fiscal 2026 full year sales was an all-time record, which concluded with an excellent record high sales quarter. Subscription sales grew by an impressive 29% over the previous best prior year and will continue to drive subscription revenue growth momentum throughout Fiscal 2027. Srinivasan continued, “Sweeping AI related changes across the entire organization, especially in R&D, are helping us to improve operating leverage across several business areas and increase the pace of competitive product differentiation of our hospitality focused software solution ecosystem. During the quarter, taking advantage of our deep hospitality software domain knowledge, AI related technology advances available for use today and the potential for deep integration with the rest of our core products including PMS, we began development on and recently announced the launch of a couple of new entirely AI-native software modules - revenue intelligence and CRS - which fill current gaps in our hospitality software solutions ecosystem. "Fiscal 2026 was an outstanding year across all crucial major metrics, including record shattering sales and world class customer retention levels, which has positioned us well for another record year in Fiscal 2027. We expect Fiscal 2027 full year annual revenue to be in the range of $365 to $370 million and fiscal year 2027 to be the third consecutive year of at least 30% subscription revenue growth. We expect adjusted EBITDA as a percentage of revenue to grow to 24% for the full year from the 21.2% achieved during fiscal 2026. Overall, we are very pleased with our current competitive positioning and expect to continue our disciplined growth march with increasing revenue and profitability levels,” Srinivasan concluded. Fiscal 2027 Outlook The Company expects full year Fiscal 2027 revenue to be $365 million to $370 million, including at least 30% year-over-year subscription revenue growth. Adjusted EBITDA is expected to be 24% of revenue for the full fiscal year. Dave Wood, Chief Financial Officer, commented, “Fiscal 2026 was a record-breaking year for us in multiple ways. The sales momentum throughout the fiscal year has carried us into Fiscal 2027 well positioned to achieve another year of record revenue and profitability levels. The consistency of execution across the company has delivered a product suite that continues to generate significant market demand; driving increased sales momentum, excitement about the additional opportunities from artificial intelligence capabilities and an eagerness to implement the ecosystem of solutions. The Fiscal 2027 execution plan will drive yet another year of success for Agilysys, its employees, partners, and customers.” 2026 Fourth Quarter Conference Call and Webcast Agilysys is hosting a conference call and webcast today, May 18, 2026, at 4:30 p.m. ET. Both the call and the webcast are open to the public. Interested parties can register for the call at https://register-conf.media-server.com/register/BI0900da26d01f47a7bbcc23adc3a9ce57. After registration, an email confirmation with a personalized PIN will be provided along with further access details. Please plan to register 15 minutes prior to the presentation to receive confirmation and further instruction in a timely manner. Interested parties can also access the conference call live through the Events and Presentations section of the Investor Relations page of Agilysys.com. Approximately two hours after the call has concluded, an archived version of the webcast will be available for replay at the same location. Forward-Looking Language This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “outlook,” “forecast,” “preliminary,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “would,” “could,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, our revenue, subscription revenue and Adjusted EBITDA guidance for the 2027 fiscal year. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated herein and in other filings and statements include, among others, the impact macroeconomic factors may have on the overall business environment, our ability to achieve our fiscal 2027 guidance, maintaining sales momentum, the use of AI to improve operating leverage, and the Risk Factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s reports on Form 10-K and Form 10-Q. Additionally, references to "record" financial and business levels in this document refer only to the time period after Agilysys made the transformation to an entirely hospitality focused software solutions company in FY2014. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement that may be made from time to time, whether written or oral, whether as a result of new information, future developments or otherwise. Use of Non-GAAP Financial Information To supplement the unaudited consolidated financial statements presented in accordance with U.S. GAAP in this press release, certain non-GAAP financial measures as defined by the SEC rules are used. These non-GAAP financial measures include EBITDA, Adjusted EBITDA, adjusted net income, adjusted basic earnings per share, adjusted diluted earnings per share and free cash flow. Management believes that such information can enhance investors’ understanding of the Company’s ongoing operations. The Company has included the following non-GAAP financial measures in this press release: adjusted net income, adjusted basic earnings per share and adjusted diluted earnings per share. The Company believes these non-GAAP financial measures provide valuable insight into the Company’s overall profitability from core operations before certain non-cash and non-recurring charges. The Company defines adjusted net income as net income before amortization expense (including amortization of developed technology), share-based compensation, convertible preferred stock issuance costs, and one-time charges including severance and other charges, impairments and legal settlements, less the related income tax effect of these adjustments, as applicable, and defines adjusted earnings per share as adjusted net income divided by basic and diluted weighted average shares outstanding. See the accompanying tables below for the definitions and reconciliation of these non-GAAP measures to the most closely related GAAP measures. About Agilysys Agilysys exclusively delivers state-of-the-art hospitality software solutions and services that help organizations go beyond what they can accomplish with traditional property management systems (PMS), point-of-sale (POS) solutions and food and beverage inventory and procurement systems (F&B I&P). Modern, state-of-the-art solutions work standalone to provide best-in-class capabilities, or together in a coordinated ecosystem that unifies data and workflows across and among properties, to equip staff members to delight guests, improve efficiency and grow margins. The Agilysys 100% hospitality customer base includes branded and independent hotels; multi-amenity resorts; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. Agilysys operates across the Americas, Europe, the Middle East, Africa, Asia-Pacific, and India with headquarters located in Alpharetta, GA. For more information visit Agilysys.com. - Financial tables follow - AGILYSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended
March 31, Year Ended
March 31, (In thousands, except per share data) 2026 2025 2026 2025 Net revenue: Products $ 10,437 $ 10,247 $ 41,168 $ 41,324 Subscription and maintenance 54,355 46,198 205,941 170,051 Professional services 18,154 17,827 72,203 64,249 Total net revenue 82,946 74,272 319,312 275,624 Cost of goods sold: Products 6,167 6,073 24,349 22,055 Subscription and maintenance 10,779 10,998 42,521 37,464 Professional services 12,581 12,150 52,519 44,117 Total cost of goods sold 29,527 29,221 119,389 103,636 Gross profit 53,419 45,051 199,923 171,988 Gross profit margin 64.4 % 60.7 % 62.6 % 62.4 % Operating expenses: Product development 18,538 16,562 72,746 62,411 Sales and marketing 9,095 8,322 39,776 33,144 General and administrative 10,465 10,659 42,217 40,832 Depreciation of fixed assets 922 941 3,840 3,679 Amortization of internal-use software and intangibles 1,438 1,082 5,745 3,859 Other (gains) charges, net 242 2,030 (7,683 ) 4,628 Legal settlements, net 106 145 267 844 Total operating expense 40,806 39,741 156,908 149,397 Operating income 12,613 5,310 43,015 22,591 Other income (expense): Interest income 714 489 1,992 3,782 Interest expense (190 ) (413 ) (493 ) (1,529 ) Other income (expense), net 1,828 (13 ) 3,894 791 Income before taxes 14,965 5,373 48,408 25,635 Income tax provision 2,671 1,448 9,617 2,410 Net income $ 12,294 $ 3,925 $ 38,791 $ 23,225 Weighted average shares outstanding - basic 28,048 27,740 27,923 27,518 Net income per share - basic: $ 0.44 $ 0.14 $ 1.39 $ 0.84 Weighted average shares outstanding - diluted 28,417 28,282 28,389 28,257 Net income per share - diluted: $ 0.43 $ 0.14 $ 1.37 $ 0.82 AGILYSYS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) March 31,
2026
(Unaudited) March 31,
2025 ASSETS Current assets: Cash and cash equivalents $ 116,894 $ 73,041 Accounts receivable, net of allowance for expected credit losses of $1,105 and $627, respectively 43,069 31,529 Contract assets 4,438 4,523 Inventories 7,529 5,174 Prepaid expenses and other current assets 12,201 9,260 Total current assets 184,131 123,527 Property and equipment, net 13,950 16,718 Operating lease right-of-use assets 13,823 17,114 Goodwill 133,908 130,640 Intangible assets, net 66,359 70,802 Deferred income taxes, non-current 58,069 66,520 Other non-current assets 11,288 9,049 Total assets $ 481,528 $ 434,370 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 12,445 $ 12,388 Contract liabilities 83,009 70,654 Accrued liabilities 24,333 22,324 Operating lease liabilities, current 5,323 5,658 Total current liabilities 125,110 111,024 Deferred income taxes, non-current 10,144 10,986 Operating lease liabilities, non-current 13,721 17,304 Debt, non-current — 24,000 Other non-current liabilities 5,762 5,170 Commitments and contingencies Shareholders' equity: Common shares, without par value, at $0.30 stated value; 80,000,000 shares authorized; 33,342,288 shares issued; and 28,166,478 and 28,015,775 shares outstanding at March 31, 2026 and March 31, 2025, respectively 10,003 10,003 Treasury shares, 5,175,810 and 5,326,513 at March 31, 2026 and March 31, 2025, respectively (1,554 ) (1,600 ) Capital in excess of stated value 131,632 109,785 Retained earnings 199,771 160,980 Accumulated other comprehensive loss (13,061 ) (13,282 ) Total shareholders' equity 326,791 265,886 Total liabilities and shareholders' equity $ 481,528 $ 434,370 AGILYSYS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Year Ended March 31, (In thousands) 2026 2025 Operating activities Net income $ 38,791 $ 23,225 Adjustments to reconcile net income to net cash provided by operating activities: Loss (gain) on asset disposals 9 25 Depreciation of fixed assets 3,840 3,679 Amortization of internal-use software and intangibles 5,745 3,859 Amortization of developed technology acquired 665 461 Deferred income taxes 6,924 434 Share-based compensation 21,818 17,777 Changes in operating assets and liabilities: Accounts receivable (11,414 ) (565 ) Contract assets 100 (2,227 ) Inventory (2,352 ) (556 ) Prepaids and other current assets (2,898 ) (84 ) Accounts payable 74 2,185 Contract liabilities 11,829 5,730 Accrued liabilities (1,541 ) 383 Income taxes payable, net 454 (106 ) Other changes, net (2,047 ) 908 Net cash provided by operating activities 69,997 55,128 Investing activities Cash paid for business combination, net of cash acquired — (145,756 ) Capital expenditures (1,848 ) (2,783 ) Proceeds from sale of assets — — Additional investments in corporate-owned life insurance policies — (27 ) Net cash used in investing activities (1,848 ) (148,566 ) Financing activities Payment of preferred stock dividends — — Debt proceeds, net of issuance costs — 49,645 Debt repayments (24,000 ) (26,000 ) Proceeds from Employee Stock Purchase Plan purchases 1,476 1,026 Repurchase of common shares to satisfy employee tax withholding (1,943 ) (2,743 ) Principal payments under long-term obligations — — Net cash provided by (used in) financing activities (24,467 ) 21,928 Effect of exchange rate changes on cash 171 (340 ) Net increase (decrease) in cash and cash equivalents 43,853 (71,850 ) Cash and cash equivalents at beginning of period 73,041 144,891 Cash and cash equivalents at end of period $ 116,894 $ 73,041 AGILYSYS, INC. RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA (UNAUDITED) Three Months Ended Twelve Months Ended March 31, March 31, (In thousands) 2026 2025 2026 2025 Net income $ 12,294 $ 3,925 $ 38,791 $ 23,225 Income tax provision 2,671 1,448 9,617 2,410 Income before taxes 14,965 5,373 48,408 25,635 Depreciation of fixed assets 922 941 3,840 3,679 Amortization of internal-use software and intangibles 1,438 1,082 5,745 3,859 Amortization of developed technology acquired 167 160 665 461 Interest expense (income), net (524 ) (76 ) (1,499 ) (2,253 ) EBITDA (a) 16,968 7,480 57,159 31,381 Share-based compensation 6,020 5,121 21,818 17,777 Other (gains) charges, net 242 2,030 (7,683 ) 4,628 Other non-operating (income) expense, net (1,828 ) 13 (3,894 ) (791 ) Legal settlements, net 106 145 267 844 Adjusted EBITDA (b) $ 21,508 $ 14,789 $ 67,667 $ 53,839 (a) EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology) (b) Adjusted EBITDA, a non-GAAP financial measure, is defined as net income before income taxes, interest income (net of interest expense), depreciation and amortization (including amortization of developed technology), and excluding charges relating to i) share-based compensation, ii) other (gains) and charges, net, iii) other non-operating expense (income), and iv) legal settlements AGILYSYS, INC. RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME FOR ADJUSTED EARNINGS PER SHARE (UNAUDITED) Three Months Ended Twelve Months Ended March 31, March 31, (In thousands, except per share data) 2026 2025 2026 2025 Net income $ 12,294 $ 3,925 $ 38,791 $ 23,225 Amortization of developed technology acquired 167 160 665 461 Amortization of internal-use software and intangibles 1,438 1,082 5,745 3,859 Share-based compensation 6,020 5,121 21,818 17,777 Other (gains) charges, net 242 2,030 (7,683 ) 4,628 Legal settlements, net 106 145 267 844 Tax events (a) (457 ) 4,296 (2,032 ) (1,669 ) Income tax adjustments (1,840 ) (1,533 ) (6,810 ) (5,322 ) Adjusted net income (b) $ 17,970 $ 15,226 $ 50,761 $ 43,803 Basic weighted average shares outstanding 28,048 27,740 27,923 27,518 Diluted weighted average shares outstanding 28,417 28,282 28,389 28,257 Adjusted basic earnings per share (c) $ 0.64 $ 0.55 $ 1.82 $ 1.59 Adjusted diluted earnings per share (c) $ 0.63 $ 0.54 $ 1.79 $ 1.55 (a) Tax events include excess tax benefits or expense related to share-based compensation, release of valuation allowances against deferred income taxes, and changes in uncertain tax positions (b) Adjusted net income, a non-GAAP financial measure, is defined as net income before amortization expense (including amortization of developed technology), share-based compensation, other (gains) and charges, net, and legal settlements, less the related income tax effect of these adjustments, as applicable, at the Company’s current combined federal and state income statutory tax rate and, as defined under (a) above, tax events (c) Adjusted earnings per share, a non-GAAP financial measure, is defined as adjusted net income divided by basic and diluted weighted average shares outstanding AGILYSYS, INC. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (UNAUDITED) Three Months Ended Twelve Months Ended March 31, March 31, (In thousands) 2026 2025 2026 2025 Net cash provided by operating activities $ 35,835 $ 27,152 $ 69,997 $ 55,128 Capital expenditures (424 ) (701 ) (1,848 ) (2,783 ) Free cash flow (a) $ 35,411 $ 26,451 $ 68,149 $ 52,345 (a) Free cash flow, a non-GAAP financial measure, is defined as net cash provided by operating activities, less capital expenditures View source version on businesswire.com: https://www.businesswire.com/news/home/20260518224140/en/ Investor Contact:
Jessica Hennessy
Vice President of Operations & Investor Relations
Agilysys, Inc.
770-810-6116 or investorrelations@agilysys.com Original: Agilysys Announces 17th Consecutive Record Revenue Quarter of $82.9M and Full Year Record Revenue of $319.3M
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
Monksdream
1年前
dealerschool2006
5年前
whytestocks
6年前
stocktrademan
11年前
revlis1
15年前
メールアドレスで登録
