Sangoma Technologies Corp Financials
This page shows Sangoma Technologies Corp (SANG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash generation has detached from accounting losses, and deleveraging rather than growth is now carrying the business.
Between FY2023 and FY2025, free cash flow climbed from$22.5M to$39.4M even as revenue moved lower. That split matters because the FY2025 net loss was-$5.0M while operating cash flow reached$41.8M , so reported earnings now understate how much cash the business is actually producing from operations.
The company looks light on maintenance reinvestment: FY2025 capital spending was only
The balance sheet is clearly less leveraged, with total liabilities down to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Sangoma Technologies Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Sangoma Technologies Corp's revenue declined 4.3% year-over-year, from $247.3M to $236.7M. This contraction results in a growth score of 28/100.
Sangoma Technologies Corp carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Sangoma Technologies Corp's current ratio of 0.86 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Sangoma Technologies Corp has a free cash flow margin of 16.6%, earning a moderate score of 62/100. The company generates positive cash flow after capital investments, but with room for improvement.
Sangoma Technologies Corp generates a -2.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100. This is up from -3.3% the prior year.
Sangoma Technologies Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sangoma Technologies Corp generates $-8.34 in operating cash flow ($41.8M OCF vs -$5.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Sangoma Technologies Corp generated $236.7M in revenue in fiscal year 2025. This represents a decrease of 4.3% from the prior year.
Sangoma Technologies Corp reported -$5.0M in net income in fiscal year 2025. This represents an increase of 42.1% from the prior year.
Cash & Balance Sheet
Sangoma Technologies Corp generated $39.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 1.8% from the prior year.
Sangoma Technologies Corp held $13.5M in cash against $6.8M in long-term debt as of fiscal year 2025.
Sangoma Technologies Corp had 33M shares outstanding in fiscal year 2025. This represents a decrease of 0.2% from the prior year.
Margins & Returns
Sangoma Technologies Corp's net profit margin was -2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.
Sangoma Technologies Corp's ROE was -2.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
Sangoma Technologies Corp spent $2.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Sangoma Technologies Corp invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 42.1% from the prior year.
SANG Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
SANG Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Total Assets | $346.5M-13.5% | $400.6M-9.6% | $443.0M-11.1% | $498.5M | N/A | N/A |
| Current Assets | $42.6M-25.4% | $57.1M-7.7% | $61.9M+2.6% | $60.3M+13.0% | $53.3M+34.2% | $39.7M |
| Cash & Equivalents | $13.5M-16.9% | $16.2M+45.5% | $11.2M-12.2% | $12.7M-42.5% | $22.1M+10.5% | $20.0M |
| Inventory | $8.2M-44.3% | $14.8M-17.8% | $18.0M+3.1% | $17.4M+47.4% | $11.8M+27.4% | $9.3M |
| Accounts Receivable | $15.1M-18.6% | $18.6M-15.1% | $21.9M-8.5% | $23.9M+62.5% | $14.7M+78.7% | $8.2M |
| Goodwill | $186.8M-0.4% | $187.5M0.0% | $187.5M-10.7% | $210.0M-21.5% | $267.4M+728.0% | $32.3M |
| Total Liabilities | $92.3M-34.5% | $140.9M-20.3% | $176.9M-13.6% | $204.7M | N/A | N/A |
| Current Liabilities | $49.5M-17.7% | $60.1M-5.3% | $63.5M-19.1% | $78.4M+42.1% | $55.2M+51.2% | $36.5M |
| Long-Term Debt | $6.8M-21.1% | $8.6M-26.3% | $11.6M-19.3% | $14.4M+21.8% | $11.8M+17.8% | $10.0M |
| Total Equity | $254.2M-2.1% | $259.7M-2.4% | $266.1M-9.4% | $293.8M-21.9% | $376.2M+585.5% | $54.9M |
| Retained Earnings | -$146.9M-3.5% | -$141.9M-6.5% | -$133.3M-27.8% | -$104.3M-1696.5% | $6.5M+4.5% | $6.2M |
SANG Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
SANG Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 0.86-0.1 | 0.95-0.0 | 0.98+0.2 | 0.77-0.2 | 0.97-0.1 | 1.09 |
| Debt-to-Equity | 0.030.0 | 0.03-0.0 | 0.040.0 | 0.05+0.0 | 0.03-0.2 | 0.18 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Sangoma Technologies Corp's annual revenue?
Sangoma Technologies Corp (SANG) reported $236.7M in total revenue for fiscal year 2025. This represents a -4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sangoma Technologies Corp's revenue growing?
Sangoma Technologies Corp (SANG) revenue declined by 4.3% year-over-year, from $247.3M to $236.7M in fiscal year 2025.
Is Sangoma Technologies Corp profitable?
No, Sangoma Technologies Corp (SANG) reported a net income of -$5.0M in fiscal year 2025, with a net profit margin of -2.1%.
How much debt does Sangoma Technologies Corp have?
As of fiscal year 2025, Sangoma Technologies Corp (SANG) had $13.5M in cash and equivalents against $6.8M in long-term debt.
What is Sangoma Technologies Corp's net profit margin?
Sangoma Technologies Corp (SANG) had a net profit margin of -2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Sangoma Technologies Corp's return on equity (ROE)?
Sangoma Technologies Corp (SANG) has a return on equity of -2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sangoma Technologies Corp's free cash flow?
Sangoma Technologies Corp (SANG) generated $39.4M in free cash flow during fiscal year 2025. This represents a -1.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sangoma Technologies Corp's operating cash flow?
Sangoma Technologies Corp (SANG) generated $41.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Sangoma Technologies Corp's total assets?
Sangoma Technologies Corp (SANG) had $346.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sangoma Technologies Corp's capital expenditures?
Sangoma Technologies Corp (SANG) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Sangoma Technologies Corp's current ratio?
Sangoma Technologies Corp (SANG) had a current ratio of 0.86 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Sangoma Technologies Corp's debt-to-equity ratio?
Sangoma Technologies Corp (SANG) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sangoma Technologies Corp's return on assets (ROA)?
Sangoma Technologies Corp (SANG) had a return on assets of -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Sangoma Technologies Corp's Piotroski F-Score?
Sangoma Technologies Corp (SANG) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sangoma Technologies Corp's earnings high quality?
Sangoma Technologies Corp (SANG) has an earnings quality ratio of -8.34x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Sangoma Technologies Corp?
Sangoma Technologies Corp (SANG) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.