Sangoma Technologies Corp Financials
Sangoma Technologies Corp (SANG) reported $236.7M in revenue for fiscal year 2025, down 4.3% from the prior fiscal year. This page shows its 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 and deleveraging remain Sangoma’s dominant mechanics despite revenue contraction and persistent reported losses.
In FY2025, operating cash flow of$41.8M and free cash flow of$39.4M remained positive while net income was-$5.0M , indicating accounting earnings are being weighed down by noncash items and/or working-capital effects rather than matching cash economics. The pattern strengthened from FY2022 through FY2025: losses narrowed substantially while cash generation stayed positive, so the income statement understates internally generated cash relative to reported profit.
The business produced
Leverage has fallen: total liabilities declined to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Not available for Sangoma Technologies Corp, and counted as zero in the overall score.
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 22/100.
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 86/100, 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 14/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Sangoma Technologies Corp converts 16.6% of revenue into free cash flow ($39.4M). This strong cash generation earns a score of 79/100.
Not available for Sangoma Technologies Corp, and counted as zero in the overall score.
Sangoma Technologies Corp passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Sangoma Technologies Corp reported a net loss of $5.0M while generating $41.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
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.
Not reported for fiscal year 2025.
SANG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
SANG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
SANG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.86-0.1x | 0.950.0x | 0.98+0.2x | 0.77-0.2x | 0.97-0.1x | 1.09 |
| Debt-to-Equity | 0.030.0x | 0.030.0x | 0.040.0x | 0.050.0x | 0.03-0.2x | 0.18 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
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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Where Sangoma Technologies Corp Ranks
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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $5.0M while generating $41.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.