Every 10-Q that DESTINY MEDIA TECHS INC (DSNY) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DSNY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DSNY filings page.
Destiny Media Technologies reported Q3 2026 service revenue of $1,039,118, down 8.4% from the prior-year quarter, and a net loss of $213,327, or $0.02 per share. Gross margin was 84.0% versus 85.7% a year earlier.
Management attributes the revenue decline mainly to a longer-term agreement with a major label that removed certain short-term pricing and to lower revenue from some major label customers, partly offset by growth and pricing improvements in independent customers. Operating expenses rose 4.6% to $1,097,213, driven by higher wages including a one-time employee-related charge and lower capitalization of development costs, partially offset by lower amortization and favorable foreign exchange.
For the nine months ended May 31, 2026, revenue was $3,285,366 with a net loss of $695,985; Adjusted EBITDA loss was $205,597. Cash and cash equivalents totaled $1,397,098 and working capital was $1,369,118, supported by $355,433 of net cash provided by operating activities and no financing cash flows in the period.
Destiny Media Technologies reported essentially flat revenue but a much larger loss for the quarter ended February 28, 2026. Service revenue was $1,003,109, down slightly from $1,018,972 a year earlier, as lower premium pricing from a new long-term major-label agreement was partly offset by growth in independent customers and modest MTR™ revenue.
Gross margin slipped to 83.2% from 85.3% due to higher hosting and processing costs tied to new platform features. Operating expenses rose 19.3% to $1,405,340, driven mainly by higher wages and benefits, including a one-time employee-related charge of $244,125, and reduced capitalization of development costs. Net loss increased to $566,310 from $302,094.
For the first six months, revenue was $2,246,248 and net loss was $482,658, compared with $2,245,729 and $183,954 a year earlier. Adjusted EBITDA turned negative at $(150,097) for the six months. The company ended the period with $1,151,271 in cash and cash equivalents and working capital of $1,446,468. Destiny remains highly dependent on a single major customer, which represented 45% of quarterly revenue and 68.5% of trade receivables.
Destiny Media Technologies reported Q1 2026 revenue of $1,243,139, up 1.3% from the prior-year quarter, with gross margin at 85.4% versus 87.3% a year ago. Service revenue growth came mainly from more independent label customers in North America and contractual indexation under a major label agreement, partly offset by softer international markets.
Operating expenses rose 2.3% to $983,349, driven by currency effects and higher depreciation from previously capitalized software, while sales and marketing costs declined after a restructuring. Net income was $83,652, down from $118,140, but earnings per share held at $0.01. Operating cash flow strengthened to $298,600, lifting cash and cash equivalents to $1,362,500 and working capital to $1,831,647.
The company remains highly dependent on a single major customer, which contributed 43.7% of revenue and 60.9% of trade receivables in the quarter. After period-end, Destiny extended its Online Content Distribution Services Agreement with Universal Music Group through December 31, 2028, with service fees of $1.6 million for calendar 2026, increasing 2% annually, providing multi-year revenue visibility.