Recent Updates — ALYAF
Alithya Group inc. reported first quarter fiscal 2027 results ending June 30, 2026, revealing a significant deterioration in financial performance. Revenues decreased 15.4% to $105.1 million from $124.2 million in the prior year period, driven by project maturity and reduced government and banking sector demand. Gross margin contracted to 30.4% of revenues, while adjusted EBITDA fell 53.4% to $5.4 million. The company reported a net loss of $2.4 million compared to net earnings of $0.2 million previously. Bookings declined to $89.0 million with a book-to-bill ratio of 0.85, and backlog stands at approximately 14 months of trailing revenues. Concurrently, Alithya retained Scotiabank as financial advisor for an ongoing strategic review process initiated in July 2026 to evaluate alternatives such as a sale, merger, or privatization to maximize shareholder value. The company operates in the technology consulting and digital transformation industry.
Alithya Group inc. reported a net loss of $2.4 million for the three months ended June 30, 2026, compared to net earnings of $0.2 million in the prior year period. Revenues decreased 15.4% to $105.1 million from $124.2 million, driven by lower billable hours and project maturities, partially offset by a full quarter of results from the eVerge acquisition and the divestiture of Datum Services on March 31, 2026. Adjusted Net Earnings fell 56.0% to $2.9 million, with an Adjusted EBITDA margin of 5.2%. The company announced a strategic review process on July 27, 2026, to evaluate alternatives such as a sale or privatization due to valuation concerns. Alithya Group inc. is a professional services firm providing IT consulting and digital transformation solutions.
Alithya Group Inc. announced on July 27, 2026, that its Board of Directors has launched a strategic review process to maximize shareholder value. The Board is evaluating a range of strategic alternatives including a merger, business combination, privatization, sale, or recapitalization. Alithya Group Inc. is a strategic consulting and digital transformation services provider.