M 
43.41
+8.09%
Close of 9 Nov 2026, in CAD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CAD, from our data supplier.
Revenue
C$1.63bn
FY2020FY2025
Net income
C$108.5m
FY2020FY2025
Free cash flow
C$232.2m
FY2020FY2025
Shareholders' equity
C$1.35bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | C$1.63bn | C$1.08bn | C$807.6m | C$641.2m | C$476.9m | C$394.1m |
| Research and development | C$82.5m | C$60.5m | C$54.5m | C$44.7m | C$34.0m | C$33.3m |
| Operating income | C$113.4m | C$127.8m | C$77.5m | C$74.6m | C$18.6m | −C$18.8m |
| Net income | C$108.5m | C$79.4m | C$48.8m | C$26.3m | C$2.9m | −C$23.1m |
| Diluted earnings per share | 0.86 | 0.62 | 0.40 | 0.22 | 0.02 | -0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | C$3.36bn | C$2.60bn | C$2.16bn | C$1.75bn | C$1.53bn | C$1.46bn |
| Cash and short-term investments | C$152.0m | C$166.7m | C$22.5m | C$39.3m | C$83.6m | C$78.6m |
| Total liabilities | C$2.00bn | C$1.42bn | C$1.10bn | C$750.2m | C$572.9m | C$997.8m |
| Debt | C$411.1m | C$136.8m | C$525.0m | C$251.9m | C$160.4m | C$580.2m |
| Shareholders' equity | C$1.35bn | C$1.18bn | C$1.06bn | C$1.00bn | C$961.7m | C$457.4m |
| Shares outstanding | 126m | 127m | 123m | 119m | 124m | 115m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | C$407.5m | C$815.6m | C$13.5m | C$57.0m | C$72.1m | C$56.4m |
| Capital spending | −C$175.3m | −C$138.2m | −C$148.0m | −C$137.8m | −C$52.5m | −C$2.8m |
| Free cash flow | C$232.2m | C$677.4m | −C$134.5m | −C$80.8m | C$19.6m | C$53.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | C$498.6m | C$464.1m | C$499.1m | C$409.8m | C$373.3m | C$351.0m | C$346.6m | C$282.4m |
| Operating income | C$30.6m | C$37.7m | C$31.8m | C$19.8m | C$43.6m | C$38.5m | C$35.6m | C$37.6m |
| Net income | C$27.9m | C$29.6m | C$24.0m | C$24.4m | C$27.2m | C$32.9m | C$25.1m | C$29.5m |
| Diluted earnings per share | 0.21 | 0.22 | 0.19 | 0.19 | 0.22 | 0.26 | 0.20 | 0.23 |
| Cash from operations | — | C$60.0m | C$54.0m | C$32.0m | C$52.0m | C$267.0m | C$383.0m | C$258.0m |
| Capital spending | — | −C$67.0m | −C$38.0m | −C$49.0m | −C$46.0m | −C$39.0m | −C$51.0m | −C$36.0m |
| Free cash flow | — | −C$7.0m | C$16.0m | −C$17.0m | C$6.0m | C$228.0m | C$332.0m | C$222.0m |
| Total assets | C$3.77bn | C$3.80bn | C$3.36bn | C$3.48bn | C$3.16bn | C$2.85bn | C$2.60bn | C$2.57bn |
| Cash and short-term investments | — | C$544.0m | C$152.0m | C$195.7m | C$665.9m | C$376.3m | C$166.7m | C$139.2m |
| Debt | C$245.0m | C$264.5m | C$411.1m | C$451.7m | C$410.8m | C$156.0m | C$153.0m | C$411.9m |
| Shareholders' equity | C$1.89bn | C$1.85bn | C$1.35bn | C$1.33bn | C$1.28bn | C$1.22bn | C$1.18bn | C$1.14bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.7% | 10.0% | 9.4% | 9.9% | 9.1% | -4.8% |
| Net margin | 6.6% | 7.4% | 6.0% | 4.1% | 0.6% | -5.9% |
| Return on equity | 8.0% | 6.8% | 4.6% | 2.6% | 0.3% | -5.0% |
| Return on assets | 3.2% | 3.1% | 2.3% | 1.5% | 0.2% | -1.6% |
| Free cash flow yield | 11.6% | 18.8% | 3.3% | 4.1% | 2.5% | 1.3% |
| Revenue growth | 51.2% | 33.7% | 26.0% | 34.5% | 21.0% | — |
| Earnings growth | 36.6% | 62.7% | 85.6% | 806.9% | -112.6% | — |
| Current ratio | 0.47x | 0.57x | 1.22x | 1.19x | 1.30x | 1.35x |
| Debt to equity | 0.22x | 0.01x | 0.42x | 0.25x | 0.16x | 1.24x |
| Equity ratio | 40.4% | 45.3% | 49.3% | 57.2% | 62.7% | 31.4% |
| Interest coverage | 7.35x | 3.87x | 8.83x | 2.18x | 1.35x | -0.64x |
| R&D as a share of sales | 5.1% | 5.6% | 6.7% | 7.0% | 7.1% | 8.5% |
| Buybacks as a share of market value | 0.9% | -3.9% | -3.1% | 4.1% | -8.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 36.6% | 32.9% | — |
| Operating income | 15.0% | — | — |
| Net income | 60.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.9% | 9.4% | 7.8% | — |
| Net margin | 6.9% | 6.3% | 4.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 31.0 | 47.4 | 29.0 | 29.0 | 406.7 |
| Price to sales | 2.1 | 3.5 | 1.8 | 1.2 | 2.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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