Software ARR climbs 10.4% to C$206.8 million as margin expands 540 basis points and share count drops 20%.
Altus Group posted a 34% jump in second-quarter adjusted EBITDA to $10.7 million, driving margin up 540 basis points. Constant-currency revenue rose 6% and adjusted EPS grew 36%, supported by double-digit software growth and 10.4% annual recurring revenue expansion to C$206.8 million.
The company completed four divestitures, including its remaining GeoVerra stake, and returned C$450 million to shareholders year-to-date, cutting its share count by about 20%. Altus raised its full-year organic revenue and margin forecasts, now targeting adjusted EBITDA of C$127 million to C$131 million.
Integration of the Valos.ai acquisition is set for 2027, adding AI-enabled valuation workflows for commercial real estate lenders and valuers.