Key Points – Alithya reported weaker Q4 results, with revenue down 9.2% to CAD 113.8 million and a net loss of CAD 8.7 million.
Adjusted EBITDA also fell to CAD 12.7 million as lower revenue, slimmer margins, and higher SG&A weighed on performance. – Business mix is shifting toward higher-margin work, with U.S. and international revenue growing while Canada declined sharply
Management said it is deliberately exiting lower-value commoditized work, especially in Quebec, to focus on transformation services and better-margin contracts. – AI and modernization remain core growth themes, but management said adoption is still gradual and not yet a major revenue driver. Alithya is emphasizing Copilot, legacy system modernization, and AI-related services while maintaining stable leverage and improving internal controls. Alithya Group (TSE:ALYA) reported lower fourth-quarter revenue and a net loss as the IT services company continued to reposition its business toward higher-margin transformation work, particularly in Canada, while seeing growth in its U.S. and international segments.
On the company’s fiscal 2026 fourth-quarter earnings call, President and Chief Executive Officer Paul Raymond said Alithya maintained “a strong focus on execution” while shifting the business toward higher-value services and improving its gross margin profile. For the full fiscal year, Raymond said revenue and gross margin increased year over year, while adjusted net earnings remained stable. Raymond attributed the full-year progress to team discipline, the evolution of Alithya’s portfolio, increased artificial intelligence activity, and the integration of the eVerge and XRM Vision acquisitions.