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Overview
Sylogist provides cloud-based software for the public sector, including tools for finance, fundraising, and education administration. These products work as an integrated platform where organizations manage their daily operations, donor relationships, and payments in one centralized system. Unlike many competitors, Sylogist focuses exclusively on mission-driven organizations and maintains a strong financial position through a history of strategic acquisitions. The company's goal is to provide these organizations with the necessary digital tools to manage their finances and compliance so they can focus on their primary missions.
About Sylogist
Industries
Government & Public Sector
Enterprise Software
Education
Company Size
51-200
Company Stage
IPO
Headquarters
Calgary, Canada
Founded
1993
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Simplify's Take
What believers are saying
- Joel Leetzow brings 35 years of SaaS turnaround and growth leadership.
- Partner-led bookings reached 43% of Q4 fiscal 2025 ARR bookings.
- Recurring revenue reached 75% of Q1 fiscal 2026 revenue, improving predictability.
What critics are saying
- Q1 fiscal 2026 revenue fell to CAD 14.7 million amid transition costs.
- Adjusted EBITDA margin dropped to 7.9%, showing severe near-term profitability pressure.
- Net revenue retention fell to 98%, signaling churn in the legacy customer base.
What makes Sylogist unique
- Mission-critical SaaS for government, nonprofit, and education customers across 2,000 accounts.
- Broad suite spans ERP, CRM, fundraising, education administration, and payments.
- Profitable public-sector platform with disciplined capital allocation and acquisition history.
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Funding
Total Funding
$880k
Above
Industry Average
Funded Over
1 Rounds
Benefits
Remote Work Options
Health Insurance
Stock Price
Company News
Errol Olsen, Independent Chairman of Sylogist, purchased CA$79,000 worth of shares at CA$3.30 each, increasing his holdings by 686%. This marks the largest insider purchase at the Canadian technology company over the past year. The transaction occurred above Sylogist's current share price of CA$3.23, suggesting management sees value at these levels. Over the past 12 months, insiders have been buying shares with an average purchase price of CA$4.73, whilst no insider selling has occurred. Insider ownership currently stands at 3.7% of the company, valued at approximately CA$2.8 million. Whilst the company did not generate profit over the last 12 months, the pattern of insider transactions suggests management remains optimistic about Sylogist's future prospects.
OneMove Capital increases stake in Sylogist to over 10%
OneMove Capital Ltd. has increased its stake in Sylogist Ltd. to over 10% after acquiring 316,700 common shares on 19 March 2026 through the Toronto Stock Exchange at an average price of $3.83 per share, for a total of $1.2 million. Prior to the acquisition, OneMove held 2,188,400 shares, representing approximately 9.36% of Sylogist's outstanding shares. Following the purchase, OneMove now owns 2,505,100 shares, or approximately 10.71% of the company. The acquisition was made for investment purposes. OneMove has requisitioned a shareholder meeting scheduled for 12 May 2026 to replace certain directors. The Barbados-based investment holding company said it will continue reviewing its investment and may purchase or sell additional securities in the future.
Sylogist is accelerating its shift to a SaaS model, with recurring revenue reaching 84% of Q4 revenue, up from 72% a year earlier. SaaS annual recurring revenue grew to CAD 33.8 million, whilst total ARR reached CAD 45.7 million. Partner-led bookings accounted for 43% of ARR bookings in Q4. The transition is creating near-term pressure, with professional services revenue falling sharply to CAD 2.4 million in Q4. This contributed to margin compression, with Q4 gross margin at 53% compared to 59% a year earlier, though recurring-revenue gross margins improved to approximately 68%. Fiscal 2025 ARR bookings totalled CAD 4.3 million, excluding an additional CAD 1.7 million Texas OAG ARR step-up to be recognised in Q3 FY2026. Cash stood at CAD 8.3 million. Management is prioritising ARR-driven growth and plans to hire a CEO within roughly two quarters.
Sylogist Ltd reported revenue of $14.4 million in Q4 and $62.2 million for the full year 2025, with SaaS subscription revenue growing 12% year-over-year in Q4. Recurring revenue reached 81% of total revenue in Q4, whilst SaaS annual recurring revenue grew 9% to $33.8 million. The company's strategic shift to a partner-led sales model showed progress, with 43% of ARR bookings now partner-driven. However, project services revenue declined 44% in Q4 to $2.4 million, resulting in compressed gross margins. Gross profit was $8.1 million in Q4 with a 56% margin. The company ended with $8.3 million in cash. Net revenue retention stood at 101%, slightly down due to customer budget constraints in the mission segment.
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About Sylogist
Industries
Government & Public Sector
Enterprise Software
Education
Company Size
51-200
Company Stage
IPO
Headquarters
Calgary, Canada
Founded
1993
Sylogist is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today