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Business Description

Agilysys, Inc. is a global provider of enterprise software and technology solutions designed specifically for the hospitality industry. Headquartered in Alpharetta, Georgia, the company offers point-of-sale (POS), property management systems (PMS), and inventory management software. Its solutions help hotels, resorts, casinos, and cruise lines streamline operations and manage the guest experience.

Financial Statements

In thousands, USD

	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenues	319,312	275,624	237,464	198,065
Cost of Sales	119,389	103,636	93,208	77,246
Gross Profit	199,923	171,988	144,256	120,819
Selling, General & Administrative Expenses	81,993	73,976	64,718	53,385
Depreciation & Amortization Expenses	9,585	7,538	5,262	3,512
Research & Development Expenses	72,746	62,411	56,739	50,260
Other Operating Expenses	(7,416)	5,472	1,784	787
Operating Profit	43,015	22,591	15,753	12,875
Interest and Investment Income	1,992	3,782	5,083	2,192
Interest Expense	(493)	(1,529)	—	—
Non-Operating Income	3,894	791	(152)	697
Total Non-Operating Income	5,393	3,044	4,931	2,889
Income Before Provision for Income Taxes	48,408	25,635	20,684	15,764
Provision for Income Taxes	9,617	2,410	(65,511)	1,182
Consolidated Net Income	38,791	23,225	86,195	14,582
Net Income Attributable to Preferred Dividends	—	—	1,204	1,836
Net Income Attributable to Common Shareholders	38,791	23,225	84,991	12,746
Basic EPS	1.39	0.84	3.31	1.02
Diluted EPS	1.37	0.82	3.17	0.97
Basic Weighted Average Shares Outstanding	27,923	27,518	25,668	24,694
Diluted Weighted Average Shares Outstanding	28,389	28,257	26,842	25,929
Shares Outstanding	28,166	28,016	27,377	25,327

	FY 2026	FY 2025	FY 2024	FY 2023
Cash and Cash Equivalents	116,894	73,041	144,891	112,842
Total Cash and Cash Equivalents	116,894	73,041	144,891	112,842
Accounts Receivable	43,069	31,529	29,441	22,378
Other Receivables	4,438	4,523	2,287	2,242
Total Trade Receivables	47,507	36,052	31,728	24,620
Inventories	7,529	5,174	4,587	9,774
Other Current Assets	12,201	9,260	7,731	7,422
Total Current Assets	184,131	123,527	188,937	154,658
Net Property, Plant & Equipment	27,773	33,832	36,314	27,284
Net Intangible Assets	66,359	70,802	16,952	18,140
Goodwill	133,908	130,640	32,791	32,638
Other Long-Term Assets	69,357	75,569	75,436	10,316
Total Assets	481,528	434,370	350,430	243,036
Accounts Payable	12,445	12,388	9,422	9,418
Accrued Expenses	24,333	22,324	19,522	13,708
Current Portion of Leases	5,323	5,658	4,279	3,265
Unearned Revenue	83,009	70,654	56,148	52,124
Total Current Liabilities	125,110	111,024	89,371	78,515
Long-Term Debt	—	24,000	—	—
Leases	13,721	17,304	19,613	13,477
Other Long-Term Liabilities	15,906	16,156	4,969	6,275
Total Long-Term Liabilities	29,627	57,460	24,582	19,752
Total Liabilities	154,737	168,484	113,953	98,267
Preferred Stock	—	—	—	35,459
Common Stock	10,003	10,003	10,003	9,482
Treasury Stock	(1,554)	(1,600)	(1,791)	(1,884)
Additional Paid-in Capital	131,632	109,785	94,680	52,978
Accumulated Other Comprehensive Income	(13,061)	(13,282)	(4,170)	(4,030)
Retained Earnings	199,771	160,980	137,755	52,764
Total Common Shareholders' Equity	326,791	265,886	236,477	144,769
Total Shareholders' Equity	326,791	265,886	236,477	109,310
Total Liabilities and Shareholders' Equity	481,528	434,370	350,430	243,036

	FY 2026	FY 2025	FY 2024	FY 2023
Net Income	38,791	23,225	86,195	14,582
Depreciation & Amortization	10,250	7,999	5,421	3,671
Share-Based Compensation Expense	21,818	17,777	14,111	12,958
Other Adjustments	6,933	459	(67,498)	(115)
Changes in Trade Receivables	(11,314)	(2,792)	(7,032)	1,947
Changes in Inventories	(2,352)	(556)	5,189	(2,897)
Changes in Accounts Payable	74	2,185	973	(1,582)
Changes in Accrued Expenses	(1,541)	383	5,659	2,711
Changes in Income Taxes Payable	454	(106)	(1,177)	290
Changes in Unearned Revenue	11,829	5,730	3,965	6,383
Changes in Other Operating Activities	(4,945)	824	2,380	(3,485)
Cash from Operating Activities	69,997	55,128	48,186	34,463
Capital Expenditure	(1,848)	(2,783)	(8,127)	(7,238)
Proceeds from Sale of Property, Plant & Equipment	—	—	552	—
Purchases of Investments	—	(27)	(27)	(27)
Payments for Business Acquisitions	—	(145,756)	—	395
Cash from Investing Activities	(1,848)	(148,566)	(7,602)	(6,870)
Issuance of Long-Term Debt	—	49,645	—	—
Repayments of Long-Term Debt	(24,000)	(26,000)	(2)	(4)
Net Issuance / (Repayments) of Long-Term Debt	(24,000)	23,645	(2)	(4)
Issuance of Common Shares	1,476	1,026	—	—
Repurchases of Common Shares	(1,943)	(2,743)	(6,893)	(9,254)
Net Issuance / (Repurchases) of Common Shares	(467)	(1,717)	(6,893)	(9,254)
Preferred Share Dividends Paid	—	—	(1,663)	(1,836)
Cash from Financing Activities	(24,467)	21,928	(8,558)	(11,094)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	171	(340)	23	(628)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	43,853	(71,850)	32,049	15,871

Key Metrics & Ratios

Metric	Value
Market Cap	$2.00B
P/E	51.93x
P/S	6.28x
EV/EBITDA	35.78x
Return on Equity	13.1%
Return on Invested Capital	11.1%
Current Ratio	1.47x
Dividend Yield	0.0%
Free Cash Flow Margin	21.3%

Margins

Gross margin

62.6%

Operating margin

13.5%

Net margin

12.1%

Quarterly Trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2027	$88M	+14.3%	11.1%	$10M
Q4 2026	$83M	+11.7%	15.2%	$13M
Q3 2026	$80M	+15.6%	14.6%	$12M
Q2 2026	$79M	+16.1%	17.8%	$14M
Q1 2026	$77M	—	5.9%	$5M
Q4 2025	$74M	—	7.1%	$5M
Q3 2025	$70M	—	10.7%	$7M
Q2 2025	$68M	—	6.0%	$4M

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Agilysys, Inc. financials