Top

• SaaS revenue increased 20% year-over-year to $106.5 million
• Annual Recurring Revenue2 (ARR) increased 19% year-over-year to $465.6 million
• Raises fiscal 2026 total revenue and SaaS revenue growth guidance

Kinaxis® Inc. (TSX:KXS), a global leader in end-to-end supply chain planning and orchestration, today announced financial results for its second quarter 2026, ended June 30, 2026. All amounts are in U.S. dollars. All figures are prepared in accordance with IFRS Accounting Standards (IFRS) unless otherwise indicated.

“We delivered a strong second quarter, fueled by continued execution and customer momentum from both new and existing customers, as many of the world's largest enterprises turn to Kinaxis to manage growing demand, volatility, uncertainty, and complexity," said Razat Gaurav, Chief Executive Officer at Kinaxis. "Our performance builds on the strongest first half in Kinaxis' history and gives us the confidence to raise our full-year guidance for total revenue and SaaS revenue growth. At the same time, we're accelerating innovation in Maestro, building a composable agentic AI platform that helps customers connect data, decisions, and actions to deliver unprecedented business outcomes with operational orchestration."

Second Quarter 2026 Financial Highlights:

• Total revenue increased 16% year-over-year to $158.8 million. Total revenue included a negative impact of approximately $0.9 million from foreign currency exchange rates (FX).
• SaaS revenue increased 20% year-over-year to $106.5 million. SaaS revenue included a negative impact of approximately $0.6 million from FX.
• ARR2 increased 19% year-over-year to $465.6 million. ARR2 grew 21% year-over-year on a constant currency basis, excluding a negative impact of approximately $1.0 million from FX.
• Remaining performance obligations increased 18% year-over-year to $983.5 million.
• Profit of $21.2 million.
• Adjusted EBITDA1 of $41.4 million, an increase of 23% year-over-year. Adjusted EBITDA margin1 of 26%, a 130 basis points improvement year-over-year.
• Operating cash flow of $30.7 million.

Financial Highlights

Annual Recurring Revenue

Annual Recurring Revenue2 (ARR), which includes subscription amounts related to both SaaS and on-premise contracts, increased 19% year-over-year to $465.6 million at the end of the quarter. ARR2 grew 21% year-over-year on a constant currency basis, excluding a negative impact of approximately $1.0 million from FX at the end of the quarter.

Remaining Performance Obligations

The nature of the company&s long-term contracts provides visibility into future, contracted revenue. The following table presents revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at June 30, 2026. Remaining performance obligations increased 18% year-over-year to $983.5 million.

Share Repurchases:

• During the second quarter 2026, the Company spent $46.7 million to repurchase 450,251 shares of its common stock at an average price of $103.79 through open market purchases. Since the start of the share repurchase program, the Company has reduced its total outstanding share count by 2.9% as of June 30, 2026.

Innovation:

• At Kinexions North America in June, the Company shared its vision for AI-driven operational orchestration, extending its scope beyond planning and decision intelligence to help coordinate and operationalize those decisions across people, systems, and AI agents in a continuous learning loop to deliver positive business outcomes. To realize this vision, the Company is building an extensible data fabric, creating an abstracted and extensible semantic intelligence and ontology layer, developing a supply chain context graph that captures the physics of the supply chain, and providing a composable agent development studio to enable automation and orchestration. This entire extension to the platform is being designed for interoperability, extensibility, and composability.
• Introduced Forward Deployed Engineering (FDE): A new engagement model designed to help enterprises operationalize AI across their supply chains and translate decisions into measurable business outcomes. FDE reflects the Company&s broader vision for operational orchestration, an approach that coordinates signals, context, decisions, actions, and learnings across the enterprise.
• Launched Maestro Advanced Solver Studio: Allows customers and partners to extend and compose decision logic with their own heuristic, optimization, machine learning, and analytical models.
• Launched Orchestrator Agent: An agent that dynamically combines the right skills, sub-agents, data, tools, and workflows to respond to a user&s request, serving as a single-entry point.
• Launched Agent skills: Reusable operational capabilities that provide specialized workflows, business logic, and tool access for specific tasks.
• The Company has approximately 10% of its installed customer base on a paid or trial subscription to Maestro Agents as of June 30, 2026.

Recognition:

• Recognized as a Leader by ISG Supply Chain Planning Buyer's Guide 2026.
• Recognized as a Leader by ISG S&OP Buyer's Guide 2026.

Leadership Update:

• Appointed Kristin Russel as Chief Marketing Officer. Russel is a recognized marketing executive in the technology industry with more than 25 years of experience driving brand, digital, demand generation, and product and solution marketing.
• Appointed Herb Yeh as Chief Financial Officer and Chief Strategy Officer. Yeh is a corporate finance veteran bringing more than 25 years of experience working with enterprise software companies through growth, M&A, and strategic transformation.

Upcoming Investor Conferences:

• On Wednesday, August 26, 2026, the Company is scheduled to host investor meetings at the Deutsche Bank 2026 Technology Conference in Dana Point, CA.
• On Wednesday, September 9, 2026, the Company is scheduled to participate in a fireside chat discussion at the Citi 2026 Global TMT Conference in New York, NY at 12:35pm Eastern Time. A live webcast and replay will be available on the Company's Investor Relations website.
• On Thursday, September 10, 2026, the Company is scheduled to host investor meetings at the Goldman Sachs Communacopia + Technology 2026 Conference in San Francisco, CA.
• On Tuesday, September 15, 2026, the Company is scheduled to host investor meetings at the BMO 2026 TMT Conference in Toronto, Canada.

Fiscal 2026 Financial Outlook:

Based on information available as of August 5, 2026, financial guidance for fiscal 2026 is as follows:

• Raising total revenue from $620.0 million to $635.0 million to a range of $625.0 million to $640.0 million.
• Raising SaaS revenue growth from 17% to 19% year-over-year to a range of 18% to 20% year-over-year.
• Reaffirming Adjusted EBITDA1 margin is expected to be in the range of 25% to 26%.

In addition to the above guidance, the Company is also providing fiscal 2026 FX estimates for modeling purposes. We expect FX to have a negative impact on total revenue by approximately $4.0 million to $4.5 million. We expect FX to have a negative impact on SaaS revenue by approximately $2.5 million to $3.0 million.

In addition to the above guidance, the Company is also providing fiscal 2026 weighted-average number of basic and diluted share estimates for modeling purposes. We expect basic weighted-average shares outstanding to be approximately 27.3 million shares and diluted weighted-average shares outstanding to be approximately 27.7 million shares. These share count forecasts do not include the impact of any share repurchases the Company may pursue in the future.

Guidance in this press release is provided to enhance visibility into Kinaxis& expectations for financial targets for the periods indicated. Please refer to the section regarding forward-looking statements that forms an integral part of this release. This press release along with the financial statements and MD&A for the quarter ended June 30, 2026, are available on Kinaxis& website and on SEDAR+ at www.sedarplus.ca.

Conference Call Details:

Kinaxis will host a conference call tomorrow, August 6, 2026, to discuss second quarter 2026 financial results and financial outlook for fiscal 2026 at 8:30 a.m. Eastern Time. A live webcast of the conference call will be available on the Investor Relations section of Kinaxis&s website at investors.kinaxis.com where presentation materials will also be posted prior to the conference call. A replay will be available online approximately two hours following the live call for a period of 30 days.

About Kinaxis Inc.

Kinaxis is a global leader in modern supply chain planning and orchestration, powering complex global supply chains and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro™, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain — from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today&s volatility and disruption. For more news and information, please visit kinaxis.com or follow us on LinkedIn.

Non-IFRS Measures

This press release makes reference to Adjusted Profit and Adjusted EBITDA, which are non-IFRS financial measures, as well as Adjusted EBITDA margin which expresses Adjusted EBITDA as a percentage of revenue. Adjusted Profit, Adjusted EBITDA and Adjusted EBITDA margin are not recognized, defined or standardized measures under IFRS. We use these measures to provide investors with supplemental information on our operating performance and to highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. We believe that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Providing these non-IFRS measures provides useful information because they portray the financial results of the Company before certain expenses that do not impact the ongoing operating decisions taken by management. Management also uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our capital expenditure and working capital requirements, and to determine components of employee compensation.

Adjusted Profit represents profit adjusted to exclude our equity compensation plans. Adjusted EBITDA represents profit adjusted to exclude our equity compensation plans, income tax expense, depreciation and amortization, foreign exchange loss (gain) and net finance (income) expense. Adjusted EBITDA margin expresses Adjusted EBITDA as a percentage of revenue. Our definitions of Adjusted Profit, Adjusted EBITDA and Adjusted EBITDA margin will likely differ from those used by other companies (including our peers) and therefore comparability may be limited. Non-IFRS measures should not be considered a substitute for or in isolation from measures prepared in accordance with IFRS. Investors are encouraged to review our financial statements and disclosures in their entirety and are cautioned not to put undue reliance on non-IFRS measures and view them in conjunction with the most comparable IFRS financial measures. Kinaxis has reconciled Adjusted Profit and Adjusted EBITDA to the most comparable IFRS financial measure as follows:

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements, future-oriented financial information and financial outlook within the meaning of applicable securities laws. Forward-looking statements, future-oriented financial information and financial outlook include statements as to our expectations for:

• growth of annual total revenue, annual SaaS revenue growth, and our expectations for Adjusted EBITDA margin achievement, in each case looking forward for our fiscal year ending December 31, 2026;
• SaaS growth and increased profitability in years beyond 2026; and
• contracted revenue in future periods, including 2026, 2027 and 2028 and later.

This release also includes forward-looking statements as to Kinaxis& growth opportunities and the potential benefits of, and markets and demand for, Kinaxis& products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis& products and services compared to competitive offerings in the industry.

In particular, our guidance for 2026 annual total revenue, annual SaaS revenue growth and annual Adjusted EBITDA margin, as well as our comments on our expectations for SaaS growth and increased profitability in years beyond 2026, are subject to certain assumptions and associated risks including:

• our ability to win business from new customers and expand business from existing customers;
• the timing of new customer wins and expansion decisions by our existing customers;
• maintaining our customer retention levels, and specifically, that customers will renew contractual commitments on a periodic basis as those commitments come up for renewal, at rates consistent with our historic experience;
• anticipated trends, standards and challenges in our business and the markets we operate in;
• fluctuations in the value of foreign currencies relative to the U.S. Dollar; and
• with respect to Adjusted EBITDA and profitability, our ability to contain expense levels while expanding our business.

Our guidance and commentary for achievement of contracted revenue in future periods, including in 2026, 2027 and 2028 and later, is based on assumptions and associated risks including:

• our ability to satisfy material unperformed obligations under our long-term contracts; and
• the continued financial capacity and creditworthiness of our customers under long-term contracts.

These and other assumptions, risks and uncertainties may cause Kinaxis& actual results, performance, achievements and developments to differ materially from the results, performance, achievements or developments expressed or implied by forward-looking statements, future-oriented financial information or financial outlook. Material risks and uncertainties relating to our business are described under the headings “Forward-Looking Statements& and “Risks and Uncertainties& in our annual MD&A dated March 4, 2026, and under the heading “Risk Factors& in our Annual Information Form dated March 4, 2026, which are available at www.sedarplus.ca. Readers are cautioned that the assumptions used in the preparation of forward-looking statements, future-oriented financial information and financial outlook, although considered reasonable at the time of preparation, may prove to be imprecise or inaccurate and, as such, undue reliance should not be placed on such information. Our actual results, performance and achievements could differ materially from those expressed in, or implied by, such forward-looking statements, future-oriented financial information or financial outlook. Forward-looking statements, future-oriented financial information and financial outlook are provided to help readers understand management&s expectations as at the date of this release and may not be suitable for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements. Kinaxis assumes no obligation to update or revise any forward-looking statements, future-oriented financial information or financial outlook whether as a result of new information, future events or otherwise, except as expressly required by law.

SOURCE: Kinaxis Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805867364/en/