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Jun 30
Agilysys Q1 2026 Earnings Report
Agilysys reported record revenue and solid subscription growth in Q1 FY26.
Key Takeaways
Agilysys delivered its 14th consecutive record revenue quarter with strong subscription revenue growth, though net income declined year-over-year.
Record revenue of $76.7M, up from $63.5M last year
Subscription revenue grew 44% YoY, reaching $48.6M
Net income decreased to $4.9M from $14.1M last year
Full-year subscription revenue growth guidance raised to 27%
Agilysys
Agilysys
Agilysys Revenue by Segment
Revenue by Segment
Products Revenue
CapyFin.comSubscription & maintenance Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Agilysys raised its full-year subscription revenue growth guidance to 27% while maintaining total revenue and EBITDA guidance.
Positive Outlook
- Full-year subscription revenue growth guidance raised to 27%
- Strong sales momentum with high backlog levels
- Continued robust demand for cloud-native hospitality solutions
- Adjusted EBITDA expectations remain at 20% of revenue
- Positive progress on major PMS project
Challenges Ahead
- Net income declined significantly year-over-year
- Free cash flow turned negative at -$5M
- Gross margin slightly decreased to 61.7%
- Cash balance decreased to $55.6M from $73M at year-end
- No significant PMS project revenue contribution expected in FY26
Revenue & Expenses
Visualization of income flow from segment revenue to net income