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Friday 6 November 2026
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Sangoma Technologies Corporation
SANG Technology Software Infrastructure
Sangoma Technologies Corporation’s revenue for fiscal 2026 (year ended June 2026) was $200.1 million, down 15.5% from fiscal 2025.
- Revenue
- −21.2%
- EPS
- −33,281.8%
- Free cash flow
- −61.3%
- Total debt
- −58.3%
Quarter to June 2026, against a year earlier
4.60
0.13
+2.91%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 21 | 43 | 84 | 95 | 131 | 224 | 253 | 247 | 237 | 200 | +28.7% | — | — | — | — | |
| Gross margin, % | 55.52 | 47.49 | 54.81 | 100.00 | 68.08 | 69.93 | 68.42 | 69.89 | 68.34 | 70.31 | +14.8 pt | ||||||
| EBT | 1 | 3 | 2 | 95 | 4 | (104) | (32) | (9) | (6) | (87) | n/m | ||||||
| EBT margin, % | 4.43 | 6.88 | 2.62 | 100.00 | 3.34 | (46.53) | (12.66) | (3.84) | (2.68) | (43.26) | (47.7) pt | ||||||
| Net income | 0 | 2 | 1 | 0 | 0 | (111) | (29) | (9) | (5) | (81) | n/m | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 4.45 | 8.08 | 11.50 | 1.33 | 4.54 | 7.13 | 7.62 | 7.44 | 7.07 | 6.02 | +3.4% | |||||
| Earnings | 0.14 | 0.35 | 0.16 | 0.04 | 0.01 | (3.52) | (0.88) | (0.26) | (0.15) | (2.44) | n/m | ||||||
| Cash flow | 0.86 | 0.98 | 1.20 | 0.12 | 0.64 | 0.67 | 0.80 | 1.33 | 1.25 | 0.71 | (2.0%) | ||||||
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | (0.04) | (0.06) | (0.12) | (0.12) | (0.07) | (0.05) | n/m | ||||||
| Free cash flow | 0.86 | 0.98 | 1.20 | 0.12 | 0.60 | 0.61 | 0.68 | 1.21 | 1.18 | 0.66 | (2.9%) | ||||||
| Book value | 3.20 | 4.98 | 4.39 | 0.76 | 13.00 | 9.33 | 8.04 | 7.81 | 7.59 | 5.25 | +5.7% | ||||||
| Shares, m | 5 | 5 | 7 | 71 | 29 | 31 | 33 | 33 | 33 | 33 | +24.4% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 255.10 | 255.10 | 255.10 | 255.10 | 206.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 122.7 | |||||
| P/S | 0.00 | 0.00 | 0.00 | 9.03 | 4.58 | 1.18 | 0.49 | 0.65 | 0.85 | 0.60 | 1.7 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 1.60 | 0.90 | 0.46 | 0.62 | 0.79 | 0.69 | 0.5 | ||||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 9.03 | 4.96 | 1.57 | 0.81 | 0.85 | 0.93 | 0.62 | 1.9 | ||||||
| EV/FCF | 0.00 | 0.00 | 0.00 | 0.00 | 37.50 | 18.36 | 9.12 | 5.25 | 5.62 | 5.66 | 8.2 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 4 | 5 | 9 | 9 | 19 | 21 | 26 | 44 | 42 | 24 | +21.9% | |||||
| Capex | (2) | (8) | (2) | (2) | (1) | (2) | (4) | (4) | (2) | (2) | (2.1%) | ||||||
| Free cash flow | 4 | 5 | 9 | 9 | 17 | 19 | 22 | 40 | 39 | 22 | +20.9% | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 6 | 14 | 4 | 4 | (2) | (18) | (2) | (3) | (7) | (9) | n/m | |||||
| Net debt | (2) | (9) | 8 | 15 | 50 | 88 | 82 | 50 | 20 | 4 | n/m | ||||||
| Shareholders’ equity | 15 | 27 | 32 | 55 | 376 | 294 | 266 | 260 | 254 | 175 | +31.5% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 2.05 | 9.52 | 2.08 | 0.00 | 0.09 | (21.33) | (6.17) | (2.05) | (1.34) | (27.86) | (29.9) pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 85.63 | 0.88 | (0.96) | (0.53) | (0.21) | (0.29) | (4.77) | (4.8) pt | ||||||
| ROE | 2.96 | 8.93 | 4.00 | 6.51 | 0.13 | (33.07) | (10.37) | (3.29) | (1.95) | (37.82) | (40.8) pt | ||||||
| People | |||||||||||||||||
| People | Employees | — | — | — | 413 | 570 | 726 | 748 | 671 | 645 | 569 | +5.5% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.31 | 0.34 | 0.37 | 0.37 | 0.35 | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jun 2026 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026
Sangoma Technologies Corporation vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MOVE Corvex, Inc. | $166.0M | — (loss-making) | — (loss-making) | +3,590.29% (above 0%: growing) | n/m | −91.41% (below 0%: shrinking) | 44.28% | (400.32%) | Compare |
| RZAI Roze AI Inc. | $163.6M | — | — | — | — | — | — | — | Compare |
| AIBZ Bitzero Holdings Inc. | $151.7M | — (loss-making) | — | +65.54% (above 0%: growing) | n/m | −1,207.54% (below 0%: shrinking) | (16.53%) | (79.08%) | Compare |
| SANG Sangoma Technologies Corporation | $149.8M | — (loss-making) | — | −21.16% (below 0%: shrinking) | n/m | −61.34% (below 0%: shrinking) | 62.50% | (17.39%) | |
| ATGL Alpha Technology Group Limited | $149.0M | — | — | — | — | — | — | — | Compare |
| SKYA SkyAI, Inc. | $148.5M | — (loss-making) | — | — | n/m | +106.15% (above 0%: growing) | 0.00% | 0.00% | Compare |
| PDYN Palladyne AI Corp. | $133.5M | — (loss-making) | — (loss-making) | +469.75% (above 0%: growing) | n/m | −106.98% (below 0%: shrinking) | 29.07% | (231.94%) | Compare |
| TCX Tucows Inc. | $133.3M | — (loss-making) | — (loss-making) | +1.44% (above 0%: growing) | n/m | −282.15% (below 0%: shrinking) | 29.13% | 0.30% | Compare |
| ZENA ZenaTech, Inc. | $131.5M | — (loss-making) | — (loss-making) | — | n/m | −159.28% (below 0%: shrinking) | 100.00% | (234.70%) | Compare |
| Median of peers | $148.7M | — | — | +267.65% | — | −133.13% | 29.10% | (155.51%) |