Dye & Durham stock reports stronger EBITDA as revenue falls

Dye & Durham stock posted CAD 55.1 million in adjusted EBITDA in Q4 fiscal 2026, up 15 percent year over year. Annual revenue fell 7 percent to CAD 410.7 million.

Dye & Durham stock is drawing attention after the legal technology company reported CAD 55.1 million in adjusted EBITDA for Q4 fiscal 2026, an increase of 15 percent from the prior-year quarter. The results released on September 29, 2026 also showed a narrower quarterly net loss, but revenue remained under pressure after the Credas disposal.

EBITDA improves as revenue contracts

According to Newswire on September 29, 2026, Q4 revenue was CAD 104.2 million, down 1 percent from CAD 105.2 million a year earlier. Excluding Credas, revenue increased 4 percent, creating a clear split between the reported top line and the continuing business.

Adjusted EBITDA rose from CAD 47.7 million to CAD 55.1 million, while the net loss narrowed from CAD 29.6 million to CAD 19.9 million. Operating cash flow also reached CAD 65.2 million in the quarter, compared with CAD 56.8 million in the prior-year period.

Full-year transition remains costly

For fiscal 2026, Dye & Durham reported revenue of CAD 410.7 million, down 7 percent from CAD 440.7 million. Adjusted EBITDA declined 15 percent to CAD 198.8 million, yet the annual net loss narrowed to CAD 38.5 million from CAD 88.0 million.

Newswire also reported a material weakness in internal controls as of June 30, 2026. The company said technical corrections reduced Q3 net loss by CAD 32.5 million and did not affect revenue, operating cash flow or adjusted EBITDA, leaving accounting remediation as a central risk alongside the restructuring program.

Analyst target stays above market

According to The Globe and Mail on September 29, 2026, CIBC maintained a Neutral rating and a CAD 2.50 price target. The unchanged target contrasts with the company's weaker annual revenue and stronger quarterly profitability, making execution and control remediation the key factors for the fiscal 2027 transition.

TSX move and market value

Dye & Durham shares rose 144.21 percent on the TSX on September 29, 2026 and were reported at CAD 1.15 in the market coverage from Stockhouse. The company's market capitalization was CAD 77.9 million as of September 29, 2026.

Dye & Durham stock facts

• Company: Dye & Durham Limited
• Ticker: DND
• Primary exchange: TSX
• Market capitalization: CAD 77.9 million (as of September 29, 2026)
• Sector / Industry: Technology / Application software