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Agilysys Inc (AGYS) stock

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NASDAQ: AGYS Nasdaq Application Software Next results ~January 25, 2027

B Fundamentals grade

Agilysys Inc is a US-listed company in the application software industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$67

Cash-flow model

Base case. Range ~$52–$87 across our lower- and higher-growth cases (10.7%–20.7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 43% below it.

Price used: $117.98, November 2, 2026

Agilysys Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 8 selling16 purchases and 19 sales by directors and officers, last 12 monthsInsider trades
  • Funds173 adding, 100 cuttingOf 46 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Agilysys files

10-Q filed October 26: Agilysys

Revenue for the twelve months to September 2026 reached $344m, up 14.9% on a year earlier and roughly the pace seen a quarter ago. Free-cash-flow margin climbed to 23.3% from 18.7%, while operating margin widened to 14.3% from 10.5%. Despite those gains, our model value is little changed at $61.12 a share, set against a share price of $124. We keep the rating at Sell. At that price, the market is effectively pricing in about 29.9% annual cash-flow growth for five years. That assumption sits well ahead of the 16.2% annual revenue growth the company has actually delivered.

Source: 10-Q filed October 26, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Agilysys stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $330m, up 14.4% on a year earlier, slower than 15.8% a quarter earlier. Free-cash-flow margin rose to 24.4% from 16.3% a year earlier. Operating margin widened to 14.6% from 7.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $59.44 a share, against a share price of $115. At that price, our model says the market is pricing in about 29.0% a year of cash-flow growth for five years, faster than the 15.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Agilysys Inc's trailing-twelve-month revenue grew 14.9% year on year, with a free-cash-flow margin of 23.3%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 98 application software companies we cover.

Our discounted-cash-flow model values the business at ~$67 per share in the base case (~$52–$87 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 42.8% while net income grew 82.1%: a 39pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 3.9 points on a year ago.
  • Strong cash generation. 23.3% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Priced above our value. The share price of $117.98 is 43% above our value per share of $67.
  • High earnings multiple. The shares trade at 76 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 0.4 against the S&P 500.

Latest results: FY2027 Q2

Filed October 26, 2026
Earnings per share
$0.67 against an average estimate of $0.55: beat by 21.5%
Revenue
$93m, up 17.7% on a year earlier
Share reaction
-4.0% in the first session after the results on October 26, 2026, against +1.3% for the S&P 500
Guidance given
total annual revenue $374m to $378m (full fiscal year); subscription revenue growth growth 34% (full fiscal year)
Next report
January 25, 2027; average EPS estimate $0.59

Agilysys' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.9%
  • 1 week-4.4%
  • 1 month+18.9%
  • This year-0.7%
  • 1 year-6.0%
  • 5 years+143.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$344M
Operating margin
14.3%
Net margin
12.9%
EPS (TTM, diluted)
$1.56

Growth

Revenue growth
+14.9%
Change in growth rate
+0.5 pts
Share count change
+0.5%

Cash

Free cash flow (TTM)
$80.3M
FCF margin
23.3%
Stock pay % of revenue
7.0%

Earnings

Last results
October 26, 2026
Next results (est.)
January 25, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Our research
  3. Our research
  4. Announcement
  5. Results
  6. Guidance
  7. Shareholder vote
  8. Insider trade
  9. Insider trade
  10. Insider trade
  11. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Agilysys Inc valuation models and calculator

What the price is pricing in

The share price implies about 26.8% a year of cash-flow growth for five years.That is faster than the 16.2% a year revenue growth Agilysys has delivered.

  • Priced in26.8%
  • Last 12 months14.9%
  • 3 years a year16.6%
  • 5 years a year16.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($114.92, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$67
Price used
$114.92close November 3, 2026
Implied change
▼ 41%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Agilysys Inc's free cash flow after stock-based pay with after-tax interest added back ($47.8M, FY2027 Q2 TTM), growing 18.1% and 16.2% in the next two years (forecasts, guidance and its record), then back to 15.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$52–~$87 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Agilysys Inc's free cash flow after stock-based pay ( $47.8M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Agilysys Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.97 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$67 ~$52–$87 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$45 ~$38–$76 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$38 ~$26–$57 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$31 ~$27–$37 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$50 ~$31–$67 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Agilysys Inc with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −23%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +23%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $29$38$50$65$85$111
8.5% $24$30$38$49$63$82
10% $20$25$31$40$51$64

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$10.21$9.45$11.92$21.17$16.70$47.96$39.88$82.51$84.26$72.54$71.14$117.98
Market value$230m$214m$272m$488m$388m$1.1bn$1.0bn$2.1bn$2.3bn$2.0bn$2.0bn$3.4bn
+ Net debt (− = net cash)−$61m−$49m−$40m−$41m−$47m−$99m−$97m−$113m−$145m−$49m−$117m−$138m
Enterprise value$169m$164m$232m$447m$341m$1.0bn$919m$2.0bn$2.1bn$2.0bn$1.9bn$3.2bn
Multiples
Price / sales 1.9x1.7x2.1x3.5x2.4x8.2x6.2x10.8x9.5x7.4x6.3x9.8x
Price / earnings ——————156.9x146.7x26.2x88.3x52.1x75.7x
Price / free cash flow 174.2x—n/m124.3x54.2x41.6x37.3x78.6x56.5x39.2x29.6x41.8x
EV / EBITDA ——————107.8x138.4x107.7x76.2x40.6x60.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

32 /100

Weak moat

How hard Agilysys's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -3.6% of total assets over 7 years.

  • Pricing power 17 / 20

    Gross margin has been a median 60.6%, moving by 5.1 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1.5%; its worst year was -16.5%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 10 years, at a median 10.8% of revenue.

  • Discipline 6 / 20

    The diluted share count rose 17.2% over five years; stock-based pay has been a median 6.2% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (47 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 25, 2027, after the close. Analysts expect revenue of $95m and EPS of $0.59 (range $0.55 to $0.68) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.58 +44% $376m +18%
Next $3.29 +28% $441m +17%

Next year's EPS estimate has moved +2.9% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.0% on 90 days ago. In the last 30 days, 4 analysts raised Agilysys Inc's forecast and 3 cut it.

Consensus EPS forecast Agilysys Inc, last 90 days
$2.00 $2.50 $3.00 $3.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.46 Current fiscal year, 60 days ago: $2.46 Current fiscal year, 30 days ago: $2.46 Current fiscal year, 7 days ago: $2.46 Current fiscal year, Now: $2.58 $2.58 Next fiscal year, 90 days ago: $3.20 Next fiscal year, 60 days ago: $3.20 Next fiscal year, 30 days ago: $3.20 Next fiscal year, 7 days ago: $3.20 Next fiscal year, Now: $3.29 $3.29

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.46$3.20
60 days ago $2.46$3.20
30 days ago $2.46$3.20
7 days ago $2.46$3.20
Now $2.58$3.29

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.55 $0.67 +21.5%
Jun 2026 $0.40 $0.49 +21.7%
Mar 2026 $0.50 $0.63 +26.7%
Dec 2025 $0.46 $0.42 −7.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 26, 2026
  • total annual revenue full fiscal year $374m to $378m Raised
    “As a result, we are once again raising full fiscal year total annual revenue guidance to now be in the range of $374 million to $378 million, driven among other things, by an increase in subscription revenue growth, now expected to increase by at least 34% year over year.” source
  • subscription revenue growth full fiscal year about 34% growth Raised
    “As a result, we are once again raising full fiscal year total annual revenue guidance to now be in the range of $374 million to $378 million, driven among other things, by an increase in subscription revenue growth, now expected to increase by at least 34% year over year.” source
  • Adjusted EBITDA (% of revenue) full fiscal year about 25% Non-GAAP Raised
    “We expect full fiscal year Adjusted EBITDA to be 25% of revenue, higher than the prior expectation of 24%," Srinivasan concluded.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Agilysys Inc's revenue by +18.1% next year and +16.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+18.7%, weight 44%) , management guidance (+18.8%, weight 33%) and the company's own record (+15.7%, weight 22%) . How the weights are set.

Analyst recommendations

8 analysts, Oct 2026
Buy788%
Hold113%
Sell00%

Monthly trend

  1. Oct 20262518
  2. Sep 20262518
  3. Aug 20262518
  4. Jul 20262518

Counts of recommendations published by analysts covering Agilysys Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.8%
of tradable shares
Days to cover
7.12
at average volume
Short interest, 1 month
+6%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
3.6%
of shares
Employees
2,413
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −6.0%

$125.46 on October 31, 2025 to $117.98

ThenNowEffect
Revenue (last 12 months) $289m $330m +14.4%
Net margin 4.9% 13.0% +167.7%
P/E multiple n/m 78.2x −69.2%
Share count 28m 28m −0.4%

Biggest factor: p/e multiple.

Last 3 years +31.0%

$90.06 on November 3, 2023 to $117.98

ThenNowEffect
Revenue (last 12 months) $207m $330m +59.9%
Net margin 6.3% 13.0% +105.0%
P/E multiple 179.8x 78.2x −56.5%
Share count 26m 28m −8.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AGYS+16%+78%+7%+55%−10%−1%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AGYS50%75%42%50%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AGYS−34%−28%−27%−21%−51%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 65% from February 13, 2020 to March 18, 2020. Getting back needed a 184% gain, reached on November 18, 2020, 245 days after the low.

Price behaviour

52-week range
$62.19 – $129.50
From 52-week high
−8.9%
vs 50-day average
+8.7%
vs 200-day average
+28.5%
Volatility (1 year)
50%
Beta vs S&P 500
0.39

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±11.2%
After a week
8 up, 4 down
typical move ±12.1%
After a month
7 up, 4 down
typical move ±18.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 26, 2026 −4.0% +1.3% −2.2% —
July 27, 2026 +12.3% +0.3% +11.3% +16.2%
May 18, 2026 +17.2% −0.7% +17.7% +30.2%
January 26, 2026 −15.6% +0.9% −17.1% −34.0%
October 27, 2025 +21.1% +1.4% +9.2% +8.1%
July 21, 2025 −3.3% +0.2% +2.4% −7.8%
May 19, 2025 +17.9% −0.2% +22.6% +26.1%
January 21, 2025 −17.4% +1.5% −24.4% −33.6%
October 28, 2024 −7.0% +0.5% −6.6% +25.0%
July 22, 2024 −1.1% +0.9% +2.2% +0.8%
May 13, 2024 +12.7% +0.5% +25.2% +12.3%
January 22, 2024 +4.8% +0.5% +4.5% −3.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Agilysys Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Agilysys Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Agilysys Inc
$200M $250M $300M $350M FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $228.1M Revenue (TTM), FY24 Q4: $237.5M Revenue (TTM), FY25 Q1: $244.9M Revenue (TTM), FY25 Q2: $254.6M Revenue (TTM), FY25 Q3: $263.6M Revenue (TTM), FY25 Q4: $275.6M Revenue (TTM), FY26 Q1: $288.8M Revenue (TTM), FY26 Q2: $299.8M Revenue (TTM), FY26 Q3: $310.6M Revenue (TTM), FY26 Q4: $319.3M Revenue (TTM), FY27 Q1: $330.3M Revenue (TTM), FY27 Q2: $344.4M $344.4M

Source: SEC EDGAR filings. Retrieved October 27, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $228.1M
FY24 Q4 $237.5M
FY25 Q1 $244.9M
FY25 Q2 $254.6M
FY25 Q3 $263.6M
FY25 Q4 $275.6M
FY26 Q1 $288.8M
FY26 Q2 $299.8M
FY26 Q3 $310.6M
FY26 Q4 $319.3M
FY27 Q1 $330.3M
FY27 Q2 $344.4M
Revenue growth, TTM YoY Agilysys Inc
14% 16% 18% 20% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 19.0% Revenue growth, TTM YoY, FY24 Q4: 19.9% Revenue growth, TTM YoY, FY25 Q1: 18.5% Revenue growth, TTM YoY, FY25 Q2: 17.1% Revenue growth, TTM YoY, FY25 Q3: 15.5% Revenue growth, TTM YoY, FY25 Q4: 16.1% Revenue growth, TTM YoY, FY26 Q1: 17.9% Revenue growth, TTM YoY, FY26 Q2: 17.8% Revenue growth, TTM YoY, FY26 Q3: 17.9% Revenue growth, TTM YoY, FY26 Q4: 15.8% Revenue growth, TTM YoY, FY27 Q1: 14.4% Revenue growth, TTM YoY, FY27 Q2: 14.9% 14.9%

Source: SEC EDGAR filings. Retrieved October 27, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 19.0%
FY24 Q4 19.9%
FY25 Q1 18.5%
FY25 Q2 17.1%
FY25 Q3 15.5%
FY25 Q4 16.1%
FY26 Q1 17.9%
FY26 Q2 17.8%
FY26 Q3 17.9%
FY26 Q4 15.8%
FY27 Q1 14.4%
FY27 Q2 14.9%
Operating margin (TTM) Agilysys Inc
6% 8% 10% 12% 14% 16% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 6.9% Operating margin (TTM), FY24 Q4: 6.6% Operating margin (TTM), FY25 Q1: 8.4% Operating margin (TTM), FY25 Q2: 8.3% Operating margin (TTM), FY25 Q3: 7.9% Operating margin (TTM), FY25 Q4: 8.2% Operating margin (TTM), FY26 Q1: 7.4% Operating margin (TTM), FY26 Q2: 10.5% Operating margin (TTM), FY26 Q3: 11.5% Operating margin (TTM), FY26 Q4: 13.5% Operating margin (TTM), FY27 Q1: 14.6% Operating margin (TTM), FY27 Q2: 14.3% 14.3%

Source: SEC EDGAR filings. Retrieved October 27, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 6.9%
FY24 Q4 6.6%
FY25 Q1 8.4%
FY25 Q2 8.3%
FY25 Q3 7.9%
FY25 Q4 8.2%
FY26 Q1 7.4%
FY26 Q2 10.5%
FY26 Q3 11.5%
FY26 Q4 13.5%
FY27 Q1 14.6%
FY27 Q2 14.3%
FCF margin (TTM) Agilysys Inc
10% 15% 20% 25% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 10.5% FCF margin (TTM), FY24 Q4: 16.9% FCF margin (TTM), FY25 Q1: 17.7% FCF margin (TTM), FY25 Q2: 18.4% FCF margin (TTM), FY25 Q3: 21.0% FCF margin (TTM), FY25 Q4: 19.0% FCF margin (TTM), FY26 Q1: 16.3% FCF margin (TTM), FY26 Q2: 18.7% FCF margin (TTM), FY26 Q3: 19.1% FCF margin (TTM), FY26 Q4: 21.3% FCF margin (TTM), FY27 Q1: 24.4% FCF margin (TTM), FY27 Q2: 23.3% 23.3%

Source: SEC EDGAR filings. Retrieved October 27, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 10.5%
FY24 Q4 16.9%
FY25 Q1 17.7%
FY25 Q2 18.4%
FY25 Q3 21.0%
FY25 Q4 19.0%
FY26 Q1 16.3%
FY26 Q2 18.7%
FY26 Q3 19.1%
FY26 Q4 21.3%
FY27 Q1 24.4%
FY27 Q2 23.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Agilysys took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $319M
  2. Other income $5.4M · 1.7%
  3. Cost of revenue $119M · 37.4%
  4. Gross profit $200M · 62.6%
  5. Research and development $72.7M · 22.8%
  6. Selling, general and admin $82M · 25.7%
  7. Other operating costs $2.2M · 0.7%
  8. Operating income $43M · 13.5%
  9. Income tax $9.6M · 3.0%
  10. Net income $38.8M · 12.1%

Shares of revenue. Source: Agilysys's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Sept 2026
Income
Revenue 194 203 82 94 101 104 120 128 127 141 161 137 163 198 237 276 319 344
Gross profit 74 76 50 58 64 60 68 64 64 74 81 89 102 121 144 172 200 220
EBITDA −12 −18 −42 −7 −4 −10 −2 −9 −9 −11 −31 −18 9 15 20 26 47 53
Operating income −15 −22 −46 −9 −6 −12 −4 −11 −12 −13 −34 −21 6 13 16 23 43 49
Net income 4 −55 −23 −1 17 −11 −4 −12 −8 −13 −34 −21 6 15 86 23 39 44
Diluted EPS $0.15 −$2.44 −$1.02 −$0.06 $0.77 −$0.51 −$0.17 −$0.52 −$0.37 −$0.57 −$1.47 −$1.01 $0.18 $0.49 $3.17 $0.82 $1.37 $1.56
Growth (year on year)
Revenue — +4.7% −59.5% +14.6% +7.7% +2.2% +16.3% +6.1% −0.2% +10.6% +14.1% −14.7% +18.6% +21.8% +19.9% +16.1% +15.9% +14.9%
EBITDA — — — — — — — — — — — — — +71.7% +34.2% +33.7% +78.4% +50.3%
Operating income — — — — — — — — — — — — — +103.8% +22.4% +43.4% +90.4% +57.2%
Net income — — — — — −167.2% — — — — — — — +125.1% +491.1% −73.1% +67.0% +82.1%
Diluted EPS — — — — — −166.2% — — — — — — — +172.2% +546.9% −74.1% +67.1% +81.3%
Margins
Gross margin 38.2% 37.3% 60.5% 61.3% 63.2% 58.0% 56.6% 50.0% 50.6% 52.5% 50.4% 65.2% 62.4% 61.0% 60.7% 62.4% 62.6% 63.8%
EBITDA margin −6.0% −8.7% −51.0% −7.6% −4.1% −9.9% −1.8% −7.0% −7.4% −7.5% −19.6% −13.2% 5.2% 7.4% 8.3% 9.5% 14.7% 15.4%
Operating margin −7.7% −10.7% −55.9% −9.9% −6.1% −12.0% −3.6% −8.9% −9.5% −9.3% −21.2% −15.3% 3.9% 6.5% 6.6% 8.2% 13.5% 14.3%
Net margin 1.8% −27.4% −27.8% −1.4% 16.9% −11.1% −3.1% −9.2% −6.6% −9.3% −21.2% −15.3% 4.0% 7.4% 36.3% 8.4% 12.1% 12.9%
Free-cash-flow margin 46.9% 5.6% −29.2% −14.1% −3.9% −6.6% 1.1% −0.6% 0.6% 2.8% 4.5% 19.7% 16.8% 13.7% 16.9% 19.0% 21.3% 23.3%
Cash flow
Cash from operations 104 15 −22 −11 0 −2 7 3 7 7 11 28 28 34 48 55 70 82
Capital spending 13 3 2 3 4 5 6 4 6 3 3 1 1 7 8 3 2 2
Free cash flow 91 11 −24 −13 −4 −7 1 −1 1 4 7 27 27 27 40 52 68 80
Stock-based pay 2 3 2 2 2 3 3 2 5 4 5 40 15 13 14 18 22 24
Free cash flow after stock pay 89 9 −26 −15 −6 −10 −2 −3 −4 −0 2 −13 13 14 26 35 46 56
Balance sheet
Cash 66 74 96 82 100 75 61 49 40 41 47 99 97 113 145 73 117 138
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24 0 0
Net debt (negative = net cash) −66 −74 −96 −82 −100 −75 −61 −49 −40 −41 −47 −99 −97 −113 −145 −49 −117 −138
Diluted shares — 23m 22m 22m 22m 22m 22m 23m 23m 23m 23m 23m 25m 26m 27m 28m 28m 28m
Returned to shareholders
Dividends 1 — — — — — — — — — — — — — — — — —
Buybacks — 0 13 0 0 — — — — — — — — — — — — —
Total returned 1 0 13 0 0 — — — — — — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $495m
Short-term assets $207mLonger-term assets $288m
What it owes, and who funded it · $466m
Short-term liabilities $108mShareholders' equity $358m
  • Short-term assets cover short-term liabilities $207m of assets due within a year against $108m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $49m against $363,000 of interest.

From Agilysys Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.5%
year over year
R&D spending
22.5%
of revenue
Days sales outstanding
44 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated AGYS CMRC QH CCSI TUYA AMPL Median
Revenue, last 12 months $344m $347m $351m $355m $322m $374m $482m
Revenue growth, last 12 months 14.9% 2.8% −17.0% 1.5% 7.8% 18.3% 12.0%
Revenue growth, 3-year average 16.6% 5.9% — −1.1% — 12.8% 11.1%
Revenue growth, latest quarter 17.7% 0.1% — 4.1% — 21.2% 11.9%
Gross margin 63.8% 77.2% 0.5% 80.2% 48.2% 72.4% 69.2%
Operating margin 14.3% 0.4% −7.0% 41.8% 3.6% — 1.1%
Operating margin, 3-year average 11.0% −7.8% — 42.4% — — −0.8%
Net margin 12.9% −1.7% −5.9% 26.7% 18.0% −26.6% 2.1%
Cash from operations / revenue 23.9% 10.1% −1.5% 41.1% 25.2% 8.5% 18.2%
Free-cash-flow margin 23.3% 5.6% −1.6% 32.6% 23.0% 7.9% 15.0%
Free-cash-flow margin, 3-year average 20.1% — — 28.6% — 6.8% 16.2%
Stock pay / revenue 7.0% 5.5% 0.1% 5.4% 6.9% 25.1% 9.3%
Change in share count 0.5% 3.8% 235.2% −1.8% 3.9% 3.2% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 14.9% 12.0% 78 of 184
Change in growth rate Growth +0.5pp +0.2pp 84 of 184
Gross margin Profitability 63.8% 69.8% 98 of 160
Operating margin Profitability 14.3% 1.1% 41 of 181
Net margin Profitability 12.9% 2.1% 51 of 185
Free-cash-flow margin Cash generation 23.3% 15.2% 63 of 180
Stock pay as % of revenue Cash generation 7.0% 9.3% 61 of 177
Long-term debt as % of assets Balance sheet 0.0% 16.9% 1 of 98
Change in share count Balance sheet 0.5% 1.7% 68 of 163
Days sales outstanding Balance sheet 44 days 57 days 57 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Support Maintenance Subscription Services and Professional Services $278M 87.1% ▲ 18.7%
Subscription and Maintenance $206M 74.1% ▲ 21.1%
Professional Services $72.2M 26.0% ▲ 12.4%
Products $41.2M 12.9% ▼ 0.4%

From Agilysys Inc's 10-K filed May 21, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
285
Shares held vs prior quarter
▲ 5.2%
Positions opened / closed
68 / 30

Top buyers and sellers, Q2 2026: 173 institutions bought and 100 sold ; the biggest buyer was Franklin Resources Inc (+340K shares) and the biggest seller Voya Investment Management LLC (−308K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $432M 4.1M 14.1% ▲ 6.1%
Mak Capital One LLC $125M 1.2M 4.1% 0.0%
Vanguard Capital Management LLC $119M 1.1M 3.9% ▲ 0.4%
Vanguard Portfolio Management LLC $117M 1.1M 3.8% ▲ 3.7%
State Street Corp $114M 1.1M 3.7% ▲ 5.0%
Wasatch Advisors LP $98M 937K 3.2% ▼ 1.7%
American Century Companies Inc $91.7M 878K 3.0% ▲ 19.6%
FMR LLC $77.8M 745K 2.5% ▼ 11.0%
Geode Capital Management, LLC $73.7M 705K 2.4% ▲ 6.9%
Artisan Partners Limited Partnership $72.4M 693K 2.4% ▲ 28.4%
Franklin Resources Inc $71.9M 688K 2.3% ▲ 97.7%
Nine Ten Capital Management LLC $68.5M 656K 2.2% ▲ 0.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Agilysys Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $77,668 16 trades by 1 insider, last 12 months Insider sales History → $24.6M 19 trades by 8 insiders · 0% under pre-set plans
Net ▼ $24.5M net selling
Insider Date Trade Shares Price Value
Mutch John Director October 29, 2026 Sell 250 $114.81 $28,702
Mutch John Director October 29, 2026 Sell 500 $115.04 $57,520
Abdelrahman Joe Ahmed Youssef Chief Commercial Officer September 1, 2026 Sell 1,002 $114.64 $114,869
Badger Kyle C SVP, GC and Secretary August 18, 2026 Sell 8,400 $114.06 $958,104
Wood William David Iii Chief Financial Officer August 18, 2026 Sell 6,000 $114.72 $688,320
Srinivasan Ramesh President & CEO August 7, 2026 Sell 25,000 $108.15 $2.7M
Srinivasan Ramesh President & CEO August 6, 2026 Sell 40,000 $106.60 $4.3M
Srinivasan Ramesh President & CEO August 6, 2026 Sell 66,205 $106.63 $7.1M
Srinivasan Ramesh President & CEO August 5, 2026 Sell 66,205 $109.63 $7.3M
Badger Kyle C SVP, GC and Secretary June 10, 2026 Sell 1,000 $92.51 $92,510
Badger Kyle C SVP, GC and Secretary June 10, 2026 Sell 2,000 $92.17 $184,340
Keating Melvin L Director March 17, 2026 Buy 70 $68.32 $4,782

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 26, 2026
  • July 27, 2026
  • May 18, 2026
  • January 26, 2026
  • October 27, 2025
  • July 21, 2025

Recent SEC filings

Data status

When each part of this page on Agilysys Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Agilysys Inc in brief

What does Agilysys Inc do?
Agilysys Inc is a US-listed company in the application software industry. Its financial year ends in March.
What is Agilysys Inc's stock ticker?
Agilysys Inc trades under the ticker AGYS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Agilysys Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Agilysys Inc reported revenue of $344M, 14.9% higher than a year earlier, according to its SEC filings.
What is Agilysys Inc's free cash flow?
Agilysys Inc's free-cash-flow margin is 23.3% of revenue over the trailing twelve months, ranking 63 of the 180 application software companies we cover.
What is Agilysys Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Agilysys Inc's free cash flow after stock-based pay gives ~$67 per share in the base case, and ~$52–$87 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Agilysys Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Mak Capital One LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Agilysys Inc's market cap?
On November 2, 2026, Agilysys Inc's market capitalisation was about $3.4B, with a price-to-earnings ratio of 75.7 and net debt of -$138M. Market figures come from third-party market data and may be delayed.
Who are Agilysys Inc's competitors?
In our Application Software peer group, the companies closest to Agilysys Inc are Commerce.com, Inc., Quhuo Ltd, Consensus Cloud Solutions, Inc., Tuya Inc. and Amplitude, Inc. The side-by-side comparison below sets their revenue, margins and growth against Agilysys Inc's.
Are insiders buying or selling Agilysys Inc stock?
Over the last 12 months, Agilysys Inc's directors and officers reported 16 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is Agilysys Inc's next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Agilysys Inc announces its own schedule.