Descartes Systems Group Inc cash flow statement

In fiscal 2026, Descartes Systems Group Inc's operations generated $266m of cash; it spent $5.7m on capital projects, leaving free cash flow of $261m. It returned $892,000 through buybacks.

Cash flow statement

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

Descartes Systems Group Inc: cash flow statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Jan 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Jan 2018	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2024Jan 2024	2025Jan 2025	2026Jan 2026
Cash from operations	17	20	24	30	43	49	54	73	72	78	104	131	176	208	219	266
Depreciation and amortisation	2	2	2	3	3	3	3	4	4	5	6	6	5	5	6	6
Stock-based pay	3	1	1	1	3	2	2	2	3	4	5	6	11	16	20	21
Capital spending	2	2	5	3	2	3	4	5	5	5	5	4	5	6	7	6
Free cash flow	15	18	19	27	40	47	50	68	67	73	99	127	171	202	213	261
Free cash flow after stock pay	12	17	18	26	38	45	48	66	64	69	94	121	160	186	193	240
Share buybacks	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1
Shares issued	40	1	2	1	4	141	0	0	1	0	238	6	3	9	12	14

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: BL vs DSGX DSGX vs EGHT DSGX vs QLYS DSGX vs VRNS

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Descartes Systems Group Inc's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Descartes Systems Group Inc.