Kinaxis (KXS) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 results with total revenue up 25% year-over-year to $165.6 million, driven by 21% SaaS revenue growth and 20% ARR growth, both accelerating from prior year rates.

• Record quarterly profit of $29.4 million, up 85% year-over-year, with adjusted EBITDA margin reaching 32%, up from 25%.

• Nearly doubled total new business signed versus Q1 2025, with average deal size more than doubling and largest initial customer contract ever secured.

• Strong momentum in AI-driven supply chain planning, with Maestro platform and agentic AI capabilities driving customer wins and expansion.

• Named a Leader in the Gartner Magic Quadrant for Supply Chain Planning Solutions for the 12th consecutive time.

Financial highlights

• Total revenue was $165.6 million, up 25% year-over-year, with SaaS revenue at $102.9 million (up 21%) and subscription term license revenue at $19.1 million (up 111%).

• Professional services revenue was $38.7 million, up 16%; maintenance and support revenue declined 11%.

• Gross profit rose 32% to $114 million, with gross margin improving to 69% from 65%.

• Adjusted EBITDA increased 62% to $53.6 million; adjusted EBITDA margin was 32%, up from 25%.

• Cash flow from operating activities was $59.1 million, up 87% year-over-year.

Outlook and guidance

• Fiscal 2026 revenue guidance maintained at $620–635 million, with SaaS revenue growth expected at 17–19% and adjusted EBITDA margin guidance at 25–26%.

• Management expresses increased confidence in meeting or beating 2026 targets, with continued focus on SaaS and ARR growth.

• Professional services revenue expected to grow in low single digits for the full year.

• Guidance and outlook subject to risks including customer retention, timing of new business, and foreign currency fluctuations.