D2L, Inc. (TSE:DTOL) has released an update.
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D2L Inc. reported a robust start to Fiscal 2025 with a 10% increase in total revenue to $48.5 million and a significant 43% growth in Adjusted EBITDA to $4.0 million. The firm also witnessed an 11% year-over-year rise in Annual Recurring Revenue, reaching $190.3 million, signaling strong customer retention and expansion. Highlighting their strong financial position, D2L closed the quarter with $98.9 million in cash and no debt, despite seasonal cash flow variability.
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