Descartes Systems Group Inc. (DSGX)

Nasdaq: DSGX · Services-Prepackaged Software · Waterloo, ON · filing with the SEC since 1999

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Grade6.0

◀ Past 6.4● Present 6.4▶ Future 5.4

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Descartes Systems Group Inc.

Nine metrics read from its own filings, by tense

Headline grade

6.0/10

◀ Past6.425% of the headline

● Present6.435% of the headline

▶ Future5.440% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Descartes Systems Group Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.0/10

What has it actually done, year after year?

+15.2% a year over 9 filed years; profitable in 9 of 9.

weight 45% of this tense · 70th percentile among 213 sector filers · read for its customers

From the record

Descartes Systems Group Inc.'s 9 filed years say what it did: revenue went from $204 million in fiscal 2017 to $729 million in fiscal 2026, up 15.2% a year; it rose in 8 of 8 years; it never fell from a peak; net income was positive in 9 of 9 of those years (its annual reports).

What it rests on

revenue growth over the filed span15.2%bottom 40% of its family
the share of years revenue rosetop 27% of its family
the share of filed years with a profittop 7% of its family
the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

5.1/10

How has it treated the people who own it?

Share count grew 0.4% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 51st percentile among 152 sector filers · read for its shareholders

From the record

Over the 4 fiscal years to 2026-01-31, Descartes Systems Group Inc.'s diluted share count grew about 0.4% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 28% of its family
cash returned against operating cash flowbottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.4/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.8/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 15%: owes 15¢ per asset dollar.

weight 45% of this tense · 68th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-01-31, Descartes Systems Group Inc. earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 30 cents per dollar of everything the company owns. Leverage: it owed about 15 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 9% of its family
return on equitytop 30% of its family
gross profit against assetsbottom 41% of its family
the share count against the year beforetop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

6.9/10

How strong is its position in its industry?

top 31% of 218 in its family; net margin 22.5%.

weight 33% of this tense · 69th percentile among 218 sector filers · read for its customers

From the record

Descartes Systems Group Inc.'s standing among 218 graded names in its industry family: revenue of $729 million in fiscal 2026 ranks in the top 40% by size; a net margin of 22.5% ranks in the top 10%; revenue growth of 14.5% a year over the last 3 filed years ranks in the top 41% (its annual reports).

What it rests on

revenue against the family$729Mtop 40% of its family
net margin22.5%top 10% of its family
three-year revenue growth14.5%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 157 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 157 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Descartes Systems Group Inc.'s leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 157 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

6.3/10

How much room does it have to grow?

top 37% of 216 in its family for room to expand.

weight 22% of this tense · 63rd percentile among 216 sector filers · read for itself

From the record

Descartes Systems Group Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $357 million against no long-term debt tagged leaves 18.8% of its assets as net cash, top 39% of its family; cash from operations less capital spending is 35.7% of revenue (top 7%); a gross margin of 77.1% (top 31%); research spending of 14.4% of revenue (bottom 29%) (its annual report).

What it rests on

cash less debt against assets18.8%top 39% of its family
cash from operations less capital spending against revenue35.7%top 7% of its family
gross margin77.1%top 31% of its family
research spending against revenue14.4%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.9/10

What could actually drive growth from here?

top 41% of 213 in its family for growth drivers.

weight 45% of this tense · 59th percentile among 213 sector filers · read for its customers

From the record

Descartes Systems Group Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 14.5% a year over the last three filed years against 15.2% over all 9, slowing (top 37% of its family); the newest year grew 12% (bottom 48%); research spending grew 13.9% a year (top 30%); capital spending grew 4.4% a year (top 46%) (its annual reports). Descartes Systems Group Inc. reported 3 product lines in fiscal 2026: Service at $677 million (93%), Professional Services and Other at $49 million (7%), License at $3 million (0%); 1 of 3 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-0.8 points a yeartop 37% of its family
the newest year's revenue growth12.0%bottom 48% of its family
three-year growth of research spending13.9%top 30% of its family
three-year growth of capital spending4.4%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 194 in its family for expectations against reality.

weight 33% of this tense · 41st percentile among 194 sector filers · read for its shareholders

From the record

Descartes Systems Group Inc.'s newest year against its own record: revenue of $729 million in fiscal 2026 came in 2.9% below the $751 million its prior three years' pace pointed to (bottom 39% of its family); net income of $164 million against a prior three-year average of $115 million (top 49%); a net margin of 22.5% against 20.9% before (bottom 33%) (its annual reports).

What it rests on

revenue against the prior three years' pace-2.9%bottom 39% of its family
net income against the prior three years' average+42%top 49% of its family
net margin against its prior average+1.6 pointsbottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DSGX · research, not advice