Sangoma Technologies Corporation (SANG)

Nasdaq: SANG · Services-Computer Programming, Data Processing, Etc. · Markham, ON · filing with the SEC since 2018

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Grade4.9

◀ Past 4.5● Present 5.4▶ Future 4.8

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Sangoma Technologies Corporation

Nine metrics read from its own filings, by tense

Headline grade

4.9/10

◀ Past4.525% of the headline

● Present5.435% of the headline

▶ Future4.840% 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?

4.5/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.0/10

Has it survived what it has been through?

No warning events in its filings since 2018.

weight 22% of this tense · 70th percentile among 79 sector filers · read for itself

From the record

Sangoma Technologies Corporation's filings since 2018 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

3.8/10

What has it actually done, year after year?

+15.9% a year over 5 filed years; profitable in 1 of 5.

weight 45% of this tense · 38th percentile among 70 sector filers · read for its customers

From the record

Sangoma Technologies Corporation's 5 filed years say what it did: revenue went from $131 million in fiscal 2021 to $237 million in fiscal 2025, up 15.9% a year; it rose in 2 of 4 years; the deepest fall was 6% from fiscal 2023 to fiscal 2025; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span15.9%bottom 48% of its family
the share of years revenue rosebottom 19% of its family
the share of filed years with a profitbottom 36% of its family
the deepest fall from a revenue peak6.3%top 49% of its family

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

Shareholder treatment

as filed

3.9/10

How has it treated the people who own it?

Share count grew 2.1% a year. 3% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 39th percentile among 41 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-06-30, Sangoma Technologies Corporation's diluted share count grew about 2.1% a year, and dividends and buybacks returned about 3% 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 yearsbottom 49% of its family
cash returned against operating cash flowbottom 29% 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?

5.4/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.6/10

Is it financially healthy right now?

ROE -2%: lost 2¢ per shareholder dollar. Leverage 27%: owes 27¢ per asset dollar.

weight 45% of this tense · 66th percentile among 74 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-06-30, Sangoma Technologies Corporation lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned about 47 cents per dollar of everything the company owns. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 0.7% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 22% of its family
return on equitytop 48% of its family
gross profit against assetstop 23% of its family
the share count against the year beforetop 42% of its family

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

Industry position

as filed

3.9/10

How strong is its position in its industry?

bottom 39% of 73 in its family; net margin -2.1%.

weight 33% of this tense · 39th percentile among 73 sector filers · read for its customers

From the record

Sangoma Technologies Corporation's standing among 73 graded names in its industry family: revenue of $237 million in fiscal 2025 ranks in the bottom 37% by size; a net margin of -2.1% ranks in the top 49%; revenue growth of 1.8% a year over the last 3 filed years ranks in the bottom 28% (its annual reports).

What it rests on

revenue against the family$237Mbottom 37% of its family
net margin-2.1%top 49% of its family
three-year revenue growth1.8%bottom 28% of its family

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

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 42 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 42 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, 42 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: Sangoma Technologies Corporation's leadership is put at 5.0 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 42 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?

4.8/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.8/10

How much room does it have to grow?

top 42% of 71 in its family for room to expand.

weight 22% of this tense · 58th percentile among 71 sector filers · read for itself

From the record

Sangoma Technologies Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $13 million against no long-term debt tagged leaves 3.9% of its assets as net cash, bottom 44% of its family; cash from operations less capital spending is 16.6% of revenue (top 35%); a gross margin of 68.3% (top 36%); research spending of 17.8% of revenue (top 41%) (its annual report).

What it rests on

cash less debt against assets3.9%bottom 44% of its family
cash from operations less capital spending against revenue16.6%top 35% of its family
gross margin68.3%top 36% of its family
research spending against revenue17.8%top 41% of its family

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

Growth drivers

as filed

4.0/10

What could actually drive growth from here?

bottom 40% of 70 in its family for growth drivers.

weight 45% of this tense · 40th percentile among 70 sector filers · read for its customers

From the record

Sangoma Technologies Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 1.8% a year over the last three filed years against 15.9% over all 5, slowing (bottom 29% of its family); the newest year grew -4.3% (bottom 15%); research spending grew 7.3% a year (top 44%); capital spending grew 8.6% a year (top 42%) (its annual reports). Sangoma Technologies Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-14.1 points a yearbottom 29% of its family
the newest year's revenue growth-4.3%bottom 15% of its family
three-year growth of research spending7.3%top 44% of its family
three-year growth of capital spending8.6%top 42% 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

5.4/10

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

top 46% of 65 in its family for expectations against reality.

weight 33% of this tense · 54th percentile among 65 sector filers · read for its shareholders

From the record

Sangoma Technologies Corporation's newest year against its own record: revenue of $237 million in fiscal 2025 came in 8.8% below the $260 million its prior three years' pace pointed to (bottom 19% of its family); net income of $5 million against a prior three-year average of $49 million (top 32%); a net margin of -2.1% against -21.5% before (top 27%) (its annual reports).

What it rests on

revenue against the prior three years' pace-8.8%bottom 19% of its family
net income against the prior three years' average+90%top 32% of its family
net margin against its prior average+19.3 pointstop 27% 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 SANG · research, not advice