05:35 PM EDT, 04/02/2025 (MT Newswires) -- D2L (DTOL.TO), said after trade Wednesday, that its fiscal fourth-quarter profit and revenue rose year-over-year.

The company earned income of US$19.9 million compared with near US$0.6 million in the year-ago quarter. Per share figures were not given.

Total revenue rose 12% to US$53.3 million from US$47.6 million a year ago. Q4 subscription and support revenue grew 11% year-over-year to US$46.8 million. Constant Currency Annual Recurring Revenue reached US$205.3 million at year-end, up 9% over the prior year-end

The company provided an outlook for fiscal 2026. It expects subscription and support revenue of US$194 million to US$196 million. Total revenue is projected to be between US$219 million and US$221 million, and adjusted earnings before interest, taxes, depreciation, and amortization between US$32 million and US$34 million.

With the previously presented multi-year target operating model concluding with the Fiscal 2025 results, management is presenting an updated Medium Term Target Operating Model, which reflects the year-over-year revenue growth and Adjusted EBITDA Margin the company expects to achieve by Fiscal 2028 (the year ending January 31, 2028). Over the medium term, the company will continue to balance growth and profitability, including making measured investments in growth opportunities and optimizing the operations for increased profitability.

The company also said President Stephen Laster will leave the company on May 9. Laster is taking a new role as CEO of a private company that does not compete with D2L. As a result, D2L's Chief Executive John Baker, along with the senior leadership team, will take over Laster's responsibilities.