Alithya Group

ALYA.TO

Information Technology Services · Technology

Price

C$1.06

-0.02 (-1.85%)

Market Cap

C$102.6M

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+14.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 85.3M (2022) → 97.9M (2026)

Winston Score History

The full picture

Alithya Group is a Canadian technology consulting firm that helps businesses plan, build, and manage their digital systems. Its main services include IT strategy advice, software implementation, and custom application development. The company works with clients in industries like financial services, healthcare, government, and energy, primarily helping them adopt and optimize enterprise software platforms such as Microsoft and Oracle tools.

Alithya earns money by billing clients for consulting hours and project-based work, with some recurring revenue from managed services and application support contracts. It operates mainly in Canada and the United States, with a smaller presence in Europe, and generates roughly $500 million in annual revenue. The company competes in a crowded market against much larger firms like Accenture and CGI, which limits its pricing power. Its main growth lever is winning larger enterprise contracts and expanding its managed services business, but its current operating losses signal that controlling costs while growing revenue remains a key challenge.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-15.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

42.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~9 months

C$16M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Alithya Group has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

26.8%

Modest — 26.8% gross margin

Profit after running costs

Operating Margin

-0.2%

Losing money on operations — -0.2%

Return on the money invested

ROCE

-7.1%

Weak — -7.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-3.9%

Shrinking sales (-3.9% YoY)

Profit growth

EPS YoY

<−1,000%

Earnings shrinking (<−1,000% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

4.3%

Thin free cash flow (4.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.92

Moderate — manageable debt (0.92)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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