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StockVS

TSX · Software - Application · CAD

D2L Inc. (DTOL.TO) Stock Analysis

D2L Inc. (DTOL.TO) is a Software - Application stock listed on TSX and quoted in Canadian Dollar.

DTOL.TO

CA$10.31

+CA$0.06 (+0.59%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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DTOL.TO Key Statistics

As of Sep 4, 2026
Trading
Open
CA$10.51
Previous Close
CA$10.25
Day's Range
10.19–10.51
52-Week Range
7.15–19.05
Volume
2.60K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.39
Valuation
Market Cap
CA$541.22M
P/E Ratio
57.28
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
12.14
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.44
EPS (ttm)Profit attributable to each share over the last twelve months.
0.18
Financials (FY)
Revenue (FY)
CA$217.47M+5.94%
Net Income (FY)
CA$8.96M−65.15%
Profit marginThe share of revenue left as profit after all costs and taxes.
3.32%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
25.10M
1-Year Return
−37.70%
Dividend and dates
Earnings Date
September 9, 2026
Avg Volume
33.97K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

DTOL.TO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−23.69%
2025−30.32%
2024+81.05%
2023+65.28%
2022−52.87%
2021 (partial year)−17.91%

As of September 4, 2026.

DTOL.TO Revenue and Earnings by Fiscal Year

FY ends January
Fiscal yearRevenueNet incomeNet margin
2025CA$217.47MCA$8.96M4.1%
2024CA$205.28MCA$25.72M12.5%
2023CA$182.38M−CA$3.54M−1.9%
2022CA$168.40M−CA$18.38M−10.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$217.47MCA$148.93MCA$12.56MCA$8.96M4.1%
2024CA$205.28MCA$139.96MCA$6.20MCA$25.72M12.5%
2023CA$182.38MCA$122.20M−CA$7.11M−CA$3.54M−1.9%
2022CA$168.40MCA$107.77M−CA$15.93M−CA$18.38M−10.9%

Annual figures as reported, in the company's reporting currency. As of January 31, 2026.

DTOL.TO Valuation vs Software - Application Median

Median of 258 stocks
MetricDTOL.TOSoftware - Application medianvs median
P/E57.2827.20111% above
P/S ratio2.442.8213% below
Profit margin3.32%0.00%3.3 pts above

Medians across 258 Software - Application stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The market values D2L Inc. (DTOL.TO) at CA$541.22M. It is classified in the Software - Application industry, within the Technology sector. Headcount on file is 1,000.

The 52-week range on file runs from CA$7.15 to CA$19.05. DTOL.TO last closed at CA$10.31 on September 4, 2026. That is +CA$0.06 (+0.59%) against the previous close. The latest close sits 44.2% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$217.47M. That is +5.94% against the prior fiscal year, when revenue was CA$205.28M. The same year closed with net income of CA$8.96M. That is −65.15% against the prior fiscal year. The reported profit margin is 3.32%. That is 3.3 percentage points above the Software - Application median of 0%. Trailing earnings per share are 0.18.

Across the 4 fiscal years on file, revenue moves from CA$168.40M in 2022 to CA$217.47M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 57.28. That is 110.59% above the Software - Application median of 27.2. The forward P/E on file is 12.14. Measured against sales, the shares trade at 2.44 times revenue. On price-to-sales that is 13.37% below the Software - Application median of 2.82. The medians here are taken across 258 Software - Application companies that report the metric.

Beta against the wider market is reported at 1.39. Daily returns over the trailing 4 years annualize to a volatility of 47.52%. The trailing one-year price return is −37.70%. Across 3 years the annualized return works out at +8.78%.

Growth & Income

No dividend is on file for DTOL.TO.

The strongest complete calendar year on file is 2024 at +81.05%; the weakest is 2022 at −52.87%. Of the 4 complete calendar years on file, 2 finished higher. 2026 is still running; the price is −23.69% year to date.

Peer Comparison

D2L Inc. (DTOL.TO) operates in the Software - Application industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
D2L Inc. DTOL.TO CA$541.22M 57.3
SAP SE SAP CA$248.28B 28.0
Salesforce, Inc. CRM CA$213.35B 24.2
Shopify Inc. SHOP CA$188.28B 98.0

The Software - Application industry average P/E ratio is 27.2x. D2L Inc. trades at a P/E of 57.3.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About D2L Inc.

D2L Inc. provides cloud-based learning software for higher education institutions, kindergarten to grade 12 schools and districts, and private sector enterprises in Canada, the United States, and internationally. The company provides personalized, flexible and modern learning experiences for people of all ages. It offers core cloud-based learning innovation platform, Brightspace, serves three distinct markets, such as kindergarten to grade 12 schools (K-12), higher education, and corporate markets. In addition, the company provides performance+, advanced analytics package, achievement+, and creator+ easy-to-use authoring tools; performance+ advanced analytics package, achievement+, which streamlines achievement reporting on learning outcomes reporting; and Course Merchant, a digital storefront that enables institutions to sell courses directly to learners. Further, it offers Lumi, a human-centered artificial intelligence; and D2L Link that enables seamless connections and streamlined automations with student information systems, customer information management systems, human resource systems and other systems. It sells its platform primarily through direct sales in North America, Europe, and Australia, as well as through direct and indirect channel partners. The company was founded in 1999 and is headquartered in Kitchener, Canada.

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