TSX · Software - Infrastructure · CAD

Haivision Systems Inc. (HAI.TO) Stock Analysis

Haivision Systems Inc. (HAI.TO) is a Software - Infrastructure stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

HAI.TO

CA$3.67

−CA$0.10 (−2.65%)

Oct 21, 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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HAI.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$3.77
Previous Close: CA$3.77
Day's Range: 3.67–3.77
52-Week Range: 3.53–10.40
Volume: 8.43K
Beta: 1.05

Valuation

Market Cap: CA$98.26M
P/E Ratio: unprofitable
Forward P/E: 22.94
P/S ratio: 0.69
EPS (ttm): −0.03

Financials (FY)

Revenue (FY): CA$137.64M+6.25%
Net Income (FY): CA$114.64K−97.56%
Profit margin: −0.48%
Shares Outstanding: 26.77M
1-Year Return: −26.60%

Dividend and dates

Avg Volume: 26.74K

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

Key facts

As of October 21, 2026, HAI.TO closed at CA$3.67, −26.60% over 1 year.

Haivision Systems Inc. (HAI.TO) has a market capitalization of CA$98.26M.

In fiscal 2025, HAI.TO reported revenue of CA$137.64M.

HAI.TO Stock Return by Calendar Year

Haivision Systems Inc. (HAI.TO) return since Dec 2020: what CA$10,000 became

1 year: CA$10,000 CA$7,340; −26.60%
5 years: CA$10,000 CA$4,705; −52.95%
Since Dec 2020: CA$10,000 CA$4,723; −52.77%

If you had invested CA$10,000 in Haivision Systems Inc. (HAI.TO) at the close on December 16, 2020, the earliest close on record here, it would have been worth CA$4,723 at the close on October 21, 2026: −52.77% in total, −12.04% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

+33.85%−33.08%−54.02%+10.31%+46.18%+1.55%−29.96%

2020*202120222023202420252026*

Year	Return
2026 (partial year)	−29.96%
2025	+1.55%
2024	+46.18%
2023	+10.31%
2022	−54.02%
2021	−33.08%
2020 (partial year)	+33.85%

As of October 21, 2026.

HAI.TO Revenue and Earnings by Fiscal Year

FY ends October

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$137.64M	CA$114.64K	0.1%
2024	CA$129.54M	CA$4.70M	3.6%
2023	CA$139.86M	−CA$1.27M	−0.9%
2022	CA$125.70M	−CA$6.19M	−4.9%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$137.64M	CA$99.80M	CA$530.23K	CA$114.64K	0.1%
2024	CA$129.54M	CA$94.69M	CA$5.48M	CA$4.70M	3.6%
2023	CA$139.86M	CA$98.58M	CA$2.78M	−CA$1.27M	−0.9%
2022	CA$125.70M	CA$86.33M	−CA$2.86M	−CA$6.19M	−4.9%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

HAI.TO Valuation vs Software - Infrastructure Median

Median of 182 stocks

Metric	HAI.TO	Software - Infrastructure median	vs median
P/S ratio	0.69	3.27	0.2x the median
Profit margin	−0.48%	2.53%	3.0 pts below

Medians across 182 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Haivision Systems Inc. (HAI.TO) carries a market capitalisation of CA$98.26M. The company sits in the Technology sector, in the Software - Infrastructure industry. Headcount on file is 389.

The 52-week range on file runs from CA$3.53 to CA$10.40. The most recent close on file for HAI.TO is CA$3.67, dated October 21, 2026. That is −CA$0.10 (−2.65%) against the previous close. The latest close sits 3.97% above that 52-week low.

Financial Health

In fiscal 2025, Haivision Systems Inc. reported revenue of CA$137.64M. Against the prior fiscal year total of CA$129.54M, that is a change of +6.25%. Net income for the same year was CA$114.64K. That is −97.56% against the prior fiscal year. The reported profit margin is −0.48%. That is 3 percentage points below the Software - Infrastructure median of 2.53%. Earnings per share on a trailing basis come to −0.03.

Across the 4 fiscal years on file, revenue moves from CA$125.70M in 2022 to CA$137.64M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 22.94. Measured against sales, the shares trade at 0.69 times revenue. On price-to-sales that is 0.2 times the Software - Infrastructure median of 3.27. The medians here are taken across 182 Software - Infrastructure companies that report the metric.

The reported beta is 1.05. Annualized volatility over the trailing 5 years is 49.29%. Over the trailing twelve months the total return is −26.60%. Across 5 years the annualized return works out at −14.00%.

Growth & Income

The record shows no dividend for HAI.TO.

Across the complete calendar years on file, 2024 returned +46.18% and 2022 returned −54.02%. Of the 5 complete calendar years on file, 3 finished higher. So far in 2026 the total return is −29.96%.

Peer Comparison

Haivision Systems Inc. (HAI.TO) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Haivision Systems Inc.	HAI.TO	CA$98.26M	—
Microsoft Corporation	MSFT	$3.96T	29.7
Palantir Technologies Inc.	PLTR	$484.74B	173.9
Oracle Corporation	ORCL	$391.46B	20.2

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Software - Infrastructure industry average P/E ratio is 30.2x. Haivision Systems Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Haivision Systems Inc.

Haivision Systems Inc. provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally. The company offers Haivision Command 360, a video wall solution for situational awareness and real-time decision-making in mission-critical environments; Haivision Media Platform that manages, shares, and delivers secure corporate communications, real-time video feeds, and broadcast IPTV; Haivision Play Pro, a free app for securely playing or streaming live SRT feeds from anywhere over the internet; Haivision Play Set-Top Boxes, a high quality viewing solution; Makito X H.264 that encodes high quality video at low latency with secure and reliable SRT streaming; Haivision StreamHub that receives, decodes, and distributes live video streams from any Haivision mobile transmitter; Haivision SRT Gateway, a broadcast solution for secure routing of live video streams across different types of IP networks; and SRT Open Source Protocol that delivers secure, high quality, and low latency video across the public internet. It provides intelligence, surveillance, reconnaissance (ISR) video solutions, including Makito X4, a low latency encoder for live broadcast and mission-critical video; Kraken, a video transcoder for mission-critical applications; Makito X4 Rugged, a video encoder for military-grade video encoding appliance; Haivision Play ISR, a free software application designed for defense and ISR; Makito X1 Rugged, a low latency for ISR and situational awareness video encoder; Makito FX, a real-time encoding for mission-critical video; and Haivision EMS, an element management system for centrally managing and monitoring encoders and decoders. The company was formerly known as Hajtek Vision Inc. and changed its name to Haivision Systems Inc. in June 2004. Haivision Systems Inc. was incorporated in 2004 and is headquartered in Montreal, Canada.

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