Key Highlights

• On 9 June 2026, D2L reported results for the first quarter of its fiscal 2027 year.
• Total Revenue was about US$57.1 million, up about 8.1% year over year, and subscription and support revenue — the core recurring line — grew about 10.4% to about US$52.7 million.
• D2L’s financials describe a steady, recurring-revenue software Business investing for growth.
• The strong cash balance of about US$95.7 million provides flexibility and underpins the buyback.
• Continued double-digit growth in subscription and support revenue and annual Recurring Revenue is the central catalyst; sustained momentum would reinforce the quiet-compounder thesis.
• Key risk to watch: The risks…