Canada's Terago reports 26% decrease in Q4 adjusted EBITDA

Overview

• Canada network services provider's Q4 revenue fell 5.7% yr/yr, driven by decreased bookings and delays

• Q4 adjusted EBITDA declined 26.3% yr/yr, reflecting lower revenues

• Company restated Q3 2025 financials for accounting adjustment, with no impact on revenue or adjusted EBITDA

Outlook

• Company says macroeconomic pressures are extending procurement cycles and delaying contract signings

• Terago plans continued investment in fixed wireless access and private 5G in 2026

• Company expects to capitalize on rising demand for high-capacity, low-latency connectivity

Result Drivers

• DECREASED BOOKINGS AND INSTALLATION DELAYS - Q4 revenue fell due to fewer bookings, delays in installations for larger multi-site deployments, and a reduction in one-time revenues

• CUSTOMER BASE OPTIMIZATION - Revenue was further impacted as the company discontinued service to unprofitable accounts, partially offset by new customer additions

• IMPROVED ARPA AND LOWER CHURN - Company saw higher average revenue per account and lower churn, reflecting efforts to attract larger customers and improve retention

Company press release: ID:nCNWlkfrva

Key Details

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