New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Jun 10
First quarter 2027 earnings released: EPS: US$0.031 (vs US$0.06 in 1Q 2026) First quarter 2027 results: EPS: US$0.031 (down from US$0.06 in 1Q 2026). Revenue: US$57.1m (up 8.1% from 1Q 2026). Net income: US$1.67m (down 49% from 1Q 2026). Profit margin: 2.9% (down from 6.2% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Consumer Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 10
D2L Inc. Maintains Earnings Guidance for the Fiscal Year Ending January 31, 2027 D2L Inc. maintained earnings guidance for the fiscal year ending January 31, 2027. For the period, the company expects total revenue to be in the range of $231 million to $234 million, implying growth of 6-8% over Fiscal 2026. Announcement • May 22
D2l and the State University of New York Launch Educator-In-Residence Program D2L and The State University of New York (SUNY) have launched a special edition of D2L's Educator-in-Residence program to support research projects that explore the ways technology can support educators and improve outcomes. The initiative can help empower educators to use D2L Brightspace, an award-winning learning platform, to explore how digital learning tools can help increase accessibility and foster student success. Through collaborative research, the program aims to generate practical strategies and insights that educators can apply in their own classrooms--helping to build inclusive learning environments, advance pedagogical and curriculum innovation, and create a community of scholars committed to improving learning outcomes. Led by the Academic Affairs Division at D2L, the Educators-in-Residence program helps support innovative scholarship through seed funding, project management support, and opportunities for broad dissemination across SUNY institutions. Five SUNY institutions will lead projects focused on the intersection of technology-enhanced teaching and learning: The State University of New York at Buffalo: Aimed at exploring ways to reduce cognitive load and enhancing engagement through standardized Brightspace course templates. SUNY Cortland: Implementing specifications grading in Brightspace for upper-level sport management courses. SUNY Empire State University: Designing trauma-informed and inclusive doctoral learning environments through Brightspace. SUNY New Paltz: Exploring ways to help enhance learner motivation and mastery through career-aligned examples and gamified learning in Brightspace. The State University of New York at Albany: Using Brightspace Intelligent Agents to help improve support and engagement in large-enrollment STEM courses. This research collaboration follows findings from the 2025 Time for Class survey by D2L and Tyton Partners. The survey revealed that higher education institutions are grappling with the complexity of integrating digital technology into learning environments and highlighted the need for more support and experimentation with emerging technologies. Results from D2L's Educator-in-Residence program will be revealed at D2L Fusion, in Phoenix, Arizona, from July 8-10, 2026, offering practical strategies to help educators transform learning. Space is limited, register now to secure your spot and hear the results. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Marta DeBellis was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 20
D2L Inc. to Report Q1, 2027 Results on Jun 09, 2026 D2L Inc. announced that they will report Q1, 2027 results After-Market on Jun 09, 2026 Announcement • May 08
D2L Launch Week Highlights Latest Product Releases D2L, a global leader in learning innovation, hosted its first-ever D2L Launch Week, a four-day virtual webinar series spotlighting the company's latest product innovations across D2L Brightspace in 2026. Throughout the week, D2L showcased a range of product releases through live demos and practical customer use cases, highlighting how institutions, school districts and organizations can help to drive engagement and improve learning outcomes. The featured updates include enhancements to D2L Lumi for idea generation, intervention suggestions, quiz creation and summarization; tools to strengthen parent and guardian outreach; and administrative capabilities designed to help large organizations delegate course and configuration management more effectively. Among the new capabilities were several updates to D2L's AI-native tool, D2L Lumi, designed to improve usability, transparency, and alignment across workflows, including: D2L Lumi Ideas: Generates assignment and discussion ideas directly within Brightspace, making it easier to generate high quality content aligned to learning outcomes. D2L Lumi Insights: Gives educators access to learning intervention suggestions, designed to provide recommended next steps based on learner data. D2L Lumi Quiz: Helps educators generate questions from multiple course content topics and includes a more streamlined question-generation workflow. D2L Lumi Summary: Supports summarization from more content sources, including nested submodules, and can give educators the ability to preview and adjust source text before summarization. D2L also introduced new parent and guardian communication enhancements to help K-12 educators strengthen engagement beyond the classroom. Teachers can now send bulk emails to all parents and guardians associated with students in their class. For individual student outreach, teachers can also email parents and guardians of a specific learner, making it easier to share timely updates on student progress and classroom activity. Distributed Administration gives organizations more flexibility to delegate administrative responsibilities across organization levels. With Distributed Administration, administrators can manage specific areas, enabling them to oversee courses while helping to reduce bottlenecks and free up time. Announcement • Apr 03
D2L Inc. Provides Earnings Guidance for the Fiscal Year Ending January 31, 2027 and Fiscal Year Ending January 31, 2028 D2L Inc. provided earnings guidance for the fiscal year ending January 31, 2027 and fiscal year ending January 31, 2028. For the full year ending January 31, 2027, the company expects total revenue to be in the range of $231 million to $234 million, which implies a growth of 6%-8% over Fiscal 2026.
For the full year ending January 31, 2028, the company expects total revenue to be in the range of 10% to 15%. Announcement • Mar 31
D2L Inc., Annual General Meeting, Jun 11, 2026 D2L Inc., Annual General Meeting, Jun 11, 2026. Announcement • Mar 12
D2L Inc. to Report Q4, 2026 Results on Apr 01, 2026 D2L Inc. announced that they will report Q4, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 01, 2026 Announcement • Dec 13
D2L Inc. Updates Earnings Guidance for the Year Ending January 31, 2026 D2L Inc. updated earnings guidance for the year ending January 31, 2026. For the year, the company expects total revenue to be in the range of $217 million to $218 million, implying growth of 6% over Fiscal 2025, versus previously issued guidance of $219 million to $221 million. This outlook reflects the Company's continued emphasis on balancing growth and profitability. The anticipated revenue growth rates are informed by the current macroeconomic and geopolitical environment and its impact on the company’s selling activities, inclusive of a general slowness in activity within the U.S. Higher Education market. The updated total revenue guidance reflects both the reduction in subscription and support guidance driven by U.S. K-12 churn and a continued decline in the contribution of professional services revenue due to the more cautious spending environment, particularly for curriculum advisory services in the U.S. Higher Education market. Announcement • Nov 20
D2L Inc. to Report Q3, 2026 Results on Dec 10, 2025 D2L Inc. announced that they will report Q3, 2026 results After-Market on Dec 10, 2025 Announcement • Sep 12
D2L Inc. Reaffirms Earnings Guidance for the Year Ending January 31, 2026 D2L Inc. reaffirmed earnings guidance for the year ending January 31, 2026. Total revenue in the range of $219 million to $221 million, unchanged from previously issued guidance, implying growth of 7-8% over Fiscal 2025, and 7-8% growth on a constant currency basis. Total revenue guidance remains unchanged, which reflects the increase in subscription and support revenue, offset by a decrease in the contribution of professional services and other revenue due to the more cautious spending environment, particularly for curriculum advisory services in the U.S. Higher Education market. Announcement • Aug 21
D2L Inc. to Report Q2, 2026 Results on Sep 10, 2025 D2L Inc. announced that they will report Q2, 2026 results After-Market on Sep 10, 2025 Announcement • Jun 11
D2L Inc. Maintains Earnings Guidance for the Year Ending January 31, 2026 D2L Inc. maintains earnings guidance for the year ending January 31, 2026. For the year, the company expects total revenue in the range of $219 million to $221 million, implying growth of 7-8% over Fiscal 2025, and 8-9% growth on a constant currency basis. Announcement • May 21
D2L Inc. to Report Q1, 2026 Results on Jun 10, 2025 D2L Inc. announced that they will report Q1, 2026 results After-Market on Jun 10, 2025 Announcement • Apr 07
D2L Inc., Annual General Meeting, Jun 12, 2025 D2L Inc., Annual General Meeting, Jun 12, 2025. Announcement • Mar 13
D2L Inc. to Report Q4, 2025 Results on Apr 02, 2025 D2L Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 02, 2025 Announcement • Jan 21
D2l Inc. Appoints Andrew Datars as Chief Technology Officer D2L Inc. announced the addition of Andrew Datars as Chief Technology Officer, to lead the Company's technology, engineering and development teams. Datars has more than 25 years of leadership experience in commercial software. Most recently, he was the EVP of Engineering at PointClickCare, a leading SaaS-based healthcare technology platform. Datars prior experience includes technology roles at Oracle, Research in Motion and Microsoft. He holds a M.Sc. in Physics from the University of Toronto and a B.Sc. in Physics from McGill University. Announcement • Dec 05
D2L Inc. Updates Earnings Guidance for the Year Ending January 31, 2025 D2L Inc. updated earnings guidance for the year ending January 31, 2025. For the period, the company expects total revenue in the range of $204 million to $205 million, implying growth of 12% at the midpoint over Fiscal 2024, an increase from previously issued guidance of $199 million to $202 million. Announcement • Nov 13
D2L Inc. to Report Q3, 2025 Results on Dec 04, 2024 D2L Inc. announced that they will report Q3, 2025 results After-Market on Dec 04, 2024 Recent Insider Transactions • Sep 20
Chief Strategy Officer recently sold €175k worth of stock On the 16th of September, Jeremy Auger sold around 20k shares on-market at roughly €8.61 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €88k more than they sold in the last 12 months. Reported Earnings • Sep 06
Second quarter 2025 earnings released: US$0.005 loss per share (vs US$0.09 loss in 2Q 2024) Second quarter 2025 results: US$0.005 loss per share (improved from US$0.09 loss in 2Q 2024). Revenue: US$49.2m (up 11% from 2Q 2024). Net loss: US$262.6k (loss narrowed 95% from 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Services industry in Europe. Announcement • Aug 19
D2L Inc. to Report Q2, 2025 Results on Sep 04, 2024 D2L Inc. announced that they will report Q2, 2025 results After-Market on Sep 04, 2024 New Risk • Jul 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Recent Insider Transactions • Jun 10
Lead Independent Director recently bought €263k worth of stock On the 7th of June, John Giffen bought around 42k shares on-market at roughly €6.26 per share. This transaction increased John's direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €313k more in shares than they have sold in the last 12 months. Reported Earnings • Jun 06
First quarter 2025 earnings released: EPS: US$0.011 (vs US$0.021 in 1Q 2024) First quarter 2025 results: EPS: US$0.011 (down from US$0.021 in 1Q 2024). Revenue: US$48.5m (up 9.6% from 1Q 2024). Net income: US$572.3k (down 49% from 1Q 2024). Profit margin: 1.2% (down from 2.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Consumer Services industry in Europe. Announcement • Jun 06
D2L Inc. Reaffirms Earnings Guidance for the Year Ending January 31, 2025 D2L Inc. reaffirmed earnings guidance for the year ending January 31, 2025. The company maintained its previously issued financial guidance as: Total revenue in the range of $197 million to $201 million, implying growth of 9% at the midpoint over Fiscal 2024. Announcement • May 17
D2L Inc. to Report Q1, 2025 Results on Jun 04, 2024 D2L Inc. announced that they will report Q1, 2025 results After-Market on Jun 04, 2024 Announcement • May 03
D2l Inc. Appoints Brian Finnerty as Chief Marketing Officer D2L announced the appointment of Brian Finnerty as Chief Marketing Officer (CMO) to lead D2L's global marketing team and strategic marketing initiatives. Brian brings more than two decades of proven leadership experience building successful go-to-market teams. He joins D2L from Udacity, where he led global revenue marketing with a growth-first mindset and had responsibilities across several marketing functions, including demand generation, customer marketing, digital marketing, and product marketing. Prior to his role at Udacity, Brian held key leadership roles at high growth companies including Demandbase, Marin Software and Skillsoft. He also served on the customer advisory board at 6sense and as an executive advisor to Sendoso. Announcement • Apr 04
D2L Inc. Provides Earnings Guidance for the Year Ended January 31, 2025 D2L Inc. provided earnings guidance for the year ended January 31, 2025. For the year, the company expects total revenue in the range of $197 million to $201 million, implying growth of 9% at the midpoint over Fiscal 2024. Reported Earnings • Apr 04
Full year 2024 earnings released: US$0.066 loss per share (vs US$0.35 loss in FY 2023) Full year 2024 results: US$0.066 loss per share (improved from US$0.35 loss in FY 2023). Revenue: US$182.4m (up 8.3% from FY 2023). Net loss: US$3.54m (loss narrowed 81% from FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Services industry in Europe. Announcement • Mar 30
D2L Inc., Annual General Meeting, Jun 06, 2024 D2L Inc., Annual General Meeting, Jun 06, 2024. Announcement • Mar 22
D2L Inc. to Report Q4, 2024 Results on Apr 03, 2024 D2L Inc. announced that they will report Q4, 2024 results After-Market on Apr 03, 2024 Announcement • Mar 06
D2L Expands Leadership Team D2L announced the promotion of Lee Poteck to Chief Revenue Officer and the appointment of Amy Clark as Chief People Officer. Lee Poteck has been promoted to the role of Chief Revenue Officer to lead D2L's continued sales growth and advance D2L's global go-to-market strategy. With over a decade at D2L, most recently as Senior Vice President, Sales & Customer Success, Lee brings a wealth of experience from within the organization. Lee's accomplishments at D2L, coupled with his background in sales at BlackBerry, help equip him to drive revenue growth and go-to-market excellence globally. Lee holds an honors Bachelor of Science degree from Western University and a master's degree in Business Entrepreneurship & Technology from the University of Waterloo. In her role as Chief People Officer, Amy Clark will help spearhead D2L's award-winning People and Culture department, strategically driving talent initiatives to propel organizational growth and performance. Recognized as a thought leader in HR strategy and cultural transformation, she is dedicated to building world-class company cultures. Amy's most recent experiences include SVP of People Services at Colliers leading the people and culture practice for North America, and VP of Employee Experience at Manulife where she helped drive transformational culture change globally. Amy holds an MBA degree from Athabasca University. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Heather Zynczak was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 30
D2l Helps Educators Generate Practice and Quiz Questions with Generative Ai Beta Program D2L shared the ongoing roll out of its Generative AI beta program to help educators and content creators easily and quickly generate practice questions and quiz questions using existing course content - helping to reduce administrative workloads and encourage a greater focus on learner engagement. This beta program is currently being introduced to select D2L Brightspace users before a broader integration across all D2L products. Generating practice questions: Launched in September 2023, this feature can help educators automatically generate practice questions from existing course content and materials. Generating quiz questions: Launched in January 2024, this feature can help educators automatically generate Brightspace quiz questions from existing course content and materials. The beta program has launched in North America, spanning from September 2023 to Summer 2024, and offers early access to select customers. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 07
D2L Inc. Provides Earnings Guidance for the Year Ending January 31, 2024 D2L Inc. provided earnings guidance for the year ending January 31, 2024. Total revenue unchanged in the range of $180 million to $182 million, reflecting growth of 7% to 8% over Fiscal 2023. Reported Earnings • Dec 07
Third quarter 2024 earnings released: US$0.007 loss per share (vs US$0.05 loss in 3Q 2023) Third quarter 2024 results: US$0.007 loss per share (improved from US$0.05 loss in 3Q 2023). Revenue: US$46.1m (up 8.1% from 3Q 2023). Net loss: US$387.6k (loss narrowed 85% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Consumer Services industry in Europe. Announcement • Nov 17
D2L Inc. to Report Q3, 2024 Results on Dec 05, 2023 D2L Inc. announced that they will report Q3, 2024 results After-Market on Dec 05, 2023 Announcement • Sep 21
D2L Corporation Unveils D2L for Business D2L announced the formal launch of D2L for Business - a corporate learning solution designed to maximize return on investment (ROI) in learning and help empower employers to attract, retain, onboard, and upskill their workforce. D2L for Business combines the benefits of an existing network of world-class education providers, skill development solutions, and expert consulting services along with D2L's world class Learning Experience Platform (LXP) and authoring tools, creating one integrated, easy-to-use corporate solution. The 2023 World Economic Forum'sFuture of Jobs Report predicts that 44% of workers' skills will be disrupted in the following five years - rising significantly from 35% in 2016. And, according to D2L's 2023 White Paper, 80% of U.S. adults expressed some interest in pursuing additional skills training over the next 12 months. D2L for Business helps employers maximize organization-wide learning ROI and their workforce's satisfaction, retention, and internal mobility through: Skills Mapping and Pathways: D2L for Business uses AI-driven algorithms and industry experts to help develop a comprehensive skills audit, map skills to careers, and identify custom learning pathways for desired careers and skill sets. This helps businesses create a skills pipeline aligned with business objectives, fill open roles, and close skills gaps. Network of World-Class Education Partners: D2L for Business can help businesses streamline their learning administration through a curated provider network of universities, colleges, and training organizations. Employers can easily deploy a centralized catalog of career-aligned programs and courses to talent at every level of the organization. Customized Learning: D2L for business create and deliver their own customized digital learning experiences through D2L's LXP. This can enable organizations to rapidly scale and deploy learning that aligns with their strategic goals. Learning Analytics: D2L for Business offers built-in insights to help maximize businesses' ROI with a birds-eye-view into learner progress and outcomes. Employers can gather integrated, organization-wide data about course completion rates and employee skill development, and then make data-informed decisions to help ensure future-readiness. D2L for Business will help empower companies to make their skilled teams a competitive advantage, future-proofing their organization to fuel growth. Reported Earnings • Sep 07
Second quarter 2024 earnings released: US$0.09 loss per share (vs US$0.091 loss in 2Q 2023) Second quarter 2024 results: US$0.09 loss per share. Revenue: US$44.5m (up 8.0% from 2Q 2023). Net loss: US$4.83m (flat on 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Consumer Services industry in Europe. Announcement • Sep 07
D2L Inc. Provides Earnings Guidance for the Fiscal Year Ended January 31, 2024 D2L Inc. provides earnings guidance for the fiscal year ended January 31, 2024. Subscription and support revenue in the range of $159 million to $161 million, implying growth of 9% to 10% over Fiscal 2023. Total revenue in the range of $180 million to $182 million, implying growth of 7% to 8% over Fiscal 2023. Announcement • Aug 18
D2L Inc. to Report Q2, 2024 Results on Sep 06, 2023 D2L Inc. announced that they will report Q2, 2024 results After-Market on Sep 06, 2023 Announcement • May 11
D2L Inc. (TSX:DTOL) acquired Connected Shopping Ltd. D2L Inc. (TSX:DTOL) acquired Connected Shopping Ltd on May 10, 2023.D2L Inc. (TSX:DTOL) completed the acquisition of Connected Shopping Ltd on May 10, 2023. 
