The FY2027 revenue guidance of $700-715M (9-11% growth) and Q1 guidance of $168-170M (11-12% growth) both exceed the implied consensus run-rate, signaling sustained momentum. Monitor Q1 FY2027 results for margin recovery as training costs normalize and AI Agent implementations scale. The 160bps Q4 margin compression is a near-term headwind but appears transitory given record cash flow and new logo wins.
Price Chart
Executive Summary
Ibex reported Q4 FY2026 adjusted EPS of $0.85, a 0.6% beat vs $0.84 consensus, on revenue of $164.3M (+11.6% YoY). The company guided FY2027 revenue of $700-715M (9-11% growth) and Q1 FY2027 revenue of $168-170M (11-12% growth), with both above the implied consensus run-rate. Record full-year revenue, adjusted EBITDA, and free cash flow were offset by a 160bps YoY decline in Q4 adjusted EBITDA margin to 12.3% due to training costs and delivery center transitions.
Key Financial Metrics
Key Facts
- Q4 FY2026 revenue $164.3M (+11.6% YoY), sixth consecutive double-digit growth quarter
- Q4 adjusted EPS $0.85 vs $0.84 consensus (0.6% beat)
- Full-year FY2026 revenue $644.1M (+15.4% YoY), record level
- FY2027 revenue guidance $700-715M (9-11% growth), above consensus run-rate
- Q1 FY2027 revenue guidance $168-170M (11-12% growth)
- Q4 adjusted EBITDA margin declined 160bps YoY to 12.3% due to training costs and delivery center transitions
- Record full-year operating cash flow $59.0M and free cash flow $31.2M
- Nine new logo wins in Q4, including two strategic AI Agent wins
- Net cash position improved to $30.9M from $13.7M a year ago
- Repurchased 0.5M shares for $14.4M in FY2026
Financial Impact
Q4 revenue beat consensus by ~$4.3M (2.7%); FY2027 guidance midpoint of $707.5M implies ~9.8% YoY growth, above the ~$690M consensus run-rate
Risk Factors
- Q4 adjusted EBITDA margin declined 160bps YoY to 12.3%, with management citing training costs and delivery center transitions
- GAAP net income declined 8.8% YoY in Q4 to $8.7M despite revenue growth
- Full-year capex increased 51% to $27.8M, pressuring near-term free cash flow conversion
- Accumulated other comprehensive loss widened to $(11.5M) from $(6.3M) due to FX translation
- Diluted share count increased 2.8% YoY to 14.9M, partially offsetting EPS growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3359972 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $46.94 | awaiting T+1 | — | $46.31 (−1.34%) |
Sep 25, 2026 4w ago | 144 | $44.33 $43.38 | ▼ −2.14% | ▼ −1.96% | $46.31 (+4.47%) |
Sep 16, 2026 5w ago | Insider Cluster | $40.92 $40.20 | ▲ +1.76% | ▲ +1.64% | $46.31 (−13.17%) |
Sep 16, 2026 5w ago | Insider Cluster | $40.92 $40.20 | ▲ +1.76% | ▲ +1.64% | $46.31 (−13.17%) |
Sep 16, 2026 5w ago | Insider Cluster | $40.92 $40.20 | ▲ +1.76% | ▲ +1.64% | $46.31 (−13.17%) |
Sep 15, 2026 5w ago | Insider Cluster | $40.28 $40.92 | ▲ +1.59% | ▲ +0.46% | $46.31 (+14.97%) |
Sep 15, 2026 5w ago | 144 | $40.28 $40.92 | ▲ +1.59% | ▲ +0.46% | $46.31 (+14.97%) |
Sep 10, 2026 6w ago | Press Release | $39.80 $40.49 | ▲ +1.73% | ▲ +2.18% | $46.31 (+16.36%) |
May 29, 2026 21w ago | Insider Cluster | $31.64 $32.21 | ▲ +1.80% | ▲ +1.53% | $46.31 (+46.37%) |
May 13, 2026 23w ago | 8-K | $30.25 $30.56 | ▲ +1.02% | ▲ +2.25% | $46.31 (+53.09%) |
US Market Status
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