SANG
Sangoma Technologies Corporation
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
3.98
▼ 0.08 (1.97%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
3.98
Prev close
4.06
Day high
3.98
Day low
3.98
Volume
339
Market cap
$132.45M
P/E (TTM)
—
52W range
3.40 – 6.46
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
8.88M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 4, 26 | Reburn (Samantha) Senior Officer of Issuer |
— | 1.98K | — | Direct |
| Jun 4, 26 | Salameh (Charles) Director of Issuer |
— | 15.47K | — | Direct |
| Jun 4, 26 | Stock (Lawrence A.) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
— | 3.21K | — | Direct |
| Jun 4, 26 | Wubs (Jeremy) Senior Officer of Issuer |
— | 4.35K | — | Direct |
| Mar 1, 26 | Salameh (Charles) Director of Issuer |
— | 15.54K | — | Direct |
| Mar 1, 26 | Stock (Lawrence A.) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
— | 3.22K | — | Direct |
| Mar 1, 26 | Wubs (Jeremy) Senior Officer of Issuer |
— | 4.37K | — | Direct |
| Mar 1, 26 | Reburn (Samantha) Senior Officer of Issuer |
— | 1.99K | — | Direct |
| Feb 24, 26 | Salameh (Charles) Director of Issuer |
BUY | 7.80K | $36.32K | Direct |
| Feb 24, 26 | Salameh (Charles) Director of Issuer |
BUY | 1.10K | $5.12K | Indirect |
| Dec 3, 25 | Corbic (Nenad) Senior Officer of Issuer |
SELL | 3.00K | $15.91K | Direct |
| Dec 1, 25 | Corbic (Nenad) Senior Officer of Issuer |
— | 1.94K | — | Direct |
| Dec 1, 25 | Reburn (Samantha) Senior Officer of Issuer |
EXERCISE | 2.04K | $10.72K | Direct |
| Dec 1, 25 | Salameh (Charles) Director of Issuer |
— | 15.92K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Corbic (Nenad) |
Senior Officer of Issuer | 47.95K | Acquisition or disposition in the public market |
Reburn (Samantha) |
Senior Officer of Issuer | 21.28K | Exercise of rights |
Salameh (Charles) |
Director of Issuer | 377.55K | Exercise of rights |
Sangoma Technologies Corp |
Issuer | 0 | Redemption, retraction, cancelation, repurchase |
Stock (Lawrence A.) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 71.05K | Exercise of rights |
Wubs (Jeremy) |
Senior Officer of Issuer | 62.99K | Exercise of rights |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-2.93%
-1.6%
1M
-3.16%
-6.9%
3M
+9.64%
+6.5%
6M
-13.85%
-24.9%
YTD
-21.50%
-33.8%
1Y
-30.66%
-50.7%
3Y
+2.31%
-71.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$132.45M
Enterprise value$156.87M
Revenue (TTM)$212.62M
Gross profit$151.45M
EBITDA$1.28M
Net income$-6.46M
EPS (TTM)$-0.19
Free cash flow$28.18M
Total cash$15.29M
Total debt$39.72M
Book value / share$7.46
Shares outstanding33.28M
Float25.56M
Short % of float—
Dividend yield—
Beta (5Y)1.11
Short interest
Shares short
154.78K
Prior 120.20K
Change vs prior
+28.8%
Shorts adding
% of float
—
—
% of shares out
0.54%
Against total outstanding
Days to cover
18.9
Crowded exit
Float
25.56M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E—
Forward P/E30.62
PEG ratio—
Price / sales—
Price / book0.53
EV / revenue0.74
EV / EBITDA122.46
Gross margin71.23%
Operating margin-4.15%
Profit margin-3.04%
Return on equity-2.56%
Return on assets-0.83%
Debt / equity15.99
Current ratio0.90
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $236.69M | $247.28M | $252.53M | $224.35M | -4.3% |
| Operating revenue | $236.69M | $247.28M | $252.53M | $224.35M | -4.3% |
| Cost of revenue | $74.94M | $74.46M | $79.74M | $67.46M | +0.6% |
| Gross profit | $161.75M | $172.82M | $172.79M | $156.89M | -6.4% |
| Research & development | $42.15M | $39.54M | $37.47M | $34.16M | +6.6% |
| Selling, general & admin | $88.10M | $101.03M | $104.34M | $128.26M | -12.8% |
| Total operating expense | $163.02M | $173.88M | $175.74M | $162.41M | -6.2% |
| Operating income | -$1.27M | -$1.06M | -$2.95M | -$5.53M | -19.7% |
| Net interest income | -$4.01M | -$6.64M | -$6.77M | -$3.86M | +39.6% |
| Pre-tax income | -$6.34M | -$9.50M | -$31.96M | -$104.39M | +33.2% |
| Tax provision | -$1.33M | -$840.00K | -$2.93M | $6.39M | -58.7% |
| Net income | -$5.01M | -$8.66M | -$29.03M | -$110.78M | +42.1% |
| Net income to common | -$5.01M | -$8.66M | -$29.03M | -$110.78M | +42.1% |
| Basic EPS | -0.15 | -0.26 | -0.88 | -3.52 | +42.3% |
| Diluted EPS | -0.15 | -0.26 | -0.88 | -3.52 | +42.3% |
| EBIT | -$2.09M | -$2.83M | -$25.19M | -$100.52M | +26.3% |
| EBITDA | $42.95M | $42.32M | $19.95M | -$61.16M | +1.5% |
| Basic shares | 33.50M | 33.25M | 33.12M | 31.48M | +0.7% |
| Diluted shares | 33.50M | 33.25M | 33.12M | 31.48M | +0.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $13.49M | $16.23M | $11.16M | $12.70M | -16.9% |
| Cash & short-term investments | $13.49M | $16.23M | $11.16M | $12.70M | -16.9% |
| Accounts receivable | $10.63M | $16.02M | $16.06M | $16.05M | -33.7% |
| Inventory | $8.23M | $14.77M | $17.97M | $17.43M | -44.3% |
| Total current assets | $42.62M | $57.11M | $61.90M | $60.31M | -25.4% |
| Property, plant & equipment | $13.65M | $18.56M | $22.30M | $27.25M | -26.5% |
| Goodwill & intangibles | $286.40M | $319.44M | $351.51M | $404.24M | -10.3% |
| Total assets | $346.55M | $400.64M | $443.02M | $498.53M | -13.5% |
| Total current liabilities | $49.48M | $60.10M | $63.46M | $78.41M | -17.7% |
| Current debt | $20.60M | $19.88M | $17.70M | $17.70M | +3.6% |
| Long-term debt | $27.30M | $57.95M | $83.13M | $86.92M | -52.9% |
| Total debt | $56.11M | $89.11M | $115.16M | $122.61M | -37.0% |
| Total liabilities | $92.35M | $140.91M | $176.90M | $204.72M | -34.5% |
| Retained earnings | -$146.94M | -$141.94M | -$133.28M | -$104.25M | -3.5% |
| Shareholder equity | $254.19M | $259.73M | $266.12M | $293.81M | -2.1% |
| Working capital | -$6.85M | -$3.00M | -$1.57M | -$18.10M | -128.8% |
| Net tangible assets | -$32.21M | -$59.71M | -$85.39M | -$110.43M | +46.1% |
| Shares issued | 33.26M | 33.34M | 33.04M | 21.44M | -0.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$5.01M | -$8.66M | -$29.03M | -$110.78M | +42.1% |
| Depreciation & amortisation | $45.04M | $45.15M | $45.14M | $39.35M | -0.2% |
| Stock-based compensation | $2.91M | $2.98M | $3.10M | $9.93M | -2.5% |
| Change in working capital | $1.93M | $3.88M | -$6.79M | -$13.28M | -50.2% |
| Operating cash flow | $41.79M | $44.25M | $26.49M | $21.06M | -5.6% |
| Capital expenditure | -$8.84M | -$10.91M | -$11.27M | -$5.11M | +19.0% |
| Investing cash flow | -$8.84M | -$10.91M | -$11.27M | -$55.82M | +19.0% |
| Share buybacks | -$2.83M | $0 | -$605.00K | $0 | — |
| Financing cash flow | -$35.68M | -$28.26M | -$16.77M | $25.37M | -26.3% |
| Free cash flow | $32.95M | $33.33M | $15.22M | $15.95M | -1.2% |
| End cash position | $13.49M | $16.23M | $11.16M | $12.70M | -16.9% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $50.99M | $51.45M | $50.82M | $59.36M | $58.07M | — | -0.9% |
| Operating revenue | $50.99M | $51.45M | $50.82M | $59.36M | $58.07M | — | -0.9% |
| Cost of revenue | $14.63M | $13.20M | $14.01M | $19.32M | $18.03M | — | +10.8% |
| Gross profit | $36.36M | $38.25M | $36.80M | $40.04M | $40.04M | — | -4.9% |
| Research & development | $10.77M | $10.41M | $11.31M | $10.02M | $10.47M | — | +3.4% |
| Selling, general & admin | $19.73M | $21.38M | $18.97M | $20.87M | $21.94M | — | -7.7% |
| Total operating expense | $38.48M | $39.96M | $38.46M | $39.06M | $40.60M | — | -3.7% |
| Operating income | -$2.12M | -$1.72M | -$1.65M | $978.00K | -$566.00K | — | -23.2% |
| Net interest income | -$450.00K | -$476.00K | -$649.00K | -$658.00K | -$871.00K | — | +5.5% |
| Pre-tax income | -$2.92M | -$2.33M | -$2.86M | -$226.00K | -$1.71M | — | -25.3% |
| Tax provision | -$586.00K | -$336.00K | -$526.00K | -$435.00K | -$281.00K | — | -74.4% |
| Net income | -$2.33M | -$2.00M | -$2.34M | $209.00K | -$1.43M | — | -17.0% |
| Net income to common | -$2.33M | -$2.00M | -$2.34M | $209.00K | -$1.43M | — | -17.0% |
| Basic EPS | -0.07 | -0.06 | -0.07 | — | -0.04 | -0.06 | -16.7% |
| Diluted EPS | -0.07 | -0.06 | -0.07 | — | -0.04 | -0.06 | -16.7% |
| EBIT | -$2.39M | -$1.75M | -$2.07M | $581.00K | -$766.00K | — | -36.3% |
| EBITDA | $8.29M | $9.04M | $8.88M | $11.47M | $10.63M | — | -8.3% |
| Basic shares | 33.15M | 33.12M | 33.24M | — | 33.44M | 33.42M | +0.1% |
| Diluted shares | 33.15M | 33.12M | 33.24M | — | 33.44M | 33.42M | +0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $15.18M | $17.11M | $15.68M | $13.49M | $16.67M | -11.3% |
| Cash & short-term investments | $15.18M | $17.11M | $15.68M | $13.49M | $16.67M | -11.3% |
| Accounts receivable | $9.65M | $9.32M | $13.06M | $10.63M | $9.94M | +3.6% |
| Inventory | $7.35M | $7.26M | $7.55M | $8.23M | $9.72M | +1.3% |
| Total current assets | $40.69M | $39.91M | $42.71M | $42.62M | $48.36M | +1.9% |
| Property, plant & equipment | $11.60M | $11.87M | $12.53M | $13.65M | $14.82M | -2.3% |
| Goodwill & intangibles | $262.13M | $270.25M | $278.23M | $286.40M | $293.85M | -3.0% |
| Total assets | $317.42M | $325.43M | $336.83M | $346.55M | $361.44M | -2.5% |
| Total current liabilities | $45.30M | $45.80M | $49.05M | $49.48M | $55.72M | -1.1% |
| Current debt | $20.60M | $20.60M | $20.60M | $20.60M | $20.60M | 0.0% |
| Long-term debt | $11.85M | $17.00M | $22.15M | $27.30M | $32.45M | -30.3% |
| Total debt | $39.72M | $45.21M | $50.59M | $56.11M | $62.30M | -12.1% |
| Total liabilities | $69.02M | $75.39M | $85.39M | $92.35M | $106.18M | -8.4% |
| Retained earnings | -$153.61M | -$151.28M | -$149.28M | -$146.94M | -$147.15M | -1.5% |
| Shareholder equity | $248.40M | $250.04M | $251.44M | $254.19M | $255.26M | -0.7% |
| Working capital | -$4.62M | -$5.89M | -$6.34M | -$6.85M | -$7.37M | +21.7% |
| Net tangible assets | -$13.73M | -$20.21M | -$26.79M | -$32.21M | -$38.59M | +32.1% |
| Shares issued | 33.28M | 33.20M | 33.33M | 33.26M | 33.63M | +0.2% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$2.33M | -$2.00M | -$2.34M | $209.00K | -$1.43M | -17.0% |
| Depreciation & amortisation | $10.68M | $10.79M | $10.95M | $10.89M | $11.39M | -1.1% |
| Stock-based compensation | $431.00K | $830.00K | $529.00K | $625.00K | $517.00K | -48.1% |
| Change in working capital | -$2.40M | $1.04M | -$3.15M | -$3.17M | $1.07M | -330.8% |
| Operating cash flow | $5.97M | $10.13M | $4.94M | $7.13M | $10.62M | -41.0% |
| Capital expenditure | -$2.40M | -$2.09M | -$1.71M | -$2.33M | -$2.27M | -14.6% |
| Investing cash flow | -$2.40M | -$2.09M | $2.79M | -$2.33M | -$2.27M | -14.6% |
| Share buybacks | $0 | -$984.00K | -$44.00K | -$2.76M | -$78.00K | +100.0% |
| Financing cash flow | -$5.50M | -$6.60M | -$5.54M | -$8.59M | -$8.13M | +16.6% |
| Free cash flow | $3.58M | $8.04M | $3.23M | $4.79M | $8.36M | -55.5% |
| End cash position | $15.20M | $17.12M | $15.68M | $13.49M | $17.29M | -11.3% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | -0.04 | -0.07 | -75.0% |
| Dec 2025 | -0.06 | -0.06 | +4.0% |
| Sep 2025 | -0.06 | -0.07 | -25.0% |
| Jun 2025 | -0.00 | 0.01 | +600.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.07 | 5 | $51.27M | -13.6% |
| Next quarter | -0.05 | 1 | $51.61M | +1.6% |
| Current year | -0.20 | 1 | $204.54M | -13.6% |
| Next year | 0.13 | 1 | $210.66M | +3.0% |
Analyst targets & ownership
Mean target$4.00
High target$4.00
Low target$4.00
Implied upside0.50%
Analyst count1
ConsensusNONE
Strong buy / Buy2 / 3
Hold1
Sell / Strong sell0 / 0
Held by insiders26.67%
Held by institutions29.78%
Institutions holding31
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 14, 26 | Canaccord Genuity | DOWNGRADE | Speculative Buy | Hold |
| Apr 30, 25 | TD Securities | MAINTAINED | Buy | Buy |
Moving averages & technicals
SMA 10
4.08
-2.55% from price
SMA 20
4.06
-1.91% from price
SMA 50
3.95
+0.79% from price
SMA 100
3.94
+0.99% from price
SMA 200
4.39
-9.30% from price
EMA 12
4.06
-1.92% from price
EMA 26
4.04
-1.47% from price
EMA 50
4.00
-0.62% from price
RSI (14)
45.8
Neutral
MACD (12,26,9)
0.02
Hist -0.01
ATR (14)
0.09
2.24% of price
Realised vol 30D
26.0%
Annualised
Bollinger upper
4.23
20, 2σ
Bollinger lower
3.89
20, 2σ
50 / 200 cross
Death
3.95 vs 4.39
Trend bias
Below 200
-9.30%
Risk profile
Beta vs SPY
0.04
Less volatile than market
Correlation to SPY
0.01
Largely independent
Realised vol 30D
26.0%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-43.1%
Peak to trough
Max drawdown 5Y
-89.2%
Peak to trough
ATR 14
0.09
2.24% of price
Beta (reported)
1.11
5Y monthly, from filing
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-06-04
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-29
Corporate Changes & Voting Matters
6-K · 2026-05-13
Corporate Changes & Voting Matters
6-K · 2026-02-04
Corporate Changes & Voting Matters
6-K · 2025-12-16
Corporate Changes & Voting Matters
6-K · 2025-11-26
Corporate Changes & Voting Matters
6-K · 2025-11-10
Corporate Changes & Voting Matters
6-K · 2025-10-20
Headlines
Sangoma Technologies (TSX:STC) Stock Sees Fair Value Cut As Analysts Rework Assumptions
Simply Wall St. · 56d ago
3 TSX Penny Stocks With Market Caps Below CA$200M
Simply Wall St. · 72d ago
Sangoma Technologies Says CFO Larry Stock to Retire, Names Adrian Back as Interim CFO
MT Newswires · 79d ago
Top Premarket Decliners
MT Newswires · 79d ago
Sangoma Technologies Plunges Near 55%, Announces CFO Retirement
MT Newswires · 79d ago
Sangoma Announces CFO Transition: Larry Stock to Retire June 30; Adrian Back Named Interim CFO; Board Commences Search for Permanent Successor
Business Wire · 80d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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