SANG
Sangoma Technologies Corporation
NasdaqGSUSDEQUITY
Technology
DELAYED
Buy
+39/100
Last price
4.85
▲ 0.02 (0.41%)
MARKET · —
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
Vol —
vs
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Open
—
Prev close
4.83
Day high
4.86
Day low
4.77
Volume
79.57K
Market cap
$162.55M
P/E (TTM)
—
52W range
3.40 – 5.42
Trailing performance
Returnvs SPY
1W
-1.62%
-3.6%
1M
+30.73%
+29.6%
3M
+22.78%
+18.3%
6M
+28.65%
+10.5%
YTD
-4.34%
-18.6%
1Y
-7.97%
-24.4%
3Y
+39.77%
-42.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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.
Free account
5 more panels on SANG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
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
8.92M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 25, 26 | Reburn (Samantha) Senior Officer of Issuer |
— | 325 | — | Direct |
| Sep 25, 26 | Salameh (Charles) Director of Issuer |
— | 2.70K | — | Direct |
| Sep 25, 26 | Wubs (Jeremy) Senior Officer of Issuer |
— | 1.10K | — | Direct |
| Sep 4, 26 | Reburn (Samantha) Senior Officer of Issuer |
— | 7.62K | — | Direct |
| Sep 4, 26 | Salameh (Charles) Director of Issuer |
— | 27.83K | — | Direct |
| Sep 4, 26 | Wubs (Jeremy) Senior Officer of Issuer |
— | 11.86K | — | Direct |
| 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 | Reburn (Samantha) Senior Officer of Issuer |
— | 1.99K | — | 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 |
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 | 29.23K | Exercise of rights |
Salameh (Charles) |
Director of Issuer | 408.08K | 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 | 75.94K | Exercise of rights |
Fundamentals
Market cap$162.55M
Enterprise value$186.17M
Revenue (TTM)$200.06M
Gross profit$140.66M
EBITDA$4.93M
Net income$-81.09M
EPS (TTM)$-2.44
Free cash flow$28.86M
Total cash$10.49M
Total debt$34.18M
Book value / share$5.24
Shares outstanding33.50M
Float25.73M
Short % of float—
Dividend yield0.00%
Beta (5Y)1.02
Valuation & profitability ratios
Trailing P/E—
Forward P/E37.31
PEG ratio—
Price / sales—
Price / book0.93
EV / revenue0.93
EV / EBITDA37.76
Gross margin70.31%
Operating margin-17.39%
Profit margin-40.53%
Return on equity-37.82%
Return on assets-2.93%
Debt / equity19.57
Current ratio0.78
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 | 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 | -16.7% |
| Diluted EPS | -0.07 | -0.06 | -0.07 | — | -0.04 | -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 | +0.1% |
| Diluted shares | 33.15M | 33.12M | 33.24M | — | 33.44M | +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% |
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.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.07 | -2.19 | -3,028.6% |
| 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 | $49.89M | -1.8% |
| Next quarter | -0.09 | 2 | $50.54M | -1.8% |
| Current year | -0.24 | 5 | $204.48M | -13.6% |
| Next year | -0.16 | 3 | $208.51M | +1.0% |
Analyst targets & ownership
Mean target$5.20
High target$5.20
Low target$5.20
Implied upside7.22%
Analyst count1
ConsensusUNDERPERFORM
Strong buy / Buy1 / 0
Hold1
Sell / Strong sell2 / 0
Held by insiders26.63%
Held by institutions29.00%
Institutions holding29
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
4.35
+11.42% from price
SMA 20
3.97
+22.20% from price
SMA 50
3.98
+22.00% from price
SMA 100
3.89
+24.78% from price
SMA 200
4.20
+15.49% from price
EMA 12
4.40
+10.20% from price
EMA 26
4.13
+17.51% from price
EMA 50
4.02
+20.67% from price
RSI (14)
76.3
Overbought
MACD (12,26,9)
0.27
Hist 0.15
ATR (14)
0.20
4.14% of price
Realised vol 30D
96.0%
Annualised
Bollinger upper
5.18
20, 2σ
Bollinger lower
2.76
20, 2σ
50 / 200 cross
Death
3.98 vs 4.20
Trend bias
Above 200
+15.49%
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.
Risk profile
Beta vs SPY
-0.04
Less volatile than market
Correlation to SPY
-0.01
Largely independent
Realised vol 30D
96.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-36.1%
Peak to trough
Max drawdown 5Y
-89.2%
Peak to trough
ATR 14
0.20
4.14% of price
Beta (reported)
1.02
5Y monthly, from filing
Short interest
Shares short
193.11K
Prior 190.02K
Change vs prior
+1.6%
Shorts adding
% of float
—
—
% of shares out
0.58%
Against total outstanding
Days to cover
48.5
Crowded exit
Float
25.73M
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.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 29, 26 | TD Securities | DOWNGRADE | Buy | Sell |
| May 14, 26 | Canaccord Genuity | DOWNGRADE | Speculative Buy | Hold |
| Apr 30, 25 | TD Securities | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend dateFeb 17, 2006
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-10-02
Corporate Changes & Voting Matters
6-K · 2026-09-29
Periodic Financial Reports
40-F · 2026-09-28
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
Headlines
Sangoma Technologies (TSX:STC) Stock Sees Fair Value Moves Lower After Analyst Revisions
Simply Wall St. · 6d ago
Sangoma Stock Explodes 35% After $204 Million Buyout Deal
GuruFocus.com · 8d ago
S&P/TSX Composite Index Higher Mid-Morning Tuesday as Information Technology Shares Shine
MT Newswires · 8d ago
Sangoma Technologies Agrees to $204 Million Acquisition by BRC Group
MT Newswires · 8d ago
BRC to Acquire Sangoma at Enterprise Value of $204 Million in Cash and Stock
MT Newswires · 8d ago
Sangoma Technologies stock surges over 40% on BRC acquisition deal
Investing.com · 9d ago
Sangoma Technologies Fiscal Q4 Swings to Loss, Revenue Falls; Enters Deal to Be Acquired
MT Newswires · 9d ago
Sangoma Technologies Corporation Enters into Definitive Agreement to be Acquired by BRC Group Holdings, Inc.
Business Wire · 9d ago
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