Coveo Solutions Inc (FRA:I94)

Q2 2026 Coveo Solutions Inc Earnings Call Transcript

Oct 30, 2025 / 09:00 PM GMT

Release Date Price: €4.76 (-2.06%)

Transcript

Key Points

Positve

Coveo Solutions Inc (CVOSF) reported subscription revenue growth of 17%, marking the highest growth rate in nearly five quarters.
The company achieved a record quarter for generative AI solutions, with customer and revenue growth of approximately 150% compared to the prior year.
Commerce remains the fastest-growing segment, driving nearly 50% of new business bookings this quarter.
Coveo Solutions Inc (CVOSF) maintained near-perfect retention rates with a net expansion rate (NER) of more than 150% for generative AI solutions.
The company has a strong cash position with $108 million in cash and no debt, providing financial stability.

Negative

The net expansion rate (NER) decreased to 105% from 108% last quarter, partly due to a renegotiated customer contract with Salesforce.
Cash flow from operating activities was negative $10.8 million, compared to a positive $1.4 million last year, mainly due to the timing of working capital.
The company adjusted its full-year revenue guidance to the lower end of the previously issued range due to the renegotiated Salesforce contract and measured second-half bookings expectations.
Some deals that were forecasted to close in Q2 were delayed to Q3 and beyond, requiring additional stakeholder approvals.
Revenue from the Cubit platform decreased by 24% year over year, and the company expects this revenue to fully churn by the end of the fiscal year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CVO.TO - Coveo Solutions Inc
Q2 2026 Coveo Solutions Inc Earnings Call
Oct 30, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and welcome to the Corvao second quarter fiscal 2026 Financial Results conference call.

At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question answer session. If at any time during this call you require immediate assistance, please press 00 for the operator. This call is being recorded on October 30, 2025. I would now like to turn the conference over to Amir Kate, head of investor relations. Please go ahead.

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Unidentified_2 [2]
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Good afternoon everyone, and thank

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