Q2 2026 Altus Group Ltd Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: MXN709.91

Transcript

Key Points

Positve

Altus Group Ltd (ASGTF) delivered strong Q2 2026 results with revenue growing 6% and adjusted EBITDA increasing 34%, with margins expanding by 540 basis points.
The company's flagship software offerings, Argus Intelligence and VMS, continue to drive growth, with software revenue growing double-digits for the second consecutive quarter and VMS revenue up 7%.
Altus Group Ltd (ASGTF) has successfully completed its portfolio simplification ahead of schedule, completing four divestitures and monetizing its legacy interest in the Gio Vera joint venture.
The company is seeing improved sales execution, with software cross-sell up 3 times year-over-year and net revenue retention at a healthy 106.9%.
Altus Group Ltd (ASGTF) raised its full-year revenue outlook by 25 basis points and increased its margin expansion outlook by 60 basis points, reflecting confidence in its growth trajectory.
The acquisition of Valis.AI is a strategic tuck-in that strengthens Altus Group Ltd (ASGTF)'s position in the lender-valuator workflow, adds differentiated AI capabilities, and expands its international footprint.
Altus Group Ltd (ASGTF) has returned over $450 million to shareholders year-to-date, reducing its share count by roughly 20%, and remains committed to returning additional capital.
The company is making progress towards its Rule of 40 target sooner than anticipated, driven by both margin expansion and accelerating revenue growth.

Negative

Net income declined year-over-year, driven by unfavorable foreign exchange swings of approximately $10.7 million and one-time costs of $5.2 million related to strategic corporate initiatives.
Services revenue declined year-over-year, and even excluding the divested 1/11 business, revenue would have been down modestly.
The company's data segment, while trending in the right direction, is still expected to only return to low single-digit growth, remaining a drag on overall growth.
Altus Group Ltd (ASGTF) faces a challenging macro environment with higher-for-longer interest rates, which could continue to pressure certain parts of the business like VMS.
The company's Q3 2026 results will face a difficult comparison as Q3 2025 benefited from pricing actions on a large cohort of Argus Enterprise renewals.
The Valis.AI acquisition, while strategically important, is not material to financial guidance, indicating it will have a limited near-term financial impact.
The company's growth is still heavily reliant on the software segment, with other areas like data and services contributing less to the overall growth profile.

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

AIF.TO - Altus Group Ltd
Q2 2026 Altus Group Ltd Earnings Call
Aug 06, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, thank you for joining us and welcome to ALIS Groups quarter 2, 2026 financial results conference call.

And webcast.

After today's prepared remarks, we will host a question-and-answer session.

If you would like to ask a question, please press 1 to raise your hand.

To withdraw your question, pressar 1 again.

I will now hand the conference over.

To Camila Batoshevich, Chief Communications Officer.

Camilla, please go ahead.

Thank you, operator.

Hi everyone, and welcome to the conference call and webcast discussing Alice Group's second quarter results for the period ended June 30th, 2026.

Or press release, MD&A financial

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.