Alithya Group Inc. Company Analysis & Research
Alithya Group is a digital transformation and high value consulting partner specializing in enterprise cloud platforms, AI enabled solutions and industry specific IP. The company provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.
Alithya is pursing its shift toward higher-value, complex transformation projects with strong bookings momentum. The company trades at a P/S of 0.3x compared to 0.7x for peers and 1.9x for the wider North American IT industry, trading significantly below analyst price targets.
Company Overview
Founded: 1992. Headquarters: Montreal, Canada. Revenue: C$489.5M (TTM). Employees: 1000-5000. Market Cap: C$165M. Ticker: ALYA (TSX).
Industry
IT Services & Digital Transformation Consulting
Cyborg Score: 4/10 — Mixed
Turnaround-stage IT services firm with strong bookings and strategic positioning, but challenged by inconsistent profitability and below-market revenue growth.
The company shows meaningful top line scale paired with still pressured margins that keep profitability on the watchlist for investors. Trailing twelve month revenue has hovered around C$468.7M to C$489.5M with basic EPS swinging between small profits and losses of C$0.27.
Key Strategic Insights for Alithya Group Inc.
- Delivered C$130.9M in new bookings in Q3 2026 while maintaining strong cash position
- Quarterly revenues at C$115.2M show flat year-over-year performance, indicating revenue stabilization after prior volatility
- 84.8% of Q1 2026 revenues were generated from existing clients, demonstrating strong customer retention
- Company announced spin-off of Datum Consulting Group equity interests, refocusing on core higher-value AI and transformation services
Recent Developments
- (Feb 2026) Q3 2026 results reported with flat revenue of C$115.2M but improved net earnings to C$0.7M
- (Feb 2026) Announced Datum Consulting Group spin-off agreement to focus on higher-value strategic partnerships
- (Q2 2026) Revenues grew 11.5% to C$124.3M with strong booking momentum in transformation projects
- (Dec 2025) Appointed David Torralbo to leadership team to strengthen strategic direction
Competitors & Competitive Landscape
- CGI Inc. — Large-cap IT services and consulting
- Booz Allen Hamilton — Strategic consulting and defense IT contractor
- Levio — Boutique digital transformation specialist
Alithya competes against industry giants such as Booz Allen and CGI, as well as specialized firms like Levio and Cofomo. The company focuses on higher-value transformation and AI-driven solutions to differentiate in a crowded market where larger competitors dominate traditional IT services.
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