ALYAFOTCServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Alithya Group inc

Alithya Group inc. is a Québec-based IT services and consulting company that designs and implements digital transformation, enterprise systems, cloud, data, and AI solutions for organizations. Its business is organized around reportable service segments that deliver advisory, implementation, and managed technology services across North America and other international markets.

Revenue489m USD
Operating profit (EBIT)-14.8m USD
EBIT margin-3.0%
Net income-22.1m USD
Free cash flow37.7m USD

Fiscal year 2025 · change from previous year

Development 2025–2025

-2000200400600m USD2025: 489 m USD2025: EBIT -15 m USD2025489-15
RevenueOperating profit (EBIT)

Business

Share of revenue
Enterprise Transformation60 %

Consulting and implementation services that help clients redesign processes and systems.

Industry Services and Solutions40 %

Sector-focused digital, cloud, and advisory services tailored to client industries.

AI and IP Solutions0 %

Reusable tools and intellectual property applied to service delivery and automation.

Customers

Alithya serves organizations that need help modernizing business systems, moving workloads to the cloud, and improving operating processes through digital services. Its clients appear to span public and private sector organizations and industry verticals that value advisory depth, implementation capability, and ongoing technology support.

Enterprise clients

Large organizations buying transformation, cloud, and systems integration services.

Industry-focused clients

Customers in targeted verticals that need sector-specific consulting and delivery.

Cloud migration buyers

Organizations moving applications and infrastructure to AWS or Microsoft Azure.

AI and automation adopters

Clients using AI-enabled solutions and IP to improve service delivery efficiency.

Strategy

Alithya’s stated strategy centers on scaling through organic growth and acquisitions while increasing the mix of higher-value services. It also emphasizes AI, intellectual property, and smart shoring to improve delivery efficiency and strengthen its position as a trusted technology advisor.

Organic growth in higher-value servicesShort term

Improves client mix and supports a more differentiated advisory position.

Strategic acquisitionsMedium term

Add market presence, enterprise solutions capability, and specialized expertise.

AI and intellectual property utilizationMedium term

Can increase delivery efficiency and improve margins in service execution.

Smart shoring expansionMedium term

Accesses larger, more cost-competitive talent pools for delivery.

Geography

Alithya operates in North America and international markets, with a Québec base and a stated ambition to expand its North American and international presence. The report excerpts do not provide an authoritative revenue-by-country breakdown, so the business should be viewed as geographically diversified across the markets where it delivers consulting and managed services.

Risks

Alithya is exposed to competitive pressure from large consulting firms, systems integrators, software vendors, cloud providers, and local boutique firms. Because it sells professional services, execution quality, talent retention, and client demand for discretionary technology projects all materially affect revenue visibility and operating leverage.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Competitive pricing pressure1Talent availability and retention2Acquisition integration risk3Client project demand cyclicality4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Competitive pricing pressureImpact: HighLikelihood: High

    The company competes against firms with overlapping advisory and delivery capabilities.

    Exposure: Professional services and systems integration

  2. Talent availability and retentionImpact: HighLikelihood: High

    Service capacity depends on recruiting, training, and keeping skilled professionals.

    ExposureConsultingCloudAI delivery
  3. Acquisition integration riskImpact: MediumLikelihood: Medium

    Growth strategy depends partly on acquiring and integrating complementary businesses.

    Exposure: North American and international expansion

  4. Client project demand cyclicalityImpact: MediumLikelihood: Medium

    Technology consulting spend can vary with client budgets and transformation timing.

    Exposure: Enterprise transformation projects

Accounting

Judgemental items
Revenue recognition

Consulting and implementation work may be recognized over time, affecting timing of reported revenue.

Impact: Quarterly comparability and project margin analysis

Goodwill and intangibles

Acquisitions create balances that may later require impairment testing.

Impact: Potential non-cash charges if expected benefits weaken

Critical estimates

Management notes that judgment and assumptions materially affect reported amounts.

Impact: Sensitivity in accruals, valuations, and estimates

Segment reporting

Operating income excludes head office, acquisition, and reorganization items.

Impact: Affects how investors compare underlying segment performance

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026