v3.26.1
SEGMENT REPORTING (Tables)
 9 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
There are no differences in measurement between the segment profit measure used by CODM and condensed consolidated income before income taxes. The following schedule reconciles the total of reportable segments’ gross profit and significant expenses to consolidated income before income taxes for the three and nine months ended May 31, 2026, and May 31, 2025, respectively.
Three Months Ended May 31, 2026Three Months Ended May 31, 2025
(in thousands)Software Services TotalSoftware Services Total
Revenue$12,608 $9,278 $21,886 $12,615 $7,748 $20,363 
Less:
Cost of revenue (1)1,513 5,246 6,759 2,540 4,791 7,331 
Gross Profit11,095 4,032 15,127 10,075 2,957 13,032 
Gross Margin88 %43 %69 %80 %38 %64 %
Less:
Research and Development3,406 1,216 
Sales and Marketing2,538 2,680 
General and administrative (2)4,684 6,141 
Impairments— 77,221 
Income (loss) from operations4,499 (74,226)
Add:
Interest income and other, net344 170 
Gain (loss) on disposal of fixed assets6 (23)
(Loss) gain on currency exchange(43)35 
Income (loss) before income taxes$4,806 $(74,044)
(1) Cost of revenue for the three months ended May 31, 2026, and May 31, 2025, includes $1.1 million and $1.9 million, respectively of amortization within our Software reportable segment.
(2) General and administrative for the three months ended May 31, 2026, and May 31, 2025, includes less than $0.1 million and $0.1 million of depreciation and $0.3 million and $0.3 million of amortization, respectively.
Nine Months Ended May 31, 2026Nine Months Ended May 31, 2025
(in thousands)Software Services TotalSoftware Services Total
Revenue$36,126 $28,472 $64,598 $36,814 $24,905 $61,719 
Less:
Cost of revenue (1)4,573 17,864 22,437 7,765 17,577 25,342 
Gross Profit31,553 10,608 42,161 29,049 7,328 36,377 
Gross Margin87 %37 %65 %79 %29 %59 %
Less:
Research and Development9,856 5,207 
Sales and Marketing8,647 9,248 
General and administrative (2)12,816 16,089 
Impairments— 77,221 
Income (loss) from operations10,842 (71,388)
Add:
Interest income and other, net899 483 
Change in value of contingent consideration— 640 
Gain (loss) on disposal of fixed assets6 (23)
(Loss) income on currency exchange(85)22 
Income (loss) before income taxes$11,662 $(70,266)
(1) Cost of revenue for the nine months ended May 31, 2026 and May 31, 2025, includes $3.3 million and $5.6 million, respectively of amortization within our Software reportable segment.
(2) General and administrative for the nine months ended May 31, 2026 and May 31, 2025, includes $0.2 million and $0.3 million of depreciation and 758000 and $1.0 million of amortization, respectively.
Schedule of Revenue from External Customers by Products and Services
Revenue by lifecycle solution area and offering type (Software and Services):
For the three months ended
(in thousands)May 31, 2026% of total*May 31, 2025% of total
Discovery$2,484 20 %$2,527 20 %
Development 9,813 78 %9,631 77 %
Clinical Operations277 2 %416 3 %
Commercialization34 — %41 — %
Total Software12,608 100 %12,615 100 %
Discovery— — %— — %
Development 7,255 78 %5,768 74 %
Commercialization2,023 22 %1,980 26 %
Total Services9,278 100 %7,748 100 %
Total $21,886 100 %$20,363 100 %
For the nine months ended
(in thousands)May 31, 2026% of total*May 31, 2025% of total
Discovery$6,540 18 %$6,130 17 %
Development 28,497 79 %27,513 75 %
Clinical Operations992 3 %2,995 8 %
Commercialization97 — %176 — %
Total Software36,126 100 %36,814 100 %
Discovery35 — %50 — %
Development 21,407 75 %18,651 75 %
Commercialization7,030 25 %6,204 25 %
Total Services28,472 100 %24,905 100 %
Total $64,598 100 %$61,719 100 %
*Percentages may not add due to rounding
Schedule of Geographical Revenues
The Company allocates revenues to geographic areas based on the locations of its customers. Geographical revenues for the three and nine months ended May 31, 2026, and May 31, 2025, were as follows:
(in thousands)Three Months Ended
May 31, 2026May 31, 2025
$% of total* $% of total
Americas$16,062 73 %$14,544 71 %
EMEA3,581 16 %3,698 18 %
Asia Pacific2,243 10 %2,121 11 %
Total$21,886 100 %$20,363 100 %
(in thousands)Nine Months Ended
May 31, 2026May 31, 2025
$% of total*$% of total
Americas$46,085 71 %$45,125 73 %
EMEA12,673 20 %11,224 18 %
Asia Pacific5,840 9 %5,370 9 %
Total$64,598 100 %$61,719 100 %
*Percentages may not add due to rounding