Franklin Covey Reports Q4 2026 Results with Revenue Decline Amid Contract Timing Shifts
Franklin Covey (FC) reported fourth-quarter fiscal 2026 revenue of $261.5 million, a 2% decline compared to the previous year. The decrease was attributed to the timing of large contracts, lower subscription invoicing, and reduced material sales. Despite the top-line dip, Adjusted EBITDA saw a slight increase to $28.9 million, supported by efficiency measures that reduced operating SG&A expenses by 4%. The company showed strength in its Enterprise North America segment, where invoiced amounts grew 4% and deferred revenue surged 17%, signaling a strong pipeline for fiscal 2027. While the Education division faced headwinds due to delayed statewide contracts, the 'Leader in Me' program achieved its highest school retention rate since 2022. Looking ahead, Franklin Covey provided optimistic guidance for fiscal 2027, projecting revenue growth of approximately 3% and Adjusted EBITDA growth of roughly 9% at the midpoint.
Tickers: $FC
Topics: deferred revenue EBITDA growth enterprise revenue revenue decline
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