Alithya Group Inc. (ALYA) Stock Analysis
DELISTED 2024
What happened to Alithya Group Inc. (ALYA) stock?
Alithya Group Inc. (ALYA) no longer trades on public markets. It was delisted in February 2024. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Alithya Group Inc. (ALYA) trades at $1.13. Alithya Group Inc. is a technology company providing strategy and digital transformation services across North America and Europe. Market cap: $110M, Sector: Technology.
Last analyzed: Mar 17, 2026Analyst Coverage for ALYA: ALYA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ALYA against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
ALYA: 2/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Alithya Group Inc. (ALYA) Technology Profile & Competitive Position
Alithya Group Inc. delivers strategy and digital technology services, focusing on digital transformation and enterprise solutions across diverse sectors. With a presence in Canada, the United States, and Europe, Alithya provides application, enterprise, and data analytics solutions, differentiating itself through integrated AI and testing platforms.
What Is the Investment Thesis for ALYA?
Alithya Group Inc. presents a mixed investment thesis. While the company operates in the growing digital transformation market and offers a diverse range of services, its negative profit margin of -4.5% raises concerns about profitability. The company's beta of 0.49 suggests lower volatility compared to the market. Key growth catalysts include expanding its AI-driven solutions and increasing its market share in the U.S. and European markets. The company's ability to improve its profit margins and capitalize on the increasing demand for digital transformation services will be crucial for its future performance. Investors should monitor the company's progress in achieving profitability and its success in penetrating new markets.
Based on FMP financials and quantitative analysis
ALYA Key Highlights
Market capitalization of $110M indicates a small-cap company with potential for growth.
- Negative P/E ratio of -6.06 reflects current losses, highlighting the need for improved profitability.
- Gross margin of 30.9% demonstrates the company's ability to generate revenue above the cost of goods sold.
- Beta of 0.49 suggests lower volatility compared to the overall market, potentially appealing to risk-averse investors.
- Presence in Canada, the United States, and Europe provides geographic diversification and access to multiple markets.
Who Are ALYA's Competitors?
ALYA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AIFF Firefly Neuroscience, Inc. | $1.08 | +0.00% | $16.0M | — |
| CCRC China Customer Relations Centers, Inc. | $6.50 | +0.31% | 51 | |
| NTRP NextTrip, Inc. | $1.36 | -6.21% | $9.98M | — |
| QUISF Quisitive Technology Solutions, Inc. | $0.39 | +0.00% | $108M | 40 |
| SEBFF Smart Employee Benefits Inc. | $0.22 | +0.00% | $38.1M | 46 |
| ULPRF ULS Group, Inc. | $2.49 | +0.00% | $141M | 54 |
| IAIC Information Analysis Incorporated | $4.28 | +12.34% | $81.9M | 66 |
| HLEO Helio Corporation | $3.10 | -13.89% | $80.4M | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ALYA's Key Strengths?
Comprehensive service offerings across strategy, applications, enterprise solutions, and data analytics.
- Presence in Canada, the United States, and Europe.
- Proprietary software solutions such as AI-FI and Alithya GoTest.
- Experience serving diverse industries, including financial services, energy, and healthcare.
What Are ALYA's Weaknesses?
Negative profit margin indicates challenges with profitability.
- Small market capitalization compared to larger competitors.
- Reliance on project-based revenue, which can be cyclical.
- Limited brand recognition compared to larger IT services firms.
What Could Drive ALYA Stock Higher?
Continued expansion of AI-driven solutions and services, driving revenue growth and market share.
- Potential strategic acquisitions to expand service offerings and geographic reach by Q4 2026.
- Increasing demand for digital transformation services across various industries.
- Launch of new proprietary software solutions in H2 2026, enhancing competitive advantage.
What Are the Key Risks for ALYA?
Financial-distress signal — its Altman Z-Score of 1.11 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-13.0%) — the business is not currently generating profit on shareholder capital.
- Intense competition from larger IT services firms, potentially impacting market share and profitability.
- Economic downturns that could reduce demand for IT services, affecting revenue and earnings.
- Rapid technological changes that could require significant investments in new skills and technologies.
- Cybersecurity threats that could damage the company's reputation and disrupt operations.
- Negative profit margin indicates challenges with profitability, requiring improved cost management and revenue generation.
What Are the Growth Opportunities for ALYA?
- Expansion of AI-Driven Solutions: Alithya's AI-FI solution and other AI-driven offerings present a significant growth opportunity. Alithya can capitalize on this trend by further developing and marketing its AI solutions to its existing client base and new customers.
- Increased Market Penetration in the United States: The U.S. market represents a substantial growth opportunity for Alithya. By expanding its sales and marketing efforts in the U.S., Alithya can increase its market share and revenue. The U.S. IT services market is the largest in the world, offering significant potential for growth.
- Strategic Acquisitions: Alithya can pursue strategic acquisitions to expand its service offerings, geographic reach, and client base. Acquisitions can provide access to new technologies and markets, accelerating the company's growth. The IT services industry is characterized by consolidation, and Alithya can benefit from participating in this trend.
- Focus on Cybersecurity Services: With the increasing threat of cyberattacks, the demand for cybersecurity services is growing rapidly. Alithya can expand its cybersecurity offerings to capitalize on this trend.
- Leveraging Cloud Computing Adoption: As more businesses migrate to the cloud, the demand for cloud-related services is increasing. Alithya can leverage its cloud infrastructure and expertise to provide cloud migration, management, and optimization services. The cloud computing market is experiencing rapid growth, driven by the benefits of scalability, flexibility, and cost savings.
What Are ALYA's Competitive Advantages?
- Established relationships with key clients in various industries.
- Proprietary software solutions that provide a competitive advantage.
- Expertise in specific technologies and industries.
- Geographic diversification across North America and Europe.
What Does ALYA Do?
Founded in 1992 and headquartered in Montreal, Canada, Alithya Group Inc. has evolved into a prominent provider of strategy and digital technology services. The company operates across Canada, the United States, and Europe, offering a comprehensive suite of solutions designed to help organizations navigate digital transformation. Alithya's services span strategic consulting, digital transformation, organizational performance, and enterprise architecture. Its application services include digital applications DevOps, legacy systems modernization, and cloud infrastructure. The company also offers enterprise solutions, such as enterprise resource planning (ERP), corporate performance management (CPM), customer relationship management (CRM), and human capital management (HCM). Furthermore, Alithya provides data and analytics solutions, encompassing business intelligence, data management, artificial intelligence (AI), machine learning, and the Internet of Things (IoT). Alithya serves a diverse range of industries, including financial services, energy, manufacturing, telecommunications, transportation and logistics, professional services, healthcare, and government sectors. The company's portfolio includes proprietary solutions like AI-FI, an integrated AI solution; Alithya GoTest, a testing platform; CASSI analytics for maintenance optimization; and SIDER, a secure medical results distribution system.
What Products and Services Does ALYA Offer?
- Provides strategic consulting services to help organizations develop and implement digital transformation strategies.
- Offers application services, including development, modernization, and maintenance of software applications.
- Delivers enterprise solutions, such as ERP, CRM, and HCM systems.
- Provides data and analytics solutions, including business intelligence, data management, and AI.
- Offers cloud infrastructure services, including migration, management, and optimization.
- Develops and markets proprietary software solutions, such as AI-FI and Alithya GoTest.
How Does ALYA Make Money?
- Provides IT consulting and services on a project basis.
- Offers managed services with recurring revenue streams.
- Generates revenue from software licenses and subscriptions.
- Provides training and support services.
What Industry Does ALYA Operate In?
Alithya Group Inc. operates within the competitive information technology services industry, which is experiencing rapid growth due to the increasing demand for digital transformation and cloud computing. The industry is characterized by intense competition from both large multinational corporations and smaller niche players. Alithya differentiates itself through its comprehensive service offerings and its focus on specific industries.
Who Are ALYA's Key Customers?
- Financial services companies
- Energy companies
- Manufacturing companies
- Healthcare organizations
- Government agencies
Alithya Group Inc. (ALYA) Valuation Context
Valued at $110M, ALYA is classified as a micro-cap stock.
ALYA Revenue & Earnings Trend
In Q2 2024, ALYA generated $120.9M in top-line revenue, marking a sequential increase of 0.3%. The company recorded a net loss of $2.8M, with diluted EPS of $-0.03.
Company Profile
Alithya Group Inc. operates in the Information Technology Services industry within the Technology sector. It is headquartered in Montreal, CA. The company is led by CEO Paul Raymond. ALYA has traded publicly since 1996.
Key Financial Metrics
Return on equity for Alithya Group Inc. stands at -13.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -5.9%, showing how much profit it generates from its asset base. Its free cash flow yield is 27.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.34 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -17.4%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Alithya Group Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.11 places it in the distress zone, a signal of elevated financial risk.
Forward Outlook
Wall Street analysts project Alithya Group Inc. revenue of about $582.0M for fiscal 2026, with EPS near $0.06.
ALYA Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Alithya's recent insider buying suggests confidence from those who know the company best.
- The community sentiment seems to be leaning towards optimism, possibly fueled by recent project wins.
- Positive market perception around Alithya's expansion into new sectors could drive further growth.
- Alithya's focus on digital transformation aligns with current market trends, making it an attractive investment.
Bear Case
- Some community members express concern about Alithya's ability to scale quickly enough to meet demand.
- Recent market developments suggest increased competition in the IT consulting space.
- There's a perception that Alithya's growth strategy relies heavily on acquisitions, which can be risky.
- Negative sentiment exists around potential integration challenges from acquired companies.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2024 | $121M | -$3M | -$0.03 |
| Q1 2024 | $121M | $2M | $0.02 |
Based on FMP financials and quantitative analysis
ALYA Latest News
No recent news available for ALYA.
Leadership: Paul Raymond
CEO
Paul Raymond is the CEO of Alithya Group Inc. He has extensive experience in the IT services industry. His background includes various leadership roles in technology consulting and software development companies. He has a proven track record of driving growth and innovation. Raymond's expertise lies in strategic planning, business development, and operational management. He is responsible for overseeing the company's overall strategy and execution.
Track Record: Under Paul Raymond's leadership, Alithya Group Inc. has expanded its service offerings and geographic reach. He has overseen the development of proprietary software solutions and the acquisition of strategic assets. Raymond has focused on improving the company's profitability and efficiency. He has also emphasized the importance of innovation and customer satisfaction.
What Investors Ask About Alithya Group Inc. (ALYA) — Technology
What happened to Alithya Group Inc. (ALYA) stock?
Alithya Group Inc. (ALYA) no longer trades on public markets. It was delisted in February 2024. The figures below are historical and are not a current quote.
Can I still buy ALYA shares?
No. ALYA stopped trading on public markets in February 2024, so the shares are not available through a broker. Anything you see quoted for ALYA elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before ALYA stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Alithya Group Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Alithya Group Inc. do?
Alithya Group Inc. is a technology company that provides strategy and digital technology services to businesses across various industries. The company offers a comprehensive suite of services, including strategic consulting, application development, enterprise solutions, and data analytics. Alithya helps organizations navigate digital transformation, improve operational efficiency, and gain a competitive advantage through technology. The company serves clients in Canada, the United States, and Europe.
What do analysts say about ALYA stock?
Analyst coverage of Alithya Group Inc. (ALYA) is limited, but the general sentiment reflects cautious optimism. Key valuation metrics suggest that the stock may be undervalued, considering its growth potential in the digital transformation market. However, the company's negative profit margin raises concerns about its financial performance.
What are the main risks for ALYA?
Alithya Group Inc. faces several risks, including intense competition from larger IT services firms, economic downturns that could reduce demand for IT services, rapid technological changes that could require significant investments in new skills and technologies, and cybersecurity threats that could damage the company's reputation.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- AI analysis is pending and may provide further insights.
- Analyst opinions may vary.