Renoworks Achieves Sixth Consecutive Quarter of Profitability, Boosted by Strong Recurring Revenue
Calgary-based Renoworks Software Inc. has announced strong financial performance for the third quarter of 2025, driven by a strategic shift toward recurring revenue streams. The company saw its total revenue rise 15% year-over-year to $6 million. This growth was significantly bolstered by a 36% increase in licensing and hosting revenue.
CEO Doug Vickerson attributes this success to the growing adoption of AI-driven solutions, which are enhancing the predictability and scalability of Renoworks' revenue model. The company also reported a net income of $113,070 for the nine months ending September 30, 2025, marking its sixth consecutive quarter of profitability.
These developments align with Calgary's broader economic narrative of a rapidly expanding tech sector, particularly in AI. Calgary has seen the fastest tech job growth rate among major North American hubs for two years running. Local companies are increasingly integrating AI into construction and home renovation to improve efficiency and address housing demands. Renoworks' continued investments in artificial intelligence and platform enhancements position it for sustained growth as it strengthens its presence in the home renovation and construction sectors, contributing to Calgary's dynamic innovation economy.
