---
schema_version: "secwatch.filing_event.v1"
accession: "0001481646-24-000018"
form_type: "8-K"
ticker: null
cik: "0001481646"
company_name: "Accolade, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:50:50.833113+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Accolade Q4 revenue $124.8M (+26% YoY), net loss $7.5M, positive Adjusted EBITDA $18.5M

## Summary
- Revenue $124.8M in Q4 FY2024, up 26% YoY; full year revenue $414.3M, up 14% YoY.
- GAAP net loss narrowed 75% to $7.5M in Q4; full year net loss $99.8M vs $459.7M prior year.
- Q4 Adjusted EBITDA turned positive at $18.5M vs $2.8M a year ago; full year loss narrowed to $7.5M from $36.5M.
- Adjusted gross margin improved to 54.2% in Q4 (from 50.5%).
- CEO guidance: approaching $500M revenue and positive full year Adjusted EBITDA in FY2025.

## SEC filing metadata
- accession: 0001481646-24-000018
- form_type: 8-K
- cik: 0001481646
- company_name: Accolade, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481646/000148164624000018/0001481646-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481646/000148164624000018/accd-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481646-24-000018
- JSON: https://secwatch.observer/filing/0001481646-24-000018.json
- Plain text: https://secwatch.observer/filing/0001481646-24-000018.txt

## Key facts
- Earnings Releases
  Accolade, Inc. reported the fiscal fourth quarter and full year ended February 29, 2024 results: revenue $124.8, net income $(7.5).
  - Period: the fiscal fourth quarter and full year ended February 29, 2024
  - Revenue: $124.8
  - Net income: $(7.5)
  - Result: reported results
  source text: (3) Twelve months ended February 28(29), % Change (3) 2024 2023 2024 2023 (in millions, except percentages) (in millions, except percentages) GAAP Financial Data: Revenue $ 124.8 $ 99.0 26 % $ 414.3 $ 363.1 14 % Net loss (1) $ (7.5) $ (30.4) 75 % $ (99.8) $ (459.7) 78 % GAAP gross profit $ 58.1 $ 40.0 45 % $ 158.8 $ 132.5 20 % GAAP gross margin 46.5% 40.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1481646/000148164624000018/0001481646-24-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.