VerticalScope Holdings, Inc.

VerticalScope Holdings, Inc.

2.81
CAD
-0.03
(-1.06%)
-0.51EPS
56.12MMarket Cap
Nov 10Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.47
2.96
2.89
3.18
3.78
2.85
3.23
2.7
2.56
Basic EPS, GAAP
-0.72
-0.09
-0.08
-0.59
-1.16
-0.23
- -
-0.37
-0.36
Free Cash Flow per Basic Share
0.16
0.55
0.48
-0.2
0.51
0.62
1.07
0.8
0.54
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
-1.17
-1.14
4.52
3.84
3.73
3.86
3.48
3.31
Tangible Book Value per Share
- -
-4.16
-3.4
-2.63
-1.97
-1.13
-0.35
-0.25
-0.02
Basic Weighted Avg Shares
20
20
20
21
21
21
21
22
22
Sales/Revenue/Turnover
68
58
57
66
80
61
69
58
55
Operating Margin (%)
-12.64
3.68
6.3
-8.41
-25.29
-6.64
10.6
-8.41
-9.1
Depreciation Expense
38
22
20
21
39
21
18
21
21
Net Income, GAAP
-14
-2
-2
-12
-25
-5
- -
-8
-8
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
100.91
- -
- -
Profit Margin (%)
-20.63
-2.97
-2.64
-18.65
-30.78
-8.13
-0.02
-13.8
-14.01
Working Capital
- -
- -
6
13
-3
11
12
20
11
LT Debt
- -
106
96
80
57
57
39
45
32
Total Equity
- -
-23
-23
96
81
81
83
75
72
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
-0.05
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
-0.04
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
-27.87
-6.11
-0.02
-10.16
-10.37

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
44
44
32
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
50
45
40

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
33
34
28
Cash, Cash Equivalents & STI
16
20
7
Accounts Receivable, Net
14
12
19
Inventories
- -
- -
- -
Total Current Liabilities
12
13
17
Payables & Accruals
10
11
15
ST Debt
1
1
1
Deferred Revenue
1
1
1

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-109.94%
-8.96%
Free Cash Flow
- -
-88.3%
-24.71%
Net Income, GAAP
- -
10,221.62%
50,468.56%
Sales/Revenue/Turnover
- -
2.24%
-15.79%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
17
18
20
69
2025
14
15
15
15
58
2026
12
14
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
0.02
0.06
-0.03
- -
2025
-0.11
-0.08
-0.02
-0.16
-0.37
2026
-0.14
-0.04
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Christopher Goodridge
Full Time Employees
154
Sector
Technology services
Industry
Packaged software
Address
111 Peter Street Toronto ON Canada M5V 2H1
IPO Date
Jun 15, 2021
Business
VerticalScope Holdings Inc. (TSX: FORA) operates a cloud-based digital community platform powering online enthusiast communities focused on hyper-specific consumer interests such as watches, audio equipment, automotive, fitness, mountain biking, DIY projects, deals, and hobbies. The company delivers digital advertising services including direct campaigns, programmatic advertising with display and video impression monetization via private marketplaces and guaranteed deals, and custom content solutions encompassing branded product reviews, articles, email features, and short-form videos; it also provides e-commerce solutions through affiliate commissions, referral payments, and subscription revenue streams. Targeting highly engaged audiences of super fans, experts, hobbyists, and enthusiasts who exhibit strong affinity and high consumer spending, VerticalScope serves advertisers, brands, and community members across approximately 1,200 online communities generating over 90 million monthly active users. Founded in 1999 and headquartered at 111 Peter Street, Suite 600, Toronto, Ontario, Canada, the company maintains geographic operations in the United States, Canada, the United Kingdom, and internationally, with additional offices in Mountain View, California; Estonia; and the Cayman Islands. In recent developments, VerticalScope completed four acquisitions year-to-date through April 2025 totaling US$7.3 million to expand its community portfolio and enhance performance via platform integration, while refinancing its senior secured credit facility with Capital One and renewing its normal course issuer bid for up to 931,151 subordinate voting shares. The company appointed new executives including a COO and CTO in 2025 to drive strategic initiatives, reported 41% e-commerce revenue growth in Q2 2025 partly from the Ritual acquisition integration, and issued a revised full-year 2025 outlook projecting Adjusted EBITDA of US$21-24 million amid Google algorithm impacts on traffic.