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    Software - Application
VIQ Solutions Inc.

VIQ Solutions Inc.

VQS.TO
VIQ Solutions Inc.CA flagToronto Stock Exchange
0.19
CAD
- -
- -
9.84MMarket Cap
VIQ Solutions Inc.
VQS.TO
(Toronto Stock Exchange)

Recent

price

0.19

P/E

ratio

- -

div

yld

- -

ROIC.AI

2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
TTM
FRC
3.4
2.46
2.61
2.93
3.36
3.5
2.23
2
1.46
1.4
1.64
1.42
2.57
1.76
1.17
1.45
1.13
Revenue per Share
-0.27
-0.06
-0.22
-0.62
0.02
-0.05
-0.22
-0.2
-0.15
-0.15
-0.12
-0.75
-0.46
-0.62
-0.74
-0.28
-0.38
Basic EPS, GAAP
-0.05
-0.13
-0.1
-0.32
0.11
-0.09
-0.09
-0.12
-0.15
-0.09
-0.31
-0.43
-0.24
0.09
-0.4
-0.17
-0.13
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.64
-1.28
-1.66
-2.35
-2.14
-2.21
-2.28
-2.29
-2.42
-2.07
0.53
-0.12
-0.23
0.82
0.65
0.35
0.03
Book Value per Share
-0.31
0.27
0.14
-0.17
0.45
0.43
0.18
0.11
0.07
0.21
0.58
-1.6
-1.26
0.04
-0.2
-0.23
-0.32
Tangible Book Value per Share
4
4
4
4
4
5
5
5
5
6
7
8
10
18
26
32
36
Basic Weighted Avg Shares
12
10
11
12
15
16
10
9
7
9
12
11
25
32
31
46
41
Sales/Revenue/Turnover
-6.37
-1.02
-7.74
-13.61
1.16
-0.76
-11.76
-10.86
-11.39
-9.93
-6.73
-26.36
-11.26
-6.12
-59.35
-26.62
-30.95
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
4
5
5
6
7
Depreciation Expense
-1
- -
-1
-3
- -
- -
-1
-1
-1
-1
-1
-6
-5
-11
-20
-9
-14
Net Income, GAAP
- -
- -
- -
- -
28.87
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-7.93
-2.37
-8.58
-21.12
0.49
-1.56
-9.87
-9.83
-10.46
-11.02
-7.26
-52.92
-18.03
-35.1
-63.38
-18.99
-33.2
Profit Margin (%)
-2
- -
- -
-2
1
1
- -
-1
- -
1
4
-5
-3
13
8
-8
-1
Working Capital
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8
10
12
13
1
11
LT Debt
1
3
3
1
4
4
2
1
1
3
7
3
2
20
22
16
9
Total Equity
- -
- -
- -
- -
3.79
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
-1.93
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-122.73
-61.88
-196.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'23
Jun'23
Sep'23
ST Debt
1
1
- -
LT Borrowings
9
9
11
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
40
41
Market Capitalization
11
11
6

Working Capital

FRC

•

in mil. unless spec.
Mar'23
Jun'23
Sep'23
Total Current Assets
10
9
9
Cash, Cash Equivalents & STI
3
2
2
Accounts Receivable, Net
5
5
5
Inventories
- -
- -
- -
Total Current Liabilities
9
10
10
Payables & Accruals
6
7
7
ST Debt
1
1
- -
Deferred Revenue
2
2
2

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
87.28%
139.83%
-29.18%
Free Cash Flow
-61.59%
-194.43%
-49.75%
Net Income, GAAP
104.79%
150.9%
-55.76%
Sales/Revenue/Turnover
17.74%
37.72%
47.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
8
8
7
8
31
2022
12
12
12
10
46
2023
10
11
10
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
-0.07
-0.42
-0.15
- -
-0.74
2022
-0.07
-0.11
-0.04
- -
-0.28
2023
-0.1
-0.1
-0.11
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
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Business
VIQ Solutions Inc. (TSX-V: VQS) operates as a global provider of secure, AI-driven digital voice and video capture technology and transcription services for courts, law enforcement, legal, insurance, government, media, corporate finance, and related sectors. The company develops, distributes, and licenses computer-based digital solutions through its Technology and Related Revenue segment, including CapturePro for secure capture, creation, and management of large volumes of audio and video information; MobileMic Pro for capturing incident reports, recorded statements, and case notes; NetScribe, a comprehensive transcription creation and management platform with an enhanced Advanced Formatter for streamlining complex legal documents; aiAssist, a multi-tenant workflow and analysis platform for managing and analyzing audio-visual content; FirstDraft for converting audio files to text; AccessPoint, a secure online portal for court recording management, playback, and distribution; and Carbon, a media-centric web-based platform utilizing automatic speech-to-text. Its Technology Services segment delivers recording and transcription services, enhanced by human-in-the-loop expertise and vertical-specific AI to improve efficiency, accuracy, and accessibility of evidentiary content. VIQ Solutions maintains operations in Australia, the United States, the United Kingdom, Canada, and internationally from its headquarters in Mississauga, Ontario, Canada, where it was founded in 2004. In recent developments, the company completed an upsized non-brokered private placement in November 2025, raising additional gross proceeds of approximately C$585,000 in the second tranche following an initial C$2 million close in October 2025, with significant insider participation to support strategic initiatives. VIQ transitioned its common shares listing from the Toronto Stock Exchange to the TSX Venture Exchange in October 2025, alongside receiving conditional approval and voluntarily delisting from the TSX to align with operational goals. It announced the development of VIQ SmartAudit, an advanced AI-powered verification and quality-assurance technology for enhancing transcription accuracy across business lines, slated for mid-2026 release, and continues to integrate global systems into its Australian operations while reporting improved gross margins and Adjusted EBITDA for the nine months ended September 30, 2025.