Business
VIQ Solutions Reports Adjusted EBITDA Up 264% and 152% for the Three months and Year Ended December 31, 2025
Revenue of $10.6 million and $41.5 million for the three months and year ended December 31, 2025,...
About this update from Viq Solutions Inc.
[{"type":"text","content":"VIQ Solutions Reports Adjusted EBITDA Up 264% and 152% for the Three months and Year Ended December 31, 2025Revenue of $10.6 million and $41.5 million for the three months and year ended December 31, 2025, with gross margins up 7.1% and 4.6%, respectively.Adjusted EBITDA of $1.8 million and $5.0 million for the three and twelve months ended December 31, 2025, up 264% and 152% vs the comparable periods in 2024 (see \"Non-IFRS Measures\").The Company posted its seventh straight quarter of positive Adjusted EBITDA underscoring consistent progress.In Q425, VIQ secured a software license deal with an existing customer for $304k. This underscores the confidence placed in the Company by its customers in solving their technological requirements.In October and November 2025, VIQ closed an insider led oversubscribed private placement of $1.8M to fund growth and technology enhancements.The Company recorded total non-cash impairment charges of $9.1 million due to expected reduced revenue growth rates as a result of data privacy incidents in the performance of Australian-based transcription services. Richmond Hill, Ontario--(Newsfile Corp. - March 31, 2026) - VIQ Solutions Inc. (TSXV: VQS) (\"VIQ\" or \"the Company\"), a global leader in AI-powered digital documentation, today announced financial results for the three months and year ended December 31, 2025. The Company reported continued margin expansion, with its seventh consecutive quarter of positive Adjusted EBITDA.Three Months Ended December 31, 2025 Financial Highlights Revenue: $10.6 million, which included a six-figure software license sale to an existing customer.Gross Margin: 49.0%, up from 41.9% for the same period in the prior year, driven by productivity gains and higher margin gains from software license sales.Adjusted EBITDA: $1.8 million, an increase of 264% from the same period in the prior year. Adjusted Operating Loss: $9.3 million, compared to $3.4 million from the same period in the prior year (see \"Non-IFRS Measures\"). Year Ended December 31, 2025 Financial Highlights Revenue: $41.5 million, a decrease of 4%, from the same period in the prior year, attributed largely to revenue reductions from late delivery fees and abatements in our Australian operations.Gross Margin: 49.1%, up from 44.5% from the same period in the prior year, driven by automation and pro...