The earnings call reflects a strong focus on operational efficiencies and strategic growth, particularly in SaaS adoption and gross margin expansion. However, there are concerns regarding revenue decline and increased net loss due to foreign exchange impacts. Overall, the company is making progress towards sustainable margin expansion and positive cash flow.

Company Guidance

In the second quarter of 2025, VIQ Solutions reported a continuation of positive financial momentum with a fifth consecutive quarter of positive adjusted EBITDA, reaching approximately $1 million, which is a 24% increase year-over-year. The gross margin expanded to 48% from 45.5% in Q2 2024, and for the first half of the year, it was nearly 50%, up from 44.9% in the same period last year. Despite a 10% year-over-year decline in revenue to $10.4 million due to decreased volumes and negative foreign exchange impacts, the company achieved an 11% decline in SG&A expenses. A significant milestone in SaaS adoption was marked in June with the signing of its largest SaaS contract to date, deploying the NetScribe platform across nine judicial districts and 22 countries in the U.S. Midwest. The company secured $1.85 million in net new bookings in H1 2025, including $280,000 in SaaS and software sales. VIQ ended Q2 with $1.1 million in cash, generating $0.3 million in positive cash flow from operations. Despite a net loss of $0.9 million, which was $0.3 million higher than in 2024, VIQ remains focused on achieving sustainable operations and free cash flow through gross margin expansion.

Consistent Positive Adjusted EBITDA

Q2 2025 marked the fifth consecutive quarter of positive adjusted EBITDA, approximately $1 million, up 24% year-over-year.

Gross Margin Expansion

Gross margin expanded to 48% in Q2 2025, compared to 45.5% in Q2 2024, and nearly 50% during the first half of 2025, up from 44.9% for the same period last year.

Largest SaaS Contract Signed

In June, VIQ signed its largest SaaS contract to date, deploying the NetScribe platform across 9 judicial districts and 22 countries in the U.S. Midwest.

Operational Efficiency in Australia

Australia achieved its highest level of workforce flexibility and efficiency, contributing significantly to margin improvement.

SG&A Decline

SG&A expenses declined 11%, reflecting organizational restructuring and disciplined expense management.

Positive Cash Flow from Operations

The company generated $0.3 million in positive cash flow from operations in Q2 2025 and $1 million during the first half of 2025.

VIQ Solutions (TSE:VQS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:VQS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	- / -	-0.036	―	―	―
Aug 13, 2025	2025 (Q2)	- / -0.02	-0.021	-14.29% (>-0.01)	―	―
May 13, 2025	2025 (Q1)	- / -0.05	-0.039	-30.77% (-0.01)	―	―
Mar 28, 2025	2024 (Q4)	- / -0.10	-0.135	28.57% (+0.04)	―	―
Nov 12, 2024	2024 (Q3)	- / -0.04	-0.152	76.36% (+0.12)	―	―
Aug 13, 2024	2024 (Q2)	- / -0.03	-0.138	79.00% (+0.11)	―	―
May 13, 2024	2024 (Q1)	- / -0.05	-0.138	61.00% (+0.08)	―	―
Mar 27, 2024	2023 (Q4)	-0.08 / -0.10	-0.09	-8.89% (>-0.01)	―	―
Nov 11, 2023	2023 (Q3)	-0.07 / -0.15	-0.055	-175.00% (-0.10)	―	―
Aug 14, 2023	2023 (Q2)	-0.10 / -0.14	-0.152	9.09% (+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:VQS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	C$0.20	C$0.22	+10.00%
May 13, 2025	C$0.20	C$0.18	-10.00%
Mar 28, 2025	C$0.20	C$0.20	0.00%
Nov 12, 2024	C$0.24	C$0.24	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does VIQ Solutions (TSE:VQS) report earnings?

VIQ Solutions (TSE:VQS) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is VIQ Solutions (TSE:VQS) earnings time?

VIQ Solutions (TSE:VQS) earnings time is at Nov 06, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is TSE:VQS EPS forecast?

Currently, no data Available

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