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Investor Relations14 Oct 2025
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VIQ Solutions (VQS) investor relations material
VIQ Solutions Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary14 Aug, 2025
Executive summary
Achieved fifth consecutive quarter of positive adjusted EBITDA, reaching $1M, up 24% year over year, with margin expansion and largest SaaS deployment to date supporting a shift to a higher-margin, subscription-based model.
AI-driven workflow automation and operational efficiencies drove margin improvements, cost reductions, and underpinned long-term growth.
Signed largest SaaS contract, deploying NetScribe across nine judicial districts and 22 counties, accelerating the SaaS transition.
Secured $1.9M in new bookings in H1 2025, including $280K in SaaS and software sales.
Financial highlights
Q2 2025 revenue was $10.4M, down 10% year over year; H1 2025 revenue was $20M, down 7% year over year, reflecting lower volume and negative FX impact.
Q2 2025 gross margin rose to 48% from 45.5% year over year; H1 2025 gross margin at 50%, up from 44.9% year over year.
Q2 2025 adjusted EBITDA was $1M, up from $800K in Q2 2024; H1 2025 adjusted EBITDA was $1.8M, up from $700K.
Net loss for Q2 2025 was $900K; H1 2025 net loss was $2.8M, impacted by $2M in non-cash expenses and FX fluctuations.
H1 2025 positive cash flow from operations totaled $1M; ended Q2 2025 with $1.1M in cash.
Outlook and guidance
Focus remains on expanding gross margins, achieving sustainable operations, and free cash flow in 2025 and beyond.
Continued investment in automation, AI, and operational efficiency to drive long-term value and scalability.
Management expects continued margin improvement and financial flexibility to reinvest in growth, but cautions on risks and uncertainties.
Elaborate on the largest SaaS contract signed in June.
Discuss the impact of foreign exchange on financials.
Explain the strategy to reach free cash flow in 2025.
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Next VIQ Solutions earnings date
Q3 202512 Nov, 2025
Next VIQ Solutions earnings date
Q3 202512 Nov, 2025
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Frequently asked questions
VIQ Solutions Inc. is a global provider of digital evidence capture, retrieval, and content management solutions. The company's proprietary digital investigation platform, QuaDAR (Quarantine and Data Analysis Response), is designed to perform high density, multi-point 3D imaging of mobile devices, while concurrently removing all data irrelevant to law enforcement investigations. The company's products enable law enforcement officers to manage their digital media with an automated workflow that captures, indexes, and returns evidentiary assets to their jurisdictions in a rapid, secure manner. VIQ Solutions Inc. have deployed systems in Australia, New Zealand, the United States, Canada, and the United Kingdom.
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