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VIQ Solutions
VIQ Solutions (VQS) investor relations material
VIQ Solutions Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary26 May, 2026
Executive summary
Revenue reached $9.8 million for Q1 2026, up 2% year-over-year, driven by higher hardware sales and favorable foreign exchange rates.
Adjusted EBITDA rose 45% to $1.3 million, marking the eighth consecutive quarter of positive Adjusted EBITDA.
Strategic focus shifted to North America and the UK after placing the Australian division into voluntary administration.
Financial highlights
Gross margin was 50.8%, slightly down from 51.9% in Q1 2025 due to a prior period contract reversal.
Net income for Q1 2026 was $137,564, compared to a net loss of $1,868,382 in Q1 2025.
Adjusted EBITDA for Q1 2026 was $1,261,087, up from $872,119 in Q1 2025.
Revenue and adjusted EBITDA excluding the Australian division were $4.9 million and $0.8 million, respectively.
Outlook and guidance
Management expects improved Adjusted EBITDA for the remainder of 2026 as operations are streamlined in North America and the UK.
Sale of the Australian business is anticipated to complete in Q2 2026.
Forward-looking statements highlight expectations for margin improvement and productivity gains.
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Latest events from VIQ Solutions
- Board and shareholders approved all proposals, with AI-driven strategy fueling positive 2024 outlook.VQS
AGM 202415 May 2026 - Directors elected, auditors approved, and strong financial turnaround highlighted for 2024.VQSAGM 202515 May 2026
- Gross margin rose to 49.1% and Adjusted EBITDA surged 152% despite impairment charges.VQSQ4 20258 Apr 2026
- Q2 revenue up 10%, gross margin near 46%, Adjusted EBITDA up 181%, but liquidity risks persist.VQSQ2 202417 Feb 2026
- Q3 2024 delivered 10% revenue growth, margin gains, and a 158% Adjusted EBITDA increase.VQSQ3 202417 Feb 2026
- Gross margin hit 51.9% in Q1 2025, with SaaS adoption up and ongoing liquidity risks.VQSQ1 202517 Feb 2026
- Adjusted EBITDA up 24% and gross margin at 48% in Q2 2025, amid revenue decline and liquidity risks.VQSQ2 202517 Feb 2026
- Q3 2025 saw $10.9M revenue, higher EBITDA, but ongoing losses and liquidity concerns.VQSQ3 202517 Feb 2026
- $6M EBITDA turnaround, 5% revenue growth, and SaaS expansion drive margin gains in 2024.VQSQ4 202425 Dec 2025
Next VIQ Solutions earnings date
AGM 202625 Jun, 2026
VIQ Solutions
Next VIQ Solutions earnings date
AGM 202625 Jun, 2026
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@ankurshah47_ x.com
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Amina0781App Store
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@theshortbearx.com
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