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Company price
2.57 CAD -0.01 ( 0.39%)
Last update at 2026-11-03T20:54:00Z
VOLUME
4276
Market Cap
61.35M

Momentum Score

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VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, Australia, and internationally. The company offers digital advertising services comprising direct advertising campaigns; programmatic advertising, such as monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos. It also provides e-commerce solutions that monetize content through arrangements in respect of commissions and referral payments with e-commerce merchants, brands, and marketplaces. The company focuses on hyper-specific subjects that engender strong affinity from online communities of super fans, experts, pros, hobbyists, and armchair analysts. Its brands include communities for watch geeks, audio nerds, motorheads, fitness-obsessed, mountain bikers, DIYers, deal junkies, and enthusiasts. VerticalScope Holdings Inc. was founded in 1999 and is headquartered in Toronto, Canada.

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Day Price Range
2.45
Low
2.57
High
52 Week Price Range
2.40
Low
5.11
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

VerticalScope Holdings operates a network of enthusiast online communities and marketplaces across automotive, powersports, outdoors and other niche verticals, monetizing through advertising, subscriptions, lead generation and classifieds. Long-term growth may be supported by ads recovery, expansion of subscriptions and marketplaces and SEO-driven audience scale; investors may find the business attractive for its recurring revenue and high-engagement audiences.

Key risks include reliance on search-engine and social-platform traffic and ad markets, sensitivity to ad-market cyclicality, competition from larger platforms and evolving privacy or moderation rules that could hurt traffic or monetization.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
2.58
Dividend Yield
-
Revenue TTM
58.15M
Revenue Per Share
2.70
Gross Profit TTM
31.48M
Debt / Equity
0.61
ROE
-10.16%
Net Debt
29.03M
ROCE
-4.16%
Diluted EPS TTM
-0.51

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -8.05M 1.75M -7.87M -27.11M -14.09M
Net income -8.16M -0.02M -4.95M -24.77M -12.26M
Selling general administrative 34.48M 36.97M 4.01M 62.19M 50.66M
Selling and marketing expenses - - 4.52M - -
Gross profit -1.00M 40.96M 34.22M 80.49M 65.76M
Reconciled depreciation 21.18M 17.89M 21.32M 38.66M 20.64M
Ebit -4.98M 5.79M -2.77M -20.29M -6.76M
Ebitda 16.57M 23.68M 18.55M 18.36M 13.88M
Depreciation and amortization 21.55M 17.89M 21.32M 38.66M 20.64M
Operating income -4.98M 7.32M -2.99M -20.29M -6.76M
Other operating expenses 64.14M 61.73M 63.89M 100.85M 71.29M
Interest expense 3.23M 4.05M 5.09M 3.16M 3.79M
Tax provision 0.11M 1.76M -2.92M -2.33M -1.83M
Interest income 0.12M 4.06M 0.01M 2.87M 0.04M
Net interest income -3.06M -5.54M -5.09M -3.09M -5.02M
Income tax expense 0.11M 1.76M -2.92M -2.33M -1.83M
Total revenue 59.16M 69.05M 60.90M 80.49M 65.76M
Total operating expenses 3.98M 33.63M 37.21M 100.85M 71.29M
Cost of revenue 60.16M 28.10M 26.68M - -
Total other income expense net -3.08M -5.58M -4.88M -6.81M -7.33M
Net income from continuing ops -8.02M -0.02M -4.95M -24.77M -12.26M
Net income applicable to common shares - -0.02M -4.95M -24.77M -12.26M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 132.10M 132.41M 152.95M 177.56M 217.03M
Intangible assets 25.80M 37.60M 52.48M 70.58M 98.81M
Other current assets 0.58M - 2.77M 1.24M 1.30M
Total liab 56.96M 49.72M 72.27M 96.06M 120.79M
Total stockholder equity 75.14M 82.69M 80.69M 81.50M 96.24M
Other current liab 0.32M 0.15M 0.23M 15.55M 8.99M
Common stock 159.09M - 167.71M 160.56M 160.18M
Capital stock 159.38M 163.25M 167.71M 160.56M 160.18M
Retained earnings -107.09M -105.83M -109.31M -104.28M -79.51M
Other liab - - - 9.65M 16.76M
Good will 54.81M 52.64M 52.64M 52.64M 53.44M
Other assets - - - 24.31M 22.25M
Cash 16.51M 5.19M 6.02M 8.77M 20.49M
Total current liabilities 12.46M 10.20M 11.79M 29.01M 24.32M
Current deferred revenue 1.01M - 1.16M 0.89M 1.03M
Net debt 29.03M 33.50M 55.51M 52.87M 63.56M
Short term debt 1.07M - 4.84M 4.24M 4.35M
Short long term debt 0.62M 0.69M 3.61M 3.21M 3.15M
Short long term debt total 45.54M - 61.52M 61.64M 84.06M
Other stockholder equity 23.28M - 22.44M 25.31M 15.57M
Property plant equipment - - - 2.81M 3.62M
Total current assets 32.66M 22.03M 22.53M 26.29M 37.92M
Long term investments - - - 0.00M 1.00M
Net tangible assets - - - -41.72M -56.00M
Net receivables 15.57M 14.52M 15.57M 16.28M 16.13M
Long term debt 44.00M 38.00M 54.43M 54.88M 75.97M
Inventory - - -1.82M - -
Accounts payable 10.07M 6.86M 5.56M 8.33M 9.95M
Accumulated other comprehensive income -0.15M - -0.15M -0.09M 0.00M
Non currrent assets other 0.07M 0.15M 0.28M 1.25M 1.59M
Non current assets total 99.44M 110.37M 130.42M 151.26M 179.11M
Capital lease obligations 1.00M 2.13M 3.48M 3.55M 4.94M
Long term debt total - - - 57.40M 79.71M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.00M -2.13M -17.07M -9.66M -87.76M
Change to liabilities - - - -0.78M -0.56M
Total cashflows from investing activities -11.08M -2.13M -17.07M -9.66M -87.76M
Net borrowings 5.56M -19.77M -1.00M -22.23M -24.79M
Total cash from financing activities 3.66M -23.38M -1.13M -22.47M 84.40M
Change to operating activities - - - -0.08M -0.72M
Net income -8.16M -0.02M -4.95M -24.77M -12.26M
Change in cash 10.97M -0.83M -2.75M -11.73M 15.89M
Begin period cash flow 5.54M 6.02M 8.77M 20.49M 4.60M
End period cash flow 16.51M 5.19M 6.02M 8.77M 20.49M
Total cash from operating activities 18.87M 24.77M 15.51M 20.64M 19.60M
Issuance of capital stock - - - 0.00M 110.31M
Depreciation 21.55M 17.89M 21.32M 38.66M 20.64M
Other cashflows from investing activities - 0.01M 0.19M 0.06M -64.07M
Change to inventory - - -1.56M - -
Change to account receivables -0.17M -1.39M 1.56M -0.48M 2.85M
Sale purchase of stock -1.88M -2.10M -0.13M -0.43M 110.46M
Other cashflows from financing activities -0.57M -1.50M 15.71M 0.81M 28.88M
Change to netincome - - - 8.10M 9.67M
Capital expenditures 1.34M 2.16M 2.26M 9.72M 23.69M
Change in working capital 2.97M -0.32M -1.07M -1.35M 1.56M
Stock based compensation 2.57M 4.09M 4.52M 9.81M 6.13M
Other non cash items 2.77M 1.36M -1.40M 0.62M 5.36M
Free cash flow 17.53M 22.61M 13.25M 10.92M -4.09M

Peer Comparison*

Sector: Communication Services Industry: Internet Content & Information

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
FORA
VerticalScope Holdings Inc
-0.01
0.39%
2.57 - 24.10 1.06 0.58 1.26 4.47
GOOG
Alphabet CDR (CAD Hedged)
0.71
1.61%
44.90 29.35 27.86 13.32 9.27 9.79 21.82
META
Meta CDR (CAD Hedged)
0.52
1.58%
33.38 27.30 21.46 11.82 7.48 8.49 16.13
EGLX
Enthusiast Gaming Holdings Inc
-0.01
16.67%
0.03 - 4.67 0.25 3.57 1.52 -2.46

Profile*

VerticalScope Holdings Inc

VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, Australia, and internationally. The company offers digital advertising services comprising direct advertising campaigns; programmatic advertising, such as monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos. It also provides e-commerce solutions that monetize content through arrangements in respect of commissions and referral payments with e-commerce merchants, brands, and marketplaces. The company focuses on hyper-specific subjects that engender strong affinity from online communities of super fans, experts, pros, hobbyists, and armchair analysts. Its brands include communities for watch geeks, audio nerds, motorheads, fitness-obsessed, mountain bikers, DIYers, deal junkies, and enthusiasts. VerticalScope Holdings Inc. was founded in 1999 and is headquartered in Toronto, Canada.

111 Peter Street, Toronto, ON, Canada, M5V 2H1

416 341 7166

159

Name Title Year Born
Mr. Robert Laidlaw Founder, CEO & Director 1983
Mr. Christopher Goodridge Pres & COO 1976
Mr. Vincenzo Bellissimo Chief Financial Officer 1976
Mr. Brandon Seibel Chief Technology Officer 1983
Ms. Diane Yu Chief Legal Officer & Corp. Sec. 1977
Ms. Kendal Clarke Chief Commerce Officer 1986
Mr. Joe Pishgar Chief Community Officer 1981
Mr. Paul Lee Chief Product Officer NA
Mr. Robert Laidlaw Founder, CEO & Chair of the Board 1983
Mr. Christopher Goodridge President & COO 1976

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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