VerticalScope Holdings Inc.

TSX:FORA Stock Report

Market Cap: CA$59.8m

VerticalScope Holdings Past Earnings Performance

Past criteria checks 0/6

VerticalScope Holdings has been growing earnings at an average annual rate of 21.7%, while the Interactive Media and Services industry saw earnings growing at 19.7% annually. Revenues have been declining at an average rate of 2.4% per year.

Key information

21.72%

Earnings growth rate

21.21%

EPS growth rate

Interactive Media and Services Industry Growth21.76%
Revenue growth rate-2.41%
Return on equity-12.02%
Net Margin-15.54%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article May 15

Earnings Release: Here's Why Analysts Cut Their VerticalScope Holdings Inc. (TSE:FORA) Price Target To CA$4.47

VerticalScope Holdings Inc. ( TSE:FORA ) just released its latest first-quarter report and things are not looking...
Analysis Article Jan 17

VerticalScope Holdings Inc. (TSE:FORA) Investors Are Less Pessimistic Than Expected

It's not a stretch to say that VerticalScope Holdings Inc.'s ( TSE:FORA ) price-to-sales (or "P/S") ratio of 0.7x seems...
Analysis Article Mar 29

VerticalScope Holdings Inc. (TSE:FORA) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

VerticalScope Holdings Inc. ( TSE:FORA ) shareholders won't be pleased to see that the share price has had a very rough...
Analysis Article Feb 28

We Think VerticalScope Holdings (TSE:FORA) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Feb 07

There's Reason For Concern Over VerticalScope Holdings Inc.'s (TSE:FORA) Massive 25% Price Jump

VerticalScope Holdings Inc. ( TSE:FORA ) shares have continued their recent momentum with a 25% gain in the last month...
User avatar
New Narrative Feb 06

Investments In AI And Blockchain Will Elevate Future User Engagement

Strong MAU growth and user interest in authentic content are likely to boost digital advertising revenue.
Analysis Article Dec 03

VerticalScope Holdings (TSE:FORA) Shareholders Will Want The ROCE Trajectory To Continue

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Nov 14

VerticalScope Holdings Inc.'s (TSE:FORA) Share Price Could Signal Some Risk

When you see that almost half of the companies in the Interactive Media and Services industry in Canada have...
Analysis Article Jul 30

Does VerticalScope Holdings (TSE:FORA) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Jun 26

VerticalScope Holdings Inc.'s (TSE:FORA) Share Price Could Signal Some Risk

When close to half the companies in the Interactive Media and Services industry in Canada have price-to-sales ratios...
Analysis Article May 10

Earnings Beat: VerticalScope Holdings Inc. (TSE:FORA) Just Beat Analyst Forecasts, And Analysts Have Been Lifting Their Forecasts

VerticalScope Holdings Inc. ( TSE:FORA ) just released its quarterly report and things are looking bullish. Revenues...
Analysis Article Mar 16

VerticalScope Holdings Inc. (TSE:FORA) Analysts Are Pretty Bullish On The Stock After Recent Results

Shareholders will be ecstatic, with their stake up 59% over the past week following VerticalScope Holdings Inc. 's...
Analysis Article Feb 23

Some Shareholders Feeling Restless Over VerticalScope Holdings Inc.'s (TSE:FORA) P/S Ratio

It's not a stretch to say that VerticalScope Holdings Inc.'s ( TSE:FORA ) price-to-sales (or "P/S") ratio of 1x seems...
Analysis Article Nov 10

VerticalScope Holdings Inc.'s (TSE:FORA) Shares May Have Run Too Fast Too Soon

With a median price-to-sales (or "P/S") ratio of close to 1.1x in the Interactive Media and Services industry in...
Analysis Article Mar 10

Here's What Analysts Are Forecasting For VerticalScope Holdings Inc. (TSE:FORA) After Its Yearly Results

Shareholders might have noticed that VerticalScope Holdings Inc. ( TSE:FORA ) filed its full-year result this time last...

Revenue & Expenses Breakdown

How VerticalScope Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:FORA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2656-957
31 Dec 2558-867
30 Sep 2563-597
30 Jun 2566-497
31 Mar 2568-1107
31 Dec 2469097
30 Sep 2467377
30 Jun 2465176
31 Mar 2463-186
31 Dec 2361-597
30 Sep 2362-7107
30 Jun 2366-12128
31 Mar 2373-17159
31 Dec 2280-25189
30 Sep 2283-32219
30 Jun 2277-28208
31 Mar 2270-25218
31 Dec 2166-12177
30 Sep 2165-2107
30 Jun 2164-197
31 Mar 2162256
31 Dec 2057-256
31 Dec 1958-266
31 Dec 1868-1495

Quality Earnings: FORA is currently unprofitable.

Growing Profit Margin: FORA is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: FORA is unprofitable, but has reduced losses over the past 5 years at a rate of 21.7% per year.

Accelerating Growth: Unable to compare FORA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FORA is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-2.1%).


Return on Equity

High ROE: FORA has a negative Return on Equity (-12.02%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/05 03:48
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

VerticalScope Holdings Inc. is covered by 8 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David McFadgenATB Cormark
Gabriel LeungBeacon Securities Limited
Aravinda GalappatthigeCanaccord Genuity