VIQ SOLUTIONS INC (VQSSF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 17, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2022, filed Apr 13, 2023. Each column of the statement tables below links to the filing it was taken from.
VIQ SOLUTIONS INC (VQSSF) reported $45.8M in revenue for fiscal year 2022, up 47.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue expansion is paired with recurring cash outflows and a sharp working-capital squeeze, not self-funded operating scale.
The 2022 earnings recovery did not represent cash-flow recovery: net margin improved to-19.0% from-63.4% , yet operating cash flow remained negative at-$2.3M . That gap indicates the reduction in accounting losses was not accompanied by conversion of sales into internally generated cash.
The balance sheet became more dependent on near-term funding: current ratio fell from 1.7x in FY2021 to 0.5x in FY2022, leaving current liabilities above current assets. Meanwhile, total assets contracted to
Free cash flow was weaker than operating cash flow in FY2022 because capital expenditures rose to
Financial Health Signals
VIQ SOLUTIONS INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
VIQ SOLUTIONS INC passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
VIQ SOLUTIONS INC reported a net loss of $8.7M while operations used $2.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2022.
Cash & Balance Sheet
VIQ SOLUTIONS INC held $1.7M in cash against $719K in long-term debt as of Q4 2022, with $17.2M of liabilities due within a year.
Not reported for Q4 2022.
Not reported for Q4 2022.
Margins & Returns
None of these metrics is reported for Q4 2022.
Capital Allocation
None of these metrics is reported for Q4 2022.
VQSSF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
VQSSF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K |
|---|---|---|---|---|
| Total Assets | $35.5M-26.0% | $48.0M+12.4% | $42.7M+105.7% | $20.8M |
| Current Assets | $9.2M-49.9% | $18.3M-15.4% | $21.6M | N/A |
| Cash & Equivalents | $1.7M-84.3% | $10.6M-37.1% | $16.8M+885.9% | $1.7M |
| Inventory | $38K-23.7% | $50K+0.4% | $49K | N/A |
| Accounts Receivable | $5.3M-5.2% | $5.6M+25.0% | $4.5M+41.2% | $3.2M |
| Goodwill | $12.0M-3.2% | $12.4M+78.3% | $7.0M+62.4% | $4.3M |
| Total Liabilities | $19.9M-23.2% | $25.9M+13.1% | $22.9M+23.6% | $18.6M |
| Current Liabilities | $17.2M+62.1% | $10.6M+24.8% | $8.5M+6.6% | $8.0M |
| Non-Current Liabilities | $2.7M-82.2% | $15.3M+6.1% | $14.4M+36.3% | $10.6M |
| Long-Term Debt | $719K-20.2% | $901K+273.8% | $241K-96.3% | $6.5M |
| Total Equity | $15.6M-29.2% | $22.1M+11.6% | $19.8M+795.1% | $2.2M |
| Retained Earnings | -$63.7M-15.8% | -$55.0M-55.7% | -$35.3M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
VQSSF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
VQSSF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.53), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| VIQ SOLUTIONS INC VQSSF | FY2022 | $45.8M | -$8.7M | -19.0% | $4.3M | — |
| LYTUS TECHS HLDGS PTV LYTHF | FY2025 | $23.2M | $829K | 3.6% | $5.4M | — |
| RAADR INC RDAR | FY2015 | N/A | N/A | N/A | $1.4M | — |
Where VIQ SOLUTIONS INC Ranks
Frequently Asked Questions
What is VIQ SOLUTIONS INC's annual revenue?
VIQ SOLUTIONS INC (VQSSF) reported $45.8M in total revenue for fiscal year 2022. This represents a 47.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is VIQ SOLUTIONS INC's revenue growing?
VIQ SOLUTIONS INC (VQSSF) revenue grew by 47.7% year-over-year, from $31.0M to $45.8M in fiscal year 2022.
Is VIQ SOLUTIONS INC profitable?
No, VIQ SOLUTIONS INC (VQSSF) reported a net income of -$8.7M in fiscal year 2022, with a net profit margin of -19.0%.
How much debt does VIQ SOLUTIONS INC have?
As of fiscal year 2022, VIQ SOLUTIONS INC (VQSSF) had $1.7M in cash and equivalents against $719K in long-term debt.
What is VIQ SOLUTIONS INC's net profit margin?
VIQ SOLUTIONS INC (VQSSF) had a net profit margin of -19.0% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is VIQ SOLUTIONS INC's return on equity (ROE)?
VIQ SOLUTIONS INC (VQSSF) has a return on equity of -55.6% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
What is VIQ SOLUTIONS INC's free cash flow?
VIQ SOLUTIONS INC (VQSSF) recorded an outflow of $3.5M in free cash flow during fiscal year 2022. This represents a 57.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is VIQ SOLUTIONS INC's operating cash flow?
VIQ SOLUTIONS INC (VQSSF) recorded an outflow of $2.3M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
What are VIQ SOLUTIONS INC's total assets?
VIQ SOLUTIONS INC (VQSSF) had $35.5M in total assets as of fiscal year 2022, including both current and long-term assets.
What are VIQ SOLUTIONS INC's capital expenditures?
VIQ SOLUTIONS INC (VQSSF) invested $1.2M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
What is VIQ SOLUTIONS INC's current ratio?
VIQ SOLUTIONS INC (VQSSF) had a current ratio of 0.53 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is VIQ SOLUTIONS INC's debt-to-equity ratio?
VIQ SOLUTIONS INC (VQSSF) had a debt-to-equity ratio of 0.05 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VIQ SOLUTIONS INC's return on assets (ROA)?
VIQ SOLUTIONS INC (VQSSF) had a return on assets of -24.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is VIQ SOLUTIONS INC's P/E ratio?
VIQ SOLUTIONS INC (VQSSF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2022). The market capitalization is $4.3M as of Sep 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VIQ SOLUTIONS INC's price-to-sales ratio?
VIQ SOLUTIONS INC (VQSSF) trades at 0.1x sales, its market capitalization divided by revenue of $45.8M revenue, FY2022. The market capitalization is $4.3M as of Sep 17, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VIQ SOLUTIONS INC's Piotroski F-Score?
VIQ SOLUTIONS INC (VQSSF) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VIQ SOLUTIONS INC's earnings high quality?
VIQ SOLUTIONS INC (VQSSF) reported a net loss of $8.7M while operations used $2.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.