The earnings call highlighted significant growth in FirstDraft adoption, improved EBITDA and gross margin, and strategic efficiency gains in Australia. However, challenges such as revenue decline due to foreign exchange, backlog issues, and an unchanged net loss tempered the outlook.

Company Guidance -

Q2 2025

During the VIQ Solutions 2025 First Quarter Earnings Conference Call, the company provided several key metrics indicating a positive trajectory. FirstDraft's output in Australia saw a significant year-over-year increase of 232%, showcasing the impact of their platform strategy. The U.K. also experienced an 80% rise in FirstDraft's usage for human editing, contributing to an overall 39% increase in FirstDraft adoption, which has driven productivity and financial margin gains. The company's gross margin improved to 51.9%, up from 44.3% the previous year, reflecting cost efficiencies and increased automation. VIQ Solutions reported an adjusted EBITDA of $872,000, a substantial improvement from a loss of $83,000 in the same quarter last year. Despite a 3.5% decline in revenue due to foreign exchange headwinds, the company maintained stable volume and price increases on a constant currency basis. These advancements underscore VIQ's shift to margin-led execution, with strategic priorities on sustaining gross margin, driving operational efficiency, and expanding SaaS growth.

Significant Growth in FirstDraft Adoption

FirstDraft output in Australia grew over 232% year-over-year, and overall FirstDraft adoption increased by 39% year-over-year, contributing to productivity and financial margin gains.

Improved EBITDA and Gross Margin

The company delivered an adjusted EBITDA of almost $900,000, a significant improvement from a loss of $83,000 a year ago. Gross margin in Q1 hit 51.9%, up 7.6% from 44.3% in Q1 of last year.

Cost Control and Efficiency Gains

Achieved greater workforce flexibility and lower unit production costs, with automation and AI improving cost per unit profitability.

Strategic Inflection Point in Australia

Australia's FirstDraft volume increased by 232% year-over-year, and editing efficiency improved by 13.25%, reflecting workforce optimization.

Multilingual Capabilities and Margin Expansion

Multilingual capabilities contributed to a 17% uplift in overall margin, with a 26% year-over-year increase in foreign language margin contribution.

VIQ Solutions (TSE:VQS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:VQS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 18, 2025	2025 (Q2)	- / -	-0.021	―	―	―
May 13, 2025	2025 (Q1)	- / -0.05	-0.039	-30.77% (-0.01)	―	―
Mar 28, 2025	2024 (Q4)	- / -0.10	-0.133	28.57% (+0.04)	―	―
Nov 12, 2024	2024 (Q3)	- / -0.04	-0.149	76.36% (+0.11)	―	―
Aug 13, 2024	2024 (Q2)	- / -0.03	-0.136	79.00% (+0.11)	―	―
May 13, 2024	2024 (Q1)	- / -0.05	-0.136	61.00% (+0.08)	―	―
Mar 27, 2024	2023 (Q4)	-0.08 / -0.10	-0.09	-8.89% (>-0.01)	―	―
Nov 11, 2023	2023 (Q3)	-0.07 / -0.15	-0.054	-175.00% (-0.10)	―	―
Aug 14, 2023	2023 (Q2)	-0.10 / -0.14	-0.149	9.09% (+0.01)	―	―
May 11, 2023	2023 (Q1)	-0.14 / -0.14	-0.095	-42.86% (-0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:VQS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 13, 2025	C$0.20	C$0.18	-10.00%
Mar 28, 2025	C$0.20	C$0.20	0.00%
Nov 12, 2024	C$0.24	C$0.24	0.00%
Aug 13, 2024	C$0.24	C$0.24	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does VIQ Solutions (TSE:VQS) report earnings?

VIQ Solutions (TSE:VQS) is schdueled to report earning on Aug 18, 2025, TBA (Confirmed).

What is VIQ Solutions (TSE:VQS) earnings time?

VIQ Solutions (TSE:VQS) earnings time is at Aug 18, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is TSE:VQS EPS forecast?

Currently, no data Available

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