VerticalScope Holdings Inc. (TSX:FORA)

VerticalScope Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	58.15	69.05	60.9	80.49	65.76
Revenue Growth (YoY)	-15.79%	13.39%	-24.34%	22.39%	15.53%
Gross Profit	58.15	69.05	60.9	80.49	65.76
Selling, General & Admin	31.9	32.88	32.16	43.56	37.35
Depreciation & Amortization Expenses	21.18	17.89	21.32	38.66	20.64
Other Operating Expenses	9.96	10.96	10.41	22.3	15.27
Total Operating Expenses	63.04	61.73	63.89	104.52	73.25
Operating Income	-4.89	7.32	-2.99	-24.03	-7.49
Interest Expense	-3.06	-5.68	-5.09	-3.09	-6.07
Other Non-Operating Income (Expense)	-0.44	-0.17	-0.15	0.02	0.29
Total Non-Operating Income (Expense)	-3.5	-5.86	-5.24	-3.07	-5.78
Pretax Income	-8.39	1.47	-8.23	-27.1	-13.27
Provision for Income Taxes	0.11	1.76	-2.92	-2.33	-1.83
Net Income	-8.02	-0.02	-4.95	-24.77	-12.26
Net Income to Common	-8.02	-0.02	-4.95	-24.77	-12.26
Shares Outstanding (Basic)	22	22	21	21	21
Shares Outstanding (Diluted)	22	22	21	21	21
Shares Change (YoY)	0.06%	0.96%	0.24%	3.08%	51.48%
EPS (Basic)	-0.37	-	-0.23	-1.16	-0.59
EPS (Diluted)	-0.37	-	-0.23	-1.16	-0.59
Free Cash Flow	17.23	22.88	13.25	10.92	-4.09
Free Cash Flow Growth	-24.71%	72.73%	21.32%	-	-
Free Cash Flow Per Share	0.80	1.06	0.62	0.51	-0.20
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-8.41%	10.60%	-4.91%	-29.85%	-11.39%
Profit Margin	-13.80%	-0.02%	-8.13%	-30.78%	-18.65%
FCF Margin	29.63%	33.14%	21.76%	13.57%	-6.21%
EBITDA	16.28	25.21	18.33	14.63	13.15
EBITDA Margin	28.01%	36.52%	30.10%	18.18%	19.99%
EBIT	-4.89	7.32	-2.99	-24.03	-7.49
EBIT Margin	-8.41%	10.60%	-4.91%	-29.85%	-11.39%
Effective Tax Rate	-1.29%	120.17%	35.45%	8.61%	13.79%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.