VIQ Solutions Reports Financial Results for the Three and Nine Months Ended September 30, 2026
Key Highlights
- ➤Q3 revenue $5.2 million, up 1% year over year
- ➤Q3 Adjusted EBITDA $1.4 million, up 64%; tenth consecutive positive quarter
- ➤Nine-month Adjusted EBITDA $3.2 million, up 46% year over year
- ➤Australian operations ceased July 17, 2026; liquidation expected within six to eight months
- ➤Current debt $20.4 million versus $3.0 million cash, with covenant default disclosed
Expert Statements
Larry Taylor, CEO of VIQ Solutions
“While we will continue to execute on the cost reduction plan through the balance of the year, we are now focused on growing revenue in North America and the United Kingdom, both organically and through strategic acquisitions.”
Larry Taylor, CEO of VIQ Solutions
“We are also focusing on enhancing our technology. We recently announced that we have partnered with Canadian venture studio AXL to introduce a breakthrough in identifying who is speaking in multi-speaker recordings, now with 97% to 99% accuracy - a near-perfect performance benchmark.”
Larry Taylor, CEO of VIQ Solutions
“We also recently announced the launch of NetScribe® Live, a recording and streaming platform built for recorded proceedings.”
* VIQ Solutions reports Adjusted EBITDA up 64% and 46% for the three and nine months ended September 30, 2026, respectively, compared to the prior periods. * VIQ Solutions' Australian operations ceased on July 17, 2026 and are now being reported as discontinued operations in VIQ's financial statements. * Management and capital resources are now focused on growing the Company's North American & UK operations and enhancing its technology. Richmond Hill, Ontario--(Newsfile Corp. - November 12, 2026) - VIQ Solutions Inc. (TSXV: VQS) ("VIQ" or "the Company"), a global leader in AI-powered digital documentation, today announced financial results for the three and nine months ended September 30, 2026. The Company reported continued margin expansion and positive Adjusted EBITDA.
As previously reported, VIQ's Australian division was placed into voluntary administration pursuant to Part 5.3A of the Corporations Act 2001 (Australia) in March 2026 (the "Voluntary Administration"). The sale or recapitalization process related to VIQ Australia was unsuccessful and VIQ Australia ceased operations on July 17, 2026. On August 5, 2026, the administrators were appointed as liquidators of VIQ Australia, and the liquidators expect to complete the liquidation within the next six to eight months.
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