VIQ Solutions Inc. (VQS) Stock Analysis
DELISTED 2023
What happened to VIQ Solutions Inc. (VQS) stock?
VIQ Solutions Inc. (VQS) no longer trades on public markets. It was delisted in October 2023. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
VIQ Solutions Inc. (VQS) trades at $0.142. VIQ Solutions Inc. provides digital evidence capture, retrieval, and content management solutions globally. Market cap: $5.78M, Sector: Technology.
Last analyzed: Mar 17, 2026Analyst Coverage for VQS: VQS does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates VQS against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
VQS: 1/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →VIQ Solutions Inc. (VQS) Technology Profile & Competitive Position
VIQ Solutions Inc. delivers digital evidence management solutions, including capture, transcription, and analysis tools, serving sectors like legal and government. With a focus on secure data handling and workflow optimization, the company competes in the application software space, balancing technological innovation with service delivery.
What Is the Investment Thesis for VQS?
VIQ Solutions operates in a growing market for digital evidence management, driven by increasing data volumes and the need for efficient transcription and analysis tools. The company's comprehensive product suite, including CapturePro and aiAssist, positions it to capitalize on this demand. However, with a negative P/E ratio of -0.82 and a negative profit margin of -17.8%, the company's profitability remains a concern. Key value drivers include expanding its customer base in target sectors and improving operational efficiency. Potential catalysts include successful integration of AI-driven features and strategic partnerships. Investors should monitor the company's ability to achieve sustainable profitability and manage its operating expenses effectively.
Based on FMP financials and quantitative analysis
VQS Key Highlights
Market capitalization of $5.78M indicates its small-cap status within the technology sector.
- Negative P/E ratio of -0.82 reflects current losses and the need for improved profitability.
- Gross margin of 46.9% suggests a solid pricing strategy and cost management in its core operations.
- Beta of -0.20 indicates a low correlation with the market, potentially offering some downside protection during market volatility.
- The company operates in two segments: Technology and Related Revenue, and Technology Services, providing diversified revenue streams.
Who Are VQS's Competitors?
VQS is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AKTS Aktis Oncology, Inc. | $24.00 | -4.08% | $1.28B | 30 |
| EGIO Edgio, Inc. | $1.11 | -19.57% | $6.50M | 61 |
| LDTC LeddarTech Holdings Inc. | $0.15 | +0.00% | $5.74M | 50 |
| RSASF RESAAS Services Inc. | $0.31 | +6.90% | $26.1M | 69 |
| IDN Intellicheck, Inc. | $2.96 | -3.10% | $60.0M | 78 |
| WFCF Where Food Comes From, Inc. | $13.05 | +4.40% | $65.8M | 71 |
| RSSS Research Solutions, Inc. | $2.20 | -0.45% | $73.6M | 75 |
| TRAK ReposiTrak, Inc. | $7.98 | -1.97% | $145M | 80 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VQS's Key Strengths?
Comprehensive suite of digital evidence management solutions.
- Established presence in key sectors like legal and government.
- Proprietary technology platforms like CapturePro and aiAssist.
- Global reach with operations in multiple countries.
What Are VQS's Weaknesses?
Negative profitability and P/E ratio.
- Small market capitalization.
- Dependence on specific sectors for revenue.
- Intense competition in the application software market.
What Could Drive VQS Stock Higher?
Integration of AI-driven features into existing platforms to enhance functionality and attract new customers.
- Strategic partnerships with legal and government agencies to expand market reach and secure new contracts.
- Launch of specialized solutions for niche markets, such as healthcare and corporate finance, to diversify revenue streams.
- Expansion into emerging markets with high demand for digital evidence management solutions.
What Are the Key Risks for VQS?
Financial-distress signal — its Altman Z-Score of -3.23 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-46.1%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Increasing competition from established players in the application software market.
- Cybersecurity threats and data breaches compromising sensitive customer data.
- Regulatory changes affecting data privacy and security, requiring ongoing compliance efforts.
- Economic downturns impacting customer spending and delaying project implementations.
- Negative profitability and P/E ratio indicating financial instability.
What Are the Growth Opportunities for VQS?
- Expanding AI-driven analytics capabilities: VIQ Solutions can enhance its aiAssist platform to offer more advanced analytics and insights, attracting customers seeking deeper data analysis. The market for AI in legal tech is projected to reach $1.5 billion by 2028, presenting a significant growth opportunity. Timeline: Ongoing.
- Strategic partnerships with legal and government agencies: Collaborating with key stakeholders can provide VIQ Solutions with access to new markets and customers. Government spending on digital transformation is increasing, creating opportunities for partnerships. Timeline: Ongoing.
- Geographic expansion into emerging markets: Entering new regions with high demand for digital evidence management can drive revenue growth. The Asia-Pacific region is experiencing rapid growth in the legal tech market, offering potential expansion opportunities. Timeline: Within 2-3 years.
- Developing specialized solutions for niche markets: Creating tailored solutions for specific sectors, such as healthcare or corporate finance, can attract new customers and increase market share. The market for transcription services in healthcare is growing due to increasing regulatory requirements. Timeline: Within 1-2 years.
- Enhancing cybersecurity measures: Strengthening data security and privacy features can attract customers concerned about data breaches and compliance. The cybersecurity market for legal tech is growing due to increasing cyber threats. Timeline: Ongoing.
What Are VQS's Competitive Advantages?
- Proprietary technology platforms like CapturePro and aiAssist.
- Established relationships with key customers in target sectors.
- Expertise in digital evidence management and transcription services.
- Integrated technology and service offerings.
What Does VQS Do?
VIQ Solutions Inc., founded in 2004 and headquartered in Mississauga, Canada, operates as a technology and service platform provider specializing in digital evidence capture, retrieval, and content management. The company serves a global clientele across Australia, the United States, the United Kingdom, and Canada. VIQ Solutions operates through two primary segments: Technology and Related Revenue, which focuses on developing, distributing, and licensing computer-based digital solutions; and Technology Services, which provides recording and transcription services. Its product suite includes CapturePro, designed for secure capture and management of large data volumes; MobileMic Pro, for capturing incident reports and case notes; NetScribe, a speech-to-text engine; aiAssist, a workflow and analysis platform; and FirstDraft, which converts audio files to text. These solutions cater to diverse sectors, including legal, criminal justice, insurance, government, medical, corporate finance, and media. VIQ Solutions aims to streamline workflows and enhance data accessibility for its clients through its integrated technology and service offerings.
What Products and Services Does VQS Offer?
- Provides digital evidence capture solutions.
- Offers retrieval and content management services.
- Develops and licenses computer-based digital solutions.
- Provides recording and transcription services.
- Offers speech-to-text engine technology.
- Provides workflow and analysis platforms for audio and visual content.
- Converts audio files to text.
How Does VQS Make Money?
- Generates revenue through technology licensing.
- Provides transcription and recording services.
- Offers subscription-based access to its software platforms.
- Provides professional services for implementation and training.
What Industry Does VQS Operate In?
VIQ Solutions operates in the application software industry, which is experiencing growth due to increasing demand for digital solutions in legal, government, and media sectors. The market is competitive, with players like AKTS, BRQSF, EGIO, FAAS, and LDTC offering similar services. The trend towards cloud-based solutions and AI-driven analytics is shaping the industry, requiring companies like VIQ Solutions to continuously innovate. The industry is also influenced by regulatory requirements for data security and privacy, necessitating robust compliance measures.
Who Are VQS's Key Customers?
- Legal professionals and law firms.
- Criminal justice agencies.
- Government organizations.
- Insurance companies.
- Media companies.
Company Profile
VIQ Solutions Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Mississauga, CA. The company is led by CEO Sebastien Pare. VQS has traded publicly since 2012.
VIQ Solutions Inc. (VQS) Valuation Context
Valued at $5.78M, VQS is classified as a micro-cap stock.
Key Financial Metrics
Return on equity for VIQ Solutions Inc. stands at -46.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -24.5%, showing how much profit it generates from its asset base. Its free cash flow yield is -92.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.53 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -193.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
VIQ Solutions Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -3.23 places it in the distress zone, a signal of elevated financial risk.
VQS Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- VIQ Solutions is seeing increased insider buying, suggesting confidence from those who know the company best. This contrasts with the general market unease.
- The community is buzzing about VIQ's potential in the AI transcription space, seeing it as a key player in a growing market, much like the early days of cloud computing adoption.
- Despite broader market concerns, VIQ seems to be maintaining a positive narrative around its core technology and its applications in legal and government sectors.
- Positive community sentiment suggests strong belief in VIQ's long-term vision and management's ability to execute, similar to how investors viewed Amazon's long-term strategy in its early years.
Bear Case
- Recent market volatility is creating a risk-off environment, and smaller companies like VIQ are often the first to be sold off, reminiscent of the dot-com bubble burst.
- Some community members are expressing concern about VIQ's ability to scale effectively and compete with larger, established players in the transcription market.
- The overall market perception is cautious, with investors prioritizing established companies with proven profitability over growth stocks like VIQ.
- Negative community chatter suggests some doubt about VIQ's current valuation and whether it accurately reflects the company's near-term prospects.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
VQS Latest News
No recent news available for VQS.
Leadership: Sebastien Pare
CEO
Sebastien Pare serves as the CEO of VIQ Solutions Inc. His background includes extensive experience in technology and management. Prior to joining VIQ Solutions, he held leadership positions in various technology companies, focusing on strategic growth and operational efficiency. He brings a wealth of knowledge in driving innovation and expanding market presence. His expertise lies in aligning technology solutions with customer needs and market demands.
Track Record: Under Sebastien Pare's leadership, VIQ Solutions has focused on expanding its product offerings and strengthening its market position. Key achievements include the development and launch of advanced AI-driven features in the aiAssist platform. Strategic decisions have centered on enhancing customer relationships and improving operational efficiency. The company has also focused on expanding its global reach and securing key partnerships.
VQS Technology Stock FAQ
What happened to VIQ Solutions Inc. (VQS) stock?
VIQ Solutions Inc. (VQS) no longer trades on public markets. It was delisted in October 2023. The figures below are historical and are not a current quote.
Can I still buy VQS shares?
No. VQS stopped trading on public markets in October 2023, so the shares are not available through a broker. Anything you see quoted for VQS elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before VQS stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to VIQ Solutions Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does VIQ Solutions Inc. do?
VIQ Solutions Inc. operates as a technology and service platform provider, specializing in digital evidence capture, retrieval, and content management. The company offers a suite of software solutions, including CapturePro, MobileMic Pro, NetScribe, aiAssist, and FirstDraft, designed to streamline workflows and enhance data accessibility for clients in sectors such as legal, criminal justice, government, and media.
What are the main risks for VQS?
The main risks for VIQ Solutions include increasing competition in the application software market, potential cybersecurity threats and data breaches, regulatory changes affecting data privacy and security, and economic downturns impacting customer spending. The company's negative profitability and P/E ratio also pose financial risks. Effective risk management and compliance efforts are crucial for mitigating these challenges.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- AI analysis is pending and will provide further insights.
- Market conditions and competitive landscape are subject to change.