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VerticalScope Holdings Inc. (FORA.TO)

CAD2.60 -0.05 (-1.89%)
CA TSX Technology Software - Application
Address 111 Peter Street M5V 2H1
Toronto, ON, CA
CEO Christopher Goodridge
IPO 2021-06-15
ISIN CA92537Y1043

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Description

VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, Australia, and internationally. The company offers digital advertising services comprising direct advertising campaigns; programmatic advertising, such as monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos. It also provides e-commerce solutions that monetize content through arrangements in respect of commissions and referral payments with e-commerce merchants, brands, and marketplaces. The company focuses on hyper-specific subjects that engender strong affinity from online communities of super fans, experts, pros, hobbyists, and armchair analysts. Its brands include communities for watch geeks, audio nerds, motorheads, fitness-obsessed, mountain bikers, DIYers, deal junkies, and enthusiasts. VerticalScope Holdings Inc. was founded in 1999 and is headquartered in Toronto, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD2.60 -0.05 (-1.89%)
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Volume Profile
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Liquidity & share structure
Average Volume
8.6K
Beta
0.06
Float Shares
9.88M
Free Float %
45.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.00% -6.01% -2.92% -1.48% -12.79% -16.61% -36.67% -26.52% -88.41% -88.41% -88.41%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.60
DCF (Unlevered) 15.62 +500.8%
DCF (Levered) 19.39 +645.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 25% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 0 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.29
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    -14.3% Q1'26: -16.2% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    -54,185.7% Q1'26: -27.3% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +25.1% Q1'26: +28.6% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    -8.4% Q1'26: -30.7% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    -4.8% Q1'26: -10.5% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +0.9% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    2.75× Q1'26: 7.57× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.04) × ERP
WACC = 49% × Ke + 51% × Kd (7.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 15.50 Current price: 2.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
3 EPS Ana.
Dec 2027
7 Rev. Ana.
3 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
65.76M
est: 82.78M (-20.6%)
80.49M
est: 106.13M (-24.2%)
60.90M
est: 47.38M (+28.5%)
69.05M
est: 68.86M (+0.3%)
59.16M
est: 59.76M (-1.0%)
55.30M
51.00M – 61.19M
-7.5% YoY
56.58M
48.40M – 64.40M
+2.3% YoY
58.34M
51.83M – 65.49M
+3.1% YoY
EBITDA
440.3K
est: 20.77M (-97.9%)
14.71M
est: 26.63M (-44.8%)
18.55M
est: 10.58M (+75.2%)
23.68M
est: 15.38M (+53.9%)
16.57M
est: 13.35M (+24.1%)
12.35M
11.40M – 13.67M
-7.5% YoY
12.64M
10.81M – 14.39M
+2.3% YoY
13.03M
11.58M – 14.63M
+3.1% YoY
EBIT
-10.30M
est: -8.33M (-23.6%)
-23.95M
est: -10.68M (-124.1%)
-2.77M
est: -6.16M (+55.0%)
5.79M
est: -8.96M (+164.6%)
-4.98M
est: -7.77M (+36.0%)
-7.19M
-7.96M – -6.64M
+7.5% YoY
-7.36M
-8.38M – -6.30M
-2.3% YoY
-7.59M
-8.52M – -6.74M
-3.1% YoY
Net Income
-12.26M
est: -1.19M (-932.6%)
-24.77M
est: -29.19M (+15.1%)
-4.95M
est: 729.1K (-779.1%)
-15.9K
est: 1.92M (-100.8%)
-8.16M
est: -4.16M (-96.3%)
-3.46M
-3.98M – -2.94M
+16.8% YoY
-677.3K
-779.6K – -575.0K
+80.4% YoY
-1.07M
-1.23M – -906.6K
-57.7% YoY
SGA
50.66M
est: 46.37M (+9.3%)
62.19M
est: 59.44M (+4.6%)
8.52M
est: 21.66M (-60.6%)
36.97M
est: 31.47M (+17.5%)
3.98M
est: 27.31M (-85.4%)
25.28M
23.31M – 27.97M
-7.5% YoY
25.86M
22.12M – 29.43M
+2.3% YoY
26.67M
23.69M – 29.93M
+3.1% YoY
EPS
-0.59
est: -0.06 (-962.1%)
-1.26
est: -1.36 (+7.3%)
-0.23
est: 0.03 (-778.5%)
0.00
est: 0.09 (-100.8%)
-0.38
est: -0.19 (-98.6%)
-0.16
-0.18 – -0.14
+16.8% YoY
-0.03
-0.04 – -0.03
+80.4% YoY
-0.05
-0.06 – -0.04
-57.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-05-07 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-05-06 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-05-05 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-05-04 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-05-01 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-30 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-29 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-28 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-27 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-24 B- 2/5 5/5 1/5 1/5 2/5 1/5 4/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
11.32M
OE per share TTM
0.53
Owner's Yield
18.77%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
4.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-31.3K
Shares Outstanding
21.57M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Christopher Goodridge Chief Executive Officer 699.1K male
Ezra Menaged Chief Operating Officer 692.4K male
Brandon Seibel Chief Technology Officer 500.6K male
Meir Welcher Chief Technology Officer 500.6K male
Robert Laidlaw Founder & Chair of the Board 495.0K male
Diane Yu Chief Legal Officer & Corporate Secretary 387.8K female
Vincenzo Bellissimo Chief Financial Officer 293.8K male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend history

Earnings history

Earnings reports

Stock splits