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Earnings

VerticalScope Reports Fourth Quarter and Full Year 2025 Results; Achieves Full-Year Adjusted EBITDA Guidance

By The Northwire Desk — AI Analysis Mar 03, 2026 · 17:05 FORA · 2.8 VERTICALSCOPE HOLDINGS INC. J SV
FORA · Price

Executive Summary

  • VerticalScope reported FY 2025 Adjusted EBITDA of $21.1 M, meeting full‑year guidance and delivering a 36% margin.
  • Q4 2025 Adjusted EBITDA rose 11% YoY to $6.9 M with an expanded margin of 45% (up 300 bps sequentially).
  • FY 2025 Free Cash Flow reached $19.7 M, representing a 94% conversion from Adjusted EBITDA and leaving the company with $72 M total liquidity at year‑end.

Key Details

  • FY 2025 Financial Highlights
  • Revenue: $58.1 M (down 13% YoY)
  • Net loss: $(8.0) M or $(0.37) per share
  • Adjusted EBITDA: $21.1 M (36% margin) – met guidance
  • Free Cash Flow: $19.7 M (94% conversion)

  • Cash & cash equivalents: $16.4 M unrestricted; total liquidity $72 M

  • Q4 2025 Financial Highlights

  • Revenue: $15.4 M (down from $19.9 M YoY)
  • Adjusted EBITDA: $6.9 M, margin 45% (+300 bps QoQ)
  • Free Cash Flow: $7.0 M (101% conversion)

  • Net loss: $(3.4) M or $(0.16) per share

  • Operational Metrics

  • Direct user base grew 21% YoY; Monthly Active Users (MAU) ~90 M.

  • AI‑driven product “AudienceEngine” entered beta in Q4, now operating at a $1.4 M annualized EBITDA run‑rate.

  • Acquisitions

  • Completed six acquisitions during FY 2025; acquisition costs included in operating expenses and non‑cash charges.

  • Liquidity & Capital Structure

  • Long‑term debt: $44 M (up from $38 M)

  • Revolving loan facility: $6 M drawn in FY 2025 (down from $41.3 M prior year).

  • Management Commentary

  • CEO Chris Goodridge highlighted resilience of the business model, growth in direct sales, and AI‑enabled product pipeline.

  • CFO Vince Bellissimo emphasized cash generation, balance‑sheet strength, and readiness to fund AI initiatives and targeted M&A in 2026.

  • Conference Call

  • Earnings call scheduled for 8 a.m. ET, Wednesday March 4 2026 (registration link provided).

Notable Quotes

“Our fourth quarter results highlight the underlying resilience of our business model… We achieved sequential growth across every key financial and operating metric.” – Chris Goodridge, CEO
“We entered 2025 with $72 M in total available liquidity, providing us the financial flexibility to continue investing in AI initiatives and targeted M&A.” – Vince Bellissimo, CFO

Read the original news release →

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