VIQ Solutions Inc.
VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates in two segments, Technology and Related Revenue, and Technology Services. The Technology and Related Revenue segment develops, distributes, and licenses computer-based… Read more
VIQ Solutions Inc. (VQSSF) - Net Assets
Latest net assets as of September 2025: $-3.71 Million USD
Based on the latest financial reports, VIQ Solutions Inc. (VQSSF) has net assets worth $-3.71 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.44 Million) and total liabilities ($29.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-3.71 Million |
| % of Total Assets | -14.58% |
| Annual Growth Rate | -24.77% |
| 5-Year Change | -98.58% |
| 10-Year Change | N/A |
| Growth Volatility | 276.6 |
VIQ Solutions Inc. - Net Assets Trend (2016–2024)
This chart illustrates how VIQ Solutions Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VIQ Solutions Inc. (2016–2024)
The table below shows the annual net assets of VIQ Solutions Inc. from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $280.24K | -95.44% |
| 2023-12-31 | $6.14 Million | -60.71% |
| 2022-12-31 | $15.64 Million | -29.12% |
| 2021-12-31 | $22.06 Million | +11.49% |
| 2020-12-31 | $19.79 Million | +795.10% |
| 2019-12-31 | $2.21 Million | -18.58% |
| 2018-12-31 | $2.71 Million | -59.85% |
| 2017-12-31 | $6.76 Million | +147.50% |
| 2016-12-31 | $2.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VIQ Solutions Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7433997600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $77.55 Million | 27672.23% |
| Other Comprehensive Income | $-1.36 Million | -483.77% |
| Other Components | $9.14 Million | 3261.43% |
| Total Equity | $280.24K | 100.00% |
VIQ Solutions Inc. Competitors by Market Cap
The table below lists competitors of VIQ Solutions Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PeopleBio Inc
KQ:304840
|
$5.72 Million |
|
Italtile Ltd
JSE:ITE
|
$5.72 Million |
|
Temas Resources Corp
OTCQB:TMASF
|
$5.72 Million |
|
Sego Resources Inc
V:SGZ
|
$5.73 Million |
|
Saville Resources Inc
V:SRE
|
$5.72 Million |
|
Alset AI Ventures Inc.
PINK:GPUSF
|
$5.72 Million |
|
CHINA GREEN AGRIC.DL-001
F:GR0A
|
$5.72 Million |
|
Premium Resources Ltd.
PINK:PRMLF
|
$5.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIQ Solutions Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,143,504 to 280,237, a change of -5,863,267 (-95.4%).
- Net loss of 6,707,770 reduced equity.
- Other comprehensive income decreased equity by 688,358.
- Other factors increased equity by 1,532,861.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.71 Million | -2393.61% |
| Other Comprehensive Income | $-688.36K | -245.63% |
| Other Changes | $1.53 Million | +546.99% |
| Total Change | $- | -95.44% |
Book Value vs Market Value Analysis
This analysis compares VIQ Solutions Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 22.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.28x to 22.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $0.44 | $0.13 | x |
| 2017-12-31 | $0.95 | $0.13 | x |
| 2018-12-31 | $0.33 | $0.13 | x |
| 2019-12-31 | $0.24 | $0.13 | x |
| 2020-12-31 | $1.09 | $0.13 | x |
| 2021-12-31 | $0.83 | $0.13 | x |
| 2022-12-31 | $0.49 | $0.13 | x |
| 2023-12-31 | $0.16 | $0.13 | x |
| 2024-12-31 | $0.01 | $0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIQ Solutions Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2393.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.32%
- • Asset Turnover: 1.66x
- • Equity Multiplier: 88.50x
- Recent ROE (-2393.61%) is below the historical average (-366.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -34.38% | -11.02% | 1.69x | 1.84x | $-1.21 Million |
| 2017 | -13.04% | -7.26% | 1.25x | 1.44x | $-1.56 Million |
| 2018 | -212.06% | -52.92% | 0.51x | 7.86x | $-6.03 Million |
| 2019 | -209.42% | -18.03% | 1.24x | 9.40x | $-4.85 Million |
| 2020 | -59.30% | -35.10% | 0.78x | 2.16x | $-13.71 Million |
| 2021 | -88.42% | -63.38% | 0.64x | 2.17x | $-21.71 Million |
| 2022 | -53.47% | -18.99% | 1.24x | 2.27x | $-9.92 Million |
| 2023 | -237.55% | -34.93% | 1.42x | 4.81x | $-15.21 Million |
| 2024 | -2393.61% | -16.32% | 1.66x | 88.50x | $-6.74 Million |
Industry Comparison
This section compares VIQ Solutions Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIQ Solutions Inc. (VQSSF) | $-3.71 Million | -34.38% | N/A | $5.72 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |