VIQ Solutions Q2 2026 profit rises on Australia backlog clearance, fewer abatements and lower late penalties, company says
VQS•Profit and adjusted EBITDA increase
Net income was USD 1.44 million versus a loss of USD 2.77 million, helped by higher gross profit and lower operating costs.
Adjusted EBITDA increased to USD 4.17 million from USD 1.84 million, citing no abatements, lower late penalties and lower headcount costs.
Six-month results improve on backlog clearance
For the six months ended June 30, 2026, revenue rose 6% to USD 21.29 million, driven by clearing an Australia backlog.
Gross margin widened to 54.6% from 49.9%, reflecting higher Australia revenue, higher-margin technology sales and lower labor costs.
Australia operations under voluntary administration
Australia operations entered voluntary administration, expected to cut 2026 revenue materially since Australia represented about half of historical annual revenue.
