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TSX · Internet Content & Information · CAD

VerticalScope Holdings Inc. (FORA.TO) Stock Analysis

VerticalScope Holdings Inc. (FORA.TO) is a Internet Content & Information stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

FORA.TO

CA$2.84

+CA$0.07 (+2.53%)

Oct 21, 2026 · Market close

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Price History

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FORA.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$2.83
Previous Close
CA$2.77
Day's Range
2.83–2.84
52-Week Range
2.40–4.25
Volume
903.00
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.13
Valuation
Market Cap
CA$62.02M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
7.76
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.12
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.50
Financials (FY)
Revenue (FY)
CA$58.15M−15.79%
Net Income (FY)
−CA$8.02M
Profit marginThe share of revenue left as profit after all costs and taxes.
−14.02%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
18.88M
1-Year Return
−22.62%
Dividend and dates
Earnings Date
November 4, 2026
Avg Volume
12.94K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FORA.TO closed at CA$2.84, −22.62% over 1 year.

VerticalScope Holdings Inc. (FORA.TO) has a market capitalization of CA$62.02M.

In fiscal 2025, FORA.TO reported revenue of CA$58.15M.

FORA.TO Stock Return by Calendar Year

VerticalScope Holdings Inc. (FORA.TO) return since Jun 2021: what CA$10,000 became

1 year
CA$10,000 CA$7,738
−22.62%
5 years
CA$10,000 CA$961
−90.39%
Since Jun 2021
CA$10,000 CA$1,237
−87.63%

If you had invested CA$10,000 in VerticalScope Holdings Inc. (FORA.TO) at the close on June 15, 2021, the earliest close on record here, it would have been worth CA$1,237 at the close on October 21, 2026: −87.63% in total, −32.33% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−10.97%
2025−69.18%
2024+121.15%
2023−28.33%
2022−78.60%
2021 (partial year)+32.98%

As of October 21, 2026.

FORA.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$58.15M−CA$8.02M−13.8%
2024CA$69.05M−CA$15.86K−0.0%
2023CA$60.90M−CA$4.95M−8.1%
2022CA$80.49M−CA$24.77M−30.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$58.15M—−CA$4.89M−CA$8.02M−13.8%
2024CA$69.05M—CA$7.32M−CA$15.86K−0.0%
2023CA$60.90M—−CA$4.04M−CA$4.95M−8.1%
2022CA$80.49M—−CA$20.36M−CA$24.77M−30.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FORA.TO Valuation vs Internet Content & Information Median

Median of 71 stocks
MetricFORA.TOInternet Content & Information medianvs median
P/S ratio1.120.7942% above
Profit margin−14.02%−0.03%14.0 pts below

Medians across 71 Internet Content & Information stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values VerticalScope Holdings Inc. (FORA.TO) at CA$62.02M. The company sits in the Communication Services sector, in the Internet Content & Information industry. The company reports 154 employees.

FORA.TO last closed at CA$2.84 on October 21, 2026. That is +CA$0.07 (+2.53%) against the previous close. The 52-week range on file runs from CA$2.40 to CA$4.25. The latest close sits 18.33% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$58.15M. Against the prior fiscal year total of CA$69.05M, that is a change of −15.79%. The same year closed with a net loss of CA$8.02M. The reported profit margin is −14.02%. That is 14 percentage points below the Internet Content & Information median of −0.03%. Earnings per share on a trailing basis come to −0.5.

Across the 4 fiscal years on file, revenue moves from CA$80.49M in 2022 to CA$58.15M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 7.76. Measured against sales, the shares trade at 1.12 times revenue. On price-to-sales that is 41.53% above the Internet Content & Information median of 0.79. The medians here are taken across 71 Internet Content & Information companies that report the metric.

The trailing one-year total return is −22.62%. Across 5 years the annualized return works out at −37.41%. The reported beta is 0.13. Annualized volatility over the trailing 5 years is 76.18%.

Growth & Income

No dividend is on file for FORA.TO.

Across the complete calendar years on file, 2024 returned +121.15% and 2022 returned −78.60%. Of the 4 complete calendar years on file, 1 finished higher. 2026 is still running; the total return is −10.97% year to date.

Peer Comparison

VerticalScope Holdings Inc. (FORA.TO) operates in the Internet Content & Information industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
VerticalScope Holdings Inc. FORA.TO CA$62.02M —
Alphabet Inc. GOOGL $4.09T 16.8
Meta Platforms, Inc. META $1.78T 26.3
Spotify Technology S.A. SPOT $108.00B 30.2

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Internet Content & Information industry average P/E ratio is 12.3x. VerticalScope Holdings Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About VerticalScope Holdings Inc.

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.

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