VerticalScope Announces Second Quarter 2026 Financial Results

Posts year-over-year MAU and Adjusted EBITDA growth Adjusted EBITDA Margin expands to 32% with 81% Free Cash Flow Conversion Revenue increased 20% from Q1, outpacing seasonal trends

TORONTO — VerticalScope Holdings Inc. (“VerticalScope” or the “Company”) (TSX: FORA; OTCQX: VFORF), a technology company that has built and operates a cloud-based digital platform for online enthusiast communities, today announced financial results for the second quarter ended June 30, 2026 (“Q2” or “the quarter”).

“Q2 delivered the gains we’ve been building toward and marked a turning point,” said Chris Goodridge, CEO of VerticalScope. “Revenue grew 20% over Q1, which outpaced our typical seasonal growth patterns, while Adjusted EBITDA grew both sequentially and year-over-year, with margins expanding to 32%. MAU also increased by 14%. Our results highlight our core fundamentals: a high-intent audience, a cost base we rigorously optimize, and a disciplined cash-generating model.”

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“We are growing our investments in AI and we’re starting to see that reflected in our results,” added Mr. Goodridge. “AI is driving improvement in programmatic monetization and is powering new Fora commerce experiences, contributing new sources of revenue. AI is also making us a more efficient business, helping us reduce our operating expenses by re-aligning our workforce, and invest into our applied AI work with AltaML, where the agentic workflows being created are expected to deliver growth and further efficiency.”

“Our balance sheet is doing exactly what we built it to do,” said Vince Bellissimo, CFO of VerticalScope. “In the quarter, we converted 81% of Adjusted EBITDA into Free Cash Flow, inclusive of $0.4 million in applied AI capital investments. Year-to-date, we have reduced debt by $6 million, reflecting a $12 million repayment in Q2, offset by our $6 million July draw to fund our strategic investment in AltaML via a secured promissory note and warrant. While operating cash flow reflects receivables growth as AudienceEngine scales, those balances convert quickly to cash. Our near-term capital priorities remain unchanged: grow our high-conviction AI investments and continue to strengthen our balance sheet.”

Management will host a conference call and webcast to discuss the Company’s financial results at 8:00 a.m. ET on Friday, August 14, 2026.

Live Call Registration and Webcast: https://www.netroadshow.com/events/login/1PeTHmohOPwo1FwQg6j37HZoSO27hjT2AOYLt Joining Live by Telephone: Canada: 1 833 950 0062 United States: 1 833 470 1428 Participant Access code: 266510

If you are unable to join live, an archived recording of the webcast will be available at: https://investors.verticalscope.com/ .

The Company’s applied AI engagement and investment with AltaML, as previously disclosed, are related party transactions. Cory Janssen, a director of the Company, is the Chief Executive Officer of AltaML. Mr. Janssen did not participate in the Board of Directors’ approval of either transaction. Both transactions were negotiated at arm’s length and on commercially reasonable terms.