NowVertical Reports Continued Revenue Growth
News related to:NowVertical Group Inc · 3 min read
TORONTO, Nov. 10, 2026 /CourierPR/ -- The financial results for NowVertical Group Inc., a leader in AI-driven data solutions, have been announced for its third fiscal quarter ended September 30, 2026. The company reported a revenue growth of 11% year over year, reaching $10.1 million. This marks the second consecutive quarter of double-digit growth for the company.
Revenue growth was driven by a 25% increase in Top 30 Accounts revenue and a 108% increase in Google Cloud revenue, reflecting the company's focus on delivering high-quality outcomes for its clients. The company's leadership team has been in place, with J.R. Kingsley Ward joining as Executive Chair, and a $15.1 million financing has been completed after the quarter end.
NowVertical Group Inc. will host an investor webinar on Tuesday, November 10, 2026, at 11:00 AM ET (8:00 AM PT) to discuss its financial and business results. The webinar will feature a discussion of the company's financial highlights, including a 19% Adjusted EBITDA margin, and administrative expenses that increased by 1% from the previous quarter.
The company's gross profit margin decreased to 50% in Q3 2026 from 51% in Q3 2025, due to changes in the revenue mix. Income from operations increased by 53% to $0.6 million in Q3 2026, primarily attributable to higher revenue and gross profit, partially offset by increased administrative expenses.
The company's cash and cash equivalents were $3.6 million at September 30, 2026, and total debt was $15.9 million. The company closed a $15.1 million brokered private placement, consisting of $5.1 million of equity units and $10.0 million of convertible debenture units, to strengthen its balance sheet and support its growth strategy.
The company's financial highlights for the three months ended September 30, 2026, include a 6% increase in gross profit to $5.0 million, a 1% increase in administrative expenses to $4.4 million, and a 53% increase in income from operations to $0.6 million.
The company's cash and cash equivalents were $3.6 million at September 30, 2026, and total debt was $15.9 million. The company closed a $15.1 million private placement, consisting of $5.1 million of equity units and $10.0 million of convertible debenture units, to strengthen its balance sheet and support its growth strategy.
The company's leadership team has been in place, with J.R. Kingsley Ward joining as Executive Chair, and the company has expanded its Google Cloud practice into Brazil, one of its largest markets in Latin America.
NowVertical Group Inc. will host an investor webinar on Tuesday, November 10, 2026, at 11:00 AM ET (8:00 AM PT) to discuss its financial and business results. The webinar will feature a discussion of the company's financial highlights, including a 19% Adjusted EBITDA margin, and administrative expenses that increased by 1% from the previous quarter.
The company's financial highlights for the three months ended September 30, 2026, include a 6% increase in gross profit to $5.0 million, a 1% increase in administrative expenses to $4.4 million, and a 53% increase in income from operations to $0.6 million.
The company's cash and cash equivalents were $3.6 million at September 30, 2026, and total debt was $15.9 million. The company closed a $15.1 million private placement, consisting of $5.1 million of equity units and $10.0 million of convertible debenture units, to strengthen its balance sheet and support its growth strategy.
The company's leadership team has been in place, with J.R. Kingsley Ward joining as Executive Chair, and the company has expanded its Google Cloud practice into Brazil, one of its largest markets in Latin America.
NowVertical Group Inc. will host an investor webinar on Tuesday, November 10, 2026, at 11:00 AM ET (8:00 AM PT) to discuss its financial and business results. The webinar will feature a discussion of the company's financial highlights, including a 19% Adjusted EBITDA margin, and administrative expenses that increased by 1% from the previous quarter.
The company's financial highlights for the three months ended September 30, 2026, include a 6% increase in gross profit to $5.0 million, a 1% increase in administrative expenses to $4.4 million, and a 53% increase in income from operations to $0.6 million.
The company's cash and cash equivalents were $3.