Invesque

IVQ.TO

Real Estate - Services · Real Estate

Price

C$0.10

-0.01 (-8.70%)

Market Cap

C$96.9M

Exchange

Toronto Stock Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+1581.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 54.4M (2021) → 914.0M (2025)

Winston Score History

The full picture

Invesque Inc. is a Canadian real estate company that owns and operates healthcare properties, mainly senior housing and long-term care facilities. Its tenants are healthcare operators who run nursing homes, assisted living communities, and memory care centers, primarily serving elderly residents across North America. The company is a smaller player in the healthcare real estate investment trust (REIT) space.

Invesque makes money by collecting rent from the healthcare operators who lease its properties, which is a typical net lease or operating model used in healthcare real estate. It operates mainly in the United States and Canada, and with a market cap of around $100 million, it is a small company in a sector dominated by much larger REITs like Ventas and Welltower. The key risk the company faces is tenant financial stress — if the operators running its facilities struggle to stay profitable, they may have difficulty paying rent, which directly threatens Invesque's income.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-106.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-100.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

11.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$61M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Invesque's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

248.9%

Premium pricing power — 248.9% gross margin

Profit after running costs

Operating Margin

294.3%

Excellent — 294.3% operating margin

Return on the money invested

ROCE

-9.0%

Weak — -9.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-92.3%

Shrinking sales (-92.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-28.7%

Burning cash (-28.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.07

Conservative — low debt load (0.07)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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