NOWVertical Group

NOW.V

Software - Infrastructure · Technology

Price

C$0.17

+0.01 (+3.03%)

Market Cap

C$16.2M

Exchange

Toronto Stock Exchange Ventures

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

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

How the score breaks down

Quality

Good

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+138.5% over 4y

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

Diluted shares outstanding: 40.1M (2021) → 95.8M (2025)

Winston Score History

The full picture

NOWVertical Group is a Canadian technology company that buys and operates small software and data analytics businesses. Its subsidiaries serve clients in industries like government, healthcare, and commercial sectors, helping them make sense of large amounts of data. The company is a "buy and build" acquirer, meaning it grows mainly by purchasing existing software firms rather than building products from scratch.

Revenue comes from a mix of software licenses, professional services, and recurring subscription contracts across its portfolio of acquired companies. NOWVertical operates primarily in North America and is a small-cap company with a market cap under $100 million. Its gross margin near 50% is reasonable for software, but its thin operating margin of under 3% signals that integration costs and overhead are eating into profits. The main risk is execution: acquiring and successfully combining multiple small software businesses is difficult, and any stumble in integration or a slowdown in deal flow could pressure growth.

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

+14.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+126.2% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$98,911/ year

↓ Declining (-75% vs prior year)

0.3% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

48.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$8M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$8M cash & investments at current burn rate

Growth context

NOWVertical Group is growing revenue at 15% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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.

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Quality

Profit per sale

Gross Margin

48.1%

Healthy — 48.1% gross margin

Profit after running costs

Operating Margin

9.9%

Modest — 9.9% operating margin

Return on the money invested

ROCE

13.1%

Good — 13.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-6.0%

Shrinking sales (-6.0% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

6.9%

Modest free cash flow (6.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

4.87

Heavy debt load (4.87)

Covers its interest

Interest Cover

1.55x

Dangerous — barely covers interest (1.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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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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