VBNK (VBNK) financial statements
VBNK reported revenue of 125M CAD in fiscal 2025, up 18.1% a year over 5 years.
Net income was 28M CAD.
Free cash flow was 43M CAD, and the company returned 3M CAD in dividends.
The diluted share count rose 49% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions (CAD).
Income statement
Fiscal years, in CAD, from VBNK's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 54M CAD | 65M CAD | 82M CAD | 109M CAD | 112M CAD | 125M CAD |
| Selling, general and admin | 8M CAD | 11M CAD | 19M CAD | 15M CAD | 19M CAD | 34M CAD |
| Interest expense | 32M CAD | 29M CAD | 50M CAD | 129M CAD | 183M CAD | 180M CAD |
| Pre-tax income | 27M CAD | 31M CAD | 33M CAD | 58M CAD | 55M CAD | 41M CAD |
| Income tax | 7M CAD | 8M CAD | 10M CAD | 15M CAD | 15M CAD | 13M CAD |
| Net income | 19M CAD | 22M CAD | 23M CAD | 42M CAD | 40M CAD | 28M CAD |
| EPS (diluted) | 0.82 CAD | 0.96 CAD | 0.79 CAD | 1.57 CAD | 1.49 CAD | 0.90 CAD |
| Diluted shares | 21M | 22M | 27M | 26M | 26M | 32M |
| Net margin | 35.8% | 34.2% | 27.5% | 38.8% | 35.6% | 22.8% |
Balance sheet
Fiscal years, in CAD, from VBNK's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | 258M CAD | 272M CAD | 89M CAD | 132M CAD | 225M CAD | 582M CAD |
| Property, plant and equipment | 7M CAD | 7M CAD | 7M CAD | 7M CAD | 24M CAD | 24M CAD |
| Goodwill | 0 CAD | 6M CAD | 6M CAD | 6M CAD | 12M CAD | 12M CAD |
| Total assets | 1.9B CAD | 2.4B CAD | 3.3B CAD | 4.2B CAD | 4.8B CAD | 5.8B CAD |
| Total liabilities | 1.7B CAD | 2.1B CAD | 2.9B CAD | 3.8B CAD | 4.4B CAD | 5.3B CAD |
| Shareholders' equity | 255M CAD | 332M CAD | 351M CAD | 377M CAD | 399M CAD | 533M CAD |
| Net debt | -258M CAD | -272M CAD | -89M CAD | -132M CAD | -225M CAD | -582M CAD |
Cash flow
Fiscal years, in CAD, from VBNK's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | 140M CAD | -108M CAD | -33M CAD | 95M CAD | 273M CAD | 44M CAD |
| Capital spending | 245,000 CAD | 14,000 CAD | 581,000 CAD | 362,000 CAD | 19M CAD | 954,000 CAD |
| Free cash flow | 139M CAD | -108M CAD | -33M CAD | 94M CAD | 254M CAD | 43M CAD |
| Stock-based compensation | — | 0 CAD | 1M CAD | 901,000 CAD | 348,000 CAD | 81,000 CAD |
| Dividends paid | 4M CAD | 4M CAD | 4M CAD | 4M CAD | 4M CAD | 3M CAD |
| Net borrowing | 0 CAD | -1M CAD | 0 CAD | — | — | — |
| Free cash flow margin | 257.2% | -165.7% | -40.3% | 86.9% | 227.6% | 34.9% |
| Dividends per share | 0.20 CAD | 0.18 CAD | 0.14 CAD | 0.14 CAD | 0.14 CAD | 0.10 CAD |
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Open VBNK in InvestinglyQuestions
What was VBNK's revenue in 2025?
125M CAD in fiscal 2025, from its 10-K filing.
How much free cash flow does VBNK generate?
43M CAD in fiscal 2025 (operating cash flow minus capital spending).
From VBNK's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.