Companies ›Utilities ›VST.CD

VST.CD — — Electric Utilities

Victory Square Technologies Inc

$0,70

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Mcap

—

P/E

—

EV / Rev

—

Div yield

—

Op margin

-22,0 %

ROE

-16,9 %

Net margin

-16,7 %

Debt / equity

2,02

Beta

—

52w range

—

Volume

Day range

—

Prev close

$168,98

Open

—

Next earnings

2026-10-28

Ex-dividend

—

TR 1Y

—

About

Victory Square Technologies Inc is a Canadian investment management firm that provides digital asset custody and advisory services to institutional clients.

Business. Victory Square Technologies Inc (VST.CD) operates in the Electric Utilities industry within the broader Utilities sector. The company is classified under the Electric Utilities industry group and engages in electric utility activities. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not provided in the available data. Consequently, the company is described at the industry level without further geographic or segmental breakdown.

Classification99 %

SectorUtilities

Industry groupElectric Utilities

Generated · model-assisted

Sell-side consensus

BUY20 analysts

19 buy1 hold0 sell

Avg 12m price target218,55

Analyst recommendations

20 analysts · consensus Buy

Buy19

Hold1

Sell0

12-month price target

218,55

Consensus of sell-side coverage.

Upcoming events

EarningsQ3 2026 earnings (expected)2026-10-28 · estimated

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

20 analysts · indicative

Ownership→

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

largest disclosed fund holder

Profitability→

-16,9 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning VST.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to VST.CD. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Company
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR
Congressional trades
CongressNancy Pelosi — Vistra Corp. Common Stock2026-01-16 · Democrat · CA · Purchase · $100,001 - $250,000
CongressLisa McClain — Vistra Corp. Common Stock2025-10-31 · Republican · MI · Sale · $1,001 - $15,000
CongressLisa McClain — Vistra Corp. Common Stock2025-10-30 · Republican · MI · Purchase · $1,001 - $15,000
CongressLisa McClain — Vistra Corp. Common Stock2025-10-30 · Republican · MI · Sale · $1,001 - $15,000
CongressLisa McClain — Vistra Corp. Common Stock2025-06-17 · Republican · MI · Purchase · $1,001 - $15,000
CongressJulie Johnson — Vistra Corp. Common Stock2025-04-01 · Democrat · TX · Sale · $1,001 - $15,000

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Victory Square Technologies Inc (VST.CD) operates in the Electric Utilities industry within the broader Utilities sector. The company is classified under the Electric Utilities industry group and engages in electric utility activities. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not provided in the available data. Consequently, the company is described at the industry level without further geographic or segmental breakdown.

Classification99 %

SectorUtilities

Industry groupElectric Utilities

AI synthesis

GENERATED

Victory Square Technologies Inc has a debt-to-equity ratio of 2.02, indicating a capital structure that is significantly leveraged. The company's liquidity position is weak, as evidenced by a current ratio of 0.24, which is well below the industry median of 1.2 for Investment Management & Fund Operators. Additionally, the company has negative free cash flow of -779,470 CAD and operating cash flow of -370,570 CAD, further highlighting its liquidity constraints.

The company's profitability is negative, with a return on equity of -16.87% and a return on assets of -5.19%, both of which are below the industry median of 8.5% and 4.2%, respectively. These metrics suggest that the company is not generating returns that meet the expectations of its equity and asset base.

Victory Square Technologies Inc operates in a single business segment focused on digital asset custody and advisory services. The company's geographic exposure is concentrated in Canada, with all reported revenue derived from this region. This lack of geographic diversification increases the company's exposure to local economic and regulatory risks.

The company's growth trajectory is uncertain, with no clear revenue growth reported in the latest financial period. The company's operating income and net income are both negative, indicating a lack of profitability. The absence of positive revenue growth and the continued losses suggest that the company is not currently expanding its market share or improving its financial performance.

The company faces several risk factors, including liquidity constraints and the potential for dilution. The risk assessment indicates a medium level of liquidity risk, primarily due to the company's negative free cash flow and high debt levels. The dilution risk is currently low, but the company's capital structure and financial performance could change this outlook if the company needs to raise additional capital.

Recent events include the company's continued losses and negative cash flows, as reported in the latest financial statements. The company has not disclosed any significant new contracts, partnerships, or strategic initiatives that would indicate a turnaround in its financial performance. The lack of positive developments in the recent filings and transcripts suggests that the company is not currently on a path to profitability.

Key takeaways

Victory Square Technologies Inc has a weak liquidity position with a current ratio of 0.24 and negative free cash flow.
The company is unprofitable, with a return on equity of -16.87% and a return on assets of -5.19%.
The company's business is concentrated in a single segment and geographic region, increasing its exposure to local risks.
The company's growth trajectory is uncertain, with no clear signs of revenue growth or profitability improvement.
The company faces liquidity and dilution risks, which could impact its ability to operate and grow.

Bull / Bear case

Generated · model-assisted

BULL CASE · 5

Revenue surged 111.7% year-over-year to CAD 35.4 million, demonstrating significant top-line growth momentum.

Analysts project 31,121% upside to a mean price target of CAD 218.55, indicating strong market optimism.

The company generated positive free cash flow of CAD 1.7 million, improving by 37.7% year-over-year.

Gross profit expanded to CAD 9.0 million, reflecting improved gross margins relative to prior periods.

Net income increased 65.1% year-over-year to CAD 2.0 million, showing a return to profitability.

BEAR CASE · 2

The company carries high leverage with a debt-to-equity ratio of 3.34 and a current ratio of only 0.78.

Credit risk is flagged as high, signaling potential difficulties in meeting financial obligations or refinancing debt.

In focus — financials by report

Annual

ANNUALFiled 2023-05-02

FY 2023 · Full-year highlights

Revenue C$5.9M, +296,7% YoY; Operating income +2,5% YoY.

RevenueC$5.9M+296,7 % YoY

Operating income-C$15.0M+2,5 % YoY

Net income-C$24.2M−74,6 % YoY

Free cash flow-C$25.7M−49,9 % YoY

EPS—

Operating cash flow-C$3.6M+57,9 % YoY

Financials

Income statement

RevenueC$5.9M

Gross profitC$3.3M

Operating income-C$15.0M

Net income-C$24.2M

Margins

Gross margin54.9%

Operating margin-253.6%

Net margin-408.0%

FCF margin-432.8%

Balance sheet

Total assetsC$24.2M

Total liabilitiesC$10.2M

Total equityC$14.0M

Cash & equivalentsC$3.8M

Long-term debtC$6.6M

Cash flow

Operating cash flow-C$3.6M

CapEx—

Free cash flow-C$25.7M

SBC—

P&L flow · revenue → net income

Highlights

▍Revenue C$5.9M, +296,7% YoY
▍Operating income +2,5% YoY
▍Net income −74,6% YoY
▍Free cash flow −49,9% YoY
▍Net margin -408.0%

Valuation FY

Market price

$0,70

Market cap

—

Enterprise valueⓘ

—

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$3.5M

Net cashⓘ

-$5.5M

Current ratioⓘ

0.2

Debt / equityⓘ

2.0

ROAⓘ

-5.2%

ROEⓘ

-16.9%

Cash conversionⓘ

63.0%

CapEx / revenueⓘ

—

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Corporate eventM&A horizon

M&A probabilityconf 3 %

Probability

3 %

Base rate

3 %

Band

—

180-day horizon · target 2027-01-21 · 1,0× base rate

No acquirer candidates identified by the signal model.

Probabilistic model output — not investment advice. · generated 2026-07-25

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

Low$100,31

Mean$218,55

Median$220,00

High$298,00

Spot$0,70

+31121.1 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin-21,9 %Bottom quartile

Net Margin-16,7 %Bottom quartile

ROE-16,9 %Bottom quartile

D/E2,02Bottom quartile

Cash Conv0,63Below median

Corporate actions / M&A

M&A probabilityconf —

Probability

3 %

Base rate

3 %

Band

Low

180-day horizon · target 2027-01-21 · 1,0× base rate

No acquirer candidates identified by the signal model.

Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Physical assets

327 tracked

Asset	Type	Commodity	Country	Role
ANP Bellingham Energy Project	Power	Power	United States	Parent
ANP Bellingham Energy Project	Power	Oil & Gas	United States	Parent
ANP Bellingham Energy Project	Power	Oil & Gas	United States	Parent
ANP Bellingham Energy Project	Power	Power	United States	Parent
ANP Blackstone Energy Project	Power	Power	United States	Parent
ANP Blackstone Energy Project	Power	Oil & Gas	United States	Parent
ANP Blackstone Energy Project	Power	Power	United States	Parent
ANP Blackstone Energy Project	Power	Oil & Gas	United States	Parent
Baldwin Energy Station	Power	Power	United States	Parent
Baldwin Energy Station	Power	Power	United States	Parent
Baldwin Energy Station	Power	Coal	United States	Parent
Baldwin Energy Station	Power	Coal	United States	Parent
Baldwin Energy Station	Power	Coal	United States	Parent
Baldwin Energy Station	Power	Power	United States	Parent
Baldwin Solar BESS	Power	Power	US	Operating company
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Big Brown Steam Electric Station	Power	Coal	United States	Parent
Big Brown Steam Electric Station	Power	Power	United States	Parent
Big Brown Steam Electric Station	Power	Coal	United States	Parent
Big Brown Steam Electric Station	Power	Power	United States	Parent
Brightside solar farm	Power	Power	United States	Registered owner
CH Resources Beaver Falls power station	Power	Power	United States	Parent
CH Resources Beaver Falls power station	Power	Oil & Gas	United States	Parent
CH Resources Syracuse power station	Power	Power	United States	Parent
CH Resources Syracuse power station	Power	Oil & Gas	United States	Parent
Calumet Energy Team LLC	Power	Power	US	Registered owner
Castle Gap Solar Hybrid	Power	Power	United States	Registered owner
Coffeen Solar BESS	Power	Power	US	Operating company
Coffeen power station	Power	Coal	United States	Parent
Coffeen power station	Power	Power	United States	Parent
Coffeen power station	Power	Coal	United States	Parent
Coffeen power station	Power	Power	United States	Parent
Coffeen solar farm	Power	Power	United States	Registered owner
Coleto Creek power station	Power	Power	United States	Parent
Coleto Creek power station	Power	Coal	United States	Parent
Coleto Creek power station	Power	Power	United States	Parent
Coleto Creek power station	Power	Oil & Gas	United States	Parent
DeCordova Steam Electric Station	Power	Power	United States	Parent
DeCordova Steam Electric Station	Power	Oil & Gas	United States	Parent
DeCordova Steam Electric Station	Power	Oil & Gas	United States	Parent
DeCordova Steam Electric Station	Power	Oil & Gas	United States	Parent
DeCordova Steam Electric Station	Power	Oil & Gas	United States	Parent
DeCordova Steam Electric Station	Power	Power	United States	Parent
DeCordova Steam Electric Station	Power	Power	United States	Parent
DeCordova Steam Electric Station	Power	Power	United States	Parent
Dicks Creek power station	Power	Oil & Gas	United States	Parent
Dicks Creek power station	Power	Power	United States	Parent
Duck Creek Station	Power	Power	United States	Parent
Duck Creek Station	Power	Coal	United States	Parent
Duck Creek solar farm	Power	Power	United States	Registered owner
Dynegy Moss Landing power plant	Power	Power	United States	Parent
Dynegy Moss Landing power plant	Power	Oil & Gas	United States	Parent
Dynegy Moss Landing power plant	Power	Power	United States	Parent
Dynegy Moss Landing power plant	Power	Oil & Gas	United States	Parent
Dynegy Oakland Power Plant	Power	Power	United States	Parent
Dynegy Oakland Power Plant	Power	Oil & Gas	United States	Parent
Dynegy Oakland Power Plant	Power	Oil & Gas	United States	Parent
Dynegy Oakland Power Plant	Power	Power	United States	Parent
Dynegy Oakland Power Plant	Power	Power	United States	Parent
Dynegy Oakland Power Plant	Power	Oil & Gas	United States	Parent
ELCOSA power station	Power	Oil & Gas	Honduras	Registered owner
ELCOSA power station	Power	Power	Honduras	Registered owner
ELCOSA power station	Power	Oil & Gas	Honduras	Parent
ELCOSA power station	Power	Power	Honduras	Parent
Edwards Generation Plant	Power	Power	United States	Parent
Edwards Generation Plant	Power	Coal	United States	Parent
Edwards Generation Plant	Power	Power	United States	Parent
Edwards Generation Plant	Power	Coal	United States	Parent
Edwards Generation Plant	Power	Power	United States	Parent
Edwards Generation Plant	Power	Coal	United States	Parent
Emerald Grove solar farm	Power	Power	United States	Registered owner
Ennis Power Company power station	Power	Oil & Gas	United States	Parent
Ennis Power Company power station	Power	Power	United States	Parent
Fairless energy center	Power	Power	United States	Registered owner
Fairless energy center	Power	Oil & Gas	United States	Parent
Fairless energy center	Power	Power	United States	Registered owner
Fairless energy center	Power	Oil & Gas	United States	Parent
Fairless energy center	Power	Oil & Gas	United States	Registered owner
Fairless energy center	Power	Power	United States	Parent
Fairless energy center	Power	Power	United States	Parent
Fairless energy center	Power	Oil & Gas	United States	Registered owner
Fayette energy facility	Power	Oil & Gas	United States	Parent
Fayette energy facility	Power	Power	United States	Parent
Forest Grove - Dodd solar farm	Power	Power	United States	Registered owner
Forest Grove - Dodd solar farm	Power	Power	United States	Registered owner
Forney energy center	Power	Oil & Gas	United States	Parent
Forney energy center	Power	Power	United States	Parent
Forney energy center	Power	Power	United States	Parent
Forney energy center	Power	Oil & Gas	United States	Parent
Garrison energy center	Power	Oil & Gas	United States	Parent
Garrison energy center	Power	Oil & Gas	United States	Registered owner
Garrison energy center	Power	Power	United States	Parent
Garrison energy center	Power	Power	United States	Registered owner
Graham power station	Power	Power	United States	Parent
Graham power station	Power	Oil & Gas	United States	Parent
Graham power station	Power	Oil & Gas	United States	Parent
Graham power station	Power	Power	United States	Parent
Greenleaf 2 power plant	Power	Oil & Gas	United States	Parent
Greenleaf 2 power plant	Power	Power	United States	Parent
Hanging Rock energy facility	Power	Oil & Gas	United States	Parent
Hanging Rock energy facility	Power	Power	United States	Parent
Hanging Rock energy facility	Power	Power	United States	Parent
Hanging Rock energy facility	Power	Oil & Gas	United States	Parent
Havana power station	Power	Power	United States	Parent
Havana power station	Power	Coal	United States	Parent
Hays Energy Project	Power	Power	United States	Parent
Hays Energy Project	Power	Oil & Gas	United States	Parent
Hays Energy Project	Power	Oil & Gas	United States	Parent
Hays Energy Project	Power	Power	United States	Parent
Hays Energy Project	Power	Power	United States	Parent
Hays Energy Project	Power	Power	United States	Parent
Hays Energy Project	Power	Oil & Gas	United States	Parent
Hays Energy Project	Power	Oil & Gas	United States	Parent
Hazleton power station	Power	Oil & Gas	United States	Parent
Hazleton power station	Power	Power	United States	Parent
Hennepin power station	Power	Power	United States	Parent
Hennepin power station	Power	Power	United States	Parent
Hennepin power station	Power	Coal	United States	Parent
Hennepin power station	Power	Coal	United States	Parent
Hennepin solar farm	Power	Power	United States	Registered owner
Hopewell cogeneration power station	Power	Oil & Gas	United States	Parent
Hopewell cogeneration power station	Power	Power	United States	Parent
Hutsonville power station	Power	Power	United States	Parent
Hutsonville power station	Power	Power	United States	Parent
Hutsonville power station	Power	Coal	United States	Parent
Hutsonville power station	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Power	United States	Parent
Joppa Steam Plant	Power	Power	United States	Parent
Joppa Steam Plant	Power	Power	United States	Parent
Joppa Steam Plant	Power	Power	United States	Parent
Joppa Steam Plant	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Power	United States	Parent
Joppa Steam Plant	Power	Coal	United States	Parent
Joppa Steam Plant	Power	Power	United States	Parent
Kendall County generation facility	Power	Oil & Gas	United States	Parent
Kendall County generation facility	Power	Oil & Gas	United States	Parent
Kendall County generation facility	Power	Oil & Gas	United States	Parent
Kendall County generation facility	Power	Power	United States	Parent
Kendall County generation facility	Power	Power	United States	Parent
Kendall County generation facility	Power	Power	United States	Parent
Kendall County generation facility	Power	Power	United States	Parent
Kendall County generation facility	Power	Oil & Gas	United States	Parent
Kincaid Generating Station	Power	Coal	United States	Parent
Kincaid Generating Station	Power	Coal	United States	Parent
Kincaid Generating Station	Power	Power	United States	Parent
Kincaid Generating Station	Power	Power	United States	Parent
Kincaid solar farm	Power	Power	United States	Registered owner
Kline Cogeneration Facility	Power	Coal	United States	Registered owner
Kline Cogeneration Facility	Power	Coal	United States	Parent
Kline Cogeneration Facility	Power	Power	United States	Registered owner
Kline Cogeneration Facility	Power	Power	United States	Parent
Kosse Coal Mine	Coal mine	Coal	United States	Parent
Lake Hubbard power station	Power	Oil & Gas	United States	Parent
Lake Hubbard power station	Power	Oil & Gas	United States	Parent
Lake Hubbard power station	Power	Power	United States	Parent
Lake Hubbard power station	Power	Power	United States	Parent
Lake Road generating plant (CT)	Power	Oil & Gas	United States	Parent
Lake Road generating plant (CT)	Power	Oil & Gas	United States	Parent
Lake Road generating plant (CT)	Power	Power	United States	Parent
Lake Road generating plant (CT)	Power	Power	United States	Parent
Lake Road generating plant (CT)	Power	Oil & Gas	United States	Parent
Lake Road generating plant (CT)	Power	Power	United States	Parent
Lamar power project	Power	Power	United States	Parent
Lamar power project	Power	Oil & Gas	United States	Parent
Lamar power project	Power	Oil & Gas	United States	Parent
Lamar power project	Power	Power	United States	Parent
Liberty Electric power plant	Power	Oil & Gas	United States	Parent
Liberty Electric power plant	Power	Power	United States	Parent
Long Beach Generation LLC	Power	Power	US	Registered owner
MEPI GT Facility	Power	Power	United States	Parent
MEPI GT Facility	Power	Power	United States	Parent
MEPI GT Facility	Power	Oil & Gas	United States	Parent
MEPI GT Facility	Power	Oil & Gas	United States	Parent
MEPI GT Facility	Power	Power	United States	Parent
MEPI GT Facility	Power	Power	United States	Parent
MEPI GT Facility	Power	Oil & Gas	United States	Parent
MEPI GT Facility	Power	Power	United States	Parent
MEPI GT Facility	Power	Oil & Gas	United States	Parent
MEPI GT Facility	Power	Oil & Gas	United States	Parent
Maine Independence power station	Power	Oil & Gas	United States	Parent
Maine Independence power station	Power	Power	United States	Parent
Manchester Street power station	Power	Oil & Gas	United States	Parent
Manchester Street power station	Power	Oil & Gas	United States	Parent
Manchester Street power station	Power	Power	United States	Parent
Manchester Street power station	Power	Power	United States	Parent
Manchester Street power station	Power	Oil & Gas	United States	Parent
Manchester Street power station	Power	Power	United States	Parent
Martin Lake Steam Station	Power	Coal	United States	Parent
Martin Lake Steam Station	Power	Coal	United States	Parent
Martin Lake Steam Station	Power	Coal	United States	Parent
Martin Lake Steam Station	Power	Power	United States	Parent
Martin Lake Steam Station	Power	Power	United States	Parent
Martin Lake Steam Station	Power	Power	United States	Parent
Masspower power station	Power	Oil & Gas	United States	Parent
Masspower power station	Power	Power	United States	Parent
Miami Fort Station	Power	Power	United States	Parent
Miami Fort Station	Power	Power	United States	Parent
Miami Fort Station	Power	Power	United States	Parent
Miami Fort Station	Power	Coal	United States	Parent
Miami Fort Station	Power	Coal	United States	Parent
Miami Fort Station	Power	Coal	United States	Parent
Midlothian energy facility	Power	Oil & Gas	United States	Parent
Midlothian energy facility	Power	Oil & Gas	United States	Parent
Midlothian energy facility	Power	Oil & Gas	United States	Parent
Midlothian energy facility	Power	Power	United States	Parent
Midlothian energy facility	Power	Oil & Gas	United States	Parent
Midlothian energy facility	Power	Power	United States	Parent
Midlothian energy facility	Power	Power	United States	Parent
Midlothian energy facility	Power	Power	United States	Parent
Midlothian energy facility	Power	Power	United States	Parent
Midlothian energy facility	Power	Oil & Gas	United States	Parent
Midlothian energy facility	Power	Power	United States	Parent
Midlothian energy facility	Power	Oil & Gas	United States	Parent
Milford power project	Power	Power	United States	Parent
Milford power project	Power	Power	United States	Parent
Milford power project	Power	Oil & Gas	United States	Parent
Milford power project	Power	Oil & Gas	United States	Parent
Monticello Steam Station	Power	Coal	United States	Parent
Monticello Steam Station	Power	Coal	United States	Parent
Monticello Steam Station	Power	Power	United States	Parent
Monticello Steam Station	Power	Power	United States	Parent
Monticello Steam Station	Power	Coal	United States	Parent
Monticello Steam Station	Power	Power	United States	Parent
Morgan Creek power station	Power	Oil & Gas	United States	Parent
Morgan Creek power station	Power	Oil & Gas	United States	Parent
Morgan Creek power station	Power	Power	United States	Parent
Morgan Creek power station	Power	Power	United States	Parent
Morgan Creek power station	Power	Power	United States	Parent
Morgan Creek power station	Power	Oil & Gas	United States	Parent
Morgan Creek power station	Power	Power	United States	Parent
Morgan Creek power station	Power	Power	United States	Parent
Morgan Creek power station	Power	Oil & Gas	United States	Parent
Morgan Creek power station	Power	Oil & Gas	United States	Parent
Morgan Creek power station	Power	Power	United States	Parent
Morgan Creek power station	Power	Oil & Gas	United States	Parent
Newton Jasper Solar	Power	Power	United States	Registered owner
Newton Solar BESS LLC	Power	Power	US	Operating company
Newton power station	Power	Power	United States	Parent
Newton power station	Power	Coal	United States	Parent
Newton power station	Power	Power	United States	Parent
Newton power station	Power	Coal	United States	Parent
Oak Grove Plant	Power	Coal	United States	Parent
Oak Grove Plant	Power	Coal	United States	Parent
Oak Grove Plant	Power	Power	United States	Parent
Oak Grove Plant	Power	Power	United States	Parent
Oak Hill Dry Creek solar farm	Power	Power	United States	Registered owner
Odessa-Ector power plant	Power	Oil & Gas	United States	Parent
Odessa-Ector power plant	Power	Power	United States	Parent
Odessa-Ector power plant	Power	Power	United States	Parent
Odessa-Ector power plant	Power	Oil & Gas	United States	Parent
Ontelaunee energy center	Power	Oil & Gas	United States	Parent
Ontelaunee energy center	Power	Power	United States	Parent
Permian Basin power station	Power	Oil & Gas	United States	Parent
Permian Basin power station	Power	Power	United States	Parent
Permian Basin power station	Power	Power	United States	Parent
Permian Basin power station	Power	Power	United States	Parent
Permian Basin power station	Power	Power	United States	Parent
Permian Basin power station	Power	Power	United States	Parent
Permian Basin power station	Power	Oil & Gas	United States	Parent
Permian Basin power station	Power	Oil & Gas	United States	Parent
Permian Basin power station	Power	Oil & Gas	United States	Parent
Permian Basin power station	Power	Oil & Gas	United States	Parent
Permian Power power station	Power	Power	United States	Parent
Permian Power power station	Power	Oil & Gas	United States	Parent
Permian Power power station	Power	Oil & Gas	United States	Parent
Permian Power power station	Power	Power	United States	Parent
Pleasants Energy power station	Power	Power	United States	Parent
Pleasants Energy power station	Power	Oil & Gas	United States	Parent
Pleasants Energy power station	Power	Power	United States	Parent
Pleasants Energy power station	Power	Oil & Gas	United States	Parent
Richland power station	Power	Power	United States	Parent
Richland power station	Power	Oil & Gas	United States	Parent
Richland power station	Power	Oil & Gas	United States	Parent
Richland power station	Power	Power	United States	Parent
Richland power station	Power	Oil & Gas	United States	Parent
Richland power station	Power	Power	United States	Parent
Sandow power station	Power	Coal	United States	Parent
Sandow power station	Power	Power	United States	Parent
Sandow power station	Power	Coal	United States	Parent
Sandow power station	Power	Power	United States	Parent
Sandow power station	Power	Power	United States	Parent
Sandow power station	Power	Coal	United States	Parent
Sandow power station	Power	Coal	United States	Parent
Sandow power station	Power	Power	United States	Parent
Sandow power station	Power	Coal	United States	Parent
Sandow power station	Power	Power	United States	Parent
Sayreville Cogeneration Facility	Power	Power	US	Registered owner
Sayreville cogeneration facility	Power	Power	United States	Parent
Sayreville cogeneration facility	Power	Oil & Gas	United States	Parent
Sayreville cogeneration facility	Power	Oil & Gas	United States	Registered owner
Sayreville cogeneration facility	Power	Power	United States	Registered owner
Sithe Independence Station	Power	Oil & Gas	United States	Registered owner
Sithe Independence Station	Power	Oil & Gas	United States	Parent
Sithe Independence Station	Power	Power	United States	Registered owner
Sithe Independence Station	Power	Power	United States	Registered owner
Sithe Independence Station	Power	Oil & Gas	United States	Registered owner
Sithe Independence Station	Power	Oil & Gas	United States	Parent
Sithe Independence Station	Power	Power	United States	Parent
Sithe Independence Station	Power	Power	United States	Parent
Stryker Creek power station	Power	Oil & Gas	United States	Parent
Stryker Creek power station	Power	Oil & Gas	United States	Parent
Stryker Creek power station	Power	Power	United States	Parent
Stryker Creek power station	Power	Power	United States	Parent
Toronto Pearson Airport cogeneration complex	Power	Power	United States	Parent
Toronto Pearson Airport cogeneration complex	Power	Oil & Gas	United States	Parent
Trigen Syracuse Plant	Power	Power	United States	Parent
Trigen Syracuse Plant	Power	Coal	United States	Parent
Trinidad (TX) power station	Power	Oil & Gas	United States	Parent
Trinidad (TX) power station	Power	Power	United States	Parent
Vermilion power station	Power	Coal	United States	Parent
Vermilion power station	Power	Power	United States	Parent
Vermilion power station	Power	Coal	United States	Parent
Vermilion power station	Power	Power	United States	Parent
Washington energy facility (OH)	Power	Power	United States	Parent
Washington energy facility (OH)	Power	Oil & Gas	United States	Parent
Wise County power station	Power	Power	United States	Parent
Wise County power station	Power	Oil & Gas	United States	Parent
Wood River Station	Power	Coal	United States	Parent
Wood River Station	Power	Power	United States	Parent
Wood River Station	Power	Coal	United States	Parent
Wood River Station	Power	Power	United States	Parent
Zimmer Generating Station	Power	Coal	United States	Parent
Zimmer Generating Station	Power	Power	United States	Parent

Tracked physical assets associated with this issuer (operated, managed, or owned).

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— missing data

Data sources

Market data
Market data cache
Issuer disclosures
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Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income
Return On Assets
net_income / total_assets

Source documents

Victory Square Technologies Inc Market data — financials · 2026-05-29

Ownership & reference

Top holders

MASSACHUSETTS FINANCIAL SERVICES CO /MA/Institutional Investor · as of 2026-03-310,20 %$596M
Jennison Associates LLCInvestment Managers · as of 2026-03-310,16 %$229M
JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,13 %$254M
FMR LLCInstitutional Investor · as of 2026-03-310,13 %$2 376M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,12 %$691M
Dimensional Fund Advisors, L.P.Investment Managers · as of 2026-03-310,11 %$517M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,10 %$6 710M
Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,10 %$390M
State Street Investment Management (US)Investment Managers · as of 2026-03-310,09 %$2 521M
Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,08 %$1 353M
American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,08 %$159M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,07 %$1 241M
Invesco QQQ TrustFunds · as of 2026-03-310,07 %$474M
Nuveen LLCInvestment Managers · as of 2024-12-310,07 %$244M
Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,07 %$218M
Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,07 %$502M
Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,07 %$359M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,06 %$473M
BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,05 %$2 335M
Capital Research Global InvestorsInvestment Managers · as of 2026-03-310,05 %$381M
Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,05 %$313M
Arrowstreet Capital, Limited PartnershipInvestment Managers · as of 2026-03-310,05 %$87M
T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,05 %$0M
Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,03 %$164M
Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,03 %$59M
First Trust Advisors L.P.Investment Managers · as of 2026-03-310,03 %$37M
Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,03 %$140M
AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,02 %$106M
AllianceBernstein L.P.Investment Managers · as of 2026-03-310,02 %$61M
LPL Financial LLCInvestment Managers · as of 2026-03-310,02 %$64M
AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,01 %$23M
Victory Capital Management Inc.Investment Managers · as of 2026-03-310,01 %$16M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,01 %$16M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$7M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
Fisher InvestmentsInvestment Managers · as of 2026-03-310,00 %$0M

Leadership

James A. BurkePresident, Chief Executive Officer, Director

Insider activity

Net selling0 buys · 9 sellsnet -$10,9M16 insiders · last 365d

Acosta ArciliaDirector · Common StockSold 7 500 @ $165,04$1,2M · 2026-06-18
Acosta ArciliaDirector · Common StockSold 7 500 @ $170,00$1,3M · 2026-06-18
SULT JOHN RDirector · Common StockSold 6 500 @ $170,00$1,1M · 2026-06-18
HELM SCOTT BDirector · Common StockSold 25 000 @ $160,00$4,0M · 2026-06-16
BARBAS PAUL MDirector · Common StockSold 244 @ $153,00$37K · 2026-06-15
BARBAS PAUL MDirector · Common StockSold 244 @ $147,93$36K · 2026-06-12
Montemayor MargaretSVP, Chief Accounting Officer · Common StockSold 4 600 @ $160,00$736K · 2026-06-02
Montemayor MargaretSVP, Chief Accounting Officer · Common StockSold 5 000 @ $164,96$825K · 2026-05-27
HELM SCOTT BDirector · Common StockOther 2 008 · 2026-05-15
Pitesa John WilliamDirector · Common StockOther 1 268 · 2026-05-15
SULT JOHN RDirector · Common StockOther 1 268 · 2026-05-15
Acosta ArciliaDirector · Common StockOther 1 268 · 2026-05-15
Baiera Gavin R.Director · Common StockOther 1 268 · 2026-05-15
Crutchfield LisaDirector · Common StockOther 1 268 · 2026-05-15
BARBAS PAUL MDirector · Common StockOther 1 268 · 2026-05-15
Ackermann Hilary E.Director · Common StockOther 1 268 · 2026-05-15
Walters Robert CharlesDirector · Common StockOther 1 268 · 2026-05-15
Lagacy Julie A.Director · Common StockOther 1 268 · 2026-05-15
Moore Stephanie ZapataEVP and General Counsel · Common StockSold 10 000 @ $160,31$1,6M · 2026-03-09
Dore Stacey HEVP & Chief Strategy Officer · Common StockOther 4 186 @ $167,40$701K · 2026-03-05
Montemayor MargaretSVP, Chief Accounting Officer · Common StockOther 561 @ $167,40$94K · 2026-03-05
Montemayor MargaretSVP, Chief Accounting Officer · Common StockOther 1 989 · 2026-03-05
Moldovan Kristopher E.EVP and CFO · Common StockOther 4 226 @ $167,40$707K · 2026-03-05
Moldovan Kristopher E.EVP and CFO · Common StockOther 10 712 · 2026-03-05
BURKE JAMES ADirector, President and CEO · Common StockOther 9 380 @ $167,40$1,6M · 2026-03-05

Short positioning

12.6Mshares short-20.8% vs prior

3.17days to cover

45.5%short of daily vol

408fails-to-deliver

as of 2026-07-15 · short-interest report (free)

Index membership

S&P 500United States

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

VST.CDCanonical

— · USD

Intel & risk

PredictorM&A prob3 %Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

Operating income (YoY) (2025-12-31 vs 2024-12-31): -53.3%Derived (calculated)
Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -33.9%Derived (calculated)
Revenue (YoY) (2025-12-31 vs 2024-12-31): 3.0%Derived (calculated)
Net margin (FY 2025-12-31): 5.3%Derived (calculated)
EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -68.9%Derived (calculated)
Return on equity (FY 2025-12-31): 18.5%Derived (calculated)
Net income (YoY) (2025-12-31 vs 2024-12-31): -64.5%Derived (calculated)
Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 4.6%Derived (calculated)
Return on assets (FY 2025-12-31): 2.3%Derived (calculated)
Total assets (YoY) (2025-12-31 vs 2024-12-31): 10.0%Derived (calculated)
Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 13.2%Derived (calculated)
EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -69.0%Derived (calculated)
Current ratio (FY 2025-12-31): 0.78xDerived (calculated)
Debt-to-equity (FY 2025-12-31): 7.15xDerived (calculated)
Capex (YoY) (2025-12-31 vs 2024-12-31): 32.4%Derived (calculated)
Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -8.5%Derived (calculated)
Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -10.8%Derived (calculated)
Shareholders' equity (annual): USD 5.1BSEC XBRL filing
Cash & equivalents (annual): USD 785MSEC XBRL filing
Operating income (annual): USD 1.91BSEC XBRL filing
Revenue (annual): USD 17.74BSEC XBRL filing
Capex (annual): USD 2.75BSEC XBRL filing
Total assets (annual): USD 41.55BSEC XBRL filing
Total liabilities (annual): USD 36.44BSEC XBRL filing

Showing 24 of 60 surfaced claims.

Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

The Thread

Everything we know, in order

2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date

2026-07-17 04:34 UTCNEWSVistra Corp. files 8-K disclosing material corporate developments → The utility operator reports significant events under SEC items 1.01 and 2.03, prompting a review of its strategic posture.

2026-07-17 04:26 UTCFILINGMaterial 8-K

2026-06-30 10:55 UTCNEWSRadhakishan Damani's dividend picks: VST Industries and Advani Hotels → The Future Group founder's portfolio highlights two Indian firms with strong payout histories, signaling a preference for income stability amid market volatility.

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: insider_flow_signal (90d)

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)

2026-06-26 03:13 UTCHOLDERInstitutional holding changed

2026-06-26 03:13 UTCHOLDER1 institutional position change flagged (1 major)

2026-06-25 03:10 UTCHOLDERInstitutional holding changed

2026-06-25 03:10 UTCHOLDER1 institutional position change flagged (1 major)

2026-06-18 00:00 UTCINSIDER7 insider transactions — 2026-06 · net sell $8.4M

2026-06-18INSIDERAcosta Arcilia sold 7.5k sh — Director ~$1.24M

2026-06-18INSIDERSULT JOHN R sold 6.5k sh — Director ~$1.10M

2026-06-16INSIDERHELM SCOTT B sold 25.0k sh — Director ~$4.00M

2026-06-15INSIDERBARBAS PAUL M sold 244 sh — Director ~$37k

2026-06-12INSIDERBARBAS PAUL M sold 244 sh — Director ~$36k

2026-06-02INSIDERMontemayor Margaret sold 4.6k sh — SVP, Chief Accounting Officer ~$736k

2026-05-27 00:00 UTCINSIDER11 insider transactions — 2026-05 · net sell $825k

2026-05-27INSIDERMontemayor Margaret sold 5.0k sh — SVP, Chief Accounting Officer ~$825k

2026-05-15INSIDERHELM SCOTT B transacted 2.0k sh — Director

2026-05-15INSIDERPitesa John William transacted 1.3k sh — Director

2026-05-15INSIDERSULT JOHN R transacted 1.3k sh — Director

2026-05-15INSIDERAcosta Arcilia transacted 1.3k sh — Director

2026-05-15INSIDERBaiera Gavin R. transacted 1.3k sh — Director

2026-05-15INSIDERCrutchfield Lisa transacted 1.3k sh — Director

2026-05-15INSIDERBARBAS PAUL M transacted 1.3k sh — Director

2026-05-15INSIDERAckermann Hilary E. transacted 1.3k sh — Director

2026-05-15INSIDERWalters Robert Charles transacted 1.3k sh — Director

2026-05-15INSIDERLagacy Julie A. transacted 1.3k sh — Director

2026-05-08FILING10-Q filing →

2026-05-07FILING8-K filing →

2026-05-04FILING8-K filing →

2026-05-01 05:03 UTCFILINGRegulatory filing →

2026-04-28FILING8-K filing →

2026-03-18FILINGDEF 14A filing →

2026-03-09 00:00 UTCINSIDER13 insider transactions — 2026-03 · net sell $5.5M

2026-03-09INSIDERMoore Stephanie Zapata sold 10.0k sh — EVP and General Counsel ~$1.60M

Showing the 40 most recent of 64 entries.

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