Vitalist Inc. Announces Q2 2026 Financial Results

November 13, 2025 — Leads & Copy —

Calgary-based Vitalist Inc. (TSXV: VITA), a smartwatch company known for partnerships with global brands, has announced its financial results for the six months ended September 30, 2025 (“Q2 2026”). The company saw increased revenue due to the launch of Reebok smartwatches and anticipates further growth with its VitalOS™ platform.

Q2 2026 highlights include revenue of $2.12 million for the three-month period ended September 30, 2025, a 42% increase compared to the previous year. Revenue for the six-month period reached $3.79 million, a 34% increase. These increases are attributed to the launch of Reebok smartwatches in August 2025, which have a higher price per unit compared to Motorola smartwatches sold in previous periods.

Unit sales also increased, with a 32% rise in the three months ended September 30, 2025, and a 25% increase for the six-month period, compared to the previous year.

Gross profit margin for the three-month period was 36%, up from 33% in the prior year. The gross profit margin for the six-month period was 32%, compared to 36% in the prior year; however, in absolute terms, it had increased by $0.21 million. The increase in gross margin is due to Reebok Smart watches being sold at a higher gross margin compared to the Motorola products.

The company reported a net income of $0.15 million for the three months ended September 30, 2025, and a net loss of $0.31 million for the six months ended September 30, 2025. This represents an improvement compared to the previous year, where the company incurred net losses of $0.81 million and $1.35 million for the three and six months ended September 30, 2024, respectively. This upturn is primarily due to increased revenue, improved gross margin, and gains on modification of financial instruments totaling $1.58 million and $2.16 million for the three and six-month periods, respectively.

Operating cash outflows totaled $2.44 million for the six months ended September 30, 2025, an increase from $0.23 million in the same period of 2024. This rise is mainly due to unfavorable changes in working capital, resulting from a prepayment of royalty licensing fees for the Reebok Brand Licensing Agreement and increased accounts receivables from higher sales.

The company's outlook includes a recent rebranding and a shift toward developing the VitalOS™ platform, a 5-year exclusive brand licensing agreement with Authentic Brands Group for Reebok smartwatches in the Americas, and the launch of Reebok Pulse and Icon smartwatches in August 2025. The initial Reebok collection is performing well in retail channels with higher gross margins than previous Motorola products. The VitalOS™ platform is expected to launch in the fourth quarter of 2025, with new VitalOS™-powered products anticipated in the first quarter of 2026. The Company said this launch will integrate biometric data and deliver enhanced user experiences.

Kalvie Legat, Chief Executive Officer +1 403 560-9635 ir@vitalist.co

Source: Vitalist Inc.