Versus Systems Inc. (VS) Financial Statements
Industry: Computer Processing & Data Preparation (Services)
In fiscal 2025, Versus Systems reported revenue of $2.2M, up 3711.3% from $57,288 the year before. Net income was -$1.8M (a -82.1% net margin), or -$0.37 per diluted share. Gross margin was 99.2% and operating margin was -99.0%. Operating activities generated -$2.1M of cash. At fiscal year end, Versus Systems held $2.1M in total assets against $142,759 in total liabilities, including $527,388 of cash and equivalents.
Open the full interactive Versus Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Versus Systems Key Stats
| Share Price | $1.01 |
|---|---|
| Market Cap | $5.0M |
| 52-Week Range | $0.80 – $2.12 |
| Shares Outstanding | 5.0 million (basic, 2026 Q2) |
Versus Systems Income Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Revenue | $271,169 | $57,288 | $2.2M |
| Gross Profit | $168,102 | $17,011 | $2.2M |
| Operating Income | -$10.9M | -$4.5M | -$2.2M |
| Pre-Tax Income | -$10.5M | -$4.6M | -$2.1M |
| Income Tax | — | $24,226 | $1,596 |
| Net Income | -$10.5M | -$4.0M | -$1.8M |
| Diluted EPS | -$10.44 | -$1.54 | -$0.37 |
Versus Systems Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | — | — | $17,300 | $6,821 |
| Net Income | -$537,815 | -$964,940 | -$683,200 | $473,297 |
| Diluted EPS | -$0.11 | -$0.20 | -$0.14 | $0.10 |
Versus Systems Balance Sheet
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash & Equivalents | — | $3.1M | $527,388 |
| Current Assets | $4.9M | $3.5M | $1.5M |
| Total Assets | $4.9M | $3.5M | $2.1M |
| Current Liabilities | $321,476 | $26,288 | $142,759 |
| Total Liabilities | $321,476 | $26,288 | $142,759 |
| Shareholders' Equity | $11.9M | $11.4M | $10.2M |
Versus Systems Cash Flow Statement
| FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|
| Cash From Operations | -$5.5M | -$5.0M | -$2.1M |
| Cash From Investing | -$14,514 | — | -$609,000 |
| Cash From Financing | $9.0M | $3.3M | — |
| Free Cash Flow | -$5.6M | — | — |
Figures from Versus Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Versus Systems financials page for every line item.
Versus Systems Company Profile
| Ticker | VS |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Processing & Data Preparation (Services) |
| Headquarters | Vancouver |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001701963 |
Frequently Asked Questions
What was Versus Systems' revenue in fiscal 2025?
Versus Systems (VS) reported revenue of $2.2M for fiscal 2025.
What is Versus Systems' annual revenue history?
Versus Systems' annual revenue by fiscal year: 2023: $271,169; 2024: $57,288; 2025: $2.2M.
What was Versus Systems' net income in fiscal 2025?
Versus Systems reported net income of -$1.8M for fiscal 2025.
What was Versus Systems' earnings per share (EPS) in fiscal 2025?
Versus Systems' diluted EPS was -$0.37 for fiscal 2025 (adjusted for any later stock splits).
What was Versus Systems' revenue last quarter?
In its most recent reported quarter (2026 Q2), Versus Systems reported revenue of $6,821.
How many shares of Versus Systems are outstanding?
Versus Systems reported a weighted average of 5.0 million basic shares outstanding in 2026 Q2.
What is Versus Systems' market cap?
Based on its latest closing price, Versus Systems (VS) has a market capitalization of about $5.0M.
When does Versus Systems' fiscal year end?
Versus Systems' fiscal year end, as registered with the SEC, is December 31.
Where is Versus Systems headquartered?
Versus Systems lists its business address in Vancouver in its SEC filings.