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Versus Systems Inc.

Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $1.07
52-Week Range: $0.75 – $2.47
Market Cap: $6.74M
P/E (TTM): —
EPS (TTM): -0.35
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 0.57
PEG Ratio: —
Return on Equity: -58.58%
Return on Assets: -32.99%
Gross Margin: 100.00%
Operating Margin: 39.84%
Profit Margin: -113.18%
Current Ratio: 4.00
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $-1.33M
Revenue Growth: -24.70%
Earnings Growth: -30.40%
Enterprise Value: $-2.91M

VS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.11M	$271.17K	$57.29K	$2.18M
Cost of Revenue	$617.05K	$103.07K	$40.28K	$16.45K
Gross Profit	$491.79K	$168.10K	$17.01K	$2.17M
Research & Development	$2.41M	$1.11M	$246.02K	$48.06K
Selling, General & Admin	$11.84M	$5.59M	$4.31M	$4.28M
Operating Expenses	$14.24M	$6.70M	$4.56M	$4.33M
Operating Income	-$13.75M	-$6.53M	-$4.54M	-$2.16M
EBITDA	-$10.72M	-$4.06M	-$4.54M	-$2.16M
Pretax Income	-$22.47M	-$10.51M	-$4.55M	-$2.14M
Income Tax	$0.00	$0.00	$24.23K	$1.60K
Net Income	-$22.47M	-$9.53M	-$4.04M	-$1.79M
Diluted EPS	-192.89	-10.44	-1.54	-0.37
Diluted Shares	103773	912717	2.63M	4.90M

VS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.18M	$4.69M	$3.07M	$527.39K
Receivables	$60.75K	$18.22K	$0.00	$836.00K
Current Assets	$1.46M	$4.87M	$3.54M	$1.45M
Total Assets	$8.06M	$4.88M	$3.54M	$2.06M
Current Liabilities	$3.32M	$321.48K	$26.29K	$142.76K
Total Debt	$2.73M	$0.00	—	—
Total Liabilities	$3.32M	$321.48K	$26.29K	$142.76K
Retained Earnings	-$125.91M	-$135.43M	-$139.48M	-$141.27M
Shareholders' Equity	$11.14M	$11.94M	$11.43M	$10.19M
Working Capital	-$1.86M	$4.55M	$3.51M	$1.31M
Net Debt	$1.43M	—	—	—

VS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$9.15M	-$5.58M	-$4.97M	-$2.05M
Capital Expenditure	-$2.54M	-$19.41K	—	-$609.00K
Free Cash Flow	-$11.69M	-$5.60M	-$4.97M	-$2.66M
Depreciation & Amortisation	$3.03M	$2.47M	$1.69K	$0.00
Stock-Based Compensation	$1.57M	-$1.45M	$160.87K	$430.43K
Investing Cash Flow	-$2.54M	-$14.51K	$0.00	-$609.00K
Financing Cash Flow	$11.19M	$9.05M	$3.28M	$0.00
Net Change in Cash	-$499.31K	$3.45M	-$1.69M	-$2.66M

VS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$199.35K	$1.98M	$0.00	$4.07K	$17.30K	$1.49M
Cost of Revenue	$8.22K	$8.22K	$0.00	$0.00	$0.00	$0.00
Gross Profit	$191.12K	$1.97M	$0.00	$4.07K	$17.30K	$1.49M
Research & Development	$6.15K	$6.22K	$14.47K	$21.23K	$0.00	$0.00
Selling, General & Admin	$1.36M	$1.03M	$741.93K	$1.15M	$836.00K	$897.55K
Operating Expenses	$1.36M	$1.03M	$756.40K	$1.18M	$836.00K	$897.55K
Operating Income	-$1.17M	$938.80K	-$756.40K	-$1.17M	-$818.70K	$594.27K
EBITDA	-$1.17M	$938.80K	-$756.40K	-$1.17M	-$818.70K	$594.27K
Pretax Income	-$1.16M	$942.46K	-$756.40K	-$1.17M	-$818.70K	$594.27K
Income Tax	$0.00	$0.00	$1.60K	$0.00	$0.00	$0.00
Net Income	-$961.75K	$672.34K	-$537.82K	-$964.94K	-$683.20K	$473.30K
Diluted EPS	-0.20	0.14	-0.11	—	-0.14	0.10
Diluted Shares	4.90M	4.93M	4.90M	—	4.90M	4.96M

VS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$2.43M	$1.68M	$1.41M	$527.39K	$422.90K	$1.36M
Receivables	—	$1.98M	$1.17M	$836.00K	$193.30K	$1.60M
Current Assets	$2.73M	$3.84M	$2.77M	$1.45M	$722.95K	$3.05M
Total Assets	$2.73M	$3.84M	$3.07M	$2.06M	$1.66M	$4.31M
Current Liabilities	$2.06K	$34.19K	$2.48K	$142.76K	$459.34K	$761.50K
Total Liabilities	$2.06K	$34.19K	$2.48K	$142.76K	$459.34K	$761.50K
Retained Earnings	-$140.44M	-$139.77M	-$140.30M	-$141.27M	-$141.95M	-$141.48M
Shareholders' Equity	$10.84M	$11.65M	$11.14M	$10.19M	$9.61M	$11.84M
Working Capital	$2.73M	$3.81M	$2.77M	$1.31M	$263.61K	$2.29M

VS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$641.45K	-$867.53K	$24.70K	-$568.60K	$143.99K	-$475.19K
Capital Expenditure	—	—	—	-$309.00K	-$327.00K	-$327.00K
Free Cash Flow	-$641.45K	-$867.53K	-$275.30K	-$877.60K	-$183.01K	-$802.19K
Depreciation & Amortisation	—	—	—	$0.00	—	—
Stock-Based Compensation	$366.00K	$21.48K	$21.48K	$21.48K	$21.48K	$15.62K
Investing Cash Flow	$0.00	$0.00	-$300.00K	-$309.00K	-$327.00K	-$327.00K
Net Change in Cash	-$641.45K	-$867.53K	-$275.30K	-$877.60K	-$183.01K	$897.81K

Market Snapshot

About

Versus Systems Inc. is a technology company that develops and operates a proprietary in-game prizing and promotions platform. The platform allows game publishers and developers to offer real-world prizes and rewards within their games, apps, and streaming media. Versus Systems aims to create new revenue opportunities for game developers while enhancing player engagement through interactive rewards.