SequelSEC

Versus Systems Inc. VS

Services-Computer Processing & Data Preparation · CIK 0001701963 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$2.18M
Fiscal year ended 2025-12-31
Operating income
-$2.16M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Versus Systems Inc. (VS) reported revenue of $2.18M and net income of -$1.79M for the fiscal year ended 2025-12-31. This page shows 4 annual periods of income statement, balance sheet and cash flow figures normalized from Versus Systems Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Processing & Data Preparation.

Income

Versus Systems Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Revenue$2.18M$57.29K$271.17K$1.11M
Cost of revenue$16.45K$40.28K$103.07K$617.05K
Gross profit$2.17M$17.01K$168.10K$491.79K
Operating income-$2.16M-$4.54M-$10.85M-$22.67M
Net income-$1.79M-$4.04M-$9.53M-$22.47M
Research & development$48.06K$246.02K$1.11M$2.41M
Weighted-average diluted sharesshares 4.90Mshares 2.63MUnavailableUnavailable
Pretax income-$2.14M-$4.55M-$10.51M-$22.47M
Income tax expense$1.60K$24.23KUnavailableUnavailable
Diluted EPS$-0.37$-1.54$-10.44$-192.89
Selling, general & administrative$4.28M$4.31M$5.94M$11.84M
General & administrativeUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailable

Balance

Versus Systems Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Cash & equivalents$527.39K$3.07M$4.69MUnavailable
Total assets$2.06M$3.54M$4.88M$8.06M
Current assets$1.45M$3.54M$4.87M$1.46M
Total liabilities$142.76K$26.29K$321.48K$3.32M
Current liabilities$142.76K$26.29K$321.48K$3.32M
Total equity incl. NCI$1.92M$3.51M$4.56M$4.73M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailable
Accounts receivable$836.00KUnavailable$18.22K$60.75K
GoodwillUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailable$26.29K$82.58K$138.28K

Cash flow

Versus Systems Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Operating cash flow-$2.05M-$4.97M-$5.58M-$9.15M
Capital expendituresUnavailableUnavailableUnavailable$40.21K
Investing cash flow-$609.00KUnavailable-$14.51K-$2.54M
Financing cash flowUnavailable$3.28M$9.05M$11.19M
Net change in cash-$2.54M-$1.62M$3.51MUnavailable
Stock-based compensation$430.43K$160.86K-$1.45M$1.57M
Common dividends paidUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailable

Derived

Versus Systems Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-31
Free cash flowUnavailableUnavailableUnavailable-$9.19M
Gross margin99.2%29.7%62.0%44.4%
Operating margin-99.0%-7923.5%-4002.1%-2044.6%
FCF marginUnavailableUnavailableUnavailable-829.1%
SBC / revenue19.7%280.8%-535.6%141.4%
Current ratio10.17x134.49x15.14x0.44x
Revenue YoY growth3711.3%-78.9%-75.5%Unavailable
Net margin-82.1%-7056.2%-3513.3%-2026.7%
R&D / revenue2.2%429.4%408.3%217.0%
CapEx / revenueUnavailableUnavailableUnavailable3.6%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VS in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-14View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-04-15View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q/A · Filed 2025-08-14View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.