Versus Systems Inc (VS)

Name: Versus Systems Inc Financial Statements
Creator: Quarter Results

Technology | Software Application

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$17.3K

Net Income

-$683K

Operating Margin

-4,732.3%

Free Cash Flow

-$5.0M

Debt / Assets

0.7%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Versus Systems Inc (VS).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	17,300	199,347	1,202	3,848
Cost of Revenue	0	8,223	601	0
Gross Profit	17,300	191,124	601	3,848
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	835,995	1,357,736	881,757	521,410
Operating Expenses	835,995	1,363,885	1,009,699	532,872
Operating Income	-818,695	-1,172,761	-1,009,098	-529,024
Interest Expense	0	0	0	0
Income Before Tax	-818,695	-961,746	-1,020,234	-528,951
Income Tax Expense	0	0	24,226	0
Net Income	-683,200	-961,746	-511,955	-528,951
Per Share
EPS	-0.14	-0.20	-0.19	-0.21
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Versus Systems Inc (VS).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	2,183,415	57,288	271,169	1,108,840	768,650
Cost of Revenue	16,446	40,277	103,067	19,125,195,000,000	0
Gross Profit	2,166,969	17,011	168,102	-19,125,193,891,160	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	5,873,010	4,310,218	5,590,804	10,550,332	12,695,461
Operating Expenses	4,328,279	4,556,237	10,917,409	14,840,451	15,010,079
Operating Income	-2,161,310	-4,539,226	-10,749,307	-22,062,618	-15,481,964
Interest Expense	0	0	0	122,992	153,425
Income Before Tax	-2,143,137	-4,550,610	-10,512,157	-21,762,333	-17,847,892
Income Tax Expense	1,596	24,226	0	7,846,960	0
Net Income	-1,792,166	-4,042,331	-10,512,157	-29,609,293	-17,847,892
Per Share
EPS	-0.37	-1.54	-10.44	-17.83	-2.49
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Versus Systems Inc (VS).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	3,065,914	4,689,007	1,178,846	1,678,156
Short Term Investments	0	0	0	0
Net Receivables	0	18,222	60,749	123,617
Inventory	0	0	1	0
Total Current Assets	3,535,560	4,867,703	1,462,821	2,354,512
Property Plant Equipment	0	1,935	172,841	326,945
Goodwill and Intangibles	0	0	7,068,366	15,753,167
Total Assets	3,535,560	4,878,317	8,802,517	18,543,692
Liabilities
Account Payables	26,288	82,579	138,276	386,030
Short Term Debt	0	0	2,733,273	2,346,991
Total Current Liabilities	26,288	321,476	3,324,558	3,372,894
Long Term Debt	0	0	2,237,751,000,000	807,075
Total Liabilities	26,288	321,476	3,324,558	4,541,024
Shareholders Equity
Retained Earnings	-200,523,757	-135,434,022	-125,182,412	-100,995,334
Total Shareholders Equity	11,429,324	11,944,388	11,861,088	22,624,249

Balance sheet annual history for Versus Systems Inc (VS).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	3,065,914	4,689,007	1,178,846	1,678,156	2,965,957
Short Term Investments	0	0	0	0	0
Net Receivables	0	18,222	60,749	123,617	603,870
Inventory	0	0	1	0	0
Total Current Assets	3,535,560	4,867,703	1,462,821	2,354,512	4,110,862
Property Plant Equipment	0	1,935	172,841	326,945	625,938
Goodwill and Intangibles	0	0	7,068,366	15,753,167	2,256,903
Total Assets	3,535,560	4,878,317	8,802,517	18,543,692	7,133,012
Liabilities
Account Payables	26,288	82,579	138,276	386,030	716,177
Short Term Debt	0	0	2,733,273	2,346,991	3,247,416
Total Current Liabilities	26,288	321,476	3,324,558	3,372,894	5,142,241
Long Term Debt	0	0	2,237,751,000,000	807,075	3,468,154
Total Liabilities	26,288	321,476	3,324,558	4,541,024	8,610,395
Shareholders Equity
Retained Earnings	-200,523,757	-135,434,022	-125,182,412	-100,995,334	-114,270,214
Total Shareholders Equity	11,429,324	11,944,388	11,861,088	22,624,249	6,069,652

Cash flow quarterly history for Versus Systems Inc (VS).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-4,574,836	-9,526,997	-21,762,333	-17,847,892
Depreciation & Amortization	1,688	2,468,199	3,210,732	2,345,411
Stock Based Compensation	160,865	-1,452,380	1,567,583	2,145,928
Change in Working Capital	-577,460	-68,020	-217,050	-886,245
Operating Cash Flow	-4,971,948	-5,520,904	-9,153,545	-12,893,217
Investing Activities
Capital Expenditure	0	-19,413	-2,536,832	-2,426,726
Investments	0	-19,413	-2,536,832	-74,478
Investing Cash Flow	0	-14,514	-2,536,832	-2,511,827
Financing Activities
Debt Repayment	2,500,000	-2,519,840	-324,004	-744,316
Common Stock Issued/Repurchased	778,235	11,693,973	13,251,733	11,040,000
Dividends Paid	0	0	0	0
Financing Cash Flow	3,278,235	9,045,578	11,191,067	14,799,938
Summary
Free Cash Flow	-4,971,948	-5,540,317	-11,690,377	-15,319,943
Net Change in Cash	-1,623,093	3,510,160	-499,310	-605,106

Cash flow annual history for Versus Systems Inc (VS).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-4,574,836	-9,526,997	-21,762,333	-17,847,892	-7,748,575
Depreciation & Amortization	1,688	2,468,199	3,210,732	2,345,411	2,030,032
Stock Based Compensation	160,865	-1,452,380	1,567,583	2,145,928	1,407,414
Change in Working Capital	-577,460	-68,020	-217,050	-886,245	-46,515
Operating Cash Flow	-4,971,948	-5,520,904	-9,153,545	-12,893,217	-5,093,562
Investing Activities
Capital Expenditure	0	-19,413	-2,536,832	-2,426,726	-1,411,797
Investments	0	-19,413	-2,536,832	-74,478	0
Investing Cash Flow	0	-14,514	-2,536,832	-2,511,827	-1,221,401
Financing Activities
Debt Repayment	2,500,000	-2,519,840	-324,004	-744,316	-745,819
Common Stock Issued/Repurchased	778,235	11,693,973	13,251,733	11,040,000	7,980,413
Dividends Paid	0	0	0	0	0
Financing Cash Flow	3,278,235	9,045,578	11,191,067	14,799,938	9,181,711
Summary
Free Cash Flow	-4,971,948	-5,540,317	-11,690,377	-15,319,943	-6,505,359
Net Change in Cash	-1,623,093	3,510,160	-499,310	-605,106	2,866,748