Versus Systems Inc. VS
mission is to reinvent the way our customers interact with consumers through live events, games, apps and streaming content by delivering
a great brand experience.
offer a suite of proprietary business-to-business software solutions designed to enhance user engagement through gamification and rewards.
These tools allow our partners to offer in-game prizing and rewards, including merchandise, coupons, digital goods, and sweepstakes entries — inside
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M | $57.3K | $271.2K | $1.1M | $768.6K | $1.4M | $501.2K | — |
| Cost of revenue | $16.4K | $40.3K | $103.1K | $617.0K | — | — | — | — |
| Gross profit | $2.2M | $17.0K | $168.1K | $491.8K | — | — | — | — |
| R&D | $48.1K | $246.0K | $1.1M | $2.4M | — | — | — | — |
| SG&A | $4.3M | $4.3M | $5.9M | $11.8M | — | — | — | — |
| Total operating expenses | $4.3M | $4.6M | $11.0M | $23.2M | — | — | — | — |
| Operating income | -$2.2M | -$4.5M | -$10.9M | -$22.7M | — | — | — | — |
| Pre-tax income | -$2.1M | -$4.6M | -$10.5M | -$22.5M | — | — | — | — |
| Income tax | $1.6K | $24.2K | — | — | — | — | — | — |
| Net income | -$1.8M | -$4.0M | -$9.5M | -$22.5M | -$17.8M | -$6.9M | -$7.3M | — |
| EPS, basic | -0.37 | -1.54 | -10.44 | -192.89 | — | — | — | — |
| EPS, diluted | -0.37 | -1.54 | -10.44 | -192.89 | — | — | — | — |
| Shares, diluted (wtd. avg.) | $4.9M | $2.6M | $912.7K | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $527.4K | $3.1M | $4.7M | $1.2M | $1.7M | — | — | — |
| Receivables | $836.0K | — | $18.2K | $60.7K | — | — | — | — |
| Total current assets | $1.5M | $3.5M | $4.9M | $1.5M | — | — | — | — |
| Property, plant and equipment | — | — | $1.9K | $94.0K | — | — | — | — |
| Other intangibles | $609.0K | — | — | $6.4M | — | — | — | — |
| Total assets | $2.1M | $3.5M | $4.9M | $8.1M | $18.5M | $5.5M | $3.1M | — |
| Accounts payable | $142.8K | $26.3K | $82.6K | $138.3K | — | — | — | — |
| Total current liabilities | $142.8K | $26.3K | $321.5K | $3.3M | — | — | — | — |
| Total liabilities | $142.8K | $26.3K | $321.5K | $3.3M | — | — | — | — |
| Retained earnings | -$141.3M | -$139.5M | -$135.4M | -$125.9M | — | — | — | — |
| Total equity | $10.2M | $11.4M | $4.6M | $4.7M | $14.0M | -$1.1M | -$2.2M | -$612.5K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2.1M | -$5.0M | -$5.6M | -$9.2M | — | — | — | — |
| Depreciation and amortisation | — | $1.7K | $23.6K | — | — | — | — | — |
| Stock-based compensation | $430.4K | $160.9K | -$1.5M | $1.6M | — | — | — | — |
| Capital expenditure | — | — | — | $40.2K | — | — | — | — |
| Investing cash flow | -$609.0K | — | -$14.5K | -$2.5M | — | — | — | — |
| Financing cash flow | — | $3.3M | $9.0M | $11.2M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-044110.
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