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
Last close
0.98
2026-10-23
Market cap
$6.1M
2026-06-30 share count
52-week range
0.75 - 2.10
Valuation FY2025 figures against the last close
P/S2.8x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.37
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 | 912,717 | — | — | — | — | — |
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.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $501.2K | $1.4M | $768.6K | $1.1M | $271.2K | $57.3K | $2.2M |
| Gross profit | — | — | — | — | $491.8K | $168.1K | $17.0K | $2.2M |
| Net income | — | -$7.3M | -$6.9M | -$17.8M | -$22.5M | -$9.5M | -$4.0M | -$1.8M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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