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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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EEDGAR/calls
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Home›Stocks›VS

VS

Versus Systems Inc.

Next earnings Aug 12, 2026

Hold
$1.25
▲ +1.21%
$1.25▼ -43.44%
over 1Y
L $0.80EODHDH $2.78
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.2%
1W+3.3%
1M+10.6%
3M+5.7%
YTD+0.0%
1Y-43.4%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
C+
Valuation
Fair value
Filings
Flagged
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 9 analysts
Sell

Revenue grew 3711.3% YoY; but unprofitable (net margin -82.1%).

Revenue (FY2025) $2.18M · FY2025

Versus Systems Inc. shows $2.18M in FY2025 revenue (+3711.3% YoY), a -82.1% net margin, and -17.6% ROE.

Financials · annual, by fiscal year

Line itemFY22FY23FY24FY25
Revenue$1.11M$271K$57.3K$2.18M
Gross profit$492K$168K$17.0K$2.17M
Operating income-$22.7M-$10.9M-$4.54M-$2.16M
Net income-$22.5M-$9.53M-$4.04M-$1.79M
Diluted EPS-$192.89-$10.44-$1.54-$0.37
Net margin-2026.7%-3513.3%-7056.2%-82.1%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$5.60M
EV / EBITDA—
EV / Sales2.6
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-29.2%
FCF yield-34.2%

Quality & risk

ROIC (est.)-16.8%
Free cash flow-$2.09M
Total debt—
Net cash$527K
Altman Z-Score-71.85 distress
Piotroski F-Score4/8

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+0.0%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — delisting notice (2026-05-05). Worth a closer look.
  1. DEF 14A Proxy statement2026-06-22
  2. 10-Q Quarterly report2026-05-15
  3. 8-K Delisting notice2026-05-05
  4. 8-K Material agreement2026-04-16
  5. 10-K Annual report2026-04-15
  6. NT 10-K Late filing notice2026-04-01
  7. 8-K Reg FD disclosure2026-03-03
  8. 8-K Officer / director change2026-01-20
  9. 8-K Reg FD disclosure2025-12-23

Recent filings

all on EDGAR ↗
DEF 14APeriod ending 2026-07-162026-06-22open ↗10-QPeriod ending 2026-03-312026-05-15open ↗8-KPeriod ending 2026-04-292026-05-05open ↗8-KPeriod ending 2026-04-152026-04-16open ↗10-KPeriod ending 2025-12-312026-04-15open ↗NT 10-KPeriod ending 2025-12-312026-04-01open ↗8-KPeriod ending 2026-03-032026-03-03open ↗8-KPeriod ending 2026-01-152026-01-20open ↗25-NSEFiling2026-01-16open ↗8-KPeriod ending 2025-12-232025-12-23open ↗8-KPeriod ending 2025-12-112025-12-11open ↗8-KPeriod ending 2025-12-032025-12-03open ↗

Quality score

C+
ValueGrowthProfitHealthMom.
ValueB
GrowthA+
ProfitabilityF
Financial healthB-
Momentum—
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
Revenue
$2.18M
+3711.3% YoY
Net margin
-82.1%
ROE
-17.6%
P/E
—

SEC fundamentals · FY 2025

'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$2.18M+3711.3%
Net income-$1.79M+55.7%
Gross profit$2.17M+12638.6%
Operating income-$2.16M+52.4%
Diluted EPS-$0.37+76.0%
Cash & equivalents$527K-82.8%
Total assets$2.06M-41.7%
Total liabilities$143K+443.1%
Stockholders' equity$10.2M-10.8%
Gross: 99.2%Op.: -99.0%L/E: 0.01x

Frequently asked

Is Versus Systems Inc. (VS) a buy?
VS currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 3711.3% YoY; but unprofitable (net margin -82.1%).
What is Versus Systems Inc.'s quality score?
VS scores 60.882352941176464/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001701963, latest 10-Q filed 2026-05-15) · EODHD · as of 6/26/2026, 8:39:14 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Recent news

market news →
Versus Systems Extends Texas Rangers Partnership, Debuting the Next-Generation of the Company’s Innovative Filter Fan CamBullish
globenewswire.com· 2026-03-03
Versus Systems Executes Definitive Agreement with Drinkfinger to Power Global Beverage Engagement NetworkBullish
globenewswire.com· 2025-12-23
Versus Systems Executes Definitive Agreement with LiftMedia to Launch Interactive Digital Out-of-Home Engagement Platform Across Key European MarketsBullish
globenewswire.com· 2025-12-11
Versus Systems to Collaborate with LiftMedia to Launch Audience-Enhancing Digital Out-of-Home Experiences Across Key MarketsBullish
globenewswire.com· 2025-12-03
Versus Systems to Collaborate with Drinkfinger to Ignite Global Fan Experiences Across Sports and EntertainmentBullish
globenewswire.com· 2025-11-18
Victoria’s Secret Sees Q2 Sales Gains, Beating ExpectationsBullish
finance.yahoo.com· 2025-08-28

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score61 vs 67
Revenue growth3711.3% vs 7.1%
Net margin-82.1% vs 10.5%
Return on equity-17.6% vs 12.3%
P/E— vs 25.5