Versus Systems financials
$1.040.00%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $2.2M | $57.3K | $271.2K | $1.1M | $768.6K |
| Gross profit | $2.2M | $17.0K | $168.1K | $491.8K | $768.6K |
| Gross margin | 99.2% | 29.7% | 62.0% | 44.4% | 100.0% |
| Operating income | -$2.2M | -$4.5M | -$10.5M | -$22.7M | -$14.2M |
| Net income | -$1.8M | -$4.0M | -$9.5M | -$20.2M | -$14.4M |
| Net margin | −82.1% | −7056.2% | −3513.3% | −1819.2% | −1873.3% |
| Diluted EPS | $-0.37 | $-1.54 | $-10.44 | $-194.39 | $-241.76 |
| EBITDA | -$2.2M | -$4.5M | -$4.1M | -$10.7M | -$12.2M |
| Operating cash flow | -$2.1M | -$5.0M | -$5.6M | -$9.2M | -$12.9M |
| Free cash flow | -$2.1M | -$5.0M | -$5.6M | -$9.2M | -$13.0M |
| Diluted shares | 4.9M | 2.6M | 0.9M | 0.1M | 0.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $527.4K | $3.1M | $4.7M | $1.2M | $1.7M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $2.1M | $3.5M | $4.9M | $8.1M | $18.5M |
| Total liabilities | $142.8K | $26.3K | $321.5K | $3.3M | $4.5M |
| Shareholders' equity | $1.9M | $3.5M | $4.6M | $4.7M | $14.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology