VS
Versus Systems Inc
NASDAQ: VS · TECHNOLOGY · SOFTWARE - APPLICATION
$1.31
+8.26% today
Updated 2026-04-30
Market cap
$5.83M
P/E ratio
—
P/S ratio
2.67x
EPS (TTM)
$-0.37
Dividend yield
—
52W range
$1 – $3
Volume
0.1M
Versus Systems Inc (VS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $228452.00 | $386424.00 | $688769.00 | $5016.00 | — | — | — | — | — | — | — | $0.00 | $1189.00 | $650740.00 | $1.77M | $979632.00 | $1.49M | $359432.00 | $82385.00 | $2.18M |
| Revenue growth (YoY) | — | +69.1% | +78.2% | -99.3% | -100.0% | — | — | — | — | — | — | — | — | +54630.0% | +171.8% | -44.6% | +52.1% | -75.9% | -77.1% | +2550.3% |
| Cost of revenue | $47994.00 | $65279.00 | $295472.00 | $9689.00 | — | — | — | — | — | — | — | — | $124.00 | $239376.00 | $328187.00 | $777833.00 | $829093.00 | $136614.00 | $57921.00 | $16446.00 |
| Gross profit | $180458.00 | $321145.00 | $393297.00 | $-4672.00 | — | — | — | — | — | — | — | — | $1064.00 | $411364.00 | $1.44M | $979632.00 | $660791.00 | $222818.00 | $24463.00 | $2.17M |
| Gross margin | 79.0% | 83.1% | 57.1% | -93.1% | — | — | — | — | — | — | — | — | 89.5% | 63.2% | 81.4% | 100.0% | 44.4% | 62.0% | 29.7% | 99.2% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $381115.00 | $3.23M | $1.47M | $353797.00 | $48065.00 |
| SG&A | $1.55M | $5.46M | $5.76M | $1.23M | $502155.00 | $378259.00 | $222926.00 | $88110.00 | $227611.00 | $645084.00 | $2.48M | $3.47M | $4.28M | $1.65M | $1.91M | $14.28M | $13.98M | $7.41M | $6.20M | $5.87M |
| Operating income | $-7.30M | $-6.08M | $-5.50M | $-1.29M | $-502562.00 | $-378657.00 | $-223335.00 | $-88110.00 | $-227611.00 | $-895178.00 | $-3.17M | $-6.98M | $-6.79M | $-9.17M | $-7.94M | $-19.73M | $-30.46M | $-14.38M | $-6.53M | $-2.16M |
| Operating margin | -3197.4% | -1572.3% | -798.6% | -25658.7% | — | — | — | — | — | — | — | — | -571086.8% | -1409.2% | -449.0% | -2014.2% | -2044.6% | -4002.1% | -7923.5% | -99.0% |
| EBITDA | $-1.14M | $-5.21M | $-5.42M | $-1.25M | $-91812.00 | $-378259.00 | $-191609.00 | $-70253.00 | $-227611.00 | $-645084.00 | $-4.23M | $-3.61M | $-4.63M | $-6.31M | $-5.66M | $-19.56M | $-14.41M | $-5.38M | $-6.53M | $-2.16M |
| EBITDA margin | -497.8% | -1349.4% | -787.2% | -24877.5% | — | — | — | — | — | — | — | — | -389071.0% | -968.9% | -320.3% | -1996.9% | -966.9% | -1497.9% | -7920.6% | -99.0% |
| EBIT | $-1.17M | $-5.47M | $-5.50M | $-1.29M | $-92218.00 | $-378656.00 | $-192018.00 | $-70660.00 | $-227611.00 | $-649603.00 | $-4.80M | $-5.54M | $-6.82M | $-8.81M | $-7.61M | $-22.55M | $-18.48M | $-8.66M | $-6.53M | — |
| Interest expense | $29940.00 | $0.00 | $0.00 | $0.00 | $0.00 | $39437.00 | $29551.00 | $23902.00 | $21915.00 | $9657.00 | $0.00 | $5640.00 | $81717.00 | $574642.00 | $649810.00 | $153425.00 | $122992.00 | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-8.81M | $-5.90M | $-20.90M | $-8.45M | $-658445.00 | $-412336.00 | $-250227.00 | $-107022.00 | $-297803.00 | $-645242.00 | $-2.69M | $-3.36M | $-3.40M | $-9.42M | $-8.79M | $-22.75M | $-30.20M | $-12.63M | $-5.81M | $-1.79M |
| Net income growth (YoY) | — | +33.0% | -253.9% | +59.6% | +92.2% | +37.4% | +39.3% | +57.2% | -178.3% | -116.7% | -316.6% | -25.1% | -1.2% | -177.1% | +6.7% | -158.7% | -32.7% | +58.2% | +54.0% | +69.2% |
| Profit margin | -3857.0% | -1528.0% | -3034.2% | -168523.3% | — | — | — | — | — | — | — | — | -285990.1% | -1447.9% | -497.2% | -2322.0% | -2026.7% | -3513.3% | -7056.2% | -82.1% |