VS · XBRL financial data
Versus Systems financial statements, every fiscal year
The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (VS's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | 1,109 | 271 | 57 | 2,183 |
| Cost of revenue | — | — | 617 | 103 | 40 | 16 |
| Gross profit | — | — | 492 | 168 | 17 | 2,167 |
| Research and development | — | — | 2,406 | 1,107 | 246 | 48 |
| Selling, general and administrative | — | — | 11,838 | 5,945 | 4,310 | 4,280 |
| Total operating expenses | — | — | 23,163 | 11,020 | 4,556 | 4,328 |
| Operating income (loss) | — | — | (22,671) | (10,852) | (4,539) | (2,161) |
| Interest expense | — | — | — | — | 18 | — |
| Other income (expense) | — | — | (163) | (14) | — | — |
| Income tax expense (benefit) | — | — | — | — | 24 | 2 |
| Net income (loss) | — | — | (22,473) | (10,512) | (4,042) | (1,792) |
| Earnings per share, basic USD per share | — | — | (192.89) | (10.44) | (1.54) | (0.37) |
| Earnings per share, diluted USD per share | — | — | (192.89) | (10.44) | (1.54) | (0.37) |
| Weighted average shares, basic thousands of shares | — | — | — | 913 | 2,628 | 4,902 |
| Weighted average shares, diluted thousands of shares | — | — | — | 913 | 2,628 | 4,902 |
| Revenue | 1,390 | 769 | 1,109 | — | — | — |
| Cost of sales | — | 2,025 | — | — | — | — |
| Profit (loss) | (6,911) | (17,848) | (21,762) | — | — | — |
| Earnings per share, basic USD per share | (8.85) | (1.01) | (11.63) | — | — | — |
| Earnings per share, diluted USD per share | (8.85) | (1.01) | (11.63) | — | — | — |
- † Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (VS's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | — | 1,678 | 1,179 | 4,689 | 3,066 | 527 |
| Accounts receivable | — | — | — | — | — | 836 |
| Total current assets | — | — | 1,463 | 4,868 | 3,536 | 1,452 |
| Property and equipment, net | — | — | 94 | 2 | — | — |
| Right-of-use asset | — | — | — | 0 | — | — |
| Total assets | — | — | 8,059 | 4,878 | 3,536 | 2,061 |
| Accounts payable | — | — | 138 | 83 | 26 | — |
| Accrued liabilities | — | — | 79 | 26 | — | 143 |
| Total current liabilities | — | — | 3,325 | 321 | 26 | 143 |
| Total deposits | — | — | 100 | — | — | — |
| Lease liability, non-current | — | — | — | 0 | — | — |
| Total liabilities | — | — | 3,325 | 321 | 26 | 143 |
| Accumulated deficit | — | — | (125,907) | (135,434) | (139,476) | (141,269) |
| Total stockholders' equity | — | — | 11,136 | 11,944 | 11,429 | 10,191 |
| Total liabilities and equity | — | — | 8,059 | 4,878 | 3,536 | 2,061 |
| Common shares outstanding (cover page) thousands of shares | 10,734 | 15,554 | 4,172 | 2,506 | 4,902 | 4,902 |
| Cash and cash equivalents | 2,283 | 1,678 | 1,179 | — | — | — |
| Total current assets | 3,165 | 2,355 | 1,463 | — | — | — |
| Total assets | 5,491 | 18,544 | 8,803 | — | — | — |
| Total current liabilities | 3,960 | 3,373 | 3,325 | — | — | — |
| Total equity | (1,138) | 14,003 | 5,478 | — | — | — |
| Total equity and liabilities | 5,491 | 18,544 | 8,803 | — | — | — |
- † Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (VS's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | — | — | (22,473) | (10,512) | (4,042) | (1,792) |
| Stock-based compensation | — | — | 1,568 | (1,452) | 161 | 430 |
| Net cash from operating activities | — | — | (9,154) | (5,521) | (4,972) | (2,053) |
| Purchases of property and equipment | — | — | 40 | — | — | — |
| Net cash from investing activities | — | — | (2,537) | (15) | — | (609) |
| Proceeds from issuing common stock | — | — | 13,252 | 7,813 | — | — |
| Net cash from financing activities | — | — | 11,191 | 9,046 | 3,278 | — |
| Net change in cash | — | — | — | 3,510 | (1,623) | (2,539) |
| Net cash from operating activities | (4,237) | (12,893) | (9,154) | — | — | — |
| Net cash from investing activities | (945) | (2,512) | (2,537) | — | — | — |
| Net cash from financing activities | 7,389 | 14,800 | 11,191 | — | — | — |
- † Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 7374 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7374 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Versus Systems | 1,362 | 6.8 | (475)* | 6.2M | 2.9 quarters | 10-QJun 30, 2026 |
| Super League Enterprise | 1,127 | not reported | (2,201)* | 1.7M | 3.0 quarters | 10-QJun 30, 2026 |
| Onfolio Holdings | 251 | 1,498 | (611)* | 2.5M | 0.4 quarters | 10-QJun 30, 2026 |
| My Size | 453 | 3,070 | 25* | 728,482 | — | 10-QJun 30, 2026 |
| Techlott | 495 | not reported | (316)* | 890.7M | 1.6 quarters | 10-QJun 30, 2026 |
| DarkPulse | 83 | 18 | (448)* | 226.5M | 0.2 quarters | 10-QJun 30, 2026 |
| Bioregenx | 46 | 426 | 27 | 971.6M | — | 10-QMar 31, 2026 |
| Auddia | 9,558 | 7.6 | (2,508)* | 5.8M | 3.8 quarters | 10-QJun 30, 2026 |
| Powerdyne International | 73 | 256 | (77)* | 2.0B | 0.9 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.