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NASDAQ · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · SMALL CAP

Versus Systems Inc. VS

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.2M
▲ 3711.3% YoY
$-1.8M
In brief

What this company does

Our 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. We offer a suite of proprietary business-to-business software solutions designed to enhance user engagement through gamification and rewards. The Company’s potential customers primarily include professional sports teams, event venues such as arenas and stadiums, fan engagement and sponsor activation platforms, digital out-of-home media companies, and advertising agencies, which typically use our products as part of their live events or as part of an advertising campaign with the goal of engaging fans, increasing consented first-party data, and increasing sales. The Company’s products are designed to enable end users to be able to earn prizes by registering on our system and completing in-content challenges like trivia, polls, or casual mobile games. With the acquisition of Xcite Interactive in June 2021, we acquired a number of key pieces of technology and relationships that have supported the growth and development of the Company’s engagement and rewards platform, including a live events fan engagement business that has partnered with professional sports franchises in the National Football League (“NFL”), the National Basketball Association (“NBA”), the National Hockey League (“NHL”) and others to increase audience engagement using interactive gaming functions like trivia, polling, and casual games that can be played alongside live experiences whether a player is at-home, in a restaurant, or in-venue at the event itself.

Written from the business description in Versus Systems Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2026. Every sentence was checked against that document before publication.

Growth
USD 2.2M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 2.2 · Net income -1.8
-8M-16M2018201920202022202320242025
Compound annual growth
+25.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−98 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -99.0% · Net -98.2%
-2000%-4000%-6000%2018201920202022202320242025
ROE
FY2025 · ROE -16.6%
-100%-200%2018201920202022202320242025

Each USD of equity lost 17 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks

Total assetsUSD 2.1M
EquityUSD 10.2M
CashUSD 527,388.00
Current ratio10.17×

Equity funds 494% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202020192018
Revenue $B0.00.00.00.0···
Operating income $B−0.0−0.0−0.0−0.0···
EBITDA $B·−0.0−0.0····
Income tax $B0.00.0·····
Net income $B−0.0−0.0−0.0−0.0···
Free cash flow $B···−0.0···
EPS, diluted $−0.37−1.54−10.44−192.89···
Dividend / sh $·······
Payout %·······
ROE %−16.6−34.6−82.6−201.8···
Shares out B0.000.000.000.00···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 3 failures in 22 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 73 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente3 failures
ActivityServices-Computer Processing & Data Preparation
Listed onNASDAQ
Incorporated inoutside the United States — SEC code A1
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2018

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