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Sunday 8 November 2026
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Versus Systems Inc.
VSTechnology Software Application
Versus Systems Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 million, up 3,710.5% from fiscal 2024.
- Revenue
- −96.6%
- EPS
- −28.6%
- Free cash flow
- +7.54%
Quarter to June 2026, against a year earlier
0.82
0.02
−2.38%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 2 | +188.9% | 1,158 | — | — | +52,925.1% | |
| Gross margin, % | 0.00 | 0.00 | (339,415.38) | 100.00 | 100.00 | 100.00 | 44.35 | 61.98 | 29.67 | 99.25 | 173.54 | +99.3 pt | ||||||
| EBT | (4) | (5) | (7) | (7) | (7) | (18) | (22) | (11) | (5) | (2) | (2) | (6.1%) | ||||||
| EBT margin, % | 0.00 | 0.00 | (556,276.92) | (1,447.89) | (497.19) | (2,321.83) | (2,026.80) | (3,876.18) | (7,941.71) | (98.15) | (107.24) | (98.1) pt | ||||||
| Net income | (3) | 0 | (4) | (7) | (7) | (18) | (22) | (11) | (5) | (2) | (2) | (2.6%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 0.00 | 0.00 | 0.00 | 17.10 | 34.32 | 12.90 | 9.52 | 0.30 | 0.02 | 0.45 | 0.40 | n/m | |||||
| Earnings | (0.85) | (10.71) | (9.93) | (176.67) | (141.60) | (242.28) | (186.08) | (10.44) | (1.54) | (0.37) | (0.35) | (8.8%) | ||||||
| Cash flow | (0.39) | (7.96) | (10.88) | (140.63) | (104.61) | (216.33) | (78.57) | (6.12) | (1.89) | (0.42) | (0.18) | +0.9% | ||||||
| Capex | 0.00 | 0.00 | 0.00 | (49.89) | (26.83) | (40.72) | (21.78) | (0.02) | 0.00 | (0.12) | (0.25) | n/m | ||||||
| Free cash flow | (0.39) | (7.96) | (10.88) | (190.53) | (131.45) | (257.05) | (100.35) | (6.13) | (1.89) | (0.54) | (0.43) | +3.8% | ||||||
| Book value | 1.09 | 12.92 | 0.00 | (73.82) | (28.11) | 234.94 | 40.64 | 4.99 | 1.34 | 0.39 | 0.72 | (10.7%) | ||||||
| Shares, m | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 5 | 5 | +4.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | 0.00 | 0.00 | 87.41 | 39.07 | 0.79 | 18.35 | 101.08 | 2.74 | 2.03 | 31.2 | ||||||
| P/B | — | — | 0.00 | 0.00 | 0.00 | 2.15 | 0.19 | 1.09 | 1.65 | 3.12 | 1.15 | 1.0 | ||||||
| EV/Sales | — | — | 0.00 | 0.00 | 87.86 | 38.27 | (0.03) | 2.03 | 52.05 | 2.62 | 1.48 | 22.8 | ||||||
| EV/FCF | — | — | 0.00 | 0.00 | (22.96) | (1.93) | 0.00 | (0.10) | (0.60) | (2.15) | (1.39) | (3.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (1) | (2) | (4) | (4) | (4) | (13) | (9) | (6) | (5) | (2) | (1) | +5.6% | |||||
| Capex | 0 | (1) | (1) | (1) | (1) | (2) | (3) | 0 | — | (1) | (1) | +4.5% | ||||||
| Free cash flow | (1) | (2) | (4) | (6) | (5) | (15) | (12) | (6) | (5) | (3) | (2) | +8.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1 | 0 | (1) | (1) | (1) | (1) | (2) | 5 | 4 | 1 | 2 | +7.4% | |||||
| Net debt | (1) | 0 | 3 | 4 | 0 | (1) | (1) | (5) | (3) | (1) | (1) | (5.8%) | ||||||
| Shareholders’ equity | 4 | 4 | — | (2) | (1) | 14 | 5 | 5 | 4 | 2 | 4 | (6.5%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (96.40) | (131.10) | (93.28) | (129.18) | (161.90) | (148.52) | (168.96) | (147.28) | (96.09) | (64.04) | (42.01) | +32.4 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | (213.16) | 0.00 | (67.78) | (241.76) | 0.00 | (639.83) | (97.12) | (61.44) | (97.1) pt | ||||||
| ROE | (142.30) | (87.46) | (93.64) | (672.11) | 418.67 | (277.48) | (239.88) | (205.08) | (100.23) | (66.04) | (46.55) | +76.3 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 27 | 29 | 51 | 39 | 8 | 5 | 5 | — | (24.5%) | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.02 | 0.05 | 0.02 | 0.03 | 0.03 | 0.01 | 0.44 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Versus Systems Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| NXTT Next Technology Holding Inc. | $6.7M | — (loss-making) | — | −15.91% (below 0%: shrinking) | n/m | 0.00% | 42.07% | (571.99%) | Compare |
| NVNIF Nvni Group Limited | $6.6M | 0.1× | — (loss-making) | — | +552.83% (above 0%: growing) | +35.38% (above 0%: growing) | — | — | Compare |
| MYSE Myseum.AI Inc. | $6.4M | — (loss-making) | — | −100.00% (below 0%: shrinking) | n/m | −8.11% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| YMT Yimutian Inc. - Sponsored ADR | $6.4M | — | — | — | — | — | — | — | Compare |
| ORKT Orangekloud Technology Inc. | $6.4M | — | — | — | — | — | — | — | Compare |
| PSQH PSQ Holdings, Inc. | $5.6M | — (loss-making) | — (loss-making) | +107.83% (above 0%: growing) | n/m | +63.26% (above 0%: growing) | 57.96% | (67.15%) | Compare |
| VS Versus Systems Inc. | $5.2M | — (loss-making) | 17.3× | −96.58% (below 0%: shrinking) | −28.57% (below 0%: shrinking) | +7.54% (above 0%: growing) | 21,870.69% | 8,712.80% | |
| BTTC Black Titan Corporation | $4.2M | — (loss-making) | — (loss-making) | −100.00% (below 0%: shrinking) | n/m | −474.20% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| CYN Cyngn Inc. | $4.2M | — (loss-making) | — (loss-making) | +328.78% (above 0%: growing) | n/m | +27.05% (above 0%: growing) | 38.41% | (4,674.05%) | Compare |
| Median of peers | $6.4M | — | — | −15.91% | — | +13.53% | 38.41% | (67.15%) |