Versus Systems Inc.VSEarnings & Financial Report
Versus Systems Inc. operates a proprietary interactive reward platform that integrates with video games, streaming content, live sports broadcasts and mobile apps. It enables content creators and brands to offer personalized real-time prizes to audiences across North America and global digital entertainment markets.
Revenue
$157.9K
Gross Profit
$125.6K
Operating Profit
$-1.3M
Net Profit
$-2.3M
Gross Margin
79.5%
Operating Margin
-840.1%
Net Margin
-1462.9%
YoY Growth
-37.0%
EPS
$-2.41
Versus Systems Inc. Q2 FY2023 Financial Summary
Versus Systems Inc. reported revenue of $157.9K (down 37.0% YoY) for Q2 FY2023, with a net profit of $-2.3M (up 28.4% YoY) (-1462.9% margin). Cost of goods sold was $32.4K, operating expenses totaled $1.5M.
Key Financial Metrics
| Total Revenue | $157.9K |
|---|---|
| Net Profit | $-2.3M |
| Gross Margin | 79.5% |
| Operating Margin | -840.1% |
| Report Period | Q2 FY2023 |
Versus Systems Inc. Quarterly Revenue & Net Profit History
Versus Systems Inc. results over the last 7 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.2M | — | $-964.9K | -44.7% |
| Q3 FY2025 | $0 | — | $-537.8K | N/A |
| Q2 FY2025 | $-176.0K | -753.4% | $672.3K | -382.0% |
| Q4 FY2024 | $0 | — | $-809.5K | N/A |
| Q2 FY2023 | $157.9K | -37.0% | $-2.3M | -1462.9% |
| Q3 FY2022 | $316.8K | +4.0% | $-3.5M | -1107.9% |
| Q2 FY2022 | $250.7K | +256.2% | $-3.2M | -1287.1% |
Income Statement
| Q2 2022 | Q3 2022 | Q2 2023 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $250661 | $316819 | $157950 | $0 | $-175999 | $0 | $2.2M |
| YoY Growth | 256.2% | 4.0% | -37.0% | N/A | -753.4% | N/A | N/A |
Balance Sheet
| Q2 2022 | Q3 2022 | Q2 2023 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Assets | $18.8M | $17.7M | $9.5M | $3.5M | $3.8M | $3.1M | $2.1M |
| Liabilities | $3.6M | $3.6M | $3.0M | $26288 | $34187 | $2483 | $142759 |
| Equity | $15.3M | $14.1M | $6.4M | $11.4M | $11.7M | $11.1M | $10.2M |
Cash Flow
| Q2 2022 | Q3 2022 | Q2 2023 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-2.9M | $-1.7M | $-1.3M | $-716603 | $-867527 | $24705 | $-568595 |