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Side-by-side financial comparison of A2Z CUST2MATE SOLUTIONS CORP. (AZ) and Versus Systems Inc. (VS). Click either name above to swap in a different company.
Versus Systems Inc. is the larger business by last-quarter revenue ($2.2M vs $1.5M, roughly 1.4× A2Z CUST2MATE SOLUTIONS CORP.). Versus Systems Inc. runs the higher net margin — -44.7% vs -90.4%, a 45.8% gap on every dollar of revenue.
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.
AZ vs VS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5M | $2.2M |
| Net Profit | $-1.4M | $-964.9K |
| Gross Margin | 34.0% | 0.2% |
| Operating Margin | -265.9% | -54.2% |
| Net Margin | -90.4% | -44.7% |
| Revenue YoY | -1.6% | — |
| Net Profit YoY | 60.4% | -19.2% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $2.2M | ||
| Q3 25 | $1.5M | $0 | ||
| Q2 25 | $1.2M | $-176.0K | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $1.1M | — | ||
| Q2 23 | — | $157.9K |
| Q4 25 | — | $-964.9K | ||
| Q3 25 | $-1.4M | $-537.8K | ||
| Q2 25 | $-12.6M | $672.3K | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | — | $-809.5K | ||
| Q3 24 | $-3.5M | — | ||
| Q2 24 | $-3.2M | — | ||
| Q2 23 | — | $-2.3M |
| Q4 25 | — | 0.2% | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 31.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 43.9% | — | ||
| Q2 24 | 7.4% | — | ||
| Q2 23 | — | 79.5% |
| Q4 25 | — | -54.2% | ||
| Q3 25 | -265.9% | — | ||
| Q2 25 | -585.9% | — | ||
| Q1 25 | -381.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -167.0% | — | ||
| Q2 24 | -272.1% | — | ||
| Q2 23 | — | -840.1% |
| Q4 25 | — | -44.7% | ||
| Q3 25 | -90.4% | — | ||
| Q2 25 | -1085.4% | -382.0% | ||
| Q1 25 | -342.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -224.7% | — | ||
| Q2 24 | -277.4% | — | ||
| Q2 23 | — | -1462.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | — | $-0.27 | ||
| Q3 24 | $-0.15 | — | ||
| Q2 24 | $-0.05 | — | ||
| Q2 23 | — | $-2.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.2M | $527.4K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $71.3M | $10.2M |
| Total Assets | $81.9M | $2.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $527.4K | ||
| Q3 25 | $43.2M | — | ||
| Q2 25 | $28.5M | — | ||
| Q1 25 | $24.2M | — | ||
| Q4 24 | — | $3.1M | ||
| Q3 24 | $3.4M | — | ||
| Q2 24 | $653.0K | — | ||
| Q2 23 | — | $3.2M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | $71.3M | $11.1M | ||
| Q2 25 | $31.5M | $11.7M | ||
| Q1 25 | $31.3M | — | ||
| Q4 24 | — | $11.4M | ||
| Q3 24 | $-504.0K | — | ||
| Q2 24 | $-340.0K | — | ||
| Q2 23 | — | $6.4M |
| Q4 25 | — | $2.1M | ||
| Q3 25 | $81.9M | $3.1M | ||
| Q2 25 | $46.1M | $3.8M | ||
| Q1 25 | $42.2M | — | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | $10.2M | — | ||
| Q2 24 | $7.2M | — | ||
| Q2 23 | — | $9.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.0M | $-568.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-568.6K | ||
| Q3 25 | $-4.0M | $24.7K | ||
| Q2 25 | $-5.9M | $-867.5K | ||
| Q1 25 | $-3.8M | — | ||
| Q4 24 | — | $-716.6K | ||
| Q3 24 | $-658.0K | — | ||
| Q2 24 | $-3.7M | — | ||
| Q2 23 | — | $-1.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -1.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
