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Side-by-side financial comparison of Healthcare Triangle, Inc. (HCTI) and Versus Systems Inc. (VS). Click either name above to swap in a different company.
Healthcare Triangle, Inc. is the larger business by last-quarter revenue ($3.1M vs $2.2M, roughly 1.5× Versus Systems Inc.). Versus Systems Inc. runs the higher net margin — -44.7% vs -143.4%, a 98.7% gap on every dollar of revenue.
Healthcare Triangle, Inc. is a healthcare technology firm that delivers cloud-native data management platforms, AI-powered clinical analytics, and digital workflow solutions. It serves U.S. healthcare providers, payers, and life science organizations, supporting clinical decision-making, care coordination, and operational efficiency across the care continuum.
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.
HCTI vs VS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1M | $2.2M |
| Net Profit | $-4.5M | $-964.9K |
| Gross Margin | — | 0.2% |
| Operating Margin | -141.4% | -54.2% |
| Net Margin | -143.4% | -44.7% |
| Revenue YoY | 43.4% | — |
| Net Profit YoY | -234.0% | -19.2% |
| EPS (diluted) | $-151.13 | — |
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 | $3.1M | $2.2M | ||
| Q3 25 | $3.5M | $0 | ||
| Q2 25 | $3.6M | $-176.0K | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | $2.2M | $0 | ||
| Q3 24 | $2.4M | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | $4.1M | — |
| Q4 25 | $-4.5M | $-964.9K | ||
| Q3 25 | $-1.9M | $-537.8K | ||
| Q2 25 | $-1.4M | $672.3K | ||
| Q1 25 | $-1.7M | — | ||
| Q4 24 | $-1.3M | $-809.5K | ||
| Q3 24 | $-1.2M | — | ||
| Q2 24 | $-1.5M | — | ||
| Q1 24 | $-1.9M | — |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -141.4% | -54.2% | ||
| Q3 25 | -74.3% | — | ||
| Q2 25 | -38.2% | — | ||
| Q1 25 | -37.7% | — | ||
| Q4 24 | -22.5% | — | ||
| Q3 24 | -48.4% | — | ||
| Q2 24 | -46.2% | — | ||
| Q1 24 | -41.7% | — |
| Q4 25 | -143.4% | -44.7% | ||
| Q3 25 | -54.6% | — | ||
| Q2 25 | -38.4% | -382.0% | ||
| Q1 25 | -45.9% | — | ||
| Q4 24 | -61.6% | — | ||
| Q3 24 | -51.8% | — | ||
| Q2 24 | -50.6% | — | ||
| Q1 24 | -45.3% | — |
| Q4 25 | $-151.13 | — | ||
| Q3 25 | $-0.42 | — | ||
| Q2 25 | $-0.58 | $0.14 | ||
| Q1 25 | $-0.17 | — | ||
| Q4 24 | $-16783.38 | $-0.27 | ||
| Q3 24 | $-54.78 | — | ||
| Q2 24 | $-70.72 | — | ||
| Q1 24 | $-0.42 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.6M | $527.4K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.9M | $10.2M |
| Total Assets | $22.7M | $2.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.6M | $527.4K | ||
| Q3 25 | $1.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $6.8M | — | ||
| Q4 24 | $20.0K | $3.1M | ||
| Q3 24 | $28.0K | — | ||
| Q2 24 | $29.0K | — | ||
| Q1 24 | $301.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $888.0K | — |
| Q4 25 | $9.9M | $10.2M | ||
| Q3 25 | $8.7M | $11.1M | ||
| Q2 25 | $10.2M | $11.7M | ||
| Q1 25 | $8.6M | — | ||
| Q4 24 | $-5.1M | $11.4M | ||
| Q3 24 | $-1.8M | — | ||
| Q2 24 | $-646.0K | — | ||
| Q1 24 | $-511.0K | — |
| Q4 25 | $22.7M | $2.1M | ||
| Q3 25 | $13.8M | $3.1M | ||
| Q2 25 | $14.6M | $3.8M | ||
| Q1 25 | $11.8M | — | ||
| Q4 24 | $2.0M | $3.5M | ||
| Q3 24 | $4.8M | — | ||
| Q2 24 | $6.0M | — | ||
| Q1 24 | $6.9M | — |
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 | $-6.8M | $-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 | $-6.8M | $-568.6K | ||
| Q3 25 | $-1.5M | $24.7K | ||
| Q2 25 | $-2.6M | $-867.5K | ||
| Q1 25 | $-5.6M | — | ||
| Q4 24 | $-811.0K | $-716.6K | ||
| Q3 24 | $715.0K | — | ||
| Q2 24 | $-935.0K | — | ||
| Q1 24 | $-50.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | $-1.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -43.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -1.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCTI
| Software Services | $2.4M | 78% |
| Managed Services And Support | $609.0K | 19% |
| Other | $88.0K | 3% |
VS
Segment breakdown not available.
