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Side-by-side financial comparison of Reborn Coffee, Inc. (REBN) 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 $1.4M, roughly 1.6× Reborn Coffee, Inc.). Versus Systems Inc. runs the higher net margin — -44.7% vs -254.3%, a 209.6% gap on every dollar of revenue.
Reborn Coffee, Inc. is a specialty coffee roaster and retailer that offers premium single-origin and blended roasted coffee beans, handcrafted espresso drinks, baked snacks and related merchandise. It operates brick-and-mortar cafe locations primarily across the United States, alongside direct-to-consumer online sales and wholesale distribution to foodservice partners, with a core focus on ethically sourced, high-quality coffee products.
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.
REBN vs VS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $2.2M |
| Net Profit | $-3.4M | $-964.9K |
| Gross Margin | — | 0.2% |
| Operating Margin | -224.7% | -54.2% |
| Net Margin | -254.3% | -44.7% |
| Revenue YoY | 7.8% | — |
| Net Profit YoY | -379.3% | -19.2% |
| EPS (diluted) | $-0.68 | — |
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 | $1.4M | $0 | ||
| Q2 25 | $1.8M | $-176.0K | ||
| Q1 25 | $1.7M | — | ||
| Q4 24 | $1.8M | $0 | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $1.5M | — |
| Q4 25 | — | $-964.9K | ||
| Q3 25 | $-3.4M | $-537.8K | ||
| Q2 25 | $-5.3M | $672.3K | ||
| Q1 25 | $-2.2M | — | ||
| Q4 24 | $-1.8M | $-809.5K | ||
| Q3 24 | $-719.7K | — | ||
| Q2 24 | $-1.3M | — | ||
| Q1 24 | $-990.5K | — |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 98.7% | — |
| Q4 25 | — | -54.2% | ||
| Q3 25 | -224.7% | — | ||
| Q2 25 | -240.2% | — | ||
| Q1 25 | -100.2% | — | ||
| Q4 24 | -95.2% | — | ||
| Q3 24 | -57.6% | — | ||
| Q2 24 | -97.4% | — | ||
| Q1 24 | -56.9% | — |
| Q4 25 | — | -44.7% | ||
| Q3 25 | -254.3% | — | ||
| Q2 25 | -291.0% | -382.0% | ||
| Q1 25 | -129.4% | — | ||
| Q4 24 | -100.0% | — | ||
| Q3 24 | -57.2% | — | ||
| Q2 24 | -95.9% | — | ||
| Q1 24 | -65.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | $-0.68 | — | ||
| Q2 25 | $-1.15 | $0.14 | ||
| Q1 25 | $-0.47 | — | ||
| Q4 24 | $-0.28 | $-0.27 | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $-0.48 | — | ||
| Q1 24 | $-0.60 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $44.0K | $527.4K |
| Total DebtLower is stronger | $500.0K | — |
| Stockholders' EquityBook value | $-3.4M | $10.2M |
| Total Assets | $6.2M | $2.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $527.4K | ||
| Q3 25 | $44.0K | — | ||
| Q2 25 | $77.9K | — | ||
| Q1 25 | $777.1K | — | ||
| Q4 24 | $158.2K | $3.1M | ||
| Q3 24 | $105.9K | — | ||
| Q2 24 | $617.1K | — | ||
| Q1 24 | $70.3K | — |
| Q4 25 | — | — | ||
| Q3 25 | $500.0K | — | ||
| Q2 25 | $500.0K | — | ||
| Q1 25 | $500.0K | — | ||
| Q4 24 | $500.0K | — | ||
| Q3 24 | $500.0K | — | ||
| Q2 24 | $500.0K | — | ||
| Q1 24 | $500.0K | — |
| Q4 25 | — | $10.2M | ||
| Q3 25 | $-3.4M | $11.1M | ||
| Q2 25 | $-1.9M | $11.7M | ||
| Q1 25 | $415.6K | — | ||
| Q4 24 | $2.6M | $11.4M | ||
| Q3 24 | $2.7M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | — | $2.1M | ||
| Q3 25 | $6.2M | $3.1M | ||
| Q2 25 | $6.4M | $3.8M | ||
| Q1 25 | $8.1M | — | ||
| Q4 24 | $7.8M | $3.5M | ||
| Q3 24 | $9.6M | — | ||
| Q2 24 | $10.5M | — | ||
| Q1 24 | $10.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.20× | — | ||
| Q1 24 | 0.19× | — |
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 | $-1.6M | $-568.6K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-568.6K | ||
| Q3 25 | $-1.6M | $24.7K | ||
| Q2 25 | $-3.6M | $-867.5K | ||
| Q1 25 | $464.6K | — | ||
| Q4 24 | $-132.6K | $-716.6K | ||
| Q3 24 | $-424.0K | — | ||
| Q2 24 | $-961.8K | — | ||
| Q1 24 | $-1.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-600.9K | — | ||
| Q3 24 | $-424.0K | — | ||
| Q2 24 | $-1.3M | — | ||
| Q1 24 | $-2.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -33.8% | — | ||
| Q3 24 | -33.7% | — | ||
| Q2 24 | -95.3% | — | ||
| Q1 24 | -192.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | 65.0% | — |
| 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
REBN
| Stores | $1.1M | 83% |
| Other | $229.9K | 17% |
VS
Segment breakdown not available.
