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Versus Systems Inc. (VS) Stock Fundamental Analysis & AI Rating 2026

VS Nasdaq Services-Computer Processing & Data Preparation A1 CIK: 0001701963
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
SELL
78% Conf
Pending
Analysis scheduled

📊 VS Key Takeaways

Revenue: $2.2M
Net Margin: -82.1%
Free Cash Flow: $-2.1M
Current Ratio: 10.17x
Debt/Equity: 0.00x
EPS: $-0.37
AI Rating: SELL with 78% confidence
Versus Systems Inc. (VS) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.2M, net profit margin of -82.1%, and return on equity (ROE) of -17.6%, Versus Systems Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete VS stock analysis for 2026.

Is Versus Systems Inc. (VS) a Good Investment?

Claude

Versus Systems exhibits exceptional revenue growth (+3711% YoY) but operates at severe losses with -$2.1M operating cash burn against only $2.2M revenue, implying the company will exhaust its $527.4K cash position in approximately 3 months. Despite strong 99.2% gross margins and zero debt, the company's operating expenses are unsustainable and there is no demonstrated path to profitability.

Why Buy Versus Systems Inc. Stock? VS Key Strengths

Claude
  • + Exceptional revenue growth of 3711% YoY demonstrates significant market traction
  • + Exceptional gross margin of 99.2% indicates strong unit economics and pricing power
  • + Zero debt and fortress balance sheet with no leverage risk or interest burden

VS Stock Risks: Versus Systems Inc. Investment Risks

Claude
  • ! Critical liquidity crisis: negative $2.1M operating cash flow with only $527.4K cash runway (~3 months)
  • ! Operating loss of $2.2M equals 100% of revenue, indicating operating expenses are completely unsustainable
  • ! Net loss improvement is marginal (+16.4% YoY) and insufficient to reach cash flow breakeven before capital depletion
  • ! Pre-revenue company with no demonstrated ability to scale profitably or reduce burn rate

Key Metrics to Watch

Claude
  • * Monthly operating cash burn rate and path to cash flow breakeven
  • * Revenue growth sustainability and customer concentration/retention metrics
  • * Operating expense reduction efforts and gross profit per revenue dollar

Versus Systems Inc. (VS) Financial Metrics & Key Ratios

Revenue
$2.2M
Net Income
$-1.8M
EPS (Diluted)
$-0.37
Free Cash Flow
$-2.1M
Total Assets
$2.1M
Cash Position
$527.4K

💡 AI Analyst Insight

Strong liquidity with a 10.17x current ratio provides a solid financial cushion.

VS Profit Margin, ROE & Profitability Analysis

Gross Margin 99.2%
Operating Margin -99.0%
Net Margin -82.1%
ROE -17.6%
ROA -87.0%
FCF Margin -95.9%

VS vs Technology Sector: How Versus Systems Inc. Compares

How Versus Systems Inc. compares to Technology sector averages

Net Margin
VS -82.1%
vs
Sector Avg 18.0%
VS Sector
ROE
VS -17.6%
vs
Sector Avg 22.0%
VS Sector
Current Ratio
VS 10.2x
vs
Sector Avg 2.5x
VS Sector
Debt/Equity
VS 0.0x
vs
Sector Avg 0.5x
VS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Versus Systems Inc. Stock Overvalued? VS Valuation Analysis 2026

Based on fundamental analysis, Versus Systems Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
-17.6%
Sector avg: 22%
Net Profit Margin
-82.1%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Versus Systems Inc. Balance Sheet: VS Debt, Cash & Liquidity

Current Ratio
10.17x
Quick Ratio
10.17x
Debt/Equity
0.00x
Debt/Assets
6.9%
Interest Coverage
-121.46x
Long-term Debt
N/A

VS Revenue & Earnings Growth: 5-Year Financial Trend

VS 5-year financial data: Year 2023: Revenue $1.1M, Net Income -$22.5M, EPS $-192.89. Year 2024: Revenue $271.2K, Net Income -$9.5M, EPS $-10.44. Year 2025: Revenue $2.2M, Net Income -$4.0M, EPS $-1.54.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Versus Systems Inc.'s revenue has grown significantly by 97% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.54 indicates the company is currently unprofitable.

VS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-95.9%
Free cash flow / Revenue

VS Quarterly Earnings & Performance

Quarterly financial performance data for Versus Systems Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $3.8K -$537.8K N/A
Q2 2025 $23.3K -$289.4K $-0.06
Q1 2025 $26.5K -$961.7K $-0.20
Q3 2024 $3.8K -$529.0K $-0.22
Q2 2024 $26.9K -$1.3M $-0.54
Q1 2024 $26.5K -$1.3M $-0.53

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Versus Systems Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$2.1M
Cash generated from operations
Capital Expenditures
$40.2K
Investment in assets
Dividends
None
No dividend program

VS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Versus Systems Inc. (CIK: 0001701963)

📋 Recent SEC Filings

Date Form Document Action
Apr 16, 2026 8-K ea0286374-8k_versus.htm View →
Apr 15, 2026 10-K ea0286026-10k_versus.htm View →
Mar 3, 2026 8-K ea0279497-8k_versus.htm View →
Jan 20, 2026 8-K ea0273253-8k_versus.htm View →
Dec 23, 2025 8-K ea0270667-8k_versus.htm View →

Frequently Asked Questions about VS

What is the AI rating for VS?

Versus Systems Inc. (VS) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VS's key strengths?

Claude: Exceptional revenue growth of 3711% YoY demonstrates significant market traction. Exceptional gross margin of 99.2% indicates strong unit economics and pricing power.

What are the risks of investing in VS?

Claude: Critical liquidity crisis: negative $2.1M operating cash flow with only $527.4K cash runway (~3 months). Operating loss of $2.2M equals 100% of revenue, indicating operating expenses are completely unsustainable.

What is VS's revenue and growth?

Versus Systems Inc. reported revenue of $2.2M.

Does VS pay dividends?

Versus Systems Inc. does not currently pay dividends.

Where can I find VS SEC filings?

Official SEC filings for Versus Systems Inc. (CIK: 0001701963) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VS's EPS?

Versus Systems Inc. has a diluted EPS of $-0.37.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is VS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Versus Systems Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is VS stock overvalued or undervalued?

Valuation metrics for VS: ROE of -17.6% (sector avg: 22%), net margin of -82.1% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

Should I buy VS stock in 2026?

Our dual AI analysis gives Versus Systems Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VS's free cash flow?

Versus Systems Inc.'s operating cash flow is $-2.1M, with capital expenditures of $40.2K. FCF margin is -95.9%.

How does VS compare to other Technology stocks?

Vs Technology sector averages: Net margin -82.1% (avg: 18%), ROE -17.6% (avg: 22%), current ratio 10.17 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI