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Versus Systems (VS)
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Versus Systems Income Statement 2025-2011 | VS
Brief overview of financial performance at Versus Systems
This overview is based on financial performance over the past five years. The revenue attributed to Versus Systems moved from 1.4 million dollars to 2.2 million dollars between the two endpoints. The cumulative result was +57.1%, corresponding to roughly 9.5% per year. This represents moderate business growth.
The gross result shifted from 1.9 million dollars to 2.2 million dollars, or +16.2%. The gross margin was 134.1% at the start and 99.2% at the end. A lower margin indicates deterioration in the economics of the core business.
Over the period, EBITDA shifted from 0 dollars to −2.2 million dollars, a change of . EBITDA margin moved from 0% to −99%. The margin contraction indicates weaker operating efficiency.
Comparing the endpoints shows a move from −$7.7 million to −$1.8 million. The negative result improved without reaching break-even.
Financial takeaway
The financial trajectory is weak and requires a cautious interpretation. Key strengths include improving net profitability and revenue expansion. The main areas of concern are limited operating profitability, weaker gross profitability and weaker operating efficiency. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Versus Systems
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
5.69 M | 3.05 M | 1.06 M | 88.7 K | 30.2 M | 69.8 M | - | - | 1.71 M | 1.17 M | 342 K | 94.8 K | 16.3 K | 27.2 K | 103 K |
Shares |
4.9 M | 2.63 M | 913 K | 261 K | 14.3 M | 9.72 M | - | - | 4.76 M | 3.24 M | 2.07 M | 790 K | 543 K | 543 K | 413 K |
Historical Prices |
1.16 | 1.16 | 1.16 | 0.34 | 2.11 | 7.18 | 2.24 | 2.45 | 4.62 | 4.06 | 2.32 | 1.34 | 0.624 | 1.04 | - |
Net Income |
-1.79 M | -4.04 M | -9.53 M | -22.5 M | -17.8 M | -7.75 M | -6.87 M | -4.63 M | -4.23 M | -3.61 M | -895 K | -346 K | -114 K | -249 K | -421 K |
Revenue |
2.18 M | 57.3 K | 271 K | 1.11 M | 769 K | 1.39 M | 501 K | 1.62 K | - | - | - | - | - | - | - |
Cost of Revenue |
16.4 K | 40.3 K | 103 K | 617 K | 2.02 M | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
2.17 M | 17 K | 168 K | 492 K | - | 1.86 M | 665 K | 1.45 K | - | - | - | - | - | - | - |
Operating Income |
-2.16 M | -4.54 M | -10.9 M | -22.7 M | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | - | - | 123 K | 153 K | 234 K | 249 K | - | - | - | - | - | - | - | - |
EBITDA |
-2.16 M | -4.54 M | -10.8 M | -19.7 M | - | - | - | - | -4.54 M | -3.42 M | -895 K | -264 K | -88.5 K | -222 K | -386 K |
Operating Expenses |
4.33 M | 4.56 M | 11 M | 23.2 M | - | 9.89 M | 9.67 M | 9.02 M | - | - | - | - | - | - | - |
General and Administrative Expenses |
4.28 M | 4.31 M | 5.94 M | 1.01 M | 558 K | 7.21 M | 6.02 M | 5.83 M | 4.36 M | 3.33 M | 895 K | 264 K | 93.8 K | 222 K | 386 K |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Versus Systems
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
4.9 M | 4.9 M | 4.9 M | 4.9 M | 2.51 M | 2.51 M | 2.51 M | 10.7 M | 10.7 M | 8.24 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-683 K | -538 K | 672 K | -962 K | -529 K | -1.5 M | -1.5 M | -1.57 M | -2.31 M | -1.33 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
17.3 K | 23.3 K | 23.3 K | 199 K | 3.85 K | 53.4 K | 26.5 K | 23 K | 56.1 K | 158 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
8.22 K | 16.4 K | 8.22 K | 8.22 K | 40.3 K | 40.3 K | 24 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
17.3 K | 2.16 M | 1.97 M | 191 K | 3.85 K | 13.2 K | 2.46 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-819 K | -756 K | 939 K | -1.17 M | -529 K | -3 M | -1.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | - | - | - | 73 | -321 | 247 | 16.6 K | 20.3 K | 24.6 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-819 K | -756 K | 939 K | -1.17 M | -528 K | -1.63 M | -815 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
836 K | 756 K | 1.03 M | 1.36 M | 533 K | 3.01 M | 1.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
836 K | 742 K | 1.03 M | 1.36 M | 521 K | 2.91 M | 1.46 M | 173 K | 224 K | 120 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Versus Systems (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.