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Versus Systems Inc. (VS) 10-Year Financial Performance & Capital Metrics

VS • • Industrial / General
TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery
AboutVersus Systems Inc. develops and operates a business-to-business software platform in the United States and Canada. The company operates eXtreme Engagement Online, a platform that allows live event producers, professional sports franchises, video game publishers and developers, live event producers, and professional sports franchises, as well as other interactive media content creators, to offer in-game prizing and rewards based on the completion of in-content challenges alongside other user engagement tools. It primarily sells its access to platform and service offerings through its direct sales organization. Versus Systems Inc. is headquartered in Vancouver, Canada.Show more
  • Revenue $82K -77.1%
  • EBITDA -$7M +41.3%
  • Net Income -$6M +54.0%
  • EPS (Diluted) -2.21 +84.0%
  • Gross Margin 29.69% -52.1%
  • EBITDA Margin -7920.57% -156.2%
  • Operating Margin -7923.52% -98.0%
  • Net Margin -7056.16% -100.8%
  • ROE -121.08% +47.4%
  • ROIC -1938.01% -652.9%
  • Debt/Equity -
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.7x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 9 (bottom 9%)
  • ✗Sales declining 33.9% over 5 years
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-33.86%
3Y-56.19%
TTM2316.25%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM84.83%

EPS CAGR

10Y-
5Y-
3Y-
TTM90.16%

ROCE

10Y Avg-286.91%
5Y Avg-270.66%
3Y Avg-226.87%
Latest-135.97%

Peer Comparison

Streaming & Content Delivery
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VSVersus Systems Inc.6.18M1.26-0.57-77.08%-57.95%-40.44%

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0001.19K650.74K1.77M979.63K1.49M359.43K82.39K
Revenue Growth %----546.3%1.72%-0.45%0.52%-0.76%-0.77%
Cost of Goods Sold+000125239.38K328.19K0829.09K136.61K57.92K
COGS % of Revenue---0.1%0.37%0.19%-0.56%0.38%0.7%
Gross Profit+0001.06K411.36K1.44M979.63K660.79K222.82K24.46K
Gross Margin %---0.89%0.63%0.81%1%0.44%0.62%0.3%
Gross Profit Growth %----385.62%2.5%-0.32%-0.33%-0.66%-0.89%
Operating Expenses+645.08K3.33M6.98M6.63M9.58M9.38M20.71M31.12M14.61M6.55M
OpEx % of Revenue---5572.86%14.72%5.3%21.14%20.89%40.64%79.53%
Selling, General & Admin645.08K3.17M4.54M4.43M2.42M2.53M15.4M15.91M7.41M6.2M
SG&A % of Revenue---3723.67%3.72%1.43%15.72%10.68%20.62%75.24%
Research & Development00000003.23M1.47M353.8K
R&D % of Revenue-------2.17%4.08%4.29%
Other Operating Expenses002.44M2.2M7.16M6.85M5.31M11.98M5.73M0
Operating Income+-895.18K-3.17M-6.98M-6.79M-9.17M-7.94M-19.73M-30.46M-14.38M-6.53M
Operating Margin %----5710.87%-14.09%-4.49%-20.14%-20.45%-40.02%-79.24%
Operating Income Growth %-2.09%-2.54%-1.2%0.03%-0.35%0.13%-1.48%-0.54%0.53%0.55%
EBITDA+-890.66K-2.6M-5.05M-4.59M-6.67M-5.99M-16.74M-26.39M-11.11M-6.53M
EBITDA Margin %----3861.68%-10.24%-3.39%-17.09%-17.71%-30.92%-79.21%
EBITDA Growth %-2.91%-1.91%-0.95%0.09%-0.45%0.1%-1.79%-0.58%0.58%0.41%
D&A (Non-Cash Add-back)4.52K573.26K1.93M2.2M2.5M1.95M2.99M4.07M3.27M2.43K
EBIT-895.18K-4.8M-6.96M-6.82M-8.81M-7.61M-22.55M-18.48M-8.66M-6.53M
Net Interest Income+000-81.72K-574.64K-649.81K-378.62K-183.76K00
Interest Income000000-225.2K-60.77K00
Interest Expense9.66K05.64K81.72K574.64K649.81K153.43K122.99K00
Other Income/Expense-21800-91.54K-251.96K-851.52K-3.02M266.25K450.95K-16.37K
Pretax Income+-895.4K-3.72M-6.98M-6.88M-9.42M-8.79M-22.75M-30.2M-13.93M-6.54M
Pretax Margin %----5787.86%-14.48%-4.97%-23.22%-20.27%-38.77%-79.43%
Income Tax+5.14K-1.03M000000034.84K
Effective Tax Rate %0.72%0.72%0.48%0.49%1%1%1%1%0.91%0.89%
Net Income+-645.24K-2.69M-3.36M-3.4M-9.42M-8.79M-22.75M-30.2M-12.63M-5.81M
Net Margin %----2859.9%-14.48%-4.97%-23.22%-20.27%-35.13%-70.56%
Net Income Growth %-1.17%-3.17%-0.25%-0.01%-1.77%0.07%-1.59%-0.33%0.58%0.54%
Net Income (Continuing)-895.4K-5M-6.98M-6.88M-9.42M-8.79M-22.75M-30.2M-13.93M-6.58M
Discontinued Operations000-1.51M000000
Minority Interest01.2M-916.03K-4.33M-3.73M-5.19M-8.62M-8.67M-7.39M-11.39M
EPS (Diluted)+-124.76-274.08-225.65-216.28-235.35-182.05-308.16-259.18-13.84-2.21
EPS Growth %-0.08%-1.2%0.18%0.04%-0.09%0.23%-0.69%0.16%0.95%0.84%
EPS (Basic)-124.76-274.08-225.65-216.28-235.35-182.05-308.16-259.18-13.84-2.21
Diluted Shares Outstanding8.63K13.5K19K22.49K29.3K40.52K59.55K103.77K912.72K2.63M
Basic Shares Outstanding8.63K13.5K19K22.49K29.3K40.52K59.55K103.77K912.72K2.63M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+30.6K932.89K216.66K74.26K132.11K3.16M2.35M1.98M4.87M5.08M
Cash & Short-Term Investments16.43K900.53K183.49K24.96K76.37K2.28M1.68M1.6M4.69M4.41M
Cash Only16.43K900.53K183.49K24.96K76.37K2.28M1.68M1.6M4.69M4.41M
Short-Term Investments0000000000
Accounts Receivable05.76K03.51K34.18K464.87K123.62K63.08K18.22K0
Days Sales Outstanding---1.08K19.1795.9346.0615.4518.5-
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets00000398.28K174.81K19.17K160.47K1
Total Non-Current Assets+659.31K4.02M3.76M2.63M2.98M2.34M16.19M8.93M10.61K0
Property, Plant & Equipment409.98K24.21K39.98K43.4K734.63K493.81K326.94K127.23K1.94K0
Fixed Asset Turnover---0.03x0.89x3.58x3.00x11.71x185.75x-
Goodwill0000006.58M000
Intangible Assets03.99M3.6M2.48M2.14M1.74M9.17M8.66M00
Long-Term Investments000000008.68K0
Other Non-Current Assets249.34K8.56K113.47K108.52K108.85K107.24K109.07K146.89K00
Total Assets+689.91K4.96M3.97M2.7M3.11M5.49M18.54M10.91M4.88M5.08M
Asset Turnover---0.00x0.21x0.32x0.05x0.14x0.07x0.02x
Asset Growth %3.84%6.18%-0.2%-0.32%0.15%0.76%2.38%-0.41%-0.55%0.04%
Total Current Liabilities+205.73K244.05K479.87K760.44K1M3.96M3.37M4.5M321.48K37.79K
Accounts Payable42.31K123.74K219.13K316.65K342.19K552.36K386.03K187.22K82.58K37.79K
Days Payables Outstanding---926.01K521.76614.32-82.42220.63238.16
Short-Term Debt00594.29K002.29M2.11M3.53M00
Deferred Revenue (Current)000000193.5K035.05K0
Other Current Liabilities45.35K0-594.29K04.18K00506.24K177.5K0
Current Ratio0.15x3.82x0.45x0.10x0.13x0.80x0.70x0.44x15.14x134.50x
Quick Ratio0.15x3.82x0.45x0.10x0.13x0.80x0.70x0.44x15.14x134.50x
Cash Conversion Cycle----------
Total Non-Current Liabilities+170.07K0594.29K2.55M4.32M2.67M1.17M-100
Long-Term Debt170.07K002.55M3.71M2.24M678.51K000
Capital Lease Obligations0000612.29K432.11K128.56K000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities000000361.06K-100
Total Liabilities375.8K244.05K975.9K3.31M5.32M6.63M4.54M4.5M321.48K37.79K
Total Debt+181.24K0594.29K2.55M4.57M5.17M3.15M3.7M00
Net Debt164.8K-900.53K410.8K2.53M4.5M2.89M1.48M2.1M-4.69M-4.41M
Debt / Equity0.58x-0.20x---0.23x0.58x--
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-92.70x--1237.47x-83.09x-15.96x-12.22x-128.61x-247.68x--
Total Equity+314.11K4.71M3M-613.47K-2.21M-1.14M14M6.41M4.56M5.05M
Equity Growth %3.24%14%-0.36%-1.2%-2.6%0.49%13.3%-0.54%-0.29%0.11%
Book Value per Share36.39349.01157.80-27.27-75.45-28.09235.1461.774.991.92
Total Shareholders' Equity314.11K3.51M3.91M3.71M1.52M4.06M22.62M15.08M11.94M16.43M
Common Stock78.86M85.19M70.25M67.37M74.67M82.07M110.25M185.3M147.13M216.5M
Retained Earnings-82.5M-86.11M-90.34M-98.33M-80.82M-86.6M-101M-170.47M-135.43M-200.52M
Treasury Stock0000000000
Accumulated OCI2.91M4.17M5.51M6.07M7.44M8.58M10.66M209.82K248.29K458.13K
Minority Interest01.2M-916.03K-4.33M-3.73M-5.19M-8.62M-8.67M-7.39M-11.39M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-534.68K-1.24M-2.5M-3.73M-4.12M-3.8M-12.89M-9.15M-5.58M-4.97M
Operating CF Margin %----3134.36%-6.33%-2.15%-13.16%-6.14%-15.53%-60.35%
Operating CF Growth %-0.85%-1.31%-1.02%-0.49%-0.11%0.08%-2.4%0.29%0.39%0.11%
Net Income-645.24K-3.72M-5.55M-6.88M-5.18M-5.78M-17.85M-22.47M-10.51M-4.57M
Depreciation & Amortization0790.24K1.93M2.2M2.15M1.51M2.35M3.03M2.47M1.69K
Stock-Based Compensation57.28K1.17M1.1M478.19K002.15M1.57M-1.45M160.87K
Deferred Taxes0365.39K0000877.93K000
Other Non-Cash Items58.88K186K5.4K149.46K-1.11M510.17K471.65K8.69M3.98M17.8K
Working Capital Changes-5.61K-29.59K15.74K328.67K13.39K-44.22K-886.25K32.23K-68.02K-577.46K
Change in Receivables1.2K-1.25K06.35K-29.86K-417.11K378.98B62.87K42.53K18.22K
Change in Inventory000000773.19B000
Change in Payables000017.35K369.66K-1.15T00-260.14K
Cash from Investing+-377.01K-2.06M-1.28M-1.35M-1.46M-910.61K-2.51M-2.54M-14.51K0
Capital Expenditures-134.97K-405.19K-1.28M-1.35M-1.46M-1.05M-2.43M-40.21K-19.41K0
CapEx % of Revenue---1137.85%2.25%0.6%2.48%0.03%0.05%-
Acquisitions----------
Investments----------
Other Investing-242.04K137.98K00000-2.5M4.9K0
Cash from Financing+927K4.18M3M4.94M5.63M6.85M14.8M11.19M9.05M3.28M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-57.73K-54.9K-2.81K-327.94K-270.64K205.8K4.5M-1.74M3.88M0
Net Change in Cash----------
Free Cash Flow+-669.66K-1.64M-3.78M-5.08M-4.12M-3.8M-15.32M-11.69M-5.6M-4.97M
FCF Margin %----4272.2%-6.33%-2.15%-15.64%-7.85%-15.58%-60.35%
FCF Growth %-0.73%-1.45%-1.3%-0.34%0.19%0.08%-3.03%0.24%0.52%0.11%
FCF per Share-77.59-121.55-198.93-225.83-140.64-93.72-257.26-112.65-6.14-1.89
FCF Conversion (FCF/Net Income)0.83x0.46x0.74x1.10x0.44x0.43x0.57x0.30x0.44x0.86x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-743.25%-106.95%-87.19%-285.19%---353.64%-295.86%-230.3%-121.08%
Return on Invested Capital (ROIC)-313.07%-110.75%-144.98%-191.28%-327.48%-295.41%-171.81%-190.44%-257.42%-1938.01%
Gross Margin---89.49%63.21%81.44%100%44.35%61.99%29.69%
Net Margin----285990.08%-1447.93%-497.19%-2321.98%-2026.73%-3513.31%-7056.16%
Debt / Equity0.58x-0.20x---0.23x0.58x--
Interest Coverage-92.70x--1237.47x-83.09x-15.96x-12.22x-128.61x-247.68x--
FCF Conversion0.83x0.46x0.74x1.10x0.44x0.43x0.57x0.30x0.44x0.86x
Revenue Growth----54630.03%171.8%-44.61%52.09%-75.88%-77.08%

Frequently Asked Questions

Growth & Financials

Versus Systems Inc. (VS) reported $3.0M in revenue for fiscal year 2024.

Versus Systems Inc. (VS) saw revenue decline by 77.1% over the past year.

Versus Systems Inc. (VS) reported a net loss of $1.7M for fiscal year 2024.

Dividend & Returns

Versus Systems Inc. (VS) has a return on equity (ROE) of -121.1%. Negative ROE indicates the company is unprofitable.

Versus Systems Inc. (VS) had negative free cash flow of $2.2M in fiscal year 2024, likely due to heavy capital investments.

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