Versus Systems Inc. (VS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 17.3K | 5.58K | 0 | 1.97M | 198.4K | 1.2K | 3.87K | 26.96K | 26.48K | 34.15K | 22.95K | 42.31K | 157.88K | 242.12K | 319.53K | 250.5K | 323.75K | 389.99K | 304.45K | 70.38K |
| Revenue Growth % | -91.28% | 364.23% | -100% | 7218.55% | 649.16% | -96.48% | -83.16% | -36.29% | -83.23% | -85.9% | -92.82% | -83.11% | -51.24% | -37.92% | 4.95% | 255.96% | 96261.09% | -11.29% | -59.45% | -88.64% |
| Cost of Goods Sold | 0 | 0 | 0 | 8.19K | 8.18K | 601 | 0 | 16.24K | 24.03K | 564.71K | 23.57K | 547.59K | 32.34K | -222.52K | 263.98K | 364.76K | 237.02K | 226.56K | 227.83K | 99.94K |
| COGS % of Revenue | - | - | - | 0.42% | 4.12% | 50% | - | 60.25% | 90.73% | 1653.76% | 102.7% | 1294.16% | 20.48% | -91.9% | 82.61% | 145.61% | 73.21% | 58.09% | 74.83% | 142.01% |
| Gross Profit | 17.3K | 5.58K | 0 | 1.96M | 190.22K | 601 | 3.87K | 10.71K | 2.46K | 34.15K | -619 | -505.27K | 125.53K | 464.64K | 55.55K | -114.25K | 86.73K | 163.44K | 76.62K | -29.57K |
| Gross Margin % | 100% | 100% | - | 99.58% | 95.88% | 50% | 100% | 39.74% | 9.27% | 100% | -2.7% | -1194.16% | 79.51% | 191.9% | 17.39% | -45.61% | 26.79% | 41.91% | 25.17% | -42.01% |
| Gross Profit Growth % | -90.91% | 828.45% | -100% | 18238.44% | 7648.11% | -98.24% | 724.39% | 102.12% | -98.04% | -92.65% | -101.11% | -342.25% | 44.74% | 184.29% | -27.5% | -286.4% | 248.54% | -78.1% | -88.94% | -105.46% |
| Operating Expenses | 836K | 1.61M | 1.05M | 1.03M | 1.36M | 1.01M | 535.33K | 1.51M | 1.5M | 5.31M | 1.89M | 1.17M | 1.45M | 13.25M | 3.38M | 3.22M | 3.65M | 3.53M | 3.34M | 6.2M |
| OpEx % of Revenue | 4832.34% | 28893.8% | - | 52.17% | 684.18% | 83895.17% | 13850.61% | 5607.23% | 5674.74% | 15552.76% | 8232.27% | 2773.26% | 919.59% | 5473.66% | 1058.29% | 1286.66% | 1126.1% | 905.3% | 1098.06% | 8811.88% |
| Selling, General & Admin | 836K | 1.58M | 741.93K | 1.02M | 1.35M | 880.56K | 523.81K | 1.44M | 1.46M | 2.37M | 1.26M | 1.17M | 1.38M | 9.67M | 755.05K | 677.92K | 821.89K | 589.29K | 576.11K | 2.53M |
| SG&A % of Revenue | 4832.34% | 28371.83% | - | 51.86% | 681.09% | 73258.24% | 13552.68% | 5353.8% | 5526.03% | 6941.59% | 5503.61% | 2773.26% | 877.08% | 3992.77% | 236.3% | 270.62% | 253.86% | 151.1% | 189.23% | 3598.5% |
| Research & Development | 0 | 21.23K | 14.47K | 6.2K | 6.12K | 127.86K | 11.51K | 67.25K | 39.38K | 50.32K | 272.06K | 717.67K | 67.11K | 2.41M | 0 | 0 | 0 | 298.88K | 0 | 0 |
| R&D % of Revenue | - | 380.41% | - | 0.31% | 3.08% | 10636.94% | 297.9% | 249.48% | 148.71% | 147.35% | 1185.69% | 1696.13% | 42.51% | 995.1% | - | - | - | 76.64% | - | - |
| Other Operating Expenses | 0 | 7.9K | 296.09K | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | 354.03K | -717.67K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -818.7K | -1.61M | -1.05M | 935.38K | -1.17M | -1.01M | -531.46K | -1.5M | -1.5M | -5.28M | -1.89M | -1.68M | -1.33M | -12.79M | -3.33M | -3.34M | -3.56M | -3.37M | -3.27M | -6.23M |
| Operating Margin % | -4732.34% | -28793.8% | - | 47.41% | -588.3% | -83895.17% | -13750.58% | -5567.48% | -5665.47% | -15452.76% | -8234.97% | -3967.42% | -840.07% | -5281.75% | -1040.91% | -1332.27% | -1099.31% | -863.4% | -1072.9% | -8853.9% |
| Operating Income Growth % | 29.86% | -59.33% | -98.04% | 162.33% | 22.21% | 80.89% | 71.87% | 10.6% | -13.13% | 58.74% | 43.19% | 49.7% | 62.73% | -279.79% | -1.82% | 46.44% | -37.54% | -65.26% | -130.51% | -30.34% |
| EBITDA | -818.7K | -1.61M | -1.05M | 935.38K | -1.17M | -1.01M | -529.76K | -883.27K | -664.57K | -4.93M | -1.45M | -1.13M | -566.68K | -11.81M | -2.62M | -2.64M | -2.85M | -2.95M | -2.65M | -5.55M |
| EBITDA Margin % | -4732.34% | -28793.8% | - | 47.41% | -588.3% | -83895.17% | -13706.72% | -3276.7% | -2509.41% | -14432.23% | -6310.25% | -2673.26% | -358.93% | -4877.26% | -818.7% | -1054.66% | -879.33% | -755.88% | -871.89% | -7883.14% |
| EBITDA Growth % | 29.86% | -59.33% | -98.56% | 205.9% | -75.63% | 79.54% | 63.41% | 21.91% | -17.27% | 58.27% | 44.65% | 57.19% | 80.09% | -300.59% | 1.45% | 52.38% | -30.21% | -82.89% | -87.79% | -16.33% |
| D&A (Non-Cash Add-back) | 0 | 0 | 588 | 0 | 0 | 0 | 1.7K | 617.5K | 835.82K | 348.48K | 441.63K | 547.59K | 759.61K | 979.35K | 710.01K | 695.43K | 712.18K | 419.3K | 611.98K | 683.17K |
| EBIT | -818.7K | -1.61M | -1.05M | 935.38K | -1.17M | -1.01M | -531.46K | -1.2M | -1.5M | -1.38M | -1.54M | -1.73M | -1.33M | -3.87M | -3.33M | -3.46M | -3.41M | -3.15M | -3.68M | -4.73M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.27K | -15.31K | -18.2K | -20.33K | -33.11K | -38.99K | -48.73K | -36.72K | -61.26K | -92.81K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.43K | 0 | -15.32K | -19.48K | -31.14K | -37.75K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.27K | 15.31K | 18.2K | 7.9K | 33.11K | 23.66K | 29.25K | 5.58K | 23.51K | 92.81K |
| Other Income/Expense | 0 | -2.43K | 0 | 3.65K | 16.21K | -11.13K | 73 | -75 | -246 | -13.86K | 354.03K | -65.59K | -38.98K | 118.5K | -214.11K | 113.24K | 203.64K | 897.62K | 1.69M | 2.33M |
| Pretax Income | -818.7K | -1.61M | -1.05M | 939.03K | -1.15M | -1.02M | -531.39K | -1.5M | -1.5M | -5.29M | -1.54M | -1.74M | -1.33M | -12.67M | -3.54M | -3.22M | -3.36M | -2.47M | -1.58M | -2.4M |
| Pretax Margin % | -4732.34% | -28837.35% | - | 47.6% | -580.13% | -84820.97% | -13748.69% | -5567.76% | -5666.4% | -15493.35% | -6692% | -4122.43% | -840.07% | -5232.81% | -1107.91% | -1287.06% | -1036.41% | -633.23% | -517.9% | -3407.72% |
| Income Tax | 0 | 0 | 2.22K | 0 | 0 | 24.21K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | -0.21% | 0% | 0% | -2.37% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -683.2K | -1.32M | -748.34K | 669.89K | -957.18K | -511.61K | -531.39K | -1.34M | -1.33M | -5.29M | -1.54M | -1.54M | -1.33M | -12.65M | -3.54M | -4M | -2.58M | 950.55K | -572.52K | -2.14M |
| Net Margin % | -3949.13% | -23727.97% | - | 33.96% | -482.45% | -42563.31% | -13748.69% | -4987.88% | -5012.51% | -15493.35% | -6692% | -3642.7% | -840.07% | -5223.98% | -1107.91% | -1595.66% | -797.49% | 243.74% | -188.05% | -3044.26% |
| Net Income Growth % | 28.62% | -158.79% | -40.83% | 149.82% | 27.89% | 90.33% | 65.39% | 12.77% | -0.09% | 58.17% | 56.63% | 61.44% | 48.63% | -1430.63% | -518.34% | -86.58% | 79.58% | 151.21% | 57.82% | 18.23% |
| Net Income (Continuing) | -818.7K | -1.61M | -1.05M | 939.03K | -1.15M | -1.04M | -531.39K | -1.5M | -1.5M | -5.29M | -1.54M | -1.74M | -1.33M | -12.67M | -3.54M | -3.22M | -3.36M | -2.47M | -1.58M | -2.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -8.41M | -8.27M | -11.22M | -7.84M | -11.68M | -11.39M | -7.69M | -7.72M | -7.56M | -7.39M | -9.51M | -6.78M | -6.52M | -8.67M | -8.19M | -5.5M | -5.02M | -8.62M | -9.89M | -5.36M |
| EPS (Diluted) | -0.14 | -0.27 | -0.15 | 0.14 | -0.20 | -0.17 | -0.22 | -0.54 | -0.53 | -3.30 | -2.29 | -3.05 | -2.57 | -100.92 | -30.88 | -31.75 | -32.46 | -26.43 | -9.08 | -19.49 |
| EPS Growth % | 30% | -58.82% | 31.82% | 125.93% | 62.26% | 94.85% | 90.39% | 82.3% | 79.38% | 96.73% | 92.58% | 90.39% | 92.08% | -281.84% | -240.09% | -62.9% | 86.82% | 46.49% | 74.12% | 70.37% |
| EPS (Basic) | -0.14 | -0.27 | -0.15 | 0.14 | -0.20 | -0.17 | -0.22 | -0.54 | -0.53 | -3.30 | -2.29 | -3.05 | -2.57 | -100.92 | -30.88 | -31.75 | -32.46 | -26.43 | -9.08 | -19.49 |
| Diluted Shares Outstanding | 4.9M | 4.9M | 4.9M | 4.93M | 4.9M | 3.26M | 2.51M | 2.51M | 2.51M | 1.55M | 669.64K | 669.63K | 515.3K | 103.77K | 99.91K | 86.3K | 79.5K | 63.56K | 63.06K | 57.64K |
| Basic Shares Outstanding | 4.9M | 4.9M | 4.9M | 4.9M | 4.9M | 3.26M | 2.51M | 2.51M | 2.51M | 1.55M | 669.64K | 669.63K | 515.3K | 103.77K | 99.91K | 86.3K | 79.5K | 63.56K | 63.06K | 57.64K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |