Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (2024–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 |
|---|---|---|
| Market Cap | $1M | — |
| Enterprise Value | $1M | — |
| P/E Ratio → | — | — |
| P/S Ratio | — | — |
| P/B Ratio | — | — |
| P/FCF | — | — |
| P/OCF | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 |
|---|---|---|
| EV / Revenue | — | — |
| EV / EBITDA | — | — |
| EV / EBIT | — | — |
| EV / FCF | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 |
|---|---|---|
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Profit Margin | — | — |
| Metric | TTM | FY 2024 |
|---|---|---|
| ROE | — | — |
| ROA | — | — |
| ROIC | — | — |
| ROCE | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 |
|---|---|---|
| Debt / Equity | — | — |
| Debt / EBITDA | — | — |
| Net Debt / Equity | — | — |
| Net Debt / EBITDA | — | — |
| Debt / FCF | — | — |
| Interest Coverage | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 |
|---|---|---|
| Current Ratio | 0.41 | 0.41 |
| Quick Ratio | 0.41 | 0.41 |
| Cash Ratio | — | — |
| Asset Turnover | — | — |
| Inventory Turnover | — | — |
| Days Sales Outstanding | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 |
|---|---|---|
| Dividend Yield | — | — |
| Payout Ratio | — | — |
| Metric | TTM | FY 2024 |
|---|---|---|
| Earnings Yield | — | — |
| FCF Yield | — | — |
| Buyback Yield | 0.0% | — |
| Total Shareholder Yield | 0.0% | — |
| Shares Outstanding | — | $0 |
Insolvency and dilution risk
As reported in recent financial statements, VSAI's current ratio has deteriorated to 0.27 in 2025Q2, indicating that the firm lacks sufficient liquid assets to cover its immediate short-term obligations, a trend that warrants significant concern regarding the company's ability to sustain its current research-heavy operating model.
The decline from a 0.31 current ratio in the prior quarter suggests that the company is consuming its remaining liquidity at an accelerating pace. This level of liquidity is insufficient for a technology firm that lacks established, recurring cash flows, implying that the company may face imminent pressure to secure external financing to avoid a liquidity crisis.
Based on the company's reported figures, the Days Sales Outstanding (DSO) surged to 1075 days in 2025Q2, which, when compared to the 243 days observed in 2025Q1, suggests a profound inability to convert pilot-based project work into actual cash receipts in a timely manner.
Such an extreme DSO figure indicates that the company's revenue recognition is significantly decoupled from cash collection, likely due to the lumpy and experimental nature of its current industrial pilot programs. This inefficiency forces the company to rely on external capital to bridge the gap between project initiation and final payment, creating a structural drag on cash flow.
According to the latest quarterly data, VSAI's return on assets (ROA) of -2.3% in 2025Q2, while showing a nominal improvement from the -193.5% reported in 2025Q1, continues to highlight a fundamental inability to generate positive returns on the capital deployed into its spatial computing and AI infrastructure.
The persistent negative ROA suggests that the company's investments in R&D and specialized talent are not yet translating into productive assets that can generate earnings. Investors should monitor whether this trend reflects a permanent impairment of capital or merely the high upfront costs of developing a nascent, unproven technology platform.
Market participants frequently misapply traditional Price-to-Sales (P/S) multiples to VSAI, which obscures the company's underlying structural insolvency and the high risk of dilution inherent in its current business model, as these metrics fail to account for the lack of recurring, high-margin software revenue.
Using P/S multiples for a company with such volatile, project-based revenue and negative equity is misleading, as it ignores the massive cash burn required to maintain operations. A more appropriate focus would be on the 'cash runway' and the conversion rate of pilot programs into long-term, high-margin licensing agreements, rather than headline revenue figures.
Includes 30+ ratios · 1 years · Updated daily
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Based on historical data, VERSES AI Inc. Common Stock is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.