Versus Systems Inc (VS)
NASDAQ:VS
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Versus Systems
(NASDAQ:VS)
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Rating:45Neutral
Price Target:
$1.00
▼(-24.24% Downside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by weak financial performance (persistent losses, declining TTM revenue, and ongoing cash burn) despite a debt-free balance sheet. Technicals are neutral without a clear bullish trend, valuation is constrained by unprofitability, and corporate events add downside risk from Nasdaq compliance pressures even though an equity raise could improve the capital position.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and interest burden risk, preserving financial flexibility. Over the next several months this allows management to prioritize customer and product investments or negotiate equity financings without near-term covenant pressures that leverage would create.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow means the business cannot internally fund its operations or growth and must rely on external capital. Over a 2–6 month horizon this materially raises funding risk, constrains product investment, and amplifies execution pressure on management.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and interest burden risk, preserving financial flexibility. Over the next several months this allows management to prioritize customer and product investments or negotiate equity financings without near-term covenant pressures that leverage would create.
Read all positive factors
Versus Systems (VS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.24M
Dividend YieldN/A
Average Volume (3M)14.47K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth769.66%
EPS Growth74.36%
CountryUS
Employees5
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.37
Shares Outstanding4,901,677
10 Day Avg. Volume14,802
30 Day Avg. Volume14,471
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.59
Price to Sales (P/S)2.74
P/FCF Ratio-2.91
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue1.77
Enterprise Value/Gross Profit1.78
Enterprise Value/Ebitda-2.19
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Versus Systems Business Overview & Revenue Model
Company Description
Versus 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 ...
How the Company Makes Money
Versus Systems primarily generates revenue by providing sponsored rewards and promotional campaigns that are integrated into third-party digital content (e.g., video games and interactive media). In this model, brands pay for the ability to run pr...
Versus Systems Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.72M | 2.18M | ― | 359.43K | 1.49M | 979.63K |
| Gross Profit | 2.71M | 2.17M | 24.46K | 222.82K | 660.79K | 979.63K |
| EBITDA | -2.20M | -2.16M | -6.53M | -5.38M | -14.41M | -19.56M |
| Net Income | -1.84M | -1.79M | -5.81M | -12.63M | -30.20M | -22.75M |
Balance Sheet | ||||||
| Total Assets | 1.66M | 2.06M | 5.08M | 4.88M | 10.91M | 18.54M |
| Cash, Cash Equivalents and Short-Term Investments | 422.90K | 527.39K | 4.41M | 4.69M | 1.60M | 1.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 3.70M | 3.15M |
| Total Liabilities | 459.34K | 142.76K | 37.79K | 321.48K | 4.50M | 4.54M |
| Stockholders Equity | 9.61M | 10.19M | 16.43M | 11.94M | 15.08M | 22.62M |
Cash Flow | ||||||
| Free Cash Flow | -1.60M | -2.05M | -4.97M | -5.60M | -11.69M | -15.32M |
| Operating Cash Flow | -1.29M | -2.05M | -4.97M | -5.58M | -9.15M | -12.89M |
| Investing Cash Flow | -940.57K | -609.00K | 0.00 | -14.51K | -2.54M | -2.51M |
| Financing Cash Flow | 0.00 | 0.00 | 3.28M | 9.05M | 11.19M | 14.80M |
Versus Systems Technical Analysis
Neutral
1.32
Price Trends
1.16
Negative
1.13
Positive
1.46
Negative
Market Momentum
-0.02
Positive
46.95
Neutral
29.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VS, the sentiment is Neutral. The current price of 1.32 is above the 20-day moving average (MA) of 1.19, above the 50-day MA of 1.16, and below the 200-day MA of 1.46, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.95 is Neutral, neither overbought nor oversold. The STOCH value of 29.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VS.
Versus Systems Risk Analysis
Versus Systems disclosed 50 risk factors in its most recent earnings report. Versus Systems reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Versus Systems Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | $5.24M | -2.19 | -16.34% | ― | 769.66% | 74.36% | |
42 Neutral | $12.94M | -0.83 | -302.04% | ― | 9.71% | 95.35% | |
41 Neutral | $6.85M | -0.44 | -208.53% | ― | -31.31% | 80.04% | |
41 Neutral | $11.84M | ― | 83.74% | ― | -1.85% | 55.50% |
* Technology Sector Average
VS
Versus Systems
1.13
-0.81
-41.75%
OLB
OLB Group
0.44
-1.28
-74.19%
IFBD
Infobird Co
1.05
0.02
1.94%
NVNI
Nvni Group
1.19
-2.90
-70.90%
IDAI
T Stamp, Inc. Class A
2.35
0.27
12.98%
Versus Systems Corporate Events
Delistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
Versus Systems Faces Nasdaq Compliance Challenge, Plans Capital Raise
Negative
May 5, 2026
On April 29, 2026, Nasdaq notified Versus Systems that it was not in compliance with the $2.5 million minimum stockholders’ equity requirement after reporting equity of $1,918,303 as of December 31, 2025, and failing to meet alternative list...
Business Operations and StrategyPrivate Placements and Financing
Versus Systems Announces Strategic Equity Investment Agreement
Positive
Apr 16, 2026
On April 15, 2026, Versus Systems, Inc. entered into a Stock Purchase Agreement with ASPIS Cyber Technologies, Inc. under which Versus will sell common stock to ASPIS for cash at a per-share price equal to 105% of the closing price on the trading ...
Business Operations and StrategyProduct-Related Announcements
Versus Systems Renews Texas Rangers Filter Fan Cam Partnership
Positive
Mar 3, 2026
On March 3, 2026, Versus Systems renewed its partnership with Major League Baseball’s Texas Rangers to continue using the company’s Filter Fan Cam at Globe Life Field through the 2026 season, extending a five-year collaboration. The de...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.