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Versus Systems
(NASDAQ:VS)
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Rating:47Neutral
Price Target:
$1.00
▼(-28.06% Downside)
Action:Reiterated
Date:07/24/26
The score is primarily held back by weak financial performance (declining TTM revenue, large ongoing losses, and negative free cash flow) despite the benefit of no reported debt. Technicals are neutral-to-slightly supportive (positive MACD, RSI near mid-range) but not strong enough to overcome fundamentals, and valuation signals are constrained by negative earnings and no dividend yield.
Positive Factors
Zero reported debt
A debt-free capital structure materially reduces solvency and interest-rate risk, giving management flexibility to prioritize operational investment or execute equity-based recapitalizations. Over months, lack of debt lowers fixed financial obligations and improves resilience while burning cash.
Negative Factors
Small, declining revenue
Very low and uneven top-line makes scaling the business difficult; declining TTM revenue signals fragile demand or inconsistent monetization. Over several months this limits ability to leverage high gross margins into sustainable operating profits or to fund growth initiatives internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero reported debt
A debt-free capital structure materially reduces solvency and interest-rate risk, giving management flexibility to prioritize operational investment or execute equity-based recapitalizations. Over months, lack of debt lowers fixed financial obligations and improves resilience while burning cash.
Read all positive factors
Versus Systems (VS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.13M
Dividend YieldN/A
Average Volume (3M)14.47K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth769.66%
EPS Growth74.36%
CountryUS
Employees5
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.42
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-2.25
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
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
Operating across the United States and Canada, Versus Systems Inc. provides a business-to-business software platform. Their primary product, eXtreme Engagement Online, enables clients such as professional sports organizations, live event producers...
How the Company Makes Money
Versus Systems primarily makes money by providing sponsored prizing and promotional engagement solutions that allow brands/advertisers to reach audiences through interactive challenges and reward-based campaigns embedded in games or digital media....
Versus Systems Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Dec 2024 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.18M | 57.25K | 270.63K | 1.11M | 768.65K |
| Gross Profit | 2.17M | 17.00K | 167.76K | 492.47K | 768.65K |
| EBITDA | -2.16M | -4.53M | -4.05M | -10.74M | -15.34M |
| Net Income | -1.79M | -4.04M | -9.51M | -22.50M | -17.85M |
Balance Sheet | |||||
| Total Assets | 2.06M | 5.08M | 4.88M | 10.91M | 18.54M |
| Cash, Cash Equivalents and Short-Term Investments | 527.39K | 4.41M | 4.69M | 1.60M | 1.68M |
| Total Debt | 0.00 | 0.00 | 0.00 | 3.70M | 3.15M |
| Total Liabilities | 142.76K | 37.79K | 321.48K | 4.50M | 4.54M |
| Stockholders Equity | 10.19M | 16.43M | 11.94M | 15.08M | 22.62M |
Cash Flow | |||||
| Free Cash Flow | -2.66M | -4.97M | -5.60M | -11.69M | -15.32M |
| Operating Cash Flow | -2.05M | -4.97M | -5.58M | -9.15M | -12.89M |
| Investing Cash Flow | -609.00K | 0.00 | -14.51K | -2.54M | -2.51M |
| Financing Cash Flow | 0.00 | 3.28M | 9.05M | 11.19M | 14.80M |
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% | |
48 Neutral | $15.01M | -0.91 | -137.61% | ― | 9.71% | 95.35% | |
47 Neutral | $6.13M | -2.98 | -14.69% | ― | 769.66% | 74.36% | |
45 Neutral | $12.39M | -1.00 | 36.60% | ― | -1.85% | 55.50% | |
40 Underperform | $4.28M | -0.16 | -96.25% | ― | -31.31% | 80.04% |
* Technology Sector Average
VS
Versus Systems
1.32
-1.08
-45.00%
OLB
OLB Group
0.32
-1.26
-79.81%
IFBD
Infobird Co
1.00
0.02
2.04%
NVNI
Nvni Group
1.19
-3.82
-76.25%
IDAI
T Stamp, Inc. Class A
3.12
0.03
0.97%
Versus Systems Corporate Events
Delistings and Listing ChangesFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Versus Systems Raises Equity, Believes Nasdaq Compliance Restored
Positive
Jul 24, 2026
Versus Systems, Inc., which develops gamification and engagement technology, received a Nasdaq deficiency letter on April 29, 2026, after failing to maintain the required $2.5 million in stockholders’ equity as of December 31, 2025. To bolst...
Executive/Board ChangesShareholder Meetings
Versus Systems Shareholders Back Board and Governance Proposals
Positive
Jul 17, 2026
Versus Systems, Inc. held its annual meeting of shareholders on July 16, 2026, with 3,353,682 shares present in person or by proxy, representing 68.42% of the 4,901,677 shares of common stock eligible to vote. The company presented two governance-...
Business Operations and StrategyPrivate Placements and Financing
Versus Systems Completes Unregistered Private Stock Offering
Positive
Jun 29, 2026
On June 26, 2026, Versus Systems, Inc. completed a stock purchase transaction with ASPIS Cyber Technologies, Inc., issuing 1,310,969 shares of its common stock at $1.29675 per share for total consideration of $1.7 million. The privately placed sha...
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...
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.