Versus Systems Inc.(VS)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $2.2M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
VS Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Versus Systems Inc. (VS), a Technology sector company. VS is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $2.2m in revenue. Based on the latest XBRL financial filings (Q1 2026), Versus Systems Inc. reports quarterly revenue of $17.3K, net income of $-683.2K, free cash flow of $144.0K. Top institutional holders of VS by reported 13-F value include MORGAN STANLEY, GEODE CAPITAL MANAGEMENT,, OSAIC HOLDINGS,, based on the most recent SEC filings. VS trades on the Nasdaq exchange and files with the SEC under CIK 1701963. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Versus Systems Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$17.3K
Net Income
Q1 2026
$-683.2K
Free Cash Flow
Q1 2026
$144.0K
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+3711.3% YoYNet Income
+55.7% YoYOperating Income
+52.4% YoYEPS (Diluted)
+76.0% YoYTotal Assets
-41.7% YoYOp. Cash Flow
+58.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Revenue | $2.2M +3711.3% | $57.3K -78.9% | $271.2K -75.5% | $1.1M |
| Net Income | $-1.8M +55.7% | $-4.0M +57.6% | $-9.5M +57.6% | $-22.5M |
| Operating Income | $-2.2M +52.4% | $-4.5M +58.2% | $-10.9M +52.1% | $-22.7M |
| EPS (Diluted) | $-0.37 +76.0% | $-1.54 +70.5% | $-5.22 +94.6% | $-96.44 |
| Total Assets | $2.1M -41.7% | $3.5M -27.5% | $4.9M -39.5% | $8.1M |
| Operating Cash Flow | $-2.1M +58.7% | $-5.0M +10.9% | $-5.6M +39.0% | $-9.2M |
AI Insight: VS Financial Trends
Versus Systems remains pre-revenue with persistent operating losses and negative cash flow; Q4 2025 showed a brief $2M revenue spike that did not sustain into Q1 2026.
• Revenue reached $2M in Q4 2025, first meaningful top-line result, but collapsed back to $0M in Q1 2026.
• Operating income and net income both oscillating around −$1M per quarter; no sustained profitability achieved.
• Operating cash flow consistently negative (−$1M to −$2M) across eight quarters, burning cash despite equity base.
⚠ Q4 2025 revenue spike ($2M) failed to repeat; unclear whether event-driven or sustainable—critical inflection.
⚠ Equity declined from $12M (Q2 2025) to $10M (Q1 2026)—persistent losses eroding shareholder capital.
AI Insight: VS Ratio Trends
Versus Systems remains deeply unprofitable with volatile and negative returns across all metrics; Q2 2025's brief profitability spike has reversed.
• Operating margin fell to -54.2% in Q4 2025; net profit margin deteriorated to -44.7%, signaling severe operational distress.
• ROIC swung wildly: from -63.0% in Q2 2024 to +32.2% in Q2 2025, then collapsed to -46.0% in Q4 2025, indicating unstable earnings.
• TTM ROE of -15.8% and ROA of -91.2% reflect persistent losses destroying shareholder and asset value over the trailing 12 months.
⚠ Q2 2025 profitability anomaly (ROE +23.1%, ROA +70.0%, ROIC +32.2%) did not persist—likely one-off; core business remains loss-making.
⚠ No operating margin data for Q2–Q3 2024 and Q1–Q3 2025; opacity on cost structure limits trend visibility.
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Available Research
13F Pro tracks comprehensive data for Versus Systems Inc. including:
Top Institutional Holders of VS
MORGAN STANLEY
$27.7K22,699 shGEODE CAPITAL MANAGEMENT, LLC
$18.5K15,551 shOSAIC HOLDINGS, INC.
$378.00311 shTower Research Capital LLC (TRC)
$101.0083 shUBS Group AG
$1.001 sh
| Fund | Value | Shares |
|---|---|---|
| MORGAN STANLEY | $27.7K | 22,699 |
| GEODE CAPITAL MANAGEMENT, LLC | $18.5K | 15,551 |
| OSAIC HOLDINGS, INC. | $378.00 | 311 |
| Tower Research Capital LLC (TRC) | $101.00 | 83 |
| UBS Group AG | $1.00 | 1 |
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Popular Research
Is VS a good stock to buy?
13F Pro's AI-powered analysis of Versus Systems Inc. (VS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VS are available on the VS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own VS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Versus Systems Inc.'s investment landscape.