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Versus Systems Inc.
VSCIK 0001701963NasdaqEmerging GrowthServices-Computer Processing & Data PreparationA1CAFY ends Dec 31
Period
FY 2025
Revenue
$2.18M
Net Income
$-1.79M
Total Assets
$2.06M
Equity
$10.19M
Shares Out
4.90M
Op. Cash Flow
$-2.05M
Business
Versus Systems Inc. provides B2B software solutions that embed gamification and rewards into websites, venues, and streaming content. Core products include Filter Fan Cam (an augmented-reality platform for live events), Winfinite (interactive advertising and gaming tool), and Winfinite Games (customizable web-based casual games). The company serves professional sports teams, event venues, fan-engagement platforms, digital out-of-home media companies, and advertising agencies.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenues | 2 | 57,288 | 271,169 | 1 | |
| Cost of revenues | 16,446 | 40,277 | 103,067 | 617,049 | |
| Gross margin | 2 | 17,011 | 168,102 | 491,791 | |
| Research and development | 48,065 | 246,019 | 1 | 2 | |
| Selling, general and administrative | 4 | 4 | 6 | 12 | |
| Total operating expenses | 4 | 5 | 11 | 23 | |
| Operating loss | −2 | −5 | −11 | −23 | |
| Other income/(expense), net | 18,173 | −11,384 | −13,888 | — | |
| Loss before provision for income taxes | −2 | −5 | −11 | −22 | |
| Provision for income taxes | −1,596 | −24,226 | — | — | |
| Net loss | −2 | −5 | −11 | — | |
| Less: Net loss attributable to non-controlling interest | −352,567 | −532,505 | 985,160 | — | |
| Net loss attributable to Versus Systems, Inc. Shareholders | −2 | −4 | −10 | −22 | |
| Basic loss per share to shareholders (in Dollars per share) | −0.37 | −1.54 | −10.44 | −192.89 | |
| Diluted loss per share to shareholders (in Dollars per share) | −0.37 | −1.54 | −10.44 | −192.89 | |
| Weighted average shares basic (in Shares) | 5 | 3 | 912,717 | — | |
| Weighted average shares - diluted (in Shares) | 5 | 3 | 912,717 | — | |
| Change in foreign currency translation, net of tax | 123,336 | 70,372 | 93,317 | 154,970 | |
| Total other comprehensive income | 123,336 | 70,372 | 93,317 | −22 | |
| Total comprehensive loss | −2 | −5 | −10 | — | |
| Less: comprehensive loss attributable to non-controlling interest | −352,567 | −532,505 | 985,160 | 2 | |
| Comprehensive loss attributable to shareholders | −2 | −4 | −9 | −20 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 527,388 | 3 | 5 | — | — | |
| Accounts Receivable | 836,000 | — | — | — | — | |
| Prepaid expenses | 88,674 | 469,646 | 160,474 | 223,226 | — | |
| Total current assets | 1 | 4 | 5 | 1 | — | |
| Intangible asset | 609,000 | — | — | 6 | — | |
| Total assets | 2 | 4 | 5 | 8 | — | |
| Accounts payable and accrued liabilities | 142,759 | 26,288 | 286,427 | 522,012 | — | |
| Total current liabilities | 142,759 | 26,288 | 321,476 | 3 | — | |
| Total liabilities | 142,759 | 26,288 | 321,476 | 3 | — | |
| Preferred stock, no par value. 100,000,000 authorized shares; no shares issued or outstanding, respectively | — | — | — | — | — | |
| Common stock and additional paid in capital, no par value. 200,000,000 authorized shares; 4,901,677 and 4,901,677 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 151 | 151 | 147 | 137 | — | |
| Accumulated other comprehensive income | 441,995 | 318,659 | 248,287 | 154,970 | — | |
| Deficit | −141 | −139 | −135 | −126 | — | |
| Total Versus Systems, Inc. stockholders equity | 10 | 11 | 12 | 11 | — | |
| Non-controlling interest | −8 | −8 | −7 | −6 | — | |
| Total stockholders equity | 2 | 4 | 5 | 5 | 14 | |
| Total liabilities, noncontrolling interest and stockholders equity | 2 | 4 | 5 | 8 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Amortization of property and equipment | — | 1,688 | 23,754 | 93,543 | |
| Accretion of interest expense | — | 17,795 | — | — | |
| Share-based compensation | 430,428 | 160,865 | −1 | 2 | |
| Changes in accounts receivable | — | — | — | — | |
| Receivables | −836,000 | 18,222 | — | — | |
| Prepaid expenses and other current assets | 380,972 | −300,493 | — | — | |
| Deferred revenue | — | −35,049 | −34,226 | — | |
| Accounts payable and accrued liabilities | 116,471 | −260,140 | −239,073 | −61,112 | |
| Cash flows used in operating activities | −2 | −5 | −6 | −9 | |
| Development of intangible assets | −609,000 | — | −19,413 | −2 | |
| Cash flows used in investing activities | −609,000 | — | −14,514 | −3 | |
| Proceeds from convertible debt related party | — | 3 | — | — | |
| Proceeds from warrant exercises | — | 885,003 | 5 | — | |
| Payments of share and debt issuance costs | — | −106,768 | −679,890 | −2 | |
| Cash flows from financing activities | — | 3 | 9 | 11 | |
| Effect of foreign exchange | 123,336 | 70,620 | 61,235 | — | |
| Change in cash and cash equivalents during the period | −3 | −2 | 4 | — | |
| Interest paid | — | — | — | — | |
| Income taxes paid | — | — | — | — | |
| Debt converted into common stock and warrants | — | 2 | — | — |
Filings
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Frequently asked questions
What is Versus Systems Inc.'s CIK number?
Versus Systems Inc.'s SEC CIK number is 0001701963 (1701963). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Versus Systems Inc.'s SEC filings?
All of Versus Systems Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.