Versus Systems Inc. (VS)
Nasdaq: VS · Services-Computer Processing & Data Preparation · Vancouver · filing with the SEC since 2017
Income statement, as filed
In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Report filed | Apr 15, 2026 | Mar 31, 2025 | Apr 1, 2024 | Mar 29, 2023 | Apr 1, 2022 |
| Revenue | 2,183,415 | 57,288 | 271,169 | 1,108,840 | · |
| Cost of revenue | 16,446 | 40,277 | 103,067 | 617,049 | · |
| Gross profit | 2,166,969 | 17,011 | 168,102 | 491,791 | · |
| Research and development | 48,065 | 246,019 | 1,107,235 | 2,406,006 | · |
| Selling, general and administrative | 4,280,214 | 4,310,218 | 5,944,909 | 11,838,128 | · |
| Total operating expenses | 4,328,279 | 4,556,237 | 11,020,476 | 23,163,136 | · |
| Operating income | -2,161,310 | -4,539,226 | -10,852,374 | -22,671,345 | · |
| Interest expense | · | 17,795 | · | · | · |
| Other income (expense), net | · | · | -13,888 | -162,902 | · |
| Total non-operating income (expense) | 18,173 | -11,384 | -13,888 | · | · |
| Income before income taxes | -2,143,137 | -4,550,610 | -10,512,157 | -22,473,192 | · |
| Income tax expense | 1,596 | 24,226 | · | · | · |
| Net income including non-controlling interests | -2,144,733 | -4,574,836 | -10,512,157 | · | · |
| Net income to non-controlling interests | -352,567 | -532,505 | -985,160 | · | · |
| Net income | -1,792,166 | -4,042,331 | -9,526,997r | -22,473,192 | · |
| Earnings per share, basic | -0.37 | -1.54 | -10.44 | -192.89 | · |
| Earnings per share, diluted | -0.37 | -1.54 | -10.44 | -192.89 | · |
| Weighted average shares, basic | 4,901,677 | 2,628,226 | 912,717 | · | · |
| Weighted average shares, diluted | 4,901,677 | 2,628,226 | 912,717 | · | · |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseDebtOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding