Versus Systems Inc.
VS · Price history
Price at last available close
$0.96
−$0.08 (-7.21%) 1M
2026-10-28
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Company & revenue
About Versus Systems Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
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, and video game publishers and developers, along with other interactive media creators, to embed real-time prizing and incentives within their content. These rewards are typically earned through the completion of challenges and various other user engagement features.
How they make money
Versus Systems Inc. generates revenue primarily through its proprietary interactive engagement and rewards platform. The company provides software tools that allow brands, content creators, and sports teams to offer real-world prizes and rewards to users for in-game activities, earning fees through licensing, service agreements, and promotional campaigns.
Products & services
The company offers the Winfinite platform, which includes interactive prizing, promotions tools, and live event engagement suites designed to increase audience interaction and brand loyalty.
Brands & revenue mix
The company's primary suite of games and engagement tools.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company has historically experienced significant customer concentration, with a limited number of partners accounting for a substantial portion of its revenue as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Cloud Infrastructure Providers — The company relies on third-party cloud hosting services to maintain its software platform; specific supplier names are unnamed.Source
Business relationships & partnerships
Strengths
- Proprietary interactive engagement and rewards technologySource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
35
Poor
Financial Strength
70
Business Quality / Moat
25
Management
40
Growth Quality
0
Risk / Durability
0
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
25
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
40/100
Building Historical Record
Model Score 40/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Material dilution — approximately 86.5% share-count growth
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for VS
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving VS's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can VS fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is VS likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for VS to reach sustainable profitability?
- •What future growth or profitability would be needed to justify VS's current valuation?
Essential Investment Snapshot
Wall Street Score
29
Opportunity Score
25
Market Cap
$4.7M
P/E Ratio
-2.2
EPS
$-0.46
52-Week High
$2.10
52-Week Low
$0.75
Beta
1.37
Analyst Target
$3.00
Shares Outstanding
4.9M
Total Revenue
$1.5M
Total Debt
$0
Dividend
No current dividend
Liquidation Value / Share
$0.72
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for VS
Detected from reported data — verify before acting.Material dilution — approximately 86.5% share-count growth
Diluted shares outstanding grew ~86.5% year-over-year. Substantial dilution reduces per-share value and can signal financing stress. Wall Street Score is capped.
Community Sentiment
0 active · 0 total callsNo personal call yet on VS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary interactive engagement and rewards technology.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −History of operating losses and potential liquidity constraints.
- −Dependence on a limited number of customers.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
29
Oct 1, 2026
Change
+0.1
points
Current Score
29
Oct 26, 2026
Category Changes
VS increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
21
Projected Change
-8.2 points
Preliminary comparable-period financial changes suggest decline of approximately 8.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.96
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +3713.9%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $2.2M | $57K | $271K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.00 | $16K | $40K | $103K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.5M | $2.2M | $17K | $168K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $36K | $48K | $246K | $1.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $5.2M | $5.9M | $4.3M | $5.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $3.7M | $4.3M | $4.6M | $11.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$2.2M | -$2.2M | -$4.5M | -$4.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$2.2M | -$2.2M | -$4.5M | -$10.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$2.2M | -$2.1M | -$4.5M | -$10.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $2K | $2K | $24K | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$1.7M | -$1.8M | -$4.0M | -$9.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.35 | $-0.37 | $-1.54 | $-10.42 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 4.96M | 4.90M | 2.63M | 913K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 4.96M | 4.90M | 2.63M | 913K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.10
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
Not available
Cash Change
-19.1%
Margin Change
-2.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 24.7%. EPS declined 28.6%. Cash declined 19.1%. Net income margin declined by 2.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
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Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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