Versus Systems Inc. (VS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 722.95K | 1.45M | 3.86M | 3.84M | 3.93M | 5.08M | 1.24M | 1.83M | 3.35M | 4.87M | 3.5M | 3.51M | 5.72M | 1.98M | 2.01M | 2.5M | 5.97M | 2.35M | 6.21M | 5.51M |
| Cash & Short-Term Investments | 422.9K | 527.39K | 1.96M | 1.68M | 3.5M | 4.41M | 471.25K | 905.91K | 2.89M | 4.69M | 2.95M | 3.19M | 5.28M | 1.6M | 1.42M | 1.89M | 5.36M | 1.68M | 5.59M | 5.03M |
| Cash Only | 422.9K | 527.39K | 1.96M | 1.68M | 3.5M | 4.41M | 471.25K | 905.91K | 2.89M | 4.69M | 2.95M | 3.19M | 5.28M | 1.6M | 1.42M | 1.89M | 5.36M | 1.68M | 5.59M | 5.03M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 193.3K | 836K | 1.62M | 1.98M | 0 | 0 | 754 | 10.25K | 12.65K | 18.22K | 4.57K | 21.39K | 34.57K | 63.08K | 103.95K | 37.96K | 71.03K | 114.83K | 67.42K | 51.13K |
| Days Sales Outstanding | 2.68K | 20.27K | - | 91.33 | - | - | 130.97 | 38.66 | 53.05 | 30.7 | 52.03 | 60.17 | 27.83 | 31.73 | 20.43 | 19.8 | 25.83 | 21.5 | 17.91 | 76.76 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 244.71K | 0 | 402.35K | 19.17K | 78.3K | 0 | 0 | 174.81K | 47.35K | 0 |
| Total Non-Current Assets | 936K | 609K | 417.44K | 0 | 0 | 0 | 0 | 878 | 9.66K | 10.61K | 6.95M | 5.96M | 6.6M | 8.93M | 22.5M | 16.35M | 16.29M | 16.19M | 20.42M | 12.82M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 878 | 1.17K | 1.94K | 20.32K | 18.5K | 114.81K | 127.23K | 312.44K | 268.64K | 290.93K | 326.94K | 449.19K | 307.85K |
| Fixed Asset Turnover | - | - | - | - | - | - | - | 26.34x | 17.06x | 3.07x | 1.18x | 0.63x | 1.30x | 1.10x | 1.10x | 0.90x | 1.05x | 1.00x | 0.80x | 0.22x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.09M | 6.58M | 6.58M | 6.58M | 8.3M | 5.26M |
| Intangible Assets | 936K | 609K | 417.44K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.92M | 5.7M | 6.38M | 8.66M | 12.94M | 9.39M | 9.31M | 9.17M | 11.53M | 7.16M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.49K | 8.68K | 0 | 8.67K | 8.49K | 0 | 0 | 8.92K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.57K | 235.16K | 108.49K | 146.89K | 149.7K | 108.92K | 109.22K | 109.07K | 138.11K | 88.12K |
| Total Assets | 1.66M | 2.06M | 4.28M | 3.84M | 3.93M | 5.08M | 1.24M | 1.83M | 3.36M | 4.88M | 10.45M | 9.47M | 12.32M | 10.91M | 24.5M | 18.84M | 22.26M | 18.54M | 26.63M | 18.34M |
| Asset Turnover | 0.01x | 0.00x | - | 0.51x | 0.04x | 0.00x | 0.00x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x | 0.00x |
| Asset Growth % | -57.75% | -59.45% | 243.98% | 109.88% | 17.01% | 4.2% | -88.11% | -80.67% | -72.77% | -55.29% | -57.35% | -49.75% | -44.66% | -41.16% | -7.99% | 2.77% | 101.57% | 165.4% | 975.18% | 536.01% |
| Total Current Liabilities | 459.34K | 142.76K | 3.45K | 34.19K | 2.97K | 37.79K | 1.16K | 32.94K | 179.03K | 321.48K | 2.84M | 2.29M | 2.94M | 4.5M | 4.96M | 2.93M | 3.29M | 3.37M | 3.69M | 2.89M |
| Accounts Payable | 459.34K | 0 | 3.45K | 34.19K | 2.97K | 37.79K | 0 | 12.65K | 124.69K | 82.58K | 60.22K | 70.66K | 110.98K | 187.22K | 381.98K | 248.33K | 496.14K | 386.03K | 627.28K | 820.04K |
| Days Payables Outstanding | - | - | - | 206.37 | 224.14 | 5.79K | - | 384.76 | 392.5 | 11.63 | 255.49 | 15.09 | 414.91 | -117.67 | 109.83 | 92.87 | 167.49 | 205.74 | 292.22 | 521.58 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.43M | 1.98M | 2.57M | 3.53M | 3.54M | 2.09M | 2.15M | 2.11M | 2.16M | 1.5M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 1.16K | 9.33K | 15.5K | 35.05K | 0 | 10.55K | 45.41K | 0 | 0 | 83.65K | 133.97K | 193.5K | 0 | 69.21K |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.83K | 0 | 309.61K | 221.61K | 0 | 506.24K | 442.98K | 0 | 0 | 0 | 449.41K | 0 |
| Current Ratio | 1.57x | 10.17x | 1116.98x | 112.39x | 1323.70x | 134.50x | 1067.82x | 55.56x | 18.69x | 15.14x | 1.23x | 1.53x | 1.95x | 0.44x | 0.40x | 0.85x | 1.82x | 0.70x | 1.68x | 1.91x |
| Quick Ratio | 1.57x | 10.17x | 1116.98x | 112.39x | 1323.70x | 134.50x | 1067.82x | 55.56x | 18.69x | 15.14x | 1.23x | 1.53x | 1.95x | 0.44x | 0.40x | 0.85x | 1.82x | 0.70x | 1.68x | 1.91x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 25.78K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.11K | 635.27K | 843.54K | 1.17M | 3.21M | 1.09M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.11K | 635.26K | 645.57K | 678.51K | 1.31M | 871.53K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64.92K | 128.56K | 267.88K | 219.51K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 25.78K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 133.06K | 361.06K | 1.63M | 0 |
| Total Liabilities | 459.34K | 142.76K | 3.46K | 34.19K | 2.97K | 37.79K | 26.95K | 32.94K | 179.03K | 321.48K | 2.84M | 2.29M | 2.94M | 4.5M | 4.97M | 3.56M | 4.13M | 4.54M | 6.9M | 3.98M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.43M | 1.98M | 2.63M | 3.7M | 3.82M | 2.97M | 3.1M | 3.15M | 4.03M | 2.77M |
| Net Debt | -422.9K | -527.39K | -1.96M | -1.68M | -3.5M | -4.41M | -471.25K | -905.91K | -2.89M | -4.69M | -512.41K | -1.21M | -2.65M | 2.1M | 2.4M | 1.08M | -2.26M | 1.48M | -1.56M | -2.25M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | 0.32x | 0.28x | 0.28x | 0.58x | 0.20x | 0.19x | 0.17x | 0.23x | 0.20x | 0.19x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | -1.80x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | -125.18x | -112.89x | -72.88x | -490.15x | -100.44x | -146.32x | -116.71x | -564.07x | -156.61x | -50.97x |
| Total Equity | 1.2M | 1.92M | 4.27M | 3.81M | 3.92M | 5.05M | 1.22M | 1.8M | 3.18M | 4.56M | 7.61M | 7.18M | 9.38M | 6.41M | 19.53M | 15.28M | 18.13M | 14M | 19.73M | 14.35M |
| Equity Growth % | -69.42% | -61.98% | 251.32% | 111.82% | 23.51% | 10.72% | -84.03% | -74.97% | -66.15% | -28.91% | -61.02% | -53% | -48.25% | -54.23% | -1.01% | 6.46% | 141.06% | 1066.73% | 563.16% | 446.12% |
| Book Value per Share | 0.24 | 0.39 | 0.87 | 0.77 | 0.80 | 1.55 | 0.49 | 0.72 | 1.27 | 2.94 | 11.37 | 10.73 | 18.21 | 61.77 | 195.50 | 177.09 | 228.06 | 220.31 | 312.89 | 249.04 |
| Total Shareholders' Equity | 9.61M | 10.19M | 15.49M | 11.65M | 15.6M | 16.43M | 8.9M | 9.51M | 10.74M | 11.94M | 17.12M | 13.97M | 15.9M | 15.08M | 27.72M | 20.79M | 23.15M | 22.62M | 29.63M | 19.71M |
| Common Stock | 151.04M | 151.02M | 210.1M | 150.97M | 217.2M | 216.5M | 147.29M | 147.29M | 147.29M | 147.13M | 174.97M | 128.85M | 128.85M | 185.3M | 165.26M | 117.84M | 117.42M | 110.25M | 139.62M | 91.17M |
| Retained Earnings | -141.95M | -141.27M | -195.23M | -139.77M | -202.07M | -200.52M | -138.67M | -138.11M | -136.76M | -135.43M | -176.27M | -128.42M | -126.38M | -170.47M | -157.4M | -110.88M | -108.14M | -101M | -125.81M | -81.59M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 520.52K | 442K | 615.91K | 443.97K | 469.66K | 458.13K | 276.95K | 329.77K | 208.6K | 248.29K | 18.38M | 13.53M | 13.42M | 209.82K | 19.83M | 11.55M | 11.17M | 10.66M | 15.78M | 7.77M |
| Minority Interest | -8.41M | -8.27M | -11.22M | -7.84M | -11.68M | -11.39M | -7.69M | -7.72M | -7.56M | -7.39M | -9.51M | -6.78M | -6.52M | -8.67M | -8.19M | -5.5M | -5.02M | -8.62M | -9.89M | -5.36M |