Versus Systems (VS) AI Stock Analysis

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Versus Systems

(NASDAQ:VS)

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Rating:41Neutral

Price Target:$0.71▼(-4.45% Downside)

Action:upgraded

Date:11/14/26

VS scores low primarily on financial performance: revenue remains tiny and erratic, losses exceed sales, the asset base has contracted sharply, and the company likely needs ongoing equity funding. Offsetting positives include a debt-free balance sheet, near-100% gross margins and a cash burn that has shrunk roughly 90% since 2022 — a genuine improvement worth monitoring. Technicals reinforce the caution, with the stock trading below all major moving averages and a negative MACD, although RSI near oversold levels could permit a short-term bounce. Valuation provides no support given negative earnings and no dividend. This is a high-risk, speculative situation where sustained revenue growth and a move to positive cash generation would be needed to improve the profile.

Positive Factors

Debt-free balance sheetA debt-free balance sheet reduces mandatory interest costs and refinancing exposure, preserving financial flexibility while the company works to improve operations. This gives management more room to allocate available resources toward its interactive rewards platform and business recovery.

Negative Factors

Revenue contraction and uneven growthDeclining and uneven revenue weakens evidence of sustained customer adoption and makes operating leverage harder to achieve. A smaller top line leaves less contribution available to cover fixed operating costs, increasing the time required for the platform to reach durable profitability.

Versus Systems (VS) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $3.64M
Dividend Yield: ―
Average Volume (3M): 13.70K
Price to Earnings (P/E): -1.9
Beta (1Y): 0.81
Revenue Growth: -30.69%
EPS Growth: 33.98%
Country: US
Employees: 5
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Versus Systems Business Overview & Revenue Model

Company Description

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, a...

Versus Systems Financial Statement Overview

Summary

Versus Systems is a pre-profit micro-cap with weak but improving fundamentals. The Income Statement (34) reflects tiny, highly volatile revenue ($2.18M in 2025 versus $57K in 2024, $1.51M TTM) and a net loss equal to roughly 113% of TTM sales, despite near-100% gross margins. The Balance Sheet (57) is the relative strength — zero debt since 2023 and $11.3M of equity — but the asset base has shrunk to just $3.89M, reported equity exceeds total assets (a figure inconsistency), and return on equity is still negative at about -16%. Cash Flow (38) remains negative, though burn has fallen sharply to a $0.90M operating outflow from $9.15M in 2022, with free cash flow outflow of $1.21M. Overall, this is a speculative turnaround that still appears dependent on external equity funding.

Income Statement

34Negative

Balance Sheet

57Neutral

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Dec 2024	Mar 2024	Dec 2022	Mar 2022
Income Statement
Total Revenue	1.51M	2.18M	57.25K	270.63K	1.11M	768.65K
Gross Profit	1.51M	2.17M	17.00K	167.76K	492.47K	768.65K
EBITDA	-2.06M	-2.16M	-4.53M	-4.05M	-10.74M	-15.34M
Net Income	-1.71M	-1.79M	-4.04M	-9.51M	-22.50M	-17.85M
Balance Sheet
Total Assets	3.89M	2.06M	5.08M	4.88M	10.91M	18.54M
Cash, Cash Equivalents and Short-Term Investments	932.62K	527.39K	4.41M	4.69M	1.60M	1.68M
Total Debt	0	0	0	0	3.70M	3.15M
Total Liabilities	1.00M	142.76K	37.79K	321.48K	4.50M	4.54M
Stockholders Equity	11.31M	10.19M	16.43M	11.94M	15.08M	22.62M
Cash Flow
Free Cash Flow	-1.21M	-2.66M	-4.97M	-5.60M	-11.69M	-15.32M
Operating Cash Flow	-898.26K	-2.05M	-4.97M	-5.58M	-9.15M	-12.89M
Investing Cash Flow	-1.29M	-609.00K	0	-14.51K	-2.54M	-2.51M
Financing Cash Flow	1.69M	0	3.28M	9.05M	11.19M	14.80M

Versus Systems Technical Analysis

Technical Analysis SentimentNegative

Last Price0.74

Price Trends

50DMA1.00Negative

100DMA1.18Negative

200DMA1.17Negative

Market Momentum

MACD-0.07Positive

RSI31.46Neutral

STOCH24.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VS, the sentiment is Negative. The current price of 0.74 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 1.00, and below the 200-day MA of 1.17, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 31.46 is Neutral, neither overbought nor oversold. The STOCH value of 24.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VS.

Versus Systems Risk Analysis

Versus Systems disclosed 49 risk factors in its most recent earnings report. Versus Systems reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.If we do not successfully raise additional capital, improve our operating cash flow, or complete a strategic transaction, our board of directors may decide to pursue a dissolution and liquidation of our company. In such an event, the amount of cash available for distribution to our stockholders will depend heavily on the timing of such liquidation as well as the amount of cash that must be reserved for commitments and contingent liabilities, as to which we can give you no assurance.Q1, 2026

2.If we do not successfully raise additional capital, improve our operating cash flow, or complete a strategic transaction, our board of directors may decide to pursue a dissolution and liquidation of our Company. In such an event, the amount of cash available for distribution to our stockholders will depend heavily on the timing of such liquidation as well as the amount of cash that must be reserved for commitments and contingent liabilities, as to which we can give you no assurance.Q3, 2024

3.If we do not successfully raise additional capital, improve our operating cash flow, or complete a strategic transaction, our board of directors may decide to pursue a dissolution and liquidation of our Company. In such an event, the amount of cash available for distribution to our stockholders will depend heavily on the timing of such liquidation as well as the amount of cash that must be reserved for commitments and contingent liabilities, as to which we can give you no assurance.Q2, 2024

Versus Systems Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

VS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IDAI	44Neutral	$14.27M	-1.04	-141.04%	―	2.13%	95.54%
VS	41Neutral	$4.66M	-1.86	-16.32%	―	-30.69%	33.98%
OLB	40Underperform	$5.61M	-0.19	-76.36%	―	-32.53%	89.66%

* Technology Sector Average

Performance Comparison

VS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
VS	Versus Systems	0.74	-0.71	-48.83%
OLB	Olb Group, Inc.	0.17	-0.78	-81.79%
IFBD	Infobird Co Limited	1.38	0.29	26.61%
IDAI	T Stamp, Inc. Class A	2.55	-1.54	-37.65%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 14, 2026

Versus Systems AI Stock Analysis