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Versus Systems cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$475K in Q2 2026 · −$875K over twelve months

Operating cash flow−$475K
Free cash flow−$475K
Cash / net income-0.8×

Analysis

In Q2 2026, Versus Systems generated −$475K of operating cash flow. That is $392K more than in Q2 2025 (−$868K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$875K; the largest uses were operating cash flow ($875K); the cash balance fell by $321K.

Operating cash flow was −$475K against net income of $594K — -0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: payables +$302K, stock-based pay +$16K, prepaid and other assets +$15K.

Free cash flow

Versus Systems: free cash flow by quarterVersus Systems: free cash flow by quarter−$381KQ3 2024−$717KQ4 2024−$641KQ1 2025−$868KQ2 2025$25KQ3 2025−$569KQ4 2025$144KQ1 2026−$475KQ2 2026
Operating cash flow less capital spending.
Versus Systems: operating cash flow against capital spendingVersus Systems: operating cash flow against capital spendingOperating cash flowCapital spending−$381K$0Q3 2024−$717K$0Q4 2024−$641K$0Q1 2025−$868K$0Q2 2025$25K$0Q3 2025−$569K$0Q4 2025$144K$0Q1 2026−$475K$0Q2 2026
Latest (Q2 2026): Operating cash flow −$475K, Capital spending $0.

Capital allocation, year by year

Versus Systems: where the cash came from (up) and went (down), by fiscal yearVersus Systems: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2021: Operating cash flow −$12.9MFY2021FY2022: Operating cash flow −$9.2MFY2022: Net borrowing −$325KFY2022: Shares issued $13.3MFY2022: Capital spending −$40K$13.3MFY2022FY2023: Operating cash flow −$5.6MFY2023: Net borrowing −$2.6MFY2023: Shares issued $12.4MFY2023: Asset sales $5K$12.4MFY2023FY2024: Operating cash flow −$5.0MFY2024: Net borrowing $107K$107KFY2024FY2025: Operating cash flow −$2.1MFY2025
Over these 5 years operating cash flow totalled −$34.7M; the largest uses were operating cash flow ($34.7M) and net borrowing ($3.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.4M
Debtnone
Net cash$1.4M
Cash runway19 months

Versus Systems is burning cash: its operations consume cash, a free cash flow of −$875K a year at the current rate against $1.4M of cash and investments: a runway of about 19 months before any new financing.

Where the cash came from and went

Versus Systems: sources (+) and uses (−) of cash, Q2 2026Versus Systems: sources (+) and uses (−) of cash, Q2 2026Not reconciled$1.7MCash drawn (+) / kept (−)−$939KOperating cash flow−$475KOther investing−$327KExchange rates$41K
Versus Systems: sources (+) and uses (−) of cash, TTM to Q2 2026Versus Systems: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow−$875KNot reconciled$437KCash drawn (+) / kept (−)$321KExchange rates$118K

From profit to cash

Versus Systems: net income to operating cash flow, Q2 2026Versus Systems: net income to operating cash flow, Q2 2026Net income$594KStock-based pay$16KPayables$302KPrepaid and other assets$15KOperating cash flow−$475K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCash drawn (+) / kept (−)Free cash flow
Q2 2026−$475K−$939K−$475K
Q1 2026$144K$104K$144K
Q4 2025−$569K$878K−$569K
Q3 2025$25K$277K$25K
Q2 2025−$868K$750K−$868K
Q1 2025−$641K$634K−$641K
Q4 2024−$717K−$2.6M−$717K
Q3 2024−$381K$435K−$381K

Versus Systems: income statement and cash flow

Versus Systems, Q2 2026: revenue $7K. The chart follows the revenue to costs, profit and cash.

Versus Systems: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.