Filing Flows › Versus Systems (VS) › Q1 2026
Versus Systems (VS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Versus Systems (VS) reported revenue of $17K for the first quarter 2026 (Q1 2026), -91% from a year earlier and -99% from the quarter before.
Versus Systems, Q1 2026: revenue $17K (-91% year over year), net loss $819K, operating cash flow $144K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17K | -99% | -91% |
| Operating profit | −$819K | — | — |
| Net earnings | −$819K | — | — |
| Operating cash flow | $144K | — | — |
What changed
Revenue was $17K in Q1 2026, down 91% year over year and down 99% from the previous quarter.
Gross margin was 100.0%, up 4.1 points from Q1 2025. Operating costs exceeded revenue by $819K, an operating margin of -4732.3%. Operating expenses fell 39% while revenue fell 91%. The quarter ended with a net loss of $819K, narrower than the previous quarter's $1.2M loss. Minority interests bore $135K of it: to shareholders the quarter was a loss of $683K.
Operating cash flow was $144K. Non-cash charges added back $21K of share-based compensation. Working capital and other items added $941K.
Questions
What was Versus Systems' revenue in the first quarter 2026?
Versus Systems (VS) reported revenue of $17K for the first quarter 2026 (Q1 2026), -91% from a year earlier and -99% from the quarter before.
Source: Versus Systems 10-Q on SEC EDGAR.