Filing Flows › Versus Systems (VS) › Q4 2025
Versus Systems (VS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 15, 2026
Versus Systems (VS) reported revenue of $2.2M for the fourth quarter 2025 (Q4 2025). Operating margin was -54.2%, net loss $1.2M (54.3% of revenue).
Versus Systems, Q4 2025: revenue $2.2M, operating margin -54.2%, net loss $1.2M, operating cash flow −$569K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2M | — | — |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$569K | — | — |
What changed
Revenue was $2.2M in Q4 2025.
Gross margin was 0.2%. Operating costs exceeded revenue by $1.2M, an operating margin of -54.2%. The quarter ended with a net loss of $1.2M. Minority interests bore $208K of it: to shareholders the quarter was a loss of $1.0M.
Operating cash flow was −$569K. Non-cash charges added back $21K of share-based compensation. Working capital and other items added $583K.
Questions
What was Versus Systems' revenue in the fourth quarter 2025?
Versus Systems (VS) reported revenue of $2.2M for the fourth quarter 2025 (Q4 2025).
Was Versus Systems profitable in the fourth quarter 2025?
Operating loss was $1.2M (-54.2% of revenue) and net loss $1.2M.
Source: Versus Systems 10-K on SEC EDGAR.