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Versus Systems Inc. (VS) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: How profitable is Versus Systems Inc. (VS)?

In FY 2025 (10-K), VS converted $2.2M of revenue into a 99.2% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

$0.85 -11.92% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Versus Systems Inc. (VS) carries a Roarable Rating of D- (Sell) with 38/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $5.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERRED ALERT • D-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-9.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for VS)Realized 20D OHLCV Swing Band: ±12.5%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How VS Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $271.2K

FY24

Rev $57.3K

FY25

Rev $2.2M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$2.2M	98%	-80%	-$1.8M	-$2.1M	-17.7%
FY 2024	$57.3K	29.7%	-80%	-$4.0M	-$5.0M	-42.9%
FY 2023	$271.2K	92%	-80%	-$9.5M	-$5.6M	-17.7%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring VS)

✓Walkthrough of VS's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
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VS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -35.11%▼ DESCENDING CHANNEL

2026-10-30O $0.89H $0.90L $0.81C $0.85VOL 11.5K

RES: $1.04SUP: $0.73SMA50: $1.09SMA200: $1.19

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

VS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 VS Butterfly Map → + Track VS →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +180.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on VS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for VS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for VS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (VS)

Technology Rank #582 of 714 ⚔️ HCTI vs VS Full Matrix →

1. Head-to-Head Technology Peer Comparison (VS vs. HCTI, CYN, AUUD, GLE)

Industry: EDP Services (163 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Versus Systems Inc. (VS) ranks #582 by composite RQD confidence (38/100, grade D-) and #672 by equity capitalization ($5.3M). Within this direct 5-issuer industry benchmark cohort, VS leads on earnings valuation at N/A trailing P/E, while VS leads on capital efficiency and profitability with -17.7% ROIC and 96.0% gross margin. AUUD currently holds the highest overall quantitative score in the immediate peer group at 47/100 (D) compared with VS at 38/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
VS ACTIVE Versus Systems Inc.	D-	38/100	—	96.0%	-17.7%	-11.92%	$5.3M	Benchmark Subject
HCTI Healthcare Triangle Inc.	E	27/100	—	96.0%	-35.0%	-2.02%	$5.6M	/hcti-vs-vs →
CYN Cyngn Inc.	E	31/100	—	38.0%	-35.0%	-6.84%	$5.6M	/cyn-vs-vs →
AUUD Auddia Inc.	D	47/100	—	—	-35.0%	+0.32%	$4.9M	/auud-vs-vs →
GLE Global Engine Group Holding Limited (Class A)	E	33/100	—	15.8%	—	-7.69%	$4.7M	/gle-vs-vs →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001701963

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Versus Systems Inc. (VS) reported GAAP revenue of $2.2M (+3711.3% vs. FY2024 revenue of $57.3K , and +705.2% cumulative change since FY2023) , GAAP net income of -$1.8M, operating cash flow of -$2.1M, and free cash flow of -$2.1M (+58.7% YoY). On the balance sheet, VS closed FY2025 with $2.1M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$2.2M	-$1.8M	-$2.1M	-$2.1M	$2.1M	—
FY2024 (FY)	2024-12-31	$57.3K	-$4.0M	-$5.0M	-$5.0M	$3.5M	—
FY2023 (FY)	2023-12-31	$271.2K	-$9.5M	-$5.6M	-$5.6M	—	—

3. VS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is VS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Versus Systems Inc. (NASDAQ: VS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 38/100 at a spot price of $0.85 (-11.92% 1D, market cap $5.3M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 11/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 5/20. Across 714 tracked Technology issuers, VS ranks #582 in composite RQD confidence.

How does VS compare to HCTI and CYN in the Technology sector?

Within the Technology sector (EDP Services), VS carries a Roarable D- (38/100 RQD), trailing P/E of N/A, gross margin of 96.0%, and ROIC of -17.7%. By comparison, HCTI (Healthcare Triangle Inc.) holds a E grade (27/100 RQD, P/E N/A, ROIC -35.0%, cap $5.6M) and CYN (Cyngn Inc.) posts a E grade (31/100 RQD, P/E N/A, ROIC -35.0%, cap $5.6M). Among the 5-stock peer group, VS leads on earnings multiple (N/A) while VS leads on capital efficiency (-17.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for VS?

Per VS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001701963), Versus Systems Inc. generated $2.2M in revenue (+3711.3% YoY), -$1.8M in net income, and -$2.1M in free cash flow against $2.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is VS trading relative to its 50-day, 200-day, and 52-week technical levels?

VS last traded at $0.85 (-11.92% on volume of 15,988 shares), positioning the stock -22.02% below its 50-day simple moving average ($1.09) and -28.57% below its 200-day simple moving average ($1.19). Across its 52-week range of $0.75 to $1.94, VS sits at the 8.4% percentile with a 14-day RSI of 25.5 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.00 to $0.96).