VERSUS SYSTEMS INC.

VS — scored out of ten from its own filings

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 55 days ago. Nothing on this page is advice.

The five scores

Dimension	What it asks	Score
Quality	How much of the revenue is really kept — and what did it take to earn it?	2.2
Valuation	What does the price ask for what the company earns, owns and pays out?	0.5
Durability	How predictable is the revenue, and how much of it is already committed?	2.22
Resilience	Can the balance sheet absorb a bad year?	6.9
Growth	Is the business getting bigger, and is it getting more profitable?	6.94

A dimension reading not measured means the filing does not carry the figures it needs. It is left out of the total rather than scored as though it were bad.

What each measure said

A dimension's score is the weighted average of these. Each links to the page explaining how it is worked out and which XBRL tags it reads.

Quality — 2.2

Measure	What it is	Score
SBC / sales	Stock compensation over revenue, inverted	9.0
Oper. margin	GAAP operating margin	0.5
ROIC	Return on invested capital	0.5
OE margin	(Free cash flow − stock comp) over revenue	0.5
Adj. EBITDA margin	Cash operating margin, before stock compensation	0.5

Durability — 2.22

Measure	What it is	Score
RPO / sales	Contracted revenue: remaining performance obligations over annual revenue, or deferred revenue where no backlog is disclosed	5.08
Revenue growth in the worst year on record	Revenue growth in the worst year on record	1.0
Gross margin stability across years, in percentage points	Gross margin stability across years, in percentage points	1.0
Cash-flow margin stability, operating cash flow over revenue	Cash-flow margin stability, operating cash flow over revenue	1.0

Resilience — 6.9

Measure	What it is	Score
Current ratio	Current ratio, excluding deferred revenue from the liabilities	10.0
ND/EBITDA	Net cash, or net debt over EBITDA	9.0
Cash runway — takes the slot above for a company with no debt and no profit	Cash runway — takes the slot above for a company with no debt and no profit	1.71

Growth — 6.94

Measure	What it is	Score
Sales/sh Y/Y	Revenue growth per diluted share, trailing twelve months against the prior twelve	10.0
Operating margin trend, in percentage points per year	Operating margin trend, in percentage points per year	10.0
Sales CAGR 4Y	The same growth compounded over four fiscal years	5.0
Most recent margin move, in percentage points	Most recent margin move, in percentage points	1.0

A measure missing from a list here could not be computed from this company's filings. It is left out rather than scored as though it were bad.

Revenue by fiscal year

As the company reported it, one row per year, straight from the filings.

Fiscal year	Ends	Revenue
2019	2019-12-31	501,152
2020	2020-12-31	1,390,018
2021	2021-12-31	768,650
2022	2022-12-31	1,108,840
2023	2023-12-31	271,169
2024	2024-12-31	57,288
2025	2025-12-31	2,183,415

The ratios

The figures themselves rather than their scores — what somebody looking up VS on one particular measure came for.

Ratio	Value
cash operating margin	-94.85
current ratio	4.0
current ratio reported	4.0
dilution pct	86.58
fcf margin	-40.06
growth cv	2.11
operating margin	-98.52
owner earnings margin	-43.73
revenue growth	7931.28
revenue growth per share	4204.45
roic	-16.23
rule of 40	7832.77
sbc pct revenue	3.66

The figures, and where each came from

This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.

Figure	Value	XBRL tag	As at
capex	0	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	2023-09-30
cash	1,361,714	`CashAndCashEquivalentsAtCarryingValue`	2026-06-30
current assets	3,049,004	`AssetsCurrent`	2026-06-30
current liabilities	761,499	`LiabilitiesCurrent`	2026-06-30
equity	11,837,643	`StockholdersEquity`	2026-06-30
ocf	-875,093	`NetCashProvidedByUsedInOperatingActivities`	2026-06-30
revenue	2,184,188	`Revenues`	2026-06-30
sbc	80,047	`ShareBasedCompensation`	2026-06-30

What to be careful about

no current capital expenditure tagged (last tagged 2023-09-30); treated as zero, so free cash flow is overstated and equals operating cash flow
no market cap; set `market_cap` in overrides.yaml
no debt and no profit, so interest cover cannot be measured; scored on cash runway instead: 1M of net cash against a 1M annual burn is 1.6 years
no forward EPS estimate; growth rests on filings only. Analyst consensus is not published in XBRL, so it has to be fetched from a data provider or set by hand in overrides.yaml as `eps_growth_2y`
valuation DROPPED from the total: only 0 of 2 inputs could be computed (ev sales, ev owner earnings not tagged), so the score is not meaningful. Its weight is spread over the other dimensions

See it scored yourself

The dashboard puts VS beside other companies and lets you change what counts: the weight of each dimension, the value that earns a ten, and which of the 61 measures are included at all.