Versus Systems Inc. (VS) Balance Sheet
VS balance sheet, 2025
December 31, 2025 · U.S. dollars$2.1M assets = $142,759 liabilities + $1.9M equity
Both columns are drawn to the same scale: what VS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VS financial health
Descriptive bands, not a rating. Fiscal 2025.
VS balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.1M2024 | $2.1M2025 | −59.5%/yr | |
| Total liabilities | $37,7942024 | $142,7592025 | +277.7%/yr | |
| Shareholders’ equity | $16.4M2024 | $10.2M2025 | −38.0%/yr | |
| Cash & short-term investments | $4.4M2024 | $527,3882025 | −88.0%/yr | |
| Working capital | $5.0M2024 | $1.3M2025 | −$3.7M | |
| Book value per share | $6.252024 | $2.082025 | −66.7%/yr | |
| Shares outstanding | 2.6M2024 | 4.9M2025 | +86.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VS assets
VS liabilities and equity
VS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VS balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $527,388 | $4.4M |
| Cash & equivalents | $527,388 | $4.4M |
| Receivables | $836,000 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $88,674 | $675,206 |
| Total current assets | $1.5M | $5.1M |
| Property, plant & equipment (net) | $0 | $0 |
| Goodwill & intangible assets | $609,000 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $0 | $0 |
| Total assets | $2.1M | $5.1M |
| Liabilities | ||
| Accounts payable | $0 | $37,793 |
| Total current liabilities | $142,759 | $37,793 |
| Long-term debt | $0 | $0 |
| Other long-term liabilities | $0 | $0 |
| Total liabilities | $142,759 | $37,794 |
| Shareholders' equity | ||
| Common stock & paid-in capital | $151.0M | $216.5M |
| Retained earnings (deficit) | −$141.3M | −$200.5M |
| Accumulated other comprehensive income | $441,995 | $458,132 |
| Minority interest | −$8.3M | −$7.9M |
| Total shareholders' equity | $10.2M | $16.4M |
| Key figures | ||
| Working capital | $1.3M | $5.0M |
| Tangible book value | $9.6M | $16.4M |
| Book value per share | $2.08 | $6.25 |
| Shares outstanding | 4.9M | 2.6M |
| Current ratio | 10.17 | 134.50 |
| Quick ratio | 9.55 | 116.63 |
| Equity / assets | 494.5% | 323.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $1.4M | $422,903 | $527,388 | $2.0M | $1.7M | $3.5M | $4.4M | $4.7M |
| Cash & equivalents | $1.4M | $422,903 | $527,388 | $2.0M | $1.7M | $3.5M | $4.4M | $4.7M |
| Receivables | $1.6M | $193,300 | $836,000 | $1.6M | $2.0M | $0 | $0 | $18,222 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $91,290 | $106,750 | $88,674 | $279,747 | $179,977 | $426,461 | $675,206 | $160,474 |
| Total current assets | $3.0M | $722,953 | $1.5M | $3.9M | $3.8M | $3.9M | $5.1M | $4.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,935 |
| Goodwill & intangible assets | $1.3M | $936,000 | $609,000 | $417,435 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,679 |
| Total assets | $4.3M | $1.7M | $2.1M | $4.3M | $3.8M | $3.9M | $5.1M | $4.9M |
| Liabilities | ||||||||
| Accounts payable | $761,499 | $459,340 | $0 | $3,454 | $34,187 | $2,966 | $37,793 | $82,579 |
| Total current liabilities | $761,499 | $459,340 | $142,759 | $3,454 | $34,187 | $2,966 | $37,793 | $321,476 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $761,499 | $459,340 | $142,759 | $3,455 | $34,187 | $2,966 | $37,794 | $321,476 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $152.8M | $151.0M | — | $210.1M | $151.0M | $217.2M | $216.5M | — |
| Retained earnings (deficit) | −$141.5M | −$142.0M | −$141.3M | −$195.2M | −$139.8M | −$202.1M | −$200.5M | −$135.4M |
| Accumulated other comprehensive income | $561,524 | $520,524 | — | $615,911 | $443,973 | $469,656 | $458,132 | — |
| Minority interest | −$8.3M | −$8.4M | −$8.3M | −$8.1M | −$7.8M | — | — | — |
| Total shareholders' equity | $11.8M | $9.6M | $10.2M | $15.5M | $11.7M | $15.6M | $16.4M | $11.9M |
| Key figures | ||||||||
| Working capital | $2.3M | $263,613 | $1.3M | $3.9M | $3.8M | $3.9M | $5.0M | $4.5M |
| Tangible book value | $10.6M | $8.7M | $9.6M | $15.1M | $11.7M | $15.6M | $16.4M | $11.9M |
| Book value per share | $2.39 | $1.96 | $2.08 | $3.16 | $2.36 | $3.18 | $5.03 | $4.77 |
| Shares outstanding | 5.0M | 4.9M | 4.9M | 4.9M | 4.9M | 4.9M | 3.3M | 2.5M |
| Current ratio | 4.00 | 1.57 | 10.17 | 1,116.98 | 112.39 | 1,323.70 | 134.50 | 15.14 |
| Quick ratio | 3.88 | 1.34 | 9.55 | 1,035.98 | 107.12 | 1,179.91 | 116.63 | 14.64 |
| Equity / assets | 274.5% | 579.1% | 494.5% | 362.4% | 303.3% | 397.3% | 323.3% | 244.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2026); data from EODHD.
VS financial position
At the end of fiscal 2025 (December 31, 2025), Versus Systems had total assets of $2.1 million (down 59.5% from a year earlier), total liabilities of $0.1 million and shareholders' equity of $10.2 million. Its current ratio was 10.17. In the latest quarter (ended June 30, 2026) total assets were $4.3 million and equity $11.8 million.
Related: VS income statement, VS cash flow statement, VS key metrics. See the VS stock overview for the latest quote and news.
VS balance sheet FAQ
What are Versus Systems's total assets?
Versus Systems reported total assets of $2.1 million at the end of fiscal 2025 (December 31, 2025), compared with $5.1 million a year earlier.
How much cash does Versus Systems have?
Versus Systems held $0.5 million in cash and short-term investments at the end of fiscal 2025.
What is Versus Systems's book value?
Versus Systems's shareholders' equity (book value) was $10.2 million at the end of fiscal 2025, or $2.08 per share.
What is Versus Systems's current ratio?
Versus Systems had current assets of $1.5 million and current liabilities of $0.1 million, a current ratio of 10.17 (it can cover its short-term obligations).
How much goodwill does Versus Systems have?
Versus Systems carried $0.6 million of goodwill and intangible assets, 29.5% of total assets, at the end of fiscal 2025.