Versus Systems Inc. (VS) is a Technology stock trading at $1.36 (as of 2026-08-19), with a market capitalization of $6.67M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Understand Versus Systems Inc.: how it makes money
Versus Systems Inc. is a technology business services company, and it makes money by providing business services to customers.
Gross margin is 100%, but operating margin is -4732%, so operating expenses dominate the profit model.
Business quality (Unprofitable): Unprofitable
Bull case
Gross economics look favorable: The company reports gross margin 100%. That suggests the main issue is not gross cost structure, and profitability improvement could be possible if operating costs come under control.
Bear case
Operating losses are extreme: Operating margin is -4732%. This indicates very large operating losses, which makes the current earnings profile fragile even if gross margin stays high.
Valuation — source: SEC EDGAR (first-party)
Price
$1.36
Market Cap
$6.67M
Price / Book
5.56
Price / Sales
25.31
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)
$2.18M
Net Margin
-82.1%
Revenue Growth (YoY)
3711.3%
EPS Growth (YoY)
-76.0%
Financial Health — source: SEC EDGAR
Altman Z-Score
-69.58 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)
33.9
Industry P/E (Business Services)
30.0
Company
Sector
Technology
Industry
Business Services
Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)