Versus Systems Inc
Versus Systems Inc. provides a business-to-business software platform to drive user engagement through gamification and rewards. The company offers the eXtreme Engagement Online platform, which is designed primarily for main-board work in stadiums and arenas; the Filter Fan Cam platform, an augmented reality filtering tool that can be used for mobile and venue applications; and Winfinite, an inte… Read more
Versus Systems Inc (VS) - Net Assets
Latest net assets as of September 2025: $4.27 Million USD
Based on the latest financial reports, Versus Systems Inc (VS) has net assets worth $4.27 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.28 Million) and total liabilities ($3.46K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.27 Million |
| % of Total Assets | 99.92% |
| Annual Growth Rate | 16.93% |
| 5-Year Change | N/A |
| 10-Year Change | 1506.18% |
| Growth Volatility | 437.98 |
Versus Systems Inc - Net Assets Trend (2000–2024)
This chart illustrates how Versus Systems Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Versus Systems Inc (2000–2024)
The table below shows the annual net assets of Versus Systems Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.05 Million | +10.72% |
| 2023-12-31 | $4.56 Million | -28.91% |
| 2022-12-31 | $6.41 Million | -54.23% |
| 2021-12-31 | $14.00 Million | +1330.08% |
| 2020-12-31 | $-1.14 Million | +48.50% |
| 2019-12-31 | $-2.21 Million | -260.34% |
| 2018-12-31 | $-613.47K | -120.46% |
| 2017-12-31 | $3.00 Million | -36.38% |
| 2016-12-31 | $4.71 Million | +1400.30% |
| 2015-12-31 | $314.12K | +323.59% |
| 2014-12-31 | $-140.49K | +73.21% |
| 2013-12-31 | $-524.38K | -17.39% |
| 2012-12-31 | $-446.70K | -133.34% |
| 2011-12-31 | $-191.44K | -26.50% |
| 2010-12-31 | $-151.34K | -131.87% |
| 2009-12-31 | $474.83K | -93.70% |
| 2008-12-31 | $7.53 Million | -74.03% |
| 2007-12-31 | $29.00 Million | +534.03% |
| 2006-12-31 | $4.57 Million | -7.42% |
| 2005-12-31 | $4.94 Million | +99.43% |
| 2004-12-31 | $2.48 Million | +75.60% |
| 2003-12-31 | $1.41 Million | +135.75% |
| 2002-12-31 | $598.46K | +1098.65% |
| 2001-12-31 | $49.93K | -57.74% |
| 2000-12-31 | $118.14K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Versus Systems Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18254931200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $216.50 Million | 1317.55% |
| Other Comprehensive Income | $458.13K | 2.79% |
| Total Equity | $16.43 Million | 100.00% |
Versus Systems Inc Competitors by Market Cap
The table below lists competitors of Versus Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASSURANT
BE:ZAS
|
$1.97 Million |
|
My Size Inc
NASDAQ:MYSZ
|
$1.97 Million |
|
Nevada Exploration Inc
OTCQB:NVDEF
|
$1.97 Million |
|
Calidi Biotherapeutics Inc.
NYSE MKT:CLDI
|
$1.97 Million |
|
RESMED
MU:RME
|
$1.97 Million |
|
Verena Multi Finance Tbk
JK:VRNA
|
$1.97 Million |
|
Trillium Gold Mines Inc
OTCQX:TGLDF
|
$1.97 Million |
|
Birks Group Inc
NYSE MKT:BGI
|
$1.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Versus Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,944,388 to 16,431,824, a change of 4,487,436 (37.6%).
- Net loss of 5,813,235 reduced equity.
- Other comprehensive income increased equity by 209,845.
- Other factors increased equity by 10,090,826.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.81 Million | -35.38% |
| Other Comprehensive Income | $209.84K | +1.28% |
| Other Changes | $10.09 Million | +61.41% |
| Total Change | $- | 37.57% |
Book Value vs Market Value Analysis
This analysis compares Versus Systems Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.01x to 0.18x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $106.73 | $1.12 | x |
| 2001-12-31 | $45.10 | $1.12 | x |
| 2002-12-31 | $417.63 | $1.12 | x |
| 2003-12-31 | $653.19 | $1.12 | x |
| 2004-12-31 | $628.19 | $1.12 | x |
| 2005-12-31 | $1027.45 | $1.12 | x |
| 2006-12-31 | $7979.39 | $1.12 | x |
| 2007-12-31 | $23502.55 | $1.12 | x |
| 2008-12-31 | $4651.68 | $1.12 | x |
| 2009-12-31 | $292.20 | $1.12 | x |
| 2010-12-31 | $-88.77 | $1.12 | x |
| 2011-12-31 | $-111.17 | $1.12 | x |
| 2012-12-31 | $-197.39 | $1.12 | x |
| 2013-12-31 | $-231.72 | $1.12 | x |
| 2014-12-31 | $-42.66 | $1.12 | x |
| 2015-12-31 | $36.39 | $1.12 | x |
| 2016-12-31 | $260.00 | $1.12 | x |
| 2017-12-31 | $206.01 | $1.12 | x |
| 2018-12-31 | $165.10 | $1.12 | x |
| 2019-12-31 | $51.82 | $1.12 | x |
| 2020-12-31 | $100.09 | $1.12 | x |
| 2021-12-31 | $379.91 | $1.12 | x |
| 2022-12-31 | $145.30 | $1.12 | x |
| 2023-12-31 | $13.09 | $1.12 | x |
| 2024-12-31 | $6.25 | $1.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Versus Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -35.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7056.16%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 0.31x
- Recent ROE (-35.38%) is above the historical average (-176.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -5.56% | -37.46% | 0.13x | 1.12x | $-18.39K |
| 2001 | -277.00% | -456.83% | 0.27x | 2.22x | $-143.29K |
| 2002 | -52.11% | -5300.66% | 0.01x | 1.10x | $-371.68K |
| 2003 | -39.40% | 0.00% | 0.00x | 1.02x | $-696.96K |
| 2004 | -15.89% | 0.00% | 0.00x | 1.08x | $-641.44K |
| 2005 | -7.98% | 0.00% | 0.00x | 1.02x | $-888.59K |
| 2006 | -192.63% | -3856.99% | 0.04x | 1.19x | $-9.27 Million |
| 2007 | -20.36% | -1528.01% | 0.01x | 1.11x | $-8.80 Million |
| 2008 | -277.50% | -3034.17% | 0.09x | 1.06x | $-21.65 Million |
| 2009 | -1780.26% | -168523.27% | 0.01x | 1.82x | $-8.50 Million |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-644.00K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-393.19K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-205.56K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-54.58K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-283.75K |
| 2015 | -205.42% | 0.00% | 0.00x | 2.20x | $-676.65K |
| 2016 | -76.56% | 0.00% | 0.00x | 1.41x | $-3.04 Million |
| 2017 | -85.88% | 0.00% | 0.00x | 1.02x | $-3.75 Million |
| 2018 | -91.57% | -285990.08% | 0.00x | 0.73x | $-3.77 Million |
| 2019 | -620.52% | -1447.93% | 0.21x | 2.05x | $-9.57 Million |
| 2020 | -216.84% | -497.19% | 0.32x | 1.35x | $-9.20 Million |
| 2021 | -100.54% | -2321.98% | 0.05x | 0.82x | $-25.01 Million |
| 2022 | -200.26% | -2026.73% | 0.14x | 0.72x | $-31.70 Million |
| 2023 | -105.72% | -3513.31% | 0.07x | 0.41x | $-13.82 Million |
| 2024 | -35.38% | -7056.16% | 0.02x | 0.31x | $-7.46 Million |
Industry Comparison
This section compares Versus Systems Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Versus Systems Inc (VS) | $4.27 Million | -5.56% | 0.00x | $1.97 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |