Versus Systems Inc (VS) - Net Assets
Based on the latest financial reports, Versus Systems Inc (VS) has net assets worth $1.20 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.66 Million) and total liabilities ($459.34K). 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. Check tangible equity quality of Versus Systems Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.20 Million |
| % of Total Assets | 72.31% |
| Annual Growth Rate | 11.79% |
| 5-Year Change | -86.3% |
| 10-Year Change | -59.29% |
| Growth Volatility | 428.45 |
Versus Systems Inc - Net Assets Trend (2000–2025)
This chart illustrates how Versus Systems Inc's net assets have evolved over time, based on quarterly financial data. See Versus Systems Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Versus Systems Inc (2000–2025)
The table below shows the annual net assets of Versus Systems Inc from 2000 to 2025. For live valuation and market cap data, see Versus Systems Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.92 Million | -61.98% |
| 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 12329407400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $151.02 Million | 1481.88% |
| Other Comprehensive Income | $442.00K | 4.34% |
| Total Equity | $10.19 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 |
|---|---|
|
NGS Group AB (publ)
ST:NGS
|
$6.28 Million |
|
Pantera Lithium Ltd
AU:PFE
|
$6.28 Million |
|
OFAL
NASDAQ:OFAL
|
$6.28 Million |
|
Digitalist Group Oyj
HE:DIGIGR
|
$6.28 Million |
|
AUXICO RESOURCES CANADA
F:A0H
|
$6.27 Million |
|
Cre8 Enterprise Limited Class A Ordinary Shares
NASDAQ:CRE
|
$6.26 Million |
|
Winshear Gold Corp
V:WINS
|
$6.26 Million |
|
Mesa Royalty Trust
NYSE:MTR
|
$6.26 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 2024 to 2025, total equity changed from 16,431,824 to 10,190,922, a change of -6,240,902 (-38.0%).
- Net loss of 1,792,166 reduced equity.
- Other comprehensive income decreased equity by 16,137.
- Other factors decreased equity by 4,432,599.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.79 Million | -17.59% |
| Other Comprehensive Income | $-16.14K | -0.16% |
| Other Changes | $-4.43 Million | -43.5% |
| Total Change | $- | -37.98% |
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: 0.62x
- 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 0.62x 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 | $1.28 | x |
| 2001-12-31 | $45.10 | $1.28 | x |
| 2002-12-31 | $417.63 | $1.28 | x |
| 2003-12-31 | $653.19 | $1.28 | x |
| 2004-12-31 | $628.19 | $1.28 | x |
| 2005-12-31 | $1027.45 | $1.28 | x |
| 2006-12-31 | $7979.39 | $1.28 | x |
| 2007-12-31 | $23502.55 | $1.28 | x |
| 2008-12-31 | $4651.68 | $1.28 | x |
| 2009-12-31 | $292.20 | $1.28 | x |
| 2010-12-31 | $-88.77 | $1.28 | x |
| 2011-12-31 | $-113.27 | $1.28 | x |
| 2012-12-31 | $-199.19 | $1.28 | x |
| 2013-12-31 | $-246.73 | $1.28 | x |
| 2014-12-31 | $-49.53 | $1.28 | x |
| 2015-12-31 | $50.50 | $1.28 | x |
| 2016-12-31 | $349.47 | $1.28 | x |
| 2017-12-31 | $259.06 | $1.28 | x |
| 2018-12-31 | $165.10 | $1.28 | x |
| 2019-12-31 | $51.82 | $1.28 | x |
| 2020-12-31 | $100.09 | $1.28 | x |
| 2021-12-31 | $379.91 | $1.28 | x |
| 2022-12-31 | $145.30 | $1.28 | x |
| 2023-12-31 | $13.09 | $1.28 | x |
| 2024-12-31 | $6.25 | $1.28 | x |
| 2025-12-31 | $2.08 | $1.28 | 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): -17.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -82.08%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 0.20x
- Recent ROE (-17.59%) is above the historical average (-163.86%), 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% | -174940.54% | 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 | $-392.83K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-205.15K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-51.19K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-281.49K |
| 2015 | -148.03% | 0.00% | 0.00x | 1.58x | $-688.83K |
| 2016 | -56.96% | 0.00% | 0.00x | 1.05x | $-3.16 Million |
| 2017 | -68.29% | 0.00% | 0.00x | 0.81x | $-3.85 Million |
| 2018 | -131.22% | -285968.25% | 0.00x | 0.73x | $-5.24 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 | -78.85% | -2321.98% | 0.04x | 0.82x | $-20.10 Million |
| 2022 | -149.25% | -2026.73% | 0.10x | 0.72x | $-24.01 Million |
| 2023 | -79.60% | -3513.32% | 0.06x | 0.41x | $-10.70 Million |
| 2024 | -24.58% | -7056.22% | 0.01x | 0.31x | $-5.68 Million |
| 2025 | -17.59% | -82.08% | 1.06x | 0.20x | $-2.81 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: $961,395,124
- Average return on equity (ROE) among peers: -36.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Versus Systems Inc (VS) | $1.20 Million | -5.56% | 0.38x | $6.27 Million |
| Adobe Systems Incorporated (ADBE) | $616.97 Million | 33.33% | 0.51x | $79.34 Billion |
| ADEIA CORP (ADEA) | $418.32 Million | 10.79% | 0.06x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $3.41 Billion | 17.77% | 0.52x | $87.45 Billion |
| Autodesk Inc (ADSK) | $296.90 Million | 20.95% | 0.36x | $40.93 Billion |
| AudioEye Inc (AEYE) | $1.57 Million | -497.00% | 4.84x | $71.03 Million |
| Agilysys Inc (AGYS) | $132.80 Million | 4.88% | 0.61x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $20.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $311.26 Million |
About 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 to increase audience and customer engagement at stadiums and arenas, conferences, theme parks, and restaurants; the Filter Fan Cam platform, an augmented reality filtering tool that c… Read more