VERSES AI Inc. (VERS) - Net Assets
Based on the latest financial reports, VERSES AI Inc. (VERS) has net assets worth CA$-13.20 Million CAD (≈ $-9.55 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.29 Million ≈ $1.66 Million USD) and total liabilities (CA$15.49 Million ≈ $11.20 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VERS intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-13.20 Million |
| % of Total Assets | -576.21% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 374.1 |
VERSES AI Inc. - Net Assets Trend (2022–2025)
This chart illustrates how VERSES AI Inc.'s net assets have evolved over time, based on quarterly financial data. See how many days can VERSES AI Inc. fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for VERSES AI Inc. (2022–2025)
The table below shows the annual net assets of VERSES AI Inc. from 2022 to 2025. For live valuation and market cap data, see VERSES AI Inc. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$-8.87 Million ≈ $-6.42 Million |
-43.28% |
| 2024-03-31 | CA$-6.19 Million ≈ $-4.48 Million |
-835.67% |
| 2023-03-31 | CA$841.37K ≈ $608.64K |
-87.47% |
| 2022-03-31 | CA$6.72 Million ≈ $4.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VERSES AI 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 11454482100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$120.69 Million | % |
| Total Equity | CA$-8.87 Million | 100.00% |
VERSES AI Inc. Competitors by Market Cap
The table below lists competitors of VERSES AI Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
THALASSA HLDG.NEW DL-01
F:TH2P
|
$3.93 Million |
|
Pensionbee Group PLC
LSE:PBEE
|
$3.93 Million |
|
Inix Technologies Holdings Bhd
KLSE:0094
|
$3.94 Million |
|
International Lithium Corp
V:ILC
|
$3.94 Million |
|
Oberstdorfer Bergbahn AG
MU:KVO
|
$3.93 Million |
|
Interoil Exploration and Production ASA
OL:IOX
|
$3.93 Million |
|
Hopening SA
PA:MLHPE
|
$3.93 Million |
|
Cosmo Metals Ltd
AU:CMO
|
$3.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VERSES AI Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -6,189,738 to -8,868,756, a change of -2,679,018.
- Net loss of 42,992,724 reduced equity.
- New share issuances of 32,223,966 increased equity.
- Other factors increased equity by 8,089,740.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-42.99 Million | -484.77% |
| Share Issuances | CA$32.22 Million | +363.34% |
| Other Changes | CA$8.09 Million | +91.22% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares VERSES AI 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | CA$0.13 | CA$0.38 | x |
| 2023-03-31 | CA$0.01 | CA$0.38 | x |
| 2024-03-31 | CA$-0.06 | CA$0.38 | x |
| 2025-03-31 | CA$-3.40 | CA$0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VERSES AI Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27737.24%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-611.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -132.24% | -320.18% | 0.31x | 1.34x | CA$-9.55 Million |
| 2023 | -2312.70% | -1212.29% | 0.19x | 10.27x | CA$-19.54 Million |
| 2024 | 0.00% | -2648.74% | 0.35x | 0.00x | CA$-51.47 Million |
| 2025 | 0.00% | -27737.24% | 0.02x | 0.00x | CA$-42.11 Million |
Industry Comparison
This section compares VERSES AI Inc.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $-5,867,394
- Average return on equity (ROE) among peers: -137.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VERSES AI Inc. (VERS) | CA$-13.20 Million | -132.24% | N/A | $3.93 Million |
| BlackBerry Ltd (BB) | $876.54 Million | -3.25% | 0.08x | $2.78 Billion |
| Blockchaink2 Corp (BITK) | $70.50K | -489.22% | 1.93x | $1.27 Million |
| BTQ Technologies Corp. (BTQ) | $6.80 Million | -17.00% | 0.07x | $805.76 Million |
| Coveo Solutions Inc (CVO) | $-999.08 Million | 0.00% | 0.00x | $159.35 Million |
| Fobi AI Inc (FOBI) | $2.57 Million | -496.42% | 0.94x | $7.08 Million |
| Fintech Select Ltd (FTEC) | $35.85K | 1366.03% | 27.29x | $2.03 Million |
| Haivision Systems Inc (HAI) | $88.92 Million | -9.88% | 0.38x | $90.29 Million |
| Hank Payments Corp (HANK) | $-7.87 Million | 0.00% | 0.00x | $15.76 Million |
| DeepMarkit Corp (MKT) | $276.44K | -1723.61% | 1.34x | $18.92 Million |
| Mogo Inc (MOGO) | $-26.93 Million | 0.00% | 0.00x | $25.11 Million |
About VERSES AI Inc.
VERSES AI Inc., a cognitive computing company, engages in building system software in Canada. It focuses on developing Genius, an intelligence-as-a-service smart software platform that is designed to enable agentic intelligence for enterprises. The company was formerly known as Verses Technologies Inc. and changed its name to VERSES AI Inc. in March 2023. The company was incorporated in 2020 and … Read more