Versus Systems (VS) Gross Margin (2023 - 2026)
Versus Systems (VS) reported Gross Margin of 100.0% for Q1 2026, up 412.0% on a YoY basis from 19.53% in Q1 2025, and up 53012.05% quarter-over-quarter from 0.19% in Q4 2025.
Versus Systems (VS) Gross Margin (2023 - 2026) Analysis & Trends
Versus Systems has reported Gross Margin for 4 years, with the latest figure at 100.0% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 412.0% year-over-year to 100.0%; the trailing twelve-month figure through Mar 2026 stood at 47.94% (down 4143.0% YoY), and the FY2025 full-year result was 99.25%, up 6955.0% from the prior year.
- Gross Margin for Q1 2026 stood at 100.0%, up from 0.19% in the prior quarter.
- The five-year high for Gross Margin was 100.0% in Q3 2024, with the low at 2.7% in Q3 2023.
- Historically, Gross Margin has averaged 55.5% across 4 years, with a median of 57.95% in 2023.
- The largest YoY upside for Gross Margin was 10270 bps in 2024 against a maximum downside of 4868 bps in 2024.
- Versus Systems' Gross Margin stood at 31.11% in 2023, then surged by 221 bps to 100.0% in 2024, then slumped by 100 bps to 0.19% in 2025, then soared by 53012 bps to 100.0% in 2026.
- The last three Gross Margin figures came in at 100.0% (Q1 2026), 0.19% (Q4 2025), and 99.58% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Versus Systems | 6.76 Mn | -2.07 Mn | 17,300.00 | 100.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 100.00% |
| Dec 31, 2025 | 0.19% |
| Jun 30, 2025 | 99.58% |
| Mar 31, 2025 | 95.88% |
| Sep 30, 2024 | 100.00% |
| Jun 30, 2024 | 39.74% |
| Mar 31, 2024 | 9.27% |
| Dec 31, 2023 | 31.11% |
| Sep 30, 2023 | -2.70% |
| Jun 30, 2023 | 79.51% |
| Mar 31, 2023 | 57.95% |