Versus Systems (VS) Gross Margin (2023 - 2026)
Versus Systems (VS) posted quarterly Gross Margin of 100.0% for Q1 2026, up 412.0% year-on-year from 19.53% in Q1 2025, and up 53012.05% on a QoQ basis from 0.19% in Q4 2025.
Versus Systems (VS) Gross Margin (2023 - 2026) Analysis & Trends
Versus Systems (VS) has reported Gross Margin for 4 consecutive years, with 100.0% the latest figure, recorded in Q1 2026.
- Quarterly Gross Margin rose 412.0% year-over-year to 100.0% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 47.94% (down 4143.0% YoY) and the FY2025 annual result came in at 99.25%, up 6955.0% from the prior year.
- Gross Margin advanced to 100.0% in Q1 2026 per VS's latest filing, from 0.19% in the prior quarter.
- Over the last five years, Gross Margin for VS reached as high as 100.0% in Q3 2024 and fell as low as 2.7% in Q3 2023.
- A 4-year average of 55.5% and a median of 57.95% in 2023 frame the typical range for Gross Margin.
- The largest YoY upside for Gross Margin was 10270 bps in 2024 against a maximum downside of 4868 bps in 2024.
- Year by year, Gross Margin stood at 31.11% in 2023, then surged by 221 bps to 100.0% in 2024, then tumbled by 100 bps to 0.19% in 2025, then soared by 53012 bps to 100.0% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 100.0%, 0.19%, and 99.58% for Q1 2026, Q4 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 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% |