Versus Systems (VS) Operating Expenses (2023 - 2026)

Versus Systems (VS) reported Operating Expenses of $835995.0 for Q1 2026, down 38.7% on a YoY basis from $1.4 million in Q1 2025, and down 28.85% quarter-over-quarter from $1.2 million in Q4 2025.

Versus Systems (VS) Operating Expenses (2023 - 2026) Analysis & Trends

Versus Systems has reported Operating Expenses for 4 years, with the latest figure at $835995.0 in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 38.7% year-over-year to $835995.0; the trailing twelve-month figure through Mar 2026 stood at $3.8 million (down 13.94% YoY), and the FY2025 full-year result was $4.3 million, down 5.0% from the prior year.
  • Operating Expenses for Q1 2026 stood at $835995.0, down from $1.2 million in the prior quarter.
  • The five-year high for Operating Expenses was $5.5 million in Q4 2023, with the low at $532872.0 in Q3 2024.
  • Historically, Operating Expenses has averaged $1.6 million across 4 years, with a median of $1.4 million in 2025.
  • Annual changes were most pronounced in 2024 — Operating Expenses slumped 81.62% — and 2025, when it soared 41.95%.
  • Versus Systems' Operating Expenses stood at $5.5 million in 2023, then tumbled by 81.62% to $1.0 million in 2024, then climbed by 16.44% to $1.2 million in 2025, then decreased by 28.85% to $835995.0 in 2026.
  • The last three Operating Expenses figures came in at $835995.0 (Q1 2026), $1.2 million (Q4 2025), and $756401.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Versus Systems 6.76 Mn -2.07 Mn 17,300.00 835,995.00

Historic Data

Download Data
DateValue
Mar 31, 2026 835,995.00
Dec 31, 2025 1.18 Mn
Sep 30, 2025 756,401.00
Jun 30, 2025 1.03 Mn
Mar 31, 2025 1.36 Mn
Dec 31, 2024 1.01 Mn
Sep 30, 2024 532,872.00
Jun 30, 2024 1.51 Mn
Mar 31, 2024 1.50 Mn
Dec 31, 2023 5.49 Mn
Sep 30, 2023 1.89 Mn
Jun 30, 2023 1.45 Mn
Mar 31, 2023 2.34 Mn