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

Versus Systems (VS) posted quarterly Operating Expenses of $835995.0 for Q1 2026, down 38.7% year-on-year from $1.4 million in Q1 2025, and down 28.85% on a QoQ basis from $1.2 million in Q4 2025.

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

Versus Systems (VS) has reported Operating Expenses for 4 consecutive years, with $835995.0 the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses fell 38.7% year-over-year to $835995.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.8 million (down 13.94% YoY) and the FY2025 annual result came in at $4.3 million, down 5.0% from the prior year.
  • Operating Expenses slipped to $835995.0 in Q1 2026 per VS's latest filing, from $1.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for VS reached as high as $5.5 million in Q4 2023 and fell as low as $532872.0 in Q3 2024.
  • A 4-year average of $1.6 million and a median of $1.4 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2024 — Operating Expenses sank 81.62% — and 2025, when it jumped 41.95%.
  • Year by year, Operating Expenses stood at $5.5 million in 2023, then plunged by 81.62% to $1.0 million in 2024, then rose by 16.44% to $1.2 million in 2025, then declined by 28.85% to $835995.0 in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $835995.0, $1.2 million, and $756401.0 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 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