Versus Systems (VS) Research & Development (2023 - 2025)
Versus Systems (VS) reported Research & Development of $21227.0 for Q4 2025, down 83.41% on a YoY basis from $127942.0 in Q4 2024, and up 46.7% quarter-over-quarter from $14470.0 in Q3 2025.
Versus Systems (VS) Research & Development (2023 - 2025) Analysis & Trends
Versus Systems has reported Research & Development for 3 years, with the latest figure at $21227.0 in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 83.41% year-over-year to $21227.0; the trailing twelve-month figure through Dec 2025 stood at $48065.0 (down 80.46% YoY), and the FY2025 full-year result was $48065.0, down 80.46% from the prior year.
- Research & Development for Q4 2025 stood at $21227.0, up from $14470.0 in the prior quarter.
- The five-year high for Research & Development was $717667.0 in Q1 2023, with the low at $6149.0 in Q1 2025.
- Historically, Research & Development has averaged $116776.6 across 3 years, with a median of $44864.5 in 2023.
- The largest YoY upside for Research & Development was 154.27% in 2024 against a maximum downside of 95.79% in 2024.
- Versus Systems' Research & Development stood at $50317.0 in 2023, then soared by 154.27% to $127942.0 in 2024, then tumbled by 83.41% to $21227.0 in 2025.
- The last three Research & Development figures came in at $21227.0 (Q4 2025), $14470.0 (Q3 2025), and $6219.0 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Versus Systems | 6.76 Mn | -2.07 Mn | 17,300.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 21,227.00 |
| Sep 30, 2025 | 14,470.00 |
| Jun 30, 2025 | 6,219.00 |
| Mar 31, 2025 | 6,149.00 |
| Dec 31, 2024 | 127,942.00 |
| Sep 30, 2024 | 11,462.00 |
| Jun 30, 2024 | 67,203.00 |
| Mar 31, 2024 | 39,412.00 |
| Dec 31, 2023 | 50,317.00 |
| Sep 30, 2023 | 272,111.00 |
| Jun 30, 2023 | 67,140.00 |
| Mar 31, 2023 | 717,667.00 |