Versus Systems (VS) Research & Development (2023 - 2025)
Versus Systems' (VS) quarterly Research & Development came in at $21227.0 in 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.
Analysis
Versus Systems (VS) Research & Development (2023 - 2025) Analysis & Trends
Versus Systems (VS) has reported Research & Development for 3 consecutive years, with $21227.0 the latest figure, recorded 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 climbed to $21227.0 in Q4 2025 per VS's latest filing, from $14470.0 in the prior quarter.
- Across five years, Research & Development topped out at $717667.0 in Q1 2023 and bottomed 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 widest YoY moves for Research & Development: up 154.27% in 2024, down 95.79% in 2024.
- Over 3 years, Research & Development stood at $50317.0 in 2023, then surged by 154.27% to $127942.0 in 2024, then sank by 83.41% to $21227.0 in 2025.
- According to Business Quant data, Research & Development over the past three periods registered $21227.0, $14470.0, and $6219.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Zeta Global Holdings | 7.10 Bn | 6.79 Bn | 261.77 Mn | 104.04 Mn |
| 2 | Klaviyo | 5.52 Bn | 4.69 Bn | 269.10 Mn | 139.30 Mn |
| 3 | Braze | 3.60 Bn | 3.21 Bn | 138.66 Mn | 89.19 Mn |
| 4 | LiveRamp Holdings | 2.30 Bn | 1.92 Bn | 150.94 Mn | 51.93 Mn |
| 5 | Sharplink | 865.57 Mn | 809.37 Mn | 11.27 Mn | - |
| 6 | Sprout Social | 688.23 Mn | 568.30 Mn | 96.09 Mn | 47.42 Mn |
| 7 | Yext | 645.34 Mn | 558.52 Mn | 83.84 Mn | 26.31 Mn |
| 8 | TechTarget | 292.93 Mn | 247.11 Mn | 64.48 Mn | 29.67 Mn |
| 9 | Marchex | 69.04 Mn | 60.89 Mn | 6.60 Mn | 2.30 Mn |
| 10 | Versus Systems | 6.15 Mn | -3.50 Mn | 1.49 Mn | - |
Historic Data
Download Data
Historic 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 |