Versus Systems (VS) Research & Development (2023 - 2025)
Versus Systems' Research & Development was $21,227 in Q4 2025, down 83.4% from $127,942 a year earlier but up 46.7% from the prior quarter.
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Analysis
Versus Systems (VS) Research & Development (2023 - 2025) Analysis & Trends
For FY2025, Research & Development at Versus Systems came in at $48,065, down 80.5% from FY2024.
- Research & Development has now declined for three consecutive years, with a three-year compound annual growth rate of -72.9% (FY2022 to FY2025).
- In earlier years, Research & Development was $246,019 in FY2024 (-77.8%), $1.11 million in FY2023 (-54.0%) and $2.41 million in FY2022.
- Quarterly Research & Development has moved between $6,149 (Q1 2025) and $717,667 (Q1 2023) over five years.
- Compared with a year earlier, Research & Development was higher in three of the last eight quarters, with an average decline of 33.5%.
- The best year-over-year quarter for Research & Development over five years was Q4 2024 (growth of 154.3%); the worst was Q3 2024 (a decline of 95.8%).
- Per Business Quant data, VS's Research & Development in the three quarters before Q4 2025 was $14,470 (Q3 2025), $6,219 (Q2 2025) and $6,149 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | Versus Systems | 5.16 Mn | -6.85 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 |
API Access
Versus Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();