Versus Systems VS
NASDAQ VS
$1.24 +0.04 (+3.33%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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