Versus Systems Q2 FY26 net income falls 37% to $594,273; revenue drops 25% to $1.49 million

Reuters2026/08/14 17:40

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Versus Systems posted GAAP net income of $594,273 for the quarter ended June 30, 2026, down 37% year over year.
Revenue totaled $1.49 million, down 25% year over year, as related-party revenue slid 25% to $1.49 million.
Third-party revenue was $6,821, versus no revenue a year earlier, attributed to revenue earned from the Xcite business.
GAAP net loss for the six months ended June 30 narrowed to $224,422, while net cash used in operating activities improved to $331,203.
Cash and cash equivalents were $1.4 million at June 30, following a $1.7 million common stock issuance to ASPIS.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Versus Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-089786), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Versus Systems Q2 FY26 net income falls 37% to $594,273; revenue drops 25% to $1.49 million

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