VERSES AI INC Financials

VERSES AI INC (VRSSF) reported $155K in total revenue for fiscal year 2025. This represents a -92.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

VERSES AI INC (VRSSF) revenue declined by 92.1% year-over-year, from $2.0M to $155K in fiscal year 2025.

No, VERSES AI INC (VRSSF) reported a net income of -$43.0M in fiscal year 2025, with a net profit margin of -27737.2%.

VERSES AI INC (VRSSF) had EBITDA of -$41.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

VERSES AI INC (VRSSF) had a gross margin of -307.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

VERSES AI INC (VRSSF) had an operating margin of -26953.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

VERSES AI INC (VRSSF) had a net profit margin of -27737.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

VERSES AI INC (VRSSF) generated -$33.1M in free cash flow during fiscal year 2025. This represents a -11.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

VERSES AI INC (VRSSF) generated -$33.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

VERSES AI INC (VRSSF) had $6.4M in total assets as of fiscal year 2025, including both current and long-term assets.

VERSES AI INC (VRSSF) invested $31K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

VERSES AI INC (VRSSF) had a current ratio of 0.41 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

VERSES AI INC (VRSSF) had a debt-to-equity ratio of -1.72 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

VERSES AI INC (VRSSF) had a return on assets of -674.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, VERSES AI INC (VRSSF) had $576K in cash against an annual operating cash burn of $33.1M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

VERSES AI INC (VRSSF) has negative shareholder equity of -$8.9M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

VERSES AI INC (VRSSF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

VERSES AI INC (VRSSF) has an earnings quality ratio of 0.77x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

VERSES AI INC (VRSSF) has an interest coverage ratio of -7971.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

VERSES AI INC (VRSSF) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.