VERSES AI INC Financials
VERSES AI INC (VRSSF) reported $155K in revenue for fiscal year 2025, down 92.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
With revenue collapsing and negative gross profit, the business is being carried more by financing than by customer activity.
Between FY2024 and FY2025, revenue fell from$2.0M to$155K while gross margin flipped from positive to deeply negative. At the same time, current assets rose to$6.2M and the current ratio improved to 0.4x, suggesting added liquidity bought time rather than reflecting self-funding operations.
FY2025's negative gross profit means direct delivery costs exceeded sales by about
The capital structure is still tight: current liabilities were
Financial Health Signals
VERSES AI INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.
Key Financial Metrics
Earnings & Revenue
VERSES AI INC generated $155K in revenue in fiscal year 2025. This represents a decrease of 92.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
VERSES AI INC held $576K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
VERSES AI INC invested $31K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 83.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
VRSSF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Revenue | N/A | $155K-92.1% | $2.0M |
| Cost of Revenue | N/A | $632K-62.8% | $1.7M |
| Gross Profit | N/A | -$477K-278.2% | $268K |
| Interest Expense | N/A | $1.9M+474.5% | $338K |
| Income Tax | N/A | N/A | $3K |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, Net Income, EPS (Diluted).
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VRSSF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $6.4M+66.6% | $3.8M |
| Current Assets | $6.2M+76.9% | $3.5M |
| Cash & Equivalents | $576K | N/A |
| Accounts Receivable | N/A | $100K |
| Total Liabilities | $15.2M-1.7% | $15.5M |
| Current Liabilities | $15.1M-1.7% | $15.4M |
| Total Equity | -$8.9M+24.0% | -$11.7M |
| Retained Earnings | -$129.6M-49.7% | -$86.6M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
VRSSF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Capital Expenditures | $65K | $31K-83.5% | $185K |
| Investing Cash Flow | -$545K | -$510K+59.4% | -$1.3M |
Not reported in any period shown, so not listed: Operating Cash Flow, Free Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
VRSSF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Gross Margin | -307.5% | 13.6% |
| Current Ratio | 0.41+0.2x | 0.23 |
Not reported in any period shown, so not listed: Operating Margin, Net Margin, Return on Equity, Return on Assets, Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin.
Note: Shareholder equity is negative (-$8.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.41), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where VERSES AI INC Ranks
Frequently Asked Questions
What is VERSES AI INC's annual revenue?
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.
How fast is VERSES AI INC's revenue growing?
VERSES AI INC (VRSSF) revenue declined by 92.1% year-over-year, from $2.0M to $155K in fiscal year 2025.
What are VERSES AI INC's total assets?
VERSES AI INC (VRSSF) had $6.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are VERSES AI INC's capital expenditures?
VERSES AI INC (VRSSF) invested $31K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is VERSES AI INC's current ratio?
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.
Why is VERSES AI INC's debt-to-equity ratio negative or not reported?
VERSES AI INC (VRSSF) has negative shareholder equity of -$8.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.