Versus Systems Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 13, 2026, reporting unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Net loss (Q3 2026): Versus Systems reported a net loss of $665,451 for the three months ended September 30, 2026, compared with a net loss of $757,997 in the same period of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $889,873, versus $972,013 for the same period in 2025.
  • Revenue (nine months): Total revenues for the nine months ended September 30, 2026 were $24,121, with related-party revenues of $1,485,000, for a combined $1,509,121 gross profit.
  • Cash position: Cash and cash equivalents stood at $932,617 as of September 30, 2026, up from $527,388 at December 31, 2025.
  • Share count increase: Common shares outstanding rose to 6,212,646 as of September 30, 2026 from 4,901,677 at December 31, 2025, reflecting the issuance of 1,310,969 shares during the second quarter of 2026 for proceeds of $1,700,000.
  • Total assets: Total assets were $3,894,048 as of September 30, 2026, compared with $2,061,062 at December 31, 2025.
  • Accumulated deficit: The accumulated deficit reached $142,010,013 as of September 30, 2026.

Versus Systems Q3 2026 Financial Results: Revenue, Losses, and Balance Sheet Changes

According to the filing, Versus Systems Inc. (NASDAQ:VS) generated no revenues in the three months ended September 30, 2026, the same as in Q3 2025. For the nine-month period, the company reported total revenues of $24,121 and related-party revenues of $1,485,000, producing a gross profit of $1,509,121. This compares with related-party revenues of $2,156,000 and gross profit of $2,162,902 for the nine months ended September 30, 2025, according to the filing.

The company disclosed total operating expenses of $665,451 for the three months ended September 30, 2026, consisting entirely of selling, general and administrative expenses. For the nine-month period, operating expenses totaled $2,398,994, also composed solely of selling, general and administrative costs, as no research and development expenses were recorded in 2026. The filing reported basic and diluted loss per share attributable to shareholders of $0.09 for Q3 2026 and $0.14 for the nine months ended September 30, 2026, based on a weighted average share count of 6,212,646 and 5,362,677, respectively.

On the balance sheet, the company reported total assets of $3,894,048 as of September 30, 2026, up from $2,061,062 at December 31, 2025. Intangible assets increased to $1,590,000 from $609,000 over the same period. Accounts payable and accrued liabilities rose to $1,002,267 from $142,759 at year-end 2025. Total stockholders' equity attributable to Versus Systems, Inc. was $11,312,779, while total stockholders' equity including non-controlling interest was $2,891,781. The filing noted the company remains classified as a smaller reporting company and an emerging growth company.

What Was Disclosed

Versus Systems filed its unaudited quarterly report covering the three and nine months ended September 30, 2026, disclosing a Q3 net loss of $665,451, nine-month revenues of approximately $1.51 million (gross profit), a cash balance of $932,617, and an accumulated deficit of $142,010,013.