---
title: "Versus Systems Inc. 1Q 2026: Revenue $17.3K, EPS ($0.14) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286619521.md"
description: "Versus Systems Inc. reported a 91% revenue decline to $17.3K in Q1 2026, with a narrower net loss of $683.2K compared to $961.75K in the prior year. The drop was attributed to the loss of one-time consulting revenue. Operating expenses decreased by 38%, improving cash from operations. The company now focuses on legacy products and has only four active customers, including the Texas Rangers."
datetime: "2026-05-15T21:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286619521.md)
  - [en](https://longbridge.com/en/news/286619521.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286619521.md)
---

# Versus Systems Inc. 1Q 2026: Revenue $17.3K, EPS ($0.14) — 10-Q Summary

Versus Systems Inc. reported first-quarter 2026 results showing a sharp revenue decline and a narrower net loss versus the prior-year quarter, reflecting a drop in one-time consulting revenue and reduced operating costs.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$17.3K

$199.35K

(91.3%)

Net income²

($683.2K)

($961.75K)

29%

Diluted EPS³

($0.14)

($0.2)

30%

_¹ Reported as “Revenues”. ² Reported as “Net loss attributable to Versus Systems, Inc. Shareholders”. ³ Reported as “diluted earnings per share to shareholders”._

**Business Highlights**

-   Revenue fell 91% year-over-year to $17.3K in Q1 2026, driven primarily by the loss of one-time ASPIS consulting revenue.
-   Business is now concentrated on legacy Xcite products and licensing of Winfinite/FFC to sports and media partners.
-   Only four active customers as of March 31, 2026, with continued engagements including the Texas Rangers and prior ASPIS involvement.
-   Product focus includes Winfinite games, FFC AR filters, and newly allowed AI/ML patent claims that could support future opportunities.
-   Operating expenses declined about 38% year-over-year due to reduced headcount and lower stock-based compensation, improving cash from operations.

Original SEC Filing: Versus Systems Inc. \[ VS \] - 10-Q - May. 15, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [VS.US](https://longbridge.com/en/quote/VS.US.md)
- [HERO.US](https://longbridge.com/en/quote/HERO.US.md)
- [ESPO.US](https://longbridge.com/en/quote/ESPO.US.md)
- [GAMR.US](https://longbridge.com/en/quote/GAMR.US.md)
- [BJK.US](https://longbridge.com/en/quote/BJK.US.md)
- [VSSYW.US](https://longbridge.com/en/quote/VSSYW.US.md)

## Related News & Research

- [SaaSmageddon Isn’t Over. It’s Just on Pause.](https://longbridge.com/en/news/289193574.md)
- [06:10 ETBrandi AI Wins 2026 Intellyx Digital Innovator Award](https://longbridge.com/en/news/289308459.md)
- [09:45 ETTRB Expands Central Texas Presence with Two New Banking Centers in Boerne and Bulverde](https://longbridge.com/en/news/289338392.md)
- [Origin Bank promotes Austin Lewis to commercial group manager in North Texas##](https://longbridge.com/en/news/289348551.md)
- [Forrester Announces AI Forum Singapore And Sydney 2026 Agendas To Convert Rising AI Investment Into Customer Value And Trust](https://longbridge.com/en/news/288652349.md)