Versus Systems Inc. Q2 2026: Revenue $1.49M, EPS $0.1— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Versus Systems Inc. reported Q2 2026 results with revenue of $1.49M, down 25% YoY, and diluted EPS of $0.10, a 28.6% decline. Net income attributable to shareholders was $594,273. The company is shifting focus to direct B2B licensing and third-party growth following the Xcite acquisition, while restructuring operations to stabilize liquidity.
Versus Systems Inc. reported second-quarter 2026 results with revenue of $1.49M and net income attributable to shareholders of $594273 while diluted earnings per share were $0.1. Revenue declined versus the year‑ago quarter and earnings slipped modestly year over year.
Financial Highlights
- Revenue: $1.49M for Q2 2026, down from $1.98M in Q2 2025 (−25% YoY on related‑party license).
- Net income: $594,273 attributable to Versus Systems, Inc. shareholders for Q2 2026, versus $672,335 in Q2 2025 (≈(29.7%) YoY).
- Diluted EPS: $0.10 for Q2 2026, down from $0.14 in Q2 2025 (−$0.04; ≈(28.6%) YoY).
Business Highlights
- Related‑party revenue has declined (31% YTD) while third‑party revenue rose modestly (3% YTD), driven by integration of the Xcite acquisition.
- Management is shifting channels with increased focus on direct B2B licensing and its Winfinite/FFC products, with growing third‑party customer activity.
- Company continues partnerships with sports franchises (including the Texas Rangers) and reports retention of key customers after the Xcite acquisition.
- Operationally, Versus capitalized software development for new products and reduced R&D/staff through restructuring.
- Management is pursuing financing and strategic initiatives to stabilize liquidity and support growth.
Original SEC Filing: Versus Systems Inc. [ VS ] - 10-Q - Aug. 14, 2026
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