Versus Systems Inc. (VS) intrinsic value & 10-year financials
Versus Systems Inc. (VS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 27.8% a year to $2.2M, with an average return on invested capital of 34.6%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.01
- Market cap
- $5.0M
- Revenue (FY2025)
- $2.2M
- Revenue growth (8-yr CAGR)
- 27.8%
- ROIC (10-yr avg)
- 34.6%
- Free cash flow (FY2025)
- —
VS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.2M | -$1.8M | -$0.37 | — | -99.0% | -20.0% |
| FY2024 | $57.3K | -$4.0M | -$1.54 | — | -7923.5% | -62.6% |
| FY2023 | $271.2K | -$10.5M | -$3.48 | — | -4002.1% | -144.9% |
| FY2022 | $1.1M | -$22.5M | -$0.02 | -$9.2M | -2044.6% | -179.0% |
| FY2021 | $768.6K | -$17.8M | -$0.00 | — | — | -278.2% |
| FY2020 | $1.4M | -$6.9M | -$0.00 | — | — | 412.7% |
| FY2019 | $501.2K | -$7.3M | -$0.00 | — | — | 514.1% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Versus Systems Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Versus Systems Inc. has historically struggled to out-earn its cost of capital, averaging just -31.8% ROIC.
Versus Systems Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Versus Systems Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.29 per share.