Complete Filing Data
Verses AI Inc. reported Stockholders Equity of $841.4 thousand for FY2023.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Verses AI Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 |
|---|---|---|
| Net Income Loss | -$43.0M | -$52.1M |
| Selling General And Administrative Expense | $41.3M | $40.4M |
| Other Nonoperating Income Expense | -$1.2M | -$12.0M |
| Operating Income Loss | -$41.8M | -$40.1M |
| Interest Expense Nonoperating | $2.0M | $348.4K |
| Comprehensive Income Net Of Tax | -$42.7M | -$52.4M |
| Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest | -$245.9K | $284.4K |
| Revenues | $155.0K | $2.0M |
| Gross Profit | -$476.7K | $267.6K |
| Cost Of Revenue | $631.7K | $1.7M |
| Income Tax Receivable | $375.0K | |
| Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent | ||
| Deferred Revenue Current | ||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest | -$43.0M | -$52.1M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|
| Net Income Loss | -$5.5M | -$9.9M | -$9.6M | -$16.8M | -$8.6M | -$10.6M | |
| Selling General And Administrative Expense | $5.5M | $9.7M | $10.0M | $13.3M | $10.3M | $10.3M | |
| Other Nonoperating Income Expense | -$67.3K | -$245.4K | $234.1K | -$3.6M | $1.7M | -$259.6K | |
| Operating Income Loss | -$5.4M | -$9.6M | -$9.9M | -$13.3M | -$10.3M | -$10.3M | |
| Interest Expense Nonoperating | $13.0K | $7.3K | $5.0K | $252.0K | $221.7K | $71.3K | |
| Comprehensive Income Net Of Tax | -$5.5M | -$10.0M | -$9.5M | -$16.2M | -$8.7M | -$10.6M | |
| Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest | $87.0K | -$170.3K | $134.5K | $87.5K | |||
| Revenues | $417.9K | $100.7K | $300.0K | $155.0K | |||
| Gross Profit | $125.4K | $30.2K | $115.9K | $10.0K | |||
| Cost Of Revenue | $292.6K | $70.5K | $184.1K | $145.0K | |||
| Income Tax Receivable | $762.0K | $728.2K | $689.2K | $604.9K | |||
| Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent | -$9.7K | $562.0K | |||||
| Deferred Revenue Current | $100.0K | ||||||
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Stockholders Equity | $841.4K | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | $4.4M | |||
| Long Term Loans Payable | $143.3K | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | $3.9M | -$3.5M | ||
| Retained Earnings Accumulated Deficit | -$86.6M | |||
| Restricted Share Unit Liability | $576.2K | |||
| Restricted Cash And Cash Equivalents At Carrying Value | $892.7K | |||
| Property Plant And Equipment Net | $267.3K | |||
| Other Receivables | $64.9K | |||
| Other Liabilities Current | $9.9M | |||
| Liabilities Current | $15.4M | |||
| Liabilities And Stockholders Equity | $3.8M | |||
| Liabilities | $15.5M | |||
| Assets Current | $3.5M | |||
| Assets | $3.8M | |||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -$921.0K | |||
| Accrued Liabilities Current | $82.5K | |||
| Accounts Payable Current | $2.8M | |||
| Repayments Of Short Term Debt | $2.0M | $7.8K | ||
| Deferred Costs Current | $81.0K | |||
| Deferred Compensation Liability Current | ||||
| Accounts Receivable Net Current | $100.0K | |||
| Inventory Work In Process | ||||
| Unbilled Receivables Current | $1.3M | $1.2M | ||
| Debt Current | $2.0M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Stockholders Equity | -$13.2M | -$9.3M | -$10.7M | -$8.9M | -$28.4M | -$17.6M | -$13.8M | -$11.7M |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | $68.0K | $1.2M | $3.3M | $4.8M | $877.0K | $2.2M | $9.8M | $892.7K |
| Long Term Loans Payable | $141.0K | $139.7K | $140.3K | $139.0K | $140.9K | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect | -$1.6M | $8.9M | ||||||
| Retained Earnings Accumulated Deficit | -$154.5M | -$149.1M | -$139.2M | -$129.6M | ||||
| Restricted Share Unit Liability | $611.6K | $1.8M | $4.0M | $3.9M | ||||
| Restricted Cash And Cash Equivalents At Carrying Value | $68.0K | $1.2M | $3.3M | $4.8M | ||||
| Property Plant And Equipment Net | $120.3K | $120.0K | $118.3K | $125.4K | ||||
| Other Receivables | $70.4K | $69.7K | $68.9K | $68.1K | ||||
| Other Liabilities Current | $9.6M | $9.4M | $9.2M | $8.9M | ||||
| Liabilities Current | $15.3M | $12.8M | $15.5M | $15.1M | ||||
| Liabilities And Stockholders Equity | $2.3M | $3.6M | $5.0M | $6.4M | ||||
| Liabilities | $15.5M | $13.0M | $15.6M | $15.2M | ||||
| Assets Current | $2.1M | $3.5M | $4.8M | $6.2M | ||||
| Assets | $2.3M | $3.6M | $5.0M | $6.4M | ||||
| Accumulated Other Comprehensive Income Loss Net Of Tax | -$601.5K | -$591.7K | -$504.7K | -$675.0K | ||||
| Accrued Liabilities Current | $79.9K | $132.7K | $25.7K | $41.7K | ||||
| Accounts Payable Current | $3.1M | $1.5M | $2.3M | $2.0M | ||||
| Repayments Of Short Term Debt | $2.0M | |||||||
| Deferred Costs Current | $33.2K | $118.5K | ||||||
| Deferred Compensation Liability Current | $41.7K | $17.8K | $67.7K | |||||
| Accounts Receivable Net Current | $164.0K | $296.7K | $200.0K | |||||
| Inventory Work In Process | $6.7K | |||||||
| Unbilled Receivables Current | ||||||||
| Debt Current |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 |
|---|---|---|
| Share Based Compensation | $7.7M | $7.9M |
| Payments To Acquire Property Plant And Equipment | $30.6K | $185.2K |
| Net Cash Provided By Used In Operating Activities | -$33.1M | -$29.6M |
| Net Cash Provided By Used In Investing Activities | -$510.4K | -$1.3M |
| Net Cash Provided By Used In Financing Activities | $37.7M | $27.5M |
| Increase Decrease In Prepaid Expense | -$158.3K | -$648.3K |
| Increase Decrease In Income Taxes Receivable | $229.9K | $170.1K |
| Increase Decrease In Accounts Receivable | -$100.0K | $65.0K |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -$792.9K | $1.6M |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | -$132.8K | -$193.7K |
| Proceeds From Other Equity | $3.0M | $9.8M |
| Proceeds From Issuance Of Units | $29.3M | $17.5M |
| Increase Decrease In Deferred Charges | $37.6K | $81.0K |
| Increase Decrease In Deferred Revenue | $100.0K | -$65.0K |
| Increase Decrease In Contract With Customer Asset | $6.7K | -$98.4K |
| Proceeds From Deferred Grant | $67.7K | |
| Payments For Repurchase Of Private Placement | $2.2M | $1.7M |
| Proceeds From Legal Settlements | $8.9M | |
| Proceeds From Convertible Debt | $10.0M | |
| Payments To Fund Longterm Loans To Related Parties | $479.8K | $1.1M |
| Proceeds From Issuance Of Warrants |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q2 2025 | Q2 2024 |
|---|---|---|
| Share Based Compensation | $557.0K | $337.0K |
| Payments To Acquire Property Plant And Equipment | $16.2K | $24.3K |
| Net Cash Provided By Used In Operating Activities | -$8.8M | -$7.1M |
| Net Cash Provided By Used In Investing Activities | -$16.2K | -$185.4K |
| Net Cash Provided By Used In Financing Activities | $7.1M | $16.2M |
| Increase Decrease In Prepaid Expense | -$20.3K | $130.2K |
| Increase Decrease In Income Taxes Receivable | $84.3K | $107.2K |
| Increase Decrease In Accounts Receivable | $200.0K | -$100.0K |
| Increase Decrease In Accounts Payable And Accrued Liabilities | $212.5K | $1.8M |
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | $170.3K | -$21.8K |
| Proceeds From Other Equity | $1.2M | |
| Proceeds From Issuance Of Units | $7.9M | |
| Increase Decrease In Deferred Charges | -$85.4K | |
| Increase Decrease In Deferred Revenue | -$100.0K | |
| Increase Decrease In Contract With Customer Asset | -$6.7K | |
| Proceeds From Deferred Grant | -$49.9K | |
| Payments For Repurchase Of Private Placement | $818.1K | |
| Proceeds From Legal Settlements | $1.3M | |
| Proceeds From Convertible Debt | $10.0M | |
| Payments To Fund Longterm Loans To Related Parties | $161.1K | |
| Proceeds From Issuance Of Warrants | $7.3M |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 |
|---|---|---|
| Stock Issued During Period Value New Issues | $19.0M | $6.6M |
| Adjustments To Additional Paid In Capital Other | $2.2M | $6.9M |
| Stock Issued During Period Value Exercise Of Options And Warrants | $3.0M | $9.8M |
| Depreciation | $172.4K | $261.7K |
| Prepaid Expense Current | $794.4K | |
| Additional Paid In Capital | $13.3M | |
| Accretion Expense | $203.9K | |
| Stock Issued During Period Value Special Warrants Converted To Shares | 8.1M | 9.2M |
| Interest Due From Related Parties Loan | $3.1K | |
| Stock Issued During Period Value Issued For Services | $49.7K | $61.0K |
| Stock Issued During Period Shares New Issues | 471.8K | |
| Provision For Other Losses | $479.8K | $1.9M |
| Provision For Legal Claim | -$848.2K | $9.9M |
| Stock Issued During Period Value Other | ||
| Restricted Stock Expenses | ||
| Issuance Of Stock And Warrants For Services Or Claims | $49.7K | $61.0K |
| Stock Issued During Period Value Restricted Stock Award Gross | $2.1M | |
| Stock Issued During Period Shares Other | ||
| Stock Issued During Period Shares Conversion Of Convertible Securities | 255.2K | |
| Stock Issued During Period Value Conversion Of Convertible Securities | $11.1M | $5.6M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|
| Stock Issued During Period Value New Issues | $6.1M | $883.9K | $2.8M | $3.4M | $7.1M | ||
| Adjustments To Additional Paid In Capital Other | $1.1M | $2.5M | $557.0K | $793.1K | $1.0M | $337.0K | |
| Stock Issued During Period Value Exercise Of Options And Warrants | $1.6M | $291.5K | $554.3K | $1.2M | |||
| Depreciation | $23.4K | $46.1K | |||||
| Prepaid Expense Current | $1.1M | $1.2M | $615.7K | $636.1K | |||
| Additional Paid In Capital | $23.4M | $18.8M | $16.9M | $15.9M | |||
| Accretion Expense | $3.2K | $265.4K | $411.8K | $42.0K | |||
| Stock Issued During Period Value Special Warrants Converted To Shares | 1.2M | 6.9M | |||||
| Interest Due From Related Parties Loan | $784.00 | $784.00 | |||||
| Stock Issued During Period Value Issued For Services | $49.7K | ||||||
| Stock Issued During Period Shares New Issues | 916.7K | 7.1M | |||||
| Provision For Other Losses | $235.4K | $161.1K | |||||
| Provision For Legal Claim | $223.1K | ||||||
| Stock Issued During Period Value Other | $3.7K | $3.7K | |||||
| Restricted Stock Expenses | $113.6K | -$115.4K | |||||
| Issuance Of Stock And Warrants For Services Or Claims | $49.7K | ||||||
| Stock Issued During Period Value Restricted Stock Award Gross | $1.1M | $284.4K | $1.1M | ||||
| Stock Issued During Period Shares Other | 3.7K | ||||||
| Stock Issued During Period Shares Conversion Of Convertible Securities | 250.0K | ||||||
| Stock Issued During Period Value Conversion Of Convertible Securities |
Most recent annual filing with the SEC: July 14, 2025
Data sourced from SEC EDGAR public filings as of August 7, 2026.