Versus Systems Q2 FY26 net income falls 37% to $594,273; revenue drops 25% to $1.49 million
VS•Cash position
Cash and cash equivalents were $1.4 million at June 30, following a $1.7 million common stock issuance to ASPIS.
Quarterly earnings and revenue decline
Versus Systems posted GAAP net income of $594,273 for the quarter ended June 30, 2026, down 37% year over year.
Revenue totaled $1.49 million, down 25% year over year, as related-party revenue slid 25% to $1.49 million.
Third-party revenue and six-month results
Third-party revenue was $6,821, versus no revenue a year earlier, attributed to revenue earned from the Xcite business.
GAAP net loss for the six months ended June 30 narrowed to $224,422, while net cash used in operating activities improved to $331,203.
