VSAI
VSAI
VERSES AI Inc. Common StockIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $417.93K ▲ | $5.53M ▼ | $-5.48M ▲ | -1.31K% ▲ | $-2.94 ▲ | $-5.48M ▲ |
| Q2-2025 | $100.7K ▼ | $9.65M ▲ | $-9.87M ▼ | -9.8K% ▼ | $-6.22 ▼ | $-9.87M ▼ |
| Q1-2025 | $300K | $2.67M | $-9.64M | -3.21K% | $-1.1 | $-2.56M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $0 | $2.29M ▼ | $15.49M ▲ | $-13.2M ▼ |
| Q2-2025 | $0 | $3.64M ▼ | $12.96M ▼ | $-9.32M ▲ |
| Q1-2025 | $0 | $4.98M | $15.65M | $-10.66M |
What's financially strong about this company?
There is no debt, and no goodwill or intangible assets that could be written down. All assets are tangible.
What are the financial risks or weaknesses?
The company has no cash, cannot cover its bills, and owes far more than it owns. Equity is deeply negative and the gap is widening each quarter.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 ▼ | $-3.47M ▲ | $-24.8K ▼ | $2.35M ▼ | $0 | $-3.47M ▲ |
| Q2-2025 | $9.64M ▲ | $-9.43M ▼ | $-24.25K ▼ | $7.49M ▲ | $0 | $-9.43M ▼ |
| Q1-2025 | $-9.64M | $-8.9M | $-16.24K | $7.18M | $0 | $-8.9M |
What's strong about this company's cash flow?
The cash burn rate has improved, dropping from $9.4M to $3.5M this quarter. No new debt or dilution occurred, so the capital structure is unchanged.
What are the cash flow concerns?
VSAI has no cash left, continues to burn millions each quarter, and depends on outside funding to keep operating. If new funding dries up, the company cannot continue.
5-Year Trend Analysis
A comprehensive look at VERSES AI Inc. Common Stock's financial evolution and strategic trajectory over the past five years.
VSAI’s primary strengths lie in its differentiated AI technology, high-caliber scientific backing, and ambitious vision for intelligent agents and the Spatial Web. Early proofs of concept, benchmark results, and partnerships with recognizable organizations add credibility to its approach. The capital-light profile to date and absence of formal debt also reduce some traditional financial burdens, at least in terms of interest costs.
The main risks are financial fragility and commercialization uncertainty. The company has no revenue, negative gross profit, heavy reliance on external financing, minimal liquidity, and negative equity, all of which create meaningful going-concern risk. On the business side, it faces intense competition from far larger AI firms, and there is no clear evidence yet that early technical success will translate into broad, recurring customer adoption. Accounting gaps, such as the lack of visible R&D spending despite a research-heavy strategy, add another layer of uncertainty.
The outlook is highly binary and execution-driven. If VSAI can secure sufficient funding, successfully launch and scale its Genius platform, and turn its innovation and partnerships into paying, repeat business, it could emerge as a notable specialist in enterprise and agentic AI. If funding access tightens or commercialization lags, the current financial weaknesses could significantly constrain its ability to realize that vision. For now, the company sits at an early, high-uncertainty stage where technological promise is clear, but financial and commercial validation is still ahead.
About VERSES AI Inc. Common Stock
https://www.verses.ai/geniusA cognitive computing company building next‑generation intelligent software systems modeled on nature‑inspired principles. Offers tools for ML practitioners to model dynamic systems and generate autonomous intelligent agents.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $417.93K ▲ | $5.53M ▼ | $-5.48M ▲ | -1.31K% ▲ | $-2.94 ▲ | $-5.48M ▲ |
| Q2-2025 | $100.7K ▼ | $9.65M ▲ | $-9.87M ▼ | -9.8K% ▼ | $-6.22 ▼ | $-9.87M ▼ |
| Q1-2025 | $300K | $2.67M | $-9.64M | -3.21K% | $-1.1 | $-2.56M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $0 | $2.29M ▼ | $15.49M ▲ | $-13.2M ▼ |
| Q2-2025 | $0 | $3.64M ▼ | $12.96M ▼ | $-9.32M ▲ |
| Q1-2025 | $0 | $4.98M | $15.65M | $-10.66M |
What's financially strong about this company?
There is no debt, and no goodwill or intangible assets that could be written down. All assets are tangible.
What are the financial risks or weaknesses?
The company has no cash, cannot cover its bills, and owes far more than it owns. Equity is deeply negative and the gap is widening each quarter.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 ▼ | $-3.47M ▲ | $-24.8K ▼ | $2.35M ▼ | $0 | $-3.47M ▲ |
| Q2-2025 | $9.64M ▲ | $-9.43M ▼ | $-24.25K ▼ | $7.49M ▲ | $0 | $-9.43M ▼ |
| Q1-2025 | $-9.64M | $-8.9M | $-16.24K | $7.18M | $0 | $-8.9M |
What's strong about this company's cash flow?
The cash burn rate has improved, dropping from $9.4M to $3.5M this quarter. No new debt or dilution occurred, so the capital structure is unchanged.
What are the cash flow concerns?
VSAI has no cash left, continues to burn millions each quarter, and depends on outside funding to keep operating. If new funding dries up, the company cannot continue.
5-Year Trend Analysis
A comprehensive look at VERSES AI Inc. Common Stock's financial evolution and strategic trajectory over the past five years.
VSAI’s primary strengths lie in its differentiated AI technology, high-caliber scientific backing, and ambitious vision for intelligent agents and the Spatial Web. Early proofs of concept, benchmark results, and partnerships with recognizable organizations add credibility to its approach. The capital-light profile to date and absence of formal debt also reduce some traditional financial burdens, at least in terms of interest costs.
The main risks are financial fragility and commercialization uncertainty. The company has no revenue, negative gross profit, heavy reliance on external financing, minimal liquidity, and negative equity, all of which create meaningful going-concern risk. On the business side, it faces intense competition from far larger AI firms, and there is no clear evidence yet that early technical success will translate into broad, recurring customer adoption. Accounting gaps, such as the lack of visible R&D spending despite a research-heavy strategy, add another layer of uncertainty.
The outlook is highly binary and execution-driven. If VSAI can secure sufficient funding, successfully launch and scale its Genius platform, and turn its innovation and partnerships into paying, repeat business, it could emerge as a notable specialist in enterprise and agentic AI. If funding access tightens or commercialization lags, the current financial weaknesses could significantly constrain its ability to realize that vision. For now, the company sits at an early, high-uncertainty stage where technological promise is clear, but financial and commercial validation is still ahead.

CEO
Gabriel René

