Versus Systems (VS)
Venue engagement, web games, and rewards technology for brands and content owners.
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Sells augmented-reality fan engagement, web games, rewards, and licensed gamification technology to venues, brands, and content owners through enterprise contracts. Its revenue combines software and services with functional licenses recognized on delivery, making a related commercial counterparty central to its recent model.
Combines augmented-reality venue tools, embeddable games, rewards, and licensable gamification technology for brands and content owners. Filter Fan Cam places branded filters, overlays, games, and effects on venue screens; Winfinite and Winfinite Games support interactive advertising, loyalty, data collection, and customized web games. XEO adds live-event polling, trivia, casual games, and audience expression.
Operates as a distributed U.S. organization with a contractor-based sales presence in Brazil, while selling through customer-specific enterprise relationships. Revenue comes from software licenses, SaaS access, professional services, and advertising, while functional licenses can be recognized when delivered. Operations depend heavily on one related commercial counterparty, contractor and partner capacity, platform placement, and compliance with prize, privacy, and child-protection rules.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.4M · Total debt $0 · Total assets $4.3M · Shareholders' equity $11.8M
- Revenue
- $1.5M
- Operating income
- $594.3K
- Net income
- $473.3K
No dividends on record.
4.90M company shares as of Aug 21, 2026 · holders as of their latest filing
Two share counts disagree (6.21M in the company's Sep 22, 2026 report, 4.90M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Bigger Capital Fund, LPStrategic | —0.00% of class, as filed | — | filed Mar 7, 2022 |
CVI Investments, Inc.Strategic | —7.80% of class, as filed | — | filed Feb 9, 2023 |
Cronus Equity Capital Group LLCStrategic | —40.00% of class, as filed | — | filed Dec 7, 2023 |
L1 Capital Global Opportunities Master Fund, Ltd.Institution | —9.90% of class, as filed | — | filed Oct 24, 2023 |
Lind Global Fund II LPInstitution | —9.90% of class, as filed | — | filed Oct 20, 2023 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Unity Software
Rewarded offerwalls overlap with gamified advertising and prizes.
- PayPal
Coupons and rewards overlap with branded engagement campaigns.
- Skillz
Skill games and prizes overlap with casual-game engagement.
- DraftKings
Paid fantasy sports overlap with sports-fan games and prizes.
- Flutter Entertainment
FanDuel contests overlap with sports-fan engagement and prizes.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Versus Systems | $1.08 | 0.00% | $5.3M | — | — | 3.5 | −24.4% |
| Unity Software | $43.21 | −0.01% | $18.86B | — | 49.9 | 9.3 | +23.9% |
| PayPal | $54.99 | +4.50% | $45.01B | 9.9 | 9.9 | 1.3 | +4.8% |
| Skillz | $8.84 | +6.25% | $138.0M | — | — | 1.2 | +29.9% |
| DraftKings | $23.14 | +5.33% | $10.90B | — | 29.5 | 1.8 | −4.6% |
| Flutter Entertainment | $90.98 | +4.74% | $15.07B | — | 14.6 | 0.9 | +3.3% |
| Median | 9.9 | 22.0 | 1.3 | +4.8% |