<div><div></div><div><span><p><span>Versus Systems Inc. reported first-quarter 2026 results showing a sharp revenue decline and a narrower net loss versus the prior-year quarter, reflecting a drop in one-time consulting revenue and reduced operating costs.</span></p><p><strong><span>Financial Highlights</span></strong></p><div><table><tbody><tr><td><span>Metric</span></td><td><span>Current quarter</span></td><td><span>Prior year quarter</span></td><td><span>YoY change</span></td></tr><tr><td><span>Revenue¹</span></td><td><span>$17.3K</span></td><td><span>$199.35K</span></td><td><span>(91.3%)</span></td></tr><tr><td><span>Net income²</span></td><td><span>($683.2K)</span></td><td><span>($961.75K)</span></td><td><span>29%</span></td></tr><tr><td><span>Diluted EPS³</span></td><td><span>($0.14)</span></td><td><span>($0.2)</span></td><td><span>30%</span></td></tr></tbody></table></div><p><em><span>¹ Reported as “Revenues”. ² Reported as “Net loss attributable to Versus Systems, Inc. Shareholders”. ³ Reported as “diluted earnings per share to shareholders”.</span></em></p><p><strong><span>Business Highlights</span></strong></p><ul><li><span>Revenue fell 91% year-over-year to $17.3K in Q1 2026, driven primarily by the loss of one-time ASPIS consulting revenue.</span></li><li><span>Business is now concentrated on legacy Xcite products and licensing of Winfinite/FFC to sports and media partners.</span></li><li><span>Only four active customers as of March 31, 2026, with continued engagements including the Texas Rangers and prior ASPIS involvement.</span></li><li><span>Product focus includes Winfinite games, FFC AR filters, and newly allowed AI/ML patent claims that could support future opportunities.</span></li><li><span>Operating expenses declined about 38% year-over-year due to reduced headcount and lower stock-based compensation, improving cash from operations.</span></li></ul><p><span>Original SEC Filing: </span>Versus Systems Inc. [ VS ] - 10-Q - May. 15, 2026</p><section><b><span class="heading-JaE7wgR2">Disclaimer</span></b><div><span>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</span></div></section></span></div></div>

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<p>Versus Systems Inc. reported a 91% revenue decline to $17.3K in Q1 2026, with a narrower net loss of $683.2K compared to $961.75K in the prior year. The drop was attributed to the loss of one-time consulting revenue. Operating expenses decreased by 38%, improving cash from operations. The company now focuses on legacy products and has only four active customers, including the Texas Rangers.</p>

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Versus Systems

Global X Video Games & Esports ETF

VanEck Video Gaming and eSport ETF

Wedbush ETFMG Video Game Tech ETF

VanEck Gaming ETF

VERSUS SYSTEMS INC C/WTS 20/01/2026(TO PUR COM) A

Versus Systems Inc. 1Q 2026: Revenue $17.3K, EPS ($0.14) — 10-Q Summary