VRSSF Research | Milton Maxwell

VRSSF

VERSES AI Inc.

2.2000

+0.0200+0.92%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

27.74M

P/E (TTM)

Basic EPS (TTM)

-14.69

Dividend Yield

Recent Filings

8-K

Q3 results: R&D up, burn down

2/25/26Feb 25, 2026

VERSES AI hosted an earnings call on February 24, 2026, reviewing Q3 financials for periods ended December 31, 2025. R&D expenses rose 11% to $334K in the quarter, while IR/marketing plunged 86% as funds shifted to product development; burn rate dropped 40% post-Genius release. Staff cut to 59 average, targeting 21 this quarter. Restructuring sharpens commercialization focus.

8-K

10-Q filed, call set

2/23/26Feb 23, 2026

VERSES AI filed its 10-Q for the three and nine months ended December 31, 2025, on February 20, 2026, disclosing quarterly results. Management will review them on an earnings call February 24 at 1:00 PM ET. No financial figures released yet. Forward-looking statements carry inherent risks.

8-K

Webinar on management changes

2/20/26Feb 20, 2026

Verses AI hosted a webinar on February 18, 2026, discussing recent management changes and the company's current state. Transcript and presentation materials furnished as Exhibits 99.1 and 99.2. No financial details disclosed. Details not filed under securities laws.

10-Q

Q3 FY2026 results

2/20/26Feb 20, 2026

VERSES AI posted Q3 revenue of $417,932, up from zero a year ago, with gross profit at $125,380 (30% margin) versus none previously; nine-month revenue hit $818,632, up 428% y/y (derived), gross profit $271,529 (33% margin). Operating loss narrowed to $5.4M from $13.3M y/y, net loss $5.5M versus $16.8M, or $(0.47) per Class A share on 11.3M shares—EPS improved 82% y/y (derived) amid heavy R&D at 60% of cash expenses. Cash burned $21.8M YTD on operations (versus $24.8M prior), ending at $68K after $17M net financing; $1.8M convertible debentures (15%, due Dec 2027) added, revolver not disclosed. Legal claims weigh heavy. Cash is king here.

8-K

CEO resigns; interim named

2/12/26Feb 12, 2026

Verses AI Inc. saw CEO Gabriel Rene and President Emeritus Dan Mapes resign from all roles effective February 8, 2026, for personal reasons, with no disagreements noted. Board member David Scott, ex-AWS exec with 25+ years in tech leadership, stepped in as Interim CEO; CFO James Christodoulou took over as principal accounting officer after eliminating the CAO role. New focus: commercialize R&D into revenue, targeting financial services. Search for permanent CEO underway.

About

VERSES AI Inc., a cognitive computing company, engages in building system software in Canada. It focuses on developing Genius, an intelligence-as-a-service smart software platform that is designed to enable agentic intelligence for enterprises. The company was formerly known as Verses Technologies Inc. and changed its name to VERSES AI Inc. in March 2023. The company was incorporated in 2020 and is headquartered in Vancouver, Canada.

CEO

Mr. Gabriel Rene

IPO

8/12/2022

Website

https://www.verses.ai

Sector

Technology

Industry

Software - Infrastructure