Verses AI Inc.
VRSSFdata completeness 63%2 fiscal years on fileData notes: no data for concept 'cash'; no data for concept 'epsDiluted'
i. The business — what you’d actually own
| Figure | FY 2024 | FY 2025 |
|---|---|---|
| Revenue | $1.97M1 | $155,0001 |
| Net income | −$52.1M2 | −$43M2 |
| Operating cash flow | −$29.6M3 | −$33.1M3 |
| Capital expenditure | $185,1554 | $30,5794 |
| Free cash flow (derived) | −$29.8M3 | −$33.1M3 |
| Total debt | $2M5 | — |
| Cash & equivalents | — | — |
| Diluted shares | — | — |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
iii. Is this a good business?
Moat signal · return on equity
— avg · 2y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
— shares · 2y
Total debt has held roughly steady.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
iv. What it’s worth —
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K · period ending 2024-03-31 · accession 0001641172-25-019545 (Revenues)
- 10-K · period ending 2024-03-31 · accession 0001641172-25-019545 (NetIncomeLoss)
- 10-K · period ending 2024-03-31 · accession 0001641172-25-019545 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-03-31 · accession 0001641172-25-019545 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-03-31 · accession 0001641172-25-019545 (DebtCurrent)