| 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) | −$29.8M3,4 | −$33.1M3,4 |
| 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). A derived or summed figure cites every filing line it was built from.
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →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.
Different models answer different questions — which to trust when →
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Connect the MeritValue MCP server to Claude or another MCP client, ask about Verses AI Inc., and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow VRSSF and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 10-K filed 2025-07-14 · periods ending 2024-03-31, 2025-03-31 · accession 0001641172-25-019545 (Revenues)
- 10-K filed 2025-07-14 · periods ending 2024-03-31, 2025-03-31 · accession 0001641172-25-019545 (NetIncomeLoss)
- 10-K filed 2025-07-14 · periods ending 2024-03-31, 2025-03-31 · accession 0001641172-25-019545 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2025-07-14 · periods ending 2024-03-31, 2025-03-31 · accession 0001641172-25-019545 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2025-07-14 · period ending 2024-03-31 · accession 0001641172-25-019545 (DebtCurrent)