VERSES AI Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	0.07	4.82	0.89	4.4	6.37	0.14
Short-Term Investments	-	0.01	0.06	0.06	0.08	-
Cash & Short-Term Investments	0.07	4.83	0.95	4.46	6.45	0.14
Cash Growth	-92.34%	406.89%	-78.63%	-30.88%	4634.83%	3031.83%
Accounts Receivable	0.16	-	1.35	1.39	1.55	0.01
Other Receivables	0.76	0.6	0.37	0.81	0.21	0.01
Receivables	0.93	0.6	1.73	2.2	1.76	0.02
Inventory	-	0.01	-	-	-	-
Prepaid Expenses	1.11	0.63	0.73	1.38	0.28	0.02
Restricted Cash	-	-	-	-	0.09	0.74
Other Current Assets	-	0.12	0.08	-	-	-
Total Current Assets	2.1	6.18	3.5	8.04	8.58	0.91
Property, Plant & Equipment	0.12	0.13	0.27	0.34	0.45	-
Other Long-Term Assets	0.07	-	-	0.26	-	-
Total Assets	2.29	6.38	3.83	8.64	9.03	0.91
Accounts Payable	3.14	1.93	2.78	1.18	0.54	0.89
Accrued Expenses	0.08	0.15	0.08	0.07	0.08	0.28
Short-Term Debt	1.83	-	2	4.91	-	1.59
Current Portion of Leases	-	-	-	0.11	0.12	-
Current Unearned Revenue	0.04	0.17	-	0.07	0.33	0.63
Other Current Liabilities	10.25	12.86	10.5	1.33	1	3.11
Total Current Liabilities	15.35	15.11	15.36	7.66	2.06	6.5
Long-Term Debt	0.14	0.14	0.14	0.14	0.15	0.55
Long-Term Leases	-	-	-	-	0.11	-
Total Liabilities	15.49	15.25	15.5	7.8	2.31	7.05
Common Stock	118.58	105.48	62.47	30.26	20.38	0
Additional Paid-In Capital	23.37	15.89	13.34	5.61	1.58	-
Retained Earnings	-154.55	-129.56	-86.57	-34.48	-15.02	-6.14
Comprehensive Income & Other	-0.6	-0.68	-0.92	-0.55	-0.23	-
Shareholders' Equity	-13.2	-8.87	-11.68	0.84	6.72	-6.14
Total Liabilities & Equity	2.29	6.38	3.83	8.64	9.03	0.91
Total Debt	1.97	0.14	2.14	5.16	0.37	2.14
Net Cash (Debt)	-1.91	4.69	-1.19	-0.7	6.08	-2
Net Cash Per Share	-0.17	0.60	-0.33	-0.17	2.11	-0.86
Filing Date Shares Outstanding	12.68	8.75	5.56	2.82	1.87	0.37
Total Common Shares Outstanding	12.62	7.83	3.58	2.44	1.87	0.37
Working Capital	-13.25	-8.92	-11.87	0.38	6.51	-5.59
Book Value Per Share	-1.05	-1.13	-3.27	0.35	3.60	-16.57
Tangible Book Value	-13.2	-8.87	-11.68	0.84	6.72	-6.14
Tangible Book Value Per Share	-1.05	-1.13	-3.27	0.35	3.60	-16.57
Machinery	-	0.58	0.55	0.37	0.25	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.