Verses AI Inc.
verses.aiWhat Do They Do?
Offers an enterprise intelligence software platform and developer tools for machine-learning and data-science professionals building domain-specific prediction models.
10-K for FY2025, filed Jul 14, 2025
How Do They Make Money?
Customers pay for software licenses, implementation and customization work, and consulting; software and completed proof-of-concept projects are charged at delivery, customization is charged as work is done or after installation and acceptance, and SaaS access is charged over the contract term.
10-K for FY2025, filed Jul 14, 2025The Company’s revenue is primarily derived from licensing its applications to customers, providing customization to its core software and…View ↗
Revenue from software arrangements that provide the Company’s customers with the right to use the software without any significant…View ↗
Revenue from Software as a service (“SaaS”) arrangements provide the Company’s customers with the right to access a cloud-based environment…View ↗
Includes revenues from completed Proof of Concept contracts (“POCs”) and software implementation services.View ↗
$155K
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10-K for FY2025, filed Jul 14, 2025
$155K ↗
Who Are Their Customers?
The company targets enterprise machine-learning and data-science teams and developers. Sales opportunities come through enterprise and channel-partner relationships, with domain experts, consultants and resellers supporting implementations.
10-K for FY2025, filed Jul 14, 2025On April 30, 2025, we announced the launch of our flagship product, Genius, which is designed to enable agentic intelligence for…View ↗
Genius: In order to demonstrate the versatility and broad applicability of what we believe is Genius’ unique value proposition – adaptive…View ↗
Our sales team focuses on new sales opportunities mostly within our enterprise and channel partner ecosystem.View ↗
Do Revenues Turn Into Profits?
No. It lost $43M in FY2025.
10-K for FY2025, filed Jul 14, 2025
−$41.8MView ↗
10-K for FY2025, filed Jul 14, 2025
−$43MView ↗
10-K for FY2025, filed Jul 14, 2025
−$33.1MView ↗
How Are They Changing?
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Jul 6, 2026
The CFO and interim CEO resigned
The CFO resigned from all company and subsidiary positions, and the interim CEO resigned while remaining a director.
Sources
8-K, filed Jul 6, 2026
On June 26, 2026, James Christodoulou, the Chief Financial Officer of Verses AI Inc. (the “Company”) informed the Company’s Board of…View ↗
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Jun 22, 2026
The company decided to stop AI operations and pursue alternatives
It said it would cease AI research, development and related spending while evaluating other business opportunities.
Sources
8-K, filed Jun 22, 2026
VANCOUVER, British Columbia – June 18, 2026 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE:VERS) (OTCQB:VRSSD) (“VERSES’’ or the “Company”), a…View ↗
Who Do They Compete With?
Competes with Scale AI, OpenAI, Anthropic, Cohere, C3 AI, and Mistral
10-K for FY2025, filed Jul 14, 2025The markets in which we operate are competitive and evolving rapidly. Genius directly or indirectly competes in a number of categories…View ↗
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