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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
VERSES
VERSES (VERS) investor relations material
VERSES Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Feb, 2026
Executive summary
Revenue for the quarter ended December 31, 2025 was $417,932, up from $0 in the prior year, driven by Genius Platform customer contracts and subscriptions.
Net loss for the quarter was $5.48 million, a 67% improvement from $16.81 million in the prior year, mainly due to lower non-cash share-based payment expenses and reduced investor relations costs.
The company launched its flagship Genius platform in April 2025, targeting financial institutions and asset managers, and plans to expand into other sectors.
Significant management changes occurred in February 2026, including the resignation of the CEO and President Emeritus, and the appointment of an interim CEO.
Quarterly and nine-month results for the period ended December 31, 2025, have been filed with the SEC and will be discussed in an upcoming earnings call.
Financial highlights
Quarterly revenue: $417,932 (Q4 2024: $0); nine-month revenue: $818,632 (prior year: $155,000).
Gross profit for the quarter: $125,380 (30% margin); nine months: $271,529 (33% margin).
Operating expenses for the quarter: $5.53 million, down 58% year-over-year; nine months: $25.18 million, down 26%.
Net loss for the quarter: $5.48 million (Q4 2024: $16.81 million); nine months: $24.98 million (prior year: $34.27 million).
Cash at period end: $67,954 (March 31, 2025: $4.82 million); working capital deficit: $8.04 million.
Outlook and guidance
The company expects continued negative operating cash flow as it invests in R&D and commercialization, with research and development remaining the largest expense.
Management plans to fund operations through additional equity and debt financings, but there is substantial doubt about the company's ability to continue as a going concern without new capital.
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Next VERSES earnings date
Q4 202629 Jun, 2026
VERSES
Next VERSES earnings date
Q4 202629 Jun, 2026
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VERSES AI Inc is a Canadian technology company focused on spatial computing and artificial intelligence. It develops software platforms that enable contextualized data interaction and dynamic digital environments using AI, knowledge graphs, and 3D simulation. The company's solutions are used in sectors such as logistics, smart cities, and industrial automation. It is headquartered in Vancouver, British Columbia, and its shares are listed on the NEO.
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