Verses Ai Inc · NEO:VERS
Verses Ai — 9M ended Dec 31, 2025 Earnings Presentation
25 slides from Verses Ai's earnings presentation, Feb 24, 2026
Slide 1: Earnings Presentation: Period Ending 31st December 2025
Earnings Presentation: Period Ending 31st December 2025 24-February-2026 OTCQB:VRSSF CBOE:VERS ©2026 VERSES AI, INC Confidential and Proprietary. 1
Slide 2: Forward Looking Information Disclaimer
Forward Looking Information Disclaimer This presentation contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, “forward-looking statements”). Forward-looking statements can be identified by the use of words such
Slide 3: James Christodoulou
James Christodoulou ● Chief Financial Officer, March 2025 ● Private equity & Wall Street background ● CEO, President, CFO of several private and public companies (NYSE, NASDAQ) ● CFO responsible for multiple IPOs on NYSE and NASDAQ ● Helped create billions of dollars of shareholder value ● As CEO pe
Slide 4: Financial Statement Review
Financial Statement Review Balance sheet Cash expense analysis 12-Months Ending Mar 31, 2025 3-Months Ending Dec 31, 2024/25 9-Months Ending Dec 31, 2025 9-Months Ending Dec 31, 2024/25 Income statement Statement of cash flows 3-Months Ending Dec 31, 2024/25 12-Months Ending Mar 31, 2025 9-Months En
Slide 5: Balance Sheet
Balance Sheet 12 months ended March 31, 2025 & 9-months ended December 31, 2025 5
Slide 6: Statement Of Cash Flows
Statement Of Cash Flows 12 months ended March 31, 2025 & 9-months ended December 31, 2025 6
Slide 7: Income Statement
Income Statement 12 months ended March 31, 2025 & 9-months ended December 31, 2025 7
Slide 8: Cash Expense Analysis
Cash Expense Analysis 3 and 9-months ending December 31, 2024/2025 8
Slide 9: Cash Expense Analysis
Cash Expense Analysis 3 and 9-months ending December 31, 2024/2025 ● Stable, deliberate, and predictable cost structure ● Cost structure resembles software company economics with profits scaling geometrically as revenue exceeds development and fixed costs overhead costs 9
Slide 10: Revenue, Cash Expense, Cash Flow Analysis
Revenue, Cash Expense, Cash Flow Analysis 10
Slide 11: Income Statement By Quarter
Income Statement By Quarter 11
Slide 12: Quarterly Revenue & Gross Margin Analysis
Quarterly Revenue & Gross Margin Analysis ($ & %) ● Loss leader project provided important information and supported other R&D and project development efforts ● Ongoing revenue generates positive Gross Margin ● Gross Margin projected to increase as Revenue grows enjoying similar economics of other s
Slide 13: Quarterly Cash Expense Analysis ($ & %)
Quarterly Cash Expense Analysis ($ & %) 13
Slide 14: R&D dollar spend decreases post-Genius release
● R&D dollar spend decreases post-Genius release as broad R&D efforts shift to focused, later-stage improvement and optimization ● R&D percentage increases as less critical expenses are eliminated ● Personnel dollar spend decreases post-Genius release ○ Non-core staff are eliminated ○ Efforts focus
Slide 15: IR&M dollar spend at high levels in preparation for Genius release
● IR&M dollar spend at high levels in preparation for Genius release and Uplisting initiative ○ Create investor awareness ○ Educate market about Genius technology ● Consulting Fees peak due to one-time costs associated with fund raising, Uplisting initiative, converting to US GAAP, and becoming a US
Slide 16: Grouped Overhead
● Grouped Overhead increases due to costs associated with our Uplisting initiative, converting to US GAAP, becoming a US SEC reporting company, periodic audit fees, legal fees associated with Grouped Overhead Company filings Legal, Office & General, Rent, Accounting & Audit, Board Fees, and Travel 1
Slide 17: Average Monthly Cash Expense Analysis By Quarter
Average Monthly Cash Expense Analysis By Quarter ● Costs increase in periods leading up to release of Genius and Uplisting initiative ● Costs decrease after Genius release and corporate reorganization ○ Reduced cost and increased focus on core research and development, technology and marketing 17
Slide 18: Summary Cash Flow
Summary Cash Flow 18
Slide 19: Quarterly Cash Flow
Quarterly Cash Flow BeginingCash Net cash used in operating activities Net cash used in investing activities Net cash provided by financing activities Foreign exchange effect on cash TOTAL Cash Flow Cash, end of the period In $1,000's Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 892.7 9,798.8 2,
Slide 20: Monthly Burn Rate & Staff Cost Allocation
Monthly Burn Rate & Staff Cost Allocation 20
Slide 21: Average Monthly Burn Rate And Staff Allocation For Quarter
Average Monthly Burn Rate And Staff Allocation For Quarter 21
Slide 22: 2025 Timeline
2025 Timeline 22
Slide 23: Calendar 2025 Timeline
Calendar 2025 Timeline Sorbie Agreement On November 01, 2025, Company also sold 2,333,334 Units consisting of one Class A share and one warrant in exchange for a contingent receivable with a notional amount of $9,917,600. Under the terms of the Agreement, Sorbie will provide the Company with 11 peri
Slide 24: Questions
Questions 24
Slide 25: Next Call - March 10, 2026, 1pm ET
Next Call -March 10, 2026, 1pm ET Agenda 1. Business update 2. Technology update 3. Q&A - including answers to any questions we have not been able to answer this wek 25
VERSES AI — 9M ended Dec 31, 2025 Earnings Presentation on 6ix