VRSSF (VERSES AI) Beneish M-Score: -10.10 (As of Jun. 24, 2026)

What is VERSES AI Beneish M-Score?

VERSES AI VRSSF -26.19% 29 Beneish M-Score is -10.10 as of Jun. 24, 2026. GuruFocus rates VRSSF with a GF Score™ of 29/100 and a GF Value™ of $5.93 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,633 Software companies, VERSES AI ranks better than 98.4% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -10.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for VERSES AI's Beneish M-Score or its related term are showing as below:

VRSSF' s Beneish M-Score Range Over the Past 10 Years
Min: -31.12 Med: -8.53 Max: 1359.9
Current: -10.1

During the past 4 years, the highest Beneish M-Score of VERSES AI was 1359.90. The lowest was -31.12. And the median was -8.53.

VERSES AI Beneish M-Score Related Terms

VERSES AI Beneish M-Score Historical Data

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The historical data trend for VERSES AI's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VERSES AI Beneish M-Score Chart

VERSES AI Annual Data

Trend

Mar22

Mar23

Mar24

Mar25

Beneish M-Score

0.00

-31.12

-10.30

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
Beneish M-Score	Get a 7-Day Free Trial														0.00	-10.30	-11.94	-13.19	-10.10

VRSSF vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, VERSES AI's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VERSES AI Beneish M-Score vs Software Industry

For the Software industry and Technology sector, VERSES AI's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where VERSES AI's Beneish M-Score falls into.

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29GF Score

VERSES AI Inc VRSSF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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VERSES AI Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of VERSES AI for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.4163

0.528 * -0.199

0.404 * 0.1299

0.892 * 1.1023

0.115 * 1.1983

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.5656

4.679 * -1.329258

0.327 * 1.2521

-10.11

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $0.93 Mil.
Revenue was 0.418 + 0.101 + 0.3 + 0 = $0.82 Mil.
Gross Profit was 0.125 + 0.03 + 0.116 + -0.487 = $-0.22 Mil.
Total Current Assets was $2.10 Mil.
Total Assets was $2.29 Mil.
Property, Plant and Equipment(Net PPE) was $0.12 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $13.47 Mil.
Total Current Liabilities was $15.35 Mil.
Long-Term Debt & Capital Lease Obligation was $0.14 Mil.
Net Income was -5.477 + -9.867 + -9.639 + -8.718 = $-33.70 Mil.
Non Operating Income was -0.18 + -0.256 + 0.175 + -0.28 = $-0.54 Mil.
Cash Flow from Operations was -3.465 + -9.546 + -8.777 + -8.328 = $-30.12 Mil.

Total Receivables was $2.02 Mil.
Revenue was 0 + 0.155 + 0 + 0.588 = $0.74 Mil.
Gross Profit was 0 + 0.01 + 0 + 0.029 = $0.04 Mil.
Total Current Assets was $3.74 Mil.
Total Assets was $5.11 Mil.
Property, Plant and Equipment(Net PPE) was $0.16 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.20 Mil.
Selling, General, & Admin. Expense(SGA) was $21.61 Mil.
Total Current Liabilities was $27.44 Mil.
Long-Term Debt & Capital Lease Obligation was $0.14 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(0.926 / 0.819)	/	(2.018 / 0.743)
	=	1.130647	/	2.716016
	=	0.4163

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(0.039 / 0.743)	/	(-0.216 / 0.819)
	=	0.05249	/	-0.263736
	=	-0.199

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (2.1 + 0.12) / 2.29)	/	(1 - (3.744 + 0.16) / 5.106)
	=	0.030568	/	0.235409
	=	0.1299

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	0.819	/	0.743
	=	1.1023

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(0.203 / (0.203 + 0.16))	/	(0.105 / (0.105 + 0.12))
	=	0.559229	/	0.466667
	=	1.1983

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(13.474 / 0.819)	/	(21.613 / 0.743)
	=	16.45177	/	29.088829
	=	0.5656

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0.141 + 15.347) / 2.29)	/	((0.139 + 27.441) / 5.106)
	=	6.763319	/	5.401488
	=	1.2521

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-33.701 - -0.541	-	-30.116)	/	2.29
	=	-1.329258

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

VERSES AI has a M-score of -10.11 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -10.10 mean?

VERSES AI (VRSSF) has a Beneish M-Score of -10.10 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on VERSES AI and its competitors. According to the industry distribution chart, VERSES AI ranks #42 out of 2633 companies in the Software industry, placing it in the top 1.6%.

Is VERSES AI's Beneish M-Score too high?

VERSES AI's current Beneish M-Score is -10.10. Based on the distribution chart, VERSES AI ranks #42 out of 2633 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, VERSES AI has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does VERSES AI's Beneish M-Score compare to MSFT and ORCL?

According to the Software industry distribution chart, VERSES AI ranks #42 out of 2633 companies for Beneish M-Score. This places VERSES AI in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Beneish M-Score for a Software company?

A good Beneish M-Score depends on the Software industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Beneish M-Score mean?

A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on VERSES AI and its competitors. VERSES AI's current Beneish M-Score is -10.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is VERSES AI stock overvalued right now?

Based on GuruFocus' analysis, VERSES AI (VRSSF) is currently considered Possible Value Trap. The stock's GF Value™ is $5.93, compared to a current price of $0.26 — trading 95.5% below its estimated fair value. The current Beneish M-Score is -10.10. VERSES AI's overall GF Score™ is 29/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Beneish M-Score calculated?

Beneish M-Score is calculated from a company's financial statements. For VERSES AI (VRSSF), the current Beneish M-Score is -10.10 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is VERSES AI (VRSSF) Overvalued in 2026?

Based on GuruFocus' analysis, VERSES AI stock appears to be undervalued. The current stock price of $0.26 is trading 95.5% below its estimated GF Value™ of $5.93. GuruFocus considers VERSES AI to be Possible Value Trap.

Key valuation signals for VRSSF:

Beneish M-Score: -10.10
GF Value™: $5.93 vs. price of $0.26 (95.5% below fair value)
GF Score™: 29/100 with 5 warning signs

No single metric tells the full story. See the VRSSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

VERSES AI Business Description

Industry Technology Software

Comparable Companies TSXV:XTAO.U TSXV:TTGI XCNQ:KAS TSXV:NBVA TSXV:JSPX XCNQ:ENCR XCNQ:BVCI TSXV:PLUR XCNQ:PAI XCNQ:URAI MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV

Other Exchanges M130:Germany VERS:Canada

Address 1111 West Hastings Street, 15th Floor, Vancouver, BC, CAN, V6E 2J3

Website https://www.verses.ai

VERSES AI Inc is a cognitive computing company building next-generation intelligent software systems modeled after the wisdom and genius of Nature. Designed around first principles found in science, physics and biology, its flagship product, Genius, is a suite of tools for machine learning researchers and engineers to model complex dynamic systems and generate autonomous intelligent agents that continuously reason, plan, and learn. Imagine a Smarter World that elevates human potential through technology inspired by Nature.

29GF Score

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$0.26

Price

$5.93

GF Value

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