Verses AI Inc. 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 VERSES AI INC. Securities registered pursuant to Section 12(b) of the Act:None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and ☐Accelerated filer☒Smaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of the issuer’s Class A Subordinate Voting Shares, without par value, outstanding at February 13, 2026 was 12,680,005. Table of Contents PART I - FINANCIAL INFORMATION ITEM 1.Financial Statements 4[Condensed Consolidated] Balance Sheets as of December 31, 2025 (Unaudited) and March 31, 20255[Condensed Consolidated] Statements of Operations for the Three and Nine Months Ended December 31, 2025 and 2024(Unaudited)6[Condensed Consolidated] Statements of Comprehensive Loss for the Three and Nine Months Ended December 31, 2025and 2024 (Unaudited)7[Condensed Consolidated Statements of Changes in Shareholders’ Equity] for the Three and Nine Months Ended CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INDUSTRY DATA This Quarterly Report on Form 10-Q contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Anystatements in this Quarterly Report on Form 10-Q about our expectations, beliefs, plans, objectives, assumptions or future events orperformance are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use ofwords or phrases such as “believe,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “plan” and “would.” For example, statementsconcerning financial condition, possible or assumed future results of operations, growth opportunities, industry ranking, plans and objectives of Any forward-looking statements are qualified in their entirety by reference to the risk factors discussed in this Quarterly Report on Form 10-Q.Some of the risks, uncertainties and assumptions that could cause actual results to differ materially from estimates or projections contained in ●the competitive and business strategies of the Company (as defined below);●the Company’s research roadmap and expectations regarding the Company’s development of artificial intelligence (“AI”);●the Company’s participation in AI benchmark challenges and expectations regarding the public release timeline of Genius (as definedherein);●market prices, values and other economic indicators;●receipt and timing of any required governmental, regulatory and third-party approvals, licenses and permits;●the performance of the Company’s business and operations;●the intention to grow the business, operations and potential activities of the Company;●the Company’s competitive positioning; Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions ofmanagement in light of management’s experience and perception of trends, current conditions and expected developments, as well as other ●possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses ofaction;●general economic, financial market, regulatory and political conditions in which the Company operates;●general demand and consumer interest in the Company’s products;●the competitive environment in which the Company operate;●the ability of the Company to grow its market share and the Company’s growth outlook;●anticipated and unanticipated costs that the Company may face;●estimated contracted revenue, revenue structures and revenue from operations;●there being no significant delays in the development and commercialization of Genius and other products and services;●the ability of