VS Trust — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that VS Trust filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($623.54M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($25.41M) | Mar 31, 2026 |
| FY2022 | Dec 31, 2022 | ($60.70M) | Mar 28, 2023 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($54.6K) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $364.3K | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($2.38M) | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | ($1.93M) | Mar 29, 2024 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($542.09M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($329.42M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($201.22M) | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | ($232.04M) | Mar 29, 2024 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $551.04M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $509.80M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $205.09M | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | $174.57M | Mar 29, 2024 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.72M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $21.96M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $10.37M | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | $2.71M | Mar 29, 2024 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $543.32M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $487.84M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $194.72M | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | $171.87M | Mar 29, 2024 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($883.06M) | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | ($259.53M) | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | ($234.12M) | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | ($60.70M) | Mar 29, 2024 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $124.78M | Mar 31, 2026 |
| FY2025 | Dec 31, 2024 | $1.19M | Mar 31, 2026 |
| FY2024 | Dec 31, 2023 | $5.03M | Mar 28, 2025 |
| FY2023 | Dec 31, 2022 | $504.6K | Mar 29, 2024 |