Financials in CAD. Standardized financial statements.
A compact view of how VersaBank turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $304.15M | $294.40M | $237.92M | $132.54M | $94.69M | $86.15M | $88.33M | $81.10M | $71.62M | $70.94M |
| Revenue Growth? | +3.3% | +23.7% | +79.5% | +40.0% | +9.9% | -2.5% | +8.9% | +13.2% | +1.0% | 0.0% |
| Cost of Revenue? | $183.93M | $182.50M | $129.89M | $50.60M | $28.89M | $31.63M | $34.11M | $29.75M | $27.66M | $32.13M |
| Gross Profit? | $120.23M | $111.63M | $108.03M | $81.94M | $65.80M | $54.53M | $54.22M | $51.35M | $43.97M | $38.81M |
| Gross Margin? | +39.5% | +37.9% | +45.4% | +61.8% | +69.5% | +63.3% | +61.4% | +63.3% | +61.4% | +54.7% |
| Operating Expenses? | $78.73M | $57.11M | $50.38M | $49.39M | $35.01M | $27.78M | $26.40M | $26.34M | $29.23M | $27.05M |
| Operating Income? | $41.49M | $54.79M | $57.65M | $32.55M | $30.79M | $26.75M | $27.82M | $25.01M | $14.73M | $11.76M |
| EBITDA? | $44.59M | $57.43M | $59.43M | $34.49M | $32.52M | $27.90M | $28.54M | $25.64M | $15.29M | $12.53M |
| Income Before Tax | $41.49M | $54.79M | $57.65M | $32.55M | $30.79M | $26.75M | $27.82M | $25.01M | $14.73M | $11.76M |
| Income Tax Expense | $13.04M | $15.04M | $15.48M | $9.89M | $8.41M | $7.35M | $7.63M | $6.94M | -$4.74M | $3.29M |
| Net Income? | $28.46M | $39.75M | $42.16M | $22.66M | $22.38M | $19.41M | $20.20M | $18.07M | $19.47M | $8.47M |
| EPS? | $0.90 | $1.49 | $1.57 | $0.79 | $0.96 | $0.82 | $0.85 | $0.75 | $0.83 | $0.32 |
| Diluted EPS? | $0.90 | $1.49 | $1.57 | $0.79 | $0.96 | $0.82 | $0.85 | $0.75 | $0.83 | $0.32 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality