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What Do They Do?

Develops enobosarm for people with obesity taking weight-loss drugs and sabizabulin for people with atherosclerotic cardiovascular disease.

How Do They Make Money?

revenue
SegmentShareRevenue
FC2 Female Condom
100%
Product and Service, Other
0.0%

Do Revenues Turn Into Profits?

No. It lost $37.8M in FY2024.

Operating income, FY2024
−214% of revenue
▼ −61% (Loss) vs FY2023 (−$93.8M, −575%)
Net income, FY2024
−224% of revenue
▼ −59% (Loss) vs FY2023 (−$93.2M, −572%)
Free cash flow, FY2024
−129% of revenue
▼ −75% (Loss) vs FY2023 (−$88.7M, −544%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Jun 30, 2026
Net income
▼ −5% (Loss)
vs −$7.3M in Q3 FY2025
  • Sep 8, 2026 Veru redirects sabizabulin toward drug-resistant pancreatic cancer It plans a Phase 2 trial for metastatic pancreatic cancer resistant to daraxonrasib and will stop pursuing cardiovascular inflammation.

Shrinking. Revenue fell 60% in 4 years, from $42.6M in FY2020 to $16.9M in FY2024, about 21% a year.

Therapeutic focus The older report covered COVID-related illness, breast and prostate cancers, and sexual health; the latest focuses on obesity and cardiovascular and inflammatory diseases.

Commercial product sale The older report listed the female condom among approved products and aimed to grow sexual health; the latest says it sold that business and focuses on drug development.

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