Financial Snapshot

Revenue
$10.00M
TTM
Gross Margin
Net Earnings
-$93.45M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
322.85%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$32.22M
Q3 2024
Cash
Q3 2024
P/E
-2.615
Nov 29, 2024 EST
Free Cash Flow
-$109.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $0.00 $2.596M $2.053M $88.52M $17.46M $26.72M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 26.45% -97.68% 407.08% -34.67%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $0.00 $2.596M $2.053M $88.52M $17.46M $26.72M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $0.00 $0.00 $32.95M $1.240M $170.0K
Gross Profit $2.596M $2.053M $55.56M $16.22M $26.55M
Gross Profit Margin 100.0% 100.0% 62.77% 92.92% 99.37%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $30.73M $24.98M $24.12M $62.76M $101.2M $77.27M $21.38M $17.22M $17.63M $18.16M $15.47M $10.52M $3.820M $380.0K
YoY Change 23.04% 3.57% -61.57% -38.0% 30.99% 261.39% 24.16% -2.33% -2.92% 17.39% 47.05% 175.39% 905.26%
% of Gross Profit 962.06% 1174.62% 112.95% 624.0% 291.02%
Research & Development $61.36M $50.56M $39.35M $41.38M $45.78M $43.65M $46.42M $19.78M $40.57M $35.45M $25.93M $21.71M $9.883M $400.0K
YoY Change 21.36% 28.49% -4.9% -9.62% 4.88% -5.97% 134.68% -51.24% 14.44% 36.71% 19.43% 119.69% 2370.75%
% of Gross Profit 1947.53% 1916.56% 74.47% 282.23% 164.4%
Depreciation & Amortization $100.0K $100.0K $200.0K $500.0K $400.0K $1.000M $560.0K $670.0K $750.0K $430.0K $236.0K $207.0K $83.00K $0.00
YoY Change 0.0% -50.0% -60.0% 25.0% -60.0% 78.57% -16.42% -10.67% 74.42% 82.2% 14.01% 149.4%
% of Gross Profit 3.85% 9.74% 0.9% 2.47% 3.77%
Operating Expenses $92.08M $75.53M $63.46M $104.1M $147.0M $120.9M $67.80M $37.00M $58.20M $53.61M $41.40M $32.23M $13.70M $780.0K
YoY Change 21.91% 19.02% -39.06% -29.16% 21.57% 78.34% 83.24% -36.43% 8.56% 29.49% 28.46% 135.29% 1656.15%
Operating Profit -$92.08M -$72.94M -$61.41M -$49.36M -$132.3M -$94.78M -$41.40M -$32.23M -$13.70M
YoY Change 26.25% 18.77% 24.41% -62.7% 39.63% 28.46% 135.29%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $4.139M $2.137M $9.972M $15.79M $20.61M $5.810M $0.00 $560.0K $330.0K $240.0K $200.0K $250.0K $20.00K $0.00
YoY Change 93.68% -78.57% -36.86% -23.36% 254.7% -100.0% 69.7% 37.5% 20.0% -20.0% 1150.0%
% of Operating Profit
Other Income/Expense, Net -$109.0K $47.00K $0.00 -$1.313M -$641.0K $25.56M
YoY Change -331.91% -100.0% 104.84% -102.51%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income -$87.37M -$73.81M -$71.20M -$67.53M -$149.2M -$72.43M -$67.80M -$36.44M -$57.87M -$53.37M -$41.20M -$31.98M -$13.68M -$780.0K
YoY Change 18.36% 3.67% 5.43% -54.74% 105.99% 6.83% 86.06% -37.03% 8.43% 29.54% 28.83% 133.77% 1653.85%
Income Tax $0.00 $0.00 $194.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$87.37M -$73.81M -$71.20M -$67.73M -$149.2M -$72.43M -$67.80M -$36.44M -$57.87M -$53.37M -$41.20M -$31.98M -$13.68M -$780.0K
YoY Change 18.36% 3.67% 5.13% -54.61% 105.99% 6.83% 86.06% -37.03% 8.43% 29.53% 28.82% 133.75% 1654.23%
Net Earnings / Revenue -2843.3% -3468.1% -76.51% -854.77% -271.11%
Basic Earnings Per Share -$3.96 -$0.38 -$0.41 -$0.44 -$2.00 -$1.12
Diluted Earnings Per Share -$3.93 -$0.38 -$0.41 -$0.44 -$2.00 -$1.37 -$1.765M -$985.1K -$1.611M -$2.069M -$1.817M -$1.704M -$676.2K -$38.56K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $137.1M $87.89M $100.3M $141.2M $75.50M $249.7M $86.70M $80.90M $110.3M $92.70M $101.3M $56.60M $47.80M $3.600M
YoY Change 56.02% -12.33% -29.0% 87.02% -69.76% 188.0% 7.17% -26.65% 18.99% -8.49% 78.98% 18.41% 1227.78%
Cash & Equivalents $77.91M $74.93M $21.25M $67.80M $43.50M $129.9M $82.20M $32.30M $24.90M $33.90M $18.90M $10.10M $21.00M $3.600M
Short-Term Investments $59.22M $12.96M $79.00M $73.40M $32.00M $119.8M $4.500M $48.50M $85.40M $58.80M $82.40M $46.50M $26.90M $0.00
Other Short-Term Assets $6.553M $4.945M $4.968M $3.500M $3.800M $3.000M $1.100M $200.0K $400.0K $300.0K $500.0K $300.0K $100.0K $0.00
YoY Change 32.52% -0.46% 41.94% -7.89% 26.67% 172.73% 450.0% -50.0% 33.33% -40.0% 66.67% 200.0%
Inventory $0.00 $3.100M $300.0K
Prepaid Expenses
Receivables $0.00 $31.00K $516.0K $200.0K $2.500M $300.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $143.7M $92.87M $105.7M $144.9M $85.00M $253.3M $87.80M $81.30M $110.8M $95.30M $102.0M $57.10M $47.90M $3.600M
YoY Change 54.71% -12.17% -27.03% 70.47% -66.44% 188.5% 8.0% -26.62% 16.26% -6.57% 78.63% 19.21% 1230.56%
Property, Plant & Equipment $1.208M $1.881M $2.512M $3.100M $4.000M $1.400M $900.0K $1.400M $2.000M $2.800M $600.0K $800.0K $700.0K $0.00
YoY Change -35.78% -25.12% -18.97% -22.5% 185.71% 55.56% -35.71% -30.0% -28.57% 366.67% -25.0% 14.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $6.000M $0.00 $22.30M $34.90M $9.000M $0.00
YoY Change -100.0% -100.0% -36.1% 287.78%
Other Assets $4.828M $299.0K $410.0K $300.0K $36.10M $1.000M $1.100M $900.0K $200.0K $500.0K $300.0K $100.0K $1.400M $0.00
YoY Change 1514.72% -27.07% 36.67% -99.17% 3510.0% -9.09% 22.22% 350.0% -60.0% 66.67% 200.0% -92.86%
Total Long-Term Assets $6.036M $2.180M $2.922M $9.400M $60.00M $23.90M $2.000M $2.300M $2.300M $3.300M $23.30M $35.80M $11.10M $0.00
YoY Change 176.88% -25.39% -68.91% -84.33% 151.05% 1095.0% -13.04% 0.0% -30.3% -85.84% -34.92% 222.52%
Total Assets $149.7M $95.05M $108.7M $154.3M $145.0M $277.2M $89.80M $83.60M $113.1M $98.60M $125.3M $92.90M $59.00M $3.600M
YoY Change
Accounts Payable $7.184M $4.901M $2.302M $1.900M $9.700M $10.30M $9.200M $4.100M $3.900M $3.200M $2.800M $1.800M $2.300M $300.0K
YoY Change 46.58% 112.9% 21.16% -80.41% -5.83% 11.96% 124.39% 5.13% 21.88% 14.29% 55.56% -21.74% 666.67%
Accrued Expenses $18.87M $15.78M $16.29M $15.20M $19.80M $21.10M $7.800M $6.700M $5.900M $5.400M $4.300M $500.0K $800.0K $100.0K
YoY Change 19.6% -3.14% 7.16% -23.23% -6.16% 170.51% 16.42% 13.56% 9.26% 25.58% 760.0% -37.5% 700.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $275.0K $0.00 $5.700M
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $26.38M $21.66M $18.59M $17.10M $29.90M $37.10M $17.10M $11.00M $10.10M $9.200M $7.800M $2.400M $3.100M $400.0K
YoY Change 21.77% 16.53% 8.71% -42.81% -19.41% 116.96% 55.45% 8.91% 9.78% 17.95% 225.0% -22.58% 675.0%
Long-Term Debt $40.09M $24.53M $249.0K $19.10M $103.6M $114.7M $14.80M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 63.44% 9749.8% -98.7% -81.56% -9.68% 675.0%
Other Long-Term Liabilities $4.719M $1.470M $2.264M $2.900M $4.400M $1.100M $200.0K $300.0K $500.0K $700.0K $0.00 $100.0K $500.0K $0.00
YoY Change 221.02% -35.07% -21.93% -34.09% 300.0% 450.0% -33.33% -40.0% -28.57% -100.0% -80.0%
Total Long-Term Liabilities $44.81M $26.00M $2.513M $22.00M $108.0M $115.8M $15.00M $300.0K $500.0K $700.0K $0.00 $100.0K $500.0K $0.00
YoY Change 72.35% 934.46% -88.58% -79.63% -6.74% 672.0% 4900.0% -40.0% -28.57% -100.0% -80.0%
Total Liabilities $71.19M $47.66M $21.10M $39.10M $137.9M $152.9M $32.10M $11.30M $10.60M $9.900M $7.800M $2.500M $3.700M $400.0K
YoY Change 49.36% 125.84% -46.03% -71.65% -9.81% 376.32% 184.07% 6.6% 7.07% 26.92% 212.0% -32.43% 825.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 22.05M 193.7M 174.4M 153.3M 74.58M 64.96M
Diluted Shares Outstanding 22.05M 193.7K 174.4M 153.3M 74.58M 69.32M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $244.34 Million

About Verastem, Inc.

Verastem, Inc. is a biopharmaceutical company, which engages in the development and commercialization of drugs for the treatment of cancer. The company is headquartered in Cambridge, Massachusetts and currently employs 73 full-time employees. The company went IPO on 2011-11-08. The firm's pipeline is focused on anticancer agents that inhibit critical signaling pathways in cancer that promote cancer cell survival and tumor growth, particularly rapidly accelerated fibrosarcoma (RAF)/mitogen-activated protein kinase (MEK) inhibition and focal adhesion kinase (FAK) inhibition. The Company’s advanced product candidates, avutometinib and defactinib, are being investigated in both preclinical and clinical studies for the treatment of various solid tumors, including low-grade serous ovarian cancer (LGSOC), non-small cell lung cancer (NSCLC), pancreatic cancer, colorectal cancer (CRC), and melanoma. Avutometinib is an orally available small molecule RAF/MEK clamp that inhibits the ras sarcoma (RAS)/RAF/MEK, ERK mitogen activated pathway kinase (MAPK) pathway. Defactinib is an oral small molecule inhibitor of FAK and proline-rich tyrosine kinase (PYK2).

Industry: Pharmaceutical Preparations Peers: Actinium Pharmaceuticals, Inc. Acumen Pharmaceuticals, Inc. Akouos, Inc. Armata Pharmaceuticals, Inc. ARDELYX, INC. LENZ Therapeutics, Inc. Oyster Point Pharma, Inc. ARS Pharmaceuticals, Inc.