Verrica Pharmaceuticals Inc. income statement
In fiscal 2025, Verrica Pharmaceuticals Inc. reported revenue of $35.6m, up 370.2% on the year before, operating income of −$12.2m (a -34.2% margin) and net income of −$17.9m, or −$1.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 12 | 9 | 5 | 8 | 36 | 30 |
| Cost of revenue | — | — | 1 | 3 | — | — |
| Gross profit | — | — | 5 | 5 | — | — |
| Research and development | 16 | 12 | 20 | 12 | 9 | 15 |
| Selling, general and administrative | — | 17 | 47 | 59 | 35 | 38 |
| General and administrative | 27 | — | — | — | — | — |
| Operating income | −31 | −21 | −66 | −66 | −12 | −28 |
| Interest expense | 4 | 2 | 4 | 9 | 8 | 4 |
| Income tax | — | 0 | 0 | 0 | 0 | — |
| Net income | −35 | −24 | −67 | −77 | −18 | −31 |
| Diluted EPS | −$0.65 | −$0.36 | −$0.74 | −$7.39 | −$1.68 | −$1.88 |
| Diluted shares (average) | 5m | 7m | 9m | 10m | 11m | 17m |
| EBITDA | −31 | −21 | −65 | −66 | −12 | −28 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | −2 | 0 | 3 | 13 | 14 | 5 | 5 | 6 |
| Cost of revenue | 0 | 1 | 1 | — | — | — | — | — |
| Gross profit | −2 | −0 | 3 | — | — | — | — | — |
| Research and development | 2 | 1 | 2 | 2 | 2 | 3 | 4 | 6 |
| Selling, general and administrative | 16 | 10 | 9 | 9 | 9 | 8 | 10 | 10 |
| Operating income | −21 | −11 | −8 | 2 | 2 | −7 | −10 | −13 |
| Interest expense | 2 | 2 | 2 | 2 | 2 | 1 | 0 | 0 |
| Net income | −23 | −16 | −10 | 0 | −0 | −8 | −10 | −13 |
| Diluted EPS | −$4.88 | −$1.82 | −$1.03 | $0.02 | −$0.03 | −$0.65 | −$0.45 | −$0.62 |
| EBITDA | −21 | −11 | −8 | 2 | 2 | −7 | −10 | −13 |
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