Verastem, Inc. income statement
In fiscal 2025, Verastem, Inc. reported revenue of $30.9m, up 209.1% on the year before, operating income of −$170m (a -550.3% margin) and net income of −$209m, or −$3.02 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 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27 | 17 | 89 | 2 | 3 | 10 | 31 | 88 |
| Cost of revenue | 0 | — | — | — | — | — | — | — |
| Gross profit | 27 | — | — | — | — | — | — | — |
| Research and development | 44 | 46 | 41 | 39 | 51 | 81 | 115 | 140 |
| Selling, general and administrative | 77 | 101 | 63 | 24 | 25 | 44 | 81 | 95 |
| Operating income | −95 | −132 | −49 | −61 | −73 | −115 | −170 | −160 |
| Interest expense | 6 | 21 | 16 | 10 | 2 | 5 | 1 | 1 |
| Income before tax | −72 | −149 | −68 | −71 | −74 | −130 | −209 | — |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Net income | −72 | −149 | −68 | −71 | −74 | −131 | −209 | −203 |
| Diluted EPS | −$0.02 | −$0.02 | −$0.01 | −$2.45 | −$2.29 | −$1.83 | −$3.02 | −$2.33 |
| Diluted shares (average) | 5,783m | 6,221m | 13m | 29m | 32m | 71m | 69m | 87m |
| EBITDA | −94 | −132 | −49 | −61 | −73 | −115 | −170 | — |
| Quarter | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 0 | 0 | 2 | 11 | 18 | 19 | 40 |
| Research and development | 18 | 25 | 21 | 25 | 29 | 32 | 38 | 41 |
| Selling, general and administrative | 10 | 12 | 11 | 21 | 21 | 24 | 22 | 27 |
| Operating income | −18 | −37 | −32 | −44 | −41 | −41 | −45 | −33 |
| Interest expense | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | — | — | — | −26 | — | — | — | −34 |
| Income tax | 0 | 0 | 0 | 0 | 0 | — | 0 | 1 |
| Net income | −8 | −24 | −65 | −26 | −99 | −33 | −37 | −35 |
| Diluted EPS | −$0.31 | −$0.60 | −$1.55 | −$0.62 | −$1.35 | −$0.29 | −$0.46 | −$0.35 |
| EBITDA | −18 | −37 | −32 | −44 | −41 | −41 | — | — |
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