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Veru (VERU) earnings and revenue breakdown

Latest: Q4 FY24 · 10-K filed Dec 16, 2024 · Veru (VERU) Q4 FY24 earnings results →

Q4 FY24 Revenue up 72% year over year to $6.7M · 128¢ of every $1 of revenue lost · operating margin -112.1%

Veru made $6.7M in Q4 FY24 (+72% Y/Y). Operating margin -112.1%, net loss $8.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Dec 16, 2024.

Revenue$6.7M
Year over year+72%
Operating margin-112.1%
Net earnings−$8.5M
Operating cash flow−$4.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $6.7M in Q4 FY24, up 72% year over year and up 68% from the previous quarter.

Gross margin was 40.4%, up 0.5 points from a year earlier. Operating costs exceeded revenue by $7.5M, an operating margin of -112.1%. Operating expenses grew 4% against revenue growth of 72%. The quarter ended with a net loss of $8.5M, narrower than the previous quarter's $11.0M loss.

Operating cash flow was −$4.4M. Non-cash charges added back $65K of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $873K. Capital expenditures of $63K exceeded it, leaving free cash flow of −$4.4M.

Quarterly history

QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2410-KDec 16, 2024$6.7M+72%-112.1%−$8.5M−$4.4M

Charts

Veru: where the cash came from (+) and went (−), TTM to Q3 FY26Veru: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow−$26.0MOther financing$23.3MCash drawn (+) / kept (−)−$8.9MAsset & business sales$6.6MOther investing$5.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Veru: profit against cash, quarter by quarterVeru: profit against cash, quarter by quarterNet incomeOperating cash flow−$8.5M−$4.4MQ4 FY24−$8.9M−$11.3MQ1 FY25−$7.9M−$7.7MQ2 FY25−$7.3M−$5.5MQ3 FY25$1.5M−$5.5MQ4 FY25−$5.3M−$6.2MQ1 FY26−$2.7M−$8.9MQ2 FY26−$7.0M−$5.5MQ3 FY26
Latest (Q3 FY26): Net income −$7.0M, Operating cash flow −$5.5M.
Veru: diluted shares by fiscal yearVeru: diluted shares by fiscal year67MFY2084MFY2180MFY2285MFY23
+27.3% since FY20: more shares outstanding (issuance, stock pay).
Veru in its industry: growth against margin (225 companies, SIC 2834)Veru in its industry: growth against margin (225 companies, SIC 2834)revenue growth, year over year →↑ operating marginmedian +11%median -50%JNJLLYMRKABBVPFEBMYABTREGNTEVAVTRSVRTXBHCZTSONCOGNALNYELANJAZZBMRNPRGOAMRXUTHRRPRXNRIXINSMKeenova Therapeutics plcALKSMDGLPAHCSRPTPTCTINDVBBIOACADCORTPBHANIPKNSAPTGXHRMYIONSAXSMTGTXSUPNTVTXCOLLVREOFAMPHMIRMPCRXRARELQDAARQTIRWDARDXNATRXNCREBSZLABXERSINVACRMDMNKDRYTMURGNPHATAUPHSNDXRIGLLGNDEOLSARWRPGENHROWVNDAOPKSDGRGERNETONAGIOPBYITNGXCYRXCYTKMRVIORGONUVBLFVNSIGAKROSAMRNZVRASPRYHRTXAKBABCYCKPTIGYREMGNXELTPSEPNVRDNLFCRCrinetics Pharmaceuticals, Inc.VSTMKURATBPHLABADCTNAMSFBIOXLODERMARCTRMTIAYTUFHTXENTATNXPOCULASMBWVEAPMDBFRIABEOSTOKLXRXCAPRIDYANKTRZOMDFINBPJANXSBFMGOSSETSTRCUSCPIXLIFDCUEAQSTPRAXWHWKEMMAGENBVRCACELUQUREZYMEEQABCLIMNMKYNBAKTSRNACVSICNTBTRAWISCOEVFMTVRDLPCNCAMPAtaiBeckley Inc.CTMXALMSPMHSACRSVTGNROIVKRROJAGXENSCKRSAABUSPRPHSTTKCPHITRDATXMDGOVXNWBOBIOEUPBIRDOVIDSPRBXBIOPRTAMCRBARVNMNOVSLNIGCBIOALGVNDNTHCPMDSPRORFLCOYASCYXBFRGSXTPBTAIQHCWBSERYARWRNACRGBPAVTXCLNNNTHIHINDAAGHALTONCOCRVOSKVIBOLTBDPTLYELIBOPULMVERU (+72%, -100%)
Pharmaceutical Preparations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Veru

We are a late clinical stage biopharmaceutical company focused on developing novel medicines for the treatment of metabolic diseases, oncology, and ARDS. Our drug development program consists of two late-stage new chemical entities, enobosarm and sabizabulin. Enobosarm, an oral selective androgen receptor modulator (“SARM”), is being developed for two indications: (i) as a treatment to augment fat loss and to prevent lean mass (muscle) loss in sarcopenic obese or overweight older patients receiving a GLP-1 RA who are at-risk for developing muscle atrophy and muscle weakness and (ii) subject to the availability of sufficient funding, as a treatment of androgen receptor positive (AR+), estrogen receptor positive (ER+) and human epidermal growth factor receptor 2 negative (HER2-) metastatic breast cancer in the 2nd line setting.

In its own words, from its 10-K, filed Dec 16, 2024.

Veru against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +72% against the peers' median +10%. Operating margin: -112.1% against the peers' median 20.4%.

CompanyQuarterRevenueY/YOp. margin
VERU VeruQ4 FY24$6.7M+72%-112.1%
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: Veru 10-K on SEC EDGAR · CIK 863894 · Pharmaceutical Preparations

13F: who owns VERU and who is buying

Largest holders of VERU (13F)Largest holders of VERU (13F)Vanguard Capital Management LLC$2.2MVanguard Group$1.4MAlyeska Investment Group, L.P.$747KOppenheimer$660KSheets Smith Investment Management$612KBlackRock$523KRenaissance Technologies LLC$515KGSA Capital Partners LLP$492KGeode Capital Management, LLC$486KSummit Financial, LLC$444K
Funds' net buying of VERU by quarter (13F)Funds' net buying of VERU by quarter (13F)$11.3M2025-09$1.6M2025-12−$114K2026-03−$1.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on VERU

History

Every quarter: Q4 FY24 results

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中文版:Veru(VERU)财报

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