Verastem, Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:20:47Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -104.80M | — | — | -53.70M | -33.54M |
| EBITDA | -169.40M | -114.93M | -92.02M | -72.82M | -61.20M | -48.04M |
| Working Capital | 151.15M | 63.99M | 117.30M | 71.21M | 87.15M | 127.84M |
| Net Debt | -204.46M | -46.56M | -36.35M | -48.91M | -18.07M | -45.24M |
| Operating Margin | -550.33% | -1149.56% | — | -2809.59% | -2991.18% | -55.76% |
| Net Margin | -677.59% | -1306.37% | — | -2843.30% | -3468.10% | -76.51% |
| Return on Equity (ROE) | -366.23% | 452.14% | -152.28% | -155.75% | -81.32% | -58.75% |
| Return on Assets (ROA) | -85.00% | -128.66% | -58.35% | -77.66% | -65.52% | -43.88% |
| Current Ratio | 3.09× | 3.07× | 5.45× | 4.29× | 5.69× | 8.48× |
| Debt-to-Equity | 0.01× | -1.46× | 0.72× | 0.55× | 0.04× | 0.20× |
| Effective Tax Rate | — | -0.14% | — | 0.00% | 0.00% | -0.29% |
| Cash Conversion Ratio | 0.66× | 0.80× | 0.99× | 0.86× | 0.75× | 0.49× |
| Accruals Ratio | -0.29× | -0.25× | -0.01× | -0.11× | -0.16× | -0.22× |
| SBC % of Revenue | 30.42% | 73.42% | — | 232.94% | 375.60% | 9.17% |
| CapEx Coverage | — | -3741.82× | — | — | -272.97× | -1015.33× |
| Free Cash Flow Per Share | — | $-2.93 | — | — | $-3.69 | $-218.74 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | 10.00M | — | 2.60M | 2.05M | 88.52M |
| Revenues | 30.91M | 10.00M | — | 2.60M | 2.05M | — |
| Research and Development Expense | 114.60M | 81.33M | 61.36M | 50.56M | 39.35M | 41.38M |
| Selling, General and Administrative Expense | 81.15M | 43.62M | 30.73M | 24.98M | 24.11M | 62.76M |
| Operating Income (Loss) | -170.13M | -114.96M | -92.08M | -72.94M | -61.41M | -49.36M |
| Income Tax Expense (Benefit) | — | 185.00K | — | 0 | 0 | 194.00K |
| Net Income (Loss) Attributable to Parent | -209.47M | -130.64M | -87.37M | -73.81M | -71.20M | -67.73M |
| Earnings Per Share, Basic | $-3.02 | $-3.66 | $-3.96 | $-4.57 | $-4.90 | $-0.44 |
| Weighted Average Number of Shares Outstanding, Basic | 69.31M | 35.71M | 22.05M | 16.14M | 14.54M | 153.33M |
| Earnings Per Share, Diluted | $-3.02 | $-3.66 | $-3.96 | $-4.57 | $-4.90 | $-0.44 |
| Weighted Average Number of Shares Outstanding, Diluted | 69.31M | 35.71M | 22.05M | 16.14M | 14.54M | 153,330 |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 204.99M | 88.82M | 77.91M | 74.93M | 21.25M | 67.78M |
| Assets, Current | 223.41M | 94.96M | 143.68M | 92.87M | 105.74M | 144.94M |
| Assets | 246.44M | 101.54M | 149.72M | 95.05M | 108.66M | 154.35M |
| Long-term Debt | — | 40.72M | 40.09M | 24.53M | — | — |
| Liabilities, Current | 72.27M | 30.97M | 26.38M | 21.66M | 18.59M | 17.09M |
| Liabilities | 189.25M | 130.43M | 71.19M | 47.66M | 21.10M | 39.08M |
| Stockholders' Equity Attributable to Parent | 57.20M | -28.89M | 57.37M | 47.39M | 87.56M | 115.27M |
| Common Stock, Shares, Outstanding | 77.74M | 44.78M | 25.28M | 16.71M | 185.29M | 170.46M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -137.51M | -104.77M | -86.46M | -63.67M | -53.50M | -33.51M |
| Payments to Acquire Property, Plant, and Equipment | — | 28.00K | — | — | 196.00K | 33.00K |
| Net Cash Provided by (Used in) Investing Activities | -9.62M | 59.97M | -44.45M | 66.19M | 87.00K | -47.36M |
| Net Cash Provided by (Used in) Financing Activities | 263.31M | 54.78M | 134.19M | 51.78M | 6.88M | 69.63M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | — | -25.10M |
| EBITDA | — | -41.18M | — | — | -44.16M | -31.58M |
| Working Capital | 136.06M | 151.15M | 94.34M | 123.91M | 89.08M | 63.99M |
| Net Debt | -162.21M | -204.46M | -136.72M | -162.81M | -115.54M | -46.56M |
| Operating Margin | -240.46% | -236.53% | -362.17% | -2047.92% | — | — |
| Net Margin | -195.98% | -187.72% | -876.34% | -1213.57% | — | — |
| Return on Equity (ROE) | -44.74% | -57.55% | 634.54% | -71.93% | 160.65% | 223.41% |
| Return on Assets (ROA) | -16.06% | -13.36% | -55.71% | -13.21% | -39.56% | -63.57% |
| Current Ratio | 3.04× | 3.09× | 2.58× | 3.46× | 3.50× | 3.07× |
| Debt-to-Equity | 0.04× | 0.01× | -0.06× | 0.04× | -0.06× | -1.46× |
| Cash Conversion Ratio | 1.42× | 0.91× | 1.09× | 2.75× | 0.74× | 0.39× |
| Accruals Ratio | 0.07× | -0.01× | 0.05× | 0.23× | -0.10× | -0.39× |
| SBC % of Revenue | 10.96% | 11.55% | 65.64% | 243.38% | — | — |
| Free Cash Flow Per Share | — | — | — | — | — | $-0.70 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | — | — | 0 |
| Revenues | 18.67M | 17.54M | 11.24M | 2.14M | — | 0 |
| Research and Development Expense | 38.22M | 31.67M | 28.99M | 24.79M | 29.15M | 20.81M |
| Selling, General and Administrative Expense | 22.30M | 24.44M | 21.01M | 20.67M | 15.02M | 10.78M |
| Operating Income (Loss) | -44.90M | -41.48M | -40.72M | -43.76M | -44.17M | -31.59M |
| Income Tax Expense (Benefit) | 0 | — | 0 | 0 | 0 | 185.00K |
| Net Income (Loss) Attributable to Parent | -36.59M | -32.92M | -98.52M | -25.93M | -52.10M | -64.55M |
| Earnings Per Share, Basic | $-0.37 | $-0.29 | $-1.35 | $-0.39 | $-0.96 | $-1.55 |
| Weighted Average Number of Shares Outstanding, Basic | 98.29M | 69.31M | 73.16M | 66.14M | 54.17M | 35.71M |
| Earnings Per Share, Diluted | $-0.46 | $-0.29 | $-1.35 | $-0.62 | $-0.96 | $-1.55 |
| Weighted Average Number of Shares Outstanding, Diluted | 99.15M | 69.31M | 73.16M | 74.04M | 54.17M | 35.71M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 165.55M | 204.99M | 137.71M | 164.32M | 117.57M | 88.82M |
| Assets, Current | 202.90M | 223.41M | 154.06M | 174.27M | 124.70M | 94.96M |
| Assets | 227.81M | 246.44M | 176.85M | 196.26M | 131.70M | 101.54M |
| Long-term Debt | — | — | — | — | — | 40.72M |
| Liabilities, Current | 66.84M | 72.27M | 59.71M | 50.36M | 35.62M | 30.97M |
| Liabilities | 146.03M | 189.25M | 192.38M | 160.21M | 164.13M | 130.43M |
| Stockholders' Equity Attributable to Parent | 81.78M | 57.20M | -15.53M | 36.06M | -32.43M | -28.89M |
| Common Stock, Shares, Outstanding | 87.84M | 77.74M | 66.75M | 61.52M | 51.49M | 44.78M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -52.12M | -29.95M | -107.56M | -71.34M | -38.68M | -25.10M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Investing Activities | -16.02M | -1.34M | -8.28M | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | 28.69M | 98.58M | 164.72M | 146.84M | 67.43M | 742.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (VSTM CIK 0001526119),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.