Vera Therapeutics Inc
NASDAQ: VERA · HEALTHCARE · BIOTECHNOLOGY
Updated 2026-11-12
Vera Therapeutics Inc (VERA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $0.00 | $0.00 | $1.86M | $0.00 | $0.00 |
| Revenue growth (YoY) | — | — | — | — | — | -100.0% | — |
| Cost of revenue | $509000.00 | $251000.00 | $176000.00 | $-846000.00 | $-1.86M | $2.17M | $468000.00 |
| Gross profit | $-509000.00 | $-251000.00 | $-176000.00 | $846000.00 | $1.86M | $-2.17M | $-468000.00 |
| Gross margin | — | — | — | — | 100.0% | — | — |
| R&D | $7.29M | $43.92M | $22.48M | $68.99M | $78.22M | $126.17M | $215.26M |
| SG&A | $4.41M | $4.04M | $11.92M | $21.91M | $23.79M | $41.00M | $100.22M |
| Operating income | $-11.96M | $-48.06M | $-34.40M | $-90.90M | $-102.01M | $-167.17M | $-315.47M |
| Operating margin | — | — | — | — | -5478.6% | — | — |
| EBITDA | $-11.29M | $-52.99M | $-34.23M | $-91.75M | $-92.18M | $-144.42M | $-291.62M |
| EBITDA margin | — | — | — | — | -4950.7% | — | — |
| EBIT | $-11.80M | $-53.25M | $-34.40M | $-90.90M | $-92.20M | $-144.52M | $-292.08M |
| Interest expense | $51000.00 | $166000.00 | $20000.00 | $992000.00 | $3.79M | $7.63M | $7.53M |
| Income tax | $1000.00 | $1000.00 | $1000.00 | $1000.00 | $1000.00 | $1000.00 | — |
| Effective tax rate | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 0.0% |
| Net income | $-11.85M | $-53.41M | $-32.61M | $-89.06M | $-95.99M | $-152.15M | $-299.62M |
| Net income growth (YoY) | — | -350.6% | +38.9% | -173.1% | -7.8% | -58.5% | -96.9% |
| Profit margin | — | — | — | — | -5155.2% | — | — |
Frequently asked questions
What is Vera Therapeutics Inc's revenue?
Vera Therapeutics Inc's trailing twelve-month revenue is $10.28M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How much free cash flow does VERA generate?
VERA produced $-241.73M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is VERA's balance sheet healthy?
VERA holds $354.73M in cash and equivalents against $74.84M in long-term debt, on $604.52M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.