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Veradermics, Inc

Company overview

Market capitalization
$4.80B
Employees
24
Latest publication
2026-09-29
About Veradermics, Inc

Veradermics, Incorporated, a clinical-stage biopharmaceutical company, focused on developing novel therapeutics for dermatologic and aesthetic conditions. The company develops treatments for Pattern Hair Loss affecting adults and children. The company's products include VDPHL01, an oral, non-hormonal treatment for men and women with PHL for chronic hair loss therapy. Additionally, it engages in the development of VDMN, a dissolvable microarray patch technology for immunotherapy of common warts; VDAA for the treatment of alopecia areata; and VDMC for the treatment of molluscum contagiosum. Its products are used for the treatment of androgenetic alopecia, common warts, molluscum contagiosum, alopecia areata, and atopic dermatitis. The company serves healthcare providers and clinicians treating dermatologic and aesthetic conditions in both adult and pediatric populations, as well as the broader medical and clinical research community involved in dermatology. Veradermics, Incorporated was incorporated in 2019 and is headquartered in New Haven, Connecticut.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USD
Total Revenue0USD0USD0USD0USD
Research Development20,925,000USD18,192,000USD11,447,000USD4,950,000USD
Selling General Administrative8,937,000USD4,819,000USD1,468,000USD1,021,000USD
Total Operating Expenses29,862,000USD23,011,000USD12,882,000USD5,971,000USD
Operating Income-29,862,000USD-23,011,000USD-12,882,000USD-5,971,000USD
Interest Income2,481,000USD906,000USD482,000USD209,000USD
Net Interest Income2,481,000USD906,000USD482,000USD-83,000USD
Income Before Tax-27,232,000USD-21,847,000USD-12,400,000USD-5,660,000USD
Tax Provision0USD0USD0USD0USD
Net Income-27,232,000USD-21,847,000USD-12,400,000USD-5,660,000USD
Net Income From Continuing Ops-27,232,000USD-21,847,000USD-12,400,000USD-5,660,000USD
Ebitda-29,862,000USD-23,011,000USD—-5,368,000USD
Total Other Income Expense Net2,630,000USD1,164,000USD—311,000USD
Interest Expense—532,000USD—292,000USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
Total Revenue0USD0USD0USD
Research Development62,065,000USD23,283,000USD14,971,000USD
Selling General Administrative10,282,000USD3,495,000USD2,353,000USD
Total Operating Expenses72,347,000USD26,778,000USD17,324,000USD
Operating Income-72,347,000USD-26,778,000USD-17,324,000USD
Interest Income1,562,000USD481,000USD870,000USD
Interest Expense0USD585,000USD36,000USD
Net Interest Income1,562,000USD-104,000USD834,000USD
Income Before Tax-69,995,000USD-26,488,000USD-16,489,999USD
Tax Provision0USD0USD0USD
Net Income-69,995,000USD-26,488,000USD-16,489,999USD
Net Income From Continuing Ops-69,995,000USD-26,488,000USD-16,490,000USD
Ebitda-69,995,000USD-25,903,000USD-16,454,000USD
Total Other Income Expense Net2,352,000USD290,000USD834,000USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ4 20242024-12-31 · USD
Total Assets825,735,000USD398,584,000USD152,619,000USD18,797,000USD59,383,000USD
Cash And Equivalents319,333,000USD————
Total Current Assets824,746,000USD397,069,000USD152,494,000USD18,713,000USD55,535,000USD
Other Current Assets4,852,000USD4,621,000USD9,377,000USD2,340,000USD1,076,000USD
Total Liabilities12,122,000USD————
Total Current Liabilities11,694,000USD6,716,000USD9,152,000USD5,694,000USD4,718,000USD
Other Current Liabilities379,000USD————
Total Stockholder Equity813,613,000USD391,868,000USD-121,014,000USD-96,015,000USD54,665,000USD
Total Equity Including Noncontrolling Interest813,613,000USD————
Property Plant Equipment Net989,000USD21,000USD125,000USD84,000USD0USD
Accounts Payable5,920,000USD1,071,000USD2,126,000USD1,985,000USD2,248,000USD
Common Stock1,000USD1,000USD1,000USD1,000USD1,000USD
Retained Earnings-174,155,000USD-150,653,000USD-123,421,000USD-97,379,000USD-49,231,000USD
Accumulated Other Comprehensive Income-895,000USD-524,000USD60,000USD——
Total Liab—6,716,000USD273,633,000USD114,812,000USD4,718,000USD
Other Current Liab—6,716,000USD7,026,000USD3,709,000USD2,469,999USD
Capital Stock—1,000USD1,000USD1,000USD1,000USD
Cash—168,412,000USD21,766,000USD5,660,000USD53,084,000USD
Cash And Short Term Investments—390,797,000USD141,862,000USD15,139,000USD53,084,000USD
Net Debt—-168,412,000USD-21,762,000USD-5,644,000USD-53,084,000USD
Short Term Investments—222,385,000USD120,096,000USD9,479,000USD0USD
Net Receivables—1,651,000USD1,255,000USD1,234,000USD1,375,000USD
Property Plant Equipment Gross—287,000USD125,000USD84,000USD0USD
Common Stock Shares Outstanding—37,340,290shares37,340,290shares35,077,084shares201,334,354shares
Non Current Assets Total—1,514,999USD125,000USD84,000USD3,848,000USD
Non Current Liabilities Total—0USD264,481,000USD109,118,000USD99,297,000USD
Non Currrent Assets Other—265,999USD———
Net Working Capital—390,353,000USD143,342,000USD13,019,000USD50,817,000USD
Unclassified Non Current Assets—1,228,000USD——3,848,000USD
Unclassified Current Liabilities—-1,071,000USD———
Unclassified Equity—543,043,000USD2,345,000USD1,362,000USD103,894,000USD
Short Long Term Debt Total——4,000USD16,000USD—
Unclassified Non Current Liabilities——264,481,000USD109,118,000USD99,297,000USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
Total Assets152,619,000USD59,383,000USD18,456,000USD
Other Current Assets9,377,000USD1,076,000USD1,266,000USD
Total Liab273,633,000USD4,718,000USD3,838,000USD
Total Stockholder Equity-121,014,000USD54,665,000USD14,618,000USD
Other Current Liab7,026,000USD2,469,999USD1,200,000USD
Common Stock1,000USD1,000USD1,000USD
Capital Stock1,000USD1,000USD1,000USD
Retained Earnings-123,421,000USD-49,231,000USD-22,743,000USD
Cash21,766,000USD53,084,000USD16,296,000USD
Cash And Short Term Investments141,862,000USD53,084,000USD16,296,000USD
Total Current Assets152,494,000USD55,535,000USD17,562,000USD
Total Current Liabilities9,152,000USD4,718,000USD3,052,000USD
Net Debt-21,762,000USD-53,084,000USD-15,510,000USD
Short Long Term Debt Total4,000USD—786,000USD
Short Term Investments120,096,000USD0USD—
Net Receivables1,255,000USD1,375,000USD—
Accounts Payable2,126,000USD2,248,000USD1,852,000USD
Property Plant Equipment Net125,000USD0USD—
Property Plant Equipment Gross125,000USD0USD—
Accumulated Other Comprehensive Income60,000USD——
Common Stock Shares Outstanding35,077,084shares201,334,354shares201,334,354shares
Non Current Assets Total125,000USD3,848,000USD893,999USD
Non Current Liabilities Total264,481,000USD99,297,000USD786,000USD
Net Working Capital143,342,000USD50,817,000USD14,510,000USD
Unclassified Non Current Liabilities264,481,000USD99,297,000USD—
Unclassified Equity2,345,000USD103,894,000USD37,359,000USD
Unclassified Non Current Assets—3,848,000USD—
Long Term Debt——786,000USD
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Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USD
Net Income-27,232,000USD-21,847,000USD-12,400,000USD-5,660,000USD
Stock Based Compensation5,259,000USD974,000USD213,000USD91,000USD
Other Non Cash Items5,813,000USD-154,000USD346,000USD1,093,000USD
Change To Account Receivables-1,499,000USD———
Change In Working Capital251,000USD-2,601,000USD-1,476,000USD844,000USD
Total Cash From Operating Activities-21,168,000USD-23,628,000USD-13,317,000USD-3,632,000USD
Capital Expenditures0USD-5,000USD-19,000USD0USD
Free Cash Flow-21,168,000USD-23,633,000USD-13,336,000USD-3,632,000USD
Investments-101,299,000USD-109,773,000USD-15,731,000USD—
Total Cashflows From Investing Activities-101,299,000USD-109,778,000USD——
Total Cash From Financing Activities269,113,000USD149,512,000USD8,423,000USD50,306,000USD
Issuance Of Capital Stock269,102,000USD151,000,000USD8,423,000USD53,097,000USD
Change In Cash146,646,000USD16,106,000USD-20,644,000USD46,674,000USD
Begin Period Cash Flow21,766,000USD5,660,000USD53,084,000USD6,410,000USD
End Period Cash Flow168,412,000USD21,766,000USD32,440,000USD53,084,000USD
Unclassified Operating Cash Flow-5,259,000USD———
Net Borrowings—0USD—-2,508,000USD
Other Cashflows From Financing Activities—149,503,000USD—52,814,000USD
Unclassified Financing Cash Flow—-150,991,000USD—-53,097,000USD
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
Net Income-69,995,000USD-26,488,000USD-16,490,000USD
Stock Based Compensation1,440,000USD250,000USD206,000USD
Other Non Cash Items839,000USD2,068,000USD1,854,000USD
Change In Working Capital-3,886,000USD732,000USD920,000USD
Total Cash From Operating Activities-71,602,000USD-23,688,000USD-13,510,000USD
Capital Expenditures-24,000USD0USD0USD
Free Cash Flow-71,626,000USD-23,688,000USD-13,510,000USD
Investments-118,834,000USD0USD—
Total Cashflows From Investing Activities-118,858,000USD——
Net Borrowings0USD7,662,000USD0USD
Total Cash From Financing Activities159,142,000USD60,476,000USD13,895,000USD
Issuance Of Capital Stock159,433,000USD53,097,000USD13,930,000USD
Change In Cash-31,318,000USD36,788,000USD385,000USD
Begin Period Cash Flow53,084,000USD16,296,000USD15,911,000USD
End Period Cash Flow21,766,000USD53,084,000USD16,296,000USD
Other Cashflows From Financing Activities158,986,000USD—13,895,000USD
Unclassified Financing Cash Flow-159,277,000USD—-13,930,000USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

No revenue breakdown is currently published for this company.

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.