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VRCA Financials Verrica Pharmaceuticals Inc.

9 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 370.2% per year over the past 5 years.

Financial health

  • The company holds more cash ($30M) than total debt ($0).
  • Operating income covered interest expense -1.6× in the latest year.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 1.7 years of cash runway.
Revenue & net income
-$77M -$21M $36M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-1012% -473% 66% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$61M -$30M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $35M $70M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$80M $10M $99M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $36M -$18M 0.0% -34.2% -$18M $0 $30M
2024 $8M -$77M 65.6% -871.3% -$61M $31M $46M
2023 -$67M -$39M $43M $70M
2022 -$24M -$19M $0 $34M
2021 -$35M -$28M $16M
2020 -$43M -$32M $11M
2019 -$28M -$28M $9M
2018 -$21M -$19M $10M
2017 -$4M $9M

Valuation over time

How the market has priced VRCA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 10.3 20.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is VRCA growing its revenue and profit?

Over the past 5 years, Verrica Pharmaceuticals Inc.'s revenue has grown 370.2% per year. These are computed facts, not advice.

How much debt does VRCA have?

As of FY2025, Verrica Pharmaceuticals Inc. reported $0 of total debt against $30M of cash; operating income covered interest expense -1.6×.

What is VRCA's profit margin?

In FY2025, gross margin was —, operating margin -34.2%, and net margin -50.3%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.