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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$5M
-$10M
0.0%
-193.4%
—
—
$21M
Dec '25
$5M
-$8M
0.0%
-141.2%
-$5M
$0
$30M
Sep '25
$14M
-$274000
0.0%
11.3%
$10M
$22M
$21M
Jun '25
—
$204000
—
—
—
$25M
$15M
Mar '25
$3M
-$10M
79.6%
-236.4%
—
$28M
$30M
Dec '24
$344000
-$16M
-132.6%
-3316.9%
-$16M
$31M
$46M
Sep '24
-$2M
-$23M
122.5%
1162.5%
-$9M
$43M
$23M
Jun '24
—
-$17M
—
—
-$16M
$43M
$32M
Mar '24
—
-$20M
—
—
-$20M
$43M
$49M
Dec '23
—
-$25M
—
—
-$15M
$43M
$70M
Sep '23
—
-$25M
—
—
-$15M
$42M
$84M
Jun '23
—
-$11M
—
—
-$5M
—
$55M
Mar '23
—
-$7M
—
—
-$5M
—
$60M
Dec '22
—
-$6M
—
—
-$5M
$0
$34M
Sep '22
—
$83000
—
—
$2M
—
$32M
Jun '22
—
-$10M
—
—
-$7M
—
$5M
Mar '22
—
-$8M
—
—
-$8M
—
$10M
Dec '21
—
-$10M
—
—
-$9M
—
$16M
Sep '21
—
-$13M
—
—
-$11M
—
$20M
Jun '21
—
-$12M
—
—
$2M
—
$25M
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.
The price-to-sales ratio has risen from 1.8× (Dec '24) to 3.0× (Jun '26).
Price / sales (P/S)
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.