Verastem Inc

Verastem Inc

VSTM · NASDAQ · Healthcare / Biotechnology

8.18USD-0.26 (-3.08%)

Price History

Full chart

Market Stats

Previous Close8.44
Open8.40
Day Range7.98 – 8.40
52-Week Range3.43 – 10.82
Volume1.72M
Market Cap700.96M
P/E (TTM)0.00
Forward P/E0.00
EPS-2.44
Dividend Yield0.00%
Beta0.32
50-Day Avg6.94
200-Day Avg6.10

About

Verastem, Inc., a development-stage biopharmaceutical company, focuses on developing and commercializing drugs for the treatment of cancer in the United States. Its product candidates are Avutometinib, which is an orally administered, small molecule dual RAF/MEK inhibitor developed to block MEK kinase activity and the compensatory reactivation of MEK by upstream RAF, thereby targeting the RAS/MAPK signaling pathway that is commonly activated in various cancers; and Defactinib, an oral small molecule inhibitor of FAK and proline-rich tyrosine kinase for various solid tumors. The company is involved in clinical studies, including RAMP 301, a randomized global confirmatory trial to evaluate the combination of Avutometinib and Defactinib for the treatment of patients with recurrent low-grade serous ovarian cancer; RAMP 201, an adaptive two-part multicenter, parallel cohort, randomized open label trial to evaluate the efficacy and safety of Avutometinib and in combination with Defactinib; and FRAME, an investigation of Avutometinib and Defactinib in patients with KRAS mutant cancers and subsequent analyses; and RAMP 205. It has license agreements with Chugai Pharmaceutical Co., Ltd. for the development, commercialization, and manufacture of products containing Avutometinib; and Pfizer Inc. to research, develop, manufacture, and commercialize products containing Pfizer's inhibitors of FAK for therapeutic, diagnostic, and prophylactic uses in humans. In addition, it has a clinical collaboration agreement with Amgen, Inc. to evaluate the combination of Avutometinib with Amgen's KRAS-G12C inhibitor LUMAKRAS, which in Phase 1/2 trial entitled RAMP 203; VS-7375, and VS-7375-101 is a discovery and development collaboration with GenFleet Therapeutics to advance new programs targeting RAS pathway-driven cancers; and AVMAPKI, FAKZYNJA, CO-PACK, is an avutometinib capsules, and defactinib tablets. The company was incorporated in 2010 and is headquartered in Needham, Massachusetts.

Company Details

  • SectorHealthcare
  • IndustryBiotechnology
  • CEOMr. Daniel W. Paterson
  • Employees102
  • Headquarters117 Kendrick Street, Needham, MA, United States, 02494, USA
  • Websitehttps://www.verastem.com

Leadership

  • Mr. Daniel W. PatersonPresident, CEO & Director · b. 1961
  • Mr. Daniel CalkinsChief Financial Officer · b. 1988
  • Dr. Michael Glen Kauffman M.D., Ph.D.President of Development & Director · b. 1963
  • Dr. Robert A. Weinberg Ph.D.Co-Founder & Chair of Scientific Advisory Board
  • Dr. Michelle Detwiler M.D., Ph.D.Co-Founder · b. 1976
  • Ms. Lori HorvatExecutive Vice President of Portfolio Strategy & Operations
  • Dr. Jonathan Pachter Ph.D.Chief Scientific Officer · b. 1958
  • Ms. Julissa VianaVice President of Corporate Communications & Investor Relations
  • Mr. Mark J. WandaSenior VP of Legal & Chief Compliance Officer
  • Ms. Cathy CarewChief Organizational Effectiveness Officer

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue--00000026.72M17.46M88.52M2.05M2.60M010.00M30.91M
Growth (%)----------34.67%+407.08%-97.68%+26.45%-100.00%-+209.14%
Cost of Revenue--207.00K236.00K427.00K754.00K670.00K556.00K588.00K2.81M33.74M206.00K118.00K62.00K26.00K5.30M
Gross Profit---207.00K-236.00K-427.00K-754.00K-670.00K-556.00K26.13M14.65M54.77M2.05M2.60M-62.00K10.00M25.62M
Gross Margin--------97.80%83.92%61.88%100.00%100.00%-100.00%82.86%
Operating Expense--32.02M41.17M53.18M57.45M36.33M67.25M120.91M146.99M104.13M63.46M75.53M92.02M124.96M195.75M
Operating Income-784.00K-13.70M-32.23M-41.40M-53.61M-58.20M-37.00M-67.80M-94.78M-132.34M-49.36M-61.41M-72.94M-92.08M-114.96M-170.13M
Operating Margin---------354.75%-758.14%-55.76%-2991.18%-2809.59%--1149.56%-550.33%
EBITDA-784.00K-13.62M-31.78M-40.97M-52.94M-57.45M-35.77M-66.69M-65.20M-126.42M-50.48M-61.16M-71.56M-83.17M-125.86M-207.60M
EBITDA Margin---------244.05%-724.23%-57.03%-2978.86%-2756.43%--1258.64%-671.56%
Net Income-786.00K-13.68M-31.98M-41.20M-53.37M-57.87M-36.44M-67.80M-72.43M-149.21M-67.73M-71.20M-73.81M-87.37M-130.64M-209.47M
Net Income Margin---------271.11%-854.77%-76.51%-3468.10%-2843.30%--1306.37%-677.59%
R&D400.00K9.88M21.71M25.93M35.45M40.56M19.78M46.42M43.65M45.78M41.38M39.35M50.56M61.36M81.33M114.60M
R&D as % of Total Revenue--------163.37%262.25%46.74%1916.56%1947.53%-813.34%370.70%
Interest Expense-000000559.00K5.81M20.61M15.79M9.97M2.14M4.14M4.56M1.14M
Interest Expense % of Total Revenue--------21.75%118.06%17.84%485.73%82.32%-45.62%3.68%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets3.60M59.04M92.92M125.26M98.65M113.09M83.63M89.79M277.24M145.05M154.35M108.66M95.05M149.72M101.54M246.44M
Total Liabilities368.00K71.80M2.46M7.82M9.88M10.63M11.33M32.11M152.94M137.87M39.08M21.10M47.66M92.34M130.43M189.25M
Total Equity3.24M55.38M90.47M117.45M88.77M102.47M72.30M57.68M124.30M7.17M115.27M87.56M47.39M57.37M-28.89M57.20M
Cash3.58M20.95M10.10M18.89M33.90M24.87M32.35M82.18M129.87M43.51M67.78M21.25M74.93M77.91M88.82M204.99M
Total Debt-------14.83M120.45M107.53M22.54M3.18M27.07M41.56M42.25M76.86M
Net Debt--20.95M-10.10M-18.89M-33.90M-24.87M-32.35M-67.35M-9.41M64.02M-45.24M-18.07M-47.87M-36.35M-46.56M-128.13M

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-330.00K-10.13M-22.60M-26.30M-36.90M-45.56M-29.48M-57.31M-74.52M-138.52M-33.51M-53.50M-63.67M-86.46M-104.77M-137.51M
Investing Cash Flow-8.00K-36.72M-45.86M-23.39M43.14M-27.06M36.97M43.95M-138.38M89.61M-47.36M87.00K66.19M-44.45M59.97M-9.62M
Financing Cash Flow3.92M64.22M57.60M58.49M8.77M63.59M-5.00K63.18M261.16M-2.44M69.63M6.88M51.78M134.19M54.78M263.31M
Capital Expenditure8.00K785.00K310.00K56.00K2.43M211.00K39.00K1.51M23.51M7.00K33.00K196.00K07.00K28.00K9.62M
Free Cash Flow-338.00K-10.92M-22.91M-26.36M-39.33M-45.77M-29.52M-57.31M-98.02M-138.53M-33.54M-53.70M-63.67M-86.46M-104.80M-137.51M
Dividends Paid--000000-15.00K000---
FCF to OCF102.42%107.75%101.37%100.21%106.58%100.46%100.13%100.00%131.55%100.01%100.10%100.37%100.00%100.00%100.03%100.00%
Dividend Paid to FCF--0.00%0.00%0.00%0.00%0.00%0.00%--0.01%0.00%0.00%0.00%---

Earnings

Report DateMar 14, 2012May 14, 2012Aug 13, 2012Nov 13, 2012Mar 27, 2013May 9, 2013Aug 13, 2013Nov 12, 2013Mar 6, 2014May 8, 2014Aug 7, 2014Oct 30, 2014Mar 10, 2015May 11, 2015Aug 10, 2015Nov 9, 2015Mar 3, 2016May 9, 2016Aug 8, 2016Nov 7, 2016Mar 23, 2017May 10, 2017Aug 8, 2017Nov 7, 2017Mar 13, 2018May 3, 2018Aug 8, 2018Nov 7, 2018Mar 12, 2019May 9, 2019Aug 1, 2019Oct 29, 2019Mar 11, 2020May 7, 2020Aug 10, 2020Nov 9, 2020Mar 18, 2021May 11, 2021Aug 2, 2021Nov 4, 2021Mar 28, 2022May 9, 2022Aug 8, 2022Nov 3, 2022Mar 14, 2023May 9, 2023Aug 8, 2023Nov 8, 2023Mar 14, 2024May 9, 2024Aug 8, 2024Nov 6, 2024Mar 12, 2025May 13, 2025Aug 7, 2025Nov 4, 2025Mar 5, 2026May 7, 2026Aug 6, 2026Nov 3, 2026
EPS Estimate--2.26-2.80-4.55-0.42-4.28-4.40-5.17-5.34-0.43-6.13-6.24-6.26-0.42-5.48-5.25-4.51-0.30-3.15-2.85-0.25-4.32-3.96-3.96-5.10-0.39-4.30-4.68-0.53-5.64-5.84-4.92-0.45-2.58-1.760.52-0.08-1.08-1.00-0.84-0.09-1.02-1.32-1.47-0.10-0.98-1.02-0.79-0.62-0.87-1.06-0.82-0.74-0.77-0.59-0.61-0.50-0.47-0.46-0.44
EPS Actual-55.77-5.26-4.08-6.12-0.39-3.83-5.88-5.64-5.04-0.51-6.12-6.24-6.36-0.46-5.04-5.04-3.72-0.22-2.76-2.52-0.32-4.20-4.32-7.32-5.16-0.41-5.56-5.97-0.49-6.24-5.76-4.20-0.51-4.20-1.680.96-0.12-1.08-1.20-1.56-0.09-1.08-1.44-1.08-0.08-1.14-1.15-0.71-1.02-0.98-0.61-0.88-0.60-0.79-0.39-0.54-0.46-0.43-0.35-
Surprise--132.74%-45.71%-34.51%7.14%10.51%-33.64%-9.09%5.62%-18.60%0.16%0.00%-1.60%-9.52%8.03%4.00%17.52%26.67%12.38%11.58%-28.00%2.78%-9.09%-84.85%-1.18%-5.13%-29.30%-27.56%7.55%-10.64%1.37%14.63%-13.33%-62.79%4.55%84.62%-50.00%0.00%-20.00%-85.71%0.00%-5.88%-9.09%26.53%20.00%-16.33%-12.75%10.13%-64.52%-12.64%42.45%-7.32%18.56%-2.60%33.90%11.48%7.55%8.51%23.91%-
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Key Statistics & Ratios

Market Cap700.96M
Enterprise Value688.33M
Trailing P/E0.00
Forward P/E0.00
PEG Ratio-1.89
Price / Sales8.01
Price / Book14.81
EPS-2.44
Book Value0.931
Revenue (TTM)87.53M
Gross Profit (TTM)76.71M
EBITDA-158.65M
Profit Margin-231.59%
Operating Margin-81.62%
Return on Equity-471.16%
Return on Assets-49.59%
Shares Outstanding90.56M
Shares Float70.57M
Beta0.32
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 9 analystsTarget 14.67
  • Strong Buy
    7
  • Buy
    2

Ownership Breakdown

Institutions
110.91%
Insiders
1.02%
Retail / Other
0.00%

Top Institutional Holders

  • RTW INVESTMENTS, LLC
    6.58M7.27%
  • BlackRock Inc
    6.19M6.85%
  • Deep Track Capital, LP
    5.74M6.34%
  • Armistice Capital, LLC
    4.59M5.08%
  • Nantahala Capital Management, LLC
    3.58M3.96%
  • State Street Corp
    3.52M3.89%
  • Vanguard Capital Management, LLC
    3.32M3.67%
  • Stonepine Capital Management Llc
    3.30M3.65%
  • Foresite Capital Management VI LLC
    3.15M3.48%
  • Morgan Stanley - Brokerage Accounts
    2.25M2.48%
  • Rosalind Advisors, Inc.
    2.14M2.36%
  • Millennium Management LLC
    2.08M2.30%
  • Alyeska Investment Group, L.P.
    2.05M2.27%
  • AIGH Capital Management, LLC
    1.93M2.13%
  • Opaleye Management Inc
    1.80M1.99%
  • Geode Capital Management, LLC
    1.72M1.90%
  • J. Goldman & Co LP
    1.68M1.86%

Top Fund Holders

  • State Street® SPDR® S&P® Biotech ETF
    3.58M3.95%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.81M3.11%
  • iShares Russell 2000 ETF
    2.04M2.25%

Stock Splits

  • Jun 1, 20231:12