Veru Inc. (VERU) Income Statement
VERU FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsVERU revenue and net income
VERU profit margins
VERU growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −100.0% | — | — | — |
| Gross profit | −102.6% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VERU quarterly EPS vs estimates
Veru beat the analyst EPS estimate in 6 of the last 8 quarters.
VERU income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $16.9M | $16.3M | $39.4M | $61.3M | $42.6M | $31.8M | $15.9M | $13.7M | $22.1M |
| Cost of revenue | $152,105 | $11.0M | $8.7M | $8.8M | $13.3M | $11.8M | $10.1M | $7.1M | $6.6M | $8.8M |
| Gross profit | −$152,105 | $5.9M | $7.6M | $30.6M | $47.9M | $30.8M | $21.7M | $8.8M | $7.0M | $13.3M |
| Research & development | $15.6M | $12.8M | $51.2M | $70.6M | $32.7M | $16.9M | $13.7M | $10.9M | $3.5M | $99,393 |
| Sales, general & admin | $19.9M | $31.2M | $48.1M | $43.2M | $20.7M | $14.5M | $14.3M | $14.8M | $11.1M | $8.7M |
| Total operating expenses | $24.8M | $42.8M | $101.3M | $113.8M | $35.0M | $45.5M | $28.1M | $29.7M | $14.6M | $10.3M |
| Operating income | −$24.8M | −$36.9M | −$93.8M | −$83.2M | $13.0M | −$14.7M | −$6.4M | −$20.9M | −$8.5M | $3.0M |
| Interest income | — | — | — | — | — | — | $5.9M | $2.2M | $108,380 | $204,600 |
| Interest expense | — | $607,470 | $2.4M | $4.4M | $4.9M | $4.6M | $4.7M | $3.0M | $2.0M | $3.3M |
| Income before taxes | −$15.7M | −$37.1M | −$92.7M | −$83.5M | $4.3M | −$20.1M | −$12.3M | −$23.1M | −$8.6M | $2.8M |
| Income taxes | — | $725,101 | $480,206 | $236,397 | −$3.1M | −$1.1M | −$303,933 | $866,102 | −$2.0M | $2.5M |
| Net income | −$22.7M | −$37.8M | −$93.2M | −$83.8M | $7.4M | −$19.0M | −$12.0M | −$23.9M | −$6.6M | $344,725 |
| EBITDA | −$35.4M | −$36.2M | −$90.0M | −$83.0M | $9.3M | −$14.3M | −$6.0M | −$20.4M | −$8.1M | $4.9M |
| EPS (diluted) | −$1.75 | −$1.80 | −$11.53 | −$5.91 | −$0.95 | −$1.07 | −$1.35 | −$3.14 | −$1.24 | $0.01 |
| Gross margin | — | 34.7% | 46.4% | 77.7% | 78.2% | 72.3% | 68.1% | 55.4% | 51.4% | 60.3% |
| Operating margin | — | −218.6% | −575.5% | −211.5% | 21.2% | −34.6% | −20.2% | −131.6% | −62.2% | 13.6% |
| Net margin | — | −223.9% | −571.6% | −212.9% | 12.1% | −44.5% | −37.8% | −150.9% | −48.4% | 1.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $56,386 | $0 | $247,064 | $0 | $0 | $0 | $6.7M | $4.0M | $4.1M | $0 | $3.9M |
| Cost of revenue | — | $28,194 | $28,193 | $28,573 | $29,331 | $29,331 | $64,870 | $4.0M | $2.6M | $3.5M | $990,274 | $2.3M |
| Gross profit | — | −$28,194 | −$28,193 | −$28,573 | −$29,331 | −$29,331 | −$64,870 | $2.7M | $1.3M | $678,299 | $1.2M | $1.5M |
| Research & development | $4.4M | $3.1M | $1.3M | $2.9M | $3.0M | $3.9M | $5.7M | $3.3M | $4.9M | $3.0M | $1.7M | $7.8M |
| Sales, general & admin | $3.4M | $4.1M | $4.1M | $13.8M | $5.0M | $5.2M | $5.2M | $7.8M | $7.5M | $12.8M | $6.7M | $10.9M |
| Total operating expenses | $7.7M | $7.2M | $5.4M | −$1.2M | $7.5M | $8.1M | $10.2M | $10.9M | $12.3M | $10.6M | $8.3M | $9.7M |
| Operating income | −$7.7M | −$7.2M | −$5.4M | $1.2M | −$7.5M | −$8.1M | −$10.2M | −$8.2M | −$10.9M | −$9.9M | −$8.3M | −$8.2M |
| Interest expense | — | — | — | — | — | — | — | $169,867 | $127,336 | $145,310 | $164,957 | $207,201 |
| Income before taxes | −$7.0M | −$3.1M | −$5.3M | $1.3M | −$7.3M | −$7.9M | −$1.8M | −$8.1M | −$10.8M | −$9.8M | −$7.7M | −$7.6M |
| Income taxes | — | — | — | — | — | — | −$7.1M | $453,116 | $162,422 | $182,002 | — | $557,492 |
| Net income | −$7.0M | −$2.7M | −$5.3M | $1.5M | −$7.3M | −$7.9M | −$8.9M | −$8.5M | −$11.0M | −$10.0M | −$8.3M | −$8.1M |
| EBITDA | −$7.0M | −$7.2M | −$5.4M | −$7.4M | −$8.0M | −$9.1M | −$10.9M | −$7.8M | −$10.6M | −$9.6M | — | −$35.5M |
| EPS (diluted) | −$0.30 | −$0.13 | −$0.26 | $0.09 | −$0.53 | −$0.60 | −$0.71 | −$0.05 | −$0.76 | −$0.91 | −$0.08 | −$1.37 |
| Gross margin | — | −50.0% | — | −11.6% | — | — | — | 40.4% | 33.8% | 16.4% | — | 39.9% |
| Operating margin | — | −12,802.8% | — | 472.3% | — | — | — | −123.3% | −276.7% | −239.1% | — | −211.7% |
| Net margin | — | −4,861.4% | — | 588.3% | — | — | — | −128.2% | −277.4% | −242.4% | — | −210.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VERU's financial statements (latest annual report filed December 17, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VERU financial results
Veru reported no revenue in fiscal year 2025 (ended September 30, 2025). It had a net loss of $22.7 million. Diluted earnings per share came to −$1.75.
See the VERU stock overview for the latest quote and news, or the VERU chart for price history and technical indicators.
VERU income statement FAQ
Does Veru have revenue?
Veru reported no revenue for fiscal year 2025, which ended on September 30, 2025.
Is Veru profitable?
No. Veru reported a net loss of $22.7 million in fiscal 2025.
How much does Veru spend on research and development?
Veru spent $15.6 million on research and development in fiscal 2025.
What are Veru's earnings per share?
Veru earned $-1.75 per diluted share in fiscal 2025, compared with $-1.80 a year earlier.
When does Veru's fiscal year end?
Veru's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on December 17, 2025.