Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.1M | $13.7M | $15.9M | $31.8M | $42.6M | $61.3M | $39.4M | $16.3M | $16.9M | — |
| Revenue growth | — | -38.3% | 16.2% | 100.5% | 33.9% | 43.8% | -35.8% | -58.6% | 3.6% | — |
| Gross profit | $13.3M | $7.02M | $8.77M | $21.7M | $30.8M | $47.9M | $30.6M | $7.57M | $5.85M | — |
| Gross margin | 60.3% | 51.4% | 55.3% | 68.1% | 72.3% | 78.2% | 77.7% | 46.4% | 34.7% | — |
| Operating income | $3.02M | -$8.49M | -$20.9M | -$6.44M | -$14.7M | $13.0M | -$83.2M | -$93.8M | -$36.2M | -$24.8M |
| Operating margin | 13.6% | -62.2% | -131.6% | -20.2% | -34.6% | 21.2% | -211.5% | -575.5% | -214.2% | — |
| Net income | $345K | -$6.61M | -$23.9M | -$12.0M | -$19.0M | $7.39M | -$83.8M | -$93.2M | -$37.8M | -$22.7M |
| Net margin | 1.6% | -48.4% | -150.9% | -37.8% | -44.5% | 12.1% | -212.9% | -571.6% | -223.9% | — |
| EPS (diluted) | $0.01 | -$0.25 | -$0.44 | -$0.19 | -$0.28 | $0.09 | -$1.05 | -$1.10 | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.71M | $983K | -$11.5M | -$5.49M | -$1.93M | -$15.6M | -$47.5M | -$88.0M | -$21.7M | -$30.0M |
| Capital expenditures | $6.37K | $133K | $50.7K | $109K | $106K | $377K | $733K | $666K | $158K | $1.08K |
| Free cash flow | -$1.72M | $849K | -$11.6M | -$5.59M | -$2.04M | -$15.9M | -$48.2M | -$88.7M | -$21.8M | -$30.0M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | $9.63M | $24.9M | $15.8M |
| Total assets | $38.6M | $55.3M | $48.5M | $53.6M | $51.5M | $178M | $136M | $50.0M | $60.4M | $29.8M |
| Total liabilities | $4.69M | $6.88M | $19.0M | $21.3M | $21.4M | $25.9M | $55.3M | $30.3M | $28.1M | $11.5M |
| Long-term debt | — | — | $1.75M | — | — | — | — | — | — | — |
| Shareholders' equity | $33.9M | $48.5M | $29.5M | $32.3M | $30.1M | $152M | $82.8M | $19.7M | $32.3M | $18.3M |
| Retained earnings | -$27.7M | -$34.3M | -$58.2M | -$70.2M | -$89.2M | -$81.8M | -$166M | -$257M | -$295M | -$317M |
| Shares (wtd avg diluted) | 28.7M | 34.6M | 55.3M | 65.0M | 66.8M | 76.3M | 80.1M | 85.0M | 13.5M | 14.6M |
Every figure is extracted from VERU INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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