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Financial statements

Vera Bradley, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Vera Bradley, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue486455416495468540500384319270
Cost of revenue210201178223203253261180160145
Gross profit276254239272266288239204159125
Selling, general and administrative249240212253253262265193188158
Operating income28.21527.119.513.126.9-94.911.6-28.8-31.9
Interest expense0.18
Pre-tax income2815.428.220.611.926.6-9512.3-28-32.4
Income tax8.288.387.475.321.176.43-15.63.685.340.3
Income from continuing operations19.8
Net income19.87.0220.8168.6817.8-59.77.84-62.2-47.8
EBITDA47.734.643.637.926.536.2-8619.6-20.3-24.1
EPS, basic0.540.200.590.470.260.53-1.900.25-2.15-1.71
EPS, diluted0.530.190.590.470.260.52-1.900.25-2.15-1.71
Shares, basic (weighted)36.835.935.23433.433.831.530.828.927.9
Shares, diluted (weighted)373635.534.333.934.431.531.328.927.9

Balance sheet

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash and equivalents86.468.811349.964.288.446.677.328.618.5
Short-term investments30.254.219.48.981.30
Receivables23.315.615.624.327.520.722.117.113.817.3
Inventory10287.891.612414114514211891.476
Other current assets10.211.311.61117.915.914.312.88.076.03
Total current assets256242252219260279227226165120
Property, plant and equipment10286.578736459.958.754.352.646.4
Lease right-of-use assets11588.779.97866.574.863.2
Goodwill044.344.344.30
Intangible assets056.347.344.215.97.570
Long-term investments015.523.714.90
Other non-current assets2.821.281.275.336.346.083.856.169.054.46
Total assets374351362535514518405381307234
Accounts payable32.613.514.620.227.130.520.414.217.216.2
Accrued liabilities12.513.613.311.413.612.514.312.96.535.39
Deferred revenue1.63.94.13.93.22.61.71.6
Total current liabilities62.540.343.687.477.478.167.758.35850.5
Long-term debt0
Lease liabilities11491.580.974.762.666.351.9
Other non-current liabilities0.060.110.20.090.040.050
Total liabilities89.765.467.4201169159142121128102
Total debt00
Paid-in capital88.791.295.6100105108110113116116
Retained earnings264271292307317334275282220172
Treasury stock-68.7-76.6-92.8-104-107-115-133-135-157-157
Other comprehensive income-0.05-0.11-0.020.160.01-0.03-0.11-0.07-0.02-0.13
Shareholders' equity284285295304315327251260179132
Total equity284285295304315327251260179132
Total liabilities and equity374351362535514518405381307234
Shares outstanding36.235.534.333.533.433.230.830.827.728

Cash flow statement

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Net income19.87.0220.815.210.720.2-79.48.6-33.4-32.7
Depreciation and amortization19.519.616.518.413.59.328.857.978.537.77
Stock-based compensation4.033.074.935.945.654.933.242.943.680.87
Deferred income tax-2.188.15-1.5-0.864.13-0.33-17.72.374.90
Change in receivables7.547.320.44-1.01-5.586.76-1.354.672.29-4.34
Change in inventory11.314.4-3.99-12.6-17.8-3.472.61248.2715.8
Change in payables9-18.20.74-0.627.353.21-10.2-5.995.57-2.12
Cash from operations65.242.643.620.620.739.9-13.448-14.1-9.97
Capital expenditures-20.8-11.8-8.15-13.3-5.74-5.49-8.24-3.77-10.4-3.29
Acquisitions00-760.9900-1000
Purchases of investments-30-85.5-59.5-19-0.8500
Sales and maturities of investments045.785.638.323.31.2900
Cash from investing-50.8-51.618-7017.7-4.15-8.24-13.8-10.4-1.54
Share buybacks-25-7.91-16.1-11.3-3.08-7.74-18.1-2.19-21.80
Cash from financing-25.7-8.65-16.8-14.3-24.1-11.4-20.1-3.55-22.5-0.23
Exchange rate effect-0.01-0.01-0.010.050.02-0.03-0.080.030.05-0.11
Net change in cash-11.3-17.644.7-63.614.324.3-41.830.7-46.9-11.9
Free cash flow44.430.835.47.311534.4-21.744.2-24.5-13.3
Interest paid0.250.190.170.121.130.290.090.150.140.36
Income taxes paid24.81.944.046.495.089.08-6.570.841.350.07

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to August 1, 2026; growth uses fiscal years. Valuation uses the share price of $4.03 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin50.4%Gross profit / revenue.
Operating margin-3.6%Operating income / revenue.
EBITDA margin-1.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-3.7%Pre-tax income / revenue.
Net margin-3.7%Net income / revenue.
FCF margin10.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin11.3%Cash from operations / revenue.
Return on equity (ROE)-7.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-4.2%Net income / average total assets.
Return on invested capital (ROIC)-8.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue54.6%Selling, general and administrative expense / revenue.
Stock-based pay / revenue1.3%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.6%Capital expenditures / revenue.
D&A / revenue2.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-15.4%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-18.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-10.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-21.3%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-19.4%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-14.0%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-26.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-19.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y-16.0%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-23.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-16.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-14.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y-3.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y-4.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y-3.8%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio2.44xCurrent assets / current liabilities.
Quick ratio0.91x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.66x(Cash + short-term investments) / current liabilities.
Liabilities / assets44.7%Total liabilities / total assets.
Working capital$74.3MCurrent assets - current liabilities.
Tangible book value$132.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.15xRevenue / average total assets.
Fixed asset turnover6.20xRevenue / average property, plant and equipment.
Inventory turnover1.96xCost of revenue / average inventory.
Days inventory186 days365 x average inventory / cost of revenue.
Receivables turnover21.4xRevenue / average receivables.
Days sales outstanding17 days365 x average receivables / revenue.
Days payables40 days365 x average accounts payable / cost of revenue.
Cash conversion cycle163 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow5.5%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.37Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$9.15Revenue / diluted weighted shares.
FCF per share$0.98Free cash flow / diluted weighted shares.
Operating cash flow per share$1.03Cash from operations / diluted weighted shares.
Book value per share$4.61Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$4.61Tangible book value / shares outstanding.
Cash per share$1.19(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$114.5MShare price x shares outstanding.
Enterprise value$80.2MMarket cap + total debt - cash - short-term investments.
P/S0.42xMarket cap / revenue.
P/B0.87xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.87xMarket cap / tangible book value, when positive.
P/FCF3.90xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF3.69xMarket cap / cash from operations, when positive.
EV/Sales0.29xEnterprise value / revenue.
EV/FCF2.73xEnterprise value / free cash flow, when both are positive.
FCF yield25.6%Free cash flow / market cap.
Earnings yield-8.8%Net income / market cap (the inverse of P/E).
What was Vera Bradley, Inc.'s revenue in fiscal 2026?

Vera Bradley, Inc. reported revenue of $269.7M for fiscal 2026, 15.4% lower than the year before.

Was Vera Bradley, Inc. profitable in fiscal 2026?

No. It reported a net loss of $47.8M.

How much free cash flow did Vera Bradley, Inc. generate in fiscal 2026?

Cash from operations of $10.0M minus capital expenditures of $3.3M left free cash flow of -$13.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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