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NASDAQ · Health care

Verastem, Inc. (VSTM)

It posted a net loss of $178.9M. At September 30, 2026 it held $172.8M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.

Free, no password. An email when VSTM files with the SEC.

Price
$8.73
+0.35% on the day · November 10, 2026
52-week range $3.43 to $10.82
Market cap
$790.6M

Key facts about Verastem, Inc.

Net worth
Verastem, Inc. has a market value (market cap) of $790.6M at the latest share price, and shareholders' equity of $10.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $30.9M (+209.1% year on year), with a net loss of $209.5M.
Cash flow
In fiscal 2025 operations used $137.5M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Verastem, Inc.'s next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Verastem, Inc. does

Verastem, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker VSTM.

Revenue and profit by year

Revenue
FY18: $26.7M $26.7M FY18FY19: $17.5M $17.5M FY19FY20: $88.5M $88.5M FY20FY21: $2.1M $2.1M FY21FY22: $2.6M $2.6M FY22FY24: $10M $10M FY24FY25: $30.9M $30.9M FY25
Net income
FY18: -$72.4M -$72.4M FY18FY19: -$149.2M -$149.2M FY19FY20: -$67.7M -$67.7M FY20FY21: -$71.2M -$71.2M FY21FY22: -$73.8M -$73.8M FY22FY23: -$87.4M -$87.4M FY23FY24: -$130.6M -$130.6M FY24FY25: -$209.5M -$209.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$30.9M-$170.1M-$209.5M-$3.02n/a
2024$10M-$115M-$130.6M-$3.66-$104.8M
2023n/a-$92.1M-$87.4M-$3.96n/a
2022$2.6M-$72.9M-$73.8M-$4.57n/a
2021$2.1M-$61.4M-$71.2M-$4.90-$53.7M
2020$88.5M-$49.4M-$67.7M-$5.26-$33.5M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 3, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 4, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where VSTM ranks in Health care

Revenue$30.9M
#448 of 751 in Health care · Bottom 40%
Revenue growth+209.1%
#30 of 532 in Health care · Top 5%
Net margin-677.6%
#527 of 544 in Health care · Bottom 3%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Verastem, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 5, 2026
  2. November 5, 2026
  3. November 5, 2026
  4. November 5, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 114% to $24M versus the same quarter last year; diluted EPS -$0.74 versus -$1.35.
  5. October 30, 2026
  6. October 14, 2026
  7. October 14, 2026
  8. August 14, 2026
  9. August 7, 2026
  10. August 6, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 5, 2026. Insider transactions on SEC

Insider trades

What the people running Verastem, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $386.4K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$386.4K
last 90 days
Net sold
48,041
$386.4K
DateInsiderWhatSharesPriceValueFiling
November 3, 2026 Paterson DanPresident and CEO, Director Soldpre-planned (10b5-1) 1,299 $9.60 $12.5K Form 4
October 1, 2026 Calkins DanielChief Financial Officer Soldpre-planned (10b5-1) 2,566 $8.00 $20.5K Form 4
October 1, 2026 Paterson DanPresident and CEO, Director Soldpre-planned (10b5-1) 44,121 $8.00 $353K Form 4
September 30, 2026 Calkins DanielChief Financial Officer Received as pay 8,333 - - Form 4
September 30, 2026 Paterson DanPresident and CEO, Director Received as pay 106,893 - - Form 4
September 21, 2026 Calkins DanielChief Financial Officer Soldpre-planned (10b5-1) 55 $7.70 $423.5 Form 4
August 3, 2026 Paterson DanPresident and CEO, Director Soldpre-planned (10b5-1) 1,302 $5.81 $7.6K Form 4
June 22, 2026 Calkins DanielChief Financial Officer Soldpre-planned (10b5-1) 4,032 $4.18 $16.9K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns VSTM

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Deep Track Capital, LP13G, passive with 2 related filers 9.99% 7,719,390 November 21, 2025
RTW Investments, LP13G, passive with 1 related filers 9.9% 9,018,724 May 15, 2026
Armistice Capital, LLC13G, passive with 1 related filers 7.76% 7,024,000 August 14, 2026
Vanguard Capital Management13G, passive 5.03% 4,423,544 July 31, 2026

Latest filings below 5%: Polar Capital Holdings Plc 4.8% (July 8, 2026); Balyasny Asset Management L.P. 1.55% (May 15, 2026); Foresite Capital Fund VI LP 3.6% (May 15, 2026); The Vanguard Group 0% (March 27, 2026); Point72 Asset Management, L.P. 1.3% (February 17, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 158 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.9,192,447$35.1M+2,997,522
Nantahala Capital Management, LLC7,169,640$27.4M+3,584,820
Armistice Capital, LLC7,024,000$26.8M+2,432,000
Rtw Investments, LP6,635,793$25.3M+59,487
Deep Track Capital, LP5,740,850$21.9M0
State Street Corp5,133,859$19.6M+1,617,208
Rosalind Advisors, Inc.3,986,509$15.2M+1,848,034
Vanguard Capital Management LLC3,851,508$14.7M+528,738
Stonepine Capital Management, LLC3,349,627$12.8M+47,327
Vanguard Portfolio Management LLC3,266,870$12.5M+2,509,995
Foresite Capital Management VI LLC3,146,631$12M0
Goldman Sachs Group Inc2,721,178$10.4M+1,237,175
Baker Bros. Advisors LP2,499,338$9.5M+1,914,581
Alyeska Investment Group, L.P.2,289,625$8.7M+239,625
Millennium Management LLC2,078,003$7.9M-333,962
Geode Capital Management, LLC2,074,145$7.9M+356,588
AIGH Capital Management LLC1,927,000$7.4M-73,000
Opaleye Management Inc.1,800,000$6.9Mnew
Balyasny Asset Management L.P.1,686,575$6.4M+1,276,796
Qube Research & Technologies Ltd1,628,488$6.2M+152,460

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

12 insiders reported holding 1,378,348 shares in total, about $12M at the last price.

HolderSharesAs of
Paterson DanPresident and CEO, Director 651,413 November 3, 2026
Stuglik Brian MDirector 137,147 May 21, 2026
Calkins DanielChief Financial Officer 123,781 October 1, 2026
Bailey Michael PDirector 108,000 May 21, 2026
Tollefson Karin AnnaDirector 52,666 May 21, 2026
Johnson JohnDirector 52,666 May 21, 2026
Kapur AnilDirector 52,666 May 21, 2026
Robertson MichelleDirector 52,666 May 21, 2026
Rowinsky Eric KDirector 52,666 May 21, 2026
Bunn Paul A.Director 44,333 May 21, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about VSTM

What does Verastem, Inc. do?

Verastem, Inc. is a company in the Health care sector, listed on NASDAQ as VSTM. Its shares trade on NASDAQ under the ticker VSTM.

What is Verastem, Inc.'s net worth?

Verastem, Inc. has a market value (market cap) of $790.6M at the latest share price, and shareholders' equity of $10.1M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Verastem, Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $178.9M.

When did Verastem, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.

When is Verastem, Inc.'s next earnings report?

Verastem, Inc.'s next report is expected around February 3, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Verastem, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.