Saturday 7 November 2026
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Veru Inc.
VERU Healthcare Biotechnology
Veru Inc.’s revenue for fiscal 2024 (year ended September 2024) was $16.9 million, up 3.62% from fiscal 2023.
- EPS
- +40.0%
- Free cash flow
- +0.27%
Quarter to June 2026, against a year earlier
2.14
0.08
+3.88%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 22 | 14 | 16 | 32 | 43 | 61 | 39 | 16 | 17 | — | 19 | (3.3%) | 13 | 13 | 13 | 0.0% | |
| Gross margin, % | 60.33 | 51.40 | 55.30 | 68.10 | 72.28 | 78.24 | 77.73 | 46.43 | 34.67 | — | 43.39 | (25.7) pt | ||||||
| EBT | 3 | (9) | (23) | (12) | (20) | 4 | (84) | (93) | (35) | (16) | (14) | n/m | ||||||
| EBT margin, % | 12.72 | (63.00) | (145.43) | (38.74) | (47.08) | 6.96 | (212.95) | (568.65) | (208.81) | 0.00 | 0.00 | (12.7) pt | ||||||
| Net income | 0 | (7) | (24) | (12) | (19) | 7 | (84) | (93) | (38) | (23) | (14) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 7.72 | 3.94 | 2.95 | 5.02 | 6.38 | 8.03 | 4.91 | 1.92 | 1.25 | 0.00 | 0.00 | n/m | |||||
| Earnings | 0.10 | (2.50) | (4.40) | (1.90) | (2.80) | 1.00 | (10.50) | (11.00) | (2.80) | (1.55) | (0.58) | n/m | ||||||
| Cash flow | (0.60) | 0.28 | (2.14) | (0.87) | (0.29) | (2.04) | (5.93) | (10.36) | (1.61) | (2.05) | (1.13) | +14.7% | ||||||
| Capex | 0.00 | (0.04) | (0.01) | (0.02) | (0.02) | (0.05) | (0.09) | (0.08) | (0.01) | 0.00 | 0.00 | (29.1%) | ||||||
| Free cash flow | (0.60) | 0.25 | (2.15) | (0.88) | (0.30) | (2.09) | (6.02) | (10.44) | (1.62) | (2.05) | (1.13) | +14.6% | ||||||
| Book value | 11.84 | 13.99 | 5.47 | 5.11 | 4.51 | 19.97 | 10.33 | 2.32 | 2.40 | 1.25 | 1.23 | (22.1%) | ||||||
| Shares, m | 3 | 3 | 5 | 6 | 7 | 8 | 8 | 8 | 13 | 15 | 20 | +19.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 108.73 | 0.00 | 0.00 | 0.00 | 0.00 | 65.62 | 0.00 | 0.00 | 0.00 | — | 0.00 | 19.4 | |||||
| P/S | 1.58 | 5.76 | 4.45 | 4.30 | 4.11 | 10.62 | 23.45 | 3.80 | 5.57 | — | 2.65 | 7.1 | ||||||
| P/B | 1.03 | 1.62 | 2.39 | 4.23 | 5.81 | 4.27 | 11.15 | 3.15 | 3.21 | — | 1.74 | 4.1 | ||||||
| EV/Sales | 1.47 | 5.52 | 4.80 | 4.36 | 3.98 | 8.68 | 21.50 | 3.41 | 4.37 | — | 1.44 | 6.5 | ||||||
| EV/FCF | (18.94) | 88.72 | (6.57) | (24.79) | (83.25) | (33.33) | (17.54) | (0.63) | (3.69) | — | (1.03) | (11.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (2) | 1 | (12) | (5) | (2) | (16) | (48) | (88) | (22) | (30) | (26) | +37.5% | |||||
| Capex | 0 | 0 | 0 | 0 | 0 | 0 | (1) | (1) | 0 | 0 | 0 | (17.8%) | ||||||
| Free cash flow | (2) | 1 | (12) | (6) | (2) | (16) | (48) | (89) | (22) | (30) | (26) | +37.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 13 | 5 | (2) | 3 | 12 | 136 | 65 | 5 | 23 | 11 | 21 | (1.7%) | |||||
| Net debt | (2) | (3) | 6 | 2 | (8) | (122) | (80) | (10) | (26) | (18) | (26) | +25.4% | ||||||
| Shareholders’ equity | 34 | 48 | 29 | 32 | 30 | 152 | 83 | 20 | 32 | 18 | 28 | (6.6%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.91 | (18.31) | (46.13) | (23.54) | (36.08) | 6.44 | (53.61) | (100.50) | (68.45) | (50.36) | (42.29) | (51.3) pt | |||||
| ROIC | 5.98 | (11.75) | (37.15) | (11.72) | (41.21) | 27.09 | (2,001.85) | (583.07) | (339.52) | (120,852.54) | (464.03) | (120,858.5) pt | ||||||
| ROE | 1.03 | (20.88) | (61.43) | (38.88) | (60.77) | 8.11 | (71.50) | (181.80) | (145.40) | (89.74) | (62.25) | (90.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 156 | 175 | 171 | 386 | 339 | 252 | 233 | 189 | 210 | 20 | — | (20.4%) | |||||
| Revenue/emp, $m | 0.14 | 0.08 | 0.09 | 0.08 | 0.13 | 0.24 | 0.17 | 0.09 | 0.08 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2024 · latest quarter Sep 2024 · fundamentals updated 26 Oct 2026
Veru Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GRCE Grace Therapeutics, Inc. | $37.5M | — (loss-making) | — (loss-making) | +5,127.27% (above 0%: growing) | n/m | −78.85% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| ALDX Aldeyra Therapeutics, Inc. | $37.2M | — (loss-making) | — | — | n/m | +46.09% (above 0%: growing) | 0.00% | 0.00% | Compare |
| TVGN Tevogen Inc. | $36.2M | — (loss-making) | — | — | n/m | +5.78% (above 0%: growing) | — | 0.00% | Compare |
| PTHS Pelthos Therapeutics Inc. | $35.6M | — (loss-making) | — (loss-making) | — | n/m | −1,614.99% (below 0%: shrinking) | 76.86% | (111.02%) | Compare |
| VERU Veru Inc. | $35.1M | — (loss-making) | — (loss-making) | +99.23% (above 0%: growing) | n/m | +0.27% (above 0%: growing) | 67.84% | 0.00% | |
| LIANY LianBio Sponsored ADR | $34.2M | 0.0× | — | — | n/m | +1,107.59% (above 0%: growing) | 0.00% | 0.00% | Compare |
| GRDX GridAI Technologies Corp. | $33.3M | — (loss-making) | — | — | n/m | −2,640.98% (below 0%: shrinking) | (42.49%) | (15,258.21%) | Compare |
| NNVC NanoViricides, Inc. | $32.9M | — (loss-making) | — | — | n/m | −23.94% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| PMN Promis Neurosciences | $32.7M | — (loss-making) | — | 0.00% | n/m | −169.46% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $34.9M | — | — | — | — | −51.39% | 0.00% | 0.00% |
Pay and ownership Proxy statement filed 28 January 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 1.65m | 1.38m | 3.30 |
| 2024 | 1.98m | 1.83m | 6.68 |
| 2023 | 4.71m | (5.95m) | 6.25 |
Ownership
Directors and executive officers, together
14.20%
Alyeska Master Fund, L.P.
9.99%
Mitchell S. Steiner, M.D., F.A.C.S.
6.30%
Harry Fisch, M.D., F.A.C.S.
5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement