VENUS CONCEPT INC (VERO) Financials
Newest figures come from the 10-Q for Q3 FY2025, filed Nov 13, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VERO SEC filings page.
VENUS CONCEPT INC (VERO) reported $58.9M in revenue over the twelve months to Sep 30, 2025, down 12.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Venus Concept still earns gross profit, but shrinking sales and financing-supported losses have eroded equity and increased reliance on outside funding.
Revenue fell38.6% from FY2021 to FY2024 even as gross margin stayed near70.0% , indicating that product-level economics held while less volume supported the cost base. Operating margin moved from-14.0% to-41.9% , showing that the main deterioration occurred below gross profit rather than in production costs.
Liabilities were nearly the size of assets in FY2024, leaving only
FY2024 operating cash flow was
Financial Health Signals
VENUS CONCEPT INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
VENUS CONCEPT INC scores -6.38, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($577K) relative to total liabilities ($65.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
VENUS CONCEPT INC passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
VENUS CONCEPT INC reported a net loss of $47.0M while operations used $11.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
VENUS CONCEPT INC reported an operating loss of $27.2M against $6.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
VENUS CONCEPT INC generated $13.8M in revenue in Q3 2025. This represents a decrease of 8.2% from the same quarter a year earlier. Against the prior quarter it is down 12.2%.
VENUS CONCEPT INC's EBITDA was -$8.5M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.7% from the same quarter a year earlier. Against the prior quarter it is down 5.4%.
VENUS CONCEPT INC reported -$22.6M in net income in Q3 2025. This represents a decrease of 143.0% from the same quarter a year earlier. Against the prior quarter it is down 92.5%.
VENUS CONCEPT INC earned -$12.14 per diluted share (EPS) in Q3 2025. Against the prior quarter it is down 51.2%.
Cash & Balance Sheet
VENUS CONCEPT INC recorded an outflow of $4.9M in free cash flow in Q3 2025, representing a cash shortfall after capex. This represents a decrease of 60.7% from the same quarter a year earlier. Against the prior quarter it is up 12.5%.
VENUS CONCEPT INC held $4.3M in cash against $5.0M in long-term debt as of Q3 2025, with $50.6M of liabilities due within a year.
Not reported for Q3 2025.
Margins & Returns
VENUS CONCEPT INC's gross margin was 64.0% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.
VENUS CONCEPT INC's operating margin was -68.9% in Q3 2025, reflecting core business profitability. This is down 21.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 11.3 percentage points.
VENUS CONCEPT INC's ROE was -844.2% in Q3 2025, measuring profit generated per dollar of shareholder equity. This is down 752.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 340.5 percentage points.
Not shown for Q3 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
VENUS CONCEPT INC invested $1.3M in research and development in Q3 2025. This represents a decrease of 24.3% from the same quarter a year earlier. Against the prior quarter it is down 5.5%.
VENUS CONCEPT INC invested $17K in capex in Q3 2025, funding long-term assets and infrastructure. This represents an increase of 325.0% from the same quarter a year earlier. Against the prior quarter it is down 89.5%.
Not reported for Q3 2025.
VERO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8M-8.2% | $15.7M-5.4% | $13.6M-21.9% | $15.8M-13.1% | $15.0M-14.8% | $16.6M-17.4% | $17.5M-14.9% | $18.1M-25.3% |
| Cost of Revenue | $5.0M-2.5% | $6.3M+32.3% | $4.9M-16.2% | $4.9M-19.7% | $5.1M-6.4% | $4.7M-19.2% | $5.8M-14.6% | $6.1M-28.6% |
| Gross Profit | $8.8M-11.1% | $9.4M-20.4% | $8.8M-24.8% | $10.9M-9.7% | $9.9M-18.6% | $11.8M-16.7% | $11.6M-15.0% | $12.1M-23.6% |
| R&D Expenses | $1.3M-24.3% | $1.4M-22.0% | $1.6M-12.8% | $1.5M-11.7% | $1.7M-12.1% | $1.7M-11.6% | $1.8M-32.3% | $1.7M-35.1% |
| SG&A Expenses | $9.6M+10.5% | $9.4M+8.9% | $9.7M-5.0% | $8.8M-12.7% | $8.7M-13.7% | $8.7M-10.1% | $10.2M-8.4% | $10.1M-21.0% |
| Operating Income | -$9.5M-32.7% | -$9.0M-61.6% | -$9.5M-22.8% | -$6.7M+12.6% | -$7.2M-5.8% | -$5.6M+2.8% | -$7.8M+4.8% | -$7.6M+14.1% |
| EBITDA | -$8.5M-37.7% | -$8.1M-75.0% | -$8.6M-26.4% | -$5.7M+13.9% | -$6.2M-7.5% | -$4.6M+1.0% | -$6.8M+5.1% | -$6.6M+14.9% |
| Interest Expense | $1.1M-22.9% | $1.1M-39.3% | $1.3M-36.4% | $1.1M-50.2% | $1.5M-3.4% | $1.8M+23.1% | $2.1M+43.9% | $2.2M+64.0% |
| Income Tax | $531K+1812.9% | $214K+51.8% | $338K+813.5% | -$758K-335.6% | -$31K+90.3% | $141K-25.4% | $37K-84.3% | -$174K+78.6% |
| Net Income | -$22.6M-143.0% | -$11.7M+41.3% | -$12.4M-26.2% | -$8.0M+28.3% | -$9.3M-2.4% | -$20.0M-169.3% | -$9.8M-1.4% | -$11.1M-12.1% |
| EPS (Basic) | -$12.14+7.3% | -$8.03+74.0% | -$17.44-3.1% | -$65.25-2.5% | -$13.10-698.8% | -$30.93-2191.1% | -$16.92-819.6% | -$63.64-45357.1% |
| EPS (Diluted) | -$12.14 | -$8.03 | -$17.44 | -$65.25 | -$13.10 | -$30.93 | -$16.92 | -$63.64 |
| Diluted Shares (Avg) | 2M | 1M | 709,000 | N/A | 709,000 | 645,000 | 579,000 | N/A |
VERO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $61.6M-14.7% | $63.1M-20.9% | $63.5M-25.4% | $68.2M-27.2% | $72.3M-26.9% | $79.8M-24.9% | $85.1M-24.6% | $93.7M-25.3% |
| Current Assets | $45.8M-10.5% | $45.1M-20.7% | $45.6M-24.9% | $48.5M-27.0% | $51.2M-28.6% | $56.9M-24.9% | $60.7M-21.9% | $66.4M-20.9% |
| Cash & Equivalents | $4.3M-3.9% | $3.9M-32.3% | $3.2M-37.1% | $4.3M-20.8% | $4.5M-8.9% | $5.7M-6.4% | $5.1M-20.7% | $5.4M-53.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $15.8M-16.6% | $15.9M-19.8% | $17.6M-15.9% | $17.6M-23.9% | $18.9M-19.2% | $19.8M-13.8% | $21.0M-7.5% | $23.1M-3.5% |
| Accounts Receivable | $16.5M-21.8% | $15.8M-35.9% | $16.8M-38.2% | $18.7M-35.8% | $21.1M-38.3% | $24.6M-34.5% | $27.2M-30.6% | $29.2M-21.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $58.5M-5.1% | $60.3M-20.0% | $60.7M-43.2% | $65.3M-39.0% | $61.6M-44.1% | $75.4M-32.5% | $107.0M-5.3% | $107.1M-8.2% |
| Current Liabilities | $50.6M+84.4% | $41.1M+44.1% | $35.6M+20.9% | $30.3M-2.8% | $27.5M+5.6% | $28.5M-18.3% | $29.4M-18.7% | $31.2M-21.3% |
| Non-Current Liabilities | $7.8M-77.1% | $19.2M-59.0% | $25.1M-67.6% | $35.1M-53.8% | $34.2M-59.5% | $46.8M-39.0% | $77.5M+0.9% | $75.9M-1.4% |
| Long-Term Debt | $5.0M-83.4% | $15.9M-62.6% | $21.6M-70.3% | $31.4M-55.6% | $30.0M-62.0% | $42.4M-40.0% | $72.6M+3.5% | $70.8M+1.1% |
| Total Equity | $2.7M-73.6% | $2.3M-37.1% | $2.3M+110.1% | $2.4M+116.9% | $10.1M+183.1% | $3.7M+159.5% | -$22.5M-2438.0% | -$14.0M-273.2% |
| Retained Earnings | -$355.5M-18.1% | -$333.0M-14.2% | -$321.3M-18.2% | -$308.9M-17.9% | -$300.9M-20.0% | -$291.6M-20.7% | -$271.7M-16.0% | -$261.9M-16.9% |
Not reported in any period shown, so not listed: Goodwill.
VERO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.9M-60.4% | -$5.4M-309.0% | -$6.3M-119.2% | -$3.8M-391.9% | -$3.0M+25.2% | -$1.3M+37.2% | -$2.9M+51.1% | -$774K+77.3% |
| Depreciation & Amortization | $976K+0.5% | $955K-2.2% | $950K-2.6% | $965K-10.1% | $971K-3.8% | $976K-10.5% | $975K-3.2% | $1.1M-8.3% |
| Stock-Based Compensation | $135K-43.5% | $137K-42.7% | $207K-38.9% | N/A | $239K-34.3% | $239K-35.2% | $339K-29.5% | N/A |
| Capital Expenditures | $17K+325.0% | $162K+636.4% | $35K+40.0% | $80K+196.3% | -$4K+33.3% | $22K0.0% | $25K-64.3% | $27K-30.8% |
| Free Cash Flow | -$4.9M-60.7% | -$5.6M-314.3% | -$6.3M-118.6% | -$3.9M-385.3% | -$3.1M+25.1% | -$1.4M+36.8% | -$2.9M+51.3% | -$801K+76.8% |
| Investing Cash Flow | -$17K-525.0% | -$162K-636.4% | -$35K-40.0% | -$80K-196.3% | $4K+33.3% | -$22K0.0% | -$25K+64.3% | -$27K+30.8% |
| Financing Cash Flow | $6.0M+231.5% | $7.3M+264.0% | $5.3M+103.3% | $3.7M+188.7% | $1.8M-37.3% | $2.0M+7.9% | $2.6M+223.0% | $1.3M-84.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
VERO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.0%-2.1pp | 60.1%-11.4pp | 64.2%-2.5pp | 69.1%+2.5pp | 66.1%-3.1pp | 71.5%+0.6pp | 66.6%-0.1pp | 66.5%+1.5pp |
| Operating Margin | -68.9%-21.2pp | -57.6%-23.9pp | -69.8%-25.4pp | -42.3%-0.2pp | -47.7%-9.3pp | -33.8%-5.1pp | -44.4%-4.7pp | -42.1%-5.5pp |
| Net Margin | -163.8% | -74.7% | -90.6%-34.6pp | -50.5%+10.8pp | -61.9%-10.4pp | -120.3% | -56.0%-9.0pp | -61.3%-20.5pp |
| Return on Equity | -844.2%-752.3pp | -503.7%+35.2pp | -546.5% | -336.2% | -91.9% | -538.9% | N/A | N/A |
| Return on Assets | -36.6%-23.8pp | -18.6%+6.4pp | -19.5%-8.0pp | -11.7%+0.2pp | -12.8%-3.7pp | -25.0%-18.0pp | -11.5%-2.9pp | -11.9%-4.0pp |
| Current Ratio | 0.90-1.0x | 1.10-0.9x | 1.28-0.8x | 1.60-0.5x | 1.86-0.9x | 1.99-0.2x | 2.06-0.1x | 2.130.0x |
| Debt-to-Equity | 1.87-1.1x | 6.82-4.6x | 9.53 | 13.27 | 2.97 | 11.45 | N/A | N/A |
| Asset Turnover | 0.220.0x | 0.250.0x | 0.210.0x | 0.230.0x | 0.210.0x | 0.210.0x | 0.210.0x | 0.190.0x |
| FCF Margin | -35.6%-15.3pp | -35.8%-27.6pp | -46.5%-29.9pp | -24.7%-20.2pp | -20.3%+2.8pp | -8.2%+2.5pp | -16.6%+12.4pp | -4.4%+9.8pp |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| VENUS CONCEPT INC VERO | FY2024 | $64.8M | -$47.0M | -72.5% | $577K | — |
| Nuwellis, Inc. NUWE | FY2025 | $8.3M | -$17.5M | N/A | $2.2M | 45/100 |
| NanoVibronix, Inc. NAOV | FY2025 | $2.6M | -$18.2M | N/A | $4.4M | 28/100 |
| Bone Biologics Corp BBLG | FY2025 | N/A | -$3.1M | N/A | $1.3M | — |
| Tivic Health Systems, Inc. TIVC | FY2025 | N/A | -$8.9M | N/A | $4.0M | — |
| Catheter Precision, Inc. VTAK | FY2025 | $819K | -$17.2M | N/A | $549K | — |
Where VENUS CONCEPT INC Ranks
Frequently Asked Questions
What is VENUS CONCEPT INC's annual revenue?
VENUS CONCEPT INC (VERO) reported $64.8M in total revenue for fiscal year 2024. This represents a -15.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is VENUS CONCEPT INC's revenue growing?
VENUS CONCEPT INC (VERO) revenue declined by 15.1% year-over-year, from $76.4M to $64.8M in fiscal year 2024.
Is VENUS CONCEPT INC profitable?
No, VENUS CONCEPT INC (VERO) reported a net income of -$47.0M in fiscal year 2024, with a net profit margin of -72.5%.
What is VENUS CONCEPT INC's EBITDA?
VENUS CONCEPT INC (VERO) had EBITDA of -$23.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does VENUS CONCEPT INC have?
As of fiscal year 2024, VENUS CONCEPT INC (VERO) had $4.3M in cash and equivalents against $31.4M in long-term debt.
What is VENUS CONCEPT INC's gross margin?
VENUS CONCEPT INC (VERO) had a gross margin of 68.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is VENUS CONCEPT INC's operating margin?
VENUS CONCEPT INC (VERO) had an operating margin of -41.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is VENUS CONCEPT INC's net profit margin?
VENUS CONCEPT INC (VERO) had a net profit margin of -72.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is VENUS CONCEPT INC's return on equity (ROE)?
VENUS CONCEPT INC (VERO) has a return on equity of -1983.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is VENUS CONCEPT INC's free cash flow?
VENUS CONCEPT INC (VERO) recorded an outflow of $11.2M in free cash flow during fiscal year 2024. This represents a 13.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is VENUS CONCEPT INC's operating cash flow?
VENUS CONCEPT INC (VERO) recorded an outflow of $11.1M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are VENUS CONCEPT INC's total assets?
VENUS CONCEPT INC (VERO) had $68.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are VENUS CONCEPT INC's capital expenditures?
VENUS CONCEPT INC (VERO) invested $123K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does VENUS CONCEPT INC spend on research and development?
VENUS CONCEPT INC (VERO) invested $6.7M in research and development during fiscal year 2024.
What is VENUS CONCEPT INC's current ratio?
VENUS CONCEPT INC (VERO) had a current ratio of 1.60 as of fiscal year 2024, which is generally considered healthy.
What is VENUS CONCEPT INC's debt-to-equity ratio?
VENUS CONCEPT INC (VERO) had a debt-to-equity ratio of 13.27 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VENUS CONCEPT INC's return on assets (ROA)?
VENUS CONCEPT INC (VERO) had a return on assets of -68.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
How does VENUS CONCEPT INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, VENUS CONCEPT INC (VERO) held $4.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $11.1M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is VENUS CONCEPT INC's Altman Z-Score?
VENUS CONCEPT INC (VERO) has an Altman Z-Score of -6.38, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is VENUS CONCEPT INC's Piotroski F-Score?
VENUS CONCEPT INC (VERO) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VENUS CONCEPT INC's earnings high quality?
VENUS CONCEPT INC (VERO) reported a net loss of $47.0M while operations used $11.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can VENUS CONCEPT INC cover its interest payments?
VENUS CONCEPT INC (VERO) reported an operating loss of $27.2M against $6.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.