Vera Bradley Financials
This page shows Vera Bradley (VRA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vera Bradley has an operating margin of -11.4%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 2.2% the prior year.
Vera Bradley's revenue declined 21% year-over-year, from $470.8M to $372.0M. This contraction results in a growth score of 0/100.
Vera Bradley carries a low D/E ratio of 0.83, meaning only $0.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.28, Vera Bradley holds $2.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
While Vera Bradley generated -$14.1M in operating cash flow, capex of $10.4M consumed most of it, leaving -$24.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Vera Bradley passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Vera Bradley generates $0.23 in operating cash flow (-$14.1M OCF vs -$62.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Vera Bradley earns $-37.9 in operating income for every $1 of interest expense (-$42.4M vs $1.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Vera Bradley generated $372.0M in revenue in fiscal year 2025. This represents a decrease of 21.0% from the prior year.
Vera Bradley's EBITDA was -$33.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 283.7% from the prior year.
Vera Bradley generated -$24.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 155.3% from the prior year.
Vera Bradley reported -$62.2M in net income in fiscal year 2025. This represents a decrease of 893.4% from the prior year.
Vera Bradley earned $-2.15 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 960.0% from the prior year.
Vera Bradley held $11.3M in cash against $0 in long-term debt as of fiscal year 2025.
Vera Bradley had 28M shares outstanding in fiscal year 2025. This represents a decrease of 10.0% from the prior year.
Vera Bradley's gross margin was 50.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.2 percentage points from the prior year.
Vera Bradley's operating margin was -11.4% in fiscal year 2025, reflecting core business profitability. This is down 13.6 percentage points from the prior year.
Vera Bradley's net profit margin was -16.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.4 percentage points from the prior year.
Vera Bradley spent $21.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 892.9% from the prior year.
Vera Bradley invested $10.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 175.1% from the prior year.
VRA Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q3'26 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.3M-12.1% | $70.9M+37.2% | $51.7M-63.0% | $139.5M+21.3% | $115.0M-10.3% | $128.2M+35.8% | $94.4M-35.8% | $147.1M |
| Cost of Revenue | $36.1M+2.0% | $35.4M+22.4% | $28.9M-59.8% | $71.9M+38.2% | $52.0M-7.4% | $56.2M+31.8% | $42.6M-51.0% | $87.1M |
| Gross Profit | $26.2M-26.2% | $35.5M+55.9% | $22.8M-66.4% | $67.7M+7.4% | $63.0M-12.5% | $72.0M+39.2% | $51.7M-13.8% | $60.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $38.7M-4.4% | $40.4M-0.9% | $40.8M-53.4% | $87.6M+55.4% | $56.4M-5.1% | $59.4M+1.5% | $58.5M-16.4% | $70.0M |
| Operating Income | -$12.2M-165.1% | -$4.6M+74.3% | -$17.9M+31.3% | -$26.0M-482.8% | $6.8M-47.3% | $12.9M+301.6% | -$6.4M+87.2% | -$49.8M |
| Interest Expense | -$135K-0.7% | -$134K-274.0% | $77K-63.2% | $209K+254.2% | $59K-6.3% | $63K+31.3% | $48K+500.0% | $8K |
| Income Tax | $56K+429.4% | -$17K-104.2% | $407K-98.2% | $23.2M+1088.6% | $2.0M-45.8% | $3.6M+307.3% | -$1.7M+81.1% | -$9.2M |
| Net Income | -$12.4M-164.7% | -$4.7M+86.0% | -$33.5M+28.8% | -$47.0M-1017.8% | $5.1M-44.7% | $9.3M+297.8% | -$4.7M+83.4% | -$28.2M |
| EPS (Diluted) | $-0.44-158.8% | $-0.17+85.8% | $-1.20+25.9% | $-1.62-1112.5% | $0.16-46.7% | $0.30+300.0% | $-0.15+83.5% | $-0.91 |
VRA Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q3'26 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $243.7M-8.5% | $266.2M-0.7% | $267.9M-12.6% | $306.7M-19.9% | $382.8M-2.2% | $391.5M+3.0% | $379.9M-6.1% | $404.5M |
| Current Assets | $122.3M-12.9% | $140.5M+3.6% | $135.5M-17.8% | $164.9M-25.5% | $221.4M-3.1% | $228.6M+10.1% | $207.6M-8.4% | $226.6M |
| Cash & Equivalents | $10.7M-29.3% | $15.2M+34.6% | $11.3M-60.6% | $28.6M-45.2% | $52.3M+7.7% | $48.5M+91.5% | $25.3M-45.6% | $46.6M |
| Inventory | $82.9M-14.2% | $96.7M-2.5% | $99.2M+8.4% | $91.4M-29.2% | $129.1M-7.3% | $139.3M-2.4% | $142.7M+0.3% | $142.3M |
| Accounts Receivable | $19.0M+11.7% | $17.0M+16.4% | $14.6M+5.7% | $13.8M-46.1% | $25.6M+6.9% | $23.9M+18.3% | $20.2M-8.4% | $22.1M |
| Goodwill | $44.6M+0.8% | $44.3M0.0% | $44.3M0.0% | $44.3M+78.2% | $24.8M0.0% | $24.8M-43.9% | $44.3M | $0 |
| Total Liabilities | $115.6M-8.0% | $125.7M+3.1% | $121.9M-4.6% | $127.7M+5.6% | $121.0M-10.4% | $135.0M+1.5% | $132.9M-6.7% | $142.4M |
| Current Liabilities | $48.6M-15.8% | $57.7M-3.0% | $59.5M+2.6% | $58.0M+1.8% | $57.0M-16.4% | $68.2M+11.8% | $61.0M-9.9% | $67.7M |
| Long-Term Debt | $10.0M0.0% | $10.0M-83.3% | $60.0M | $0-100.0% | $30.0M+18.6% | $25.3M+245.5% | $7.3M-70.8% | $25.1M |
| Total Equity | $128.1M-8.8% | $140.5M-3.8% | $146.0M-18.4% | $179.0M-31.7% | $261.9M+2.1% | $256.5M+3.9% | $247.0M-1.7% | $251.4M |
| Retained Earnings | $169.8M-6.8% | $182.1M-2.5% | $186.8M-15.2% | $220.3M-22.5% | $284.3M+1.8% | $279.2M+3.4% | $269.9M-1.7% | $274.6M |
VRA Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q3'26 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M+25.8% | -$5.4M+69.9% | -$17.9M-182.7% | $21.7M+326.0% | $5.1M-79.4% | $24.7M+382.5% | -$8.8M-137.5% | $23.3M |
| Capital Expenditures | $452K-39.1% | $742K-60.3% | $1.9M-56.7% | $4.3M+427.8% | $819K-9.9% | $909K+11.1% | $818K-35.6% | $1.3M |
| Free Cash Flow | -$4.5M+27.4% | -$6.1M+69.0% | -$19.8M-214.1% | $17.3M+306.5% | $4.3M-82.1% | $23.8M+348.8% | -$9.6M-143.4% | $22.1M |
| Investing Cash Flow | -$452K+25.7% | -$608K+37.2% | -$968K+77.6% | -$4.3M-427.8% | -$819K+9.9% | -$909K+91.6% | -$10.8M-751.1% | -$1.3M |
| Financing Cash Flow | -$17K-100.2% | $10.0M+5931.0% | -$171K+73.4% | -$644K-25.0% | -$515K+24.6% | -$683K+59.2% | -$1.7M-113.5% | -$784K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0 | $0-100.0% | $585K+20.6% | $485K-29.0% | $683K-6.7% | $732K-6.6% | $784K |
VRA Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q3'26 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1%-8.0pp | 50.1%+6.0pp | 44.1%-4.4pp | 48.5%-6.3pp | 54.8%-1.4pp | 56.2%+1.3pp | 54.8%+14.0pp | 40.8% |
| Operating Margin | -19.6%-13.1pp | -6.5%+28.1pp | -34.6%-16.0pp | -18.6%-24.5pp | 5.9%-4.1pp | 10.0%+16.8pp | -6.8%+27.1pp | -33.8% |
| Net Margin | -19.9%-13.3pp | -6.6%+58.2pp | -64.8%-31.1pp | -33.7%-38.1pp | 4.5%-2.8pp | 7.2%+12.2pp | -5.0%+14.2pp | -19.1% |
| Return on Equity | 0.1%-2.3pp | 2.4%-0.2pp | 2.5%-1.6pp | 4.1%+2.2pp | 1.9%-1.7pp | 3.6%+2.8pp | 0.9%-0.7pp | 1.6% |
| Return on Assets | -5.1%-3.3pp | -1.8%+10.7pp | -12.5%+2.8pp | -15.3%-16.7pp | 1.3%-1.0pp | 2.4%+3.6pp | -1.2%+5.7pp | -7.0% |
| Current Ratio | 2.52+0.1 | 2.43+0.2 | 2.28-0.6 | 2.84-1.0 | 3.89+0.5 | 3.35-0.1 | 3.40+0.1 | 3.35 |
| Debt-to-Equity | 0.080.0 | 0.07-0.8 | 0.83+0.8 | 0.00-0.5 | 0.46-0.1 | 0.53-0.0 | 0.54-0.0 | 0.57 |
| FCF Margin | -7.2%+1.5pp | -8.7%+29.6pp | -38.3%-50.7pp | 12.4%+8.7pp | 3.7%-14.9pp | 18.6%+28.7pp | -10.1%-25.1pp | 15.0% |
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Frequently Asked Questions
What is Vera Bradley's annual revenue?
Vera Bradley (VRA) reported $372.0M in total revenue for fiscal year 2025. This represents a -21.0% 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 Vera Bradley's revenue growing?
Vera Bradley (VRA) revenue declined by 21% year-over-year, from $470.8M to $372.0M in fiscal year 2025.
Is Vera Bradley profitable?
No, Vera Bradley (VRA) reported a net income of -$62.2M in fiscal year 2025, with a net profit margin of -16.7%.
What is Vera Bradley's earnings per share (EPS)?
Vera Bradley (VRA) reported diluted earnings per share of $-2.15 for fiscal year 2025. This represents a -960.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Vera Bradley's EBITDA?
Vera Bradley (VRA) had EBITDA of -$33.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vera Bradley's gross margin?
Vera Bradley (VRA) had a gross margin of 50.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vera Bradley's operating margin?
Vera Bradley (VRA) had an operating margin of -11.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vera Bradley's net profit margin?
Vera Bradley (VRA) had a net profit margin of -16.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vera Bradley's free cash flow?
Vera Bradley (VRA) generated -$24.5M in free cash flow during fiscal year 2025. This represents a -155.3% 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 Vera Bradley's operating cash flow?
Vera Bradley (VRA) generated -$14.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vera Bradley's total assets?
Vera Bradley (VRA) had $267.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Vera Bradley's capital expenditures?
Vera Bradley (VRA) invested $10.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Vera Bradley buy back shares?
Yes, Vera Bradley (VRA) spent $21.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Vera Bradley have outstanding?
Vera Bradley (VRA) had 28M shares outstanding as of fiscal year 2025.
What is Vera Bradley's current ratio?
Vera Bradley (VRA) had a current ratio of 2.28 as of fiscal year 2025, which is generally considered healthy.
What is Vera Bradley's debt-to-equity ratio?
Vera Bradley (VRA) had a debt-to-equity ratio of 0.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vera Bradley's return on assets (ROA)?
Vera Bradley (VRA) had a return on assets of -23.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vera Bradley's cash runway?
Based on fiscal year 2025 data, Vera Bradley (VRA) had $11.3M in cash against an annual operating cash burn of $14.1M. This gives an estimated cash runway of approximately 10 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Vera Bradley's Piotroski F-Score?
Vera Bradley (VRA) has a Piotroski F-Score of 3 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vera Bradley's earnings high quality?
Vera Bradley (VRA) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). 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 Vera Bradley cover its interest payments?
Vera Bradley (VRA) has an interest coverage ratio of -37.9x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Vera Bradley?
Vera Bradley (VRA) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.