NASDAQ$VSTM

Verastem Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

VSTM Q2 2024 — $50.0M revenue

Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause our actual results could differ materially from those expressed or impli. Verastem Inc reported Q2 2024 results. Net income of $43.4M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $50.0M.
  • Net income: $43.4M.
  • Filed on Form 10-Q (accession 0001558370-24-011599).

Headline financials

Total Revenue

$10M

Previous: $2.6M+285.2%
EPS (adj)

-$0.61

Previous: -$1.06+42.5%
Capital Expenditures

-$7K

No prior period
Net Income

-$8.26M

Previous: -$24.3M+66.0%
Operating Income

-$18.3M

Previous: -$20.3M+9.9%
Gross Profit

$9.99M

Previous: $0.00
R&D Expense

$18.1M

No prior period
Stock-Based Comp

$1.91M

Previous: $1.43M+33.0%

Revenue & EPS history

Verastem · Revenue · Quarterly

$10M

Q2 2024+285.2%vs Q2 2023
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-1.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+7.3%

Avg return

30 days after

44%

24 / 54 earnings

Positive

+26.9%

Q4 2021

Best reaction

-54.5%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.2%-23.0%-38.4%
Q4 2025+6.2%+10.0%-3.1%
Q3 2025-2.9%+3.6%+27.0%
Q2 2025+19.9%+42.7%+91.6%
Q1 2025+0.0%-1.4%-25.7%
Q4 2024-2.5%-6.2%-15.8%
Q3 2024-3.7%+19.3%+51.1%
Q2 2024+5.9%+12.2%+8.1%
Q1 2024+3.9%+15.4%-70.2%
Q4 2023+2.4%+5.3%+5.2%
Q3 2023-5.5%-9.6%+4.2%
Q2 2023-2.2%-4.0%-3.8%
Q1 2023+2.4%-4.8%+121.4%
Q4 2022-4.4%+2.2%-13.3%
Q3 2022+0.0%+2.6%+12.8%
Q2 2022+1.7%+6.7%+2.5%
Q1 2022-4.0%-14.3%+13.5%
Q4 2021+26.9%+20.2%+26.9%
Q3 2021-3.5%-3.9%-15.1%
Q2 2021-10.8%-5.6%-17.0%
Q1 2021-5.1%-0.3%+49.2%
Q4 2020+2.5%-0.4%+12.6%
Q3 2020+17.2%+26.2%+91.8%
Q2 2020-2.0%-0.7%-20.3%
Q1 2020-54.5%-57.6%-57.6%
Q4 2019-38.3%-45.3%+0.7%
Q3 2019-18.8%-18.0%-0.8%
Q2 2019-6.7%-9.3%-16.0%
Q1 2019-31.7%-24.6%-37.2%
Q4 2018+12.8%+4.7%-8.4%
Q3 2018+12.4%-0.2%-12.8%
Q2 2018+12.7%+4.8%+16.9%
Q1 2018-2.3%-3.9%+21.4%
Q4 2017-4.8%-8.5%+14.6%
Q3 2017-6.5%-2.3%+11.8%
Q2 2017-7.0%-21.4%+29.0%
Q1 2017+15.5%+17.0%+3.4%
Q4 2016+14.5%+31.0%+29.7%
Q3 2016+0.0%+10.6%+4.4%
Q2 2016-0.7%-4.4%-1.5%
Q1 2016+2.1%
Q4 2015+8.7%
Q3 2015-0.9%
Q2 2015+11.1%
Q1 2015+2.3%
Q4 2014+0.3%
Q3 2014+0.9%
Q2 2014-3.2%
Q1 2014+0.7%
Q4 2013+0.7%
Q3 2013-5.3%
Q2 2013+0.1%
Q1 2013-0.3%
Q1 2012-2.5%
Q3 2011
Q2 2011
Q1 2011

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