NASDAQ$VSTM

Verastem Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

VSTM Q3 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 Q3 2024 results. Net income of $78.7M. 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: $78.7M.
  • Filed on Form 10-Q (accession 0001558370-24-014640).

Headline financials

Total Revenue

$10M

Previous: $2.6M+285.2%
EPS

-$0.60

Previous: -$0.71+15.5%
Capital Expenditures

-$28K

Previous: $0.00
Free Cash Flow

-$24M

Previous: -$20M-20.0%
Net Income

-$24M

Previous: -$20M-19.8%
Operating Income

-$37M

Previous: -$21.3M-73.8%
Gross Profit

$10M

Previous: $0.00
Cash & Equivalents

$113M

Previous: $95M+19.1%
Total Assets

$126M

Previous: $176M-28.3%
R&D Expense

$24.8M

Previous: $13.9M+77.5%
Stock-Based Comp

$1.94M

Previous: $1.52M+27.6%

Revenue & EPS history

Verastem · Revenue · Quarterly

$10M

Q3 2024+285.2%vs Q3 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 Q3 2024

Historical avgQ3 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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