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Veradermics MANE Business Segments — R&D

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Other financials

Income statement

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Operating income-$29.9M-131%
Net income-$27.2M-120%
EPS (diluted)-$1.32+93.3%

Balance sheet

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Cash & equivalents$168.4M+419%
Total debt$4.0K
Total equity$390.6M+744%
Total assets$397.4M

Cash flow

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Operating cash flow-$21.2M-59.0%
CapEx--100%
Free cash flow-$21.2M-58.7%

Valuation

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Market cap$4.39B+248%

Returns & leverage

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Return on equity-28.7%
Current ratio59.1×

Where this comes from

Reported directly by Veradermics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Veradermics ’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 5:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001827635-26-000019
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Direct research and development by program
VDPHL0117,1889,278
VDMN1491,118
VDMC267
VDAA11
Other program candidates and expenses80
Other unallocated research and development costs
Personnel expenses (including share-based compensation)3,476879

Item 1. Condensed Consolidated Financial Statements (

FAQ

What is Veradermics 's business segments — R&D?
Veradermics (MANE) reported business segments — R&D of $17.19M in Q1 2026.
How has Veradermics 's business segments — R&D changed year-over-year?
Veradermics 's business segments — R&D increased by 50.2% year-over-year, from $11.45M to $17.19M.
What does business segments — R&D mean?
This metric represents the total expenditures allocated to the research and development segment, specifically focusing on the advancement of the company's dermatologic therapeutic pipeline. It captures the costs associated with clinical trials, drug discovery, and regulatory activities for novel treatments like VDPHL01 and VDMN. This segment is critical for assessing the company's long-term growth potential and innovation capacity.

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