Veradermics Business Segments

Business, geographic, and product segment breakdowns

Market Cap$4.4B

Metric	Q1 '25	Q1 '26
Net loss	-$12.4M	-$27.2M
R&D	$9.3M	$17.2M
General and administrative, excluding personnel expenses	$1.1M	$4.6M
General and administrative, personnel expenses (including share-based compensation)	$418.0K	$4.3M
Other segment items	-$515.0K	-$2.6M
Interest Income	$500.0K	$2.5M
Investment accretion	—	$100.0K