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Other financials

Income statement

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Operating income-$125.1M-119%
Net income-$121.0M-134%
EPS (diluted)-$1.69-109%

Balance sheet

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Cash & equivalents$114.4M+108%
Total debt$75.0M+37.8%
Total equity$499.7M-6.6%
Total assets$621.7M+1.9%

Cash flow

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Operating cash flow-$106.5M-95.8%
CapEx$23.0K-87.7%
Free cash flow-$106.5M-95.1%

Valuation

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Market cap$2.3B+87.1%
Enterprise value$2.26B+79.7%

Returns & leverage

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Return on equity-71.3%+296pp
Debt / equity0.2×0.0×
Current ratio13.6×-14.0×

Where this comes from

Reported directly by Vera Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Vera Therapeutics’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:33 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-212143
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Operating expenses:
Research and development$86,011$41,278
General and administrative39,12115,916
Total operating expenses125,13257,194
Loss from operations(125,132)(57,194)
Other income (expense):
Interest income6,3556,906
Interest expense(1,823)(1,792)

Item 1. Financial Statements

FAQ

What is Vera Therapeutics's R&D?
Vera Therapeutics (VERA) reported R&D of $86.01M in Q1 2026.
How has Vera Therapeutics's R&D changed year-over-year?
Vera Therapeutics's R&D increased by 108.4% year-over-year, from $41.28M to $86.01M.
What is the long-term trend for Vera Therapeutics's R&D?
Over 4 years (2021 to 2025), Vera Therapeutics's R&D has grown at a 75.9% compound annual growth rate (CAGR), from $22.48M to $215.26M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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