Venus Concept Inc. (VERO) Financial Statements (2026 and earlier)

Company Profile

Business Address 235 YORKLAND BLVD.
TORONTO, M2J 4Y8
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2715,39611,56930,87634,29715,666
Cash and cash equivalent4,2715,39611,56930,87634,29715,666
Restricted cash and investments    8383
Receivables18,72129,15137,26246,91852,76458,977
Inventory, net of allowances, customer advances and progress billings17,56123,07223,90620,54317,75918,844
Inventory17,56123,07223,90620,54317,75918,844
Prepaid expense8281,2981,6882,7372,2402,523
Deferred costs      59
Advances on inventory purchases6,0275,6045,8812,1622,587450
Other current assets1,1041,9253,7023,7585,6743,101
Total current assets:48,51266,44684,008106,994115,40499,703
Noncurrent Assets
Operating lease, right-of-use asset3,2824,5175,862   
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization9361,3221,8572,6693,5394,648
Long-term investments and receivables8,53411,31820,04427,71021,14835,656
Accounts and financing receivable, after allowance for credit loss8,53411,31820,04427,71021,14835,656
Intangible asset, including goodwill, after accumulated amortization4,9738,44611,91915,39318,86549,788
Goodwill      27,450
Intangible asset, excluding goodwill, after accumulated amortization4,9738,44611,91915,39318,86522,338
Deferred income tax assets1,4591,032947284884622
Other undisclosed noncurrent assets488573741817685710
Total noncurrent assets:19,67227,20841,37046,87345,12191,424
TOTAL ASSETS:68,18493,654125,378153,867160,525191,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,03612,96213,07813,56117,34825,335
Taxes payable✕✕✕✕2941,1322,172
Employee-related liabilities✕✕✕✕1,7701,3123,117
Accounts payable6,4849,0388,0334,9136,3229,401
Accrued liabilities3,5523,9245,0456,5848,58210,645
Deferred revenue9531,0761,7652,0301,7522,495
Debt8,2714,1557,735543 7,789
Other undisclosed current liabilities11,02712,96617,01715,08113,41512,554
Total current liabilities:30,28731,15939,59531,21532,51548,173
Noncurrent Liabilities
Long-term debt and lease obligation31,43770,79070,00377,32575,49161,229
Long-term debt, excluding current maturities31,43770,79070,00377,32575,49161,229
Liabilities, other than long-term debt3,2584,4836,0852,3762,8702,349
Accounts payable and accrued liabilities7509681,6491,9821,7661,550
Deferred income tax liabilities  15 46811 
Other liabilities511338215348293799
Operating lease, liability1,9973,1624,221   
Other undisclosed noncurrent liabilities3646719571,3555,8882,698
Total noncurrent liabilities:35,05975,94477,04581,05684,24966,276
Total liabilities:65,346107,103116,640112,271116,764114,449
Equity
Equity, attributable to parent2,369(14,019)8,09340,94344,23274,178
Common stock303029272624
Additional paid in capital311,238247,854232,169221,321201,598149,840
Accumulated deficit(308,899)(261,903)(224,105)(180,405)(157,392)(75,686)
Equity, attributable to noncontrolling interest469570645653(471)2,500
Total equity:2,838(13,449)8,73841,59643,76176,678
TOTAL LIABILITIES AND EQUITY:68,18493,654125,378153,867160,525191,127

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues64,83376,35499,497105,62278,014110,406
Cost of revenue(20,527)(24,187)(33,526)(31,528)(26,623)(33,753)
Cost of product and service sold(20,527)(24,187)(33,526)(31,528)(21,258)(26,869)
Financing interest expense     (8,343)(7,549)
Gross profit:44,30652,16765,97174,09451,39176,653
Operating expenses(71,490)(80,476)(100,847)(88,861)(119,289)(106,931)
Operating loss:(27,184)(28,309)(34,876)(14,767)(67,898)(30,278)
Nonoperating income (expense)(2,135)295(4,869)(3,126)68(2,611)
Investment income, nonoperating  (1,482)(567)  
Gain (loss), foreign currency transaction, before tax(2,135)295(3,387)(2,559)68(2,611)
Interest and debt expense(6,885)(6,893)(4,561)(4,955)(8,343)(7,549)
Loss from continuing operations before equity method investments, income taxes:(36,204)(34,907)(44,306)(22,848)(76,173)(40,438)
Other undisclosed loss from continuing operations before income taxes(11,378)(2,214)  (5,464) 
Loss from continuing operations before income taxes:(47,582)(37,121)(44,306)(22,848)(81,637)(40,438)
Income tax expense (benefit)61171722707(1,181)(1,857)
Loss from continuing operations:(46,971)(37,050)(43,584)(22,141)(82,818)(42,295)
Loss before gain (loss) on sale of properties:✕✕✕✕(22,141)(82,818)(42,295)
Net loss:(46,971)(37,050)(43,584)(22,141)(82,818)(42,295)
Net income (loss) attributable to noncontrolling interest(25)(200)(116)(872)1,1121,676
Net loss attributable to parent:(46,996)(37,250)(43,700)(23,013)(81,706)(40,619)
Preferred stock dividends and other adjustments     (3,564) 
Net loss available to common stockholders, diluted:(46,996)(37,250)(43,700)(23,013)(85,270)(40,619)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(46,971)(37,050)(43,584)(22,141)(82,818)(42,295)
Comprehensive loss:(46,971)(37,050)(43,584)(22,141)(82,818)(42,295)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)(200)(116)(872)1,1121,676
Comprehensive loss, net of tax, attributable to parent:(46,996)(37,250)(43,700)(23,013)(81,706)(40,619)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: