Financhill
Buy
71

VRDN Quote, Financials, Valuation and Earnings

Last price:
$30.32
Seasonality move :
-1.83%
Day range:
$29.90 - $31.47
52-week range:
$9.90 - $34.04
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
35.06x
P/B ratio:
9.29x
Volume:
1.8M
Avg. volume:
1.6M
1-year change:
46.2%
Market cap:
$2.9B
Revenue:
$302K
EPS (TTM):
-$3.53
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $1.1M $3M $1.8M $314K $302K
Revenue Growth (YoY) -76.46% 182.19% -40.2% -82.28% -3.82%
 
Cost of Revenues -- $620K $755K $1.3M $1.2M
Gross Profit -- $2.3M $1M -$1M -$938K
Gross Profit Margin -- 79.08% 57.39% -321.02% -310.6%
 
R&D Expenses $27.8M $56.8M $100.6M $159.2M $237.7M
Selling, General & Admin $13.3M $25.8M $35.2M $95M $61.1M
Other Inc / (Exp) -$69.9M -- -- -- --
Operating Expenses $40.2M $82.1M $135.3M $253.4M $298.1M
Operating Income -$40.2M -$79.7M -$134.3M -$254.5M -$299M
 
Net Interest Expenses $508K $3K $486K $1.8M $3M
EBT. Incl. Unusual Items -$110.7M -$79.4M -$129.9M -$237.7M -$269.9M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$110.7M -$79.4M -$129.9M -$237.7M -$269.9M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$110.7M -$79.4M -$129.9M -$237.7M -$208.6M
 
Basic EPS (Cont. Ops) -$31.13 -$6.66 -$4.05 -$5.31 -$3.07
Diluted EPS (Cont. Ops) -$31.13 -$6.66 -$4.05 -$5.31 -$3.07
Weighted Average Basic Share $3.6M $11.9M $32.1M $44.8M $67.9M
Weighted Average Diluted Share $3.6M $11.9M $32.1M $44.8M $67.9M
 
EBITDA -$39.7M -$79.1M -$133.5M -$253.1M -$297.8M
EBIT -$40.2M -$79.7M -$134.3M -$254.5M -$299M
 
Revenue (Reported) $1.1M $3M $1.8M $314K $302K
Operating Income (Reported) -$40.2M -$79.7M -$134.3M -$254.5M -$299M
Operating Income (Adjusted) -$40.2M -$79.7M -$134.3M -$254.5M -$299M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $208K $1.2M $72K $86K $70.6M
Revenue Growth (YoY) -- 474.52% -93.98% 19.44% 81958.14%
 
Cost of Revenues -- -- $335K $330K $310K
Gross Profit -- -- -$263K -$244K $70.3M
Gross Profit Margin -- -- -365.28% -283.72% 99.56%
 
R&D Expenses $8.1M $22.1M $30.3M $69M $86.2M
Selling, General & Admin $6.2M $8.9M $20.9M $14.4M $24.3M
Other Inc / (Exp) -- -- -- -- --
Operating Expenses $14.1M $29.8M $51M $83.2M $110.3M
Operating Income -$14.1M -$29.8M -$51.2M -$83.5M -$40M
 
Net Interest Expenses -- $164K $600K $1M $560K
EBT. Incl. Unusual Items -$14M -$28.9M -$47.7M -$76.7M -$34.6M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$14M -- -$47.7M -$76.7M -$34.6M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$14M -$28.9M -$47.7M -$76.7M -$34.6M
 
Basic EPS (Cont. Ops) -$1.26 -$0.86 -$1.09 -$1.15 -$0.42
Diluted EPS (Cont. Ops) -$1.26 -$0.86 -$1.09 -$1.15 -$0.42
Weighted Average Basic Share $11.2M $33.7M $43.7M $66.4M $81.8M
Weighted Average Diluted Share $11.2M $33.7M $43.7M $66.4M $81.8M
 
EBITDA -$14M -- -$50.9M -$83.2M -$39.7M
EBIT -$14.1M -$29.8M -$51.2M -$83.5M -$40M
 
Revenue (Reported) $208K $1.2M $72K $86K $70.6M
Operating Income (Reported) -$14.1M -$29.8M -$51.2M -$83.5M -$40M
Operating Income (Adjusted) -$14.1M -$29.8M -$51.2M -$83.5M -$40M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $2.8M $1.9M $347K $302K $70.8M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- -- $1.6M $1.1M
Gross Profit -- -$243K -$730K -$1.3M $69.7M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $49.6M $83.8M $160.1M $204.2M $321.2M
Selling, General & Admin $24.4M $32.2M $71.9M $78.5M $77.2M
Other Inc / (Exp) -- -- -- -- --
Operating Expenses $71.4M $114.1M $231.3M $281.8M $397.8M
Operating Income -$71.4M -$114.3M -$232M -$283M -$328.1M
 
Net Interest Expenses $180K $321K $1.1M $3.1M $2.5M
EBT. Incl. Unusual Items -$141.2M -$113M -$216.7M -$257.1M -$302M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$141.2M -- -- -$257.1M -$302M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$141.2M -$113M -$216.7M -$257.1M -$286.9M
 
Basic EPS (Cont. Ops) -$29.46 -$4.21 -$5.11 -$4.31 -$3.53
Diluted EPS (Cont. Ops) -$29.46 -$4.21 -$5.11 -$4.31 -$3.53
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -$70.9M -- -$230.9M -$281.5M -$327.1M
EBIT -$71.4M -$114.3M -$232M -$283M -$328.1M
 
Revenue (Reported) $2.8M $1.9M $347K $302K $70.8M
Operating Income (Reported) -$71.4M -$114.3M -$232M -$283M -$328.1M
Operating Income (Adjusted) -$71.4M -$114.3M -$232M -$283M -$328.1M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $2.7M $1.7M $242K $230K $70.7M
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- $297K $972K $1.2M $940K
Gross Profit -- $175K -$730K -$987K $69.8M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $34.4M $61.5M $120.8M $165.8M $249.4M
Selling, General & Admin $18.9M $25.3M $62M $45.5M $61.6M
Other Inc / (Exp) -- -- -- -- --
Operating Expenses $50.6M $85.4M $182.2M $210.6M $310.4M
Operating Income -$50.6M -$85.2M -$183M -$211.6M -$240.6M
 
Net Interest Expenses -- $318K $931K $2.2M $1.7M
EBT. Incl. Unusual Items -$50.5M -$84.1M -$170.9M -$190.2M -$222.2M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$50.5M -$55.2M -$170.9M -$190.2M -$222.2M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$50.5M -$84.1M -$170.9M -$190.2M -$222.2M
 
Basic EPS (Cont. Ops) -$6.39 -$2.90 -$3.98 -$2.97 -$2.73
Diluted EPS (Cont. Ops) -$6.39 -$2.90 -$3.98 -$2.97 -$2.73
Weighted Average Basic Share $25.6M $87.6M $129.2M $191.4M $244.7M
Weighted Average Diluted Share $25.6M $87.6M $129.2M $191.4M $244.7M
 
EBITDA -$50.3M -$55.2M -$182M -$210.3M -$239.7M
EBIT -$50.6M -$85.2M -$183M -$211.6M -$240.6M
 
Revenue (Reported) $2.7M $1.7M $242K $230K $70.7M
Operating Income (Reported) -$50.6M -$85.2M -$183M -$211.6M -$240.6M
Operating Income (Adjusted) -$50.6M -$85.2M -$183M -$211.6M -$240.6M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $127.6M $197M $424.6M $477.4M $717.6M
Short Term Investments $81.7M $154.7M $269M $374.5M $618M
Accounts Receivable, Net -- $451K $102K $102K --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets $2M $2.7M $6.5M $9M $20.9M
Total Current Assets $129.6M $200.2M $431.2M $486.5M $738.5M
 
Property Plant And Equipment $787K $2.1M $2.9M $3.3M $3.4M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $1K $1.5M $982K $604K $501K
Total Assets $131.3M $203.7M $435.1M $490.4M $742.4M
 
Accounts Payable $670K $2.3M $14.2M $2.2M $2.1M
Accrued Expenses $7.2M $6.7M $13.3M $12.7M $34.2M
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations $455K $520K $613K $843K $513K
Other Current Liabilities $100K $100K $100K $100K $100K
Total Current Liabilities $10.7M $13.6M $33.3M $26.6M $47.9M
 
Long-Term Debt $43K $520K $5.7M $21.2M $22.6M
Capital Leases -- -- -- -- --
Total Liabilities $11.2M $16M $40M $48.4M $70.8M
 
Common Stock $42K $239K $414K $540K $810K
Other Common Equity Adj -$8K -$157K -$390K $338K -$10K
Common Equity -$60.8M $53.9M $252.9M $235.5M $482.8M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity $120M $187.7M $395.1M $442M $671.6M
 
Total Liabilities and Equity $131.3M $203.7M $435.1M $490.4M $742.4M
Cash and Short Terms $127.6M $197M $424.6M $477.4M $717.6M
Total Debt $43K $520K $5.7M $21.2M $22.6M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents $213.8M $431.3M $313M $753.2M $490.9M
Short Term Investments $74.9M $87.1M $201.4M $552.9M --
Accounts Receivable, Net $479K -- $102K $14K $70M
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets $3.6M $5.6M $10.7M $14.1M --
Total Current Assets $217.9M $431.3M $323.8M $767.4M $571.9M
 
Property Plant And Equipment $1.8M -- $3.7M $3.7M $3.7M
Long-Term Investments -- -- -- -- --
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $1.5M $1.2M $1.3M $853K --
Total Assets $221.2M $440.6M $328.8M $771.9M $577.1M
 
Accounts Payable $3.7M -- $3.7M $6.3M $10.1M
Accrued Expenses $7.4M $8.5M $10.7M $24M --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations $430K $564K $821K $589K --
Other Current Liabilities $100K $100K $100K $100K --
Total Current Liabilities $14.3M -- $23.2M $41.4M $50.7M
 
Long-Term Debt $2.3M -- $21.2M $22.7M $23.1M
Capital Leases -- -- -- -- --
Total Liabilities $16.6M -- $45.2M $64.4M $74.2M
 
Common Stock $194K -- $437K $792K $822K
Other Common Equity Adj -$3K -$940K -$64K $932K --
Common Equity -- -- -- -- --
Total Preferred Equity $17M $44M -- $25M --
Minority Interest, Total -- -- -- -- --
Total Equity $204.6M $409M $283.6M $707.5M $503M
 
Total Liabilities and Equity $221.2M $409M $328.8M $771.9M $577.1M
Cash and Short Terms $213.8M $431.3M $313M $753.2M $490.9M
Total Debt $2.3M -- $21.2M $22.7M $23.1M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders -$110.7M -$79.4M -$129.9M -$237.7M -$269.9M
Depreciation & Amoritzation $239K $620K $755K $1.3M $540K
Stock-Based Compensation $3.6M $14.5M $19.8M $67.2M $42.2M
Change in Accounts Receivable $99K -$451K $349K -- $102K
Change in Inventories -- -- -- -- --
Cash From Operations -$29.8M -$54.6M -$93.8M -$184.2M -$232.3M
 
Capital Expenditures $42K $338K $797K $898K $511K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$50.5M -$74.3M -$115.1M -$94.3M -$228.7M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $1.7M -- $5M $15M --
Long-Term Debt Repaid -$10.3M -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$6.2M -$8.3M -$22.5M -$12.3M -$26.9M
Cash From Financing $101.3M $125.3M $322.2M $225.7M $457.7M
 
Beginning Cash (CF) $45.9M $42.3M $155.6M $102.8M $99.6M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $21.1M -$3.6M $113.3M -$52.8M -$3.2M
Ending Cash (CF) $66.9M $38.7M $268.9M $50.1M $96.4M
 
Levered Free Cash Flow -$29.8M -$54.9M -$94.6M -$185.1M -$232.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$14M -- -$47.7M -$76.7M -$34.6M
Depreciation & Amoritzation -$270K -- $335K $130K $110K
Stock-Based Compensation $4M -- $13.6M $8.7M $11.3M
Change in Accounts Receivable $1.6M -- -- -$14K -$70M
Change in Inventories -- -- -- -- --
Cash From Operations -$11.9M -- -$39M -$67.7M -$84.6M
 
Capital Expenditures $185K -- $404K $293K $127K
Cash Acquisitions -- -- -- -- --
Cash From Investing $6.3M -- $48M -$84.7M $126.1M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- $15M -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$6.2M -$21.1M -$514K -$15.2M --
Cash From Financing $116.8M -- $15.5M $245M $10.9M
 
Beginning Cash (CF) $138.9M $431.3M $111.6M $200.3M $169.6M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $111.2M -- $24.5M $92.7M $52.3M
Ending Cash (CF) $250M -- $136.1M $293M $222M
 
Levered Free Cash Flow -$12.1M -- -$39.4M -$68M -$84.7M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$141.2M -- -- -$257.1M -$302M
Depreciation & Amoritzation $38K -- -- $767K $463K
Stock-Based Compensation $12.7M -- -- $59.2M $41.3M
Change in Accounts Receivable -- -- -- -- --
Change in Inventories -- -- -- -- --
Cash From Operations -$47.5M -- -- -$197M -$326M
 
Capital Expenditures $243K $555K $850K $445K $369K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$46.5M -- -- -$335.4M $238.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -$37.4M --
Cash From Financing $202.8M -- -- $621.2M $56.4M
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $108.8M -- -- $88.7M -$30.7M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -$47.7M -- -- -$197.4M -$326.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$50.5M -$55.2M -$170.9M -$190.2M -$222.2M
Depreciation & Amoritzation -$12K $397K $972K $417K $340K
Stock-Based Compensation $11M $9.5M $41.1M $33.2M $32.3M
Change in Accounts Receivable $1.6M -$243K -$26K $88K -$70M
Change in Inventories -- -- -- -- --
Cash From Operations -$38M -$39.1M -$146.2M -$159M -$252.6M
 
Capital Expenditures $254K $471K $850K $397K $255K
Cash Acquisitions -- -- -- -- --
Cash From Investing $5.9M $22.8M $75.5M -$165.7M $301.9M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- $4.6M $15M -- --
Long-Term Debt Repaid -- -- -- -- --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$6.4M -$21.1M -$514K -$25.6M -$207K
Cash From Financing $125.1M $5.3M $26.7M $422.2M $20.8M
 
Beginning Cash (CF) $213.1M $493.5M $287.2M $399.6M $403.2M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $93M -$11M -$44M $97.5M $70.1M
Ending Cash (CF) $306M $51.1M $243.2M $497.1M $473.2M
 
Levered Free Cash Flow -$38.3M -$39.6M -$147M -$159.4M -$252.9M

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