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Verrica Pharmaceuticals Inc. (VRCA) Stock Fundamental Analysis & AI Rating 2026

VRCA Nasdaq Pharmaceutical Preparations DE CIK: 0001660334
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
SELL
70% Conf
Pending
Analysis scheduled

📊 VRCA Key Takeaways

Revenue: $35.6M
Net Margin: -50.3%
Free Cash Flow: $-17.6M
Current Ratio: 2.59x
Debt/Equity: 0.00x
EPS: $-1.68
AI Rating: SELL with 70% confidence
Verrica Pharmaceuticals Inc. (VRCA) receives a SELL rating with 70% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $35.6M, net profit margin of -50.3%, and return on equity (ROE) of -72.3%, Verrica Pharmaceuticals Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete VRCA stock analysis for 2026.

Is Verrica Pharmaceuticals Inc. (VRCA) a Good Investment?

Claude

Despite exceptional 370% YoY revenue growth, Verrica exhibits fundamental financial distress with -$17.6M operating cash burn, -50.3% net margins, and negative returns on equity (-72.3%). With $30.1M cash reserves against current annual burn rates, the company has limited runway unless it rapidly achieves profitability or secures capital, making the growth trajectory unsustainable at current cost structure.

Why Buy Verrica Pharmaceuticals Inc. Stock? VRCA Key Strengths

Claude
  • + Exceptional 370% YoY revenue growth indicates strong market validation of product
  • + Fortress balance sheet with $30.1M cash, zero long-term debt, and healthy liquidity ratios (2.59x current ratio)
  • + Improving profitability trajectory with net loss declining 76.6% YoY and EPS improving 88.6% YoY

VRCA Stock Risks: Verrica Pharmaceuticals Inc. Investment Risks

Claude
  • ! Severe cash burn of $17.6M annually with negative operating cash flow despite high revenue growth, indicating broken unit economics or unsustainable cost structure
  • ! Extreme profitability deficit: -50.3% net margin, -34.2% operating margin, -72.3% ROE indicates value destruction even as revenues scale
  • ! Limited cash runway of approximately 1.7 years at current burn rate without achieving positive cash flow or raising capital
  • ! No insider stock purchases in last 90 days despite high growth period, suggesting management lacks confidence
  • ! Pharmaceutical sector execution risk: high R&D and commercialization costs may not scale efficiently with revenue

Key Metrics to Watch

Claude
  • * Quarterly operating cash flow trajectory and timing to cash flow breakeven
  • * Quarterly gross margin and SG&A expense ratio trends to assess operational leverage
  • * Quarterly revenue growth rate deceleration and cash balance to model remaining runway

Verrica Pharmaceuticals Inc. (VRCA) Financial Metrics & Key Ratios

Revenue
$35.6M
Net Income
$-17.9M
EPS (Diluted)
$-1.68
Free Cash Flow
$-17.6M
Total Assets
$47.1M
Cash Position
$30.1M

💡 AI Analyst Insight

Strong liquidity with a 2.59x current ratio provides a solid financial cushion.

VRCA Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -34.2%
Net Margin -50.3%
ROE -72.3%
ROA -37.9%
FCF Margin -49.5%

VRCA vs Healthcare Sector: How Verrica Pharmaceuticals Inc. Compares

How Verrica Pharmaceuticals Inc. compares to Healthcare sector averages

Net Margin
VRCA -50.3%
vs
Sector Avg 12.0%
VRCA Sector
ROE
VRCA -72.3%
vs
Sector Avg 15.0%
VRCA Sector
Current Ratio
VRCA 2.6x
vs
Sector Avg 2.0x
VRCA Sector
Debt/Equity
VRCA 0.0x
vs
Sector Avg 0.6x
VRCA Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Verrica Pharmaceuticals Inc. Stock Overvalued? VRCA Valuation Analysis 2026

Based on fundamental analysis, Verrica Pharmaceuticals Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-72.3%
Sector avg: 15%
Net Profit Margin
-50.3%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Verrica Pharmaceuticals Inc. Balance Sheet: VRCA Debt, Cash & Liquidity

Current Ratio
2.59x
Quick Ratio
2.45x
Debt/Equity
0.00x
Debt/Assets
47.5%
Interest Coverage
-2.60x
Long-term Debt
$0.0

VRCA Revenue & Earnings Growth: 5-Year Financial Trend

VRCA 5-year financial data: Year 2021: Revenue $12.0M, Net Income -$42.7M, EPS N/A. Year 2022: Revenue $12.0M, Net Income -$35.1M, EPS $-1.30. Year 2023: Revenue $9.0M, Net Income -$24.5M, EPS $-0.72. Year 2024: Revenue $7.6M, Net Income -$67.0M, EPS $-1.48.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Verrica Pharmaceuticals Inc.'s revenue has declined by 37% over the 5-year period, indicating business contraction. The most recent EPS of $-14.78 indicates the company is currently unprofitable.

VRCA Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-49.5%
Free cash flow / Revenue

VRCA Quarterly Earnings & Performance

Quarterly financial performance data for Verrica Pharmaceuticals Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2025 $5.2M $204.0K $0.02
Q1 2025 $3.4M -$9.7M $-0.10
Q3 2024 -$1.8M -$6.6M $-0.49
Q2 2024 $182.0K -$6.6M $-0.24
Q1 2024 $37.0K -$6.6M $-0.15
Q3 2023 $2.9M $83.0K $0.00
Q2 2023 $182.0K -$6.6M $-0.24
Q1 2023 $37.0K -$6.6M $-0.15

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Verrica Pharmaceuticals Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$17.6M
Cash generated from operations
Dividends
None
No dividend program

VRCA SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Verrica Pharmaceuticals Inc. (CIK: 0001660334)

📋 Recent SEC Filings

Date Form Document Action
Mar 11, 2026 10-K vrca-20251231.htm View →
Mar 11, 2026 8-K d94203d8k.htm View →
Dec 30, 2025 4 xslF345X05/form4-12302025_081201.xml View →
Dec 30, 2025 8-K d54232d8k.htm View →
Nov 25, 2025 4 xslF345X05/form4-11252025_071113.xml View →

Frequently Asked Questions about VRCA

What is the AI rating for VRCA?

Verrica Pharmaceuticals Inc. (VRCA) has an AI rating of SELL with 70% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VRCA's key strengths?

Claude: Exceptional 370% YoY revenue growth indicates strong market validation of product. Fortress balance sheet with $30.1M cash, zero long-term debt, and healthy liquidity ratios (2.59x current ratio).

What are the risks of investing in VRCA?

Claude: Severe cash burn of $17.6M annually with negative operating cash flow despite high revenue growth, indicating broken unit economics or unsustainable cost structure. Extreme profitability deficit: -50.3% net margin, -34.2% operating margin, -72.3% ROE indicates value destruction even as revenues scale.

What is VRCA's revenue and growth?

Verrica Pharmaceuticals Inc. reported revenue of $35.6M.

Does VRCA pay dividends?

Verrica Pharmaceuticals Inc. does not currently pay dividends.

Where can I find VRCA SEC filings?

Official SEC filings for Verrica Pharmaceuticals Inc. (CIK: 0001660334) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VRCA's EPS?

Verrica Pharmaceuticals Inc. has a diluted EPS of $-1.68.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is VRCA a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Verrica Pharmaceuticals Inc. has a SELL rating with 70% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is VRCA stock overvalued or undervalued?

Valuation metrics for VRCA: ROE of -72.3% (sector avg: 15%), net margin of -50.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy VRCA stock in 2026?

Our dual AI analysis gives Verrica Pharmaceuticals Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VRCA's free cash flow?

Verrica Pharmaceuticals Inc.'s operating cash flow is $-17.6M, with capital expenditures of $0.0. FCF margin is -49.5%.

How does VRCA compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -50.3% (avg: 12%), ROE -72.3% (avg: 15%), current ratio 2.59 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI