Verastem Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	137.71	88.82	77.91	74.93	21.25	67.78
Short-Term Investments	-	-	59.22	12.96	79	73.44
Cash & Short-Term Investments	137.71	88.82	137.13	87.89	100.26	141.23
Cash Growth	21.68%	-35.23%	56.02%	-12.33%	-29.01%	87.04%
Accounts Receivable	6.72	-	-	0.13	0.52	0.24
Other Receivables	0.2	0.2	0.1	0.1	-	-
Receivables	6.92	0.2	0.1	0.23	0.52	0.24
Inventory	1.79	-	-	-	-	-
Prepaid Expenses	7.64	5.94	5.53	4.13	4.97	3.47
Restricted Cash	-	-	0.93	0.62	-	-
Total Current Assets	154.06	94.96	143.68	92.87	105.74	144.94
Property, Plant & Equipment	0.75	1.44	1.21	1.88	2.51	3.14
Long-Term Investments	-	-	-	-	-	6
Other Intangible Assets	16.71	-	-	-	-	-
Other Long-Term Assets	5.34	5.14	4.83	0.3	0.41	0.27
Total Assets	176.85	101.54	149.72	95.05	108.66	154.35
Accounts Payable	9.89	4.03	7.18	4.9	2.3	1.88
Accrued Expenses	44.72	25.95	17.93	14.98	15.62	14.66
Current Portion of Long-Term Debt	4.12	-	-	0.28	-	-
Current Portion of Leases	0.79	1	0.94	0.79	0.67	0.56
Current Unearned Revenue	-	-	0.33	0.71	-	-
Total Current Liabilities	59.71	30.97	26.38	21.66	18.59	17.09
Long-Term Debt	84.37	40.72	44.28	24.53	0.25	19.05
Long-Term Leases	-	0.54	0.53	1.47	2.26	2.93
Other Long-Term Liabilities	48.29	58.2	-	-	-	-
Total Liabilities	192.38	130.43	71.19	47.66	21.1	39.08
Common Stock	0.01	0	0	0	0.02	0.02
Additional Paid-In Capital	1,114	926.63	882.25	784.91	751.22	707.72
Retained Earnings	-1,132	-955.53	-824.89	-737.52	-663.71	-592.51
Comprehensive Income & Other	2.55	-	0.01	-	0.03	0.05
Total Common Equity	-15.53	-28.89	57.37	47.39	87.56	115.27
Shareholders' Equity	-15.53	-28.89	78.53	47.39	87.56	115.27
Total Liabilities & Equity	176.85	101.54	149.72	95.05	108.66	154.35
Total Debt	89.48	42.25	45.75	27.07	3.18	22.54
Net Cash (Debt)	48.23	46.56	91.38	60.83	97.08	118.69
Net Cash Growth	-32.78%	-49.05%	50.23%	-37.34%	-18.21%	-
Net Cash Per Share	0.80	1.30	4.14	3.77	6.68	9.29
Filing Date Shares Outstanding	66.78	51.49	25.3	16.72	15.53	14.31
Total Common Shares Outstanding	66.75	44.78	25.28	16.71	15.44	14.2
Working Capital	94.34	63.99	117.3	71.21	87.15	127.85
Book Value Per Share	-0.23	-0.65	2.27	2.84	5.67	8.12
Tangible Book Value	-32.23	-28.89	57.37	47.39	87.56	115.27
Tangible Book Value Per Share	-0.48	-0.65	2.27	2.84	5.67	8.12
Machinery	-	1.5	1.48	1.48	1.74	1.74
Construction In Progress	-	-	0.01	-	-	-
Leasehold Improvements	-	0.15	0.15	0.15	0.15	0.15

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.