10-Q quarterly report · filed Nov 4, 2025

Verastem, Inc. (VSTM) Q3 2025 10-Q Quarterly Report

Short answer

Verastem, Inc. (VSTM) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $11M with net income of −$99M.

Q3 2025 key financials · XBRL

Revenue
$11M
+426.1% QoQ
Net income
−$99M
−311.1% YoY · −279.9% QoQ
Operating margin
-362.2%
EPS (diluted)
−$1.32
−144.4% YoY · −193.3% QoQ

Source: XBRL data from the Verastem, Inc. (VSTM) Q3 2025 10-Q on SEC EDGAR. USD.

Verastem, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New regulatory risk: September 2025 FDA enforcement surge, with more than 100 warning or untitled letters on allegedly deceptive DTC advertising
  • Drug-pricing reform exposure: April and May 2025 Executive Orders targeting Medicare negotiation, importation, generics, and most-favored-nation pricing
  • Marketing compliance risk: Planned FDA rulemaking could require additional safety disclosures in DTC broadcast advertisements
  • Policy uncertainty: January 2025 presidential transition may raise approval standards or restrict AVMAPKI FAKZYNJA CO-PACK promotion
  • Commercial risk: Expanded FDA oversight of digital and social-media advertising could constrain Verastem’s sales efforts

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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