Verrica Pharmaceuticals Inc. (VRCA) Stock

Verrica Pharmaceuticals Inc. (VRCA) is a Healthcare stock trading at $4.84 (as of 2026-08-21), with a market capitalization of $83.15M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Verrica Pharmaceuticals Inc., a dermatology therapeutics company, develops and commercializes treatments for people with skin diseases in the United States. The company's lead product candidate includes VP-102 for the treatment of molluscum contagiosum; that has completed Phase II clinical trial for the treatment of external genital warts; and which is in Phase II clinical trial for treating common warts. It is also developing cantharidin-based product candidate, VP-103 for treating plantar warts. The company has a license and collaboration agreement with Torii Pharmaceutical Co., Ltd. for the development and commercialization of its product candidates for the treatment of molluscum contagiosum and common warts in Japan, including VP-102; and a license agreement with Lytix Biopharma AS to develop and commercialize LTX-315 for dermatological oncology indications. Verrica Pharmaceuticals Inc. was incorporated in 2013 and is headquartered in West Chester, Pennsylvania.

Understand Verrica Pharmaceuticals Inc.: how it makes money

Verrica Pharmaceuticals develops and commercializes dermatology treatments in the United States, and it makes money primarily through product revenue from its therapies, supported by license and collaboration arrangements and potential milestone revenue from Torii Pharmaceutical.

The companys path to profitability hinges on whether commercial adoption translates into sustained growth in dispensed applicator units, while non-product items like Torii milestones and collaboration revenue can be helpful but are not a substitute for scalable product sales.

Revenue by segment (latest quarter)
Torii Milestones$0.0B
Product Revenue$0.0B
License and Collaboration Revenue$0.0B

Business quality (Weak): Key business drivers are present (product and dispensed-unit KPIs, plus Torii-related revenue). However, reported revenue is effectively zero in the latest quarter data provided, which limits how much you can infer from financial trends alone.

Bull case

  • Clinical and pipeline progress: VP-102 has completed Phase II for molluscum contagiosum and is in Phase II for external genital warts and common warts, while VP-103 is in development for plantar warts.
  • Commercial activity is measurable: The company reports dispensed applicator unit volumes, which provides a direct signal of treatment adoption.
  • Partnering support: It has a license and collaboration agreement with Torii Pharmaceutical Co., Ltd., which can contribute milestone revenue.

Bear case

  • Revenue size is very small in the latest quarter data: Total revenue is shown as 0.0B, with product and collaboration revenue categories also shown as 0.0B (aside from a small Torii milestone amount).
  • Operating losses are significant: Operating margin is -193.4% for the latest period provided, indicating substantial operating losses.
  • Clinical trial outcomes are uncertain: The companys major additional indications and products are supported by Phase II level programs, which carry outcome and timing risk.
Valuation — source: SEC EDGAR (first-party)
Price$4.84
Market Cap$83.15M
Price / Book5.18
Price / Sales2.34
FCF Yield-43.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$35.58M
Net Margin-50.3%
Revenue Growth (YoY)370.2%
EPS Growth (YoY)13.5%
FCF Growth (YoY)-71.1%
Financial Health — source: SEC EDGAR
Altman Z-Score-6.86 (distress)
Valuation vs Sector & Industry
Sector P/E (Healthcare)21.7
Industry P/E (Pharmaceutical Products)17.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderCaligan Partners LP ($4.89M)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryPharmaceutical Products
CEOJayson Rieger
Employees71
CountryUS
IPO Date2018-06-15

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VRCA earnings history · VRCA institutional & insider holders · VRCA KPIs & operating metrics · VRCA financials · VRCA investor presentations & press releases · VRCA SEC filings · VRCA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.