Venus Concept Inc. (VERO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Sales/Revenue | 13.78M | 15.69M | 13.64M | 15.77M | 15.01M | 16.58M | 17.48M | 18.13M | 17.62M | 20.07M | 20.53M | 24.29M | 21.54M | 27.27M | 26.41M | 32.63M | 24.56M | 25.83M | 22.6M | 25.83M |
| Revenue Growth % | -8.2% | -5.37% | -21.95% | -13.05% | -14.81% | -17.4% | -14.87% | -25.34% | -18.21% | -26.37% | -22.25% | -25.58% | -12.31% | 5.57% | 16.86% | 26.34% | 18.78% | 51.97% | 55.76% | -73.85% |
| Cost of Goods Sold | 4.96M | 6.26M | 4.89M | 4.88M | 5.09M | 4.73M | 5.83M | 6.07M | 5.43M | 5.86M | 6.83M | 8.5M | 8.17M | 8.22M | 8.64M | 9.8M | 7.26M | 7.11M | 7.36M | 9.12M |
| COGS % of Revenue | 36% | 39.9% | 35.83% | 30.93% | 33.89% | 28.54% | 33.37% | 33.47% | 30.83% | 29.17% | 33.28% | 34.99% | 37.91% | 30.15% | 32.73% | 30.02% | 29.54% | 27.53% | 32.58% | 35.3% |
| Gross Profit | 8.82M | 9.43M | 8.76M | 10.89M | 9.92M | 11.85M | 11.65M | 12.06M | 12.19M | 14.22M | 13.7M | 15.79M | 13.37M | 19.05M | 17.76M | 22.84M | 17.31M | 18.72M | 15.23M | 16.71M |
| Gross Margin % | 64% | 60.1% | 64.17% | 69.07% | 66.11% | 71.46% | 66.63% | 66.53% | 69.17% | 70.83% | 66.72% | 65.01% | 62.09% | 69.85% | 67.27% | 69.98% | 70.46% | 72.47% | 67.42% | 64.7% |
| Gross Profit Growth % | -11.13% | -20.41% | -24.83% | -9.73% | -18.58% | -16.67% | -14.98% | -23.6% | -8.88% | -25.34% | -22.88% | -30.86% | -22.73% | 1.76% | 16.6% | 36.66% | 28.16% | 57.33% | 64.16% | -76.62% |
| Operating Expenses | 18.31M | 18.47M | 18.28M | 17.56M | 17.08M | 17.45M | 19.41M | 19.7M | 18.95M | 19.98M | 21.85M | 24.68M | 24.8M | 26.17M | 25.2M | 26.91M | 22.7M | 17.19M | 22.07M | 26.54M |
| OpEx % of Revenue | 132.93% | 117.72% | 134.01% | 111.39% | 113.8% | 105.2% | 111.03% | 108.63% | 107.56% | 99.52% | 106.44% | 101.61% | 115.13% | 95.99% | 95.43% | 82.44% | 92.4% | 66.56% | 97.67% | 102.75% |
| Selling, General & Admin | 17.03M | 17.12M | 16.73M | 16.09M | 15.39M | 15.71M | 17.62M | 18.03M | 17.02M | 18.01M | 19.22M | 20.94M | 21.77M | 23.46M | 22.56M | 24.65M | 20.77M | 17.94M | 20.02M | 24.83M |
| SG&A % of Revenue | 123.64% | 109.09% | 122.61% | 102.04% | 102.53% | 94.73% | 100.82% | 99.42% | 96.63% | 89.73% | 93.6% | 86.22% | 101.09% | 86.04% | 85.42% | 75.54% | 84.54% | 69.47% | 88.59% | 96.13% |
| Research & Development | 1.28M | 1.35M | 1.56M | 1.47M | 1.69M | 1.74M | 1.78M | 1.67M | 1.93M | 1.97M | 2.64M | 3.74M | 3.02M | 2.71M | 2.64M | 2.25M | 1.93M | 2.02M | 2.05M | 1.71M |
| R&D % of Revenue | 9.29% | 8.63% | 11.41% | 9.35% | 11.27% | 10.48% | 10.21% | 9.21% | 10.93% | 9.79% | 12.84% | 15.4% | 14.04% | 9.95% | 10.01% | 6.9% | 7.86% | 7.84% | 9.08% | 6.62% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 |
| Operating Income | -9.5M | -9.04M | -9.53M | -6.67M | -7.16M | -5.6M | -7.76M | -7.63M | -6.76M | -5.76M | -8.15M | -8.89M | -11.43M | -7.13M | -7.44M | -4.07M | -5.39M | 1.53M | -6.84M | -9.83M |
| Operating Margin % | -68.93% | -57.62% | -69.84% | -42.32% | -47.69% | -33.75% | -44.4% | -42.1% | -38.39% | -28.68% | -39.72% | -36.6% | -53.04% | -26.14% | -28.16% | -12.47% | -21.94% | 5.91% | -30.25% | -38.06% |
| Operating Income Growth % | -32.68% | -61.56% | -22.78% | 12.61% | -5.84% | 2.81% | 4.84% | 14.12% | 40.81% | 19.2% | -9.67% | -118.51% | -112.01% | -566.97% | -8.78% | 58.62% | -1.79% | 116.6% | 84.31% | -17.25% |
| EBITDA | -8.52M | -8.09M | -8.58M | -5.71M | -6.19M | -4.62M | -6.78M | -6.56M | -5.75M | -4.75M | -7.15M | -7.72M | -10.34M | -6.01M | -6.33M | -2.97M | -4.08M | 2.67M | -5.53M | -8.72M |
| EBITDA Margin % | -61.85% | -51.54% | -62.89% | -36.19% | -41.22% | -27.86% | -38.81% | -36.18% | -32.66% | -23.65% | -34.82% | -31.78% | -48.02% | -22.06% | -23.99% | -9.1% | -16.63% | 10.35% | -24.48% | -33.76% |
| EBITDA Growth % | -37.73% | -75.04% | -26.47% | 13.02% | -7.53% | 2.7% | 5.09% | 15.01% | 44.38% | 21.06% | -12.83% | -159.9% | -153.28% | -325.03% | -14.52% | 65.94% | 0.71% | 133.73% | 86.93% | -26.98% |
| D&A (Non-Cash Add-back) | 976K | 954K | 948K | 965K | 971K | 976K | 976K | 1.07M | 1.01M | 1.01M | 1.01M | 1.17M | 1.08M | 1.11M | 1.1M | 1.1M | 1.3M | 1.15M | 1.3M | 1.11M |
| EBIT | -20.79M | -10.33M | -10.62M | -7.52M | -7.67M | -17.27M | -7.47M | -9.1M | -7.67M | -5.58M | -7.88M | -9.37M | -13.44M | -9.5M | -7.44M | -4.52M | -7.22M | 1.4M | -7.55M | -11.02M |
| Net Interest Income | -1.23M | -1.2M | -1.4M | -1.25M | -1.67M | -2.45M | -2.29M | -2.23M | -1.6M | -1.55M | -1.51M | -1.39M | -1.22M | -1.03M | -923K | -909K | -1M | -1.16M | -1.89M | -1.82M |
| Interest Income | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.23M | 1.2M | 1.4M | 1.25M | 1.67M | 2.45M | 2.29M | 2.23M | 1.6M | 1.55M | 1.51M | 1.39M | 1.22M | 1.03M | 923K | 909K | 1M | 1.16M | 1.89M | 1.82M |
| Other Income/Expense | -12.52M | -2.49M | -2.5M | -2.1M | -2.18M | -14.13M | -1.99M | -3.69M | -2.52M | -1.37M | -1.23M | -1.86M | -3.23M | -3.4M | -928K | -1.36M | -2.83M | -1.29M | -2.6M | -3.01M |
| Pretax Income | -22.02M | -11.53M | -12.03M | -8.77M | -9.33M | -19.72M | -9.75M | -11.32M | -9.28M | -7.13M | -9.39M | -10.75M | -14.66M | -10.53M | -8.36M | -5.43M | -8.22M | 235K | -9.44M | -12.84M |
| Pretax Margin % | -159.83% | -73.46% | -88.16% | -55.65% | -62.19% | -118.94% | -55.79% | -62.45% | -52.66% | -35.53% | -45.73% | -44.28% | -68.05% | -38.62% | -31.67% | -16.63% | -33.47% | 0.91% | -41.75% | -49.7% |
| Income Tax | 531K | 214K | 338K | -758K | -31K | 141K | 37K | -174K | -321K | 189K | 235K | -814K | -162K | -18K | 272K | -1.32M | 616K | -7K | 0 | 2.19M |
| Effective Tax Rate % | -2.41% | -1.86% | -2.81% | 8.64% | 0.33% | -0.71% | -0.38% | 1.54% | 3.46% | -2.65% | -2.5% | 7.57% | 1.11% | 0.17% | -3.25% | 24.25% | -7.49% | -2.98% | 0% | -17.07% |
| Net Income | -22.57M | -11.72M | -12.36M | -7.96M | -9.29M | -19.95M | -9.79M | -11.12M | -9.07M | -7.41M | -9.66M | -9.92M | -14.61M | -10.56M | -8.62M | -4.33M | -9.8M | 377K | -9.26M | -14.69M |
| Net Margin % | -163.8% | -74.69% | -90.62% | -50.52% | -61.88% | -120.32% | -56.03% | -61.31% | -51.48% | -36.91% | -47.04% | -40.83% | -67.81% | -38.73% | -32.64% | -13.28% | -39.89% | 1.46% | -40.97% | -56.85% |
| Net Income Growth % | -143% | 41.25% | -26.23% | 28.35% | -2.4% | -169.28% | -1.42% | -12.09% | 37.91% | 29.83% | -12.04% | -128.87% | -49.06% | -2900.8% | 6.91% | 70.49% | -35.28% | 103.93% | 81.55% | 8.62% |
| Net Income (Continuing) | -22.55M | -11.74M | -12.37M | -8.02M | -9.3M | -19.86M | -9.79M | -11.15M | -8.96M | -7.32M | -9.62M | -9.94M | -14.5M | -10.51M | -8.64M | -4.11M | -8.84M | 242K | -9.44M | -15.03M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 461K | 445K | 466K | 469K | 520K | 662K | 575K | 570K | 792K | 679K | 679K | 645K | 668K | 559K | 636K | 653K | 723K | -782K | -647K | -471K |
| EPS (Diluted) | -12.14 | -8.03 | -2.84 | -1.83 | -1.28 | -3.05 | -1.68 | -2.01 | -1.64 | -1.35 | -1.84 | -2.12 | -3.33 | -2.46 | -2.02 | -1.16 | -2.71 | 0.15 | -2.58 | -5.14 |
| EPS Growth % | -848.44% | -163.28% | -69.05% | 8.96% | 21.95% | -125.93% | 8.7% | 5.19% | 50.75% | 45.12% | 8.91% | -82.76% | -22.88% | -1740% | 21.71% | 77.43% | -1.12% | 103.47% | 89.78% | 88.96% |
| EPS (Basic) | -12.14 | -8.03 | -2.84 | -1.83 | -1.28 | -3.05 | -1.68 | -2.01 | -1.64 | -1.35 | -1.84 | -2.12 | -3.33 | -2.46 | -2.02 | -1.16 | -2.71 | 0.15 | -2.58 | -5.14 |
| Diluted Shares Outstanding | 1.86M | 1.46M | 4.36M | 4.36M | 7.25M | 6.55M | 5.83M | 5.53M | 5.53M | 5.47M | 5.22M | 4.69M | 4.35M | 4.28M | 4.26M | 3.72M | 3.61M | 3.62M | 3.58M | 2.86M |
| Basic Shares Outstanding | 1.86M | 1.46M | 4.36M | 4.36M | 7.25M | 6.55M | 5.83M | 5.53M | 5.53M | 5.47M | 5.22M | 4.69M | 4.35M | 4.28M | 4.26M | 3.72M | 3.61M | 3.61M | 3.58M | 2.86M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |