Vera Therapeutics, Inc. (VERA) intrinsic value & 10-year financials

Vera Therapeutics, Inc. (VERA) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$27.88
Market cap
$1.8B
Revenue (FY2025)
—
ROIC (10-yr avg)
-80.3%
Free cash flow (FY2025)
-$241.7M

VERA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$299.6M -$4.66 -$241.7M — -73.0%
FY2024 — -$152.1M -$2.75 -$135.7M — -51.8%
FY2023 — -$96.0M -$2.25 -$92.2M — -120.5%
FY2022 — -$89.1M -$3.35 -$67.7M — -319.3%
FY2021 — -$32.6M -$1.22 -$23.7M — 46.4%
FY2020 — -$53.4M — -$34.9M — 36.5%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Vera Therapeutics, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Vera Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -27.6% ROIC.

Vera Therapeutics, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Vera Therapeutics, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

VERA stock: frequently asked questions

What is the intrinsic value of Vera Therapeutics, Inc. (VERA) stock?

Graham's formula only works with positive earnings. Vera Therapeutics, Inc. reported diluted EPS of -$4.66 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Vera Therapeutics, Inc. generate free cash flow?

Vera Therapeutics, Inc. generated -$241.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is VERA's return on invested capital?

Average ROIC over the last 7 fiscal years was -80.3%, and average return on equity was 15.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VERA data come from?

From Vera Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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