Verastem, Inc. (VSTM) intrinsic value & 10-year financials
Verastem, Inc. (VSTM) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.1% a year to $30.9M, with an average return on invested capital of 89.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $8.65
- Market cap
- $599.5M
- Revenue (FY2025)
- $30.9M
- Revenue growth (10-yr CAGR)
- 2.1%
- ROIC (10-yr avg)
- 89.1%
- Free cash flow (FY2025)
- —
VSTM 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $30.9M | -$209.5M | -$3.02 | — | -550.3% | 274.0% |
| FY2024 | $10.0M | -$130.6M | -$1.83 | -$104.8M | -1149.6% | 407.9% |
| FY2023 | — | -$87.4M | -$1.97 | — | — | -942.7% |
| FY2022 | $2.6M | -$73.8M | -$0.00 | — | -2809.6% | -217.6% |
| FY2021 | $2.1M | -$71.2M | -$0.00 | -$53.7M | -2991.2% | -103.2% |
| FY2020 | $88.5M | -$67.7M | -$0.00 | -$33.5M | -55.8% | -561.8% |
| FY2019 | $17.5M | -$149.2M | -$0.00 | -$138.5M | -758.1% | 402.9% |
| FY2018 | $26.7M | -$72.4M | -$0.00 | -$76.0M | -354.8% | 980.8% |
| FY2017 | — | -$67.8M | -$0.00 | — | — | 701.6% |
| FY2016 | — | -$36.4M | -$0.00 | -$29.5M | — | -50.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Verastem, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Verastem, Inc. has historically struggled to out-earn its cost of capital, averaging just -14.3% ROIC.
Over the decade, Verastem, Inc. shows that management has aggressively returned capital to shareholders by retiring 99.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Verastem, Inc. is modeled at 2.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-33.14 per share.