Financial insights of VSTM

MyFinsight

For the quarter ending 2026-03-31, VSTM made $18,671K in revenue. -$33,202K in net income. Net profit margin of -177.83%.

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Total revenue	18,671	7,729*	-	-
Cost of sales - product	2,772	1,150*	-	-
Cost of sales - intangible amortization	279	175*	-	-
Research and development	38,218	28,650*	-	-
Revenue-Product	-	-	11,242	-
Selling, general and administrative	22,299	20,287*	-	-
Cost of sales - product	-	-	1,670	-
Total operating expenses	63,568	50,261*	-	-
Cost of sales - intangible amortization	-	-	290	-
Loss from operations	-44,897	-42,532*	-	-
Research and development expenses	-	-	28,412	-
Other expense	-61	-51*	-	-
Commercial expenses	-	-	9,594	-
Interest income	1,297	1,017*	-	-
Medical affairs expenses	-	-	3,047	-
General and administrative expenses	-	-	6,764	-
Stock-based compensation expense	-	-	2,178	-
Depreciation expense	-	-	2	-
Interest income	-	-	1,182	-
Interest expense	382	342*	319	-
Loss on debt extinguishment	-	-456*	-	-
Change in fair value of warrant liability	-9,323	-24,078*	55,881	-
Change in fair value of notes	1,871	4,507*	2,748	-
Other segment items	-	-	37	-
Net loss before taxes	-	-22,793	-	-
Net loss	-36,591	-22,793*	-98,518	-25,934
Unrealized gain (loss) on available-for-sale securities	-7	-	-	-
Change in fair value of notes attributable to instrument specific credit risk	-3,396	912*	-2,745	-1,349
Comprehensive loss	-33,202	-23,705	-95,773	-24,585

Basic EPS	-0.37	-0.345	-1.35	-0.39
Diluted EPS	-0.46	-0.39	-1.35	-0.62
Basic Average Shares	98,292,000	68,627,000	73,157,000	66,143,000
Diluted Average Shares	99,148,000	60,733,000	73,157,000	74,037,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.