Vera Therapeutics, Inc.(VERA)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
VERA Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Vera Therapeutics, Inc. (VERA), a Healthcare sector company. VERA is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Vera Therapeutics, Inc. reports net income of $-121.0M, free cash flow of $-106.5M. Top institutional holders of VERA by reported 13-F value include Avoro Capital Advisors, BlackRock,, Deep Track Capital,, based on the most recent SEC filings. VERA trades on the Nasdaq exchange and files with the SEC under CIK 1831828. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VERA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Vera Therapeutics, Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-121.0M
Free Cash Flow
Q1 2026
$-106.5M
D/E Ratio
Q1 2026
0.15
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-58.5% YoYOperating Income
-63.9% YoYEPS (Diluted)
-22.2% YoYTotal Assets
+273.5% YoYTotal Debt
+1.6% YoYOp. Cash Flow
-46.1% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|
| Net Income | $-152.1M -58.5% | $-96.0M -7.8% | $-89.1M -173.1% | $-32.6M | — |
| Operating Income | $-167.2M -63.9% | $-102.0M -12.2% | $-90.9M -164.2% | $-34.4M | — |
| EPS (Diluted) | $-2.75 -22.2% | $-2.25 +32.8% | $-3.35 -37.9% | $-2.43 | — |
| Total Assets | $655.7M +273.5% | $175.5M +33.6% | $131.4M +56.9% | $83.7M | — |
| Total Debt | $50.7M +1.6% | $49.9M +101.0% | $24.8M +404.0% | $4.9M | — |
| Operating Cash Flow | $-134.7M -46.1% | $-92.2M -36.4% | $-67.6M -185.1% | $-23.7M | — |
AI Insight: VERA Financial Trends
Vera Therapeutics remains pre-revenue with quarterly cash burn accelerating sharply to $106M in Q1 2026, up from $25M in Q2 2024.
• Operating cash outflow surged from $-25M in Q2 2024 to $-106M in Q1 2026, a more than fourfold increase in burn rate.
• Net loss widened from $-34M in Q2 2024 to $-121M in Q1 2026, reflecting escalating R&D and operating spend with zero revenue.
• Total debt rose modestly from $50M in Q2 2024 to $75M in Q2 2025 and held flat through Q1 2026, limiting leverage-driven risk so far.
• Equity jumped to $605M in Q4 2025 before declining to $500M in Q1 2026, suggesting equity raises partially offset accumulated losses.
⚠ Q1 2026 operating cash burn of $-106M is the highest on record; runway erosion could force additional dilutive equity raises near-term.
⚠ Equity fell $105M in a single quarter (Q4 2025 to Q1 2026) against flat debt — monitor whether the balance sheet can sustain this trajectory.
⚠ No revenue has appeared in any reported quarter; first commercial milestone or partnership deal would be a critical inflection to watch.
AI Insight: VERA Ratio Trends
VERA's return metrics are deteriorating sharply, with ROE hitting -96.9% and ROIC -87.1% in Q1 2026 — the worst readings in the dataset.
• ROE worsened from -30.1% in Q4 2024 to -96.9% in Q1 2026, signaling accelerating cash burn relative to equity.
• ROIC deepened from -31.2% in Q4 2024 to -87.1% in Q1 2026, the most negative level across all periods shown.
• D/E ratio has remained low and range-bound between 0.09 and 0.19, suggesting minimal debt-financing risk so far.
⚠ ROA fell to -77.9% in Q1 2026 from -26.5% in Q4 2024 — asset productivity is deteriorating at an accelerating pace.
⚠ D/E ticked back up to 0.15 in Q1 2026 after reaching a low of 0.09 in Q4 2024 — watch for further leverage creep.
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Available Research
13F Pro tracks comprehensive data for Vera Therapeutics, Inc. including:
Top Institutional Holders of VERA
Avoro Capital Advisors LLC
$236.9M5,888,888 shBlackRock, Inc.
$204.7M5,088,102 shDeep Track Capital, LP
$165.2M4,106,067 shDEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)
$149.7M3,722,100 shKynam Capital Management, LP
$136.7M3,398,224 shSTATE STREET CORP
$135.3M3,363,638 shSofinnova Ventures Inc
$112.4M2,793,987 shVANGUARD CAPITAL MANAGEMENT LLC
$108.0M2,683,607 shFMR LLC
$107.7M2,676,422 shEversept Partners, LP
$87.4M2,173,286 sh
| Fund | Value | Shares |
|---|---|---|
| Avoro Capital Advisors LLC | $236.9M | 5,888,888 |
| BlackRock, Inc. | $204.7M | 5,088,102 |
| Deep Track Capital, LP | $165.2M | 4,106,067 |
| DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) | $149.7M | 3,722,100 |
| Kynam Capital Management, LP | $136.7M | 3,398,224 |
| STATE STREET CORP | $135.3M | 3,363,638 |
| Sofinnova Ventures Inc | $112.4M | 2,793,987 |
| VANGUARD CAPITAL MANAGEMENT LLC | $108.0M | 2,683,607 |
| FMR LLC | $107.7M | 2,676,422 |
| Eversept Partners, LP | $87.4M | 2,173,286 |
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Popular Research
Is VERA a good stock to buy?
13F Pro's AI-powered analysis of Vera Therapeutics, Inc. (VERA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VERA are available on the VERA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own VERA?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VERA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Vera Therapeutics, Inc.'s investment landscape.