Verrica Pharmaceuticals (VRCA)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	22.96 mm	22.96 mm	22.96 mm	22.96 mm	22.96 mm	22.96 mm
Cash burn (monthly)	2.99 mm	5.11 mm	6.90 mm	6.47 mm	2.85 mm	4.95 mm
Cash used (since last report)	12.03 mm	20.58 mm	27.77 mm	26.04 mm	11.48 mm	19.91 mm
Cash remaining	10.92 mm	2.38 mm	-4.82 mm	-3.08 mm	11.48 mm	3.05 mm
Runway (months of cash)	3.7	0.5	-0.7	-0.5	4.0	0.6

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

VRCA institutional ownership history Ownership history

18.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	81	74	+9.5%
Opened positions	21	24	-12.5%
Closed positions	14	10	+40.0%
Increased positions	24	17	+41.2%
Reduced positions	15	15	–

13F shares	Current	Prev Q	Change
Total value	21.12 bn	135.64 bn	-84.4%
Total shares	16.38 mm	20.12 mm	-18.6%
Total puts	6.50 k	6.30 k	+3.2%
Total calls	9.90 k	6.10 k	+62.3%
Total put/call ratio	0.7	1.0	-36.4%

Largest owners	Shares	Value	Change
Perceptive Advisors	7.10 mm	$10.29 bn	0.0%
Paul B Manning	1.48 mm	$3.70 mm	0.0%
Vanguard	1.29 mm	$1.87 bn	+1.3%
BlackRock	1.09 mm	$1.57 bn	NEW
FMR	634.31 k	$919.75 mm	-42.8%
STT State Street	512.82 k	$743.59 mm	+13.5%
Geode Capital Management	455.48 k	$660.52 mm	-1.7%
Propel Bio Management	344.94 k	$500.16 mm	-18.8%
Qube Research & Technologies	322.19 k	$467.17 mm	NEW
XTX Topco	231.15 k	$335.17 mm	NEW

Largest transactions	Shares	Bought/sold	Change
Avoro Capital Advisors	0.00	-4.00 mm	EXIT
BLK BlackRock	0.00	-1.13 mm	EXIT
BlackRock	1.09 mm	+1.09 mm	NEW
FMR	634.31 k	-474.44 k	-42.8%
IVZ Invesco	0.00	-423.52 k	EXIT
Qube Research & Technologies	322.19 k	+322.19 k	NEW
XTX Topco	231.15 k	+231.15 k	NEW
ExodusPoint Capital Management	186.13 k	+186.13 k	NEW
Deutsche Bank AG - Registered Shares	591.00	-181.43 k	-99.7%
Renaissance Technologies	147.96 k	+102.44 k	+225.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

VRCA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Dec 24	David Zawitz	Employee Stock Option Common Stock	Grant	Acquire A	No	No	0.95	950,000	902.50 k	950,000
26 Nov 24	Paul B Manning	Common Stock	Gift	Dispose G	No	No	0	450,000	0.00	25,828,094
26 Nov 24	Jayson Rieger	Common Stock	Gift	Acquire G	No	No	0	50,000	0.00	882,826
26 Nov 24	Sean Stalfort	Common Stock	Gift	Acquire G	No	No	0	50,000	0.00	1,873,800
22 Nov 24	Paul B Manning	Common Stock	Buy	Acquire P	Yes	No	0	4,494,382	0.00	5,976,101
22 Nov 24	Paul B Manning	Common Stock	Buy	Acquire P	No	No	0	18,426,966	0.00	26,278,094
22 Nov 24	Paul B Manning	Series B Warrants Common Stock	Buy	Acquire P	Yes	No	1.335	2,247,191	3.00 mm	2,247,191
22 Nov 24	Paul B Manning	Series A Warrants Common Stock	Buy	Acquire P	Yes	No	1.068	2,247,191	2.40 mm	2,247,191
22 Nov 24	Paul B Manning	Series B Warrants Common Stock	Buy	Acquire P	No	No	1.335	9,213,483	12.30 mm	9,213,483
22 Nov 24	Paul B Manning	Series A Warrants Common Stock	Buy	Acquire P	No	No	1.068	9,213,483	9.84 mm	9,213,483