Home / Going-concern warnings / Vera Therapeutics, Inc.
Filed 2025-08-05 路 Form 10-Q 路 Accession 0000950170-25-103022 small
Price before filing: $20.45 (2025-08-04 close, split/dividend-adjusted)
Market cap at flag: $1.32B (2025-08-05) 路 Latest: $2.00B (2026-10-16)
| Window | VERA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +7.1% | +2.8% | +4.2% | 2025-09-04 |
| 90 days | +26.8% | +8.6% | +18.3% | 2025-11-03 |
| 180 days | +121.4% | +10.8% | +110.6% | 2026-02-02 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $5.3M (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-06-23 | ENRIGHT PATRICK G Director | Purchase | 69,798 | $20.87 | $1.5M | no | Form 4 |
| 2025-06-23 | ENRIGHT PATRICK G Director | Purchase | 139,595 | $20.87 | $2.9M | no | Form 4 |
| 2025-06-24 | ENRIGHT PATRICK G Director | Purchase | 13,536 | $22.35 | $303K | no | Form 4 |
| 2025-06-24 | ENRIGHT PATRICK G Director | Purchase | 27,071 | $22.35 | $605K | no | Form 4 |
| 2025-08-05: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-07 to 2025-09-04. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As a result, these conditions raise substantial doubt about our ability to continue as a going concern over the long-term."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.