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Side-by-side financial comparison of REED'S, INC. (REED) and Verastem, Inc. (VSTM). Click either name above to swap in a different company.

Verastem, Inc. is the larger business by last-quarter revenue ($11.2M vs $7.5M, roughly 1.5× REED'S, INC.). REED'S, INC. runs the higher net margin — -50.5% vs -876.3%, a 825.8% gap on every dollar of revenue.

Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

REED vs VSTM — Head-to-Head

Bigger by revenue
VSTM
VSTM
1.5× larger
VSTM
$11.2M
$7.5M
REED
Higher net margin
REED
REED
825.8% more per $
REED
-50.5%
-876.3%
VSTM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
REED
REED
VSTM
VSTM
Revenue
$7.5M
$11.2M
Net Profit
$-3.8M
$-98.5M
Gross Margin
20.4%
Operating Margin
-46.9%
-362.2%
Net Margin
-50.5%
-876.3%
Revenue YoY
-23.1%
Net Profit YoY
8.2%
-311.1%
EPS (diluted)
$-1.26
$-1.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
REED
REED
VSTM
VSTM
Q4 25
$7.5M
Q3 25
$7.0M
$11.2M
Q2 25
$9.5M
$2.1M
Q1 25
$10.0M
Q4 24
$9.7M
Q3 24
$6.8M
$0
Q2 24
$11.9M
$10.0M
Q1 24
$9.6M
Net Profit
REED
REED
VSTM
VSTM
Q4 25
$-3.8M
Q3 25
$-4.0M
$-98.5M
Q2 25
$-6.0M
$-25.9M
Q1 25
$-2.0M
Q4 24
$-4.1M
Q3 24
$-4.2M
$-24.0M
Q2 24
$-3.2M
$-8.3M
Q1 24
$-1.7M
Gross Margin
REED
REED
VSTM
VSTM
Q4 25
20.4%
Q3 25
17.4%
Q2 25
8.5%
Q1 25
33.9%
Q4 24
30.0%
Q3 24
18.0%
Q2 24
32.3%
Q1 24
35.6%
Operating Margin
REED
REED
VSTM
VSTM
Q4 25
-46.9%
Q3 25
-58.3%
-362.2%
Q2 25
-60.8%
-2047.9%
Q1 25
-17.4%
Q4 24
-37.6%
Q3 24
-46.5%
Q2 24
-5.6%
-182.8%
Q1 24
-6.8%
Net Margin
REED
REED
VSTM
VSTM
Q4 25
-50.5%
Q3 25
-56.6%
-876.3%
Q2 25
-63.5%
-1213.6%
Q1 25
-20.3%
Q4 24
-42.3%
Q3 24
-61.5%
Q2 24
-27.1%
-82.6%
Q1 24
-17.4%
EPS (diluted)
REED
REED
VSTM
VSTM
Q4 25
$-1.26
Q3 25
$-0.48
$-1.35
Q2 25
$-0.13
$-0.62
Q1 25
$-0.04
Q4 24
$-3.73
Q3 24
$-4.91
$-0.60
Q2 24
$-0.77
$-0.31
Q1 24
$-0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
REED
REED
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$137.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.2M
$-15.5M
Total Assets
$23.3M
$176.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REED
REED
VSTM
VSTM
Q4 25
Q3 25
$137.7M
Q2 25
$164.3M
Q1 25
Q4 24
Q3 24
$113.2M
Q2 24
$83.4M
Q1 24
Total Debt
REED
REED
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$40.5M
Q2 24
$40.3M
Q1 24
Stockholders' Equity
REED
REED
VSTM
VSTM
Q4 25
$9.2M
Q3 25
$2.8M
$-15.5M
Q2 25
$1.7M
$36.1M
Q1 25
$4.7M
Q4 24
$6.6M
Q3 24
$-22.0M
$11.1M
Q2 24
$-23.8M
$18.9M
Q1 24
$-20.7M
Total Assets
REED
REED
VSTM
VSTM
Q4 25
$23.3M
Q3 25
$19.9M
$176.9M
Q2 25
$23.7M
$196.3M
Q1 25
$24.5M
Q4 24
$25.1M
Q3 24
$15.0M
$126.4M
Q2 24
$18.7M
$105.7M
Q1 24
$19.3M
Debt / Equity
REED
REED
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
3.66×
Q2 24
2.14×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REED
REED
VSTM
VSTM
Operating Cash FlowLast quarter
$-3.8M
$-36.2M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-52.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REED
REED
VSTM
VSTM
Q4 25
$-3.8M
Q3 25
$-2.8M
$-36.2M
Q2 25
$-5.0M
$-32.7M
Q1 25
$-5.4M
Q4 24
$-3.9M
Q3 24
$1.1M
$-23.8M
Q2 24
$-912.0K
$-27.6M
Q1 24
$-2.4M
Free Cash Flow
REED
REED
VSTM
VSTM
Q4 25
$-3.9M
Q3 25
$-2.9M
Q2 25
$-5.1M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$1.0M
Q2 24
$-924.0K
$-27.6M
Q1 24
$-2.4M
FCF Margin
REED
REED
VSTM
VSTM
Q4 25
-52.0%
Q3 25
-41.5%
Q2 25
-53.2%
Q1 25
-54.2%
Q4 24
-40.8%
Q3 24
15.3%
Q2 24
-7.8%
-275.8%
Q1 24
-25.1%
Capex Intensity
REED
REED
VSTM
VSTM
Q4 25
1.1%
Q3 25
1.4%
Q2 25
0.2%
Q1 25
0.7%
Q4 24
1.0%
Q3 24
0.3%
Q2 24
0.1%
0.1%
Q1 24
0.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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