Venus Concept Inc. (VERO) Revenue History
Annual and quarterly revenue from 2015 to present
VERO Revenue Over Time (2015–2024)
VERO Revenue Growth History
4 of 9 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- -9.5%
- FY2017 revenue growth
- +36.5%
- FY2018 revenue growth
- +3.1%
- FY2019 revenue growth
- +402.9%
- FY2020 revenue growth
- -29.3%
- FY2021 revenue growth
- +35.4%
- FY2022 revenue growth
- -5.8%
- FY2023 revenue growth
- -23.3%
- FY2024 revenue growth
- -15.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $13.8M | -8.2% |
| Q2 2025 | $15.7M | -5.4% |
| Q1 2025 | $13.6M | -21.9% |
| Q4 2024 | $15.8M | -13.1% |
| Q3 2024 | $15.0M | -14.8% |
| Q2 2024 | $16.6M | -17.4% |
| Q1 2024 | $17.5M | -14.9% |
| Q4 2023 | $18.1M | -25.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
VERO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
VERO Revenue Analysis (2015–2024)
Current Revenue & Growth
As of June 23, 2026, Venus Concept Inc. (VERO) generated trailing twelve-month (TTM) revenue of $58.9 million, reflecting moderate decline in growth of -8.2% year-over-year. The most recent quarter (Q3 2025) recorded $13.8 million in revenue, down 12.2% sequentially.
Historical Growth Trajectory
VERO's 5-year compound annual growth rate (CAGR) stands at -10.1%, indicating revenue contraction over this period. The 3-year CAGR of -15.0% is below the 5-year average, signalling a growth deceleration in recent years. Venus Concept Inc.'s highest annual revenue of $110.4 million was recorded in 2019.
Revenue by Segment
VERO's revenue is primarily driven by System (59%), Leases (20%), and Product (16%). With over half of revenue concentrated in System, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including INMD (-4.5% YoY), SSKN (-8.5% YoY), and LASE (+40.4% YoY) — VERO has underperformed the peer group in revenue growth. Compare VERO vs INMD →
VERO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VEROCurrent | $59M | -8.2% | -10.1% | -41.9% | |
 INMD | $370M | -4.5% | +12.4% | 23.0% | |
 SSKN | $31M | -8.5% | +5.9% | -19.0% | |
 LASE | $8M | +40.4% | +29.7% | -115.5% | |
 HIMS | $2.3B | +32.8% | +73.6% | 4.5% | |
 SKIN | $301M | -8.2% | +20.4% | -6.9% |
VERO Historical Revenue Data (2015–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $64.8M | -15.1% | $44.3M | 68.3% | $-27,184,000 | -41.9% |
| 2023 | $76.4M | -23.3% | $52.2M | 68.3% | $-28,309,000 | -37.1% |
| 2022 | $99.5M | -5.8% | $66.0M | 66.3% | $-34,876,000 | -35.1% |
| 2021 | $105.6M | +35.4% | $74.1M | 70.2% | $-14,767,000 | -14.0% |
| 2020 | $78.0M | -29.3% | $51.4M | 65.9% | $-67,898,000 | -87.0% |
| 2019 | $110.4M | +402.9% | $76.7M | 69.4% | $-30,278,000 | -27.4% |
| 2018 | $22.0M | +3.1% | $9.5M | 43.3% | $-25,906,000 | -118.0% |
| 2017 | $21.3M | +36.5% | $9.1M | 42.9% | $-17,282,000 | -81.1% |
| 2016 | $15.6M | -9.5% | $5.2M | 33.1% | $-18,932,000 | -121.4% |
| 2015 | $17.2M | - | $4.7M | 27.4% | $-20,525,000 | -119.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VERO — Frequently Asked Questions
Quick answers to the most common questions about buying VERO stock.
Is VERO's revenue growth accelerating or slowing?
VERO revenue is declining -8.2% year-over-year. TTM revenue fell to $59M, contrasting with the 5-year CAGR of -10.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is VERO's revenue history from 2015 to 2026?
Venus Concept Inc. (VERO) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $59M, growing at -8.2% YoY. The 5-year CAGR is -10.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VERO's long-term revenue growth rate (CAGR)?
Venus Concept Inc.'s 5-year revenue CAGR of -10.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -8.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VERO.
Why does VERO's quarterly revenue fluctuate?
VERO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Venus Concept Inc.'s revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is VERO's revenue distributed by segment?
VERO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VERO's revenue compare to industry peers?
Venus Concept Inc. (VERO) with TTM revenue of $59M and -8.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.