Venus Concept (VERO) AI Stock Analysis

• Market Cap: $2.60M
• Dividend Yield: N/A
• Average Volume (3M): 141.32K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: -12.39%
• EPS Growth: 44.61%
• Country: US
• Employees: 292
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Devices
• EPS (TTM): -12.14
• Shares Outstanding: 1,859,123
• 10 Day Avg. Volume: 313,727
• 30 Day Avg. Volume: 141,323
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.05
• P/FCF Ratio: -0.26
• Enterprise Value/Market Cap: 11.18
• Enterprise Value/Revenue: 0.49
• Enterprise Value/Gross Profit: 0.77
• Enterprise Value/Ebitda: -0.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $1.00 ▼(-34.64% Downside)

The score is pressured primarily by weak financial performance (declining revenue, large losses, high leverage and cash burn). Technicals also point to a sustained downtrend with negative momentum. Earnings updates show some product and balance-sheet progress, but near-term results remain negative, and corporate events (delisting and reliance on bridge financing/covenant relief) add meaningful risk.

Positive Factors

FDA-cleared multi-application platform

510(k) clearance for Venus Nova establishes a regulated, multi-application device that can drive equipment placements, recurring consumable sales and service contracts. Over months this supports revenue diversification, product-led growth and a clearer commercialization path for sustained installed-base monetization.

High gross profit margin

An 84% gross margin signals strong unit economics and low variable manufacturing cost relative to pricing. This margin profile provides structural flexibility to invest in R&D, absorb fixed-cost pressures, and improve operating leverage if revenue stabilizes or grows, supporting medium-term margin recovery potential.

Recurring revenue mix (services & consumables)

A business model combining device sales with service agreements and consumables creates repeatable revenue streams tied to installed base. This structural recurring component increases revenue visibility, customer stickiness and lifetime value, helping stabilize cash generation as device placements accumulate.

Negative Factors

Very high leverage

A debt-to-equity ratio near 2.84 indicates substantial leverage that raises refinancing, interest and solvency risk. With ongoing operating losses and limited equity buffer, high debt constrains strategic choices, increases fixed financial burdens, and elevates the probability that future cash flows must be directed to debt service rather than growth initiatives.

Declining revenue and widening losses

An 8% YoY revenue decline coupled with a substantially larger net loss signals structural demand and cost-control issues. Persisting top-line contraction reduces operating leverage and undermines the path to positive free cash flow, forcing continued reliance on external financing and making sustainable profitability harder to achieve within months.

Reliance on high-cost bridge financing and delisting

Frequent covenant waivers, extensions and delayed draw bridge loans at high interest reveal weak liquidity and recurring financing dependency. Voluntary delisting reduces market access and transparency, complicating future capital raises and increasing the execution risk of turnarounds given limited public-market remedies or visibility.

Venus Concept Business Overview & Revenue Model

Company Description

Venus Concept Inc., a medical technology company, develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic and hair restoration technologies, and related services in the United States and internationally. Its product portfolio includes aesthetic device platforms, including Venus Legacy, a noninvasive device used in dermatological and general surgical procedures for females; Venus Versa, a multi-application device used in aesthetic and cosmetic procedures; and Venus Viva, an advanced, portable, and fractional RF system for dermatological procedures requiring ablation and resurfacing of the skin. The company also offers Venus Fiore, a device that delivers non-thermal RF with massage and magnetic field pulses to treat various medical conditions; Venus Bliss, a device for non-invasive lipolysis of the abdomen and flanks in individuals with a body mass index of 30 or less; Venus Glow, a dermabrasion device used to improve skin appearance; and NeoGraft, an advanced hair restoration technology with an automated FUE and implantation system. In addition, it provides Venus Velocity and Venus Epileve for hair removal, permanent hair reduction, and treatment of pseudofolliculitis barbae; and ARTAS iX, a robotic system to assist physicians in identifying and extracting hair follicles units from the scalp during hair transplantation, creating recipient sites, and implanting the harvested hair follicles. The company is headquartered in Toronto, Canada.

How the Company Makes Money

Venus Concept generates revenue through a diversified model that includes the sale of its medical devices, recurring service and maintenance contracts, and consumable products associated with its devices. The company sells its aesthetic devices to medical practices and clinics, which can then offer various treatments to their clients. Additionally, Venus Concept benefits from recurring revenue streams through service agreements and the sale of consumables such as treatment tips and other accessories necessary for the operation of their devices. Strategic partnerships with healthcare providers and distribution networks also contribute to its earnings, as they expand the reach of its products and enhance market penetration. Overall, the combination of direct device sales, ongoing service contracts, and consumable sales forms the foundation of Venus Concept's revenue model.

Venus Concept Financial Statement Overview

Summary

Weak financial health: declining revenue, deeply negative profitability (net margin -121.06%), negative operating metrics (EBIT/EBITDA), high leverage (debt-to-equity 2.84), and ongoing cash burn despite modest positive free-cash-flow growth.

Income Statement

Venus Concept's income statement reveals significant challenges. The company has experienced declining revenue over the past few years, with a negative revenue growth rate of -2.05% in the TTM. Gross profit margins are relatively high at 84.02% in the TTM, indicating efficient production, but the net profit margin is deeply negative at -121.06%, highlighting substantial losses. Both EBIT and EBITDA margins are negative, reflecting operational inefficiencies and high operating costs.

Balance Sheet

The balance sheet shows a precarious financial position. The debt-to-equity ratio is extremely high at 2.84 in the TTM, indicating heavy reliance on debt financing. Return on equity is negative, showing that the company is not generating profits from shareholders' equity. The equity ratio is low, suggesting limited financial stability and high leverage risk.

Cash Flow

Cash flow analysis indicates some improvement but remains concerning. Free cash flow growth is positive at 9.86% in the TTM, but both operating and free cash flows are negative, indicating cash burn. The free cash flow to net income ratio is slightly above 1, suggesting that cash flow is somewhat aligned with net income, albeit both are negative.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.88M	64.83M	76.35M	99.50M	105.62M	78.01M
Gross Profit	37.89M	44.31M	52.17M	65.97M	74.09M	51.39M
EBITDA	-45.42M	-36.04M	-26.11M	-35.28M	-13.04M	-68.49M
Net Income	-54.61M	-47.00M	-37.25M	-43.70M	-23.01M	-81.71M
Balance Sheet
Total Assets	61.62M	68.18M	93.65M	125.38M	157.37M	160.53M
Cash, Cash Equivalents and Short-Term Investments	5.93M	4.27M	5.40M	11.57M	30.88M	34.30M
Total Debt	32.67M	43.03M	79.70M	83.77M	77.87M	79.60M
Total Liabilities	58.49M	65.35M	107.10M	116.64M	115.78M	116.76M
Stockholders Equity	2.67M	2.37M	-14.02M	8.09M	40.94M	44.23M
Cash Flow
Free Cash Flow	-20.75M	-11.19M	-12.97M	-27.32M	-20.28M	-28.94M
Operating Cash Flow	-20.45M	-11.07M	-12.86M	-26.98M	-19.77M	-28.65M
Investing Cash Flow	-294.00K	-123.00K	-116.00K	-336.00K	-552.00K	-2.39M
Financing Cash Flow	22.19M	10.06M	6.80M	8.01M	16.82M	49.67M

Venus Concept Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VERO, the sentiment is Negative. The current price of 1.53 is below the 20-day moving average (MA) of 1.95, below the 50-day MA of 1.87, and below the 200-day MA of 2.25, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 45.72 is Neutral, neither overbought nor oversold. The STOCH value of 12.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VERO.

Venus Concept Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
PAVM	49 Neutral	$9.94M	-0.56	20.03%	―	-99.28%	-46.17%
BJDX	46 Neutral	$2.39M	-0.02	-126.20%	―	―	97.70%
AEMD	45 Neutral	$2.34M	-0.04	-191.39%	―	―	76.53%
VERO	41 Neutral	$2.60M	-0.03	-854.61%	―	-12.39%	44.61%
DHAI	37 Underperform	$10.46K	>-0.01	―	―	―	―

Venus Concept Corporate Events

Venus Concept extends bridge financing and eases covenants

On January 29, 2026, Venus Concept Inc. and its subsidiaries entered into a consent agreement with Madryn Health Partners that temporarily waived certain minimum liquidity requirements under the company’s Main Street Priority Loan through February 13, 2026 and allowed the February 8, 2026 cash interest payment due under each note to be applied against principal, easing near‑term covenant pressure and cash outflows. On the same date, the parties executed a Twenty Fifth Bridge Loan Amendment extending the bridge loan maturity from January 31, 2026 to February 13, 2026, waiving minimum liquidity covenants over the same period and increasing the delayed draw commitment to $28 million, while also completing a seventeenth delayed drawdown of $2 million at 12% interest to fund general working capital needs, underscoring the company’s continued reliance on high‑cost, secured bridge financing to support operations and manage liquidity.

The most recent analyst rating on (VERO) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Venus Concept stock, see the VERO Stock Forecast page.

Venus Concept to Voluntarily Delist and Deregister Shares

On January 14, 2026, Venus Concept Inc. and its subsidiaries entered into a consent agreement and a twenty-fourth amendment to their existing loan arrangements with Madryn Health Partners, waiving certain minimum liquidity requirements and extending the maturity of a bridge loan from January 14 to January 31, 2026, providing short-term financial flexibility. On January 20, 2026, the company’s board approved a plan to voluntarily delist its common stock from the Nasdaq Capital Market, suspend SEC periodic reporting, and terminate its federal securities registration, and on January 21, 2026 Venus Concept announced that it would file the necessary forms to effect the delisting and deregistration in early February 2026. The board, citing compliance costs, low trading volumes and regulatory burdens, said the move is intended to reduce expenses, support an ongoing turnaround plan and allow management to focus resources on long-term value, a shift that will remove the company from U.S. public markets and alter transparency and liquidity for existing shareholders.

The most recent analyst rating on (VERO) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Venus Concept stock, see the VERO Stock Forecast page.

Venus Concept Secures Short-Term Debt Relief Extension

On December 31, 2025, Venus Concept Inc. and several of its subsidiaries entered into a Consent Agreement with Madryn Health Partners and its affiliate, providing temporary relief under the company’s Main Street Priority Loan by waiving certain minimum liquidity requirements through January 14, 2026 and allowing the January 8, 2026 cash interest payment to be applied to outstanding principal instead. On the same date, the company and its lenders executed a Twenty Third Bridge Loan Amendment that extended the maturity of the existing bridge loan from December 31, 2025 to January 14, 2026 and similarly waived certain minimum liquidity covenants through that date, effectively giving Venus Concept short-term balance sheet flexibility and additional time to address its financing obligations.

The most recent analyst rating on (VERO) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Venus Concept stock, see the VERO Stock Forecast page.

Venus Concept Amends Loan Agreement with Madryn Health

On November 30, 2025, Venus Concept Inc. and its subsidiaries entered into a Consent Agreement with Madryn Health Partners to waive certain liquidity requirements and allow cash interest payments to be applied to outstanding principal balances. Additionally, a Twenty Second Bridge Loan Amendment was agreed upon, extending the maturity date and waiving liquidity requirements until December 31, 2025. The company also secured a Fourteenth Delayed Drawdown of $1.5 million on November 25, 2025, intended for general working capital purposes.

The most recent analyst rating on (VERO) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on Venus Concept stock, see the VERO Stock Forecast page.

Venus Concept Gains FDA Clearance for Venus Nova

On November 10, 2025, Venus Concept announced it received 510(k) clearance from the FDA to market Venus Nova, its new multi-application platform for non-invasive treatments. The announcement is part of the company’s strategic efforts to stabilize and grow its business amidst challenging market conditions. Despite a decline in total revenue for the third quarter of 2025, the company reported stabilization in its Energy Based Device revenues and executed significant debt-to-equity exchanges to strengthen its financial position. The company is also working to close the sale of its Venus Hair Business, facing challenges that have led to seeking court assistance.

The most recent analyst rating on (VERO) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Venus Concept stock, see the VERO Stock Forecast page.