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Companies / Health Care / Vera Therapeutics, Inc.
VERA

Vera Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker VERABRISBANE, CAFiscal year ends DecemberBook value per share $4.64Diluted shares 71.8M

Vera Therapeutics, Inc. (Nasdaq: VERA) is a clinical-stage biotechnology company developing treatments for serious immunological diseases, with a focus on autoimmune kidney conditions. Its lead product candidate, atacicept, is a fusion protein designed to inhibit BAFF and APRIL, signaling proteins involved in B-cell… From the company’s description.

In fiscal 2025, Vera Therapeutics, Inc. reported a net loss of $299.62M. Operations used $241.10M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
—
0.00%FY2025
$-299.62MFY2025
−96.9% year over year
Last 12 mo $-415.31M
-49.56%FY2025
−23.2 percentage points
Last 12 mo -124.65%
Cash & financing
$-241.10MFY2025
−79.0% year over year
Last 12 mo $-375.92M
$-241.73MFY2025
−78.2% year over year
Last 12 mo $-376.05M
0.12FY2025
Was 0.09× a year earlier
Last 12 mo 0.23
64.2MFY2025
+16.1% year over year
Last 12 mo 71.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Vera Therapeutics, Inc. does

In the company’s own words

Vera Therapeutics, Inc. (Nasdaq: VERA) is a clinical-stage biotechnology company developing treatments for serious immunological diseases, with a focus on autoimmune kidney conditions. Its lead product candidate, atacicept, is a fusion protein designed to inhibit BAFF and APRIL, signaling proteins involved in B-cell activity and autoantibody production. The company is developing atacicept for immunoglobulin A nephropathy (IgAN) and evaluating it in other autoimmune kidney diseases, including primary membranous nephropathy, focal segmental glomerulosclerosis and minimal change disease. Vera submitted a U.S. biologics license application for atacicept in IgAN in November 2025; the candidate is not yet approved for commercial sale. Its pipeline also includes MAU868, a monoclonal antibody being developed for reactivated BK virus infections in kidney transplant recipients, and VT-109, a preclinical dual BAFF/APRIL inhibitor for B-cell-mediated diseases. Vera holds worldwide development and commercial rights to its candidates through licensing agreements. The company reports its operations as a single business focused on developing and commercializing treatments.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
BRISBANE, CA
Fiscal year end
December
CIK
1831828
SIC
2834

Financial performance, year by year

Fiscal 2021–2025 · USD
$-453.58M$-338.77M$-223.96M$-109.15M$5.66M20212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Vera Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

205
funds hold it
0 of 35
superinvestors hold it
$793.40M
held by funds, at market
27.1%
of shares held by funds

Largest fund holders · Vera Therapeutics, Inc.’s weight in each

1.06%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.09%of fund net assets
T. Rowe Price New Horizons Fund, Inc.
PRNHX · T. ROWE PRICE NEW HORIZONS FUND, INC.
0.30%of fund net assets
T. Rowe Price Health Sciences Fund, Inc.
PRHSX · T. ROWE PRICE HEALTH SCIENCES FUND, INC.
0.28%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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