VANDA PHARMACEUTICALS INC. financials
Source: EDGAR filings · Built 2026-06-02T04:19:30Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -112.43M | -16.40M | 12.42M | 31.30M | 63.66M | 49.98M |
| EBITDA | -143.06M | -32.53M | -10.94M | 9.06M | 45.01M | 30.10M |
| Working Capital | 202.10M | 338.91M | 345.25M | 427.86M | 403.88M | 343.21M |
| Net Debt | -72.23M | -89.96M | -126.42M | -123.89M | -39.70M | -47.42M |
| Gross Margin | — | — | — | — | — | 24.53% |
| Operating Margin | -69.95% | -20.46% | -7.24% | 2.49% | 15.69% | 10.98% |
| Net Margin | -102.02% | -9.51% | 1.30% | 2.47% | 12.34% | 9.40% |
| Return on Equity (ROE) | -67.38% | -3.51% | 0.46% | 1.19% | 6.57% | 5.15% |
| Return on Assets (ROA) | -45.09% | -2.88% | 0.39% | 0.99% | 5.58% | 4.37% |
| Current Ratio | 2.39× | 4.39× | 4.94× | 5.68× | 6.43× | 6.21× |
| Debt-to-Equity | 0.04× | 0.02× | 0.02× | 0.02× | 0.02× | 0.03× |
| Effective Tax Rate | -59.02% | 17.54% | 60.42% | 44.47% | 21.74% | 26.28% |
| Cash Conversion Ratio | 0.50× | 0.83× | 5.10× | 5.10× | 1.94× | 2.22× |
| Accruals Ratio | -0.23× | -0.00× | -0.02× | -0.04× | -0.05× | -0.05× |
| SBC % of Revenue | 4.38% | 6.25% | 7.29% | 6.40% | 5.72% | 5.38% |
| CapEx Coverage | -36.61× | -24.43× | 33.42× | 47.10× | 116.33× | 28.84× |
| Free Cash Flow Per Share | $-1.91 | $-0.28 | $0.22 | $0.55 | $1.12 | $0.91 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 105.50× | 67.18× | 27.05× | 31.29× |
| P/FCF | — | — | 19.56× | 13.45× | 14.03× | 14.51× |
| FCF Yield | — | — | 5.11% | 7.43% | 7.13% | 6.89% |
| EV / EBITDA | — | — | — | 32.64× | 18.61× | 22.37× |
| P/S | 2.41× | 1.41× | 1.26× | 1.65× | 3.26× | 2.90× |
| P/B | 1.59× | 0.52× | 0.45× | 0.80× | 1.74× | 1.59× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 216.10M | 198.77M | 192.64M | 254.38M | 268.68M | 248.17M |
| Revenues | 216.10M | 198.77M | 192.64M | 254.38M | 268.68M | 248.17M |
| Gross Profit | — | — | — | — | — | 60.87M |
| Research and Development Expense | 109.27M | 74.43M | 76.82M | 85.77M | 75.36M | 55.58M |
| Selling, General and Administrative Expense | 237.95M | 146.41M | 112.88M | 136.49M | 124.05M | 140.51M |
| Operating Income (Loss) | -151.17M | -40.66M | -13.95M | 6.33M | 42.16M | 27.24M |
| Income Tax Expense (Benefit) | 81.83M | -4.02M | 3.83M | 5.03M | 9.21M | 8.32M |
| Net Income (Loss) Attributable to Parent | -220.47M | -18.90M | 2.51M | 6.28M | 33.15M | 23.34M |
| Earnings Per Share, Basic | $-3.74 | $-0.33 | $0.04 | $0.11 | $0.60 | $0.43 |
| Weighted Average Number of Shares Outstanding, Basic | 58.93M | 58.15M | 57.38M | 56.46M | 55.55M | 54.43M |
| Earnings Per Share, Diluted | $-3.74 | $-0.33 | $0.04 | $0.11 | $0.58 | $0.42 |
| Weighted Average Number of Shares Outstanding, Diluted | 58.93M | 58.15M | 57.56M | 56.98M | 56.92M | 55.19M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 84.85M | 102.32M | 135.82M | 135.03M | 52.07M | 61.03M |
| Assets, Current | 347.26M | 438.89M | 432.95M | 519.29M | 478.30M | 409.14M |
| Assets | 488.95M | 656.20M | 648.44M | 634.25M | 593.79M | 533.46M |
| Liabilities, Current | 145.16M | 99.98M | 87.70M | 91.44M | 74.42M | 65.94M |
| Liabilities | 161.76M | 117.66M | 103.53M | 107.05M | 88.86M | 80.19M |
| Stockholders' Equity Attributable to Parent | 327.19M | 538.55M | 544.91M | 527.20M | 504.93M | 453.27M |
| Common Stock, Shares, Outstanding | 59.10M | 58.31M | 57.53M | 56.78M | 55.90M | 54.87M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -109.44M | -15.76M | 12.80M | 31.98M | 64.21M | 51.77M |
| Payments to Acquire Property, Plant, and Equipment | 998.00K | 490.00K | 383.00K | 679.00K | 552.00K | 1.79M |
| Net Cash Provided by (Used in) Investing Activities | 94.86M | -17.43M | -12.06M | 49.92M | -76.70M | -41.50M |
| Net Cash Provided by (Used in) Financing Activities | -2.91M | -155.00K | 0 | 734.00K | 3.55M | 5.63M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -51.22M | -30.16M | -82.27M | -49.97M | -33.99M | -2.19M |
| EBITDA | -47.96M | -38.30M | — | — | -39.05M | -8.31M |
| Working Capital | 157.59M | 202.10M | 249.63M | 273.43M | 303.99M | 338.91M |
| Net Debt | -40.96M | -72.23M | -59.11M | -69.34M | -100.05M | -89.96M |
| Operating Margin | -97.11% | -70.53% | -55.61% | -73.21% | -81.99% | -19.33% |
| Net Margin | -93.91% | -246.76% | -40.15% | -51.73% | -58.94% | -9.24% |
| Return on Equity (ROE) | -17.30% | -43.15% | -4.85% | -5.59% | -5.77% | -0.91% |
| Return on Assets (ROA) | -11.20% | -28.88% | -3.76% | -4.35% | -4.67% | -0.75% |
| Current Ratio | 2.16× | 2.39× | 3.12× | 3.25× | 3.93× | 4.39× |
| Debt-to-Equity | 0.05× | 0.04× | 0.02× | 0.02× | 0.02× | 0.02× |
| Effective Tax Rate | -0.30% | -271.53% | 20.44% | 22.01% | 21.07% | 24.40% |
| Cash Conversion Ratio | 1.03× | 0.21× | 3.54× | 1.78× | 1.12× | 0.37× |
| Accruals Ratio | 0.00× | -0.23× | 0.10× | 0.03× | 0.01× | -0.00× |
| SBC % of Revenue | 4.96% | 3.99% | 12.78% | 9.65% | 5.94% | 5.38% |
| CapEx Coverage | -50.37× | -39.65× | -35.61× | -30.85× | -39.23× | -4.92× |
| Free Cash Flow Per Share | $-0.86 | $-0.51 | $-1.39 | $-0.85 | $-0.58 | $-0.04 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 51.72M | 57.22M | 56.26M | 52.59M | 50.04M | 53.19M |
| Revenues | 51.72M | 57.22M | 56.26M | 52.59M | 50.04M | 53.19M |
| Research and Development Expense | 28.43M | 29.01M | 22.56M | 21.99M | 35.71M | 19.84M |
| Selling, General and Administrative Expense | 68.36M | 62.98M | 60.27M | 64.62M | 50.08M | 39.28M |
| Operating Income (Loss) | -50.22M | -40.35M | -31.28M | -38.50M | -41.03M | -10.28M |
| Income Tax Expense (Benefit) | 143.00K | 103.19M | -5.80M | -7.68M | -7.87M | -1.58M |
| Net Income (Loss) Attributable to Parent | -48.57M | -141.19M | -22.59M | -27.21M | -29.49M | -4.91M |
| Earnings Per Share, Basic | $-0.82 | $-2.39 | $-0.38 | $-0.46 | $-0.50 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Basic | 59.46M | 58.93M | 59.09M | 58.99M | 58.53M | 58.15M |
| Earnings Per Share, Diluted | $-0.82 | $-2.39 | $-0.38 | $-0.46 | $-0.50 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 59.46M | 58.93M | 59.09M | 58.99M | 58.53M | 58.15M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 54.03M | 84.85M | 70.02M | 80.98M | 111.80M | 102.32M |
| Assets, Current | 293.17M | 347.26M | 367.50M | 394.92M | 407.91M | 438.89M |
| Assets | 433.52M | 488.95M | 601.14M | 624.75M | 631.94M | 656.20M |
| Liabilities, Current | 135.58M | 145.16M | 117.87M | 121.49M | 103.92M | 99.98M |
| Liabilities | 152.76M | 161.76M | 135.14M | 138.42M | 120.52M | 117.66M |
| Stockholders' Equity Attributable to Parent | 280.76M | 327.19M | 466.00M | 486.33M | 511.42M | 538.55M |
| Common Stock, Shares, Outstanding | 60.14M | 59.10M | 59.10M | 59.08M | 58.93M | 58.31M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -50.22M | -29.42M | -80.03M | -48.40M | -33.15M | -1.82M |
| Payments to Acquire Property, Plant, and Equipment | 221.00K | 102.00K | 896.00K | 735.00K | 436.00K | 214.00K |
| Net Cash Provided by (Used in) Investing Activities | 20.23M | 44.87M | 49.99M | 28.63M | 43.90M | 3.99M |
| Net Cash Provided by (Used in) Financing Activities | -776.00K | -640.00K | -2.27M | -1.75M | -1.32M | -155.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (VNDA CIK 0001347178),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.