Vistagen Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:20:51Z
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 | — | -25.81M | -50.25M | -45.46M | -12.35M | -15.76M |
| EBITDA | -55.82M | -32.89M | -59.14M | -47.63M | -17.82M | -20.70M |
| Working Capital | 69.46M | 115.55M | 12.93M | 65.23M | 99.93M | -26.13M |
| Net Debt | -65.62M | -117.05M | -13.92M | -65.10M | -99.39M | 2.74M |
| Operating Margin | -11517.08% | -3103.48% | 26109.25% | -4308.29% | -1646.06% | — |
| Net Margin | -10579.84% | -2759.59% | 26100.44% | -4306.80% | -1646.09% | — |
| Return on Equity (ROE) | -73.05% | -25.69% | -490.46% | -73.80% | -19.50% | 362.59% |
| Return on Assets (ROA) | -60.96% | -23.75% | -280.94% | -63.99% | -16.56% | -359.89% |
| Current Ratio | 6.51× | 23.55× | 3.83× | 12.32× | 24.86× | 0.06× |
| Debt-to-Equity | 0.02× | 0.02× | 0.23× | 0.05× | 0.04× | -0.71× |
| Effective Tax Rate | -0.01% | -0.01% | -0.01% | -0.01% | -0.01% | -0.01% |
| Cash Conversion Ratio | 0.82× | 0.88× | 0.84× | 0.95× | 0.67× | 0.76× |
| Accruals Ratio | -0.11× | -0.03× | -0.45× | -0.03× | -0.05× | -0.87× |
| SBC % of Revenue | 887.86% | 205.08% | -1469.60% | 313.86% | 211.67% | — |
| CapEx Coverage | — | — | -93.89× | -222.50× | -43.32× | -5252.33× |
| Free Cash Flow Per Share | — | $-1.33 | $-7.22 | $-7.02 | $-0.14 | $-0.36 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | — | — | -227.00K | 1.11M | 1.09M | 0 |
| Research and Development Expense | 39.38M | 20.02M | 44.38M | 35.41M | 11.93M | 13.37M |
| Operating Expenses | 56.46M | 34.09M | 59.04M | 48.89M | 19.02M | 20.80M |
| Operating Income (Loss) | -55.97M | -33.02M | -59.27M | -47.78M | -17.93M | -20.80M |
| Income Tax Expense (Benefit) | 7.00K | 4.00K | 6.00K | 3.40K | 2.60K | 2.60K |
| Net Income (Loss) Attributable to Parent | -51.42M | -29.36M | -59.25M | -47.76M | -17.93M | -20.77M |
| Earnings Per Share, Basic | $-1.67 | $-1.52 | $-8.51 | $-7.38 | $-0.49 | — |
| Weighted Average Number of Shares Outstanding, Basic | 30.88M | 19.35M | 6.96M | 6.60M | 86.13M | — |
| Earnings Per Share, Diluted | $-1.67 | $-1.52 | $-8.51 | — | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 30.88M | 19.35M | 6.96M | — | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 67.13M | 119.17M | 16.64M | 68.14M | 103.11M | 1.36M |
| Assets, Current | 82.08M | 120.67M | 17.51M | 71.00M | 104.12M | 1.58M |
| Assets | 84.34M | 123.65M | 21.09M | 74.64M | 108.28M | 5.77M |
| Liabilities, Current | 12.61M | 5.12M | 4.57M | 5.77M | 4.19M | 27.71M |
| Liabilities | 13.95M | 9.37M | 9.01M | 9.93M | 16.30M | 11.50M |
| Stockholders' Equity Attributable to Parent | 70.39M | 114.29M | 12.08M | 64.72M | 91.98M | -5.73M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -42.10M | -25.81M | -49.72M | -45.26M | -12.07M | -15.76M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | 200.40K | 275.40K | 0 |
| Net Cash Provided by (Used in) Investing Activities | -13.15M | -61.00K | -740.00K | -200.40K | -275.40K | 0 |
| Net Cash Provided by (Used in) Financing Activities | 3.21M | 128.40M | -1.04M | 10.48M | 114.10M | 4.01M |
Derived Metrics
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| EBITDA | — | — | -15.76M | -14.46M | — | — |
| Working Capital | 49.72M | 65.29M | 55.56M | 69.46M | 80.32M | 92.42M |
| Net Debt | -45.94M | -60.92M | -46.63M | -65.62M | -73.00M | -82.45M |
| Operating Margin | -6450.83% | -7772.48% | -6477.05% | 96633.33% | -6461.54% | -7774.32% |
| Net Margin | -6237.29% | -7525.97% | -6186.48% | 90900.00% | -6020.94% | -7082.51% |
| Return on Equity (ROE) | -37.12% | -29.27% | -26.59% | -19.37% | -17.37% | -13.94% |
| Return on Assets (ROA) | -29.05% | -23.99% | -21.90% | -16.17% | -15.26% | -12.65% |
| Current Ratio | 4.67× | 5.79× | 5.98× | 6.51× | 9.35× | 13.29× |
| Debt-to-Equity | 0.03× | 0.03× | 0.04× | 0.02× | 0.02× | 0.02× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -0.05% |
| Cash Conversion Ratio | 2.66× | 1.68× | 1.25× | 0.74× | 2.27× | 1.68× |
| Accruals Ratio | 0.48× | 0.16× | 0.05× | -0.04× | 0.19× | 0.09× |
| SBC % of Revenue | 1025.74% | 779.85% | 375.41% | -6420.00% | 1432.48% | 1241.53% |
Valuation Metrics
Income Statement
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Research and Development Expense | 14.22M | 15.91M | 11.68M | 10.21M | 11.30M | 10.21M |
| Operating Expenses | 19.85M | 20.31M | 16.05M | 14.48M | 15.35M | 14.41M |
| Operating Income (Loss) | -19.55M | -20.05M | -15.80M | -14.49M | -15.12M | -14.23M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 7.00K |
| Net Income (Loss) Attributable to Parent | -18.90M | -19.42M | -15.10M | -13.63M | -14.09M | -12.96M |
| Earnings Per Share, Basic | $-0.45 | $-0.54 | $-0.47 | $-0.44 | $-0.46 | $-0.42 |
| Weighted Average Number of Shares Outstanding, Basic | 42.23M | 35.75M | 31.93M | 30.88M | 30.71M | 30.63M |
| Earnings Per Share, Diluted | $-0.45 | $-0.54 | $-0.47 | $-0.44 | $-0.46 | $-0.42 |
| Weighted Average Number of Shares Outstanding, Diluted | 42.23M | 35.75M | 31.93M | 30.88M | 30.71M | 30.63M |
Balance Sheet
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 47.37M | 62.79M | 48.98M | 67.13M | 74.72M | 84.25M |
| Assets, Current | 63.24M | 78.93M | 66.72M | 82.08M | 89.94M | 99.95M |
| Assets | 65.06M | 80.93M | 68.92M | 84.34M | 92.31M | 102.50M |
| Liabilities, Current | 13.53M | 13.64M | 11.15M | 12.61M | 9.62M | 7.52M |
| Liabilities | 14.14M | 14.59M | 12.16M | 13.95M | 11.19M | 9.52M |
| Stockholders' Equity Attributable to Parent | 50.92M | 66.34M | 56.77M | 70.39M | 81.12M | 92.97M |
Cash Flow Statement
| Concept | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -50.24M | -32.60M | -18.85M | -10.06M | -32.03M | -21.75M |
| Net Cash Provided by (Used in) Investing Activities | -778.00K | -882.00K | -788.00K | 527.00K | -13.68M | -13.25M |
| Net Cash Provided by (Used in) Financing Activities | 31.25M | 29.14M | 1.49M | 1.95M | 1.26M | 88.00K |
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 (VTGN CIK 0001411685),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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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.