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VNDA Financials Vanda Pharmaceuticals Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 2.7% per year over the past 5 years.
  • Operating margin has contracted, at -70.0% in the latest year.

Financial health

  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$221M $24M $269M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-102% -26% 51% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$110M -$23M $64M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $68M $136M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$110M -$1M $107M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $216M -$221M 0.0% -70.0% -$110M $85M
2024 $199M -$19M 0.0% -20.5% -$16M $102M
2023 $193M $3M 0.0% -7.2% $12M $136M
2022 $254M $6M 0.0% 2.5% $31M $135M
2021 $269M $33M 0.0% 15.7% $64M $52M
2020 $248M $23M 0.0% 11.0% $50M $61M
2019 $227M $116M 0.0% 10.0% $45M $45M
2018 $193M $25M 0.0% 11.3% $30M $61M
2017 $165M -$16M 0.0% -10.2% -$4M $34M
2016 $146M -$18M 0.0% -12.7% $40M
2015 -$40M $51M
2014 $20M $61M
2013 -$21M -$40M $65M
2012 -$29M -$47M $89M
2011 -$10M -$29M $88M

Valuation over time

How the market has priced VNDA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 70.0 140.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.2 2.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is VNDA growing its revenue and profit?

Over the past 5 years, Vanda Pharmaceuticals Inc.'s revenue has declined 2.7% per year. These are computed facts, not advice.

How much debt does VNDA have?

As of FY2025, Vanda Pharmaceuticals Inc. reported — of total debt against $85M of cash.

What is VNDA's profit margin?

In FY2025, gross margin was —, operating margin -70.0%, and net margin -102.0%.

What is VNDA's P/E ratio?

As of Jun '26, Vanda Pharmaceuticals Inc. traded at a price-to-earnings ratio of about 123.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.