Saturday 17 October 2026 Export VANI’s income statement to Excel — free account

Vivani Medical, Inc.

In the quarter to June 2026, EPS grew 41.7% and free cash flow was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.

1.12 0.03 −2.61%

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Market cap: $103.7M
P/E: 0.0×
Fwd P/E: −2.6×
Dividend yield: —
F-score: 5/9
Altman Z: −26.19
Beneish M: 12.36
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 18.64

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	1	2	2	1	1	1	1	1	1	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 56.55%

Capital & Financial Ratios $m

Market Cap 103.74

Revenue 3.38

Net Income (26.31)

Free Cash Flow (26.50)

Net Debt (19.89)

Current Ratio 3.25

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E (2.59)

P/S ratio 28.87

P/B ratio 5.14

Past 5Y EPS Growth —

This Y EPS Growth 23.26%

Next Y EPS Growth (37.88%)

Next Y revenue growth (100.00%)

Next 5Y EPS Growth 2.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 80.65%

10-year low 10-year high

P/B against its own 10 years 51.45%

10-year low 10-year high

EV/Sales against its own 10 years 80.68%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	21	18	16	20
Receivables	—	0	1	1
Inventory	—	—	—	—
Other	—	—	—	—
	23	20	18	22

	2023	2024	2025	Q'26
Payables	1	1	1	1
ST’ Debt	—	—	—	—
Other	2	2	2	2
	6	6	7	7

Compound Annual Growth %

	10y	5y	3y
Sales	—	(0.11%)	(5.35%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(2.50%)	0.00%	(29.19%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’19	1	1	0	0	3
’18	1	2	2	2	7
’17	1	2	2	3	8

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	(6)	—	—	—
’25	(5)	(6)	(6)	(7)	(24)
’24	(5)	(5)	(6)	(6)	(21)
’23	(7)	(6)	(8)	(3)	(24)
’22	(3)	(3)	(7)	(5)	(19)
’21	(1)	(4)	(3)	(3)	(11)
’20	(9)	(5)	(1)	(1)	(17)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	(6)	—	—	—
’25	(5)	(6)	(7)	(7)	(25)
’24	(5)	(5)	(6)	(6)	(21)
’23	(7)	(6)	(8)	(4)	(25)
’22	(3)	(4)	(7)	(5)	(19)
’21	(1)	(4)	(3)	(3)	(12)
’20	(9)	(5)	(1)	(1)	(17)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.08)	(0.07)	—	—	—
’25	(0.11)	(0.12)	(0.11)	(0.09)	(0.43)
’24	(0.12)	(0.10)	(0.11)	(0.11)	(0.43)
’23	(0.12)	(0.13)	(0.13)	(0.12)	(0.50)
’22	(0.11)	(0.11)	0.04	(0.18)	(0.36)
’21	(0.36)	(0.24)	(0.10)	(0.06)	(0.39)
’20	(1.70)	(0.45)	(0.21)	0.20	(2.17)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	41.04	21.60	15.24	15.36	2.07	4.20	0.82	0.75	1.00	0.91	Analyst estimates 2026–2028 Powerpack
	High	166.32	67.92	61.92	28.80	19.20	60.00	8.10	1.65	7.80	1.92
People
People	Employees	110	112	123	112	12	15	50	44	36	36
	Revenue/emp, $m	0.04	0.07	0.06	0.03	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	4	8	7	3	—	—	—	—	—	—
	Gross margin, %	(152.85)	35.75	29.12	36.31	0.00	0.00	—	—	—	—
	EBT	(33)	(29)	(35)	(34)	(15)	(13)	(14)	(26)	(23)	(27)
	EBT margin, %	(832.60)	(358.06)	(508.90)	(994.14)	0.00	0.00	0.00	0.00	0.00	0.00
	Net income	(33)	(29)	(35)	(34)	(15)	(13)	(14)	(26)	(23)	(27)
	Depreciation	0	0	0	0	0	0	0	0	0	0
Per share, $
Per share, $	Revenue	2.42	3.53	2.49	0.69	0.00	0.00	0.00	0.00	0.00	0.00
	Earnings	(20.16)	(12.72)	(12.72)	(6.84)	(2.10)	(0.39)	(0.36)	(0.50)	(0.43)	(0.43)
	Cash flow	(15.21)	(10.61)	(10.78)	(5.64)	(2.45)	(0.33)	(0.49)	(0.47)	(0.38)	(0.39)
	Capex	(0.30)	(0.12)	(0.06)	(0.10)	0.01	(0.02)	(0.01)	(0.02)	(0.01)	(0.02)
	Free cash flow	(15.51)	(10.73)	(10.84)	(5.74)	(2.44)	(0.35)	(0.50)	(0.48)	(0.39)	(0.41)
	Book value	6.77	3.49	1.12	1.48	(0.10)	0.07	1.16	0.41	0.32	0.25
	Shares, m	2	2	3	5	7	33	38	51	55	62
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	P/S	19.55	13.67	8.53	25.84	—	—	—	—	—	—
	P/B	6.99	13.81	19.06	12.00	—	—	—	—	—	—
	EV/Sales	16.82	12.68	7.88	22.56	—	—	—	—	—	—
	EV/FCF	(2.62)	(4.17)	(1.81)	(2.71)	—	—	—	—	—	—
Cash, $m
Cash, $m	Operating cash flow	(25)	(24)	(30)	(28)	(17)	(11)	(19)	(24)	(21)	(24)
	Capex	0	0	0	0	0	(1)	0	(1)	(1)	(1)
	Free cash flow	(26)	(24)	(30)	(28)	(17)	(12)	(19)	(25)	(21)	(25)
Balance, $m
Balance, $m	Working capital	10	7	2	6	(1)	0	41	17	14	11
	Total debt	—	—	—	0	2	0	1	—	—	—
	Net debt	(11)	(8)	(4)	(11)	(1)	(2)	(45)	(21)	(18)	(16)
	Shareholders’ equity	11	8	3	7	(1)	2	44	21	18	16
Returns, %
Returns, %	ROA	(147.28)	(182.17)	(278.76)	(246.27)	(141.32)	(257.70)	(49.09)	(52.93)	(53.77)	(65.74)
	ROIC	(7,603.02)	(41,582.85)	0.00	0.00	0.00	(2,901.35)	0.00	(15,750.58)	0.00	0.00
	ROE	(211.26)	(299.70)	(640.05)	(648.56)	(450.70)	(1,424.76)	(59.39)	(78.85)	(122.42)	(159.62)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2019 · latest quarter Dec 2019

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VTVT vTv Therapeutics Inc.	$109.1M	— (loss-making)	— (loss-making)	+409,222.22% (above 0%: growing)	n/m	−124.59% (below 0%: shrinking)	100.00%	0.00%	Compare
CYTT Cyteir Therapeutics, Inc.	$108.7M	— (loss-making)	—	—	n/m	+63.78% (above 0%: growing)	0.00%	0.00%	Compare
INO Inovio Pharmaceuticals, Inc.	$107.5M	— (loss-making)	— (loss-making)	−83.19% (below 0%: shrinking)	n/m	+13.41% (above 0%: growing)	100.00%	0.00%	Compare
VANI Vivani Medical, Inc.	$103.7M	— (loss-making)	— (loss-making)	−71.87% (below 0%: shrinking)	n/m	+0.39% (above 0%: growing)	0.00%	0.00%
COYA Coya Therapeutics, Inc.	$101.8M	— (loss-making)	— (loss-making)	+48.96% (above 0%: growing)	n/m	−27.79% (below 0%: shrinking)	100.00%	(2,891.67%)	Compare
UNCY Unicycive Therapeutics, Inc.	$100.0M	— (loss-making)	— (loss-making)	—	n/m	+9.77% (above 0%: growing)	0.00%	0.00%	Compare
BDTX Black Diamond Therapeutics, Inc.	$100.0M	— (loss-making)	— (loss-making)	—	n/m	+12.91% (above 0%: growing)	100.00%	0.00%	Compare
PYPD PolyPid Ltd.	$99.5M	— (loss-making)	—	—	n/m	−64.96% (below 0%: shrinking)	0.00%	0.00%	Compare
MIST Milestone Pharmaceuticals Inc.	$98.9M	— (loss-making)	— (loss-making)	−62.73% (below 0%: shrinking)	n/m	−80.81% (below 0%: shrinking)	94.28%	(4,584.97%)	Compare
Median of peers	$100.9M	—	—	−6.88%	—	−9.01%	97.14%	0.00%

All 614 Biotechnology stocks →

Vivani Medical, Inc. (VANI) key facts

Vivani Medical, Inc. (VANI) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
As of October 16, 2026, VANI traded at $1.12, a market capitalization of $103.7 million.
Return on equity was −159.6% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.