Sunday 18 October 2026 Export VNDA’s income statement to Excel — free account

Vanda Pharmaceuticals Inc.

Vanda Pharmaceuticals Inc.’s revenue for fiscal 2025 (year ended December 2025) was $216.1 million, up 8.72% from fiscal 2024. In the quarter to June 2026, revenue fell 3.92%, EPS fell 126.1%, free cash flow fell 101.0% and total debt rose 2.98%, each against the same quarter a year earlier.

4.03 0.21 −4.95%

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Market cap: $256.4M
P/E: 0.0×
Fwd P/E: −2.6×
Dividend yield: —
F-score: 2/9
Altman Z: 0.72
Beneish M: −3.88
Dividend safety: n/a

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

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	0.00	0.00	52.26	7.56	30.56	26.15	61.83	86.26	0.00	0.00
Piotroski F-Score Full definition →	6	5	7	4	6	6	4	5	3	2
Altman Z-Score Full definition →	4.07	4.16	14.34	7.90	6.24	7.00	3.23	1.93	1.77	0.72
P/S ratio Full definition →	4.64	4.23	6.89	3.84	2.88	3.24	1.65	1.35	1.40	2.41
P/FCF ratio Full definition →	0.00	0.00	288.01	43.76	28.63	22.54	66.45	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	(0.35)	(1.25)	7.10	8.75	9.29	10.00	8.85	8.09	6.91	0.13
Beneish M-Score Full definition →	(2.57)	(2.95)	(1.83)	(1.02)	(2.79)	(2.71)	(2.72)	(2.09)	(2.27)	(3.88)
P/Operating CF Full definition →	(572.96)	201.35	87.14	89.06	37.05	32.76	44.49	(69.50)	(153.29)	(17.67)
P/B ratio Full definition →	5.16	5.31	4.83	2.12	1.58	1.73	0.79	0.48	0.52	1.59
Price to Tangible BV Full definition →	6.55	6.63	5.30	2.25	1.66	1.80	0.82	0.61	0.66	2.47
EV/Sales Full definition →	3.67	3.36	5.55	2.52	1.45	1.67	(0.15)	(0.63)	(0.47)	1.20
EV/EBITDA Full definition →	0.00	0.00	47.73	25.32	11.85	9.62	0.00	6.59	2.46	0.00
EV/Operating CF Full definition →	(66.21)	(279.60)	35.77	12.46	6.93	6.99	(1.22)	(9.49)	5.90	(2.38)
EV/FCF Full definition →	(29.44)	(152.03)	232.28	28.72	14.37	11.61	(6.20)	1.07	2.04	(2.35)
Quick Ratio Full definition →	3.21	2.29	5.40	5.69	6.03	6.25	5.47	4.82	4.22	2.19
Current Ratio Full definition →	3.46	2.41	5.64	5.95	6.21	6.43	5.68	4.94	4.39	2.39
Net Debt/EBITDA Full definition →	21.09	10.00	(11.45)	(13.26)	(11.76)	(9.06)	(75.10)	21.08	9.81	1.84
Debt/Assets Full definition →	0.00%	0.00%	0.00%	2.57%	2.16%	1.69%	1.39%	0.00%	0.48%	0.83%
Debt/Equity Full definition →	0.00	0.00	0.00	0.03	0.03	0.02	0.02	0.00	0.01	0.01
Asset Turnover Full definition →	0.69	0.79	0.72	0.56	0.49	0.48	0.41	0.30	0.30	0.38
Operating CF/Net income Full definition →	0.45	0.13	1.19	0.40	2.22	1.94	5.10	5.10	0.83	0.50
Capex/Depreciation Full definition →	(0.12)	(0.65)	(34.51)	4.92	(0.59)	(0.12)	2.95	22.63	(1.68)	(0.10)
ROE Full definition →	(13.63%)	(11.85%)	12.39%	33.67%	5.40%	6.92%	1.22%	0.47%	(3.49%)	(50.93%)
ROA Full definition →	(8.51%)	(7.49%)	9.38%	28.33%	4.59%	5.88%	1.02%	0.39%	(2.90%)	(38.51%)
ROIC Full definition →	0.00%	0.00%	75.22%	12.81%	17.55%	32.07%	5.72%	(5.57%)	(15.21%)	(140.15%)
Return on Tangible Assets Full definition →	(13.98%)	(14.85%)	10.06%	38.71%	6.72%	8.15%	1.46%	0.72%	(5.54%)	(107.89%)
Average Days of Receivables Full definition →	50.66	38.92	54.40	42.36	44.18	44.11	48.08	64.71	86.49	92.18
Research and Development Expense of Revenue Full definition →	19.97%	23.35%	22.57%	21.41%	22.39%	28.05%	33.72%	39.88%	37.45%	50.56%
Selling, General and Administrative Expense of Revenue Full definition →	68.34%	75.02%	54.76%	57.11%	56.62%	46.17%	53.65%	58.60%	73.66%	110.11%
Intangible Assets out of Total Assets Full definition →	0.13	0.13	0.07	0.05	0.04	0.03	0.03	0.19	0.17	0.24
Share Based Compensation of Revenue Full definition →	5.85%	6.34%	6.04%	5.92%	5.38%	5.72%	6.40%	7.29%	6.25%	4.38%
Graham Net Nets Full definition →	0.14	0.14	0.18	0.32	0.46	0.45	0.98	1.27	1.15	0.36
Graham Number Full definition →	0.00	0.00	7.80	19.43	8.98	11.08	5.02	3.35	0.00	0.00
Earnings Yield Full definition →	(2.70%)	(2.18%)	1.91%	13.22%	3.27%	3.82%	1.62%	1.16%	(6.68%)	(42.29%)
Free Cash Flow Yield Full definition →	(2.69%)	(0.52%)	0.35%	2.29%	3.49%	4.44%	1.50%	(43.66%)	(16.33%)	(21.25%)
Revenue per Share Full definition →	3.36	3.69	3.79	4.28	4.56	4.84	4.51	3.36	3.42	3.67
Operating CF per Share Full definition →	(0.19)	(0.04)	0.59	0.86	0.95	1.16	0.57	0.22	(0.27)	(1.86)
Capex per Share Full definition →	(0.03)	(0.04)	(0.50)	(0.02)	(0.03)	(0.01)	(0.01)	(1.76)	(0.08)	(0.02)
Free Cash Flow per Share Full definition →	(0.22)	(0.08)	0.09	0.85	0.92	1.15	0.55	(1.54)	(0.35)	(1.87)
Cash per Share Full definition →	3.25	3.21	5.06	5.87	6.76	7.79	8.27	6.77	6.44	4.48
Shareholders Equity per Share Full definition →	3.02	2.94	5.41	7.73	8.33	9.09	9.34	9.50	9.26	5.55
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	3.02	2.94	5.41	7.73	8.33	9.09	9.34	9.50	9.26	5.55
Free Cash Flow Full definition →	(9.51)	(3.65)	4.62	44.93	49.98	63.66	31.31	(88.25)	(20.48)	(110.44)
Working Capital Full definition →	123.86	99.49	246.12	294.63	343.21	403.88	427.86	345.25	338.91	202.10
Capital Expenditures Full definition →	(1.41)	(1.66)	(25.37)	(1.02)	(1.79)	(0.55)	(0.68)	(101.05)	(4.72)	(1.00)
Net Current Asset Value Full definition →	95.13	95.82	242.42	281.33	328.96	389.44	412.24	329.42	321.23	185.50
EV/EBIT Full definition →	0.00	0.00	49.34	25.09	13.18	10.64	0.00	8.70	2.29	0.00
Capex to Sales Full definition →	0.01	0.01	0.13	0.00	0.01	0.00	0.00	0.52	0.02	0.00
Price to Operating Income Full definition →	0.00	0.00	61.18	38.23	26.26	20.67	66.20	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	2.37	0.48	0.17	(0.05)	0.74	1.44	(0.09)	(2.19)	1.32	4.39
Cash ROIC Full definition →	(3.49%)	(1.33%)	0.87%	6.11%	6.00%	6.72%	3.12%	(9.46%)	(2.23%)	(18.56%)
Accounts Receivable Turnover Full definition →	7.98	8.72	8.33	8.24	8.80	8.60	7.71	5.69	4.89	4.25
Accounts Payable Turnover Full definition →	1.55	0.98	0.98	1.00	0.79	0.78	0.61	0.35	0.29	0.24
Inventory Turnover Full definition →	23.84	22.05	22.36	22.95	19.31	22.24	21.89	11.60	7.34	7.29
Average Days of Payables Full definition →	239.22	415.86	384.15	411.24	492.24	490.46	684.71	948.76	1,260.95	1,911.10
Days of Inventory on Hand Full definition →	11.51	17.18	17.69	16.99	20.00	14.60	17.95	33.48	55.68	51.82
Average Receivables Full definition →	18.30	18.93	23.19	27.57	28.20	31.25	32.99	33.83	40.63	50.84
Average Payables Full definition →	15.98	18.27	20.96	24.59	29.55	32.97	39.99	42.01	38.77	53.69
Average Inventory Full definition →	1.04	0.81	0.92	1.07	1.21	1.15	1.11	1.28	1.54	1.79
Average Assets Full definition →	211.71	207.90	268.78	407.94	508.60	563.62	614.02	641.34	652.32	572.58
Average Common Equity Full definition →	132.18	131.36	203.40	343.18	432.11	479.10	516.06	536.05	541.73	432.87

Fold the line items

Columns are period end dates

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