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

Fold the line items

Columns are period end dates

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