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Vanda Pharmaceuticals Inc. Common Stock · VNDA
VNDANASDAQCommon stockCurrentCIK 1347178Updated Oct 30, 2026
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Vanda Pharmaceuticals Reports Third Quarter 2025 Financial Results News provided by Vanda Pharmaceuticals Inc. Oct 29, 2025, 16:01 ET Share this article Share to X Share this article Share to X Fanapt ® Q3 2025 net product sales increased by 31% to $31.2 million compared to Q3 2024 Bysanti TM (milsa ↗
Vanda Pharmaceuticals to Announce Third Quarter 2025 Financial Results on October 29, 2025 News provided by Vanda Pharmaceuticals Inc. Oct 22, 2025, 16:30 ET Share this article Share to X Share this article Share to X Conference Call and Webcast to Follow WASHINGTON , Oct. 22, 2025 /PRNewswire/ -- V ↗
Seeking Alpha
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SEC disclosures
Vanda Pharmaceuticals Inc. files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
SCHEDULE 13G/A - filed by MILLENNIUM MANAGEMENT LLC regarding Vanda Pharmaceuticals Inc.
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 601,140,000Source | 645,115,000Source | 412,467,000Source | 624,746,000Source | 651,371,000Source | 433,525,000Source | 631,936,000Source | 652,682,000Source | 488,948,000Source | 656,204,000Source | 648,440,000Source | 634,247,000Source |
| Property, Plant and Equipment, NetUSD | 2,460,000Source | 2,178,000Source | 2,578,000Source | 2,420,000Source | 2,303,000Source | 2,245,000Source | 2,439,000Source | 2,306,000Source | 2,248,000Source | 2,132,000Source | 2,037,000Source | 2,573,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 70,022,000Source | 100,497,000Source | 55,882,000Source | 80,983,000Source | 102,953,000Source | 54,034,000Source | 111,796,000Source | 125,158,000Source | 84,851,000Source | 102,316,000Source | 135,821,000Source | 135,029,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 50,541,000Source | 42,753,000Source | 59,692,000Source | 44,993,000Source | 41,864,000Source | 56,879,000Source | 44,603,000Source | 36,713,000Source | 54,578,000Source | 47,101,000Source | 34,155,000Source | 33,512,000Source |
| Inventory, NetUSD | 2,042,000Source | 1,614,000Source | 1,678,000Source | 2,169,000Source | 1,469,000Source | 1,699,000Source | 1,923,000Source | 1,505,000Source | 1,852,000Source | 1,726,000Source | 1,357,000Source | 1,194,000Source |
| Assets, CurrentUSD | 367,496,000Source | 432,387,000Source | 264,484,000Source | 394,921,000Source | 439,180,000Source | 293,169,000Source | 407,910,000Source | 439,425,000Source | 347,262,000Source | 438,890,000Source | 432,946,000Source | 519,292,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 21,161,000Source | 11,759,000Source | 33,085,000Source | 22,209,000Source | 8,171,000Source | 32,281,000Source | 20,476,000Source | 7,065,000Source | 26,985,000Source | 15,420,000Source | 9,170,000Source | 17,727,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,368,000Source | 6,016,000Source | 14,598,000Source | 4,804,000Source | 6,375,000Source | 4,536,000Source | 5,208,000Source | 6,742,000Source | 3,923,000Source | 5,602,000Source | 7,103,000Source | 8,400,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 135,141,000Source | 103,892,000Source | 192,282,000Source | 138,417,000Source | 108,855,000Source | 152,760,000Source | 120,519,000Source | 108,687,000Source | 161,762,000Source | 117,658,000Source | 103,530,000Source | 107,049,000Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 59,000Source | 58,000Source | 60,000Source | 59,000Source | 58,000Source | 60,000Source | 59,000Source | 58,000Source | 59,000Source | 58,000Source | 58,000Source | 57,000Source |
| Retained Earnings (Accumulated Deficit)USD | -253,579,000Source | -169,380,000Source | -505,846,000Source | -230,993,000Source | -164,056,000Source | -443,333,000Source | -203,786,000Source | -159,538,000Source | -394,766,000Source | -174,292,000Source | -155,392,000Source | -157,901,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 540,000Source | 702,000Source | 38,000Source | 396,000Source | -330,000Source | 212,000Source | 383,000Source | -383,000Source | 629,000Source | 74,000Source | -30,000Source | -1,193,000Source |
| Stockholders' Equity Attributable to ParentUSD | 465,999,000Source | 541,223,000Source | 220,185,000Source | 486,329,000Source | 542,516,000Source | 280,765,000Source | 511,417,000Source | 543,995,000Source | 327,186,000Source | 538,546,000Source | 544,910,000Source | 527,198,000Source |
| Additional Paid in Capital, Common StockUSD | 718,979,000Source | 709,843,000Source | 725,933,000Source | 716,867,000Source | 706,844,000Source | 723,826,000Source | 714,761,000Source | 703,858,000Source | 721,264,000Source | 712,706,000Source | 700,274,000Source | 686,235,000Source |
| Liabilities and EquityUSD | 601,140,000Source | 645,115,000Source | 412,467,000Source | 624,746,000Source | 651,371,000Source | 433,525,000Source | 631,936,000Source | 652,682,000Source | 488,948,000Source | 656,204,000Source | 648,440,000Source | 634,247,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 117,870,000Source | 89,090,000Source | 164,026,000Source | 121,489,000Source | 93,791,000Source | 135,582,000Source | 103,923,000Source | 93,342,000Source | 145,162,000Source | 99,981,000Source | 87,697,000Source | 91,436,000Source |
| Operating Lease, Liability, CurrentUSD | 2,317,000Source | 2,454,000Source | 625,000Source | 2,439,000Source | 2,426,000Source | 2,355,000Source | 2,463,000Source | 2,410,000Source | 2,152,000Source | 2,456,000Source | 2,398,000Source | 2,328,000Source |
| Operating Lease, Liability, NoncurrentUSD | 3,419,000Source | 5,486,000Source | 15,027,000Source | 3,877,000Source | 6,005,000Source | 3,266,000Source | 4,404,000Source | 6,514,000Source | 2,991,000Source | 4,944,000Source | 7,006,000Source | 8,813,000Source |
| Other Liabilities, NoncurrentUSD | 11,044,000Source | 9,316,000Source | 10,054,000Source | 9,968,000Source | 9,059,000Source | 10,127,000Source | 9,245,000Source | 8,831,000Source | 9,533,000Source | 9,587,000Source | 8,827,000Source | 6,800,000Source |
| Additional Financial Items | ||||||||||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 471,000Source | 667,000Source | -9,000Source | 324,000Source | -329,000Source | 160,000Source | 371,000Source | -385,000Source | 561,000Source | 87,000Source | -51,000Source | -1,186,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,563,000Source | 2,971,000Source | 9,474,000Source | 12,432,000Source | 14,040,000Source | 16,279,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 2,333,000Source | -2,534,000Source | 7,463,000Source | 13,012,000Source | 707,000Source | 1,089,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | -294,000Source | 1,850,000Source | 3,466,000Source | 29,000Source | 771,000Source | 4,479,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 0Source | -7,797,000Source | 81,443,000Source | -6,482,000Source | -1,286,000Source | 1,130,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -50,218,000Source | -33,147,000Source | -109,442,000Source | -15,757,000Source | 12,801,000Source | 31,984,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 20,234,000Source | 43,902,000Source | 94,860,000Source | -17,430,000Source | -12,056,000Source | 49,925,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 221,000Source | 436,000Source | 998,000Source | 490,000Source | 383,000Source | 679,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 0Source | 915,000Source | 915,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -776,000Source | -1,324,000Source | -2,906,000Source | -155,000Source | 0Source | 734,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -30,817,000Source | 9,480,000Source | -17,465,000Source | -33,505,000Source | 792,000Source | 82,908,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 70,491,000Source | 100,966,000Source | 56,351,000Source | 81,452,000Source | 54,503,000Source | 112,265,000Source | 85,320,000Source | 102,785,000Source | 136,290,000Source | 135,498,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | -90,000Source | 2,400,000Source | 3,600,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -57,000Source | 49,000Source | 23,000Source | -163,000Source | 47,000Source | 265,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 2,112,000Source | 2,999,000Source | 2,107,000Source | 2,106,000Source | 2,563,000Source | 2,971,000Source | 9,474,000Source | 12,432,000Source | 14,040,000Source | 16,279,000Source |
| Amortization of Intangible AssetsUSD | — | — | 1,752,000Source | 1,751,000Source | 1,987,000Source | 1,751,000Source | 1,987,000Source | 1,752,000Source | 7,007,000Source | 7,273,000Source | 2,090,000Source | 1,516,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | -655,000Source | 0Source |
| DepreciationUSD | — | — | — | — | — | — | 273,000Source | 231,000Source | 1,103,000Source | 859,000Source | 920,000Source | 1,217,000Source |
| Income Tax Expense (Benefit)USD | — | — | -5,804,000Source | -920,000Source | 129,000Source | -7,680,000Source | 143,000Source | -7,874,000Source | 81,827,000Source | -4,021,000Source | 3,830,000Source | 5,025,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -22,586,000Source | -5,324,000Source | -62,513,000Source | -27,207,000Source | -48,567,000Source | -29,494,000Source | -220,474,000Source | -18,900,000Source | 2,509,000Source | 6,275,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | 734,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 56,258,000Source | 47,651,000Source | 50,529,000Source | 52,590,000Source | 51,718,000Source | 50,041,000Source | 216,105,000Source | 198,772,000Source | 192,640,000Source | 254,382,000Source |
| Selling, General and Administrative ExpenseUSD | — | — | 60,273,000Source | 37,573,000Source | 71,838,000Source | 64,616,000Source | 68,361,000Source | 50,084,000Source | 237,951,000Source | 146,414,000Source | 112,883,000Source | 136,485,000Source |
| Operating Income (Loss)USD | — | — | -31,284,000Source | -11,000,000Source | -63,809,000Source | -38,503,000Source | -50,224,000Source | -41,028,000Source | -151,168,000Source | -40,660,000Source | -13,952,000Source | 6,329,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -28,390,000Source | -6,244,000Source | -62,384,000Source | -34,887,000Source | -48,424,000Source | -37,368,000Source | -138,647,000Source | -22,921,000Source | 6,339,000Source | 11,300,000Source |
| Income Tax Expense (Benefit)USD | — | — | -5,804,000Source | -920,000Source | 129,000Source | -7,680,000Source | 143,000Source | -7,874,000Source | 81,827,000Source | -4,021,000Source | 3,830,000Source | 5,025,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -22,586,000Source | -5,324,000Source | -62,513,000Source | -27,207,000Source | -48,567,000Source | -29,494,000Source | -220,474,000Source | -18,900,000Source | 2,509,000Source | 6,275,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.38Source | -0.09Source | -1.04Source | -0.46Source | -0.82Source | -0.5Source | -3.74Source | -0.33Source | 0.04Source | 0.11Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.38Source | -0.09Source | -1.04Source | -0.46Source | -0.82Source | -0.5Source | -3.74Source | -0.33Source | 0.04Source | 0.11Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 59,091,478Source | 58,261,961Source | 60,226,570Source | 58,993,990Source | 59,459,982Source | 58,527,775Source | 58,930,157Source | 58,149,087Source | 57,380,975Source | 56,461,877Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 59,091,478Source | 58,261,961Source | 60,226,570Source | 58,993,990Source | 59,459,982Source | 58,527,775Source | 58,930,157Source | 58,149,087Source | 57,557,911Source | 56,983,171Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 1,752,000Source | 1,751,000Source | 1,987,000Source | 1,751,000Source | 1,987,000Source | 1,752,000Source | 7,007,000Source | 7,273,000Source | 2,090,000Source | 1,516,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | — | 2,954,000Source | 2,551,000Source | 3,560,000Source | 2,736,000Source | 3,159,000Source | 3,521,000Source | 13,044,000Source | 11,314,000Source | 14,796,000Source | 24,282,000Source |
| Costs and ExpensesUSD | — | — | 87,542,000Source | 58,651,000Source | 114,338,000Source | 91,093,000Source | 101,942,000Source | 91,069,000Source | 367,273,000Source | 239,432,000Source | 206,592,000Source | 248,053,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -138,908,000Source | -23,042,000Source | 6,184,000Source | 11,216,000Source |
| Other IncomeUSD | — | — | 2,894,000Source | 4,756,000Source | 1,425,000Source | 3,616,000Source | 1,800,000Source | 3,660,000Source | 12,521,000Source | 17,739,000Source | 20,291,000Source | 4,971,000Source |
| Research and Development ExpenseUSD | — | — | 22,563,000Source | 16,776,000Source | 36,953,000Source | 21,990,000Source | 28,435,000Source | 35,712,000Source | 109,271,000Source | 74,431,000Source | 76,823,000Source | 85,770,000Source |