Vanda Pharmaceuticals Inc. logo

Vanda Pharmaceuticals Inc.

VNDA

NASDAQHealthcareBiotechnology

Regular session

$5.3027

+$0.0227 · +0.43%

Aug 24, 10:35 AM ET

VNDA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

47

Fair Value

Momentum

39

Weakening

Sentiment

70

Bullish

Risk resilience

51

Elevated Risk

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Company profile

Company website

Vanda Pharmaceuticals Inc. is a biopharmaceutical company dedicated to developing and commercializing therapeutic solutions that address critical unmet medical needs. The company currently offers two approved treatments: HETLIOZ, prescribed for non-24-hour sleep-wake disorders, and Fanapt oral tablets, used in the management of schizophrenia. Vanda maintains an active and diverse development pipeline, exploring new applications for its existing therapies and advancing a range of novel compounds. This includes expanding HETLIOZ (tasimelteon) to potentially treat conditions such as jet lag disorder, Smith-Magenis Syndrome, pediatric Non-24, autism spectrum disorder, and delayed sleep phase disorder. Fanapt (iloperidone) is being investigated for bipolar disorder, alongside the creation of a long-acting injectable formulation for schizophrenia. Other promising candidates in development include: Tradipitant (VLY-686): A small molecule neurokinin-1 receptor (NK-1R) antagonist for atopic dermatitis, gastroparesis, and motion sickness. VTR-297: A small molecule histone deacetylase inhibitor, primarily for hematologic malignancies but with broader oncology potential. VQW-765: A small molecule nicotinic acetylcholine receptor partial agonist targeting psychiatric disorders. A portfolio of cystic fibrosis transmembrane conductance regulator (CFTR) activators and inhibitors aimed at dry eye and ocular inflammation. BPO-27: For secretory diarrhea disorders, including cholera. VHX-896: The active metabolite of iloperidone. Vanda Pharmaceuticals Inc. markets its products in the United States, Europe, and Israel. The company was established in 2002 and is headquartered in Washington, D.C.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Mihael H. Polymeropoulos
Listed since
Apr 12, 2006
Employees
533

Market position

Day range

Current $5.3027

52-week range

Current $5.3027

Open
$5.335
Previous close
$5.28
Volume
176.5K
0.17× average
Average volume
1.01M
Average daily volume
Market cap
318.88M USD
Beta
0.64
Market reference 1
50-day average
$5.6094
-5.47% below average
200-day average
$6.5257
-18.74% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
447.53M USD
P/E (TTM)
-1.15×
P/B (TTM)
1.45×
P/S (TTM)
1.48×
EV / EBITDA
-3.53×
Earnings yield
-42.42%
Free cash flow yield
-21.25%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
92.82%
Operating margin
-86.07%
Net margin
-127.41%
Return on equity
-67.38%
Return on assets
-45.09%
Return on invested capital
-43.27%

Financial health

Debt / equity
0.1×
Current ratio
2.39×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends114%35%-43%-122%Gross margin, FY2021: 90.46%Gross margin, FY2022: 90.45%Gross margin, FY2023: 92.32%Gross margin, FY2024: 94.31%Gross margin, FY2025: 93.96%Operating margin, FY2021: 15.69%Operating margin, FY2022: 2.49%Operating margin, FY2023: -7.24%Operating margin, FY2024: -20.46%Operating margin, FY2025: -69.95%Net margin, FY2021: 12.34%Net margin, FY2022: 2.47%Net margin, FY2023: 1.30%Net margin, FY2024: -9.51%Net margin, FY2025: -102.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 90.46%. Gross margin FY2022 90.45%. Gross margin FY2023 92.32%. Gross margin FY2024 94.31%. Gross margin FY2025 93.96%. Operating margin FY2021 15.69%. Operating margin FY2022 2.49%. Operating margin FY2023 -7.24%. Operating margin FY2024 -20.46%. Operating margin FY2025 -69.95%. Net margin FY2021 12.34%. Net margin FY2022 2.47%. Net margin FY2023 1.30%. Net margin FY2024 -9.51%. Net margin FY2025 -102.02%.

Income trends

Revenue

216.11M USD+8.72%

Operating income

−151.17M USD-271.79%

Net income

−220.47M USD-1066.53%
Income trends across reported periods317.6M USD121.94M USD−73.73M USD−269.39M USDRevenue, FY2021: 268.68M USDRevenue, FY2022: 254.38M USDRevenue, FY2023: 192.64M USDRevenue, FY2024: 198.77M USDRevenue, FY2025: 216.11M USDOperating income, FY2021: 42.17M USDOperating income, FY2022: 6.33M USDOperating income, FY2023: −13.95M USDOperating income, FY2024: −40.66M USDOperating income, FY2025: −151.17M USDNet income, FY2021: 33.15M USDNet income, FY2022: 6.28M USDNet income, FY2023: 2.51M USDNet income, FY2024: −18.9M USDNet income, FY2025: −220.47M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 268.68M USD. Revenue FY2022 254.38M USD. Revenue FY2023 192.64M USD. Revenue FY2024 198.77M USD. Revenue FY2025 216.11M USD. Operating income FY2021 42.17M USD. Operating income FY2022 6.33M USD. Operating income FY2023 −13.95M USD. Operating income FY2024 −40.66M USD. Operating income FY2025 −151.17M USD. Net income FY2021 33.15M USD. Net income FY2022 6.28M USD. Net income FY2023 2.51M USD. Net income FY2024 −18.9M USD. Net income FY2025 −220.47M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue216.11M USD198.77M USD192.64M USD254.38M USD268.68M USD
Cost of goods sold13.04M USD11.31M USD14.8M USD24.28M USD25.63M USD
Gross profit203.06M USD187.46M USD177.84M USD230.1M USD243.05M USD
Research and development109.27M USD74.43M USD76.82M USD85.77M USD75.36M USD
Selling, general, and administrative237.95M USD146.41M USD112.88M USD136.49M USD124.05M USD
Operating expenses354.23M USD228.12M USD191.8M USD223.77M USD200.89M USD
Interest income199K USD
Depreciation and amortization11.92M USD8.13M USD3.01M USD2.73M USD2.84M USD
Operating income−151.17M USD−40.66M USD−13.95M USD6.33M USD42.17M USD
Net income−220.47M USD−18.9M USD2.51M USD6.28M USD33.15M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$21.00

296.02% upside
Past 12 months12-month forecastHigh $21.00Average $21.00Low $21.00

Rating distribution

19 ratings
Strong buy00%
Buy1368%
Hold526%
Sell15%
Strong sell00%

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