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Vanda Pharmaceuticals Inc. (VNDA)

Vanda Pharmaceuticals Inc. brought in $229.3M of revenue over the twelve months to September 30, 2026, up 8.1% from a year earlier. It posted a net loss of $274.8M. In fiscal 2025 capital spending exceeded operating cash flow by $110.4M. At September 30, 2026 it held $61.9M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.

Free, no password. An email when VNDA files with the SEC.

Price
$4.12
+0.61% on the day · November 10, 2026
52-week range $3.57 to $9.94
Market cap
$248.8M
Revenue (last 12 months)
$229.3M
+8.1% year on year
Net margin
-119.9%

Key facts about Vanda Pharmaceuticals Inc.

Net worth
Vanda Pharmaceuticals Inc. has a market value (market cap) of $248.8M at the latest share price, and shareholders' equity of $199.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $216.1M (+8.7% year on year), with a net loss of $220.5M. Over the 12 months to September 30, 2026: revenue $229.3M, net loss $274.8M.
Cash flow
In fiscal 2025 operations used $109.4M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Vanda Pharmaceuticals Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Vanda Pharmaceuticals Inc. does

Vanda Pharmaceuticals Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker VNDA.

Revenue and profit by year

Revenue
FY18: $193.1M $193.1M FY18FY19: $227.2M $227.2M FY19FY20: $248.2M $248.2M FY20FY21: $268.7M $268.7M FY21FY22: $254.4M $254.4M FY22FY23: $192.6M $192.6M FY23FY24: $198.8M $198.8M FY24FY25: $216.1M $216.1M FY25
Net income
FY18: $25.2M $25.2M FY18FY19: $115.6M $115.6M FY19FY20: $23.3M $23.3M FY20FY21: $33.2M $33.2M FY21FY22: $6.3M $6.3M FY22FY23: $2.5M $2.5M FY23FY24: -$18.9M -$18.9M FY24FY25: -$220.5M -$220.5M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$216.1M-$151.2M-$220.5M-$3.74-$110.4M
2024$198.8M-$40.7M-$18.9M-$0.33-$16.2M
2023$192.6M-$14M$2.5M$0.04$12.4M
2022$254.4M$6.3M$6.3M$0.11$31.3M
2021$268.7M$42.2M$33.2M$0.58$63.7M
2020$248.2M$27.2M$23.3M$0.42$50M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 10, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 11, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where VNDA ranks in Health care

Revenue$216.1M
#267 of 751 in Health care · Top 35%
Revenue growth+8.7%
#299 of 532 in Health care · Bottom 44%
Net margin-102.0%
#446 of 544 in Health care · Bottom 18%
Free cash flow margin-51.1%
#378 of 490 in Health care · Bottom 23%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Vanda Pharmaceuticals Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 29, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 24% to $69.8M versus the same quarter last year; diluted EPS -$0.37 versus -$0.38.
  2. October 28, 2026
  3. October 27, 2026
  4. October 9, 2026
  5. August 19, 2026
  6. August 13, 2026
  7. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 3.9% to $50.5M versus the same quarter last year; diluted EPS -$1.04 versus -$0.46.
  8. August 5, 2026
  9. June 5, 2026
  10. June 5, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 5, 2026. Insider transactions on SEC

Insider trades

What the people running Vanda Pharmaceuticals Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $38.1K worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$38.1K
last 90 days
Sold
$0
last 90 days
Net bought
10,000
$38.1K
DateInsiderWhatSharesPriceValueFiling
November 5, 2026 Duncan Charles CliffDirector Bought 5,803 $3.80 $22.1K Form 4
November 4, 2026 Duncan Charles CliffDirector Bought 3,447 $3.82 $13.2K Form 4
November 3, 2026 Duncan Charles CliffDirector Bought 750 $3.80 $2.8K Form 4
June 4, 2026 Mitchell Stephen RayDirector Received as pay 41,600 - - Form 4
June 4, 2026 Honore TageDirector Received as pay 41,600 - - Form 4
June 4, 2026 Ward Anne SempowskiDirector Received as pay 41,600 - - Form 4
June 4, 2026 Dugan Richard WDirector Received as pay 41,600 - - Form 4
June 4, 2026 Duncan Charles CliffDirector Received as pay 41,600 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns VNDA

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Millennium Management LLC13G, passive with 2 related filers 7% 4,260,038 October 9, 2026
AQR Capital Management, LLC13G, passive with 1 related filers 5.82% 3,497,695 August 13, 2026

Latest filings below 5%: BlackRock Portfolio Management LLC 4.2% (April 29, 2026); The Vanguard Group 0% (March 27, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 172 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.7,653,737$46.8M+377,749
State Street Corp3,516,405$21.5M+500,843
Aqr Capital Management LLC3,497,695$21.4M+1,894,119
Renaissance Technologies LLC3,441,361$21.1M-318,198
Vanguard Capital Management LLC2,524,040$15.4M+42,549
AIGH Capital Management LLC2,044,169$12.5M-705,831
Dimensional Fund Advisors LP1,727,349$10.6M-44,244
Millennium Management LLC1,602,813$9.8M-278,188
Geode Capital Management, LLC1,483,787$9.1M+40,822
Two Sigma Investments, LP1,349,072$8.3M-49,129
Marshall Wace, Llp1,225,996$7.5M+629,994
Jacobs Levy Equity Management, Inc1,213,326$7.4M+44,645
Vanguard Portfolio Management LLC1,131,034$6.9M+116,512
Goldman Sachs Group Inc1,036,260$6.3M+198,027
Citadel Advisors LLC758,302$4.6M+124,948
Qube Research & Technologies Ltd729,212$4.5Mnew
Federated Hermes, Inc.714,278$4.4M+138,889
Charles Schwab Investment Management Inc646,256$4M+94,486
Northern Trust Corp600,619$3.7M+149,638
Morgan Stanley477,974$2.9M+37,180

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

12 insiders reported holding 5,332,261 shares in total, about $21.9M at the last price.

HolderSharesAs of
Polymeropoulos Mihael HristosPresident and CEO, Director 2,704,496 March 2, 2026
Birznieks GuntherSVP, Business Development 494,197 March 2, 2026
Moran Kevin PatrickSVP, CFO & Treasurer 411,380 March 2, 2026
Williams TimothySVP & General Counsel 377,450 March 2, 2026
Wijkstrom JoakimSVP, Chief Marketing Officer 333,469 March 2, 2026
Dugan Richard WDirector 219,054 June 4, 2026
Chrousos PhaedraDirector 164,950 June 4, 2026
Ward Anne SempowskiDirector 160,667 June 4, 2026
Honore TageDirector 135,069 June 4, 2026
Mitchell Stephen RayDirector 112,846 June 4, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about VNDA

What does Vanda Pharmaceuticals Inc. do?

Vanda Pharmaceuticals Inc. is a company in the Health care sector, listed on NASDAQ as VNDA. Its shares trade on NASDAQ under the ticker VNDA.

What is Vanda Pharmaceuticals Inc.'s net worth?

Vanda Pharmaceuticals Inc. has a market value (market cap) of $248.8M at the latest share price, and shareholders' equity of $199.9M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Vanda Pharmaceuticals Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $274.8M on revenue of $229.3M.

How much revenue does Vanda Pharmaceuticals Inc. make?

Over the twelve months to September 30, 2026 Vanda Pharmaceuticals Inc. reported revenue of $229.3M. That is 8.1% more than a year earlier.

When did Vanda Pharmaceuticals Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 5, 2026.

When is Vanda Pharmaceuticals Inc.'s next earnings report?

Vanda Pharmaceuticals Inc.'s next report is expected around February 10, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Vanda Pharmaceuticals Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.