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Vanda Pharmaceuticals Inc. VNDA R2K

Healthcare · Biotechnology · United States
https://www.vandapharma.com

Vanda Pharmaceuticals Inc., a biopharmaceutical company, focuses on the development and commercialization of therapies to address high unmet medical needs worldwide. The company's commercial portfolio includes Fanapt for the acute treatment of manic or mixed episodes associated with bipolar I disorder and the treatment of schizophrenia; HETLIOZ to treat non-24-hour sleep-wake disorders and nighttime sleep disturbances; PONVORY to treat relapsing forms of multiple sclerosis; and NEREUSTM for preventing vomiting induced by motion. It also develops Fanapt (iloperidone), a long acting injectable (LAI) formulation for the treatment of schizophrenia and hypertension; BysantiTM (milsaperidone), for the acute treatment of manic or mixed episodes associated with bipolar I disorder, and for the treatment of schizophrenia and major depressive disorder; HETLIOZ (tasimelteon) to treat jet lag disorder, insomnia, pediatric insomnia, delayed sleep phase disorder, and pediatric Non-24; PONVORY (ponesimod) to treat psoriasis and ulcerative colitis; and NEREUSTM (tradipitant) for prevention of vomiting induced by GLP-1 receptor agonists, as well as treatment of gastroparesis and atopic dermatitis. In addition, the company's products include Imsidolimab, an IL-36R antagonist to treat generalized pustular psoriasis; VTR-297, for the treatment of hematologic malignancies and onychomycosis, and several oncology indications; and VQW-765, small molecule alpha-7 nicotinic acetylcholine receptor partial agonist for the treatment of social/performance anxiety and psychiatric disorders. Further, it develops cystic fibrosis transmembrane conductance regulator activators and inhibitors; and antisense oligonucleotide molecules. The company was incorporated in 2002 and is headquartered in Washington, the District of Columbia.

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$6.45
+48.62% 1Y

Market & Price

Market Cap
$387.87M
Current Price
$6.45
High / Low (52W)
$9.56 / $4.19
Beta
0.65

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
32.25
PEG Ratio
2.23
Book Value
$5.54
Price to Book
1.17
P/S
1.78
EV/EBITDA
-1.31
Dividend Yield
-

Profitability & Returns

ROCE
-43.97%
ROE
-60.48%
ROA
-18.81%
Profit Margin
-
Op Margin
-97.11%
EPS (Latest Qtr)
$-0.82
EPS (TTM)
$-4.06

Balance Sheet & Liquidity

Debt/Equity
4.66
Quick Ratio
1.91
Current Ratio
2.16
Debt
$13.07M
Total Assets
$488.95M
Current Assets
$347.26M
Working Capital
$202.10M

Ownership

Promoter Holding
6.12%
Chg in Prom Hold
-
FII / Inst Holding
78.73%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$198.64M
Total Revenue (TTM)
$217.78M
EBITDA
$-151.98M
Free Cash Flow
$-83.15M
Operating Cash Flow
$-126.51M
Shares Outstanding
60.14M
Gross Margin
94.18%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-5.29%
Profit 5Y
-1,204.51%
Revenue (YoY)
3.40%
Earnings (YoY)
-

PROS

  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -5.3% CAGR over 5 years.
  • Earnings shrank at -1204.5% CAGR over 5 years.
  • Trading 32.5% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VNDA Vanda Pharmaceuticals Inc. R2K 6.45 - $387.87M - -43.97% -60.48% -5.29% -1,204.51%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -----------43.59M47.35M49.13M-47.71M59.06M59.48M-58.00M62.21M60.31M-62.67M67.90M70.09M60.19M64.39M65.32M62.50M46.06M38.81M47.46M50.47M47.65M50.04M52.59M56.26M57.22M51.72M
Cost of Revenue -----------------------------------3.52M2.74M2.95M3.83M3.16M
Gross Profit 18.87M18.89M22.73M24.36M26.59M28.55M30.87M32.96M37.09M36.38M39.05M38.68M41.74M43.67M46.99M42.22M52.31M52.33M54.34M52.42M55.99M54.04M60.87M------------46.52M49.85M53.30M53.38M48.56M
Operating Expenses -----------------------------------87.55M88.36M84.59M93.74M98.78M
Operating Income -5.46M-9.54M-14.89M-12.47M-4.79M-653.00K-654.00K-7.91M-1.92M-4.92M-2.15M2.44M3.91M6.23M9.15M-2.09M9.89M10.76M4.24M-125.00K9.17M7.74M10.45M10.34M12.37M10.82M-7.67M3.46M3.91M2.00M-2.87M-6.00M-9.23M-10.15M-11.00M-41.03M-38.50M-31.28M-40.35M-50.22M
EBITDA ------------------------------------38.20M-36.75M-29.23M-34.49M-46.70M
Interest Expense ----------------------------------------
Pretax Income ------------------------------------37.37M-34.89M-28.39M-38.00M-48.42M
Tax Provision ------------------------------------7.87M-7.68M-5.80M103.19M143.00K
Net Income -5.39M-9.46M-14.80M-12.36M-4.62M-430.00K-604.00K-7.64M-1.53M-4.55M-1.84M3.07M4.61M7.17M10.36M-612.00K11.53M100.42M4.22M486.00K8.71M5.95M8.19M8.65M9.65M7.77M-6.43M2.57M3.27M3.25M1.52M137.00K-4.15M-4.52M-5.32M-29.49M-27.21M-22.59M-141.19M-48.57M
Diluted EPS --------0.17-0.03-0.10-0.060.090.130.19-0.010.211.840.080.010.160.110.150.150.170.14-0.110.050.060.060.030.00-0.07-0.08-0.09-0.50-0.46-0.38-2.39-0.82
R&D Expense 5.95M9.97M-7.55M6.70M7.29M-10.57M7.65M10.18M-9.42M9.87M11.39M-13.28M10.95M11.35M-15.53M12.90M12.30M-16.13M20.25M19.65M20.97M21.49M24.86M19.24M16.65M16.60M21.15M16.66M16.78M35.71M21.99M22.56M-28.43M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------146.02M165.08M193.12M227.19M248.17M268.68M254.38M192.64M198.77M216.10M
Cost of Revenue -------------24.28M14.80M11.31M13.04M
Gross Profit -------------230.10M177.84M187.46M203.06M
Operating Expenses -------------223.77M191.80M228.12M354.23M
Operating Income -35.95M8.84M-10.71M-29.18M-21.20M20.06M-40.19M-18.57M-16.90M21.74M22.81M27.24M42.16M6.33M-13.95M-40.66M-151.17M
EBITDA -------------9.06M-9.62M-30.86M-139.25M
Interest Expense -----------------
Pretax Income -------------11.30M6.34M-22.92M-138.65M
Tax Provision -------------5.03M3.83M-4.02M81.83M
Net Income -35.86M7.19M-9.80M-28.62M-21.05M20.19M-39.87M-18.01M-15.57M25.21M115.55M23.34M33.15M6.28M2.51M-18.90M-220.47M
Diluted EPS -1.330.25-0.35-1.01-0.690.55-0.94-0.41-0.350.482.110.420.580.110.04-0.33-3.74
R&D Expense 13.87M12.34M29.00M45.76M28.50M19.23M29.14M29.16M38.55M43.59M48.65M55.58M75.36M85.77M76.82M74.43M109.27M

Compounded Sales Growth

5 Years:-5.29%
1 Year:3.40%

Compounded Profit Growth

5 Years:-1,204.51%
1 Year:-

Stock Price Performance

1 Year:+48.62%
6 Months:+29.00%
3 Months:-27.61%
1 Month:-8.51%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --213.10M182.62M135.45M143.35M171.70M213.05M210.37M205.43M332.13M483.75M533.46M-634.25M648.44M656.20M488.95M
Current Assets --------------519.29M432.95M438.89M347.26M
Cash & Equivalents 39.08M205.29M42.56M87.92M88.77M64.76M60.90M50.84M40.43M33.63M61.01M45.07M61.03M-135.03M135.82M102.32M84.85M
Inventory --------------1.19M1.36M1.73M1.85M
Receivables --------------33.51M34.16M47.10M54.58M
Total Liabilities --175.37M149.14M125.54M99.22M10.89M80.02M79.04M74.04M56.71M72.80M80.19M-107.05M103.53M117.66M161.76M
Current Liabilities --31.03M31.62M32.26M32.85M7.79M51.32M50.32M70.36M53.02M59.51M65.94M-91.44M87.70M99.98M145.16M
Long Term Debt ------------------
Total Debt --------------11.14M9.40M12.36M12.62M
Total Equity 46.02M23.03M37.73M33.47M9.90M44.12M160.82M133.03M131.33M131.39M275.42M410.94M453.27M-527.20M544.91M538.55M327.19M
Shares Outstanding --------------56.78M57.53M58.31M59.10M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 169.34M-10.90M-28.41M-44.92M-39.59M----1.98M29.99M45.95M51.77M-31.98M12.80M-15.76M-109.44M
Investing Cash Flow -4.74M-155.62M73.75M45.75M-34.27M----10.23M-109.66M-68.31M-41.50M-49.92M-12.06M-17.43M94.86M
Financing Cash Flow 1.62M3.78M25.00K12.00K49.86M---5.25M107.13M6.26M5.63M-734.00K0-155.00K-2.91M
Capital Expenditure ---275.00K-2.02M-176.00K-769.00K-2.53M-1.41M-1.66M-368.00K-1.02M-1.79M--679.00K-383.00K-490.00K-998.00K
Free Cash Flow ---28.68M-46.93M-39.77M----3.65M29.62M44.93M49.98M-31.30M12.42M-16.25M-110.44M
Net Change in Cash -------------82.64M745.00K-33.34M-17.49M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -------------90.5%92.3%94.3%94.0%
Operating Margin % --------12.7%-10.2%11.3%10.0%11.0%15.7%2.5%-7.2%-20.5%-70.0%
Net Margin % --------12.3%-9.4%13.1%50.9%9.4%12.3%2.5%1.3%-9.5%-102.0%
ROE % -155.7%19.1%-29.3%-288.9%-47.7%12.6%-30.0%-13.7%-11.8%9.2%28.1%5.1%-1.2%0.5%-3.5%-67.4%
ROCE % -4.9%-7.1%-28.3%-19.2%12.2%-24.8%-11.6%-12.5%7.8%5.4%5.8%-1.2%-2.5%-7.3%-44.0%

Shareholding Pattern

Insiders
6.12%
Institutions
78.73%
Public Float
83.86%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 12.10% 7.28M $46.93M
2 Renaissance Technologies, LLC 6.25% 3.76M $24.25M
3 State Street Corporation 5.01% 3.02M $19.45M
4 AIGH Capital Management LLC 4.57% 2.75M $17.74M
5 Vanguard Capital Management LLC 4.13% 2.48M $16.01M
6 Millennium Management Llc 3.13% 1.88M $12.13M
7 Acadian Asset Management. LLC 2.99% 1.80M $11.58M
8 Dimensional Fund Advisors LP 2.95% 1.77M $11.43M
9 AQR Capital Management, LLC 2.67% 1.60M $10.34M
10 Geode Capital Management, LLC 2.40% 1.44M $9.31M

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