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Vanda Pharmaceuticals Inc. (VNDA) Fundamental Analysis & AI Grade 2026

VNDA Nasdaq Pharmaceutical Preparations DE CIK: 0001347178
Updated This Month • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
82% Confidence
N/A
D
82% Conf
Pending
Analysis scheduled

📊 VNDA Key Takeaways

Revenue: $51.7M
Net Margin: -93.9%
Free Cash Flow: $-50.4M
Current Ratio: 2.16x
Debt/Equity: 0.00x
EPS: $-0.82
AI Grade: D with 82% confidence
Vanda Pharmaceuticals Inc. (VNDA) receives a D fundamental grade with 82% confidence from our AI analysis based on SEC 10-K filings. With revenue of $51.7M, net profit margin of -93.9%, and return on equity (ROE) of -17.3%, Vanda Pharmaceuticals Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete VNDA stock analysis for 2026.

Is Vanda Pharmaceuticals Inc. (VNDA) a Good Investment?

Claude

Vanda Pharmaceuticals is a cash-burning pharmaceutical company with zero revenue growth, severe operating losses (-$97.1% margin), and unsustainable negative free cash flow (-$50.4M). Despite maintaining $54M in liquidity and no debt, the company's burn rate will deplete cash within 12 months at current trends. Without demonstrated revenue growth or a clear path to profitability, fundamental operations are critically impaired.

Vanda Pharmaceuticals Inc. Key Strengths (VNDA)

Claude
  • + Maintains adequate short-term liquidity with $54M cash and 2.16x current ratio
  • + Zero long-term debt (0.00x debt-to-equity) reduces near-term refinancing pressure
  • + Operates in pharmaceutical sector with potential upside if pipeline products achieve regulatory approval

VNDA Stock Risks: Vanda Pharmaceuticals Inc. Investment Risks

Claude
  • ! Unsustainable cash burn: -$50.4M free cash flow against only $54M cash implies <12 month runway at current burn rate
  • ! Complete operational failure: -$50.2M operating loss on $51.7M revenue with -97.1% operating margin
  • ! Zero revenue growth (0.0% YoY) indicates stagnant demand, competitive displacement, or market rejection

Key Metrics to Watch

Claude
  • * Quarterly revenue trends and new product commercialization timelines
  • * Operating cash flow trajectory and actual cash burn rate vs. projections
  • * Debt issuance or equity financing announcements indicating liquidity needs

Vanda Pharmaceuticals Inc. (VNDA) Financial Metrics & Key Ratios

Revenue
$51.7M
Net Income
$-48.6M
EPS (Diluted)
$-0.82
Free Cash Flow
$-50.4M
Total Assets
$433.5M
Cash Position
$54.0M

💡 AI Analyst Insight

Strong liquidity with a 2.16x current ratio provides a solid financial cushion.

VNDA Profit Margin, ROE & Profitability Analysis

Gross Margin 117.7%
Operating Margin -97.1%
Net Margin -93.9%
ROE -17.3%
ROA -11.2%
FCF Margin -97.5%

VNDA vs Healthcare Sector: How Vanda Pharmaceuticals Inc. Compares

How Vanda Pharmaceuticals Inc. compares to Healthcare sector averages

Net Margin
VNDA -93.9%
vs
Sector Avg 12.0%
VNDA Sector
ROE
VNDA -17.3%
vs
Sector Avg 15.0%
VNDA Sector
Current Ratio
VNDA 2.2x
vs
Sector Avg 2.0x
VNDA Sector
Debt/Equity
VNDA 0.0x
vs
Sector Avg 0.6x
VNDA Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Vanda Pharmaceuticals Inc. Stock Overvalued? VNDA Valuation Analysis 2026

Based on fundamental analysis, Vanda Pharmaceuticals Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-17.3%
Sector avg: 15%
Net Profit Margin
-93.9%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Vanda Pharmaceuticals Inc. Balance Sheet: VNDA Debt, Cash & Liquidity

Current Ratio
2.16x
Quick Ratio
2.15x
Debt/Equity
0.00x
Debt/Assets
35.2%
Interest Coverage
N/A
Long-term Debt
N/A

VNDA Revenue & Earnings Growth: 5-Year Financial Trend

VNDA 5-year financial data: Year 2021: Revenue $268.7M, Net Income $115.6M, EPS $2.11. Year 2022: Revenue $268.7M, Net Income $23.3M, EPS $0.42. Year 2023: Revenue $268.7M, Net Income $33.2M, EPS $0.58. Year 2024: Revenue $254.4M, Net Income $6.3M, EPS $0.11. Year 2025: Revenue $216.1M, Net Income $2.5M, EPS $0.04.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Vanda Pharmaceuticals Inc.'s revenue has declined by 20% over the 5-year period, indicating business contraction. The most recent EPS of $0.04 reflects profitable operations.

VNDA Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-97.5%
Free cash flow / Revenue

VNDA Quarterly Earnings & Performance

Quarterly financial performance data for Vanda Pharmaceuticals Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $50.0M -$29.5M $-0.50
Q3 2025 $47.7M -$4.1M $-0.09
Q2 2025 $50.5M -$4.1M $-0.08
Q1 2025 $47.5M -$4.1M $-0.07
Q3 2024 $38.8M $137.0K $0.00
Q2 2024 $46.1M $1.5M $0.03
Q1 2024 $47.5M $3.3M $0.06
Q3 2023 $38.8M $137.0K $0.00

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Vanda Pharmaceuticals Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$50.2M
Cash generated from operations
Capital Expenditures
$221.0K
Investment in assets
Dividends
None
No dividend program

VNDA SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Vanda Pharmaceuticals Inc. (CIK: 0001347178)

📋 Recent SEC Filings

Date Form Document Action
May 20, 2026 4 xslF345X06/ownership.xml View →
May 7, 2026 10-Q vnda-20260331.htm View →
May 6, 2026 8-K vnda-20260506.htm View →
Apr 24, 2026 4 xslF345X06/ownership.xml View →
Apr 23, 2026 DEF 14A vnda-20260423.htm View →

Frequently Asked Questions about VNDA

What is the AI rating for VNDA?

Vanda Pharmaceuticals Inc. (VNDA) has an AI grade of D with 82% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VNDA's key strengths?

Claude: Maintains adequate short-term liquidity with $54M cash and 2.16x current ratio. Zero long-term debt (0.00x debt-to-equity) reduces near-term refinancing pressure.

What are the risks of investing in VNDA?

Claude: Unsustainable cash burn: -$50.4M free cash flow against only $54M cash implies <12 month runway at current burn rate. Complete operational failure: -$50.2M operating loss on $51.7M revenue with -97.1% operating margin.

What is VNDA's revenue and growth?

Vanda Pharmaceuticals Inc. reported revenue of $51.7M.

Does VNDA pay dividends?

Vanda Pharmaceuticals Inc. does not currently pay dividends.

Where can I find VNDA SEC filings?

Official SEC filings for Vanda Pharmaceuticals Inc. (CIK: 0001347178) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VNDA's EPS?

Vanda Pharmaceuticals Inc. has a diluted EPS of $-0.82.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is VNDA's fundamental grade?

Based on our AI fundamental analysis in June 2026, Vanda Pharmaceuticals Inc. has a D grade with 82% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is VNDA stock overvalued or undervalued?

Valuation metrics for VNDA: ROE of -17.3% (sector avg: 15%), net margin of -93.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is VNDA's AI grade for 2026?

Our dual AI analysis gives Vanda Pharmaceuticals Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VNDA's free cash flow?

Vanda Pharmaceuticals Inc.'s operating cash flow is $-50.2M, with capital expenditures of $221.0K. FCF margin is -97.5%.

How does VNDA compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -93.9% (avg: 12%), ROE -17.3% (avg: 15%), current ratio 2.16 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI