VT

VistaGen Therapeutics, Inc.

VTGNยทNASDAQ

$4.36

-0.91%
HealthcareBiotechnology

VistaGen Therapeutics, Inc., a clinical-stage biopharmaceutical company, engages in developing and commercializing various medicines with the potential to care for anxiety, depression, and other disorders of the central nervous system (CNS). The company's CNS pipeline includes PH94B, a rapid-onset neuroactive nasal spray, which is in Phase III development for the acute treatment of anxiety in adults with social anxiety disorder. Its PH94B product candidature also has potential to treat a range of anxiety disorders, including adjustment disorder with anxiety, postpartum anxiety, post-traumatic stress disorder, preprocedural anxiety, and panic disorders. The company's CNS pipeline also comprises PH10, a rapid-onset neuroactive nasal spray, which is in preparation for Phase 2B clinical development as a stand-alone treatment for major depressive disorder (MDD); and AV-101, an oral N-methyl-D-aspartate receptor antagonist, which is in development in combination with oral probenecid as a potential treatment of levodopa-induced dyskinesia, MDD, neuropathic pain, and suicidal ideation. It has contract research and development agreement with Cato Research Ltd.; license agreement with Pherin Pharmaceuticals, Inc.; and license and collaboration agreement with EverInsight Therapeutics Inc. VistaGen Therapeutics, Inc. was founded in 1998 and is headquartered in South San Francisco, California.

At a Glance

Live Snapshot
Market Cap$142.89M
EPS-1.6700
P/E Ratio-1.49
Earnings Date02/11/2026
3Y-7.0%
5Y+167.0%
10Y+775.0%
3Y+6461.0%
5Y-
10Y+49892.0%
3Y-69.0%
5Y-20.0%
10Y-38.0%
V

VistaGen Therapeutics, Inc. Cash Conversion Engine

VTGN ยท NASDAQ
Net Income-51.42M
Depreciation & Amortization635.00K
Stock-Based Compensation4.32M
Change in Working Capital4.76M
Others-389.00K
Capital Expenditures-191.00K
Free Cash Flow-42.29M

Cash Flow Quality Analysis

FCF Conversion Rate

82.2%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-0.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-63.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$4.76M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

VistaGen Therapeutics, Inc. Cash Flow Statement

VTGN โ€ข NASDAQ

VistaGen Therapeutics, Inc. Cash Flow StatementMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009Dec 2008
OPERATING ACTIVITIES
-51.4M
-29.4M
-59.2M
-47.8M
-17.9M
-20.8M
-24.6M
-14.3M
-10.3M
-47.2M
-13.9M
-3M
-12.9M
-12.2M
-9K
-22K
-16.4K
635K
568K
532K
711.1K
477.6K
103.1K
91.2K
80.7K
54.9K
53.5K
59.1K
54.6K
33.8K
45.6K
428.0
428.0
36.0
0.0
0.0
0.0
0.0
0.0
826.9K
145.5K
439K
751.5K
36.1M
2.5M
-3.4M
5.7M
2.6M
0.0
0.0
0.0
4.3M
2.2M
3.3M
3.5M
2.3M
3.8M
3.4M
2.3M
851.3K
4M
2.5M
1.1M
1.2M
1.6M
0.0
0.0
0.0
-389K
6K
3.6M
232K
0.0
105.9K
4.7M
1.8M
2M
2.8M
4M
699.5K
971.4K
1.7M
0.0
0.0
0.0
(0.0)
(0.0)
(0.0)
(3.4K)
(2.6K)
(2.6K)
(2.6K)
(2.4K)
(2.4K)
(2.4K)
(2.4K)
(2.7K)
(3.7K)
(1.6K)
(30.0)
(30.0)
(30.0)
4.8M
793K
2M
-1.9M
3.1M
160.3K
1.7M
672.9K
-679.4K
-521.5K
2.1M
2.3M
1.5M
2.7M
1.7K
-1.2K
1.9K
-42.1M
-25.8M
-49.7M
-45.3M
-12.1M
-15.8M
-14.5M
-9.1M
-7.3M
-4.8M
-2.8M
-2.1M
-3.5M
-3.6M
-6.9K
-22.8K
-14.4K
INVESTING ACTIVITIES
-191K
-61K
-212K
-200.4K
-275.4K
(0.0)
-174K
-1.6K
-239.1K
-26.3K
(0.0)
-9.6K
-135.4K
-32.4K
(0.0)
(0.0)
-1.3K
(0.0)
(0.0)
-528K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-25M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
12M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-174M
-1.6M
-239.1M
0.0
0.0
-9.6M
0.0
-32.4B
0.0
0.0
0.0
-13.1M
-61K
-740K
-200.4K
-275.4K
(0.0)
-174K
-1.6K
-239.1K
-26.3K
(0.0)
-9.6K
-135.4K
-32.4K
(0.0)
(0.0)
-1.3K
FINANCING ACTIVITIES
3M
129.4M
-70K
4.4M
109.5M
3.6M
17M
16.7M
9.9M
280K
3.1M
1.1M
1.2M
2.7M
0.0
0.0
36.9K
0.0
-985K
-1M
-3K
-382K
-3K
-2.7K
-2.4K
-1.3K
-112.5K
-307.7K
-156.2K
2.7M
-305.6K
30.0
0.0
500.0
(0.0)
(0.0)
(0.0)
-945.1M
(0.0)
-1.3B
-1.1B
-1B
-1.3B
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-174K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
201K
8K
63K
951.1M
5M
1.3B
1.2B
1B
1.3B
5.3M
0.0
1.7M
262.1K
1.2M
8.1K
1.5K
0.0
3.2M
128.4M
-1M
10.5M
114.1M
4M
17.4M
16.5M
10M
5.2M
2.8M
1.5M
4.2M
3.5M
8.1K
1.5K
37.4K
CASH FLOW SUMMARY
-52M
102.5M
-51.5M
-35M
101.8M
-11.7M
2.7M
7.5M
2.5M
358.5K
70K
-638.1K
557.1K
-58.3K
1.3K
-21.3K
21.7K
119.2M
16.6M
68.1M
103.1M
1.4M
13.1M
10.4M
2.9M
428.5K
70K
0.0
638.1K
81K
139.3K
556.0
21.8K
95.0
67.1M
119.2M
16.6M
68.1M
103.1M
1.4M
13.1M
10.4M
2.9M
428.5K
70K
0.0
638.1K
81K
1.8K
556.0
21.8K
-42.3M
-25.9M
-49.9M
-45.5M
-12.3M
-15.8M
-14.7M
-9.1M
-7.5M
-4.8M
-2.8M
-2.1M
-3.6M
-3.6M
-6.9K
-22.8K
-15.7K

SEC Filings

VTGN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2025

N/A

December 03, 2025
November 28, 2025
2025
8-K

8-K 2025

N/A

November 13, 2025
November 13, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 13, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 03, 2025
2025
8-K

8-K 2025

N/A

October 29, 2025
October 27, 2025
2025
8-K

8-K 2025

N/A

September 15, 2025
September 09, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 07, 2025
June 30, 2025
2025
8-K

8-K 2025

N/A

August 07, 2025
August 07, 2025
2025
DEF 14A

DEF 14A 2025

N/A

July 28, 2025
September 09, 2025
2025
8-K

8-K 2025

N/A

June 25, 2025
June 23, 2025
2025
Showing 1 to 10 of 363 filings