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-56.0%
5Y-
10Y-
3Y+8.0%
5Y+148.0%
10Y+9.0%
3Y-7.0%
5Y+167.0%
10Y+775.0%
VT

VistaGen Therapeutics, Inc. Profit Bridge

VTGN ยท NASDAQ
Revenue486.00K
Cost of Goods Sold (0.00)
Gross Profit486.00K
Operating Expenses (56.46M)
Operating Income-55.97M
Interest Expense (0.00)
Other Income/Expense4.56M
Pretax Income-51.41M
Income Tax (7.00K)
Net Income-51.42M
Net Income
-51.42M

Profitability Analysis

Gross Margin

100.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-11517.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-10579.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

VistaGen Therapeutics, Inc. Income Statement

VTGN โ€ข NASDAQ

VistaGen Therapeutics, Inc. Income StatementMar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009Dec 2008Dec 2007
REVENUE
486K
1.1M
-227K
1.1M
1.1M
0.0
0.0
0.0
1.3M
0.0
0.0
0.0
200.4K
1.3M
0.0
0.0
0.0
0.0
GROSS PROFIT
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(103.1K)
(91.2K)
(80.7K)
(0.0)
(53.5K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
486K
1.1M
-227K
1.1M
1.1M
0.0
0.0
0.0
1.3M
0.0
0.0
0.0
200.4K
1.3M
0.0
0.0
0.0
0.0
OPERATING INCOME
(56.5M)
(34.1M)
(59M)
(48.9M)
(19M)
(20M)
(24.5M)
(14.2M)
(11.5M)
(17.9M)
(6.7M)
(5M)
(7M)
(10.4M)
(8.9K)
(22K)
(16.4K)
(4.8K)
(17.1M)
(14.1M)
(14.7M)
(13.2M)
(7.1M)
(6.6M)
(7.4M)
(6.4M)
(5.9M)
(13.9M)
(4.2M)
(2.5M)
(3.6M)
(4.4M)
(8.5K)
(21.5K)
(16.4K)
(4.8K)
(39.4M)
(20M)
(44.4M)
(35.4M)
(11.9M)
(13.4M)
(17.1M)
(7.8M)
(5.2M)
(3.9M)
(2.4M)
(2.5M)
(3.4M)
(5.4M)
(0.0)
(0.0)
(0.0)
(0.0)
-56M
-33M
-59.3M
-47.8M
-17.9M
-20.8M
-24.6M
-14.2M
-10.2M
-17.9M
-6.8M
-5M
-6.8M
-9M
-8.9K
-22K
-16.4K
-4.8K
PRE-TAX INCOME
(0.0)
(0.0)
(23K)
(0.0)
(13K)
(15K)
(8K)
(8.9K)
(5K)
(777K)
(4.6M)
(1.6M)
(1M)
(1.9M)
(0.0)
(0.0)
(0.0)
(0.0)
4.6M
3.4M
26K
20K
2K
30K
-8K
0.0
-4.6K
0.0
-4.6M
-1.6M
-974K
-1.9M
0.0
0.0
0.0
0.0
(0.0)
(0.0)
(0.0)
(232K)
-400.0
(0.0)
-48.7K
(0.0)
(426.8K)
-2.3K
(0.0)
(0.0)
(0.0)
(641K)
(428.0)
(428.0)
(36.0)
(0.0)
4.6M
3.7M
26K
19.9K
2.2K
30.1K
-30.7K
-143.9K
-4.6K
-29.4M
-7.1M
2.1M
-6.1M
-3.2M
-9.5M
0.0
0.0
0.0
-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
-8.9K
-22K
-16.4K
-4.8K
NET INCOME
(7K)
(4K)
(6K)
(3.4K)
(2.6K)
(2.6K)
(2.6K)
(2.4K)
(2.4K)
(2.3K)
(2.4K)
(2.7K)
(3.7K)
(1.6K)
(30.0)
(30.0)
(30.0)
-30.0
-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
-4.8K

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