Vanda Pharmaceuticals Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	212.07	198.77	192.64	254.38	268.68	248.17
Revenue Growth (YoY)	11.12%	3.18%	-24.27%	-5.32%	8.27%	9.23%
Cost of Revenue	11.8	11.31	14.8	24.28	25.63	23.36
Gross Profit	200.27	187.46	177.84	230.1	243.05	224.8
Selling, General & Admin	214.26	146.41	112.88	136.49	124.05	140.51
Research & Development	100.11	74.43	76.82	85.77	75.36	55.58
Amortization of Goodwill & Intangibles	7.01	7.27	2.09	1.52	1.48	1.48
Operating Expenses	321.37	228.12	191.8	223.77	200.89	197.57
Operating Income	-121.09	-40.66	-13.95	6.33	42.17	27.24
Interest & Investment Income	-	-	-	-	-	4.42
Other Non Operating Income (Expenses)	10.75	10.75	11.49	2.01	1.85	-
EBT Excluding Unusual Items	-114.14	-29.92	-2.46	8.34	44.01	31.66
Gain (Loss) on Sale of Investments	6.99	6.99	8.8	2.96	-1.65	-
Pretax Income	-107.14	-22.92	6.34	11.3	42.36	31.66
Income Tax Expense	-22.94	-4.02	3.83	5.03	9.21	8.32
Net Income	-84.2	-18.9	2.51	6.28	33.15	23.34
Net Income to Common	-84.2	-18.9	2.51	6.28	33.15	23.34
Net Income Growth	-	-	-60.02%	-81.07%	42.06%	-79.80%
Shares Outstanding (Basic)	59	58	57	56	56	54
Shares Outstanding (Diluted)	59	58	58	57	57	55
Shares Change (YoY)	1.34%	1.03%	1.01%	0.11%	3.14%	0.63%
EPS (Basic)	-1.43	-0.33	0.04	0.11	0.60	0.43
EPS (Diluted)	-1.44	-0.33	0.04	0.11	0.58	0.42
EPS Growth	-	-	-63.64%	-81.03%	38.09%	-80.09%
Free Cash Flow	-82.95	-20.48	-88.25	31.31	63.66	49.98
Free Cash Flow Per Share	-1.41	-0.35	-1.53	0.55	1.12	0.91
Gross Margin	94.44%	94.31%	92.32%	90.45%	90.46%	90.59%
Operating Margin	-57.10%	-20.46%	-7.24%	2.49%	15.69%	10.98%
Profit Margin	-39.70%	-9.51%	1.30%	2.47%	12.34%	9.40%
Free Cash Flow Margin	-39.12%	-10.30%	-45.81%	12.31%	23.69%	20.14%
EBITDA	-113.07	-32.53	-10.94	9.06	45.01	30.1
EBITDA Margin	-53.31%	-16.36%	-5.68%	3.56%	16.75%	12.13%
D&A For EBITDA	8.03	8.13	3.01	2.73	2.84	2.86
EBIT	-121.09	-40.66	-13.95	6.33	42.17	27.24
EBIT Margin	-57.10%	-20.46%	-7.24%	2.49%	15.69%	10.98%
Effective Tax Rate	-	-	60.42%	44.47%	21.75%	26.28%
Revenue as Reported	212.07	198.77	192.64	254.38	268.68	248.17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.