10-Q quarterly report · filed Oct 30, 2025

Vanda Pharmaceuticals Inc. (VNDA) Q3 2025 10-Q Quarterly Report

Short answer

Vanda Pharmaceuticals Inc. (VNDA) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $56M (up 18.1% year over year) with net income of −$23M.

Q3 2025 key financials · XBRL

Revenue
$56M
+18.1% YoY · +7.0% QoQ
Net income
−$23M
−324.2% YoY · +17.0% QoQ
Operating margin
-55.6%
EPS (diluted)
−$0.39
−333.3% YoY · +15.2% QoQ

Source: XBRL data from the Vanda Pharmaceuticals Inc. (VNDA) Q3 2025 10-Q on SEC EDGAR. USD.

Vanda Pharmaceuticals Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $56.3M, up 18% from $47.7M YoY
  • Fanapt best performer: sales $31.2M, up 31% YoY
  • HETLIOZ weakest growth: sales $18.0M, up 1% YoY
  • PONVORY sales $7.0M, up 20% YoY
  • HETLIOZ headwinds: generic competition and elevated specialty-pharmacy inventory; Medicare Part D redesign risk to future revenue

Risk Factors

  • Risk Factors section not provided in the submitted filing text
  • No basis to identify newly added or materially updated risks versus the 10-K
  • No regulatory, legal, operational, competitive, market, liquidity, debt, currency, or concentration risks disclosed in provided text

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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