Vanda Pharmaceuticals (VNDA) Operating Expenses (2010 - 2026)

Vanda Pharmaceuticals (VNDA) reported Operating Expenses of $101.9 million for Q1 2026, up 11.94% on a YoY basis from $91.1 million in Q1 2025, and up 4.48% sequentially from $97.6 million in Q4 2025.

Vanda Pharmaceuticals (VNDA) Operating Expenses (2010 - 2026) Analysis & Trends

Vanda Pharmaceuticals (VNDA) has 17 years of Operating Expenses data on file, last reported at $101.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 11.94% year-over-year to $101.9 million; the trailing twelve-month figure through Mar 2026 stood at $378.1 million (up 38.11% YoY), and the FY2025 full-year result was $367.3 million, up 53.39% from the prior year.
  • Operating Expenses advanced to $101.9 million in Q1 2026, from $97.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $101.9 million in Q1 2026 to a low of $44.8 million in Q3 2023.
  • A 5-year average of $68.4 million and a median of $60.9 million in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses fell 27.03% in 2023 and jumped 60.62% in 2025, its largest moves.
  • Tracing VNDA's Operating Expenses over 5 years: stood at $57.9 million in 2022, then retreated by 9.49% to $52.4 million in 2023, then advanced by 21.2% to $63.5 million in 2024, then jumped by 53.74% to $97.6 million in 2025, then gained by 4.48% to $101.9 million in 2026.
  • Business Quant data shows VNDA's Operating Expenses at $101.9 million in Q1 2026, $97.6 million in Q4 2025, and $87.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Vanda Pharmaceuticals 309.49 Mn 107.18 Mn 48.56 Mn 101.94 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 101.94 Mn
Dec 31, 2025 97.57 Mn
Sep 30, 2025 87.54 Mn
Jun 30, 2025 91.09 Mn
Mar 31, 2025 91.07 Mn
Dec 31, 2024 63.46 Mn
Sep 30, 2024 58.65 Mn
Jun 30, 2024 60.62 Mn
Mar 31, 2024 56.70 Mn
Dec 31, 2023 52.37 Mn
Sep 30, 2023 44.81 Mn
Jun 30, 2023 48.92 Mn
Mar 31, 2023 60.49 Mn
Dec 31, 2022 57.85 Mn
Sep 30, 2022 61.41 Mn
Jun 30, 2022 60.93 Mn
Mar 31, 2022 67.86 Mn
Dec 31, 2021 59.38 Mn
Sep 30, 2021 59.28 Mn
Jun 30, 2021 55.53 Mn