Vistagen Therapeutics VTGN
NASDAQ VTGN
$0.24 -0.01 (-3.25%)
At close: Sep 9, 2026 · 4:00 PM EDT

Vistagen Therapeutics (VTGN) Research & Development (2011 - 2026)

Vistagen Therapeutics' (VTGN) quarterly Research & Development came in at $10.9 million in Q2 2026, down 6.61% year-over-year from $11.7 million in Q2 2025, and down 16.49% quarter-over-quarter from $13.1 million in Q1 2026.

Analysis

Vistagen Therapeutics (VTGN) Research & Development (2011 - 2026) Analysis & Trends

Vistagen Therapeutics has disclosed Research & Development across 16 years of filings, most recently posting $10.9 million for Q2 2026.

  • In Q2 2026, Research & Development fell 6.61% year-over-year to $10.9 million; the TTM figure through Jun 2026 stood at $54.1 million (up 24.65% YoY), while the FY2026 annual figure was $55.0 million, up 39.62% from the prior year.
  • Research & Development came in at $10.9 million for Q2 2026 at Vistagen Therapeutics, down from $13.1 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $15.9 million in Q3 2025 to a low of $3.9 million in Q3 2023.
  • Average Research & Development over 5 years is $10.1 million, with a median of $10.6 million recorded in 2024.
  • Year-over-year, Research & Development surged 180.16% in 2022 and slumped 72.55% in 2023.
  • Over 5 years, Research & Development stood at $6.9 million in 2022, then sank by 33.81% to $4.5 million in 2023, then surged by 149.17% to $11.3 million in 2024, then gained by 25.81% to $14.2 million in 2025, then declined by 23.32% to $10.9 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $10.9 million in Q2 2026, $13.1 million in Q1 2026, and $14.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Amgen 236.37 Bn 222.38 Bn 7.24 Bn 1.87 Bn
2 Gilead Sciences 187.38 Bn 184.12 Bn 6.22 Bn 1.76 Bn
3 Vertex Pharmaceuticals 138.36 Bn 130.51 Bn 2.84 Bn 993.80 Mn
4 Regeneron Pharmaceuticals 85.09 Bn 77.10 Bn 3.93 Bn 1.63 Bn
5 Argenx Se 63.93 Bn 58.75 Bn 1.37 Bn -486.00 Mn
6 Moderna 58.07 Bn 52.94 Bn 52.00 Mn 651.00 Mn
7 Alnylam Pharmaceuticals 35.59 Bn 32.28 Bn 992.69 Mn 413.13 Mn
8 Biogen 32.63 Bn 31.34 Bn 1.96 Bn 529.60 Mn
9 Insmed 27.57 Bn 26.41 Bn 358.27 Mn 210.03 Mn
10 Vistagen Therapeutics 10.65 Mn 10.65 Mn - 10.91 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.91 Mn
Mar 31, 2026 13.06 Mn
Dec 31, 2025 14.22 Mn
Sep 30, 2025 15.92 Mn
Jun 30, 2025 11.68 Mn
Mar 31, 2025 10.21 Mn
Dec 31, 2024 11.31 Mn
Sep 30, 2024 10.22 Mn
Jun 30, 2024 7.65 Mn
Mar 31, 2024 7.44 Mn
Dec 31, 2023 4.54 Mn
Sep 30, 2023 3.85 Mn
Jun 30, 2023 4.20 Mn
Mar 31, 2023 9.34 Mn
Dec 31, 2022 6.85 Mn
Sep 30, 2022 12.89 Mn
Jun 30, 2022 15.29 Mn
Mar 31, 2022 12.23 Mn
Dec 31, 2021 7.78 Mn
Sep 30, 2021 9.94 Mn