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Vistagen Therapeutics, Inc.

VTGN

$0.36 ▲ +0.11 (+41.16%) at close

28 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Vistagen Therapeutics, Inc. faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $13.7M

Dividend Yield —

Revenue Growth 161.1% ↗

Op. Margin None

ROIC -203.1% ↘

FCF / Share $-1.74 ↘

Trailing P/E —

Price / Book 0.4x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Sep 23, 2026.

28-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.27M

↑ +161.1% —

Net Income Profit after all expenses

$-69.69M

↓ -35.5% —

Operating Margin Operating profit as % of sales

-344.6%

↓ -8.7% —

FCF / Share Free cash flow per share

$-1.74

↓ -28.0% —

Long-Term Debt Long-term obligations

$58.80K

↓ -97.4% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns ↓

Financial Health ↓

Cash Quality →

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📈 Is growth accelerating? 6 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Revenue Growth YoY (%)	161.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1914%)	-54.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-779%)	N/M	N/M	1.8% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-78%)	—	—	—	—	—	—	—	8068.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+100760%)	-85.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1163%)	-35.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-540%)	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	-9.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-9.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	82.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-13.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	49.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	-176.2% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-7421.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	89.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-35.5% Weak ↓ Weak Declining Year-over-year change in net income	-75.1% Weak ↓ Weak Declining Year-over-year change in net income	50.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-24.0% Weak ↑ Weak Improving Year-over-year change in net income	-166.3% Weak ↓ Weak Declining Year-over-year change in net income	13.7% Fair ↑ Fair Improving Year-over-year change in net income	15.5% Good ↑ Good Improving Year-over-year change in net income	-71.4% Weak ↓ Weak Declining Year-over-year change in net income	-39.9% Weak ↓ Weak Declining Year-over-year change in net income	78.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-240.1% Weak ↓ Weak Declining Year-over-year change in net income	80.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-448.1% Weak ↓ Weak Declining Year-over-year change in net income	-5.5% Weak ↑ Weak Improving Year-over-year change in net income	-28.8% Weak ↑ Weak Improving Year-over-year change in net income	-129.9% Weak ↓ Weak Declining Year-over-year change in net income	12.2% Fair ↑ Fair Improving Year-over-year change in net income	13.8% Fair ↑ Fair Improving Year-over-year change in net income	-172.4% Weak ↓ Weak Declining Year-over-year change in net income	-12.8% Weak ↑ Weak Improving Year-over-year change in net income	-63.7% Weak ↑ Weak Improving Year-over-year change in net income	87.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-1642.0% Weak ↓ Weak Declining Year-over-year change in net income	76.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-16.8% Weak ↑ Weak Improving Year-over-year change in net income	-158.4% Weak Weak Year-over-year change in net income	-203.2% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	-28.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	-2.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	81.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-3.6% Weak Weak Year-over-year change in free cash flow	-60.1% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	-99.7% Weak Weak Year-over-year change in free cash flow	-449.6% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	—	-24.0% Weak Weak Compound annual revenue growth over 3 years	-0.8% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	-57.6% Weak Weak Compound annual revenue growth over 3 years	—	—	99.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	3.1% Caution Caution Compound annual revenue growth over 5 years	—	—	—	-2.4% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	-1.4% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Operating Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	-344.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2398%)	—	—	-317.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2213%)	—	—	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	-431.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3696%)	—	—	-457.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3915%)	—	—	—	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	—	—	—	—	—	—	—	—	—	—	—	—	-141.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	—	-265.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-40.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	0.95x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.95x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.69x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.60x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.63x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.33x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.27x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.29x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.09x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Return on Invested Capital (%)	-203.1% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-79.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-28.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-490.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-73.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-19.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	363.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-347.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-205.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1664.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	611.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	29.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	414.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	42.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	125.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	15.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Return on Capital (%) (%)	-148.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-66.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-26.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-281.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-64.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-16.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-360.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-175.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-125.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-276.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1803.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2512.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-21395.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-770.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2647.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-2028.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	-196.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1408%)	-73.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-587%)	-25.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-271%)	—	-73.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-592%)	-19.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-230%)	—	—	-207.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1483%)	—	—	67.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+351%)	—	102.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+584%)	214.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1327%)	28.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+92%)	15.7% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	17.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+17%)	24.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	11.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-24%)	10.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	7.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-51%)	64.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+326%)	10.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	46.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+207%)	72.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+380%)	82.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+453%)	102.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+583%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	-0.02x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-103%)	-0.11x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-118%)	-0.16x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-127%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	-2185.64x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	-159263.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1348.41x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	—	-3069.54x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1595.46x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2227.93x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-23.16x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.49x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4.75x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-7.38x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4.78x Weak Weak Operating income divided by interest expense Optimal: > 5x	-2.10x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$-30.79M	$-67.13M	$-119.17M	$-16.64M	$-68.14M	$-103.11M	$-1.36M	$-13.10M	$-10.38M	$-2.92M	$-369.70K	$2.15M	$2.06M	$-638.10K	$-81.00K	$-139.30K	$-201.00K	—	—	—	—	—	—	—	—	—	—	—
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	—	-0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.33x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.04x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Revenue per Share (USD)	$0.03	$0.02	$0.05	$-0.03	$0.17	$0.38	—	—	—	—	—	—	$22.37	$0.33	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-1.83	$-1.67	$-1.52	$-8.51	$-7.51	$-14.71	—	—	—	—	$-873.27	$-316.22	$-4.20	$-38.14	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-1.74	$-1.36	$-1.33	$-7.14	$-6.90	$-4.31	—	—	—	—	—	$-63.05	$-31.57	$-5.74	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$0.93	$2.28	$5.90	$1.74	$9.82	$32.07	—	—	—	—	$-50.57	$-467.78	$-17.49	$-20.82	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$0.93	$2.28	$5.90	$1.74	$9.82	$32.07	—	—	—	—	$-50.57	$-467.78	$-17.49	$-20.82	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	38.07M	30.88M	19.35M	6.96M	6.59M	2.87M	—	—	—	—	58,873	43,916	731,706	603,011	—	—	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Working Capital (USD)	$34.15M	$69.46M	$115.55M	$12.94M	$65.23M	$99.93M	$-26.13M	$10.83M	$9.56M	$2.01M	$-939.40K	$-17.28M	$-5.17M	$-1.74M	$-2.94M	$-10.62M	—	—	—	—	—	—	—	—	—	—	—	—
LT Debt (USD)	—	—	—	—	—	—	—	—	—	—	$58.80K	$2.22M	$2.06M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$35.52M	$70.39M	$114.29M	$12.08M	$64.72M	$91.98M	$-5.73M	$7.08M	$6.92M	$615.80K	$-2.98M	$-20.54M	$-12.80M	$-12.56M	$-5.71M	$-32.88M	$-26.34M	$-26.68M	$-22.17M	$-17.45M	$-16.50M	$-14.74M	$-13.69M	$-4.95M	$-4.58M	$-2.51M	$-844.10K	$-225.50K

📋 What is driving earnings? 4 metrics

Metric	FY 2026 Mar 31, 2026 10-K ↗	FY 2025 Mar 31, 2025 10-K ↗	FY 2024 Mar 31, 2024 10-K ↗	FY 2023 Mar 31, 2023 10-K ↗	FY 2022 Mar 31, 2022 10-K ↗	FY 2021 Mar 31, 2021 10-K ↗	FY 2020 Mar 31, 2020 10-K ↗	FY 2019 Mar 31, 2019 10-K ↗	FY 2018 Mar 31, 2018 10-K ↗	FY 2017 Mar 31, 2017 10-K ↗	FY 2016 Mar 31, 2016 10-K ↗	FY 2015 Mar 31, 2015 10-K ↗	FY 2014 Mar 31, 2014 10-K ↗	FY 2013 Mar 31, 2013 10-K ↗	FY 2012 Mar 31, 2012 10-K ↗	FY 2011 Mar 31, 2011 10-K ↗	FY 2010 Mar 31, 2010 10-K ↗	FY 2009 Mar 31, 2009 10-K ↗	FY 2008 Mar 31, 2008 10-K ↗	FY 2007 Mar 31, 2007 10-K ↗	FY 2006 Mar 31, 2006 10-K ↗	FY 2005 Mar 31, 2005 10-K ↗	FY 2004 Mar 31, 2004 10-K ↗	FY 2003 Mar 31, 2003 10-K ↗	FY 2002 Mar 31, 2002 10-K ↗	FY 2001 Mar 31, 2001 10-K ↗	FY 2000 Mar 31, 2000 10-K ↗	FY 1999 Mar 31, 1999 10-K ↗
Sales/Revenue/Turnover (USD)	$1.27M	$486.00K	$1.06M	$-227.00K	$1.11M	$1.09M	$0.00	—	—	$1.25M	—	—	$16.37M	$200.40K	$1.34M	$2.07M	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$199.00K	$150.00K	$127.00K	—	—	—	$103.10K	$91.20K	$80.70K	$54.90K	$53.50K	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$-69.69M	$-51.42M	$-29.36M	$-59.25M	$-47.76M	$-17.93M	$-20.77M	$-24.59M	$-14.35M	$-10.26M	$-47.22M	$-13.89M	$-70.64M	$-12.89M	$-12.21M	$-9.48M	$-4.12M	$-4.70M	$-5.45M	$-2.00M	$-1.77M	$-1.08M	$-8.76M	$-502.60K	$-2.11M	$-1.81M	$-700.00K	$-230.90K
Operating Cash Flow (USD)	$-66.44M	$-42.10M	$-25.81M	$-49.72M	$-45.26M	$-12.07M	$-15.76M	$-14.53M	$-9.06M	—	—	$-2.77M	$-23.10M	$-3.46M	$-3.57M	$-841.30K	—	—	—	—	—	—	—	—	—	—	—	—

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Synced yesterday 28 years · 78 quarters

Vistagen Therapeutics, Inc.

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