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Vanda Pharmaceuticals (VNDA) R&D spending by quarter

Vanda Pharmaceuticals' R&D spending was $27.6M in Q3 2026 (third quarter 2026), -25% from Q2 2026. Over the last 7 quarters it ranged from $22.0M (Q2 2025) to $37.0M (Q2 2026).

Vanda Pharmaceuticals R&D spending by quarterVanda Pharmaceuticals R&D spending by quarter$35.7MQ1 2025$22.0MQ2 2025$22.6MQ3 2025$29.0MQ4 2025$28.4MQ1 2026$37.0MQ2 2026$27.6MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$27.6M-25%+22%
Q2 2026$37.0M+30%+68%
Q1 2026$28.4M-2%-20%
Q4 2025$29.0M+29%—
Q3 2025$22.6M+3%—
Q2 2025$22.0M-38%—
Q1 2025$35.7M——

Q3 2026 at a glance

Vanda Pharmaceuticals, Q3 2026: revenue $69.8M (+24% year over year), operating margin -33.7%, net loss $22.6M, operating cash flow −$28.4M. The chart follows the revenue to costs, profit and cash.

Questions

What is Vanda Pharmaceuticals' R&D spending?

Vanda Pharmaceuticals' R&D spending was $27.6M in Q3 2026 (third quarter 2026), -25% from Q2 2026.

How has Vanda Pharmaceuticals' R&D spending changed?

Over the last 7 quarters it ranged from $22.0M (Q2 2025) to $37.0M (Q2 2026).

Q3 2026 results → · How Vanda Pharmaceuticals makes money →