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Vistagen Therapeutics (VTGN) R&D spending by quarter

Vistagen Therapeutics' R&D spending was $10.9M in Q1 FY27 (first quarter fiscal 2027), -16% from Q4 FY26. Over the last 6 quarters it ranged from $10.9M (Q1 FY27) to $15.9M (Q2 FY26).

Vistagen Therapeutics R&D spending by quarterVistagen Therapeutics R&D spending by quarter$11.3MQ3 FY25$11.7MQ1 FY26$15.9MQ2 FY26$14.2MQ3 FY26$13.1MQ4 FY26$10.9MQ1 FY27
QuarterR&D spendingQ/QY/Y
Q1 FY27$10.9M-16%-7%
Q4 FY26$13.1M-8%—
Q3 FY26$14.2M-11%+26%
Q2 FY26$15.9M+36%—
Q1 FY26$11.7M+3%—
Q3 FY25$11.3M——

Q1 FY27 at a glance

Vistagen Therapeutics, Q1 FY27: revenue $1.5M (+505% year over year), operating margin -904.3%, net loss $13.0M, operating cash flow −$14.7M. The chart follows the revenue to costs, profit and cash.

Questions

What is Vistagen Therapeutics' R&D spending?

Vistagen Therapeutics' R&D spending was $10.9M in Q1 FY27 (first quarter fiscal 2027), -16% from Q4 FY26.

How has Vistagen Therapeutics' R&D spending changed?

Over the last 6 quarters it ranged from $10.9M (Q1 FY27) to $15.9M (Q2 FY26).

Q1 FY27 results → · How Vistagen Therapeutics makes money →