← Back to All US Stocks

Vistagen Therapeutics, Inc. (VTGN) Fundamental Analysis & AI Grade 2026

VTGN Nasdaq Pharmaceutical Preparations NV CIK: 0001411685
Updated This Month • Analysis: Jun 18, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
78% Confidence
N/A
D
78% Conf
Pending
Analysis scheduled

📊 VTGN Key Takeaways

Revenue: $1.3M
Net Margin: -5,491.3%
Free Cash Flow: $-66.4M
Current Ratio: 3.67x
Debt/Equity: 0.00x
EPS: $-1.83
AI Grade: D with 78% confidence
Vistagen Therapeutics, Inc. (VTGN) receives a D fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $1.3M, net profit margin of -5,491.3%, and return on equity (ROE) of -196.2%, Vistagen Therapeutics, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete VTGN stock analysis for 2026.

Is Vistagen Therapeutics, Inc. (VTGN) a Good Investment?

Claude

Vistagen is a pre-commercial biotech company facing critical cash runway pressure with only ~5.5 months of cash remaining at current $66.4M annual burn rate, offsetting improvements in loss trajectory. While revenue grew 161% YoY and net losses declined 35.5% YoY, absolute losses of $72.1M on just $1.3M in revenue indicate the company remains years away from sustainable profitability without major clinical or financing catalysts.

Vistagen Therapeutics, Inc. Key Strengths (VTGN)

Claude
  • + Net losses improved 35.5% YoY, indicating operational leverage or cost controls gaining traction
  • + Revenue growth of 161% YoY demonstrates emerging commercial traction despite tiny absolute base
  • + Zero long-term debt with healthy balance sheet structure ($35.5M equity vs $13.0M liabilities)

VTGN Stock Risks: Vistagen Therapeutics, Inc. Investment Risks

Claude
  • ! Critical cash runway of only ~5.5 months at current $66.4M annual burn rate necessitates near-term capital raise
  • ! Massive operating losses (-$72.1M) on minimal revenue ($1.3M) indicates massive development stage risk
  • ! Severe profitability gap with negative operating margin of -5683% and negative FCF margin of -5235%

Key Metrics to Watch

Claude
  • * Monthly cash burn rate and updated runway projections
  • * Clinical trial progression and regulatory milestone achievements
  • * Revenue growth trajectory and path to gross margin expansion

Vistagen Therapeutics, Inc. (VTGN) Financial Metrics & Key Ratios

Revenue
$1.3M
Net Income
$-69.7M
EPS (Diluted)
$-1.83
Free Cash Flow
$-66.4M
Total Assets
$48.6M
Cash Position
$30.8M

💡 AI Analyst Insight

Strong liquidity with a 3.67x current ratio provides a solid financial cushion.

VTGN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -5,683.7%
Net Margin -5,491.3%
ROE -196.2%
ROA -143.5%
FCF Margin -5,235.3%

VTGN vs Healthcare Sector: How Vistagen Therapeutics, Inc. Compares

How Vistagen Therapeutics, Inc. compares to Healthcare sector averages

Net Margin
VTGN -5,491.3%
vs
Sector Avg 12.0%
VTGN Sector
ROE
VTGN -196.2%
vs
Sector Avg 15.0%
VTGN Sector
Current Ratio
VTGN 3.7x
vs
Sector Avg 2.0x
VTGN Sector
Debt/Equity
VTGN 0.0x
vs
Sector Avg 0.6x
VTGN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Vistagen Therapeutics, Inc. Stock Overvalued? VTGN Valuation Analysis 2026

Based on fundamental analysis, Vistagen Therapeutics, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-196.2%
Sector avg: 15%
Net Profit Margin
-5,491.3%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Vistagen Therapeutics, Inc. Balance Sheet: VTGN Debt, Cash & Liquidity

Current Ratio
3.67x
Quick Ratio
3.67x
Debt/Equity
0.00x
Debt/Assets
26.9%
Interest Coverage
N/A
Long-term Debt
$0.0

VTGN Revenue & Earnings Growth: 5-Year Financial Trend

VTGN 5-year financial data: Year 2022: Revenue $1.1M, Net Income -$17.9M, EPS N/A. Year 2023: Revenue $1.1M, Net Income -$7.7M, EPS N/A. Year 2024: Revenue $1.1M, Net Income -$59.2M, EPS $-8.51. Year 2025: Revenue $1.1M, Net Income -$29.4M, EPS $-1.52. Year 2026: Revenue $1.3M, Net Income -$51.4M, EPS $-1.67.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Vistagen Therapeutics, Inc.'s revenue has grown significantly by 14% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.67 indicates the company is currently unprofitable.

VTGN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-5,235.3%
Free cash flow / Revenue

VTGN Quarterly Earnings & Performance

Quarterly financial performance data for Vistagen Therapeutics, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $234.0K -$10.7M $-0.45
Q2 2026 $183.0K -$10.7M $-0.42
Q1 2026 $84.0K -$10.7M $-0.35
Q3 2025 $234.0K -$6.4M $-0.22
Q2 2025 $183.0K -$6.6M $-0.42
Q1 2025 $84.0K -$6.9M $-0.35
Q3 2024 $411.4K -$6.3M N/A
Q2 2024 $277.7K -$6.6M N/A

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Vistagen Therapeutics, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$66.4M
Cash generated from operations
Dividends
None
No dividend program

VTGN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Vistagen Therapeutics, Inc. (CIK: 0001411685)

📋 Recent SEC Filings

Date Form Document Action
Jun 17, 2026 8-K vtgn-20260616.htm View →
Jun 15, 2026 10-K vtgn-20260331.htm View →
Jun 15, 2026 8-K vtgn-20260615.htm View →
Jun 9, 2026 8-K vtgn-20260609.htm View →
May 19, 2026 4 xslF345X06/form4-05192026_080513.xml View →

Frequently Asked Questions about VTGN

What is the AI rating for VTGN?

Vistagen Therapeutics, Inc. (VTGN) has an AI grade of D with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VTGN's key strengths?

Claude: Net losses improved 35.5% YoY, indicating operational leverage or cost controls gaining traction. Revenue growth of 161% YoY demonstrates emerging commercial traction despite tiny absolute base.

What are the risks of investing in VTGN?

Claude: Critical cash runway of only ~5.5 months at current $66.4M annual burn rate necessitates near-term capital raise. Massive operating losses (-$72.1M) on minimal revenue ($1.3M) indicates massive development stage risk.

What is VTGN's revenue and growth?

Vistagen Therapeutics, Inc. reported revenue of $1.3M.

Does VTGN pay dividends?

Vistagen Therapeutics, Inc. does not currently pay dividends.

Where can I find VTGN SEC filings?

Official SEC filings for Vistagen Therapeutics, Inc. (CIK: 0001411685) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VTGN's EPS?

Vistagen Therapeutics, Inc. has a diluted EPS of $-1.83.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is VTGN's fundamental grade?

Based on our AI fundamental analysis in June 2026, Vistagen Therapeutics, Inc. has a D grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is VTGN stock overvalued or undervalued?

Valuation metrics for VTGN: ROE of -196.2% (sector avg: 15%), net margin of -5,491.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is VTGN's AI grade for 2026?

Our dual AI analysis gives Vistagen Therapeutics, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is VTGN's free cash flow?

Vistagen Therapeutics, Inc.'s operating cash flow is $-66.4M, with capital expenditures of $0.0. FCF margin is -5,235.3%.

How does VTGN compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -5,491.3% (avg: 12%), ROE -196.2% (avg: 15%), current ratio 3.67 (avg: 2).

Top Rated Stocks
AAPL 92% MSFT 92% FAST 92% ANET 88% RDDT 88% KNSL 88% MGRE 88% FIZZ 88% CRDO 87% AVGO 87%
Sector: All Healthcare Stocks →
Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Jun 18, 2026 | Data as of: 2026-03-31 | Powered by Claude AI