Vistagen Therapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 12, 2026
VTGN$0.18-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data)
| Three Months EndedDecember 31, | Nine Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Sublicense and other revenue | $303 | $234 | $804 | $501 |
| Total revenues | 303 | 234 | 804 | $501 |
| Operating expenses: | ||||
| Research and development | 14,223 | 11,305 | 41,914 | $29,168 |
| General and administrative | 5,626 | 4,049 | 14,299 | $12,811 |
| Total operating expenses | 19,849 | 15,354 | 56,213 | $41,979 |
| Loss from operations | (19,546) | (15,120) | (55,409) | $(41,478) |
| Other income, net: | ||||
| Interest income, net | 647 | 1,031 | 1,989 | $3,702 |
| Other income | — | — | 9 | — |
| Loss before income taxes | (18,899) | (14,089) | (53,411) | (37,776) |
| Income taxes | — | — | — | $(7) |
| Net loss | $(18,899) | $(14,089) | $(53,411) | $(37,783) |
| Unrealized gain (loss) on marketable securities | (1) | (11) | 8 | 11 |
| Comprehensive loss | $(18,900) | $(14,100) | $(53,403) | $(37,772) |
| Basic and diluted net loss per common share | $(0.45) | $(0.46) | $(1.46) | $(1.23) |
| Weighted average common shares outstanding, basic and diluted | 42,234,405 | 30,711,872 | 36,655,195 | 30,649,384 |
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