Vistagen Therapeutics, Inc.(VTGN)Stock Analysis
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Quality rankings require at least $50M annual revenue or $250M total assets to filter out micro-caps and shell companies. This company reported $16.4M in revenue.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
VTGN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Vistagen Therapeutics, Inc. (VTGN), a Healthcare sector company. VTGN is not currently included in 13F Pro's AI-ranked quality universe — quality rankings require at least $50m annual revenue or $250m total assets to filter out micro-caps and shell companies. this company reported $16.4m in revenue. Based on the latest XBRL financial filings (Q4 2026), Vistagen Therapeutics, Inc. reports quarterly revenue of $465.0K, net income of $-16.3M, free cash flow of $-16.2M. Top institutional holders of VTGN by reported 13-F value include ORBIMED ADVISORS, TCG Crossover Management,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. VTGN trades on the Nasdaq exchange and files with the SEC under CIK 1411685. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VTGN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Vistagen Therapeutics, Inc. directly from SEC EDGAR.
Revenue
Q4 2026
$465.0K
Net Income
Q4 2026
$-16.3M
Free Cash Flow
Q4 2026
$-16.2M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+659.0% YoYNet Income
-17.6% YoYOperating Income
-21.7% YoYEPS (Diluted)
+78.5% YoYTotal Assets
+130.3% YoYOp. Cash Flow
-33.6% YoY| Metric | FY 2026 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $1.3M +659.0% | $-227.0K -120.5% | $1.1M +1.8% | $1.1M | $0.00 | — |
| Net Income | $-69.7M -17.6% | $-59.2M -24.0% | $-47.8M -166.3% | $-17.9M +13.7% | $-20.8M +15.5% | $-24.6M |
| Operating Income | $-72.1M -21.7% | $-59.3M -24.0% | $-47.8M -166.4% | $-17.9M +13.8% | $-20.8M +15.3% | $-24.6M |
| EPS (Diluted) | $-1.83 +78.5% | $-8.51 | — | — | — | — |
| Total Assets | $48.6M +130.3% | $21.1M -71.7% | $74.6M -31.1% | $108.3M +1775.9% | $5.8M -58.8% | $14.0M |
| Operating Cash Flow | $-66.4M -33.6% | $-49.7M -9.9% | $-45.3M -274.8% | $-12.1M +23.4% | $-15.8M -8.5% | $-14.5M |
AI Insight: VTGN Financial Trends
Vistagen remains pre-revenue with accelerating cash burn and equity eroding from $105M to $36M over two years.
• Operating income deteriorated from -$12M in Q2 2024 to -$20M in Q4 2025, widening losses despite flat zero revenue.
• Shareholder equity contracted 66% from $105M in Q2 2024 to $36M in Q1 2026, driven by cumulative operating losses.
• Operating cash outflow averaged -$14M per quarter over last eight quarters, with no revenue generation or positive FCF inflection.
⚠ Equity runway declining materially; at current burn rate (~$16M/quarter), cash runway appears constrained absent capital raise.
⚠ No revenue or clinical milestone announcements evident in financial data; pre-revenue status persists without disclosed progress.
AI Insight: VTGN Ratio Trends
Vistagen's profitability deteriorated sharply through 2025, with ROE collapsing from -41.0% in Q2 2024 to -183.3% in Q1 2026.
• ROE worsened every quarter: -41.0% (Q2 2024) → -183.3% (Q1 2026), indicating accelerating net losses relative to equity.
• ROA declined from -37.8% (Q2 2024) to -96.0% (Q3 2025), reflecting deepening operating losses on shrinking asset base.
• ROIC fell from -46.3% (Q2 2024) to -82.4% (Q1 2025) before data gaps, signaling value destruction on invested capital.
⚠ No profitability or leverage metrics available for most recent quarter (Q1 2026 TTM); data gaps obscure current capital structure.
⚠ Consistent sequential deterioration across all return metrics through Q1 2026 suggests ongoing cash burn with no visible inflection.
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Available Research
13F Pro tracks comprehensive data for Vistagen Therapeutics, Inc. including:
Top Institutional Holders of VTGN
ORBIMED ADVISORS LLC
$1.7M3,060,000 shTCG Crossover Management, LLC
$1.5M2,676,580 shVANGUARD CAPITAL MANAGEMENT LLC
$900.4K1,574,200 shADAR1 Capital Management, LLC
$429.3K751,141 shIkarian Capital, LLC
$296.7K519,077 shTWO SIGMA INVESTMENTS, LP
$268.4K469,619 shGEODE CAPITAL MANAGEMENT, LLC
$259.2K453,391 shBlackRock, Inc.
$256.3K448,507 shMILLENNIUM MANAGEMENT LLC
$246.0K430,404 shLUMINUS MANAGEMENT LLC
$226.3K396,053 sh
| Fund | Value | Shares |
|---|---|---|
| ORBIMED ADVISORS LLC | $1.7M | 3,060,000 |
| TCG Crossover Management, LLC | $1.5M | 2,676,580 |
| VANGUARD CAPITAL MANAGEMENT LLC | $900.4K | 1,574,200 |
| ADAR1 Capital Management, LLC | $429.3K | 751,141 |
| Ikarian Capital, LLC | $296.7K | 519,077 |
| TWO SIGMA INVESTMENTS, LP | $268.4K | 469,619 |
| GEODE CAPITAL MANAGEMENT, LLC | $259.2K | 453,391 |
| BlackRock, Inc. | $256.3K | 448,507 |
| MILLENNIUM MANAGEMENT LLC | $246.0K | 430,404 |
| LUMINUS MANAGEMENT LLC | $226.3K | 396,053 |
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Popular Research
Is VTGN a good stock to buy?
13F Pro's AI-powered analysis of Vistagen Therapeutics, Inc. (VTGN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VTGN are available on the VTGN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own VTGN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VTGN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Vistagen Therapeutics, Inc.'s investment landscape.