Vivani Medical, Inc. (VANI) Financial Statements
Industry: Electromedical & Electrotherapeutic Apparatus
In fiscal 2025, Vivani Medical reported revenue of $0. Net income was -$26.6M, or -$0.43 per diluted share. Operating activities generated -$24.3M of cash, leaving -$25.5M of free cash flow. At fiscal year end, Vivani Medical held $39.4M in total assets against $23.7M in total liabilities, including $16.2M of cash and equivalents.
Open the full interactive Vivani Medical financials → Quarterly statements, key ratios, valuation history and price charts.
Vivani Medical Key Stats
| Share Price | $1.18 |
|---|---|
| Market Cap | $102.8M |
| 52-Week Range | $0.94 – $1.87 |
| Shares Outstanding | 87.1 million (basic, 2026 Q2) |
Vivani Medical Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.0M | $260,000 | $0 | $0 | $0 | $0 |
| Cost of Goods Sold | $500,000 | $130,000 | — | — | — | — |
| Gross Profit | $500,000 | $130,000 | — | — | — | — |
| Operating Income | -$14.9M | -$8.9M | -$21.2M | -$27.0M | -$24.7M | -$27.6M |
| Pre-Tax Income | -$14.9M | -$8.9M | -$13.9M | -$25.7M | -$23.5M | -$26.6M |
| Net Income | -$14.9M | -$8.9M | -$13.9M | -$25.7M | -$23.5M | -$26.6M |
| Diluted EPS | -$2.16 | -$0.81 | — | — | -$0.43 | -$0.43 |
Vivani Medical Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Net Income | -$6.5M | -$6.6M | -$6.8M | -$6.4M |
| Diluted EPS | -$0.11 | -$0.11 | -$0.08 | -$0.07 |
Vivani Medical Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.2M | $69.6M | — | $20.7M | $18.4M | $16.2M |
| Current Assets | $4.3M | $70.5M | $47.5M | $23.1M | $20.4M | $17.9M |
| Total Assets | $4.5M | $70.9M | $51.1M | $45.8M | $41.6M | $39.4M |
| Current Liabilities | $5.1M | $2.5M | $6.8M | $5.7M | $6.0M | $6.6M |
| Total Liabilities | $5.1M | $2.5M | $6.8M | $25.0M | $24.0M | $23.7M |
| Shareholders' Equity | -$672,000 | $68.4M | $44.3M | $20.8M | $17.6M | $15.7M |
Vivani Medical Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$16.8M | -$9.2M | -$18.8M | -$23.7M | -$20.8M | -$24.3M |
| Cash From Investing | $68,000 | -$14,000 | -$338,000 | -$887,000 | -$556,000 | -$1.2M |
| Cash From Financing | $8.6M | $75.6M | $63.4M | $133,000 | $19.1M | $23.3M |
| Free Cash Flow | -$17.2M | -$9.2M | -$19.1M | -$24.6M | -$21.3M | -$25.5M |
Figures from Vivani Medical's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Vivani Medical financials page for every line item.
Vivani Medical Company Profile
| Ticker | VANI |
|---|---|
| Exchange | Nasdaq |
| Industry | Electromedical & Electrotherapeutic Apparatus |
| Headquarters | Alameda, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001266806 |
Frequently Asked Questions
What was Vivani Medical's revenue in fiscal 2025?
Vivani Medical (VANI) reported revenue of $0 for fiscal 2025.
What is Vivani Medical's annual revenue history?
Vivani Medical's annual revenue by fiscal year: 2020: $1.0M; 2021: $260,000; 2022: $0; 2023: $0; 2024: $0; 2025: $0.
What was Vivani Medical's net income in fiscal 2025?
Vivani Medical reported net income of -$26.6M for fiscal 2025.
What was Vivani Medical's earnings per share (EPS) in fiscal 2025?
Vivani Medical's diluted EPS was -$0.43 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Vivani Medical generate in fiscal 2025?
Vivani Medical generated -$25.5M of free cash flow in fiscal 2025.
What was Vivani Medical's revenue last quarter?
In its most recent reported quarter (2026 Q2), Vivani Medical reported revenue of $0.
How many shares of Vivani Medical are outstanding?
Vivani Medical reported a weighted average of 87.1 million basic shares outstanding in 2026 Q2.
What is Vivani Medical's market cap?
Based on its latest closing price, Vivani Medical (VANI) has a market capitalization of about $102.8M.
When does Vivani Medical's fiscal year end?
Vivani Medical's fiscal year end, as registered with the SEC, is December 31.
Where is Vivani Medical headquartered?
Vivani Medical lists its business address in Alameda, California in its SEC filings.