Skip to content
Vivani Medical logo

Vivani Medical

VANI

Vivani Medical is a clinical-stage biopharmaceutical company developing miniature, ultra long-acting subdermal drug implants designed to improve medication adherence and tolerability for chronic diseases.

Market cap
$120.73M+60.5%
Net income-$27.1M-14.1%
Free cash flow-$26.5M-21.6%
EPS (diluted)-$0.40+7.0%
Trailing twelve months · change vs. prior year

Earnings

Q1 2026 report

May 13, 2026

Next report

Aug 12, 2026 (In 3 weeks)
EPS estimate-$0.08

Financials

Q1 2026

Income statement

See full
Operating income-$6.8M-4.0%
Net income-$6.8M-7.6%
EPS (diluted)-$0.08+27.3%

Balance sheet

See full
Cash & equivalents$19.0M+57.7%
Total debt$18.3M-3.5%
Total equity$19.1M+64.2%
Total assets$42.4M+19.5%

Cash flow

See full
Operating cash flow-$6.2M-20.0%
CapEx$3.0K-40.0%
Free cash flow-$6.2M-19.9%

Valuation & ratios

Valuation

See full
Market cap$120.73M+60.5%
Enterprise value$119.96M+37.2%

Returns & leverage

See full
Return on equity-176.4%+175pp
Debt / equity-0.7×
Current ratio3.2×+0.8×

Competitors

Profile

Vivani Medical is a clinical-stage biopharmaceutical company developing miniature, ultra long-acting subdermal drug implants designed to improve medication adherence and tolerability for chronic diseases. The company's proprietary NanoPortal technology enables the near constant-rate delivery of medicines, such as GLP-1 receptor agonists, for six months or longer via a reversible titanium-oxide membrane system. Their primary focus is addressing metabolic conditions including obesity and type 2 diabetes through a portfolio of implantable candidates.

Competitive position

Vivani holds a unique position as a developer of the only known reversible GLP-1 implants in clinical or preclinical development, targeting the high-growth obesity and diabetes markets.

GeographiesUnited States, Australia
Customer segmentsPatients, Pharmaceutical companies, Veterinary clinics
Business modelResearch and Development, Licensing, B2B
SuppliersThird-party drug substance manufacturers, Contract manufacturers for device components, Raw material suppliers, Analytical laboratories
CustomersPharmaceutical company partners, Hospitals and primary care clinics, Veterinary distributors
Listed2022
Employees37.0
CEOAdam Mendelsohn
Websitevivani.com
FilingsSEC EDGAR

Questions, answered.

What is Vivani Medical's market cap?
Vivani Medical (VANI) has a market capitalization of $120.7M and trades on NASDAQ.
Who are Vivani Medical's competitors?
Vivani Medical's key competitors include Viking Therapeutics, Eli Lilly and Company, Amgen, and others. These companies compete in similar markets and product categories.
Who does Vivani Medical partner with?
Vivani Medical's notable partners include Okava Pharmaceuticals, Inc., Novo Nordisk.
What subsidiaries does Vivani Medical have?
Vivani Medical's subsidiaries include Cortigent, Inc., Nano Precision Medical, Inc..
Where is Vivani Medical headquartered?
Vivani Medical is headquartered in United States of America and employs approximately 37 people. It has been publicly traded since 2022.