What is Vivani Medical's cash ratio?

Vivani Medical (VANI) reported cash ratio of 2.8× in Q1 2026.

How has Vivani Medical's cash ratio changed year-over-year?

Vivani Medical's cash ratio increased by 44.3% year-over-year, from 1.9× to 2.8×.

What is the long-term trend for Vivani Medical's cash ratio?

Over 5 years (2020 to 2025), Vivani Medical's cash ratio has grown at a 30.9% compound annual growth rate (CAGR), from 0.6× to 2.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Vivani Medical VANI Cash ratio

Cash ratio at other companies

Eli LillyLLY

0.1×0.0×

AmgenAMGN

0×0.0×

AltimmuneALT

8.6×+3.6×

Viking TherapeuticsVKTX

1.1×-0.8×

Wave Life SciencesWVE

10.9×+8.1×

Prime MedicinePRME

2.1×-0.9×

Other financials

Income statement

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Revenue-—

Gross profit$130.0K—

Operating income-$6.8M-4.0%

Net income-$6.8M-7.6%

EPS (diluted)-$0.08+27.3%

Balance sheet

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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

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Operating cash flow-$6.2M-20.0%

CapEx$3.0K-40.0%

Free cash flow-$6.2M-19.9%

Valuation

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Market cap$106.93M+40.0%

Enterprise value$106.17M+19.3%

Profitability

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Gross margin36.3%—

Operating margin-1,004.9%—

Net margin-994.1%—

FCF margin-832.3%—

Returns & leverage

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Return on equity-176.4%+175pp

Debt / equity1×-0.7×

Current ratio3.2×+0.8×

Where this comes from

Calculated from Vivani Medical’s reported figures.

cash and equivalents/total current liabilities=2.8×

Based on the most recent quarter.

The official record: Vivani Medical’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vivani Medical's cash ratio?: Vivani Medical (VANI) reported cash ratio of 2.8× in Q1 2026.
How has Vivani Medical's cash ratio changed year-over-year?: Vivani Medical's cash ratio increased by 44.3% year-over-year, from 1.9× to 2.8×.
What is the long-term trend for Vivani Medical's cash ratio?: Over 5 years (2020 to 2025), Vivani Medical's cash ratio has grown at a 30.9% compound annual growth rate (CAGR), from 0.6× to 2.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.