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Vivani Medical VANI Biopharm Division — Development Expense

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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 / equity-0.7×
Current ratio3.2×+0.8×

Where this comes from

Reported directly by Vivani Medical in its filing.

Tagged under the XBRL concept vani:DevelopmentExpense.

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 biopharm division — development expense?
Vivani Medical (VANI) reported biopharm division — development expense of $1.01M in Q1 2026.
How has Vivani Medical's biopharm division — development expense changed year-over-year?
Vivani Medical's biopharm division — development expense increased by 21.9% year-over-year, from $827K to $1.01M.
What is the long-term trend for Vivani Medical's biopharm division — development expense?
Over 2 years (2023 to 2025), Vivani Medical's biopharm division — development expense has grown at a 29.6% compound annual growth rate (CAGR), from $2.58M to $4.33M.
What does biopharm division — development expense mean?
Represents the direct costs associated with the research and development of drug delivery technologies and preclinical candidates within the biopharmaceutical segment. This is a critical indicator of the segment's investment in its future product pipeline and technological innovation. High levels of development expense are typical for companies focused on long-term clinical advancement.