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VANIVivani Medical, Inc.
$1.30$77M
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VANI logoVivani Medical, Inc.(VANI)Earnings, Financials & Key Ratios

VANI•NASDAQ
$1.30
Price updated Jul 6, 2026
SectorHealthcareIndustryMedical DevicesSub-IndustryNeuromodulation and neuro devices
AboutVivani Medical, Inc., a clinical stage company, develops various implants that treat chronic diseases with high unmet medical need. It engages in developing a portfolio of miniature drug implants to deliver minimally fluctuating drug profiles; and implantable visual prostheses devices to deliver useful artificial vision to blind individuals. The company is headquartered in Emeryville, California.Show more
  • Revenue$0
  • EBITDA-$27M-11.8%
  • Net Income-$27M-13.3%
  • EPS (Diluted)-0.43
  • ROE-159.62%-30.4%

VANI Price & Volume

Vivani Medical, Inc. (VANI) stock price & volume — 10-year historical chart

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Clinical Development Costs Threaten Vivani Financial Viability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Clinical trial funding shortfall

Key Thesis Takeaways

  • Vivani Medical remains a high-risk, pre-revenue clinical-stage entity whose long-term viability is contingent upon the successful advancement of its NanoPortal technology.
  • The company faces significant capital constraints, with a quarterly cash burn rate consistently exceeding $6M and an accumulated deficit that has ballooned to $155.3M as of 2026Q1.
  • Investors should monitor the company's ability to secure non-dilutive funding or reach critical clinical milestones, as the current trajectory suggests a precarious runway that may necessitate further equity dilution.

Verdict Logic

the company's cash position of $16.2M against a quarterly burn rate exceeding $6M suggests a critical liquidity shortfall that warrants extreme caution regarding future solvency.

VANI Growth Metrics

Vivani Medical, Inc. (VANI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-14.06%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM6.39%

Return on Capital

10 Years-249.03%
5 Years-143.06%
3 Years-69.92%
Last Year-80.61%

VANI Recent Earnings

Vivani Medical, Inc. (VANI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (25%)
Q2 2026Latest
May 13, 2026
Metric
Actual
Est
EPS
$0.08+0.0%
$0.08
Rev
—
—
Q2 2026
Mar 26, 2026
Metric
Actual
Est
EPS
$0.09+0.0%
$0.09
Rev
—
—
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.11+8.3%
$0.12
Rev
—
—
Q3 2025
Aug 13, 2025
Metric
Actual
Est
EPS
$0.12-20.0%
$0.10
Rev
—
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 13, 2026
$0.08vs $0.08+0.0%
—
Q2 2026Mar 26, 2026
$0.09vs $0.09+0.0%
—
Q4 2025Nov 13, 2025
$0.11vs $0.12+8.3%
—
Q3 2025Aug 13, 2025
$0.12vs $0.10-20.0%
—
Based on last 12 quarters of dataView full earnings history →

Latest VANI News

Recent stock market news and headlines for Vivani Medical, Inc. (VANI)

GlobeNewsWire·Jun 26, 2026
Vivani Medical Announces Appointment of August J. Moretti to Board of Directors and Retirement of Dr. Dean Baker

ALAMEDA, Calif., June 26, 2026 (GLOBE NEWSWIRE) -- Vivani Medical, Inc. (NASDAQ: VANI) (“Vivani” or the “Company”), a clinical-stage biopharmaceutical company developing miniature, ultra long-acting drug implants, today announced the appointment of August Moretti to its board of directors. Concurrent with this appointment, the Company announced the retirement of Dr. Dean Baker from the board.

GlobeNewsWire·Jun 25, 2026
Vivani Medical Receives Regulatory Approval for the Initiation of SLIM-1, a Phase 1 Clinical Trial of NPM-139 Semaglutide Implant in Obesity and Chronic Weight Management

ALAMEDA, Calif., June 25, 2026 (GLOBE NEWSWIRE) -- Vivani Medical, Inc. (Nasdaq: VANI) (“Vivani” or the “Company”), a clinical-stage biopharmaceutical company developing miniature, ultra long-acting drug implants, announced today that it has received approval from Bellberry, a human research ethics committee (HREC) in Australia to initiate SLIM-1™, a Phase 1 clinical trial of NPM-139, a semaglutide implant.

GlobeNewsWire·Jun 22, 2026
Vivani Medical CEO Adam Mendelsohn to Present at the 2026 BIO International Convention

ALAMEDA, Calif., June 22, 2026 (GLOBE NEWSWIRE) -- Vivani Medical, Inc. ( NASDAQ: VANI ) (“Vivani” or the “Company”), a clinical-stage biopharmaceutical company developing miniature, ultra long-acting drug implants, announced today that CEO Adam Mendelsohn, Ph.D., will present a company overview and host investor and partner meetings at the 2026 BIO International Convention taking place this week in San Diego, California.

Peers Comparison

Key metrics vs top competitors for Vivani Medical, Inc. (VANI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VANI logoVANIVivani Medical, Inc.Current
$1.30$76.8M-3.02——-159.62%—
GKOS logoGKOSGlaukos Corporation
$148.70$8.7B-45.3432.33%-34.34%-26.46%—
BRNS logoBRNSBarinthus Biotherapeutics plc
$0.63$25.76M-0.38-100%—-63.83%—
NVCR logoNVCRNovoCure Limited
$17.32$1.97B-14.208.28%-25.66%-50.82%—
INVA logoINVAInnoviva, Inc.
$21.82$1.61B6.6118.52%118.91%47.59%—
TNDM logoTNDMTandem Diabetes Care, Inc.
$15.42$1.06B-5.077.93%-9.2%-68.29%—

Compare VANI vs Peers

Vivani Medical, Inc. (VANI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GKOS

Most directly comparable listed peer for VANI.

Scale Benchmark

vs LLY

Larger-name benchmark to compare VANI against a more recognizable public peer.

Peer Set

Compare Top 5

vs GKOS, BRNS, NVCR, INVA

VANI SEC Filings & Documents

Vivani Medical, Inc. (VANI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 13, 2026·SEC

Material company update

Mar 26, 2026·SEC

Material company update

Jan 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 26, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 13, 2025·SEC

FY 2025

Aug 13, 2025·SEC

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VANI Frequently Asked Questions

Vivani Medical, Inc. (VANI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is VANI profitable?

Vivani Medical, Inc. (VANI) reported a net loss of $27.1M for fiscal year 2025.

Dividend & Returns
What is VANI's return on equity?

Vivani Medical, Inc. (VANI) has a return on equity (ROE) of -159.6%. Negative ROE indicates the company is unprofitable.

What is Vivani Medical, Inc.'s free cash flow?

Vivani Medical, Inc. (VANI) had negative free cash flow of $26.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in VANI back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →