VANDA PHARMACEUTICALS INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | -12.7% | -12.3% |
| FY2017 | — | -10.2% | -9.4% |
| FY2018 | — | 11.3% | 13.1% |
| FY2019 | — | 10.0% | 50.9% |
| FY2020 | — | 11.0% | 9.4% |
| FY2021 | — | 15.7% | 12.3% |
| FY2022 | — | 2.5% | 2.5% |
| FY2023 | — | -7.2% | 1.3% |
| FY2024 | — | -20.5% | -9.5% |
| FY2025 | — | -70.0% | -102.0% |