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Side-by-side financial comparison of Nano Dimension Ltd. (NNDM) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.

Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $57.2M, roughly 1.0× Vanda Pharmaceuticals Inc.). Nano Dimension Ltd. runs the higher net margin — -171.1% vs -246.8%, a 75.7% gap on every dollar of revenue. Nano Dimension Ltd. produced more free cash flow last quarter ($-21.1M vs $-29.5M).

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.

NNDM vs VNDA — Head-to-Head

Bigger by revenue
NNDM
NNDM
1.0× larger
NNDM
$57.8M
$57.2M
VNDA
Higher net margin
NNDM
NNDM
75.7% more per $
NNDM
-171.1%
-246.8%
VNDA
More free cash flow
NNDM
NNDM
$8.4M more FCF
NNDM
$-21.1M
$-29.5M
VNDA

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
NNDM
NNDM
VNDA
VNDA
Revenue
$57.8M
$57.2M
Net Profit
$-98.8M
$-141.2M
Gross Margin
43.1%
Operating Margin
-155.1%
-70.5%
Net Margin
-171.1%
-246.8%
Revenue YoY
7.6%
Net Profit YoY
-2774.3%
EPS (diluted)
$-0.45
$-2.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NNDM
NNDM
VNDA
VNDA
Q4 25
$57.2M
Q3 25
$56.3M
Q2 25
$52.6M
Q1 25
$50.0M
Q4 24
$57.8M
$53.2M
Q3 24
$47.7M
Q2 24
$28.4M
$50.5M
Q1 24
$47.5M
Net Profit
NNDM
NNDM
VNDA
VNDA
Q4 25
$-141.2M
Q3 25
$-22.6M
Q2 25
$-27.2M
Q1 25
$-29.5M
Q4 24
$-98.8M
$-4.9M
Q3 24
$-5.3M
Q2 24
$-79.2M
$-4.5M
Q1 24
$-4.1M
Gross Margin
NNDM
NNDM
VNDA
VNDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
43.1%
Q3 24
Q2 24
45.8%
Q1 24
Operating Margin
NNDM
NNDM
VNDA
VNDA
Q4 25
-70.5%
Q3 25
-55.6%
Q2 25
-73.2%
Q1 25
-82.0%
Q4 24
-155.1%
-19.3%
Q3 24
-23.1%
Q2 24
-20.1%
Q1 24
-19.5%
Net Margin
NNDM
NNDM
VNDA
VNDA
Q4 25
-246.8%
Q3 25
-40.1%
Q2 25
-51.7%
Q1 25
-58.9%
Q4 24
-171.1%
-9.2%
Q3 24
-11.2%
Q2 24
-279.4%
-9.0%
Q1 24
-8.7%
EPS (diluted)
NNDM
NNDM
VNDA
VNDA
Q4 25
$-2.40
Q3 25
$-0.38
Q2 25
$-0.46
Q1 25
$-0.50
Q4 24
$-0.45
$-0.09
Q3 24
$-0.09
Q2 24
$-0.35
$-0.08
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NNDM
NNDM
VNDA
VNDA
Cash + ST InvestmentsLiquidity on hand
$317.2M
$84.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$860.0M
$327.2M
Total Assets
$902.5M
$488.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNDM
NNDM
VNDA
VNDA
Q4 25
$84.9M
Q3 25
$70.0M
Q2 25
$81.0M
Q1 25
$111.8M
Q4 24
$317.2M
$102.3M
Q3 24
$100.5M
Q2 24
$231.8M
$103.0M
Q1 24
$125.2M
Stockholders' Equity
NNDM
NNDM
VNDA
VNDA
Q4 25
$327.2M
Q3 25
$466.0M
Q2 25
$486.3M
Q1 25
$511.4M
Q4 24
$860.0M
$538.5M
Q3 24
$541.2M
Q2 24
$870.3M
$542.5M
Q1 24
$544.0M
Total Assets
NNDM
NNDM
VNDA
VNDA
Q4 25
$488.9M
Q3 25
$601.1M
Q2 25
$624.7M
Q1 25
$631.9M
Q4 24
$902.5M
$656.2M
Q3 24
$645.1M
Q2 24
$911.0M
$651.4M
Q1 24
$652.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NNDM
NNDM
VNDA
VNDA
Operating Cash FlowLast quarter
$-18.9M
$-29.4M
Free Cash FlowOCF − Capex
$-21.1M
$-29.5M
FCF MarginFCF / Revenue
-36.5%
-51.6%
Capex IntensityCapex / Revenue
3.8%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-110.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNDM
NNDM
VNDA
VNDA
Q4 25
$-29.4M
Q3 25
$-31.6M
Q2 25
$-15.3M
Q1 25
$-33.1M
Q4 24
$-18.9M
$-1.8M
Q3 24
$-14.6M
Q2 24
$-30.7M
$-6.9M
Q1 24
$7.6M
Free Cash Flow
NNDM
NNDM
VNDA
VNDA
Q4 25
$-29.5M
Q3 25
$-31.8M
Q2 25
$-15.6M
Q1 25
$-33.6M
Q4 24
$-21.1M
$-2.0M
Q3 24
$-14.7M
Q2 24
$-7.0M
Q1 24
$7.6M
FCF Margin
NNDM
NNDM
VNDA
VNDA
Q4 25
-51.6%
Q3 25
-56.5%
Q2 25
-29.6%
Q1 25
-67.1%
Q4 24
-36.5%
-3.8%
Q3 24
-30.9%
Q2 24
-13.9%
Q1 24
15.9%
Capex Intensity
NNDM
NNDM
VNDA
VNDA
Q4 25
0.2%
Q3 25
0.3%
Q2 25
0.6%
Q1 25
0.9%
Q4 24
3.8%
0.4%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NNDM
NNDM

Segment breakdown not available.

VNDA
VNDA

Fanapt$33.2M58%
Hetlioz$16.4M29%
PONVORY$7.6M13%

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