vs

Side-by-side financial comparison of Vanda Pharmaceuticals Inc. (VNDA) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $57.2M, roughly 2.0× Vanda Pharmaceuticals Inc.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -246.8%, a 246.0% gap on every dollar of revenue. On growth, Vanda Pharmaceuticals Inc. posted the faster year-over-year revenue change (7.6% vs 0.6%). ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M vs $-29.5M). Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% CAGR vs -4.4%).

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.

VNDA vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
2.0× larger
ZIP
$111.7M
$57.2M
VNDA
Growing faster (revenue YoY)
VNDA
VNDA
+7.0% gap
VNDA
7.6%
0.6%
ZIP
Higher net margin
ZIP
ZIP
246.0% more per $
ZIP
-0.7%
-246.8%
VNDA
More free cash flow
ZIP
ZIP
$37.1M more FCF
ZIP
$7.6M
$-29.5M
VNDA
Faster 2-yr revenue CAGR
VNDA
VNDA
Annualised
VNDA
9.8%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VNDA
VNDA
ZIP
ZIP
Revenue
$57.2M
$111.7M
Net Profit
$-141.2M
$-835.0K
Gross Margin
89.1%
Operating Margin
-70.5%
3.6%
Net Margin
-246.8%
-0.7%
Revenue YoY
7.6%
0.6%
Net Profit YoY
-2774.3%
92.3%
EPS (diluted)
$-2.40
$-0.03

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
VNDA
VNDA
ZIP
ZIP
Q4 25
$57.2M
$111.7M
Q3 25
$56.3M
$115.0M
Q2 25
$52.6M
$112.2M
Q1 25
$50.0M
$110.1M
Q4 24
$53.2M
$111.0M
Q3 24
$47.7M
$117.1M
Q2 24
$50.5M
$123.7M
Q1 24
$47.5M
$122.2M
Net Profit
VNDA
VNDA
ZIP
ZIP
Q4 25
$-141.2M
$-835.0K
Q3 25
$-22.6M
$-9.8M
Q2 25
$-27.2M
$-9.5M
Q1 25
$-29.5M
$-12.8M
Q4 24
$-4.9M
$-10.8M
Q3 24
$-5.3M
$-2.6M
Q2 24
$-4.5M
$7.0M
Q1 24
$-4.1M
$-6.5M
Gross Margin
VNDA
VNDA
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
VNDA
VNDA
ZIP
ZIP
Q4 25
-70.5%
3.6%
Q3 25
-55.6%
-4.4%
Q2 25
-73.2%
-5.9%
Q1 25
-82.0%
-10.6%
Q4 24
-19.3%
-3.6%
Q3 24
-23.1%
-2.8%
Q2 24
-20.1%
7.6%
Q1 24
-19.5%
-0.7%
Net Margin
VNDA
VNDA
ZIP
ZIP
Q4 25
-246.8%
-0.7%
Q3 25
-40.1%
-8.5%
Q2 25
-51.7%
-8.5%
Q1 25
-58.9%
-11.7%
Q4 24
-9.2%
-9.7%
Q3 24
-11.2%
-2.2%
Q2 24
-9.0%
5.7%
Q1 24
-8.7%
-5.3%
EPS (diluted)
VNDA
VNDA
ZIP
ZIP
Q4 25
$-2.40
$-0.03
Q3 25
$-0.38
$-0.11
Q2 25
$-0.46
$-0.10
Q1 25
$-0.50
$-0.13
Q4 24
$-0.09
$-0.10
Q3 24
$-0.09
$-0.03
Q2 24
$-0.08
$0.07
Q1 24
$-0.07
$-0.07

Balance Sheet & Financial Strength

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

Metric
VNDA
VNDA
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$84.9M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$327.2M
$-77.2M
Total Assets
$488.9M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNDA
VNDA
ZIP
ZIP
Q4 25
$84.9M
$188.0M
Q3 25
$70.0M
$211.8M
Q2 25
$81.0M
$203.5M
Q1 25
$111.8M
$221.1M
Q4 24
$102.3M
$218.4M
Q3 24
$100.5M
$225.6M
Q2 24
$103.0M
$271.7M
Q1 24
$125.2M
$282.5M
Stockholders' Equity
VNDA
VNDA
ZIP
ZIP
Q4 25
$327.2M
$-77.2M
Q3 25
$466.0M
$-76.1M
Q2 25
$486.3M
$-65.9M
Q1 25
$511.4M
$-11.3M
Q4 24
$538.5M
$13.4M
Q3 24
$541.2M
$13.6M
Q2 24
$542.5M
$24.4M
Q1 24
$544.0M
$12.7M
Total Assets
VNDA
VNDA
ZIP
ZIP
Q4 25
$488.9M
$569.7M
Q3 25
$601.1M
$573.6M
Q2 25
$624.7M
$592.4M
Q1 25
$631.9M
$629.4M
Q4 24
$656.2M
$664.1M
Q3 24
$645.1M
$652.0M
Q2 24
$651.4M
$665.3M
Q1 24
$652.7M
$662.4M

Cash Flow & Capital Efficiency

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

Metric
VNDA
VNDA
ZIP
ZIP
Operating Cash FlowLast quarter
$-29.4M
$7.7M
Free Cash FlowOCF − Capex
$-29.5M
$7.6M
FCF MarginFCF / Revenue
-51.6%
6.8%
Capex IntensityCapex / Revenue
0.2%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-110.4M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VNDA
VNDA
ZIP
ZIP
Q4 25
$-29.4M
$7.7M
Q3 25
$-31.6M
$2.6M
Q2 25
$-15.3M
$10.5M
Q1 25
$-33.1M
$-9.9M
Q4 24
$-1.8M
$12.5M
Q3 24
$-14.6M
$9.3M
Q2 24
$-6.9M
$21.9M
Q1 24
$7.6M
$2.0M
Free Cash Flow
VNDA
VNDA
ZIP
ZIP
Q4 25
$-29.5M
$7.6M
Q3 25
$-31.8M
$2.2M
Q2 25
$-15.6M
$10.2M
Q1 25
$-33.6M
$-10.2M
Q4 24
$-2.0M
$12.0M
Q3 24
$-14.7M
$9.2M
Q2 24
$-7.0M
$21.7M
Q1 24
$7.6M
$1.9M
FCF Margin
VNDA
VNDA
ZIP
ZIP
Q4 25
-51.6%
6.8%
Q3 25
-56.5%
1.9%
Q2 25
-29.6%
9.1%
Q1 25
-67.1%
-9.3%
Q4 24
-3.8%
10.8%
Q3 24
-30.9%
7.8%
Q2 24
-13.9%
17.6%
Q1 24
15.9%
1.6%
Capex Intensity
VNDA
VNDA
ZIP
ZIP
Q4 25
0.2%
0.1%
Q3 25
0.3%
0.3%
Q2 25
0.6%
0.3%
Q1 25
0.9%
0.3%
Q4 24
0.4%
0.4%
Q3 24
0.3%
0.2%
Q2 24
0.2%
0.1%
Q1 24
0.0%
0.1%
Cash Conversion
VNDA
VNDA
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

VNDA
VNDA

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

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

Related Comparisons