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Companies / Health Care / Vistagen Therapeutics, Inc.
VTGN

Vistagen Therapeutics, Inc.

Health CarePharmaceutical Preparations
Ticker VTGNSOUTH SAN FRANCISCO, CAFiscal year ends MarchBook value per share $0.57Diluted shares 43.0M

Vistagen Therapeutics, Inc. (Nasdaq: VTGN) is a clinical-stage therapeutics company developing medicines for social anxiety disorder, depression, menopausal hot flashes, psychomotor impairment due to mental fatigue, and cancer cachexia. Its neuroscience pipeline includes five intranasal pherine candidates: fasedienol… From the company’s description.

Over the twelve months to Jun 30, 2026, Vistagen Therapeutics, Inc. reported revenue of $2.50M, up 287.2% from a year earlier, and a net loss of $67.62M. Operations used $62.30M in cash. In fiscal 2025, it reported revenue of $1.27M, up 161.1% from fiscal 2024, and a net loss of $69.69M.

Fiscal year 2025 · ends 03-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.27MFY2025
+161.1% year over year
Last 12 mo $2.50M
-5683.69%FY2025
+5833.4 percentage points
Last 12 mo -2785.69%
$-69.69MFY2025
−35.5% year over year
Last 12 mo $-67.62M
-196.19%FY2025
−123.1 percentage points
Last 12 mo -276.21%
Cash & financing
$-66.44MFY2025
−57.8% year over year
Last 12 mo $-62.30M
$-66.59MFY2025
−57.5% year over year
Last 12 mo $-62.38M
0.00FY2025
Last 12 mo 0.00
38.1MFY2025
+23.3% year over year
Last 12 mo 43.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Vistagen Therapeutics, Inc. does

In the company’s own words

Vistagen Therapeutics, Inc. (Nasdaq: VTGN) is a clinical-stage therapeutics company developing medicines for social anxiety disorder, depression, menopausal hot flashes, psychomotor impairment due to mental fatigue, and cancer cachexia. Its neuroscience pipeline includes five intranasal pherine candidates: fasedienol for acute social anxiety disorder, itruvone for major depressive disorder, refisolone for menopausal vasomotor symptoms, PH15 for mental-fatigue-related impairment, and PH284 for cancer cachexia. The candidates are designed to act through nasal sensory receptors and neural circuits; Vistagen also holds AV-101, an oral candidate targeting NMDAR-related disorders. The company’s most advanced program, fasedienol, is in Phase 3 development, while its other candidates are in earlier clinical development or under evaluation for further development. Vistagen licenses fasedienol development and commercialization rights in parts of Asia to AffaMed Therapeutics and retains rights elsewhere. In fiscal 2026, the company reported no commercial product sales and focused on research and development. Its website is www.vistagen.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
SOUTH SAN FRANCISCO, CA
Fiscal year end
March
CIK
1411685
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-76.90M$-55.25M$-33.59M$-11.94M$9.72M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Vistagen Therapeutics, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

10
funds hold it
0 of 35
superinvestors hold it
$0.69M
held by funds, at market
5.4%
of shares held by funds

Largest fund holders · Vistagen Therapeutics, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
AdvisorShares Psychedelics ETF
PSIL · AdvisorShares Trust
0.22%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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