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Companies / Health Care / Vivani Medical, Inc.
VANI

Vivani Medical, Inc.

Health CareElectromedical Apparatus
Ticker VANIALAMEDA, CAFiscal year ends DecemberBook value per share $0.23Diluted shares 84.2M

Vivani Medical, Inc. (Nasdaq: VANI) is a clinical-stage biopharmaceutical company developing miniature, long-acting subdermal drug implants using its proprietary NanoPortal technology, designed to provide sustained drug delivery for chronic diseases while allowing the implant to be removed. Its programs focus… From the company’s description.

In fiscal 2025, Vivani Medical, Inc. reported a net loss of $26.61M. Operations used $24.32M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-26.61MFY2025
−13.3% year over year
Last 12 mo $-26.31M
-169.16%FY2025
−35.8 percentage points
Last 12 mo -138.73%
Cash & financing
$-24.32MFY2025
−17.0% year over year
Last 12 mo $-25.30M
$-25.49MFY2025
−19.4% year over year
Last 12 mo $-26.50M
—
62.4MFY2025
+13.5% year over year
Last 12 mo 84.2M

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 Vivani Medical, Inc. does

In the company’s own words

Vivani Medical, Inc. (Nasdaq: VANI) is a clinical-stage biopharmaceutical company developing miniature, long-acting subdermal drug implants using its proprietary NanoPortal technology, designed to provide sustained drug delivery for chronic diseases while allowing the implant to be removed. Its programs focus primarily on GLP-1 medicines: NPM-139 and NPM-133 are semaglutide implants in development for chronic weight management and type 2 diabetes, respectively, while NPM-115 is an exenatide implant for weight management. OKV-119, an exenatide implant for companion cats and dogs, is being developed with Okava Pharmaceuticals, which is responsible for its clinical development, regulatory activities and potential commercialization. Vivani also owns Cortigent, which holds neurostimulation assets from legacy company Second Sight and is being considered for separation from Vivani. The company resulted from the 2022 combination of Second Sight and Nano Precision Medical, and its current priority is drug-implant development. Vivani reported no products approved for commercial sale and completed its first-in-human study of NPM-115 in 2025. Its website is www.vivani.com.

Company details
Sector
Health Care
Industry (SIC)
Electromedical Apparatus
Headquarters
ALAMEDA, CA
Fiscal year end
December
CIK
1266806
SIC
3845

Financial performance, year by year

Fiscal 2015–2025 · USD
$-39.50M$-26.29M$-13.07M$0.14M$13.35M20152016201720182019202020212022202320242025Last 12 moLast 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 Vivani Medical, Inc. — and what changed

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

10
funds hold it
0 of 35
superinvestors hold it
$3.02M
held by funds, at market
2.7%
of shares held by funds

Largest fund holders · Vivani Medical, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%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”.

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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