It recorded a net loss of $8.9 million. Over the twelve months ended Sep 30, 2025, revenue was $482,000 and the net loss was $7.5 million.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2025
Sep 30, 2025
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
|---|---|---|---|---|---|
| Revenue |
0
-49.6%
|
—
|
1
-33.7%
|
1
-36.1%
|
2
|
| Cost of revenue |
1
+7.2%
|
—
|
1
-12.5%
|
1
-42.3%
|
2
|
| Gross profit |
-0
-213.8%
|
—
|
0
-99.3%
|
0
-4.0%
|
0
|
| Research and development |
2
+62.8%
|
3
+138.5%
|
1
-20.7%
|
2
-4.3%
|
2
|
| Selling, general and administrative |
5
-7.2%
|
5
+9.6%
|
4
-36.7%
|
7
-20.7%
|
9
|
| Operating income |
-6
+3.1%
|
-8
-76.5%
|
-4
+45.7%
|
-8
+18.4%
|
-10
|
| Pretax income |
—
|
—
|
—
|
-8
|
—
|
| Income tax |
—
|
0
|
—
|
—
|
—
|
| Net income |
-8
-16.9%
|
-9
-57.0%
|
-6
+31.4%
|
-8
+18.3%
|
-10
|
| Basic EPS |
-9.26
-129.4%
|
-7.84
+60.2%
|
-19.68
+88.9%
|
-176.80
-69.5%
|
-104.32
|
| Diluted EPS |
—
|
—
|
-19.68
+88.9%
|
-176.80
-69.5%
|
-104.32
|
| Weighted average shares, basic |
1
+497.4%
|
1
+302.1%
|
0
+516.0%
|
0
-51.8%
|
0
|
| Weighted average shares, diluted |
—
|
—
|
0
+516.0%
|
0
-51.8%
|
0
|
| Other measures | |||||
| Depreciation and amortization |
0
-60.0%
|
0
+66.7%
|
0
-62.5%
|
0
-20.0%
|
0
|
| EBITDA |
-6
+3.1%
|
-8
-76.5%
|
-4
+45.7%
|
-8
+18.3%
|
-10
|
| Interest coverage |
—
|
-54.10x
|
—
|
—
|
—
|
| Margins | |||||
| Gross margin |
-58.09%
|
—
|
0.26%
|
24.40%
|
16.25%
|
| Operating margin |
-1,290.66%
|
—
|
-573.85%
|
-701.11%
|
-548.80%
|
| Pretax margin |
—
|
—
|
—
|
-701.02%
|
—
|
| Profit margin |
-1,557.26%
|
—
|
-725.00%
|
-701.02%
|
-548.70%
|
| EBITDA margin |
-1,290.25%
|
—
|
-573.46%
|
-700.43%
|
-548.26%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Pharmaceutical Preparations (SIC 2834)
- Listed as
- VBIO (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- San Antonio, TX
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1787740
- Former names
- Tivic Health Systems, Inc. (until Apr 23, 2026)
Other Pharmaceutical Preparations companies
- ELI LILLY & Co LLY
- Johnson & Johnson JNJ
- AbbVie Inc. ABBV
- Merck & Co., Inc. MRK
- Novartis AG NVS
- Astrazeneca PLC AZN
- Abbott Laboratories ABT
- Novo Nordisk A S NVO
Source: SEC EDGAR filings. This is company-reported data, not investment advice.