Viridian Therapeutics, Inc.\DE (VRDN)
Viridian Therapeutics, Inc. is a biotechnology firm committed to creating therapies for patients afflicted by serious illnesses. Its primary development efforts include VRDN-001, a humanized monoclonal anti-IGF-1R antibody currently advancing through Phase 1/2 clinical trials for thyroid eye disease (TED). The company's portfolio also features VRDN-002, an IGF-1R antibody undergoing Phase 1 clinical evaluation, alongside VRDN-003, a therapeutic antibody also designed to target IGF-1R for TED. Established in 2006, this Waltham, Massachusetts-based firm previously operated as Miragen Therapeutics, Inc., before changing its name to Viridian Therapeutics, Inc. in January 2021.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Viridian Therapeutics, Inc.
NASDAQ:VRDNHealthcare · Biotechnology
-0.52%$24.67
AH$25.20+2.15%vs close
Mkt Cap$2.79B
Float97.43M
O/S113.29M
Vol
$ Vol
RVOL
Inst Own-
SI18.5%
Earnings
Dilution
Financials Summary
Revenue$70.85M
Net Income-$342.6M
Total Assets$899.42M
Free Cash Flow-$276.89M
Debt & Equity
Debt 6%
Equity 80%
Preferred 15%
Total Debt$50.69M
Total Equity$722.17M
Preferred Stock$132.06M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
- 1:15Reverse splitNov 13, 202015 shares → 1
- 1:15Reverse splitNov 7, 201615 shares → 1
Balance Sheet Details
Assets$899.42M
Liabilities$177.25M
Accounts Receivable$0
Accounts Payable$8.68M
Inventory$0
PP&E (Net)$3.65M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $70.85M | $302K | $314K | $1.77M | $2.96M | $1.05M | $4.46M | $8.39M | $4M | $3.34M | $2.54M | $4.32M | $4.32M | $4.41M |
| YoY Growth | 23359.9% | -3.8% | -82.3% | -40.2% | 182.2% | -76.5% | -46.8% | 109.5% | 20.0% | 31.5% | -41.3% | 0.1% | -2.0% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $28.3M | $0 | $30.42M | $19.62M | $2.55M | $2.47M | $3.24M | $2.5M | $3.04M |
| Gross Profit | $70.85M | $302K | $314K | $1.77M | $2.96M | -$27.25M | $4.46M | -$22.04M | -$15.62M | $789K | $66K | $1.08M | $1.82M | $1.36M |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | -2595.6% | 100.0% | -262.8% | -390.2% | 23.6% | 2.6% | 24.9% | 42.1% | 31.0% |
| Research and Development | $338.93M | $238.25M | $159.76M | $100.89M | $56.89M | $28.3M | $34.79M | $30.42M | $19.62M | $888K | $1M | $293K | $97K | $225K |
| Selling, General, and Administrative | $95.31M | $61.08M | $95M | $35.18M | $25.8M | $13.27M | $11.65M | $11.05M | $10.91M | $9.57M | $10.25M | $7.75M | $2.17M | $4.23M |
| Other | $0 | $0 | $0 | $0 | $0 | $41.56M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $434.24M | $299.34M | $254.76M | $136.08M | $82.69M | $83.13M | $46.44M | $41.47M | $30.54M | $10.46M | $11.25M | $8.04M | $2.26M | $4.46M |
| Operating Income (EBIT) | -$363.39M | -$299.04M | -$254.45M | -$134.3M | -$79.73M | -$110.38M | -$41.98M | -$33.08M | -$26.53M | -$12.51M | -$11.19M | -$6.87M | -$196K | -$4.03M |
| Operating Margin | -512.9% | -99018.2% | -81035.0% | -7579.2% | -2690.8% | -10512.4% | -941.0% | -394.5% | -662.8% | -374.8% | -440.8% | -159.0% | -4.5% | -91.4% |
| Interest Expense | $4.95M | $3.05M | $1.85M | $486K | $3K | $508K | $835K | $873K | $383K | $95K | $141K | $1.02M | $1.96M | $1.59M |
| Interest Income | $27.4M | $32.13M | $18.56M | $4.92M | $318K | $173K | $941K | $1.25M | $403K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $20.79M | $29.09M | $16.72M | $4.43M | $315K | -$335K | $106K | $381K | $20K | -$166K | -$141K | -$1.02M | -$1.71M | -$1.59M |
| Income Before Tax (EBT) | -$342.6M | -$269.95M | -$237.73M | -$129.87M | -$79.41M | -$110.72M | -$41.87M | -$32.7M | -$26.51M | -$12.67M | -$11.33M | -$7.89M | -$2.16M | -$5.62M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $95K | $95K | $0 | $0 | $1.96M | $0 |
| Net Income | -$342.6M | -$269.95M | -$237.73M | -$129.87M | -$79.41M | -$110.72M | -$41.87M | -$32.7M | -$26.51M | -$12.67M | -$11.33M | -$7.89M | -$2.16M | -$7.21M |
| Net Income Margin | -483.6% | -89387.1% | -75711.5% | -7329.2% | -2680.2% | -10544.3% | -938.6% | -390.0% | -662.3% | -379.8% | -446.3% | -182.6% | -50.0% | -163.7% |
| Supplementary Data | ||||||||||||||
| EPS | -3.32 | -3.98 | -5.31 | -3.91 | -6.66 | -31.20 | -20.31 | -16.57 | -20.66 | -17.57 | -21.00 | -52.46 | -11.48 | -38.75 |
| Diluted EPS | -3.32 | -3.98 | -5.31 | -3.91 | -6.66 | -31.20 | -20.31 | -16.57 | -20.66 | -17.57 | -21.00 | -52.46 | -11.48 | -38.75 |
| Weighted Average OS | 84.80M | 67.89M | 44.76M | 32.09M | 11.92M | 3.56M | 2.09M | 1.97M | 1.28M | 721,410 | 539,445 | 150,390 | 188,115 | 186,090 |
| EBITDA | -$337.19M | -$266.36M | -$235.37M | -$129.13M | -$79.29M | -$40.28M | -$40.75M | -$31.55M | -$25.82M | -$12.24M | -$11M | -$6.72M | -$48K | -$3.88M |
| EBITDA Margin | -475.9% | -88199.7% | -74957.0% | -7287.4% | -2676.0% | -3836.2% | -913.5% | -376.2% | -645.0% | -366.7% | -433.5% | -155.6% | -1.1% | -88.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $212.38M | $99.59M | $102.83M | $155.58M | $42.3M | $45.9M | $24.85M | $32.61M | $47.44M | $3.34M | $10.83M | $5.12M | $209K | $113K |
| Short-Term Investments | $662.27M | $617.99M | $374.54M | $268.97M | $154.67M | $81.74M | $2M | $29.88M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $874.65M | $717.58M | $477.37M | $424.55M | $196.97M | $127.64M | $26.84M | $62.48M | $47.44M | $3.34M | $10.83M | $5.12M | $209K | $113K |
| Accounts Receivable | $0 | $0 | $102K | $102K | $451K | $0 | $108K | $24K | $1.46M | $524K | $394K | $1.09M | $994K | $1.2M |
| Inventory | $0 | $0 | $0 | -$6.62M | $0 | $0 | $0 | $0 | $0 | $64K | $187K | $179K | $357K | $170K |
| Other Current Assets | $19.58M | $20.88M | $9.01M | $6.52M | $100K | $0 | -$108K | $2.87M | $2.97M | $170K | $321K | $0 | $50K | $56K |
| Total Current Assets | $894.23M | $738.46M | $486.48M | $424.55M | $200.16M | $129.61M | $29.74M | $65.37M | $51.87M | $4.26M | $11.73M | $6.79M | $2.05M | $1.66M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $3.65M | $3.44M | $3.34M | $2.94M | $2.06M | $787K | $523K | $727K | $563K | $625K | $1.15M | $1.21M | $928K | $1.07M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.54M | $501K | $604K | $7.61M | $1.49M | $857K | $0 | $50K | $50K | $258K | $15K | $90K | $690K | $46K |
| Total Long-Term Assets | $5.18M | $3.94M | $3.95M | $10.54M | $3.55M | $1.64M | $523K | $777K | $613K | $883K | $1.17M | $1.3M | $1.62M | $1.12M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$883K | $0 | $0 | $0 | $0 |
| Total Assets | $899.42M | $742.4M | $490.42M | $435.09M | $203.71M | $131.25M | $30.26M | $66.15M | $52.48M | $4.26M | $12.9M | $8.09M | $3.67M | $2.78M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $8.68M | $2.14M | $2.24M | $14.23M | $2.33M | $670K | $1.1M | $571K | $906K | $159K | $242K | $255K | $100K | $27K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $3.98M | $2.29M | $0 | $0 | $1.1M | $80K | $697K | $22.59M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $76K | $0 |
| Current Unearned Revenue | $367K | $288K | $288K | $288K | $289K | $301K | $0 | $3.79M | $0 | $3.38M | $1.02M | $0 | $76K | $788K |
| Other Current Liabilities | $19.66M | $10.74M | $12.75M | $4.87M | $3.75M | $7.29M | $674K | $239K | $353K | $1.17M | $295K | $1.4M | $194K | $200K |
| Total Current Liabilities | $70.7M | $47.87M | $26.64M | $33.35M | $13.64M | $10.67M | $10.18M | $6.73M | $3.9M | $4.58M | $2.47M | $1.99M | $1.39M | $23.6M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $49.94M | $20.58M | $20.2M | $4.64M | $0 | $0 | $4.33M | $8M | $9.92M | $2.82M | $0 | $0 | $0 | $42K |
| Long-Term Unearned Revenue | $34.24M | $284K | $573K | $861K | $1.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $22.37M | $2.02M | $989K | $1.17M | $688K | $544K | $0 | $66K | $152K | $0 | $24K | $109K | $259K | $579K |
| Total Long-Term Liabilities | $106.56M | $22.89M | $21.77M | $6.68M | $2.36M | $544K | $4.33M | $8.07M | $10.07M | $2.82M | $24K | $109K | $259K | $621K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.82M | $0 | $0 | $0 | $0 |
| Total Liabilities | $177.25M | $70.76M | $48.4M | $40.03M | $15.99M | $11.22M | $14.51M | $14.8M | $13.97M | $4.58M | $2.49M | $2.1M | $1.65M | $24.22M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $132.06M | $188.88M | $206.52M | $142.15M | $133.83M | $180.8M | $0 | $0 | $0 | $76.98M | $60.85M | $36.06M | $0 | $0 |
| Common Stock | $1.02M | $810K | $540K | $414K | $239K | $42K | $23K | $308K | $226K | $7K | $106K | $38K | $28K | $0 |
| Retained Earnings | -$1.34B | -$995.86M | -$725.91M | -$488.17M | -$358.3M | -$278.89M | -$168.17M | -$126.3M | -$93.59M | -$30.64M | -$17.97M | -$6.64M | -$25.89M | -$21.44M |
| Comprehensive Income & Other | $447K | -$10K | $338K | -$390K | -$157K | -$8K | $0 | -$3K | -$2.83M | -$0 | -$739K | -$555K | -$411K | -$263K |
| Other Stockholders' Equity | $2.06B | $1.67B | $1.17B | $882.82M | $545.78M | $398.88M | $183.9M | $177.33M | $131.88M | $30.31M | $28.27M | $12.59M | $27.89M | $0 |
| Total Equity | $722.17M | $671.64M | $442.02M | $395.06M | $187.72M | $120.04M | $15.75M | $51.34M | $38.51M | -$326K | $10.41M | $5.99M | $2.03M | -$21.44M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $899.42M | $742.4M | $490.42M | $435.09M | $203.71M | $131.25M | $30.26M | $66.15M | $52.48M | $4.26M | $12.9M | $8.09M | $3.67M | $2.78M |
| Supplementary Data | ||||||||||||||
| Total Debt | $50.69M | $21.09M | $21.05M | $5.26M | $1.04M | $455K | $8.3M | $10.3M | $9.92M | $1.04M | $1.1M | $80K | $697K | $22.63M |
| Net Debt | -$161.69M | -$78.5M | -$81.78M | -$150.32M | -$41.26M | -$45.44M | -$16.54M | -$22.31M | -$37.52M | -$2.3M | -$9.73M | -$5.04M | $488K | $22.52M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$342.6M | -$269.95M | -$237.73M | -$129.87M | -$79.41M | -$110.72M | -$41.87M | -$32.7M | -$26.51M | -$12.67M | -$11.33M | -$7.89M | -$2.16M | -$5.62M |
| Depreciation & Amortization | $460K | $540K | $522K | $255K | $120K | $239K | $288K | $281K | $308K | $341K | $184K | $144K | $148K | $144K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $56K | -$432K | -$416K | $0 | $868K | $0 | $177K | $0 | -$1.64M |
| Stock-Based Compensation | $44.3M | $42.15M | $67.17M | $19.77M | $14.46M | $3.65M | $3.97M | $3.68M | $2.41M | $2.11M | $3.02M | $4.3M | $0 | $8K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $102K | $0 | $349K | -$451K | $99K | -$84K | $1.43M | -$1.44M | -$130K | $694K | -$271K | $202K | -$370K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$57.8M | -$50.9M | $123K | -$8K | $178K | -$187K | $166K |
| Accounts Payable | $6.56M | -$73K | -$12.04M | $11.52M | $1.66M | -$426K | $525K | -$335K | -$101K | $2.03M | $633K | $383K | -$280K | -$1.29M |
| Other Working Capital | $16.47M | $9.57M | $2.62M | $4.09M | $520K | $4.75M | $1.21M | $58.64M | $47.97M | $161K | -$220K | -$185K | -$384K | -$110K |
| Total Working Capital Change | $23.03M | $9.6M | -$9.43M | $15.96M | $1.72M | $4.43M | $1.65M | $1.94M | -$4.47M | $2.18M | $1.1M | $105K | -$649K | -$1.61M |
| Other Non-Cash Items | -$1.58M | -$14.66M | -$4.71M | $54K | $8.52M | $72.57M | $340K | $376K | $94K | -$59K | $132K | $953K | $1.49M | $2.49M |
| Net Cash from Operating | -$276.39M | -$232.32M | -$184.17M | -$93.84M | -$54.58M | -$29.78M | -$36.06M | -$26.84M | -$28.17M | -$7.23M | -$6.9M | -$2.21M | -$1.17M | -$6.22M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$495K | -$511K | -$898K | -$797K | -$338K | -$42K | -$84K | -$445K | -$246K | -$3K | -$123K | -$266K | -$5K | -$107K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $29.37M | -$28.31M | $0 | $1.28M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$579.28M | -$695.07M | -$407.88M | -$223.26M | -$188.43M | -$81.81M | -$32.69M | -$62.46M | $0 | -$1M | $0 | $0 | $0 | $0 |
| Sales of Investments | $542.21M | $466.93M | $314.53M | $108.94M | $114.4M | $2M | $61M | $33M | $0 | $1M | $50K | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $79K | -$3K | $28.31M | -$29.46M | $1.28M | $0 | $28K | -$8K | $10K | -$13K |
| Net Cash from Investing | -$37.56M | -$228.65M | -$94.25M | -$115.13M | -$74.29M | -$50.48M | $28.23M | -$29.91M | $1.03M | -$3K | -$95K | -$274K | $6K | -$119K |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$28.88M | - | -$15M | -$5M | - | $8.57M | $2.33M | - | -$5.33M | $84K | $76K | -$753K | -$2.04M | -$6.58M |
| Common Stock Issuance | $348.33M | $453.66M | $125.07M | $291.87M | $114.24M | $25.1M | $2.48M | $44.53M | $48.56M | $0 | $13.1M | $6.64M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$173K | -$363K | $0 | -$500K | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$285K | -$720K |
| Other Financing Activities | $49.54M | -$20.92M | $9.41M | -$18.63M | -$5.93M | -$6.22M | $0 | -$2.61M | -$1.43M | $76K | $50K | $0 | -$78 | -$50K |
| Net Cash from Financing | $426.74M | $457.74M | $225.67M | $322.24M | $125.28M | $101.31M | $70K | $41.92M | $52.47M | -$257K | $12.71M | $7.4M | $1.26M | $5.81M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $112.79M | -$3.23M | -$52.75M | $113.28M | -$3.6M | $21.05M | -$7.76M | -$14.84M | $25.34M | -$7.49M | $5.71M | $4.91M | $97K | -$539K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$276.39M | -$232.32M | -$184.17M | -$93.84M | -$54.58M | -$29.78M | -$36.06M | -$26.84M | -$28.17M | -$7.23M | -$6.9M | -$2.21M | -$1.17M | -$6.22M |
| Capital Expenditure | -$495K | -$511K | -$898K | -$797K | -$338K | -$42K | -$84K | -$445K | -$246K | -$3K | -$123K | -$266K | -$5K | -$107K |
| Free Cash Flow | -$276.89M | -$232.83M | -$185.07M | -$94.64M | -$54.92M | -$29.82M | -$36.14M | -$27.29M | -$28.41M | -$7.23M | -$7.02M | -$2.48M | -$1.17M | -$6.33M |
| Cash at Beginning | $99.59M | $102.83M | $155.58M | $42.3M | $45.9M | $24.85M | $32.61M | $47.44M | $22.1M | $10.83M | $5.12M | $209K | $113K | $651K |
| Cash at End | $212.38M | $99.59M | $102.83M | $155.58M | $42.3M | $45.9M | $24.85M | $32.61M | $47.44M | $3.34M | $10.83M | $5.12M | $209K | $113K |