Roivant reports fiscal Q1 net income of $57.5 million, revenue rises to $55.1 million
Roivant reported results for the fiscal quarter ended June 30, 2024, with revenue of $55.1 million, up from $21.6 million a year earlier, and net income of $57.5 million compared with a net loss of $327.8 million. The profit includes a $110.4 million gain on the sale of Telavant net assets, and the company's non-GAAP net loss was $131.2 million, narrower than $211.5 million a year earlier.
Key points
- Revenue, net was $55.1 million versus $21.6 million a year earlier; product revenue, net was $18.4 million
- Net income was $57.5 million, or $0.13 basic and $0.12 diluted per share, versus a net loss of $0.38 per share a year earlier
- Gain on sale of Telavant net assets of $110.4 million; non-GAAP net loss was $131.2 million versus $211.5 million
- Cash, cash equivalents and restricted cash were approximately $5.7 billion at June 30, 2024, after a $648 million share repurchase announced in April 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.