Source: Vir Biotechnology, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$2.71M
$10.67M
$8.09M
$76.37M
$1.10B
$1.62B
$86.18M
$74.20M
$68.56M
Cost of revenue
—
—
$0
$0
$65.86M
$146.32M
$2.77M
$845.00K
$26.00K
Gross profit
—
—
$8.09M
$76.37M
$1.03B
$1.47B
$83.42M
$73.36M
$68.53M
Research & development
$62.51M
$100.23M
$148.47M
$302.41M
$448.01M
$474.65M
$579.72M
$506.50M
$455.97M
Selling, general & admin
—
—
$37.60M
$70.94M
$160.79M
$161.76M
$174.44M
$119.03M
$92.07M
Operating income
-$81.50M
-$118.69M
-$177.98M
-$296.98M
$420.75M
$833.07M
-$684.30M
-$587.16M
-$479.33M
Pre-tax income
-$80.78M
-$116.36M
-$174.53M
-$298.61M
$549.80M
$754.28M
-$628.19M
-$523.11M
-$437.77M
Income tax
-$10.92M
-$480.00K
$154.00K
$54.00K
$21.22M
$238.44M
-$13.08M
-$1.15M
$217.00K
Net income
-$69.85M
-$115.88M
-$174.68M
-$298.67M
$528.58M
$515.84M
-$615.06M
-$521.96M
-$437.99M
EBITDA
-$81.24M
-$117.07M
-$174.69M
-$292.58M
$426.03M
$839.85M
-$664.85M
-$572.61M
-$467.65M
EPS (basic)
$-32.45
$-15.12
$-5.76
$-2.51
$4.07
$3.89
$-4.59
$-3.83
$-3.16
EPS (diluted)
$-32.45
$-15.12
$-5.76
$-2.51
$3.96
$3.83
$-4.59
$-3.83
$-3.16
Diluted shares
2.15M
7.67M
30.35M
119.16M
133.44M
134.81M
134.13M
136.25M
138.52M
Gross margin
—
—
100.0%
100.0%
94.0%
90.9%
96.8%
98.9%
100.0%
Operating margin
-3009.5%
-1112.6%
-2199.7%
-388.9%
38.4%
51.6%
-794.0%
-791.3%
-699.2%
Net margin
-2579.5%
-1086.3%
-2159.0%
-391.1%
48.3%
31.9%
-713.7%
-703.4%
-638.9%
Balance sheet
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$187.92M
$47.60M
$109.33M
$436.57M
$347.81M
$848.63M
$241.58M
$222.95M
$232.19M
Short-term investments
—
$50.84M
$274.10M
$300.29M
$217.18M
$1.52B
$1.27B
$678.05M
$228.75M
Receivables
—
—
—
$0
$773.08M
$0
—
—
—
Total current assets
—
$117.78M
$403.00M
$772.37M
$1.56B
$2.52B
$1.59B
$1.04B
$514.08M
Goodwill
—
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
Total assets
—
$191.60M
$512.07M
$918.76M
$1.95B
$2.80B
$1.92B
$1.40B
$1.00B
Total current liabilities
—
$39.91M
$59.21M
$99.06M
$341.24M
$511.03M
$175.41M
$119.66M
$92.81M
Total liabilities
—
$61.64M
$88.13M
$201.91M
$522.42M
$724.12M
$328.82M
$248.43M
$237.55M
Shareholders' equity
-$68.92M
-$179.18M
$423.94M
$716.85M
$1.43B
$2.08B
$1.59B
$1.15B
$765.28M
Cash flow
fiscal years · USD
Fiscal year
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
-$66.38M
-$94.10M
-$129.63M
-$190.94M
-$47.59M
$1.66B
-$778.78M
-$446.35M
-$391.78M
Capital expenditures
$2.74M
$8.19M
$8.94M
$6.55M
$21.82M
$68.01M
$21.57M
$7.30M
$4.83M
Free cash flow
-$69.12M
-$102.29M
-$138.57M
-$197.49M
-$69.41M
$1.60B
-$800.36M
-$453.65M
-$396.61M
Investing cash flow
-$29.99M
-$60.44M
-$256.16M
-$9.86M
-$140.81M
-$1.19B
$164.63M
$499.37M
$310.37M
Financing cash flow
$271.18M
$24.98M
$449.24M
$529.47M
$100.33M
$34.76M
$7.48M
$4.39M
$3.79M
Stock-based compensation
$4.78M
$5.05M
$8.72M
$27.60M
$83.78M
$102.08M
$111.32M
$78.46M
$49.07M
Depreciation & amortization
$255.00K
$1.62M
$3.29M
$4.40M
$5.28M
$6.78M
$19.45M
$14.56M
$11.68M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$16.79M
$56.38M
$3.08M
$2.38M
$12.37M
$3.03M
$1.21M
$240.00K
$64.07M
-$29.00K
$238.95M
-$188.00K
Cost of revenue
$798.00K
$59.00K
$52.00K
$50.00K
$684.00K
$0
$11.00K
—
—
—
$0
—
Gross profit
$15.99M
$56.32M
$3.02M
$2.33M
$11.69M
$3.03M
$1.20M
—
—
—
$238.95M
—
Research & development
$108.97M
$100.12M
$105.11M
$195.18M
$106.08M
$118.64M
$97.51M
$151.46M
$88.35M
$108.92M
$135.28M
$80.04M
Selling, general & admin
$41.22M
$36.32M
$30.27M
$25.74M
$26.70M
$23.94M
$22.28M
$22.23M
$23.62M
$23.34M
$30.20M
$24.43M
Operating income
-$139.02M
-$80.08M
-$158.63M
-$231.30M
-$117.15M
-$139.55M
-$118.42M
-$173.44M
-$47.92M
-$132.29M
$73.47M
-$104.66M
Pre-tax income
-$120.76M
-$65.00M
-$139.89M
-$213.54M
-$104.67M
-$120.95M
-$110.79M
-$162.97M
-$43.06M
-$125.53M
$80.26M
-$96.39M
Income tax
-$4.78M
$276.00K
-$1.51M
$177.00K
-$86.00K
$16.00K
$170.00K
$168.00K
-$137.00K
$170.00K
$179.00K
-$143.00K
Net income
-$115.97M
-$65.28M
-$138.38M
-$213.72M
-$104.59M
-$120.97M
-$110.96M
-$163.14M
-$42.92M
-$125.69M
$80.08M
-$96.25M
EBITDA
-$134.54M
-$75.56M
-$154.37M
-$228.41M
-$114.26M
-$136.68M
-$115.50M
-$170.44M
-$45.02M
-$129.48M
$76.27M
-$101.89M
EPS (basic)
$-0.86
$-0.48
$-1.02
$-1.56
$-0.76
$-0.88
$-0.80
$-1.17
$-0.30
$-0.85
$0.48
$-0.57
EPS (diluted)
$-0.86
$-0.48
$-1.02
$-1.56
$-0.76
$-0.88
$-0.80
$-1.17
$-0.30
$-0.85
$0.47
$-0.57
Diluted shares
161.05K
135.28M
136.22M
136.65M
188.64K
137.47M
138.45M
138.93M
232.89K
147.36M
168.88M
169.28M
Gross margin
95.2%
99.9%
98.3%
97.9%
94.5%
100.0%
99.1%
—
—
—
100.0%
—
Operating margin
-828.1%
-142.0%
-5158.7%
-9718.7%
-946.7%
-4602.5%
-9754.3%
-72267.9%
-74.8%
456172.4%
30.7%
55669.1%
Net margin
-690.9%
-115.8%
-4500.1%
-8979.7%
-845.2%
-3989.6%
-9139.9%
-67975.4%
-67.0%
433431.0%
33.5%
51197.9%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$241.58M
$160.71M
$296.86M
$168.35M
$222.95M
$273.57M
$211.10M
$170.08M
$232.19M
$274.16M
$278.73M
$218.87M
Short-term investments
$1.27B
$985.12M
$849.83M
$740.61M
$678.05M
$517.37M
$387.64M
$327.75M
$228.75M
$196.28M
$249.86M
$235.77M
Total current assets
$1.59B
$1.21B
$1.21B
$1.05B
$1.04B
$932.21M
$735.71M
$545.68M
$514.08M
$522.99M
$573.74M
$508.27M
Goodwill
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
$16.94M
Total assets
$1.92B
$1.79B
$1.67B
$1.50B
$1.40B
$1.31B
$1.19B
$1.02B
$1.00B
$1.03B
$1.21B
$1.11B
Total current liabilities
$175.41M
$94.07M
$96.41M
$117.16M
$119.66M
$137.29M
$105.00M
$75.22M
$92.81M
$73.56M
$94.96M
$80.66M
Total liabilities
$328.82M
$246.61M
$235.88M
$257.63M
$248.43M
$263.91M
$245.06M
$223.35M
$237.55M
$212.82M
$232.31M
$215.82M
Shareholders' equity
$1.59B
$1.55B
$1.43B
$1.24B
$1.15B
$1.04B
$947.47M
$796.10M
$765.28M
$812.76M
$982.49M
$896.04M
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
-$107.93M
-$109.39M
-$77.85M
-$171.48M
-$87.64M
-$78.12M
-$120.22M
-$167.57M
-$25.88M
-$132.39M
$123.33M
-$106.08M
Capital expenditures
$1.53M
$1.87M
$666.00K
$2.77M
$2.00M
$1.63M
$2.54M
$317.00K
$348.00K
$390.00K
$32.00K
$34.00K
Free cash flow
-$109.46M
-$111.26M
-$78.51M
-$174.25M
-$89.63M
-$79.75M
-$122.76M
-$167.89M
-$26.22M
-$132.78M
$123.29M
-$106.11M
Investing cash flow
-$104.81M
$28.42M
$211.61M
$118.60M
$140.74M
$126.82M
$56.46M
$40.45M
$86.65M
$11.84M
-$197.14M
$44.56M
Financing cash flow
$1.68M
$152.00K
$2.94M
$31.00K
$1.26M
$598.00K
$2.05M
$102.00K
$1.04M
$162.52M
$78.38M
$1.63M
Stock-based compensation
$28.27M
$23.76M
$22.16M
$16.70M
$15.84M
$14.06M
$12.45M
$11.36M
$11.21M
$12.09M
$12.39M
$10.46M
Depreciation & amortization
$4.48M
$4.52M
$4.26M
$2.90M
$2.89M
$2.87M
$2.92M
$3.00M
$2.90M
$2.81M
$2.80M
$2.77M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.