Arbutus Biopharma Corp income statement
In fiscal 2025, Arbutus Biopharma Corp reported revenue of $14.1m, up 128.2% on the year before, operating income of −$38.2m (a -271.0% margin) and net income of −$33.5m, or −$0.17 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 14 | 15 | 15 | 23 | 1 | 11 | 6 | 6 | 7 | 11 | 39 | 18 | 6 | 14 | 182 |
| Research and development | 20 | 18 | 21 | 39 | 52 | 61 | 63 | 58 | 58 | 49 | 66 | 84 | 74 | 54 | 25 | 18 |
| General and administrative | 6 | 8 | 6 | 9 | 26 | 39 | 16 | 16 | 18 | 15 | 17 | 18 | 22 | 22 | 16 | 16 |
| Operating income | −11 | −13 | −12 | −33 | −104 | −492 | −111 | −90 | −144 | −58 | −74 | −65 | −78 | −76 | −38 | 149 |
| Interest expense | — | — | — | — | 0 | 0 | 0 | 0 | 2 | 4 | 3 | 2 | 0 | 0 | 0 | 0 |
| Income before tax | — | — | −14 | −39 | −79 | −489 | −109 | −61 | −166 | −64 | — | — | — | — | — | — |
| Income tax | — | — | 0 | 0 | −16 | −105 | −24 | −4 | −13 | 0 | 0 | 4 | 0 | 0 | 0 | — |
| Net income | −10 | 30 | −14 | −39 | −63 | −384 | −84 | −57 | −154 | −64 | −76 | −69 | −73 | −70 | −34 | 153 |
| Diluted EPS | −$0.45 | $1.03 | −$0.46 | −$0.90 | −$1.38 | −$7.24 | −$1.56 | −$1.21 | −$2.89 | −$1.00 | −$0.83 | −$0.46 | −$0.44 | −$0.38 | −$0.17 | $0.79 |
| Diluted shares (average) | 23m | 29m | 31m | 43m | 45m | 53m | 55m | 55m | 57m | 76m | 106m | 151m | 166m | 186m | 192m | 194m |
| EBITDA | −10 | −12 | −12 | −33 | −103 | −491 | −109 | −88 | −142 | −56 | −72 | −64 | −77 | −75 | −38 | 149 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 2 | 11 | 1 | 1 | 179 | 1 |
| Research and development | 14 | 9 | 9 | 5 | 6 | 5 | 4 | 3 |
| General and administrative | 5 | 5 | 6 | 3 | 3 | 4 | 6 | 4 |
| Operating income | −21 | −14 | −26 | 1 | −9 | −5 | 169 | −6 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income tax | — | — | — | — | — | — | 0 | 0 |
| Net income | −20 | −13 | −25 | 3 | −8 | −4 | 170 | −5 |
| Diluted EPS | −$0.10 | −$0.07 | −$0.13 | $0.01 | −$0.04 | −$0.01 | $0.87 | −$0.03 |
| EBITDA | −21 | −14 | −25 | 1 | −9 | −5 | 169 | −6 |
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