Vir Biotechnology, Inc. income statement
In fiscal 2025, Vir Biotechnology, Inc. reported revenue of $68.6m, down 7.6% on the year before, operating income of −$479m (a -699.2% margin) and net income of −$438m, or −$3.16 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 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 11 | 8 | 76 | 1,095 | 1,616 | 86 | 74 | 69 | 303 |
| Cost of revenue | — | — | 0 | 0 | 66 | 146 | 3 | 1 | 0 | — |
| Gross profit | — | — | 8 | 76 | 1,030 | 1,469 | 83 | 73 | 69 | — |
| Research and development | 63 | 100 | 148 | 302 | 448 | 475 | 580 | 506 | 456 | 484 |
| Selling, general and administrative | — | — | 38 | 71 | 161 | 162 | 174 | 119 | 92 | 99 |
| General and administrative | 22 | 29 | — | — | — | — | — | — | — | — |
| Operating income | −81 | −119 | −178 | −297 | 421 | 833 | −684 | −587 | −479 | −280 |
| Income before tax | −81 | −116 | −175 | −299 | 550 | 754 | −628 | −523 | −438 | −251 |
| Income tax | −11 | −0 | 0 | 0 | 21 | 238 | −13 | −1 | 0 | 0 |
| Net income | −70 | −116 | −175 | −299 | 529 | 516 | −615 | −522 | −438 | −252 |
| Diluted EPS | −$2.03 | −$0.94 | −$1.44 | −$2.51 | $3.96 | $3.83 | −$4.59 | −$3.83 | −$3.16 | −$1.69 |
| Diluted shares (average) | 34m | 123m | 121m | 119m | 133m | 135m | 134m | 136m | 139m | 149m |
| EBITDA | −81 | −117 | −175 | −293 | 426 | 840 | −665 | −573 | −468 | −269 |
| 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 | 2 | 12 | 3 | 1 | 0 | 64 | −0 | 239 |
| Cost of revenue | 0 | 1 | 0 | 0 | — | — | — | 0 |
| Gross profit | 2 | 12 | 3 | 1 | — | — | — | 239 |
| Research and development | 195 | 106 | 119 | 98 | 151 | 88 | 109 | 135 |
| Selling, general and administrative | 26 | 27 | 24 | 22 | 22 | 24 | 23 | 30 |
| Operating income | −231 | −117 | −140 | −118 | −173 | −48 | −132 | 73 |
| Income before tax | −214 | −105 | −121 | −111 | −163 | −43 | −126 | 80 |
| Income tax | 0 | −0 | 0 | 0 | 0 | −0 | 0 | 0 |
| Net income | −214 | −105 | −121 | −111 | −163 | −43 | −126 | 80 |
| Diluted EPS | −$1.56 | −$0.76 | −$0.88 | −$0.80 | −$1.17 | −$0.30 | −$0.85 | $0.47 |
| EBITDA | −228 | −114 | −137 | −116 | −171 | −45 | −129 | 76 |
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