Viatris income statement
In fiscal 2025, Viatris reported revenue of $14.30bn, down 3.0% on the year before, operating income of −$2.66bn (a -18.6% margin) and net income of −$3.51bn, or −$3.00 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 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.4 | 11.5 | 11.9 | 17.9 | 16.3 | 15.4 | 14.7 | 14.3 | 14.7 |
| Cost of revenue | 7.4 | 7.6 | 8.1 | 12.3 | 9.8 | 9.0 | 9.1 | 9.3 | 9.6 |
| Gross profit | 4.0 | 3.9 | 3.8 | 5.6 | 6.5 | 6.4 | 5.6 | 5.0 | 5.1 |
| Research and development | 0.7 | 0.6 | 0.6 | 0.8 | 0.7 | 0.8 | 0.8 | 1.0 | 1.0 |
| Selling, general and administrative | 2.4 | 2.6 | 3.3 | 4.5 | 4.2 | 4.1 | 4.1 | 3.8 | 4.0 |
| Operating income | 0.9 | 0.7 | −0.2 | −0.0 | 1.6 | 0.8 | 0.0 | −2.7 | −0.1 |
| Interest expense | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 |
| Income before tax | 0.3 | 0.2 | −0.7 | −0.7 | 2.8 | 0.2 | −0.6 | −3.7 | −0.7 |
| Income tax | −0.1 | 0.1 | −0.1 | 0.6 | 0.7 | 0.1 | 0.0 | −0.2 | −0.3 |
| Net income | 0.4 | 0.0 | −0.7 | −1.3 | 2.1 | 0.1 | −0.6 | −3.5 | −0.4 |
| Diluted EPS | $0.34 | $0.01 | −$0.56 | −$1.05 | $1.71 | $0.05 | −$0.53 | −$3.00 | — |
| Diluted shares (average) | 1,033m | 1,033m | 1,202m | 1,209m | 1,217m | 1,207m | — | — | — |
| EBITDA | 3.0 | 2.7 | 2.0 | 4.5 | 4.6 | 3.5 | 2.9 | 0.1 | 2.7 |
| 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 | 3,751 | 3,528 | 3,254 | 3,582 | 3,760 | 3,704 | 3,517 | 3,757 |
| Cost of revenue | 2,292 | 2,313 | 2,093 | 2,249 | 2,388 | 2,556 | 2,360 | 2,300 |
| Gross profit | 1,459 | 1,215 | 1,161 | 1,333 | 1,372 | 1,148 | 1,157 | 1,457 |
| Research and development | 198 | 207 | 222 | 219 | 250 | 275 | 249 | 248 |
| Selling, general and administrative | 1,003 | 1,047 | 948 | 929 | 887 | 1,031 | 929 | 1,135 |
| Operating income | 226 | −180 | −2,882 | 233 | 179 | −193 | −80 | 6 |
| Interest expense | 146 | 120 | 116 | 117 | 120 | 120 | 120 | 121 |
| Income before tax | 91 | −527 | −3,097 | −217 | −8 | −343 | −247 | −64 |
| Income tax | −4 | −10 | −55 | −213 | 120 | −3 | −424 | 55 |
| Net income | 95 | −517 | −3,042 | −5 | −128 | −340 | 176 | −119 |
| Diluted EPS | $0.08 | −$0.43 | −$2.55 | $0.00 | −$0.11 | −$0.30 | $0.15 | −$0.10 |
| EBITDA | 896 | 566 | −2,218 | 911 | 867 | 574 | 596 | 679 |
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