Roivant Sciences Ltd.
ROIV Healthcare Biotechnology
In the quarter to June 2026, revenue fell 33.6%, EPS grew 21.2% and free cash flow fell 30.0%, each against the same quarter a year earlier.
Follow ROIV
Roivant Sciences Ltd. (ROIV) Piotroski F-score
Roivant Sciences Ltd.'s Piotroski F-score for fiscal 2026 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2025.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 2 | (2.00) |
| FY2025 | 4 | (1.00) |
| FY2024 | 5 | 3.00 |
| FY2023 | 2 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (5.38%) | (2.72%) | Fail | 0 |
| Positive operating cash flow | (750.35m) | (839.45m) | Fail | 0 |
| Rising return on assets | (5.38%) | (2.72%) | Fail | 0 |
| Cash flow above net income | (450.58m) | (667.47m) | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 18.37 | 33.47 | Fail | 0 |
| No new shares issued | 693,865,000 | 725,396,000 | Pass | 1 |
| Rising gross margin | 84.44% | 96.86% | Fail | 0 |
| Rising asset turnover | 0.00 | 0.00 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| INCY Incyte Corporation compare | 9 |
| ONC BeOne Medicines Ltd. - Sponsored ADR compare | 7 |
| EXEL Exelixis, Inc. compare | 7 |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 6 |
| RPRX Royalty Pharma PLC compare | 5 |
| GMAB Genmab A/S Sponsored ADR compare | 4 |
| INSM Insmed, Inc. compare | 4 |
| BNTX BioNTech SE Sponsored ADR compare | 4 |
| ROIV Roivant Sciences Ltd. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover