Saturday 17 October 2026
Export VIR’s income statement to Excel — free account
Vir Biotechnology, Inc.
Vir Biotechnology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $68.6 million, down 7.61% from fiscal 2024. In the quarter to June 2026, revenue grew 19,582.5%, EPS grew 160.0% and free cash flow grew 200.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
9.96
0.51
−4.87%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | 11.65 | 12.00 | 25.31 | 18.05 | 7.72 | 6.56 | 4.16 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | 16.50 | 75.00 | 141.01 | 41.85 | 31.55 | 13.09 | 14.45 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 229 | 327 | 444 | 576 | 587 | 408 | 367 | ||||
| Revenue/emp, $m | — | 0.00 | 0.00 | 0.04 | 0.23 | 2.47 | 2.81 | 0.15 | 0.18 | 0.19 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | 3 | 11 | 8 | 76 | 1,095 | 1,616 | 86 | 74 | 69 | ||||
| Gross margin, % | — | 100.00 | 100.00 | 100.00 | 100.00 | 93.99 | 90.94 | 96.79 | 98.86 | 99.96 | |||||
| EBT | — | (81) | (116) | (175) | (299) | 550 | 754 | (628) | (523) | (438) | |||||
| EBT margin, % | — | (2,982.87) | (1,090.78) | (2,157.08) | (391.02) | 50.19 | 46.68 | (728.93) | (704.95) | (638.56) | |||||
| Net income | — | (70) | (116) | (175) | (299) | 529 | 516 | (615) | (522) | (438) | |||||
| Depreciation | — | 0 | 2 | 4 | 8 | 6 | (2) | 11 | 20 | 21 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 1.26 | 1.39 | 0.27 | 0.64 | 8.43 | 12.18 | 0.64 | 0.54 | 0.49 | ||||
| Earnings | — | (32.46) | (15.12) | (5.76) | (2.51) | 4.07 | 3.89 | (4.59) | (3.83) | (3.16) | |||||
| Cash flow | — | (30.85) | (12.27) | (4.27) | (1.60) | (0.37) | 12.54 | (5.81) | (3.28) | (2.83) | |||||
| Capex | — | (1.27) | (1.07) | (0.29) | (0.05) | (0.17) | (0.51) | (0.16) | (0.03) | (0.03) | |||||
| Free cash flow | — | (32.12) | (13.34) | (4.57) | (1.66) | (0.53) | 12.03 | (5.97) | (3.30) | (2.86) | |||||
| Book value | — | 0.00 | (23.37) | 13.97 | 6.02 | 11.02 | 15.67 | 11.86 | 8.44 | 5.52 | |||||
| Shares, m | — | 2 | 8 | 30 | 119 | 130 | 133 | 134 | 136 | 139 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 10.42 | 6.37 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | 0.00 | 14.73 | 47.19 | 41.79 | 4.96 | 2.05 | 16.36 | 13.48 | 12.18 | |||||
| P/B | — | 0.00 | 0.00 | 0.90 | 4.45 | 3.80 | 1.59 | 0.89 | 0.87 | 1.09 | |||||
| EV/Sales | — | 0.00 | (18.19) | (0.97) | 32.03 | 4.31 | 0.55 | (1.46) | 0.07 | 5.34 | |||||
| EV/FCF | — | 0.00 | 1.39 | 0.06 | (12.40) | (68.03) | 0.56 | 0.16 | (0.01) | (0.92) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | (66) | (94) | (130) | (191) | (48) | 1,663 | (779) | (446) | (392) | ||||
| Capex | — | (3) | (8) | (9) | (6) | (22) | (68) | (22) | (4) | (5) | |||||
| Free cash flow | — | (69) | (102) | (139) | (197) | (69) | 1,595 | (800) | (450) | (396) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 180 | 78 | 344 | 673 | 1,222 | 2,008 | 1,413 | 923 | 421 | ||||
| Total debt | — | — | — | 1 | 71 | 138 | 128 | — | — | — | |||||
| Net debt | — | (188) | (109) | (390) | (745) | (717) | (2,415) | (1,536) | (995) | (469) | |||||
| Shareholders’ equity | — | — | (179) | 424 | 717 | 1,432 | 2,078 | 1,590 | 1,150 | 765 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | (31.46) | (120.97) | (49.65) | (41.75) | 36.80 | 21.69 | (26.06) | (31.46) | (36.47) | ||||
| ROIC | — | 0.00 | 0.00 | (324.07) | 0.00 | 36.77 | 0.00 | (783.90) | (235.77) | (101.09) | |||||
| ROE | — | 56.33 | 93.39 | (142.74) | (52.36) | 49.20 | 29.39 | (33.53) | (38.09) | (45.73) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Vir Biotechnology, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MRVI Maravai LifeSciences Holdings, Inc. | $1.8B | — (loss-making) | — (loss-making) | +8.53% (above 0%: growing) | n/m | +127.57% (above 0%: growing) | 40.14% | (29.33%) | Compare |
| PVLA Palvella Therapeutics, Inc. | $1.8B | — (loss-making) | — (loss-making) | −99.09% (below 0%: shrinking) | n/m | −136.38% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| MESO Mesoblast Limited | $1.8B | — (loss-making) | — | −13.41% (below 0%: shrinking) | n/m | −89.23% (below 0%: shrinking) | (353.35%) | (909.40%) | Compare |
| URGN Urogen Pharma | $1.8B | — (loss-making) | — (loss-making) | +199.22% (above 0%: growing) | n/m | +17.26% (above 0%: growing) | 90.93% | 0.15% | Compare |
| XNCR Xencor, Inc. | $1.8B | — (loss-making) | — (loss-making) | +17.46% (above 0%: growing) | n/m | −52.91% (below 0%: shrinking) | 100.00% | (72.37%) | Compare |
| VIR Vir Biotechnology, Inc. | $1.8B | — (loss-making) | — (loss-making) | +19,582.54% (above 0%: growing) | n/m | +200.47% (above 0%: growing) | 100.00% | 30.75% | |
| SEPN Septerna, Inc. | $1.8B | — (loss-making) | — (loss-making) | +22,375.63% (above 0%: growing) | n/m | −9.01% (below 0%: shrinking) | 100.00% | (62.95%) | Compare |
| BHVN Biohaven Ltd. | $1.7B | — (loss-making) | — (loss-making) | +131.43% (above 0%: growing) | n/m | +49.13% (above 0%: growing) | 0.00% | 0.00% | Compare |
| TRVI Trevi Therapeutics, Inc. | $1.7B | — (loss-making) | — | — | n/m | −73.77% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $1.8B | — | — | +17.46% | — | −30.96% | 65.54% | (14.66%) |
Vir Biotechnology, Inc. (VIR) key facts
- Concern: Vir Biotechnology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $68.6 million, down 7.61% from fiscal 2024.
- Concern: Vir Biotechnology, Inc. reported a net loss of $438.0 million, or a loss of $3.16 per share, for fiscal 2025.
- Vir Biotechnology, Inc. (VIR) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, VIR traded at $9.96, a market capitalization of $1.8 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 5.5× sales.
- Return on equity was −45.7% and debt-to-equity 0.00.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −0.57 (distress zone) for fiscal 2025.