VIR Nasdaq Biological Products, (No Diagnostic Substances) Financials FY2017βFY2025
Vir Biotechnology, Inc. had $68.6M of revenue in fiscal 2025, down 7.6% on the year before. Over five years, revenue changed β2.1% a year on average.
Last close Β· Oct 23, 2026
$10.57
1.3%Hi! I read Vir Biotechnology, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β7.6%
No. Sales fell 7.6% last year.
Does it make a profit?
β638.9%
No. It lost money last year.
Does profit turn into cash?
β578.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Vir Biotechnology, Inc. had $68.6M of revenue in fiscal 2025, down 7.6% on the year before. Over five years, revenue changed β2.1% a year on average. Its operating margin was β699.2%, up 92.1Β pts: of every 100 in sales, about β699 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Vir Biotechnology, Inc. lost $438M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$397M in fiscal 2025, β578.5% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $8.9M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$8.9M
10 insiders
Of sales under plans
100%
$8.9M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 1, 2026 | Brent SabatiniSVP, Chief Accounting Officer | Sold plan | 379 | $9.45 | $0.0M | Form 4 |
| Jun 1, 2026 | Janet NapolitanoDirector | Sold plan | 3,200 | $9.45 | $0.0M | Form 4 |
| May 1, 2026 | Vicki L SatoDirector | Sold plan | 22,000 | $10.05 | $0.2M | Form 4 |
| Apr 6, 2026 | Marianne De BackerPresident and CEO, Director | Sold plan | 72,559 | $9.16 | $0.7M | Form 4 |
| Apr 1, 2026 | Vicki L SatoDirector | Sold plan | 22,000 | $9.07 | $0.2M | Form 4 |
| Mar 23, 2026 | Brent SabatiniSVP, Chief Accounting Officer | Sold plan | 7,711 | $9.12 | $0.1M | Form 4 |
| Mar 2, 2026 | Vicki L SatoDirector | Sold plan | 22,000 | $9.50 | $0.2M | Form 4 |
| Feb 25, 2026 | Mark EisnerEVP and Chief Medical Officer | Sold plan | 1,889 | $9.82 | $0.0M | Form 4 |
| Feb 25, 2026 | Vanina de VerneuilEVP, General Counsel, Corp Sec | Sold plan | 13,700 | $9.82 | $0.1M | Form 4 |
| Feb 24, 2026 | Jason O'ByrneEVP & Chief Financial Officer | Sold plan | 1,634 | $9.53 | $0.0M | Form 4 |
| Feb 24, 2026 | Vanina de VerneuilEVP, General Counsel, Corp Sec | Sold plan | 3,117 | $9.53 | $0.0M | Form 4 |
| Feb 24, 2026 | Mark EisnerEVP and Chief Medical Officer | Sold plan | 1,616 | $9.53 | $0.0M | Form 4 |
| Feb 24, 2026 | Marianne De BackerChief Executive Officer, Director | Sold plan | 14,762 | $9.53 | $0.1M | Form 4 |
| Feb 24, 2026 | Vicki L SatoDirector | Sold plan | 42,377 | $9.75 | $0.4M | Form 4 |
| Feb 24, 2026 | Brent SabatiniSVP, Chief Accounting Officer | Sold plan | 1,430 | $9.53 | $0.0M | Form 4 |
| Feb 23, 2026 | Brent SabatiniSVP, Chief Accounting Officer | Sold plan | 1,829 | $7.45 | $0.0M | Form 4 |
| Feb 23, 2026 | Vanina de VerneuilEVP, General Counsel, Corp Sec | Sold plan | 4,445 | $7.45 | $0.0M | Form 4 |
| Feb 23, 2026 | Jason O'ByrneEVP & Chief Financial Officer | Sold plan | 2,089 | $7.45 | $0.0M | Form 4 |
| Feb 23, 2026 | Marianne De BackerChief Executive Officer, Director | Sold plan | 19,039 | $7.45 | $0.1M | Form 4 |
| Feb 23, 2026 | Mark EisnerEVP and Chief Medical Officer | Sold plan | 2,089 | $7.45 | $0.0M | Form 4 |
| Feb 13, 2026 | Brent SabatiniSVP, Chief Accounting Officer | Sold plan | 1,530 | $7.79 | $0.0M | Form 4 |
| Feb 2, 2026 | Vicki L SatoDirector | Sold plan | 22,000 | $7.71 | $0.2M | Form 4 |
| Jan 2, 2026 | Vicki L SatoDirector | Sold plan | 22,000 | $5.93 | $0.1M | Form 4 |
| Dec 1, 2025 | Vicki L SatoDirector | Sold plan | 22,000 | $6.00 | $0.1M | Form 4 |
| Dec 1, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 191,854 | $5.98 | $1.1M | Form 4 |
| Nov 28, 2025 | Softbank Vision Fund (Aiv M1) L.P.10% owner | Sold plan | 61,493 | $6.44 | $0.4M | Form 4 |
| Nov 26, 2025 | Softbank Vision Fund (Aiv M1) L.P.10% owner | Sold plan | 127,938 | $6.39 | $0.8M | Form 4 |
| Nov 25, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 235,971 | $6.38 | $1.5M | Form 4 |
| Nov 24, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 227,803 | $6.15 | $1.4M | Form 4 |
| Nov 17, 2025 | Jason O'ByrneEVP & Chief Financial Officer | Sold plan | 6,799 | $5.56 | $0.0M | Form 4 |
| Nov 5, 2025 | Vanina de VerneuilEVP, General Counsel, Corp Sec | Sold plan | 2,385 | $5.16 | $0.0M | Form 4 |
| Nov 3, 2025 | Vanina de VerneuilEVP and General Counsel | Sold plan | 1,365 | $5.86 | $0.0M | Form 4 |
| Nov 3, 2025 | Vicki L SatoDirector | Sold plan | 22,000 | $5.64 | $0.1M | Form 4 |
| Oct 29, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 100 | $6.49 | $0.0M | Form 4 |
| Oct 28, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 24,453 | $6.50 | $0.2M | Form 4 |
| Oct 27, 2025 | SB Investment Advisers (UK) LTD10% owner | Sold plan | 66,403 | $6.05 | $0.4M | Form 4 |
| Oct 24, 2025 | SB Investment Advisers (UK) LTD10% owner | Sold plan | 46,696 | $5.96 | $0.3M | Form 4 |
| Oct 23, 2025 | SB Investment Advisers (UK) LTD10% owner | Sold plan | 154,383 | $5.99 | $0.9M | Form 4 |
| Oct 22, 2025 | SB Investment Advisers (UK) LTD10% owner | Sold plan | 144,266 | $6.15 | $0.9M | Form 4 |
| Oct 21, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 109,675 | $6.30 | $0.7M | Form 4 |
| Oct 20, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 220,535 | $6.20 | $1.4M | Form 4 |
| Oct 16, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 12,844 | $6.10 | $0.1M | Form 4 |
| Oct 15, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 16,671 | $6.07 | $0.1M | Form 4 |
| Oct 10, 2025 | Softbank Vision Fund (Aiv M1) L.P.10% owner | Sold plan | 2,300 | $6.08 | $0.0M | Form 4 |
| Oct 9, 2025 | Softbank Vision Fund (Aiv M1) L.P.10% owner | Sold plan | 249,060 | $6.14 | $1.5M | Form 4 |
| Oct 8, 2025 | SB Investment Advisers (UK) LTD10% owner | Sold plan | 466,242 | $6.05 | $2.8M | Form 4 |
| Oct 7, 2025 | SB Investment Advisers (UK) LTD10% owner | Sold plan | 72,133 | $5.60 | $0.4M | Form 4 |
| Oct 6, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 73,955 | $5.69 | $0.4M | Form 4 |
| Oct 3, 2025 | SVF Endurance (Cayman) Ltd10% owner | Sold plan | 450,342 | $5.56 | $2.5M | Form 4 |
| Oct 1, 2025 | Vicki L SatoDirector | Sold plan | 22,000 | $5.84 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Vir Biotechnology, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $565M | $2.4B | $1.5B | $901M | $461M |
| Current ratio | 4.6x | 4.9x | 9.1x | 8.7x | 5.5x |
| Quick ratio | 4.6x | 4.9x | 9.1x | 8.7x | 5.5x |
| Total assets | $2.0B | $2.8B | $1.9B | $1.4B | $1.0B |
| Total liabilities | $522M | $724M | $329M | $248M | $238M |
| Shareholders' equity | $1.4B | $2.1B | $1.6B | $1.2B | $765M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Vir Biotechnology, Inc. passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 4 | 3 / 7 | 4 / 8 | 3 / 8 | 5 / 8 | 3 / 8 | 3 / 8 | 3 / 8 |
| Accruals ratio | β | β11.4% | β12.8% | β15.1% | 40.1% | β48.2% | 6.9% | β4.6% | β3.8% |
| Altman Z'' | β | β7.85 | 4.77 | 4.00 | 8.19 | 10.15 | 7.11 | 4.60 | β0.97 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $2.7M | $10.7M | $8.1M | $76.4M | $1.1B | $1.6B | $86.2M | $74.2M | $68.6M |
| Gross profit | β | β | $8.1M | $76.4M | $1.0B | $1.5B | $83.4M | $73.4M | $68.5M |
| Research and development | $62.5M | $100M | $148M | $302M | $448M | $475M | $580M | $506M | $456M |
| Operating income | β$81.5M | β$119M | β$178M | β$297M | $421M | $833M | β$684M | β$587M | β$479M |
| Pretax income | β$80.8M | β$116M | β$175M | β$299M | $550M | $754M | β$628M | β$523M | β$438M |
| Income tax | β$10.9M | β$0.5M | $0.2M | $0.1M | $21.2M | $238M | β$13.1M | β$1.1M | $0.2M |
| Net income | β$69.9M | β$116M | β$175M | β$299M | $529M | $516M | β$615M | β$522M | β$438M |
| Net income to common | β | β | β | β | $529M | $516M | β$615M | β | β |
| Diluted EPS | β$32.45 | β$15.12 | β$5.76 | β$2.51 | $3.96 | $3.83 | β$4.59 | β$3.83 | β$3.16 |
| Diluted shares | 0.00B | 0.01B | 0.03B | 0.12B | 0.13B | 0.13B | 0.13B | 0.14B | 0.14B |
| Cash flow | |||||||||
| Cash from operations | β$66.4M | β$94.1M | β$130M | β$191M | β$47.6M | $1.7B | β$779M | β$446M | β$392M |
| Capital expenditure | $2.7M | $8.2M | $8.9M | $6.5M | $21.8M | $68.0M | $21.6M | $7.3M | $4.8M |
| Free cash flow | β$69.1M | β$102M | β$139M | β$197M | β$69.4M | $1.6B | β$800M | β$454M | β$397M |
| Depreciation and amortization | $0.3M | $1.6M | $3.3M | $4.4M | $5.3M | $6.8M | $19.5M | $14.6M | $11.7M |
| Stock-based compensation | $4.8M | $5.1M | $8.7M | $27.6M | $83.8M | $102M | $111M | $78.5M | $49.1M |
| Acquisitions | $27.3M | β | β | β | β | β | β | β | β |
| Balance sheet | |||||||||
| Cash and short-term investments | $188M | $98.4M | $383M | $737M | $565M | $2.4B | $1.5B | $901M | $461M |
| Current assets | β | $118M | $403M | $772M | $1.6B | $2.5B | $1.6B | $1.0B | $514M |
| Current liabilities | β | $39.9M | $59.2M | $99.1M | $341M | $511M | $175M | $120M | $92.8M |
| Property and equipment, net | β | $12.3M | $16.3M | $17.9M | $42.8M | $106M | $96.0M | $63.2M | $55.6M |
| Goodwill | β | $16.9M | $16.9M | $16.9M | $16.9M | $16.9M | $16.9M | $16.9M | $16.9M |
| Intangible assets | β | $36.9M | $35.7M | $33.8M | $33.3M | $32.8M | $22.6M | $8.1M | $7.9M |
| Total assets | β | $192M | $512M | $919M | $2.0B | $2.8B | $1.9B | $1.4B | $1.0B |
| Total liabilities | β | $61.6M | $88.1M | $202M | $522M | $724M | $329M | $248M | $238M |
| Preferred stock | β | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$68.9M | β$179M | $424M | $717M | $1.4B | $2.1B | $1.6B | $1.2B | $765M |
| Margins | |||||||||
| Gross margin | β | β | 100.0% | 100.0% | 94.0% | 90.9% | 96.8% | 98.9% | 100.0% |
| Operating margin | β3,009.5% | β1,112.6% | β2,199.7% | β388.9% | 38.4% | 51.6% | β794.0% | β791.3% | β699.2% |
| EBITDA margin | β3,000.1% | β1,097.4% | β2,159.0% | β383.1% | 38.9% | 52.0% | β771.5% | β771.7% | β682.1% |
| Net margin | β2,579.5% | β1,086.3% | β2,159.0% | β391.1% | 48.3% | 31.9% | β713.7% | β703.4% | β638.9% |
| FCF margin | β2,552.5% | β958.8% | β1,712.7% | β258.6% | β6.3% | 98.7% | β928.7% | β611.4% | β578.5% |
| Returns | |||||||||
| Return on capital employed | β | β78.2% | β39.3% | β36.2% | 26.1% | 36.4% | β39.2% | β45.9% | β52.7% |
| Return on equity | β | β | β142.7% | β52.4% | 49.2% | 29.4% | β33.5% | β38.1% | β45.7% |
| Return on assets | β | β60.5% | β49.6% | β41.7% | 36.8% | 21.7% | β26.1% | β31.5% | β36.5% |
| Return on tangible equity | β | β | β47.0% | β44.8% | 38.3% | 25.4% | β39.7% | β46.4% | β59.1% |
| Growth | |||||||||
| Revenue growth | β | 293.9% | β24.2% | 843.9% | 1,334.4% | 47.5% | β94.7% | β13.9% | β7.6% |
| Net income growth | β | β | β | β | β | β2.4% | β219.2% | β | β |
| EPS growth | β | β | β | β | β | β3.3% | β219.8% | β | β |
| FCF growth | β | β | β | β | β | β | β150.2% | β | β |
| Share count change | β | 256.2% | 295.9% | 292.6% | 12.0% | 1.0% | β0.5% | 1.6% | 1.7% |
| Financial health | |||||||||
| Current ratio | β | 3.0x | 6.8x | 7.8x | 4.6x | 4.9x | 9.1x | 8.7x | 5.5x |
| Quick ratio | β | 3.0x | 6.8x | 7.8x | 4.6x | 4.9x | 9.1x | 8.7x | 5.5x |
| Capital allocation | |||||||||
| Capex / revenue | 101.3% | 76.8% | 110.5% | 8.6% | 2.0% | 4.2% | 25.0% | 9.8% | 7.0% |
| Stock comp / revenue | 176.6% | 47.4% | 107.8% | 36.1% | 7.6% | 6.3% | 129.2% | 105.7% | 71.6% |
| Quality scores | |||||||||
| Piotroski F-score | β | β | 3.0 | 4.0 | 3.0 | 5.0 | 3.0 | 3.0 | 3.0 |
| Altman Z'' | β | β7.8 | 4.8 | 4.0 | 8.2 | 10.2 | 7.1 | 4.6 | β1.0 |
| Accruals ratio | β | β11.4% | β12.8% | β15.1% | 40.1% | β48.2% | 6.9% | β4.6% | β3.8% |
Source: SEC EDGAR XBRL filings (CIK 0001706431). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
