Financial Statements — VIR
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.28 | 0.27 | 0.17 | 0.21 | 0.27 | 0.17 | 0.30 | 0.16 | 0.45 | 0.67 | 0.82 | 0.96 | 1.51 | 0.81 | 0.71 | 0.74 | 0.52 |
| Short-term Investments | 0.25 | 0.20 | 0.33 | 0.39 | 0.52 | 0.74 | 0.85 | 0.99 | 1.23 | 1.17 | 1.41 | 1.36 | 0.65 | 0.40 | 0.06 | 0.08 | 0.21 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.01 | 1.22 | 0.09 | -- | 0.11 |
| Total Current Assets | 0.57 | 0.52 | 0.55 | 0.74 | 0.93 | 1.05 | 1.21 | 1.21 | 1.77 | 1.95 | 2.36 | 2.41 | 2.29 | 2.57 | 1.07 | 0.86 | 0.99 |
| Property, Plant & Equipment | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.07 | 0.03 | 0.02 | 0.02 |
| Goodwill | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Intangible Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Non-current Assets* | 0.64 | 0.50 | 0.47 | 0.46 | 0.38 | 0.45 | 0.46 | 0.58 | 0.28 | 0.30 | 0.31 | 0.28 | 0.33 | 0.32 | 0.14 | 0.20 | 0.14 |
| Total Assets | 1.21 | 1.03 | 1.02 | 1.19 | 1.31 | 1.50 | 1.67 | 1.79 | 2.04 | 2.24 | 2.67 | 2.70 | 2.62 | 2.89 | 1.21 | 1.06 | 1.14 |
| Accounts Payable | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 |
| Total Current Liabilities | 0.09 | 0.07 | 0.08 | 0.11 | 0.14 | 0.12 | 0.10 | 0.09 | 0.17 | 0.23 | 0.49 | 0.31 | 0.48 | 0.70 | 0.23 | 0.15 | 0.36 |
| Total Non-current Liabilities* | 0.14 | 0.14 | 0.15 | 0.14 | 0.13 | 0.14 | 0.14 | 0.15 | 0.20 | 0.21 | 0.21 | 0.24 | 0.19 | 0.18 | 0.10 | 0.17 | 0.12 |
| Total Liabilities | 0.23 | 0.21 | 0.22 | 0.25 | 0.26 | 0.26 | 0.24 | 0.25 | 0.37 | 0.43 | 0.70 | 0.55 | 0.67 | 0.89 | 0.33 | 0.32 | 0.48 |
| Retained Earnings | (1.24) | (1.32) | (1.15) | (0.99) | (0.88) | (0.66) | (0.44) | (0.30) | (0.12) | 0.04 | 0.24 | 0.48 | 0.30 | 0.38 | (0.66) | 0.77 | (0.84) |
| Total Stockholder Equity* | 0.98 | 0.81 | 0.80 | 0.95 | 1.04 | 1.24 | 1.43 | 1.55 | 1.68 | 1.81 | 1.97 | 2.15 | 1.95 | 2.00 | 0.88 | 0.74 | 0.65 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 0.24 | -0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.06 | 0.02 | 0.00 | 0.00 | 0.06 | 0.05 | 0.37 | (0.04) | 1.23 | 0.81 | 0.10 |
| Cost of Revenue | 0.00 | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 | 0.09 | 0.06 | 0.01 |
| Gross Profit | 0.24 | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.06 | 0.02 | 0.00 | 0.06 | 0.06 | 0.04 | 0.35 | (0.07) | 1.14 | 0.76 | 0.10 |
| Research & Development | 0.14 | 0.11 | 0.09 | 0.15 | 0.10 | 0.12 | 0.11 | 0.20 | 0.11 | 0.10 | 0.11 | 0.15 | 0.17 | 0.16 | 0.16 | 0.11 | 0.12 | 0.09 | 0.13 | 0.10 |
| Selling, General & Admin | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 | 0.05 |
| Total Operating Expenses | 0.17 | -- | -- | -- | 0.12 | 0.14 | 0.13 | 0.23 | 0.16 | 0.14 | 0.16 | 0.19 | 0.42 | 0.20 | 0.19 | 0.16 | 0.16 | 0.13 | 0.18 | 0.16 |
| Operating Income | 0.07 | (0.13) | (0.05) | (0.17) | (0.12) | (0.14) | (0.12) | (0.23) | (0.16) | (0.08) | (0.14) | (0.19) | (0.22) | (0.14) | (0.15) | 0.19 | (0.23) | 1.01 | 0.57 | (0.05) |
| Pretax Income | 0.08 | (0.13) | (0.04) | (0.16) | (0.11) | (0.12) | (0.10) | (0.21) | (0.14) | (0.06) | (0.12) | (0.17) | (0.20) | (0.14) | (0.15) | 0.22 | (0.23) | 0.92 | 0.55 | 0.11 |
| Tax Provision | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | (0.05) | 0.04 | (0.16) | 0.40 | 0.02 | 0.00 |
| Net Income | 0.08 | (0.13) | (0.04) | (0.16) | (0.11) | (0.12) | (0.10) | (0.21) | (0.14) | (0.07) | (0.12) | (0.16) | (0.19) | (0.14) | (0.10) | 0.18 | (0.08) | 0.52 | 0.53 | 0.11 |
| Basic EPS | 0.48 | (0.85) | (0.31) | (1.17) | (0.80) | (0.88) | (0.77) | (1.56) | (1.02) | (0.48) | (0.86) | (1.22) | (1.45) | (1.06) | (0.78) | 1.32 | (0.58) | 3.93 | 4.04 | 0.85 |
| Diluted EPS | 0.47 | (0.85) | (0.31) | (1.17) | (0.80) | (0.88) | (0.77) | (1.56) | (1.02) | (0.48) | (0.86) | (1.22) | (1.45) | (1.06) | (0.74) | 1.30 | (0.58) | 3.85 | 3.94 | 0.82 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 123.33 | (132.39) | (25.88) | (167.57) | (120.22) | (78.12) | (87.63) | (171.48) | (77.85) | (109.39) | (107.93) | (155.83) | (389.25) | (125.78) | 35.13 | 117.90 | 960.14 | 550.09 | 7.70 | (105.81) |
| Capital Expenditures | 0.03 | 0.39 | 0.35 | 0.32 | 2.54 | 1.63 | 2.41 | 2.36 | 0.67 | 1.87 | 1.54 | 3.71 | 9.46 | 6.87 | 12.60 | 18.99 | 20.60 | 15.84 | 13.07 | 6.01 |
| Free Cash Flow* | 123.29 | (132.78) | (26.22) | (167.89) | (122.76) | (79.74) | (90.04) | (173.84) | (78.51) | (111.26) | (109.46) | (159.54) | (398.70) | (132.65) | 22.53 | 98.91 | 939.54 | 534.25 | (5.37) | (111.82) |
| Investing Cash Flow | (197.14) | 11.84 | 86.65 | 40.45 | 56.46 | 126.82 | 140.74 | 118.60 | 211.61 | 28.42 | (104.81) | (58.95) | 230.32 | 98.08 | (153.13) | (662.60) | (272.33) | (105.39) | (377.58) | 73.86 |
| Financing Cash Flow | 78.38 | 162.52 | 1.04 | 0.10 | 2.05 | 0.60 | 1.26 | 0.03 | 2.94 | 0.15 | 1.68 | 0.28 | 3.18 | 2.34 | 2.01 | 1.99 | 3.08 | 27.69 | 5.67 | 3.63 |
* Derived from reported values
