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Vir Biotechnology, Inc. VIR Grant revenue — Other revenue

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Other financials

Income statement

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Revenue$238.9M+19,583%
Gross profit$238.9M+19,763%
Operating income$73.5M+162%
Net income$80.1M+172%
EPS (diluted)$0.47+159%

Balance sheet

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Cash & equivalents$287.6M-6.1%
Total debt$93.3M-8.8%
Total equity$982.5M+3.7%
Total assets$1.2B+1.9%

Cash flow

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Operating cash flow-$132.4M-69.5%
CapEx$32.0K-98.7%
Free cash flow-$132.8M-66.5%

Valuation

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Market cap$1.48B+111%
Enterprise value$1.29B+159%
P/S4.9×-32.1×

Profitability

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Gross margin96.1%-2.7pp
Operating margin-92.4%-45.5pp
Net margin-83%-40.9pp
FCF margin-686.5%-273pp

Returns & leverage

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Return on equity-26.1%-7.9pp
Debt / equity0.1×0.0×
Current ratio-1.0×

Where this comes from

Reported directly by Vir Biotechnology, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The source filing: Vir Biotechnology, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 5:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053549

Grant payments received in advance that are related to future research activities are deferred and recognized as revenue as the required research and development activities are performed. The grant revenue for the three and six months ended June 30, 2026 and 2025 was not material. As of June 30, 2026 and December 31, 2025, the Company had $1.8 million within accrued and other liabilities on its condensed consolidated balance sheet, related to funds to be refunded to the Gates Foundation. The funds related to the $1.8 million liability as of June 30, 2026 is classified within restricted cash and cash equivalents, current on the Company's condensed consolidated balance sheet.

Item 1. Financial Statements (unaudited)

FAQ

What is Vir Biotechnology, Inc.'s grant revenue — other revenue?
Vir Biotechnology, Inc. (VIR) reported grant revenue — other revenue of $0 in Q2 2026.
How has Vir Biotechnology, Inc.'s grant revenue — other revenue changed year-over-year?
Vir Biotechnology, Inc.'s grant revenue — other revenue decreased by 100.0% year-over-year, from $200K to $0.
What is the long-term trend for Vir Biotechnology, Inc.'s grant revenue — other revenue?
Over 4 years (2021 to 2025), Vir Biotechnology, Inc.'s grant revenue — other revenue has grown at a -29.8% compound annual growth rate (CAGR), from $8.22M to $2M.
What does grant revenue — other revenue mean?
This metric measures the contribution of grant-based funding relative to other non-core revenue streams, such as licensing fees or miscellaneous income not directly tied to customer contracts. It highlights the company's ability to secure specialized research funding as a distinct revenue component compared to other secondary income sources. Investors use this to assess the stability and diversification of the company's non-commercial revenue base.

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