| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 68.56M | 74.20M | 86.18M | 1.62B | 1.10B |
| Gross Profit | 56.85M | -404.44M | -486.65M | 994.83M | 581.54M |
| EBITDA | -426.09M | -508.91M | -641.64M | 839.85M | 426.56M |
| Net Income | -437.99M | -521.96M | -615.06M | 515.84M | 528.58M |
Balance Sheet | |||||
| Total Assets | 1.00B | 1.40B | 1.92B | 2.80B | 1.95B |
| Cash, Cash Equivalents and Short-Term Investments | 462.86M | 905.35M | 1.52B | 2.40B | 708.14M |
| Total Debt | 186.91M | 97.89M | 124.54M | 127.97M | 137.49M |
| Total Liabilities | 237.55M | 248.43M | 328.82M | 724.13M | 522.42M |
| Stockholders Equity | 765.28M | 1.15B | 1.59B | 2.08B | 1.43B |
Cash Flow | |||||
| Free Cash Flow | -396.61M | -453.65M | -800.36M | 1.60B | -69.41M |
| Operating Cash Flow | -391.78M | -446.35M | -778.78M | 1.66B | -47.59M |
| Investing Cash Flow | 310.37M | 499.37M | 164.73M | -1.19B | -140.81M |
| Financing Cash Flow | 3.79M | 4.39M | 7.38M | 34.76M | 100.33M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $1.32B | -3.16 | -45.73% | ― | -78.55% | 7.74% | |
59 Neutral | $1.50B | -3.42 | -55.50% | ― | 175.62% | 19.63% | |
54 Neutral | $1.38B | -19.86 | -22.38% | ― | 2147.20% | -269.99% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | $404.05M | -9.46 | -33.63% | ― | ― | -5.71% | |
47 Neutral | $1.40B | -1.67 | ― | ― | -12.52% | -82.84% | |
46 Neutral | $843.36M | -6.75 | -14.00% | ― | 38.16% | 48.43% |
On February 25, 2026, Vir Biotechnology, Inc. entered into an underwriting agreement with a syndicate of investment banks to offer 17,647,059 shares of its common stock at $8.50 per share. The transaction, conducted under an effective shelf registration with the U.S. Securities and Exchange Commission, is expected to close on February 27, 2026, subject to customary conditions.
The company granted underwriters a 30-day option to purchase up to an additional 2,647,058 shares at the same public offering price and anticipates net proceeds of about $141.1 million, or $162.3 million if the option is fully exercised. The capital raise is poised to strengthen Vir Biotechnology’s balance sheet and provide additional financial flexibility for its operations and pipeline in the competitive infectious disease therapeutics market.
The most recent analyst rating on (VIR) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Vir Biotechnology stock, see the VIR Stock Forecast page.
On February 19, 2026, Vir Biotechnology and Astellas US LLC signed a collaboration and license agreement for VIR-5500, a PRO-XTEN dual-masked T-cell engager targeting PSMA that is in Phase 1 development for advanced prostate cancer. The deal, jointly announced on February 23, 2026, also includes a stock purchase agreement under which Astellas will invest about $75 million in Vir at a 50% premium to the recent 30-day volume-weighted average share price.
Under the collaboration, Vir will receive $335 million in upfront and near-term milestone payments, with potential to earn up to $1.37 billion in additional milestones plus tiered double-digit ex-U.S. royalties, while global development costs will be shared 60/40 in favor of Astellas. The structure gives Vir equal profit-and-loss sharing and an option to co-promote in the U.S., exclusive commercialization by Astellas ex-U.S., and the flexibility to opt out of cost sharing for higher milestone and royalty economics, positioning VIR-5500 as a cornerstone of Vir’s emerging oncology franchise and reinforcing Astellas’ strategy to deepen its prostate cancer and immuno-oncology pipeline.
Closing of the transaction is contingent on expiration or termination of the applicable Hart-Scott-Rodino waiting period and other customary conditions. Vir will share a portion of certain collaboration proceeds with Sanofi under an existing licensing agreement linked to the PRO-XTEN platform, while Astellas’ equity stake comes with one-year standstill, voting and lockup provisions that underscore the strategic nature of the partnership for both companies and their stakeholders.
The most recent analyst rating on (VIR) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Vir Biotechnology stock, see the VIR Stock Forecast page.
On January 12, 2026, Vir Biotechnology reported updated positive Phase 2 SOLSTICE data in chronic hepatitis delta showing that combination therapy with tobevibart and elebsiran achieved undetectable HDV RNA in 88% of evaluable participants at Week 96, with a favorable safety profile and stronger viral suppression than tobevibart alone, reinforcing the potential of this regimen as a future standard of care. The company outlined progress in its registrational ECLIPSE Phase 3 program in chronic hepatitis delta, highlighted upcoming presentations of Phase 1 data for PSMA-targeted T-cell engager VIR-5500 in metastatic castration-resistant prostate cancer at a major oncology meeting, and noted continued advancement of its broader PRO-XTEN oncology portfolio, while disclosing an unaudited year-end 2025 cash and investment balance of about $781 million and an extended cash runway into the fourth quarter of 2027, supported by a regional licensing deal with Norgine and disciplined spending.
The most recent analyst rating on (VIR) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Vir Biotechnology stock, see the VIR Stock Forecast page.
On December 16, 2025, Vir Biotechnology entered into a license agreement with Norgine Pharma UK Limited, granting Norgine exclusive commercial rights to a combination treatment for chronic hepatitis delta (CHD) in Europe, Australia, and New Zealand. Vir will receive an initial EUR 55 million reimbursement and up to EUR 495 million in milestones, with shared clinical development costs for ongoing trials. The combination treatment of tobevibart and elebsiran showed promising results in a Phase 2 trial, achieving significant virologic suppression and being well-tolerated, which could enhance Vir’s market positioning and impact stakeholders positively.
The most recent analyst rating on (VIR) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Vir Biotechnology stock, see the VIR Stock Forecast page.