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Filing Flows › Arbutus Biopharma (ABUS) › Q1 2026 › vs Q4 2025

Arbutus Biopharma (ABUS) Q1 2026 vs Q4 2025 (quarter over quarter)

Arbutus Biopharma's revenue rose $178M (170×) from $1.1M in Q4 2025 to $179M in Q1 2026. Operating margin 94.3% against -503.3% (+597.6 pts).

Arbutus Biopharma, Q1 2026: revenue $179M (102× year over year), operating margin 94.3%, net earnings $170M, operating cash flow −$8.1M. The chart draws each line against Q4 2025, the increases inside each band.

Arbutus Biopharma: what changed, Q1 2026 vs Q4 2025Arbutus Biopharma: what changed, Q1 2026 vs Q4 2025Operating cash sources$177MWorking capital & other$177MOperating profit$174MPre-tax earnings$173MNet earnings$173MCosts & expenses$3.9MCash used in operations$3.4MOther income, net−$747KShare-based compensation$97K

Margins

Q1 2026Q4 2025Change
Operating margin94.3%-503.3%+597.6 pts
Net margin94.7%-357.4%+452.1 pts

Every line

LineQ1 2026Q4 2025Change%
Revenue$179M$1.1M$178M170×
Other income, net$787K$1.5M−$747K-49%
Operating profit$169M−$5.3M$174M—
Costs & expenses$10.2M$6.3M$3.9M+61%
Pre-tax earnings$170M−$3.8M$173M—
Net earnings$170M−$3.8M$173M—
Operating cash sources$179M$2.2M$177M82×
Depreciation & amortization$11K$11K$00%
Share-based compensation$1.4M$1.3M$97K+8%
Cash used in operations$8.1M$4.7M$3.4M+73%
Working capital & other$179M$2.2M$177M82×

Questions

How much did Arbutus Biopharma's revenue grow quarter over quarter in Q1 2026?

Arbutus Biopharma's revenue rose $178M (170×) from $1.1M in Q4 2025 to $179M in Q1 2026. Operating margin 94.3% against -503.3% (+597.6 pts).

Q1 2026 results → · Compare in the interactive Sankey →