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How Arbutus Biopharma (ABUS) makes money

Arbutus Biopharma (ABUS) made $1.0M of revenue in the second quarter 2026 (Q2 2026), -91% from a year earlier. Revenue from collaborations and licenses brought in $632K (62%); Collaborations and licenses brought in $202K (20%); Non-cash royalty revenue brought in $180K (18%).

Drawing the Sankey…

Arbutus Biopharma revenue by segment, Q2 2026Arbutus Biopharma revenue by segment, Q2 2026Revenue from collaborations and l…$632KCollaborations and licenses$202KNon-cash royalty revenue$180K
Arbutus Biopharma: revenue by line, Q4 2024 to Q2 2026Arbutus Biopharma: revenue by line, Q4 2024 to Q2 2026Revenue from collabor…Collaborations and li…Non-cash royalty reve…Revenue from collaborations and licenses: $632K latestCollaborations and licenses: $202K latestNon-cash royalty revenue: $180K latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Collaborations and licenses went from 67% of revenue in Q4 2024 to 20% in Q2 2026, the largest shift in the mix.
Arbutus Biopharma revenue by quarterArbutus Biopharma revenue by quarter$1.6MQ4 2024$1.8MQ1 2025$10.7MQ2 2025$529KQ3 2025$1.1MQ4 2025$179MQ1 2026$1.0MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Revenue from collaborations and licenses$632K62.3%-100%—
Collaborations and licenses$202K19.9%-1%-98%
Non-cash royalty revenue$180K17.8%-0.6%-66%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$1.0M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$1.0M-91%
Q1 2026$179M102×
Q4 2025$1.1M-33%
Q3 2025$529K-60%
Q2 2025$10.7M+522%
Q1 2025$1.8M+15%
Q4 2024$1.6M-27%

From Arbutus Biopharma's 10-Q filed Aug 12, 2026 (on EDGAR).

Questions

How does Arbutus Biopharma make money?

Arbutus Biopharma (ABUS) made $1.0M of revenue in the second quarter 2026 (Q2 2026), -91% from a year earlier. Revenue from collaborations and licenses brought in $632K (62%); Collaborations and licenses brought in $202K (20%); Non-cash royalty revenue brought in $180K (18%).

What is Arbutus Biopharma's biggest business?

Revenue from collaborations and licenses: $632K in the second quarter 2026, 62% of revenue.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.